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Associate Quantitative Analyst Jobs in Chicago, IL

Corgi Insurance

Quantitative Associate

Chicago, IL · On-site

$200K - $350K/yr

Build and maintain quantitative models to support pricing, underwriting, forecasting, and business ... Analyze large and complex datasets to identify insurance trends, risks, and opportunities * Partner ...

Bank of America

Sr. Quantitative Finance Analyst

Chicago, IL · On-site

$88K - $109K/yr

This position may also have responsibilities for managing associates. At Bank of America, all ... Incumbents possess excellent quantitative/analytic skills and are able to influence strategic ...

Keybank

Quant Analytics Mgr.

Chicago, IL

Projects undertaken by the Senior Quantitative Analytics Associate are often broad in scope across multiple business segments and involve guiding a team and/or project through providing solutions to ...

DRW

Quantitative Trader - Futures

Chicago, IL · On-site

$150K - $250K/yr

DRW is seeking a Senior Quantitative Trader (Delta One) to join the FICCO options trading business ... Conduct rigorous research, backtesting, and performance attribution analysis * Continuously iterate ...

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All JobsAssociate Quantitative Analyst JobsAssociate Quantitative Analyst Jobs in Chicago, IL

Associate Quantitative Analyst information

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$3.3K

$6.5K

$9.3K

How much do associate quantitative analyst jobs pay per month?

As of Aug 7, 2026, the average monthly pay for associate quantitative analyst in Chicago, IL is $6,480.25, according to ZipRecruiter salary data. Most workers in this role earn between $5,883.33 and $6,908.33 per month, depending on experience, location, and employer.

What are some common challenges an associate quantitative analyst faces when transitioning from academia to industry?

One common challenge for Associate Quantitative Analysts moving from academia to industry is adapting to the fast-paced, results-driven environment where deadlines and business impacts are prioritized over theoretical exploration. Unlike academic research, industry projects often require quick, practical solutions and effective communication with non-technical stakeholders. Additionally, analysts may need to balance multiple projects simultaneously and collaborate closely with teams such as risk management, IT, and trading desks. Developing strong project management and communication skills can help ease this transition.

What is the difference between Associate Quantitative Analyst vs Quantitative Analyst?

AspectAssociate Quantitative AnalystQuantitative Analyst
Required CredentialsBachelor's degree in finance, mathematics, or related field; some roles may require a master'sBachelor's or master's degree in quantitative fields; often more experience required
Work EnvironmentEntry-level position in finance or investment firms, supporting senior analystsMid-level role, involved in developing models and strategies in finance firms
Employer & Industry UsageCommon in asset management, hedge funds, investment banksUsed across similar financial institutions, often as a step toward senior roles

The Associate Quantitative Analyst typically holds an entry-level position with a focus on supporting quantitative teams, while a Quantitative Analyst usually has more experience and takes on more complex modeling tasks. Both roles are essential in financial analysis, but the associate role often serves as a stepping stone to becoming a full Quantitative Analyst.

What are the key skills and qualifications needed to thrive as an associate quantitative analyst?

To thrive as an Associate Quantitative Analyst, you need strong analytical skills, advanced proficiency in mathematics and statistics, and typically a degree in a quantitative field such as mathematics, statistics, finance, or engineering. Familiarity with programming languages like Python or R, experience with statistical modeling tools, and knowledge of data analysis platforms are commonly required. Attention to detail, problem-solving ability, and effective communication skills help you interpret data and collaborate with team members. These skills are crucial for developing accurate models, providing actionable insights, and supporting data-driven decision-making in complex financial environments.

What does an associate quantitative analyst do?

An Associate Quantitative Analyst is responsible for applying mathematical, statistical, and analytical methods to financial and risk management problems. Their tasks often include building financial models, analyzing large datasets, and supporting senior analysts or portfolio managers with data-driven insights. They typically use programming languages like Python, R, or MATLAB to develop algorithms and test investment strategies. Associate Quantitative Analysts play a crucial role in helping organizations make data-informed decisions in areas such as trading, asset management, and risk assessment.
What are the most commonly searched types of Quantitative Analyst jobs in Chicago, IL? The most popular types of Quantitative Analyst jobs in Chicago, IL are:
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What job categories do people searching Associate Quantitative Analyst jobs in Chicago, IL look for? The top searched job categories for Associate Quantitative Analyst jobs in Chicago, IL are:
What cities near Chicago, IL are hiring for Associate Quantitative Analyst jobs? Cities near Chicago, IL with the most Associate Quantitative Analyst job openings:
Associate Quantitative Analyst jobs near you
Infographic showing various Associate Quantitative Analyst job openings in Chicago, IL as of August 2026, with employment types broken down into 1% As Needed, 69% Full Time, 27% Part Time, 1% Temporary, and 2% Contract. Highlights an 97% Physical, 1% Hybrid, and 2% Remote job distribution, with an average salary of $77,763 per year, or $37.4 per hour.

New Grad Full-Time Quantitative Trader

WallStreetQuants

Chicago, IL

Full-time

Posted 23 days ago

Job description

About the Role

A proprietary trading firm based in Chicago is seeking a highly motivated New Grad Quantitative Trader to join the team full-time. In this role, you will apply analytical thinking, market intuition, and quantitative problem-solving to identify trading opportunities, manage risk, and contribute to the development of data-driven strategies across global markets.

This is an ideal opportunity for recent graduates who are passionate about financial markets, probability, game theory, technology, and fast-paced decision-making. You will work closely with experienced traders, quantitative researchers, and engineers to learn how modern trading strategies are designed, tested, and executed.

Requirements

Responsibilities
  • Monitor and analyze real-time market data to identify trading opportunities.
  • Support the development, testing, and refinement of quantitative trading strategies.
  • Make fast, data-informed trading decisions while managing risk.
  • Collaborate with traders, researchers, and engineers to improve trading models, tools, and execution systems.
  • Conduct statistical analysis on historical and live market data.
  • Evaluate market microstructure, liquidity, volatility, and other drivers of price movement.
  • Participate in trading simulations, training programs, and strategy review sessions.
  • Communicate trade ideas, risks, and performance insights clearly to the team.
  • Continuously improve decision-making through feedback, research, and post-trade analysis.
Qualifications
  • Bachelor's, Master's, or PhD degree in Mathematics, Statistics, Computer Science, Engineering, Physics, Economics, Finance, or a related quantitative field.
  • Strong quantitative, analytical, and problem-solving skills.
  • Interest in financial markets, trading, probability, strategy games, or competitive problem-solving.
  • Ability to make decisions quickly and remain calm under pressure.
  • Strong attention to detail and intellectual curiosity.
  • Excellent communication and teamwork skills.
  • Programming experience in Python or a similar language is preferred.
  • Prior internship, research, trading competition, or personal project experience involving data analysis, markets, or quantitative modeling is a plus but not required.
Ideal Candidate

The ideal candidate is intellectually curious, competitive, numerically strong, and comfortable making decisions with incomplete information. You enjoy solving complex problems, thinking strategically, learning from feedback, and working in a fast-moving environment where performance and precision matter.

Benefits

What We Offer
  • Comprehensive training in trading, market structure, risk management, and quantitative strategy development.
  • Mentorship from experienced traders, researchers, and technologists.
  • Exposure to live markets and real-time trading decision-making.
  • A collaborative, high-performance environment that values curiosity, discipline, and continuous learning.
  • Opportunities for rapid growth based on performance, ownership, and impact.
  • Competitive compensation and benefits package.

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