Chicago Mercantile Exchange

Software Engineering Fellowship - Summer 2027

Chicago, Cook County · Internship

No sponsorship$75k-$75kDetected 26 days ago
CommunicationProblem SolvingMentoring

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odds of building a lasting career here

42Risky
Cap-exempt (no lottery)0
Sponsors this role100
Entry-level history0
PERM / green-card track0
Lottery odds (Level I)39
Fits your clock70

Thin sponsorship signal and lottery-bound (~15% per draw). A low-probability bet with your clock running. Prioritize cap-exempt roles and proven entry-level sponsors first.

Lottery odds assume a STEM candidate.

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H-1B wage level

the lottery is wage-weighted — each level is one more entry

Level I · 1×
Level I$92,7891 entry
Level II$117,0832 entries
Level III$141,3983 entries
Level IV$165,6934 entries

The bottom of this range ($75,088) is below the Level I prevailing wage of $92,789. An H-1B cannot be filed below the prevailing wage, so an offer at the floor of this band could not be sponsored as posted.

DOL prevailing wage, 2026-27 wage year · Software Developers (15-1252) · Chicago-Naperville-Elgin, IL-IN. Wage level is derived by USCIS from the offered wage, occupation and worksite; the occupation shown is inferred from the job title.

Employer immigration record

from this employer's Department of Labor filings

Green-card filing pattern in this occupation

Context, not a finding about this posting: of this employer's 16 green-card filings in this occupation, 100% were for a worker who already held the job.

Green-card follow-through: 43%

Of 21 labor certifications old enough to have been used, 12 expired without the employer filing the next step. Median time from filing to decision: 478 days.100% of their filings were for a worker who already held the job.Only certifications past the 180-day window are counted — recent ones cannot have expired yet.

Files H-1B transfers

7 transfer filings in the last year, covering 7 workers. Median labor-condition decision: 7 days. An employer that already files transfers is one that can take over an existing H-1B.

Sourced from Department of Labor LCA, PERM and prevailing-wage disclosure data. Employer matching is by name, so figures may be split across an employer's legal entities. Absence of a filing means none appears in our copy of the data, not that none exists.

Community outcomes

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About the role

  • Although students at all levels are welcome to apply, this program is targeted towards rising sophomore and junior students (class of 2028 and 2029) who may not have previously held a software engineering internship.

Requirements

  • Currently pursuing an undergraduate degree in computer science or a related field
  • Real Development Experience: Be embedded on a software development team and participate in the full life cycle of projects from inception to delivery.

Skills

  • This is a 10 to 12-week paid, full-time internship for undergraduate students with a desire to learn and a passion for technology.
  • The Fellowship is a hybrid experience based out of our Chicago office.
  • Lasting Connections:

Compensation

  • $75k-$75k

Company info

  • At CME Group, we embrace our employees' unique experiences and skills to ensure that everyone's perspectives are acknowledged and valued.

Visa & Work Authorization

  • Sponsorship Qualifications:
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This listing is sourced directly from Chicago Mercantile Exchange's careers page and normalized into a canonical job model.