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Graduate Quant Jobs in Chicago, IL (NOW HIRING)

IMC

Quantitative Researcher - Options

Chicago, IL

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 ...

IMC

Quantitative Researcher - Options

Chicago, IL · On-site

$250K - $300K/yr

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 Researcher (PhD)

Chicago, IL

$250K/yr

As a Quantitative Researcher at IMC, your work will directly impact our global trading strategies. You will leverage your superior analytical, mathematical, and computing skills to improve existing ...

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All JobsGraduate Quant JobsGraduate Quant Jobs in Chicago, IL

Graduate Quant information

See Chicago, IL salary details

$101K

$174.8K

$267.3K

How much do graduate quant jobs pay per year?

As of Jul 26, 2026, the average yearly pay for graduate quant in Chicago, IL is $174,845.00, according to ZipRecruiter salary data. Most workers in this role earn between $138,600.00 and $205,000.00 per year, depending on experience, location, and employer.

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 are Graduate Quants?

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 Chicago, IL? For Graduate Quant jobs in Chicago, IL, the most frequently searched job titles are:
What job categories do people searching Graduate Quant jobs in Chicago, IL look for? The top searched job categories for Graduate Quant jobs in Chicago, IL are:
What cities near Chicago, IL are hiring for Graduate Quant jobs? Cities near Chicago, IL with the most Graduate Quant job openings:
Graduate Quant jobs near you
Infographic showing various Graduate Quant job openings in Chicago, IL as of July 2026, with employment types broken down into 60% Full Time, 20% Part Time, and 20% Nights. Highlights an 80% In-person, and 20% Hybrid job distribution, with an average salary of $174,845 per year, or $84.1 per hour.
Graduate Quantitative Researcher (2027 Incoming Graduate, Full-Time)

Graduate Quantitative Researcher (2027 Incoming Graduate, Full-Time)

3Red Partners

Chicago, IL • On-site

$125K - $200K/yr

Full-time

Medical, Retirement

This job post has expired today. Applications are no longer accepted.

Job description

Graduate Quantitative Researcher (2027 Incoming Graduate, Full-Time) Chicago 3Red Partners LLC, a proprietary trading firm headquartered in Chicago, is seeking a Graduate Quantitative Researcher (2027 Incoming Graduate) to join the team. 3Red Partners is committed to leveraging technology and math to implement competitive trading strategies. Our team has extensive, global experience in a wide variety of asset classes, risk management, and leading trading technologies. We focus our efforts on hiring extremely talented and motivated individuals to collaborate with each other and compete in the world's financial markets. The Graduate Quantitative Researcher will have the opportunity to work in our Chicago headquarters focusing on expanding and optimizing current and future trading opportunities. We are seeking a candidate that is looking for an opportunity to make a real impact, deliver value, and work within an experienced team. Your impact: Work with the team to optimize the current strategy components and identify new trading opportunities Research and test alphas to improve existing tools and identify methods to increase trading efficiency Focus on enhancing the production trading system and rewriting existing trades and signals A student completing a bachelor's, master's, or PhD degree with an emphasis in a STEM‐related field (e.g. Mathematics, Statistics, Physics, Computer Science, Data Science, etc.), graduating in 2027 by August '27 1+ industry internships as a Quantitative Researcher, Developer, or Trader Experience with Python, C++, and machine learning tools Strong multi-tasking skills, including the ability to prioritize and work on multiple projects at one time 3Red offers a competitive compensation and benefits package. In addition to a base salary, we offer performance‐based bonuses, reflecting our commitment to rewarding excellence. We also provide comprehensive health benefits, a 401k plan, commuter and wellness reimbursements, as well as several learning and development perks. Our casual dress code, weekly lunches, and team events foster a welcoming and collaborative workplace culture. At our Chicago headquarters, we enhance the workday with fully stocked pantries offering snacks and drinks, a Zen Room for relaxation, and an environment designed to support productivity and well‐being. The expected base salary range for this position is $125,000 to $200,000, depending on qualifications, experience, and skills. 3Red Partners does not accept unsolicited resumes from 3rd party vendors. Any unsolicited resumes will become property of our team. #J-18808-Ljbffr

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