Billionaire Offers Interns £26,000 a Month Amid Record Profits

Russian-born billionaire Alex Gerko is seeking students for research internships at his London-based fintech firm, XTX Markets, offering £26,000 a month. The internships, available to students with ongoing PhDs in quantitative fields, require solid programming skills and a proven publication record in machine learning. XTX Markets, one of the fastest-growing fintech firms, trades across 35 countries, handling £186 billion in transactions daily.

Key Takeaways:

XTX Markets is offering research internships to students with ongoing PhDs in quantitative fields, requiring solid programming skills and a proven publication record in machine learning.
The internships will pay £26,000 a month, placing the successful candidates among the highest-paid interns in the US and the UK.
XTX Markets, founded in 2015, is one of the fastest-growing fintech firms, trading across 35 countries and handling £186 billion in transactions daily.
The firm uses artificial intelligence and machine learning to make rapid financial trades and operates a supercomputer powered by Nvidia AI chips in Iceland.
Alex Gerko, the billionaire behind XTX Markets, made £682 million last year and has a net worth of £8.7 billion.
Gerko has been vocal in his opposition to war in Ukraine and has donated tens of millions to UK charities, including Great Ormond Street Hospital and the Trussell Trust.

Statistics:

£26,000: monthly salary offered to successful internship candidates
£186 billion: daily transactions handled by XTX Markets
£682 million: revenue made by Alex Gerko in 2023
£8.7 billion: net worth of Alex Gerko
£664 million: amount handed over by Gerko in 2023 as Britain's biggest individual taxpayer
£202 million: charitable donation given by Gerko in 2023
PS150 million: reportedly poured into XTX's supercomputer site in Iceland

Sources:

"Billionaire offers interns £26,000 a month amid record profits" by Lettice Bromovsky