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Entry Level Algorithmic Trading Quant Jobs in Chicago, IL

Eagle Seven

Junior Trader

Chicago, IL · On-site

Executing algorithmic trading strategies in accordance with the trading desk's objectives ... Assisting quantitative traders in performing research for new trading strategies Requirements ...

Scalp Trade LLC

Quantitative Trader

Chicago, IL · On-site

$100K - $150K/yr

Quantitative Trader Full Time Chicago, IL, US 3 days ago Requisition ID: 1009 Salary Range: $100 ... firm's algorithmic trading strategies. You will work with our team of traders and engineers to ...

Virtu Financial

Quantitative Trader

Chicago, IL · On-site

$150K - $200K/yr

... algorithmic trading strategies deployed on electronic trading venues around the world. During an intensive period of mentorship and training in trade floor operations, Quantitative Traders learn the ...

Virtu Financial

Quantitative Trader

Chicago, IL · On-site

$150K - $200K/yr

... algorithmic trading strategies deployed on electronic trading venues around the world. During an intensive period of mentorship and training in trade floor operations, Quantitative Traders learn the ...

Scalp Trade LLC

Quantitative Trader

Chicago, IL · On-site

$100K - $150K/yr

As a quantitative trader at SCALP, your career here will begin with a 6 to 8-week training program ... firm's algorithmic trading strategies. You will work with our team of traders and engineers to ...

Turing

Remote Quantitative Finance Analyst

Chicago, IL · Remote

$100 - $200/hr

You will apply your expertise in quantitative modeling, statistical analysis, algorithmic strategy ... quant trading, quant research, financial engineering, or risk modeling). * Strong grasp of ...

IMC Trading

Software Engineer, Early Career

Chicago, IL · On-site

$200K/yr

... our cutting-edge trading algorithms. You will be responsible for spotting new opportunities ... Collaborate with Traders, Quant Researchers and other Engineers both locally and globally * Develop ...

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All JobsAlgorithmic Trading Quant JobsEntry Level Algorithmic Trading Quant JobsEntry Level Algorithmic Trading Quant Jobs in Chicago, IL

Entry Level Algorithmic Trading Quant information

See Chicago, IL salary details

$54.1K

$122.8K

$202.4K

How much do entry level algorithmic trading quant jobs pay per year?

As of Sep 14, 2026, the average yearly pay for entry level algorithmic trading quant in Chicago, IL is $122,758.00, according to ZipRecruiter salary data. Most workers in this role earn between $80,900.00 and $157,100.00 per year, depending on experience, location, and employer.

What does an entry level algorithmic trading quant do?

An Entry Level Algorithmic Trading Quant is responsible for developing, testing, and implementing mathematical models and computer algorithms to execute trades in financial markets automatically. They analyze large datasets to identify trading opportunities, optimize trading strategies, and manage risks. Typically, they work closely with senior quants, software engineers, and traders to ensure the performance and reliability of trading systems. Their role often includes coding, statistical analysis, and monitoring live trades to ensure algorithms function as intended.

What are the key skills and qualifications needed to thrive as an entry level algorithmic trading quant?

To thrive as an Entry Level Algorithmic Trading Quant, you need strong quantitative skills, programming proficiency (often in Python or C++), and at least a bachelor's degree in a technical field such as mathematics, computer science, or engineering. Familiarity with data analysis tools, financial modeling software, and version control systems like Git is typically required, and knowledge of financial markets or certifications like CFA can be beneficial. Analytical thinking, attention to detail, and effective teamwork are crucial soft skills that set high performers apart. These competencies enable quants to develop robust trading strategies, identify market opportunities, and collaborate efficiently in a high-stakes, fast-paced environment.

What are some common challenges faced by entry level algorithmic trading quants during their first year on the job?

Entry-level algorithmic trading quants often encounter challenges such as adapting to fast-paced environments where quick decision-making and consistent performance are essential. They may need to bridge the gap between academic theory and real-world market behavior, learning to develop, backtest, and refine trading strategies under time constraints. Collaborating with traders, developers, and risk managers is also crucial, requiring strong communication skills to ensure strategies are both technically sound and aligned with business goals. Additionally, staying current with evolving market data and technology platforms is a constant learning curve.

What is the difference between Entry Level Algorithmic Trading Quant vs Quantitative Research Analyst?

AspectEntry Level Algorithmic Trading QuantQuantitative Research Analyst
Required CredentialsBachelor's in Math, CS, or Finance; programming skillsBachelor's or Master's in Math, Stats, or Finance; programming skills
Work EnvironmentTrading firms, hedge funds, financial institutionsResearch labs, financial firms, asset managers
Employer & Industry UsageHigh-frequency trading, algorithmic trading teamsResearch-focused, model development for investments
Comparison Search IntentYesYes

Entry Level Algorithmic Trading Quants focus on developing trading algorithms used in live markets, often working directly with trading desks. Quantitative Research Analysts primarily conduct research to develop models and strategies that inform investment decisions. While both roles require strong quantitative skills and programming knowledge, the Trading Quant emphasizes implementation in trading environments, whereas the Research Analyst emphasizes model development and analysis.

What are the most commonly searched types of Algorithmic Trading Quant jobs in Chicago, IL?

The most popular types of Algorithmic Trading Quant jobs in Chicago, IL are:

What are popular job titles related to Entry Level Algorithmic Trading Quant jobs in Chicago, IL?

For Entry Level Algorithmic Trading Quant jobs in Chicago, IL, the most frequently searched job titles are:

What job categories do people searching Entry Level Algorithmic Trading Quant jobs in Chicago, IL look for?

The top searched job categories for Entry Level Algorithmic Trading Quant jobs in Chicago, IL are:

Entry Level Algorithmic Trading Quant jobs near you
Infographic showing various Entry Level Algorithmic Trading Quant job openings in Chicago, IL as of September 2026, with employment types broken down into 100% Full Time. Highlights an 100% In-person job distribution, with an average salary of $122,758 per year, or $59 per hour.

Graduate Quantitative Researcher (PhD)

Chicago, IL • On-site

Trading Interview
See more jobs at Trading Interviewexternal

Other

PTO

Posted 13 days ago

Key responsibilities

  • Apply analytical and quantitative techniques to solve complex problems.

  • Build custom tools to explore new research ideas.

  • Design, implement, and deploy mathematical models into production.

Job description

As a Quantitative Researcher at IMC, your work will directly impact our global trading strategies. You will leverage your superior analytical, mathematical, and computing skills to improve existing models and develop new ones. We will empower you to discover your unique niche and excel, taking on responsibility and ownership from the start. Quantitative Researchers work closely Traders and Developers in an environment where problem solving, innovation and teamwork are recognized and rewarded.

Your Core Responsibilities:
  • Apply rigorous analytical and quantitative techniques to solve complex problems
  • Build custom tools to explore new research ideas
  • Design mathematical models based upon trading ideas
  • Implement and deploy new models into production
  • Maintain best practices to keep our systems logical and consistent
Your Skills and Experience:
  • Current university student graduating between September 2026 – July 2027 that is pursuing a PhD degree in Mathematics, Engineering, Statistics, Physics, Computer Science, or another highly quantitative field
  • Has a passion for research and problem solving
  • Approaches data analysis with rigorous thought processes and strong intuition
  • Is a creative thinker who is driven and eager to solve challenging problems collaboratively
  • Proficiency in a programming language (Python, C, C++, etc) is highly desired
  • Must be available for full-time employment starting in February or August 2027

You may submit one application per role each year. We strongly encourage you to focus on applying to a single role that best matches your skills and interests. Though you may apply to multiple roles, please note that each application will be evaluated based on the specific criteria established for that particular role. If you have already applied for this position during the current recruitment season and were not selected, you may reapply when the next recruitment season begins in 2027.

The Base Salary range for the role is included below. Base salary is only one component of total compensation; all full-time, permanent positions are eligible for a discretionary bonus and benefits, including paid leave and insurance. Please visit Benefits - US | IMC Trading for more comprehensive information.

About Us

IMC is a global trading firm powered by a cutting-edge research environment and a world-class technology backbone. Since 1989, we’ve been a stabilizing force in financial markets, providing essential liquidity upon which market participants depend. Across our offices in the US, Europe, Asia Pacific, and India, our talented quant researchers, engineers, traders, and business operations professionals are united by our uniquely collaborative, high-performance culture, and our commitment to giving back. From entering dynamic new markets to embracing disruptive technologies, and from developing an innovative research environment to diversifying our trading strategies, we dare to continuously innovate and collaborate to succeed.

For three decades IMC has provided liquidity to the financial markets globally. Specialised in algorithmic trading and advanced technology, we set the pace for the evolution of market making. Cutting-edge…

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