As a Quant Trader, you will be part of highly motivated team facing the daily challenge of managing ... Develop, maintain, and improve trading strategies and algorithms * Solve complex problems to make a ...
As a Quant Trader, you will be part of highly motivated team facing the daily challenge of managing ... Develop, maintain, and improve trading strategies and algorithms * Solve complex problems to make a ...
Graduate Quantitative Trader
Chicago, IL · On-site
$250K/yr
As a Quant Trader, you will be part of highly motivated team facing the daily challenge of managing ... Develop, maintain, and improve trading strategies and algorithms * Solve complex problems to make a ...
Graduate Quantitative Trader
Chicago, IL · On-site
$250K/yr
As a Quant Trader, you will be part of highly motivated team facing the daily challenge of managing ... Develop, maintain, and improve trading strategies and algorithms * Solve complex problems to make a ...
Junior Quantitative Researcher
Chicago, IL · On-site
$145K/yr
Develop trading strategies using statistical and machine learning algorithms. * Design and implement optimization algorithms for portfolio construction. * Develop quantitative models describing ...
Junior Quantitative Researcher
Chicago, IL · On-site
$145K/yr
Develop trading strategies using statistical and machine learning algorithms. * Design and implement optimization algorithms for portfolio construction. * Develop quantitative models describing ...
Develop trading strategies using statistical and machine learning algorithms. * Design and implement optimization algorithms for portfolio construction. * Develop quantitative models describing ...
Develop trading strategies using statistical and machine learning algorithms. * Design and implement optimization algorithms for portfolio construction. * Develop quantitative models describing ...
FPGA Developer
Chicago, IL · On-site
$225K/yr
... quantitative researchers, and traders. Collaborating closely, you will contribute across the full ... Ultra-low-latency trading strategies * Complex algorithmic trading systems * Low level ...
FPGA Developer
Chicago, IL · On-site
$225K/yr
... quantitative researchers, and traders. Collaborating closely, you will contribute across the full ... Ultra-low-latency trading strategies * Complex algorithmic trading systems * Low level ...
Quantitative Research Intern (PhD) - Summer 2027
Chicago, IL · On-site
$250K/yr
... market making, algorithm complexity and trades analysis. We provide a highly competitive ... Team up with Quant Researchers to work on real projects that have potential to impact our business
Quantitative Research Intern (PhD) - Summer 2027
Chicago, IL · On-site
$250K/yr
... market making, algorithm complexity and trades analysis. We provide a highly competitive ... Team up with Quant Researchers to work on real projects that have potential to impact our business
Quantitative Research Intern PhD Summer 2027
Chicago, IL · On-site
$250K/yr
... market making, algorithm complexity and trades analysis. We provide a highly competitive ... Team up with Quant Researchers to work on real projects that have potential to impact our business
Quantitative Research Intern PhD Summer 2027
Chicago, IL · On-site
$250K/yr
... market making, algorithm complexity and trades analysis. We provide a highly competitive ... Team up with Quant Researchers to work on real projects that have potential to impact our business
Graduate Quant Researcher 2027 - Chicago
Chicago, IL · Hybrid
$150K - $175K/yr
Design, evaluate and continuously improve our automated trading algorithms * Build quantitative pricing models, for example American Option Pricing and Volatility Modeling * Research and analyze ...
Graduate Quant Researcher 2027 - Chicago
Chicago, IL · Hybrid
$150K - $175K/yr
Design, evaluate and continuously improve our automated trading algorithms * Build quantitative pricing models, for example American Option Pricing and Volatility Modeling * Research and analyze ...
Graduate Quant Researcher 2027 - Chicago
Chicago, IL · On-site
$150K - $175K/yr
Design, evaluate and continuously improve our automated trading algorithms * Build quantitative pricing models, for example American Option Pricing and Volatility Modeling * Research and analyze ...
Graduate Quant Researcher 2027 - Chicago
Chicago, IL · On-site
$150K - $175K/yr
Design, evaluate and continuously improve our automated trading algorithms * Build quantitative pricing models, for example American Option Pricing and Volatility Modeling * Research and analyze ...
Quantitative Research Intern (BS/MS) - Summer 2027
Chicago, IL · On-site
$250K/yr
... market making, algorithm complexity and trades analysis. We provide a highly competitive ... Team up with Quant Researchers to work on real projects that have potential to impact our business
Quantitative Research Intern (BS/MS) - Summer 2027
Chicago, IL · On-site
$250K/yr
... market making, algorithm complexity and trades analysis. We provide a highly competitive ... Team up with Quant Researchers to work on real projects that have potential to impact our business
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 ...
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 ...
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 ...
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 ...
Machine Learning Researcher
Chicago, IL · On-site
... new algorithmic ideas; deploy advanced ML techniques applicable to market prediction, signal generation, and portfolio optimization • Collaborate with quantitative traders, researchers, and ...
Machine Learning Researcher
Chicago, IL · On-site
... new algorithmic ideas; deploy advanced ML techniques applicable to market prediction, signal generation, and portfolio optimization • Collaborate with quantitative traders, researchers, and ...
... 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 ...
... 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 ...
Quantitative Researcher (Fixed Income)
$175K - $250K/yr
About the Position Old Mission Capital, a global quantitative proprietary trading firm, is ... algorithms with a focus on US Credit. * Must have experience with credit pricing, credit curve ...
Quantitative Researcher (Fixed Income)
$175K - $250K/yr
About the Position Old Mission Capital, a global quantitative proprietary trading firm, is ... algorithms with a focus on US Credit. * Must have experience with credit pricing, credit curve ...
Software Engineer - Trading Systems
Chicago, IL · On-site
$100K - $140K/yr
You'll work closely with experienced engineers, quantitative researchers, and traders to build ... Solid understanding of algorithms and data structures * Exposure to multi-threaded or concurrent ...
Software Engineer - Trading Systems
Chicago, IL · On-site
$100K - $140K/yr
You'll work closely with experienced engineers, quantitative researchers, and traders to build ... Solid understanding of algorithms and data structures * Exposure to multi-threaded or concurrent ...
Quantitative Research Intern
Chicago, IL · On-site
$130K/yr
Develop trading strategies using statistical and machine learning algorithms. * Design and implement optimization algorithms for portfolio construction. * Develop quantitative models describing ...
Quantitative Research Intern
Chicago, IL · On-site
$130K/yr
Develop trading strategies using statistical and machine learning algorithms. * Design and implement optimization algorithms for portfolio construction. * Develop quantitative models describing ...
Graduate Software Engineer
Chicago, IL · On-site
$180 - $220/hr
... trading algorithms. You will be responsible for spotting new opportunities, solving problems and ... Collaborate with Traders, Quant Researchers and other Engineers both locally and globally * Develop ...
Graduate Software Engineer
Chicago, IL · On-site
$180 - $220/hr
... trading algorithms. You will be responsible for spotting new opportunities, solving problems and ... Collaborate with Traders, Quant Researchers and other Engineers both locally and globally * Develop ...
Senior Quantitative Developer
Chicago, IL · On-site
$180K - $225K/yr
... trading algorithms. This is a hands-on engineering role: you own the architecture, the concurrency design, the performance, the deployment, and the debugging. The theory matters -- but we are hiring ...
Quick apply
Senior Quantitative Developer
Chicago, IL · On-site
$180K - $225K/yr
... trading algorithms. This is a hands-on engineering role: you own the architecture, the concurrency design, the performance, the deployment, and the debugging. The theory matters -- but we are hiring ...
Quantitative Technologist
Chicago, IL · On-site
As a Quantitative Technologist, your goal is to enhance live trading systems, research ... Understanding of data structures, algorithmic complexities, and numerical algorithms * Systems ...
Quantitative Technologist
Chicago, IL · On-site
As a Quantitative Technologist, your goal is to enhance live trading systems, research ... Understanding of data structures, algorithmic complexities, and numerical algorithms * Systems ...
Entry Level Algorithmic Trading Quant information
See Chicago, IL salary details
$54.1K - $67.6K
4% of jobs
$67.6K - $81.1K
17% of jobs
$83K is the 25th percentile. Wages below this are outliers.
$81.1K - $94.5K
29% of jobs
$94.5K - $108K
0% of jobs
$108K - $121.5K
2% of jobs
$121.5K - $135K
7% of jobs
$135K - $148.5K
7% of jobs
$155.7K is the 75th percentile. Wages above this are outliers.
$148.5K - $162K
16% of jobs
$162K - $175.5K
7% of jobs
$175.5K - $188.9K
5% of jobs
$188.9K - $202.4K
5% of jobs
$54.1K
$122.8K
$202.4K
How much do entry level algorithmic trading quant jobs pay per year?
As of Aug 18, 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?
| Aspect | Entry Level Algorithmic Trading Quant | Quantitative Research Analyst |
|---|---|---|
| Required Credentials | Bachelor's in Math, CS, or Finance; programming skills | Bachelor's or Master's in Math, Stats, or Finance; programming skills |
| Work Environment | Trading firms, hedge funds, financial institutions | Research labs, financial firms, asset managers |
| Employer & Industry Usage | High-frequency trading, algorithmic trading teams | Research-focused, model development for investments |
| Comparison Search Intent | Yes | Yes |
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:
Job description
IMC is looking for talented and passionate Quant Traders to play a critical role in trading a wide range of financial instruments in a fast-paced, dynamic environment. As a Quant Trader, you will be part of highly motivated team facing the daily challenge of managing the execution and risk of complex trading portfolios. In this role you will work closely with IMC's researchers, developers and engineers in an environment that values problem solving, innovation, and teamwork. You will have the support of a mentor and the freedom to find your niche and excel. We have start dates in February and August 2027.
Your Core Responsibilities:
- Engage in immersive, practical training to quickly acquire the skills needed to be successful on a trading desk
- Develop, maintain, and improve trading strategies and algorithms
- Solve complex problems to make a positive impact on the business
- Find a competitive edge to drive results in the market while collaborating effectively with fellow IMC Traders
Your Skills and Experience:
- Current university student graduating between September 2026 and July 2027 that is pursuing a degree in a quantitative field of study (e.g. Mathematics, Physics, Computer Science or Economics)
- Strong analytical thinking skills
- A desire to learn and solve complex problems
- Thrives and is able to make decisions in a fast-paced environment
- A team player with a proactive, self-driven attitude
- Experience in a programming language is a plus (e.g. Python, Matlab or R)
- Interest in Financial Markets; previous knowledge is NOT required
- 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.
Base Salary: $250,000