Apply for the Jane Street Graduate Research Fellowship (GRF) 2027 - full tuition coverage, $50,000 USD stipend, and $5,000 finalist awards for PhD students.
Applications are officially open for the prestigious Jane Street Graduate Research Fellowship (GRF) 2027. Established by Jane Street - one of the world’s leading quantitative trading and technology firms headquartered in New York City - this elite doctoral fellowship supports exceptional PhD researchers who demonstrate outstanding technical excellence, intellectual curiosity, and creative problem-solving.
The Jane Street GRF recognizes innovative doctoral research across four core STEM disciplines: Computer Science & Electrical Engineering (EECS), Mathematics, Physics, and Statistics. Selected Fellows receive 100% full tuition and required university fees covered for the entire 2027 - 2028 academic year, plus a generous living stipend of $50,000 USD (or equivalent in local currency). In addition, Fellows receive an all-expenses-paid invitation to visit Jane Street’s global headquarters in New York City to deliver an invited research seminar. All shortlisted finalists receive a $5,000 USD monetary award.
The fellowship is open to doctoral students at accredited research institutions in the United States, Canada, the United Kingdom, Europe, Australia, New Zealand, and Singapore. International PhD students studying at eligible universities are warmly welcomed and encouraged to apply. The student application deadline is November 13, 2026 (Anywhere on Earth - AoE), with recommendation letters due by December 1, 2026 (AoE).
Quick Facts - Jane Street Graduate Research Fellowship (GRF) 2027
| Detail | Information |
|---|---|
| Convening Organization | Jane Street Capital LLC |
| Host Location & Landmark | New York City, USA 🇺🇸 (Lower Manhattan Skyline, One World Trade Center & Brookfield Place) |
| Target Group | Doctoral (PhD) students with ≥1 year remaining, or committed to start in Fall 2027 |
| Eligible Fields of Study | Computer Science (EECS), Mathematics, Physics, Statistics (and adjacent fields) |
| Fellowship Award | 100% Full Tuition & Academic Fees Covered for the 2027 - 2028 academic year |
| Living Stipend | $50,000 USD cash stipend (or local currency equivalent) |
| Finalist Awards | $5,000 USD cash award for each shortlisted finalist |
| Special Invitation | All-expenses-paid trip to visit Jane Street’s NYC headquarters and present an invited research talk |
| Eligible Regions | Research universities in US, Canada, UK, Europe, Australia, New Zealand, Singapore (all nationalities) |
| Application Requirements | Collated PDF with CV/Resume + 1 - 2 page research statement + letter writer contacts |
| Application Fee | $0 (Completely Free to Apply) |
| Student Application Deadline | November 13, 2026 (23:59 AoE) |
| Recommendation Letters Deadline | December 1, 2026 (23:59 AoE) |
| Award Notification | February 2027 |
| Official Gateway | janestreet.com/apply-graduate-research-fellowship |
About Jane Street & the Graduate Research Fellowship
Jane Street is a quantitative trading firm with a distinct focus on technology, collaboration, and high-performance engineering. Trading actively in thousands of financial products across 200+ venues in 45 countries, Jane Street combines advanced principles from functional programming (OCaml), machine learning, distributed high-frequency systems, programmable hardware (FPGAs), applied statistics, and pure mathematics.
The Jane Street Graduate Research Fellowship (GRF) was created to support the broader academic ecosystem by providing unfettered financial freedom to exceptional PhD candidates. The fellowship imposes no proprietary restrictions or intellectual property claims on your academic work, allowing fellows to explore ambitious theoretical and empirical frontiers without commercial constraints.
Comprehensive Fellowship Benefits & Funding
- 100% Full Tuition & Fees Coverage: Jane Street directly negotiates and disburses full tuition and mandatory student fees to the Fellow’s university for the 2027 - 2028 academic year.
- $50,000 USD Living Stipend: An unrestricted living allowance of $50,000 USD (or equivalent in your home institution’s local currency) to support housing, research resources, conference travel, and daily expenses.
- $5,000 USD Finalist Cash Prize: To celebrate exceptional applications, every candidate selected as a shortlisted finalist receives a non-dilutive $5,000 USD monetary award.
- All-Expenses-Paid NYC Visit & Research Talk: Fellows are invited to visit Jane Street’s world headquarters in Lower Manhattan, New York City, to present their research to Jane Street quantitative researchers, software engineers, and fellow laureates, with all flights, lodging, and hospitality paid.
- Academic Autonomy: Fellowship recipients retain 100% ownership of their intellectual property, publications, codebases, and academic findings. There is no employment obligation.
- Stacking & Coordination Support: Jane Street works closely with university graduate departments and international fellowship offices to coordinate payment structures and maximize overall funding allowances.
Eligible Fields of Study
The fellowship welcomes applications from doctoral researchers pursuing PhD degrees in:
- Electrical Engineering & Computer Science (EECS): Algorithms, functional programming languages, compilers, formal methods, distributed computing, cryptography, artificial intelligence, machine learning, computer architecture, and hardware design.
- Mathematics: Discrete mathematics, combinatorics, probability theory, algebraic geometry, number theory, analysis, topology, and mathematical logic.
- Statistics: High-dimensional statistics, Bayesian inference, time-series analysis, empirical processes, optimization, and statistical learning theory.
- Physics: Theoretical physics, statistical mechanics, quantum computing, computational physics, and condensed matter theory.
- Adjacent & Interdisciplinary Fields: Jane Street explicitly welcomes applicants from adjacent departments (e.g., computational biology, operations research, information engineering) whose research fundamentally intersects with quantitative, computational, or mathematical methods.
Eligibility Criteria
To qualify for the 2027 Jane Street Graduate Research Fellowship, applicants must satisfy the following conditions:
- Academic Status: Candidates must either:
- Be currently enrolled in an accredited PhD program with at least one full academic year remaining after the current term; OR
- Have accepted an offer and committed to commence an eligible PhD program in Fall 2027.
- Institutional Geography: Students must maintain good academic standing at a recognized, accredited research university located in:
- United States 🇺🇸
- Canada 🇨🇦
- United Kingdom 🇬🇧
- Europe (all EEA / EU / Switzerland / UK institutions) 🇪🇺
- Australia 🇦🇺
- New Zealand 🇳🇿
- Singapore 🇸🇬
- Open to All Nationalities: International students studying in any of the above countries are 100% eligible and strongly encouraged to apply.
- Non-Finance Research Welcomed: Proposed research does not need to relate to financial markets, quantitative trading, or economics. The fellowship supports foundational scientific research across all eligible disciplines.
- Previous Finalists: Applicants previously named as Finalists or Honorable Mentions in earlier fellowship cycles remain eligible to apply.
Application Materials & Document Specifications
Candidates must prepare and upload a single collated PDF document containing:
- Curriculum Vitae (CV) / Academic Résumé: Highlighting academic background, publication record, preprints, software projects, conference presentations, and relevant academic awards.
- Research Statement (1 - 2 pages): A clear overview of your current research or proposed doctoral direction. The statement should be written for a general, mathematically or technically sophisticated audience who may not be specialists in your exact niche.
- Letters of Recommendation (Contact Info): Contact details for your faculty recommenders / advisors. Jane Street will contact letter writers directly upon receipt of your application. Letters are due by December 1, 2026.
Step-by-Step Application Guide
- Review the fellowship overview on the Jane Street Graduate Research Fellowship Program Page.
- Prepare a concise 1 - 2 page research statement describing your doctoral inquiry and combine it with your CV into a single PDF file.
- Inform your academic advisors or letter writers that Jane Street will email them for their recommendations by December 1, 2026. (Letters can also be sent directly to
graduate-research-fellowship@janestreet.com). - Access the official portal at Jane Street GRF Application Portal.
- Fill in your academic profile, select your university and discipline, and upload your collated PDF before the student deadline: November 13, 2026 (23:59 AoE).
- Shortlisted finalists and fellowship awardees will be announced in February 2027.
Official Links & Application Gateway
Apply Now - Jane Street Graduate Research Fellowship Application Form
Official Program Overview - Jane Street GRF
For questions regarding the fellowship guidelines or faculty nominations, contact the fellowship coordinator at graduate-research-fellowship@janestreet.com.
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Frequently Asked Questions (FAQs) - Jane Street GRF 2027
What is the deadline for applications?
The student application deadline is November 13, 2026 (Anywhere on Earth - AoE). Letters of recommendation from your faculty advisors are due by December 1, 2026 (AoE).
Can first-year graduate students apply?
Yes. Doctoral students in their first year, intermediate years, or incoming students committed to start in Fall 2027 are fully eligible, provided they have at least one year remaining in their PhD program.
Does my research have to relate to trading or finance?
No. Jane Street explicitly funds pure and applied research across computer science, mathematics, statistics, and physics regardless of whether it has applications in finance.
Can this fellowship stack with other scholarships?
Yes. Jane Street works with your university’s graduate financial aid office to coordinate stipend payments in compliance with institutional caps.
What award do finalists receive?
All candidates shortlisted as finalists who are not awarded the full fellowship receive an unrestricted monetary award of $5,000 USD.
