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Associate Quantitative Analyst Jobs in Chicago, IL

Scalp Trade LLC

Quantitative Trader

Chicago, IL · On-site

$100 - $150/hr

Quantitative Trader Full Time Chicago, IL, US 3 days ago Requisition ID: 1009 Salary Range: $100 ... We are hiring smart, competitive, and highly analytical individuals. The ideal candidate would have ...

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 ...

Trading Interview

Quantitative Trader - Futures

Chicago, IL · On-site

$180 - $350/hr

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 ...

P2P

Quantitative Trader - Futures

Chicago, IL · On-site

$150 - $250/hr

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 ...

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 ...

Trading Interview

Junior Quantitative Trader

Chicago, IL · On-site

$70 - $100/hr

Description Our Quantitative Traders are passionate about improving the global economy by ... Learn and analyze real-time trades * Research and improve upon trading strategies Requirements

New

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 ...

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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 Sep 2, 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 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 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 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 most commonly searched types of Quantitative Analyst jobs in Chicago, IL?

The most popular types of Quantitative Analyst jobs in Chicago, IL are:

What are popular job titles related to Associate Quantitative Analyst jobs in Chicago, IL?

For Associate Quantitative Analyst jobs in Chicago, IL, the most frequently searched job titles are:

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, 72% Full Time, 25% Part Time, 1% Temporary, and 1% Contract. Highlights an 95% Physical, 2% Hybrid, and 3% Remote job distribution, with an average salary of $77,763 per year, or $37.4 per hour.

Quantitative Trader

Scalp Trade LLC

Chicago, IL • On-site

$100 - $150/hr

Other

Posted 15 days ago

Job description

If you are unable to complete this application due to a disability, contact this employer to ask for an accommodation or an alternative application process.

Quantitative Trader

Full Time Chicago, IL, US

3 days ago Requisition ID: 1009

Salary Range: $100,000.00 To $150,000.00 Annually

SCALP Trade is looking for recent graduates to join our rapidly growing trading team in Chicago. We are hiring smart, competitive, and highly analytical individuals. The ideal candidate would have strong accomplishments in areas outside of trading, yet come in with an open mind and a passion for financial markets. We're looking for someone who not only has great ideas but can execute and turn those ideas into tangible results.

As a quantitative trader at SCALP, your career here will begin with a 6 to 8-week training program where you will learn all of the fundamentals of options theory in the classroom while getting live trading experience on the desk. Once your training is completed, you will join the automated trading team and participate in all aspects of the firm’s algorithmic trading strategies. You will work with our team of traders and engineers to improve and optimize current strategies while leveraging your knowledge to develop new strategies. From the beginning, your input and decisions will positively impact the firm’s strategies and direction. As you grow into the position, your achievements will present the opportunity for more responsibility and success in your career at SCALP Trade.

SCALP's primary focus is trading equities, equity options, and futures. We aim to better the market through tighter spreads and providing liquidity to all market participants. We operate on the premise of the market, meaning that we believe in the creation of jobs and capital formation through a well-regulated capital market structure. This belief helps to drive our design, implementation, and execution of our trading decisions.

The SCALP Trade team is built on the foundation of collaboration, diversity, and innovation. We value critical thinkers who are adept at deep problem-solving and can endure a fast-paced environment. We embrace individuals with grit, self-motivation, and those with the desire to experience and tackle the most difficult obstacles.

Requirements:

Be a final-year student seeking full-time employment upon graduation (minimum of a Bachelor’s)

Degree in mathematics, engineering, statistics, economics, finance, or other relevant fields.

Experience in strategic games/competitive activities or a high level of skill in other pursuits

Demonstrated interest in trading and/or equity markets

Strong quantitative, analytical, and logical reasoning skills

Entrepreneurial mindset with a willingness to solve complex problems

Coding background. Specifically: Python, C#, C++, or SQL.

Ability to work and communicate effectively in a team environment

Desire to constantly grow and improve one’s knowledge and abilities

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