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Financial Engineering Jobs in Chicago, IL (NOW HIRING)

Quant Blueprint LLC

AI Quantitative Strategist

Chicago, IL · On-site

$54 - $66/hr

Quantitative background - includes degrees in Mathematics, Statistics, Econometrics, Financial Engineering, Operations Research, Computer Science and Physics. * Programming proficiency with at least ...

Next Step Systems

Quantitative Analyst

Northbrook, IL · On-site

... PhD in financial engineering, applied math, statistics, econometrics, or related field (preferred). Benefits include medical insurance, retirement plan, PTO, etc. Salary: 80K+ DOE. Keywords:

Next Step Systems

Tactics Associate

Northbrook, IL · On-site

... PhD in financial engineering, applied math, statistics, econometrics, or related field (preferred). Benefits include medical insurance, retirement plan, PTO, etc. Salary: 80K+ DOE. Keywords:

CME Group

Staff Agentic Software Engineer

Chicago, IL · On-site

$125K/yr

This role is pivotal in driving both the technical evolution of our financial platforms and the transformation of our engineering workflows. You will lead the team in transitioning from traditional ...

CME Group

Staff Agentic Software Engineer

Chicago, IL · On-site

$125K - $209K/yr

This role is pivotal in driving both the technical evolution of our financial platforms and the transformation of our engineering workflows. You will lead the team in transitioning from traditional ...

CME Group

Staff Agentic Software Engineer

Chicago, IL · On-site

$125K - $209K/yr

This role is pivotal in driving both the technical evolution of our financial platforms and the transformation of our engineering workflows. You will lead the team in transitioning from traditional ...

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Showing results 21-40

All JobsFinancial Engineering JobsFinancial Engineering Jobs in Chicago, IL

Financial Engineering information

See Chicago, IL salary details

$78.3K

$114.2K

$140.1K

How much do financial engineering jobs pay per year?

As of Sep 5, 2026, the average yearly pay for financial engineering in Chicago, IL is $114,152.00, according to ZipRecruiter salary data. Most workers in this role earn between $103,000.00 and $128,300.00 per year, depending on experience, location, and employer.

What is financial engineering?

Financial engineering is the application of mathematical techniques, computer science, and statistical methods to solve problems and create innovative solutions in finance. Professionals in this field develop new financial products, manage risk, and optimize investment strategies using quantitative models. Financial engineers often work in banks, investment firms, hedge funds, or financial technology companies, helping organizations manage complex financial systems and products. The discipline combines finance, mathematics, statistics, and programming to address challenges in areas like derivatives pricing, risk management, and portfolio optimization.

What are some common challenges faced by financial engineers when implementing quantitative models in real-world financial institutions?

Financial engineers often encounter challenges such as aligning complex quantitative models with existing IT infrastructure and ensuring the models comply with regulatory requirements. Additionally, translating theoretical models into practical, scalable solutions that can handle large volumes of real-time data requires close collaboration with software developers and risk managers. Effective communication with non-technical stakeholders is also crucial, as financial engineers must explain model assumptions and results to decision-makers from diverse backgrounds.

What are the key skills and qualifications needed to thrive as a financial engineer, and why are they important?

To thrive as a Financial Engineer, you need a strong background in quantitative analysis, mathematics, programming, and finance, typically supported by a relevant degree such as financial engineering, mathematics, or computer science. Expertise in programming languages like Python, R, or C++, as well as familiarity with financial modeling software and risk management systems, is essential. Strong problem-solving, analytical thinking, and communication skills set top performers apart in this role. These skills are crucial for designing innovative financial products, managing complex risks, and translating quantitative insights into actionable business strategies.

What is the difference between Financial Engineering vs Quantitative Analyst?

AspectFinancial EngineeringQuantitative Analyst
Required CredentialsDegree in Financial Engineering, Mathematics, or related fields; often certifications like CQFDegree in Finance, Mathematics, or Statistics; certifications like CFA or CQF are common
Work EnvironmentFinancial institutions, hedge funds, investment banks; focus on product development and risk managementTrading desks, asset management firms; focus on data analysis and model development
Employer & Industry UsageUsed in risk management, derivatives pricing, and structured productsUsed in trading strategies, portfolio management, and risk assessment

Financial Engineering and Quantitative Analysts often share similar educational backgrounds and work in related financial sectors. While Financial Engineers focus on creating financial products and managing risks through complex models, Quantitative Analysts primarily analyze data to inform trading and investment decisions. Both roles require strong quantitative skills and often overlap in financial institutions.

What is the work of a financial engineer?

A financial engineer develops mathematical models and uses quantitative techniques to analyze and manage financial risks, design trading strategies, and create financial products. They often work with programming tools like Python or C++ and require strong skills in mathematics, finance, and computer science. Their work supports decision-making in investment banks, hedge funds, and financial institutions.

What jobs do financial engineers get?

Financial engineers typically work as quantitative analysts, risk managers, derivatives traders, or financial modelers in banking, investment firms, hedge funds, and insurance companies. They use skills in mathematics, programming, and financial theory to develop models and strategies for trading, risk assessment, and asset management.

What are the most commonly searched types of Financial Engineering jobs in Chicago, IL?

The most popular types of Financial Engineering jobs in Chicago, IL are:

What are popular job titles related to Financial Engineering jobs in Chicago, IL?

For Financial Engineering jobs in Chicago, IL, the most frequently searched job titles are:

What job categories do people searching Financial Engineering jobs in Chicago, IL look for?

The top searched job categories for Financial Engineering jobs in Chicago, IL are:

Financial Engineering jobs near you
Infographic showing various Financial Engineering job openings in Chicago, IL as of August 2026, with employment types broken down into 84% Full Time, 14% Part Time, and 2% Contract. Highlights an 90% Physical, 3% Hybrid, and 7% Remote job distribution, with an average salary of $114,152 per year, or $54.9 per hour.

Quantitative Trader Intern

TransMarket Group

Chicago, IL

Internship

Re-posted 4 days ago

Job description

Description

Our Quantitative Traders are passionate about improving the global economy by facilitating risk transfer and restoring order to prices. As an intern, you will partner with Junior and Senior Traders to learn, assist and interact first hand in all facets of trading. The ideal candidate is intellectually curious, competitively driven, and has a disciplined appetite for risk. 

Responsibilities

  • Develop expertise in relative value market fundamentals, quantitative modeling, and risk management
  • Build and maintain quantitative model tools and analytics
  • Actively learn and analyze real-time trades
  • Engage in formal internship classroom-style education programs and research projects

Requirements

  • Pursuing a Bachelor's, Master's, or Doctorate degree in a technical or industry related field such as but not limited to mathematics, statistics or financial engineering with a graduation date between December 2027 and Spring 2028
  • Proficiency in Python programming required (1-2 years of experience) 
  • Required math coursework: Differential Equations, Linear Algebra, Multivariable Calculus, Probability and Advanced Statistics 
  • Minimum major GPA of 3.5/4 or equivalent scale
  • Demonstrated passion for markets, finance, and trading such as but not limited to personal trading, participation in trading competitions, attendance at firm discover days, industry related student groups or clubs and/or prior internship experience preferred
  • This position requires physical presence and is onsite at our office in Chicago, IL

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