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Graduate Quant Jobs in Illinois (NOW HIRING)

Maven

Graduate Quant Researcher 2027 - Chicago

Chicago, IL · On-site

$150K - $175K/yr

Graduate Quant Researcher Program Chicago 2027 Maven Securities is a leading proprietary trading firm that leverages sophisticated technology and quantitative analysis to trade in global financial ...

Maven

Graduate Quant Researcher 2027 - Chicago

Chicago, IL · Hybrid

$150K - $175K/yr

Graduate Quant Researcher Program Chicago 2027 Maven Securities is a leading proprietary trading firm that leverages sophisticated technology and quantitative analysis to trade in global financial ...

IMC

Quantitative Researcher - Options

Chicago, IL · On-site

Mentor graduate quantitative researchers Your Skills and Experience: * Ms or PhD in a highly quantitative field * At least 5 years in financial services or a quantitative environment * Experience in ...

IMC

Graduate Quantitative Trader

Chicago, IL

$250K/yr

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 ...

IMC

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 the execution and risk of complex trading portfolios. In this role you will work closely with IMC ...

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Graduate Quant information

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

To thrive as a Graduate Quant, you need a strong background in mathematics, statistics, and programming, typically supported by a quantitative degree such as mathematics, physics, engineering, or computer science. Familiarity with programming languages like Python, C++, R, and financial modeling tools is usually expected, and knowledge of data analysis platforms is beneficial. Analytical thinking, attention to detail, and strong problem-solving abilities are standout soft skills for this role. These skills and qualities are crucial for building robust quantitative models and delivering actionable insights in fast-paced financial environments.

What are some typical challenges faced by graduate quants during their first year, and how can they effectively overcome them?

Graduate Quants often encounter challenges such as adapting to high-pressure environments, learning to communicate complex quantitative concepts to non-technical colleagues, and quickly mastering new financial models or programming languages. To overcome these hurdles, it's helpful to proactively seek feedback, collaborate closely with more experienced team members, and dedicate time to continual learning, both on the job and through self-study. Building strong relationships within the team and staying updated on industry trends can also ease the transition and foster professional growth.

What is a graduate quant?

Graduate Quants, or Graduate Quantitative Analysts, are entry-level professionals who use mathematical, statistical, and computational techniques to analyze financial markets and help institutions make informed trading, investment, and risk management decisions. Typically, they have recently completed advanced degrees in fields like mathematics, physics, engineering, or finance. Graduate Quants often work in banks, hedge funds, or trading firms, applying quantitative models to solve complex financial problems. Their roles may include developing algorithms, conducting data analysis, and supporting senior quants with research and model implementation.

What is the difference between Graduate Quant vs Quant Analyst?

AspectGraduate QuantQuant Analyst
Required CredentialsDegree in Math, Finance, or related field; often entry-levelSame as Graduate Quant, but may require some experience
Work EnvironmentResearch-focused, training programs, junior rolesMore client-facing, strategy implementation, senior responsibilities
Employer & Industry UsageHedge funds, investment banks, asset managersFinancial institutions, trading firms, hedge funds
Search & Comparison IntentYes, often compared for entry-level rolesMore experienced, but related roles

The main difference between a Graduate Quant and a Quant Analyst lies in experience and responsibilities. Graduate Quants are typically entry-level, focusing on learning and research, while Quant Analysts have more experience and handle strategy implementation and client interactions. Both roles are common in finance and require strong quantitative skills, but the level of responsibility and experience distinguishes them.

What are popular job titles related to Graduate Quant jobs in Illinois? For Graduate Quant jobs in Illinois, the most frequently searched job titles are:
What job categories do people searching Graduate Quant jobs in Illinois look for? The top searched job categories for Graduate Quant jobs in Illinois are:
What cities in Illinois are hiring for Graduate Quant jobs? Cities in Illinois with the most Graduate Quant job openings:
Graduate Quant jobs near you

Graduate Quant Researcher 2027 - Chicago

Maven

Chicago, IL • On-site

$150K - $175K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 8 days ago

Job description

Graduate Quant Researcher Program Chicago 2027
Maven Securities is a leading proprietary trading firm that leverages sophisticated technology and quantitative analysis to trade in global financial markets. We specialize in options and derivatives market making, where your skills can be directly applied to have a real impact.
At Maven, we believe exceptional careers are built deliberately. Our graduate program is designed for a small number of high-potential individuals each year, combining comprehensive training, real responsibility, and long-term development. We don't hire large classes with the expectation that only a few will succeed, we invest in every individual who joins the team.
Program details:
  • Location: Chicago (based in London for training period)
  • Program start date: September 6th, 2027
  • Application deadline: Rolling basis

Base salary: $150,000-175,000 dependent on education and experience
You'll begin with a structured 7-week training program in London, designed to prepare you for a career in quantitative research. This initial phase focuses on building the technical foundations and professional skills needed for the role, as well as forming crucial working relationships with your UK counterparts - both on the Graduate Program and more senior stakeholders.
Following training, you'll return to Chicago and roll onto two project rotations, where you'll continue to learn through hands-on experience. Maven offers a few days of leave to support this transition, as well as travel, accommodation and relocation support.
What you will be doing:
  • Design, evaluate and continuously improve our automated trading algorithms
  • Build quantitative pricing models, for example American Option Pricing and Volatility Modeling
  • Research and analyze trading data to find and test trading opportunities

How and what you will learn:
  • Progress through a structured onboarding program with clear learning milestones
  • Build your foundation through theory and exercise-led training, led by Maven's Head of Technology Training & Graduates
  • Learn about financial markets, our platforms and specific quant research field for OMM, apply your academic research abilities and learn how to perform research on real-world data of varied volume and sampling frequency across a variety of domains
  • We will teach you how to use and master Maven's in-house tools and systems. Maven utilizes the latest technology in order to meet and exceed our demanding business challenges
  • Attend regular check-ins with the Quant Researcher and Emerging Talent teams

Who you are:
Key criteria:
  • A Bachelor's, Master's or PhD student in applied mathematics, statistics, engineering or physics
  • Relevant programming experience in at least one language (Python, C++, C#)
  • Proactive interest in improving existing trading strategies and identifying new opportunities
  • Motivated for quantitative research, financial services and trading, with knowledge of financial markets
  • A willingness to adopt and utilise emerging AI technologies

We're looking for someone who is:
  • An entrepreneurial thinker with the ability to generate ideas, take initiative and drive innovation
  • A critical problem solver and decision maker who can analyze situations, think clearly and make effective decisions
  • An agile learner who is able to quickly acquire knowledge, take on feedback, adapt and apply insights across different contexts
  • Able to synthesize information, resolve conflicting inputs, see the bigger picture, and translate complex information into actionable recommendations
  • Collaborative and influential, able to build trust, work effectively with others and positively impact the team
  • Results-focused and accountable, taking ownership and delivering outcomes reliably

Why Maven?:
  • Dedicated In-House Trainers: Gain the tools to succeed in a rapidly evolving market, where AI is integral to our strategy and daily operations. Our tailored curriculums are led by in-house experts and cover both technical and professional skills, as well as guidance on how to adopt AI best practices
  • Accelerate Your Career: Every permanent colleague receives a dedicated learning and development budget, full access to our online learning platform, and frequent training sessions led by our Maven experts
  • Proven Pathways: Benefit from our structured pipeline programs that set you up for long-term success. Around a quarter of Maven's workforce joined through an Emerging Talent Program, with many staying from Spring Week through the Graduate Program and beyond
  • Supported to Succeed: We are committed to fostering an inclusive workplace where everyone can perform at your best. We offer recruitment support where needed, and employee resource groups that help build community across the firm
  • Grow with Guidance: Enjoy regular feedback, structured review points, and informal off-desk chats. Everyone in our Emerging Talent Programs is also paired with a Maven buddy for practical advice and day-to-day support
  • Make a Real Impact, Fast: From the start of the projects, you'll be embedded in the team and learn directly from other Quant Researchers. After this, you'll transition onto a permanent position within the team, where you'll continue building upon the skills taught in the program

Please note:
  • We accept one application per candidate, per recruitment cycle
  • Visa sponsorship is available for selected roles, please see our FAQ page for details

Maven is an equal opportunity employer. We encourage applications from candidates of all backgrounds, and do not discriminate on the basis of race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, disability status, or any other basis protected by applicable law.
Benefits at Maven
As a graduate joining Maven, you'll be eligible for a range of benefits, including:
  • 25 days of PTO plus US national holidays, which we expect you to take
  • Private medical and dental cover, eye care support, life assurance, 401k or Roth retirement plans, and an Employee Assistance Program
  • Consideration for a discretionary annual bonus
  • An annual learning and development budget, alongside wider training and development opportunities
  • Wellness benefits, including free use of the building gym and access to ClassPass
  • Frequent social events, from welcome dinners and summer parties to company sports leagues and boat tours!
  • Daily breakfast in the office and a lunch allowance, plus snacks and drinks throughout the day
  • Enhanced family-friendly policies, including maternity, paternity, adoption, fertility and partner's leave
  • Work in a forward-thinking environment where AI is integral to our strategy and daily operations

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