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Associate Quantitative Analyst Jobs in Chicago, IL

Bank of America

Sr. Quantitative Finance Manager

Chicago, IL · On-site

$112K - $153K/yr

Leads and provides methodological, analytical, and technical guidance to effectively challenge and ... This position may also have responsibilities for managing associates. At Bank of America, all ...

Walgreens

Senior Financial Analyst

Deerfield, IL · On-site

$79K - $127K/yr

Provides guidance and training to associate analysts and analysts on financial modeling, data ... quantitative analysis or economics. * Experience with financial analysis, financial modeling ...

Walgreens

Senior Financial Analyst

Deerfield, IL · On-site

$79K - $127K/yr

Provides guidance and training to associate analysts and analysts on financial modeling, data ... quantitative analysis or economics. * Experience with financial analysis, financial modeling ...

Walgreens

Senior Financial Analyst

Deerfield, IL · On-site

$79K - $127K/yr

Provides guidance and training to associate analysts and analysts on financial modeling, data ... quantitative analysis or economics. * Experience with financial analysis, financial modeling ...

Lockton Companies

Senior Financial Analyst

Chicago, IL

$88K - $109K/yr

... and associates at all levels of responsibility Excellent quantitative, analytical, and problem-solving skills Ability to work independently under the supervision or guidance of others Strong ...

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Showing results 21-40

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

Associate Quantitative Analyst information

See Chicago, IL salary details

$3.3K

$6.5K

$9.3K

How much do associate quantitative analyst jobs pay per month?

As of Aug 8, 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.

Junior Quantitative Trader

TransMarket Group

Chicago, IL • On-site

Full-time

Re-posted 18 days ago

Job description

Who We Are

Founded in 1980 as Aardvark Financial, TransMarket Group (TMG) is a privately held global markets proprietary trading firm in Chicago. We use next-generation technology to capture opportunities around the world and manage risk in financial markets. Our mission is to bless others through the services we provide and through the generous stewardship of the wealth we create.

TMG is a well-established and profitable business as a respected member of the global financial system for over 40 years, but also is like a startup because the potential of our group is at least one order of magnitude greater than what we are currently producing. We have an entrepreneurial culture and collaboratively develop our business with patience and discipline; we work hard, learn constantly, and relentlessly improve our expertise.

Description

Our Quantitative Traders are passionate about improving the global economy by facilitating risk transfer and restoring order to prices. At TransMarket Group, you will be called on to work with teammates to eliminate inefficiencies and manage risk in the world's financial markets.

As a Junior Trader, you will gain early exposure to real time trading in order to develop situational awareness and a deep understanding of the market. In collaboration with Senior Traders and development through our formalized education program, you will have the scope to utilize risk management and strategic thinking skills to guide trades and explore new trading opportunities. The ideal candidate is intellectually curious, strives for continual improvement, has a disciplined appetite for risk, and is dedicated to mastering their market.

Responsibilities

  • Partner with Senior Traders to assist in and learn all facets of trading
  • Develop expertise in relative value market fundamentals, quantitative modeling, and risk management
  • Build and maintain quantitative model tools and analytics
  • Manage real-time execution of semi-automated trading system
  • Learn and analyze real-time trades
  • Research and improve upon trading strategies

Requirements

  • Bachelor's, Master's, or Doctorate degree in a technical or industry related field such as, but not limited to, mathematics, statistics or mathematical finance with a graduation date between December 2026 and Spring 2027
  • Required coursework: Differential Equations, Linear Algebra, Multivariable Calculus, Probability or Advanced Statistics
  • Minimum major GPA of 3.5/4 or equivalent scale
  • Proficiency in Python required and some experience with C++ and other computer programming languages preferred
  • Demonstrated passion for markets, finance, and trading such as, but not limited to personal trading, participation in trading competitions, attendance at firm discover days, industry related student groups or clubs and/or prior internship experience preferred
  • Deep understanding of finance, math, and statistics
  • Attention to detail and the ability to make sound judgments under pressure
  • Strong work ethic and willingness to do what it takes to get the job done
  • Ability to work in a fast paced and collaborative environment
  • This position requires physical presence and is onsite at our office in Chicago, IL

View our resources to help prepare for the interview process.

Benefits

We offer one of the most generous profit sharing programs in the industry because we believe our employees should be able to take part in our rapid growth and success. We are proud to offer more world-class benefits for our full-time employees and their families.

TransMarket Group is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, gender, sexual orientation, gender identity or expression, religion, national origin, marital status, age, disability, veteran status, genetic information, or any other protected status.