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Financial Math Jobs in Illinois (NOW HIRING)

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Teacher - Math/Science

Elgin, IL · On-site

$46K - $61K/yr

... Finance, Entrepreneurship, Business Principles, or related courses). The Mathematics Teacher supports the mission of St. Edward CCHS by integrating faith, reason, and moral development into ...

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Financial Math information

What is financial math?

Financial math, also known as financial mathematics or quantitative finance, is the study of mathematical methods and models used to solve problems in finance. This field applies concepts from probability, statistics, and calculus to analyze financial markets, price financial instruments such as stocks and derivatives, and manage risk. Professionals in financial math work in areas like investment banking, risk management, and financial engineering, helping organizations make data-driven decisions. A solid background in mathematics, finance, and computer programming is typically required for success in this field.

What jobs make $1,000,000 a year?

In the field of financial mathematics, roles such as quantitative analysts, hedge fund managers, and chief investment officers can earn $1,000,000 or more annually, especially with bonuses and profit sharing. These positions typically require advanced degrees, strong analytical skills, and experience in financial modeling, risk management, or trading environments.

What are financial mathematics jobs?

Financial mathematics jobs involve applying mathematical models and quantitative techniques to analyze financial markets, manage risk, and develop investment strategies. Common roles include quantitative analyst, risk analyst, and financial engineer, often requiring skills in programming, statistics, and financial theory. These positions are typically found in banks, investment firms, insurance companies, and financial technology companies.

What is the difference between Financial Math vs Quantitative Analyst?

AspectFinancial MathQuantitative Analyst
Required CredentialsDegree in Mathematics, Finance, or related field; often certifications like CFA or FRMDegree in Mathematics, Finance, or related field; often certifications like CFA or FRM
Work EnvironmentFinancial institutions, investment firms, risk management departmentsInvestment banks, hedge funds, asset management firms
Industry UsageUsed for risk modeling, financial product development, quantitative researchUsed for trading strategies, risk assessment, financial modeling

Financial Math and Quantitative Analyst roles share similar educational backgrounds and certifications, often working in financial institutions. However, Financial Math focuses more on developing mathematical models for risk and pricing, while Quantitative Analysts typically engage in trading strategies and financial analysis. Both roles are integral to the finance industry but serve different primary functions.

Is financial math a good career?

Financial math is a strong career choice for those interested in quantitative analysis, risk management, and financial modeling. It typically requires strong skills in mathematics, statistics, and programming, and offers opportunities in banking, investment firms, and insurance companies with competitive salaries and growth potential.

What are the key skills and qualifications needed to thrive in a Financial Math role, and why are they important?

Excelling in a Financial Math role requires a strong background in mathematics, statistics, finance, and typically a relevant degree such as finance, mathematics, or economics. Familiarity with financial modeling tools, programming languages like Python or R, and software such as Excel or MATLAB is commonly expected. Analytical thinking, problem-solving abilities, and effective communication are crucial soft skills that distinguish top performers. These competencies enable professionals to analyze complex financial data, model risk, and provide actionable insights for sound financial decision-making.

What are the typical challenges faced by professionals working in Financial Math roles, and how can they be addressed?

Professionals in Financial Math often encounter challenges such as interpreting complex datasets, managing rapidly changing market conditions, and ensuring the accuracy of quantitative models. Staying current with financial regulations and advancements in modeling techniques is also essential. Addressing these challenges requires continuous learning, effective collaboration with cross-functional teams (like risk management and IT), and leveraging advanced analytical tools. Building strong communication skills is equally important, as conveying technical findings to non-technical stakeholders is a frequent part of the role.

What can you do with a financial math degree?

A financial math degree prepares individuals for roles such as financial analyst, risk manager, quantitative analyst, or actuary. These positions involve analyzing financial data, developing models, and using tools like Excel and programming languages such as Python or R. The degree provides a strong foundation in mathematics, finance, and data analysis essential for these careers.
What are popular job titles related to Financial Math jobs in Illinois? For Financial Math jobs in Illinois, the most frequently searched job titles are:
What job categories do people searching Financial Math jobs in Illinois look for? The top searched job categories for Financial Math jobs in Illinois are:
Financial Math jobs near you
Infographic showing various Financial Math job openings in Illinois as of June 2026, with employment types broken down into 1% As Needed, 83% Full Time, 14% Part Time, and 2% Contract. Highlights an 97% Physical, and 3% Remote job distribution.
Clinical Professor (open rank), Master of Science in Financial Mathematics

Clinical Professor (open rank), Master of Science in Financial Mathematics

The University of Chicago

Chicago, IL • On-site

Full-time

Medical, Retirement, PTO

Posted 4 days ago

University Of Chicago rating

8.2

Company rating: 8.2 out of 10

Based on 45 frontline employees who took The Breakroom Quiz

109th of 538 rated colleges and universities

Job description

Description
The Department of Mathematics invites applications for the position of Clinical Professor (open rank) for the Master of Science in Financial Mathematics. The selected candidate will be appointed as Assistant Clinical Professor, Associate Clinical Professor, or Clinical Professor, with rank determined by qualifications. This is a nine-month, career-track position with competitive salary and benefits.
The appointment will be full-time and for a term of up to three years, which may be renewed with no limit on the number of terms. The expected start date is as early as May 1, 2026 or as late as October 1, 2026.
The Master of Science in Financial Mathematics (FinMath) is a professional graduate program within the Department of Mathematics at The University of Chicago. As a pioneer in the field of quantitative finance, we have had the honor of shaping some of the brightest minds in the financial industry today. Bringing together top-performing students from around the world and highly accomplished faculty, FinMath prepares students for success in a variety of careers in quantitative finance. Beginning in January 2026, FinMath will launch an online modality to deliver the same high-quality educational experience of its in-person degree, designed specifically for remote students. Learn more about the Master of Science in Financial Mathematics at https://finmath.uchicago.edu/.
Position responsibilities include teaching 400 units per year, advising three student research projects per year in the FinMath Project Lab Course, and teaching one pre-program course per year. Administrative responsibilities include supporting curricular development and instructor recruitment for both in-person and online modalities, serving as a member of the executive committee for program admissions, and supporting the growth of program specializations, particularly in AI and non-degree offerings.
This position is benefits-eligible. The University of Chicago offers a wide range of benefits programs and resources for eligible employees, including health, retirement, and paid time off. Information about the benefit offerings can be found in the Benefits Guidebook.
Qualifications
Minimum Qualifications:
  • A PhD and at least 3 years of professional experience
  • OR a master's degree and at least 6 years of professional experience

Preferred Qualifications:
  • Teaching experience within a university or corporate training environment for professional education

Application Instructions
Applications must be submitted online through the University of Chicago Jobs website: http://apply.interfolio.com/176625. Review of applications will begin on December 19, 2025, and continue until the position is filled or the search is closed.
The following materials are required:
  • Curriculum vitae
  • Cover letter
  • Statement of teaching philosophy and curricular development experience
  • A list of three references, including name, title, organization, and email address
  • Sample syllabus for a class the applicant has taught before, or would be interested in teaching

Optional materials:
  • Teaching evaluations from past courses taught

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