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Algorithm Jobs in Illinois (NOW HIRING)

IMC

Quantitative Researcher - Options

Chicago, IL · On-site

Collaborate with the trading and quantitative research team to evaluate existing algorithms * Combine knowledge of systems, mathematical techniques and trading to identify the best places to improve ...

DRW

Research Engineer (FICCO)

Chicago, IL · On-site

As a Research Engineer, you will work closely with a systematic trading team to implement research studies, develop algorithms, and design software for trading strategy simulations. Responsibilities ...

Quanta Search

Research Developer (C++)

Chicago, IL · On-site

$50.50 - $68/hr

As a Research Developer, you'll join a dynamic algorithmic Chicago based trading team, addressing complex tech issues and contributing to our diverse tech stack. We're on the lookout for innovative ...

Northern Trust

Sr. Data Scientist

Chicago, IL · On-site

... many algorithms across supervised learning, unsupervised learning and time series analysis • Propose and develop machine learning ensemble methods that exhibit the best out-of-sample ...

Quanta Search

Research Developer (C++)

Chicago, IL

$50.50 - $68/hr

As a Research Developer, you'll join a dynamic algorithmic Chicago based trading team, addressing complex tech issues and contributing to our diverse tech stack. We're on the lookout for innovative ...

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All JobsAlgorithm JobsAlgorithm Jobs in Illinois

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How much do algorithm jobs pay per hour?

As of Jun 19, 2026, the average hourly pay for algorithm in Illinois is $76.06, according to ZipRecruiter salary data. Most workers in this role earn between $64.76 and $86.20 per hour, depending on experience, location, and employer.

What jobs pay 500,000 a year in the US?

High-paying roles for algorithms or related fields often include senior software engineers, machine learning engineers, and data science directors, especially in large tech companies or finance firms. These positions typically require advanced skills, extensive experience, and often involve leadership responsibilities or specialized expertise in areas like artificial intelligence or quantitative analysis.

What are the key skills and qualifications needed to thrive in the Algorithm position, and why are they important?

To excel as an Algorithm Engineer, you typically need a strong background in computer science, mathematics, and programming languages such as Python, C++, or Java, often supported by a relevant degree. Familiarity with algorithms and data structures, version control systems like Git, and experience with technical tools such as MATLAB or TensorFlow are highly valued. Analytical thinking, problem-solving abilities, and effective communication skills are crucial soft skills for this position. These competencies are essential to create efficient algorithms, collaborate across teams, and drive innovation in computational solutions.

What is an Algorithm job?

An Algorithm job typically involves designing, analyzing, and optimizing algorithms to solve complex problems efficiently. Professionals in this role work in fields like computer science, data science, artificial intelligence, and software development. They create algorithms for tasks such as data processing, machine learning, search optimization, and automation. Strong mathematical and programming skills are essential, along with knowledge of algorithmic complexity and data structures.

What jobs pay 2000 a day?

High-paying jobs that can earn around $2,000 a day typically include specialized roles such as senior software engineers, data scientists, management consultants, and certain medical professionals like surgeons. These positions often require advanced skills, extensive experience, and sometimes certifications, and may involve consulting, contract work, or high-demand industries.

What jobs pay $10,000 a month without a degree?

In the field of algorithms and related tech roles, high-paying positions such as software developers, data scientists, and machine learning engineers can earn $10,000 or more monthly, often requiring strong programming skills, experience, and sometimes certifications. Many of these roles are available through self-education, online courses, and practical experience, with remote work options increasing accessibility for those without formal degrees.

What are typical projects or tasks that an Algorithm Engineer works on?

As an Algorithm Engineer, you might work on developing and optimizing algorithms for tasks like data analysis, machine learning, computer vision, or operations research, depending on the industry. Daily responsibilities often include writing and testing code, analyzing performance bottlenecks, and collaborating with data scientists, product managers, or software engineers to integrate algorithms into production systems. You may also be involved in researching new techniques, reviewing technical literature, and presenting your findings to technical and non-technical audiences. This role often requires balancing creative problem-solving with practical implementation and continuous improvement.

What careers use algorithms?

Algorithms are fundamental to many careers in computer science, data analysis, software engineering, artificial intelligence, and cybersecurity. Professionals in these fields develop, analyze, and implement algorithms to solve complex problems, optimize processes, and improve system performance, often using programming languages and tools like Python, Java, or MATLAB.
What are the most commonly searched types of Algorithm jobs in Illinois? The most popular types of Algorithm jobs in Illinois are:
What are popular job titles related to Algorithm jobs in Illinois? For Algorithm jobs in Illinois, the most frequently searched job titles are:
What job categories do people searching Algorithm jobs in Illinois look for? The top searched job categories for Algorithm jobs in Illinois are:
Algorithm jobs near you
Infographic showing various Algorithm job openings in Illinois as of June 2026, with employment types broken down into 12% Locum Tenens, 66% Full Time, 20% Part Time, and 2% Contract. Highlights an 80% Physical, 2% Hybrid, and 18% Remote job distribution, with an average salary of $158,207 per year, or $76.1 per hour.

Quantitative Researcher - Options

IMC

Chicago, IL • On-site

Other

Posted 23 days ago

Job description

IMC Trading is seeking a Senior Quantitative Researcher to join the options quant team. You will join the team as a senior member with the expectation of leading projects and mentoring juniors. Skills and responsibilities listed below.

Your Core Responsibilities:

  • Collaborate with the trading and quantitative research team to evaluate existing algorithms
  • Combine knowledge of systems, mathematical techniques and trading to identify the best places to improve our trading system
  • Rapidly research, test, and prototype new algorithmic ideas, preferably with Python.
  • See through the high-quality implementation of ideas to full-scale production trading.
  • Mentor graduate quantitative researchers

Your Skills and Experience:

  • Ms or PhD in a highly quantitative field
  • At least 5 years in financial services or a quantitative environment
  • Experience in project or people management
  • Strong programming skills, Python, Java or C++ preferred
  • Proven success in quantitative modelling and algorithm development
  • You have experience with options pricing

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