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Entry Level Algorithmic Trading Jobs in Boston, MA

Entry Level Algorithmic Trading information

See Boston, MA salary details

$16

$24

$31

How much do entry level algorithmic trading jobs pay per hour?

As of Jul 3, 2026, the average hourly pay for entry level algorithmic trading in Boston, MA is $24.42, according to ZipRecruiter salary data. Most workers in this role earn between $21.15 and $26.88 per hour, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive as an Entry Level Algorithmic Trader, and why are they important?

To thrive as an Entry Level Algorithmic Trader, you need a solid understanding of quantitative analysis, statistics, and programming, often backed by a degree in finance, math, computer science, or a related field. Familiarity with programming languages like Python or C++, trading platforms, and market data systems is typically required. Strong problem-solving abilities, attention to detail, and the capacity to work under pressure are standout soft skills. These skills and qualities are crucial for developing, testing, and executing trading strategies efficiently and accurately in fast-paced financial markets.

What is an entry level algorithmic trading job?

An entry level algorithmic trading job typically involves helping to design, implement, and test automated trading strategies that buy and sell financial instruments in markets based on pre-defined algorithms. Professionals in this role usually work with programming languages such as Python or C++, analyze market data, and collaborate with quantitative analysts or senior traders. Entry-level positions often focus on supporting the development process, monitoring trading systems, and troubleshooting issues. These roles provide an excellent starting point for those interested in finance and technology, offering exposure to both financial markets and advanced programming.

What are some common challenges faced by entry-level algorithmic traders, and how can they be overcome?

Entry-level algorithmic traders often encounter challenges such as understanding complex market data, adapting to fast-paced environments, and debugging trading algorithms under time constraints. Collaborating closely with more experienced traders and developers, regularly reviewing code, and participating in knowledge-sharing sessions can help overcome these hurdles. Continuous learning and hands-on practice are crucial to building the confidence and technical proficiency needed to succeed in this dynamic field.
What are popular job titles related to Entry Level Algorithmic Trading jobs in Boston, MA? For Entry Level Algorithmic Trading jobs in Boston, MA, the most frequently searched job titles are:
What job categories do people searching Entry Level Algorithmic Trading jobs in Boston, MA look for? The top searched job categories for Entry Level Algorithmic Trading jobs in Boston, MA are:
Full Stack Software Engineer, Officer

Full Stack Software Engineer, Officer

State Street Corporation

Burlington, MA • On-site

$70K - $118K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 7 days ago


Job description

Be an integral part of an agile organization and contribute to the development of one or more CRD/Alpha Platform modules.
Join the Fixed Income Trading engineering team building full-stack features that power trading of the fixed income instruments in the Charles River Investment Management System (CRIMS).
In this entry-level role, you will design and implement APIs and web UIs, contribute to code reviews and test automation, and learn how to ship reliable software in a collaborative Agile team.
As the company migrates to a scalable cloud-based architecture, you will gain exposure to technologies such as Azure, React, Spring Boot, Docker, Kubernetes, Kafka, event-driven architecture, and microservices.
What you will be responsible for
  • Under modest supervision, design, develop, test, and debug features and services that support Fixed Income trading workflows, including modifications to core frameworks and other primary facilities critical to system operation
  • Implement and maintain backend APIs and web UI components using Java, JavaScript/TypeScript, React, SQL, and related technologies
  • Create and maintain automated tests (unit, integration, and UI where applicable) and support release quality through targeted manual verification when needed
  • Participate in peer code reviews and incorporate feedback to improve quality, readability, and maintainability
  • Contribute to the Agile delivery process (standups, planning, refinement, retrospectives) by providing estimates, status, and raising risks early

What we value
These skills will help you succeed in this role
  • 0-2 years of professional software engineering experience (internships/co-ops count)
  • Required: Proficiency in Java or JavaScript, plus strong fundamentals in data structures, algorithms, and relational databases (SQL)
  • Preferred: Web UI development (React), API development (Spring Boot), containerization/orchestration (Docker, Kubernetes)
  • Able to deliver small-to-medium scoped work items with moderate supervision
  • Effective written and verbal communication skills
  • Able to work well with peers in a collaborative team environment

Education & Preferred Qualifications
  • B.S. or master's degree in computer science, Engineering, Mathematics, and Physics or other technical course of study
  • Interest and passion about building high quality software in FinTech space
  • Ideally, you already have initial experience with Java, and have some knowledge of C#
  • You are familiar with concepts such as DevOps, continuous delivery, clean code, TDD and agile methods
  • You are eager to learn and challenge status quo and are characterized by a very analytical and solution-oriented way of thinking

Salary Range:
$70,000 - $118,750 Annual
The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.
Employees are eligible to participate in State Street's comprehensive benefits program, which includes: our retirement savings plan (401K) with company match; insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages; paid-time off including vacation, sick leave, short term disability, and family care responsibilities; access to our Employee Assistance Program; incentive compensation including eligibility for annual performance-based awards (excluding certain sales roles subject to sales incentive plans); and, eligibility for certain tax advantaged savings plans.
For a full overview, visit https://hrportal.ehr.com/statestreet/Home.
About State Street
Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.
We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you'll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.
As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.
Discover more information on jobs at StateStreet.com/careers
Read our CEO Statement
Job Application Disclosure:
It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.

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About State Street

Sourced by ZipRecruiter

State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we're making our mark on the financial services industry. For more than two centuries, we've been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.

Industry

Finance and insurance

Company size

10,000+ Employees

Headquarters location

Boston, MA, US

Year founded

1792

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