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Entry Level Algorithmic Trading Quant Jobs in Chicago, IL

DRW

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 ...

Akuna Capital

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 ...

Maven

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 ...

Maven

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 ...

IMC

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 ...

IMC

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 ...

IMC Trading

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 ...

IMC

Software Engineer, Early Career

Chicago, IL

$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 ...

IMC B.V.

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 ...

New

Akuna Capital

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 ...

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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 Aug 8, 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 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 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 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 August 2026, with employment types broken down into 89% Full Time, 7% Part Time, and 4% Contract. Highlights an 86% Physical, 5% Hybrid, and 9% Remote job distribution, with an average salary of $122,758 per year, or $59 per hour.

FPGA Developer

DRW

Chicago, IL • On-site

$225K/yr

Full-time

Medical, Dental, Vision, Life, Retirement

Posted 25 days ago

Job description

Our formula for success is simple: hire exceptional talent, empower bold thinking, and reward performance that drives impact.
As an FPGADeveloper at DRW, you will be an integral member of a dynamic team of technologists, quantitative researchers, and traders. Collaborating closely, you will contribute across the full technology stack tackling complex problems that require careful analysis and swift execution.
We're looking for individuals who are eager to learn, think critically, and deliver solutions that drive tangible impact. From day one, you will be entrusted with meaningful responsibility, supported by mentorship from experienced engineers, and participate in a rigorous training program designed to accelerate your growth in this role.
At DRW, you'll thrive in a fast-paced, collaborative environment that values innovation, adaptability, and excellence-providing the tools and opportunities to make a direct difference.
How You Will Make an Impact:
You will design, develop, test, and deploy proprietary software that powers fundamental aspects of our business, such as:
  • Design, develop, test and deploy proprietary software including:
    • Ultra-low-latency trading strategies
    • Complex algorithmic trading systems
    • Low level optimizations for data processing
    • Fully automated trading strategies
    • Adapters for exchange protocols
    • Robust inter application communication mechanisms
  • Analyze and tune system performance
  • Collaborate with experienced teammates to learn and implement bespoke solutions that balance speed, features, and cost to improve our technology stack

What You Bring to the Team:
You'll join us with a strong technical foundation and the ability to collaborate effectively. Specifically, you bring:
  • A degree in Electrical Engineering, Computer Engineering, Computer Science, Physics, Mathematics, or a related engineering discipline, with graduation expected between December 2026 and June 2027 (Bachelor's, Master's, or PhD)
  • Proficiency in modern System Verilog, Verilog or VHDL and C, C++ or Python
  • Skills in data processing and algorithm development in RTL
  • A strong grasp of data structures, and algorithms
  • Solid programming fundamentals paired with clear logical thinking and effective communication
  • The ability to clearly articulate and advocate for your ideas within a collaborative team environment

DRW is a diversified trading firm with over three decades of experience bringing together sophisticated technology and exceptional talent to operate in markets around the world. We trade using our own capital and at our own risk, giving us the autonomy to move quickly and adapt to new opportunities.
Headquartered in Chicago, with offices across the U.S., Canada, Europe, and Asia, we participate in a broad range of asset classes, including fixed income, ETFs, equities, FX, commodities, and energy-trading across all major global markets. Beyond traditional trading, we've extended our expertise into real estate, venture capital, and cryptoassets.
At DRW, we value respect, curiosity, and open-mindedness. We believe that how we work is just as important as what we do. Our culture is defined by high expectations, integrity, innovation, and a willingness to challenge the status quo.
The annual base salary for this position is $225,000 depending on the candidate's experience, qualifications, and relevant skill set. The position is also eligible for an annual discretionary bonus. In addition, DRW offers a comprehensive suite of employee benefits including group medical, pharmacy, dental and vision insurance, 401k (with discretionary employer match), short and long-term disability, life and AD&D insurance, health savings accounts, and flexible spending accounts.
For more information about DRW's processing activities and our use of job applicants' data, please view our Privacy Notice at https://drw.com/privacy-notice.
California residents, please review the California Privacy Notice for information about certain legal rights at https://drw.com/california-privacy-notice.
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