About the Fellowship

Award Details

• Fellows will have their full tuition and fees covered for the upcoming academic year.
• Fellows will also receive a $45,000[1] USD stipend (or the equivalent in your local currency) to help with living expenses while completing their PhD.
• Fellows will be invited (but not required) to visit our office to give a talk on any topic of their choosing to Jane Street employees and other Fellowship recipients; all expenses will be paid.

All Finalists will receive a $5,000 monetary award. Those selected as Fellows will receive this in addition to their Fellowship stipend.

Eligibility

• PhD students who have at least one year remaining in a program in electrical engineering and computer science, mathematics, physics, or statistics [2] or have committed to commence a PhD program at a specified university in the Fall of 2026 are eligible to apply.
• Students must remain in good academic standing as an active, full-time member of their PhD program at a degree-granting accredited research institution in the United States, Canada, United Kingdom, Europe, Australia, or New Zealand for the duration of the academic year of the award, or the award will be forfeited. Deferrals for medical reasons and other extenuating circumstances may be granted on a case-by-case basis.
• International students are eligible and encouraged to apply!
• Current employees (and their immediate family members) as well as former employees are not eligible to become fellows or finalists, though they may be considered for honorable mentions.
• Generally, PhD fellowships require university-specific payment negotiations; if accepted, we will work with your program to arrange the award of your fellowship.

Application

Complete applications should include:

• A CV or resume.
• A brief statement explaining your research (or proposed research direction). This should be geared toward a general, mathematically or technically inclined audience who may not be specialists in your field. If you already have a statement of this form, feel free to use it for this application. If not, we suggest writing something 1-2 pages in length (though longer is fine if you feel it is necessary).
• Contact information for your letter writer(s). Please note that once we receive an application, we will reach out to your letter writers directly to collect their recommendations.

If you have questions about the application process, or are a faculty member who wishes to nominate a student, please email graduate-research-fellowship@janestreet.com.

Important Dates

• Student applications are due November 21, 2025.*
• Recommendation letters are due December 2, 2025.* We will reach out to your letter writers directly to collect their recommendations. We appreciate you letting your letter writer(s) know to expect an email from us. Letters can also be proactively submitted to graduate-research-fellowship@janestreet.com.
• Award notifications will take place in February.

*All application deadlines are AoE.

[1] Note that stipends are taxable and may be subject to tax withholdings.

[2] If your research relates to programming languages and compilers, you might also be interested in our Tools and Compilers Research Internship. It’s intended for graduate students and can be hosted in our London or New York office all year round.