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Junior Quant Developer Jobs in Michigan (NOW HIRING)

Magna

Junior Purchasing Analyst

Troy, MI · On-site

Strong analytical and quantitative skills; advanced Excel required, Power BI/Tableau preferred ... Business, Finance, Engineering, or related field. Experience - 1-3 years of experience in ...

Magna

Junior Purchasing Analyst

Troy, MI · On-site +1

Strong analytical and quantitative skills; advanced Excel required, Power BI/Tableau preferred ... Business, Finance, Engineering, or related field. Experience - 1-3 years of experience in ...

MM International

Data Engineer with DevOps Skill

Dearborn, MI · On-site

$105.20K - $126.30K/yr

Mentor junior engineers and contribute to the team's technical growth. · Documentation: Create and ... Technology, or a related quantitative field. · Typically, 8+ years of experience in data ...

Franklin Covey

Senior Software Engineer

Lansing, MI · Remote

$170/hr

Help junior engineers develop the technical skills needed to become tomorrow's senior engineers ... You will review quantitative and qualitative research about our clients and learners and weigh in ...

Deloitte

Functional Lead, Commercial Banking

Detroit, MI · On-site

... quantitative and qualitative problem-solving skills * Advanced degree (e.g., MBA, M.S. Engineering ... of junior staff. Your role As an Industry Solutions, Banking & Capital Markets Senior Consultant ...

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$53.2K

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$140.3K

How much do junior quant developer jobs pay per year?

As of May 28, 2026, the average yearly pay for junior quant developer in Michigan is $93,108.00, according to ZipRecruiter salary data. Most workers in this role earn between $65,800.00 and $92,800.00 per year, depending on experience, location, and employer.

What is a Junior Quant Developer job?

A Junior Quant Developer is an entry-level role that combines software development with quantitative analysis in the finance industry. They assist in building and maintaining financial models, trading algorithms, and risk management tools. Typically, they work with programming languages like Python, C++, or Java and utilize mathematical and statistical techniques. Their responsibilities often involve data analysis, backtesting strategies, and optimizing trading systems. This role serves as a stepping stone toward becoming a full-fledged Quant Developer or Quantitative Analyst.

What are the key skills and qualifications needed to thrive in the Junior Quant Developer position, and why are they important?

To thrive as a Junior Quant Developer, you need strong programming skills (usually in Python, C++, or Java), foundational knowledge in mathematics and statistics, and a relevant degree in fields like computer science, mathematics, or engineering. Familiarity with quantitative libraries, financial modeling tools, and version control systems such as Git is often expected. Analytical thinking, teamwork, and effective communication are important soft skills for collaborating with senior developers and traders. These skills are essential for building robust quantitative models, contributing to complex projects, and growing within a fast-paced financial technology environment.

What kinds of projects and tasks can a Junior Quant Developer expect to work on?

As a Junior Quant Developer, you can expect to assist with developing, testing, and optimizing quantitative models used for trading or risk assessment. Your day-to-day tasks may involve coding algorithms, analyzing large datasets, backtesting strategies, and debugging model performance, all under the guidance of more experienced team members. You’ll also have opportunities to work closely with traders, data scientists, and senior quants, contributing to both research initiatives and real-time trading systems. This collaborative environment provides excellent learning opportunities and valuable exposure to different aspects of quantitative finance, helping you build expertise for career growth.
More about Junior Quant Developer jobs
What are the most commonly searched types of Quant Developer jobs in Michigan? The most popular types of Quant Developer jobs in Michigan are:
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What cities in Michigan are hiring for Junior Quant Developer jobs? Cities in Michigan with the most Junior Quant Developer job openings:
Junior Quant Developer jobs near you
Infographic showing various Junior Quant Developer job openings in Michigan as of May 2026, with employment types broken down into 100% Full Time. Highlights an 100% In-person job distribution, with an average salary of $93,108 per year, or $44.8 per hour.
Junior Purchasing Analyst

Junior Purchasing Analyst

Magna

Troy, MI • On-site

Full-time

Posted 27 days ago

Job description

Job descriptions may display in multiple languages based on your language selection.
What we offer:
At Magna, you can expect an engaging and dynamic environment where you can help to develop industry-leading automotive technologies. We invest in our employees, providing them with the support and resources they need to succeed. As a member of our global team, you can expect exciting, varied responsibilities as well as a wide range of development prospects. Because we believe that your career path should be as unique as you are.
Group Summary:
The Magna Exteriors portfolio of products includes access systems such as liftgates, exterior trim, modular systems, front-end modules including fascia, active aerodynamic systems and other lightweight structural components for automotive, commercial truck and other industrial markets.
Recognized globally as an innovator in all aspects of vehicle exteriors, Magna provides everything needed, from materials development and design through manufacturing and assembly, to help automakers create sleek, state-of-the-art vehicles across the world.
Job Responsibilities:
The Junior Purchasing Analyst will support the Strategic Category Lead in managing sourcing activities, supplier relationships, and cost optimization initiatives for indirect goods and services. This role is responsible for data analysis, market intelligence, and reporting that enable fact-based decision-making and strategic category management across global operations.
ESSENTIAL DUTIES & RESPONSIBILITIES:
  • Data Analysis & Reporting
    • Collect, analyze, and interpret purchasing and market data (pricing, volume, supplier performance).
    • Prepare dashboards, reports, and presentations to support category strategies and executive updates.
    • Ensure data accuracy in procurement systems (SAP/ERP or other tools).
    • Identify opportunities to improve processes, reduce costs, and mitigate supply risks.
  • Market & Supplier Intelligence
    • Monitor indirect spend categories and market trends, including pricing, supply/demand shifts, and global trade impacts.
    • Benchmark suppliers and track key performance indicators (KPIs).
  • Category & Sourcing Support
    • Assist in the development and execution of sourcing strategies for indirect categories.
    • Support supplier negotiations through data preparation, cost analysis, and scenario modeling.
    • Maintain supplier databases, contracts, and performance scorecards.
    • Support sustainability and compliance initiatives within the supply base.

The above is intended to describe the general content of and the requirements for the performance of this position. It is not to be construed as an exhaustive statement of duties, responsibilities, or requirements
QUALIFICATIONS:
To perform this job successfully, an individual must be able to perform each essential duty and responsibility satisfactorily. The requirements listed below are representative of the knowledge, skill, ability and/or physical demands required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
  • Strong analytical and quantitative skills; advanced Excel required, Power BI/Tableau preferred.
  • Knowledge of procurement processes and ERP systems (SAP, Oracle, QAD, etc.).
  • Strong communication and presentation skills with ability to support global stakeholders.
  • Detail-oriented, organized, and able to manage multiple priorities in a fast-paced environment.
  • Business and financial acumen
  • Data-driven decision making
  • Collaboration across global and cross-functional teams
  • Problem-solving mindset
  • Continuous improvement orientation

Education/Special Knowledge - Bachelor's degree in Supply Chain Management, Business, Finance, Engineering, or related field.
Experience - 1-3 years of experience in purchasing, supply chain, finance, or data analysis (internships or co-ops considered).
Physical Demands/Work Environment - Normal amount of sitting or standing, average mobility to move around an office environment, able to conduct normal amount of work at a computer, may require local, domestic and international travel. This position will be located out of Troy MI, or remote with a travel requirement.
Awareness, Unity, Empowerment:
At Magna, we believe that a diverse workforce is critical to our success. That's why we are proud to be an equal opportunity employer. We hire on the basis of experience and qualifications, and in consideration of job requirements, regardless of, in particular, color, ancestry, religion, gender, origin, sexual orientation, age, citizenship, marital status, disability or gender identity. Magna takes the privacy of your personal information seriously. We discourage you from sending applications via email or traditional mail to comply with GDPR requirements and your local Data Privacy Law.
AI-Assisted Screening Disclosure
As part of our commitment to a fair, consistent, and efficient recruitment process, we may use artificial intelligence (AI) tools to assist in the initial screening of applications submitted through our Workday system. These tools help identify qualifications and experience that align with the role requirements. Please note that AI is used solely to support our recruiters. Final decisions are always made by the hiring manager and the hiring team. Importantly, no applicant data is shared externally through these AI tools. All information remains securely within our systems and is handled in accordance with our privacy and data protection policies.
Under conditions defined by applicable law, you may have the right to request an explanation of how AI is used to support decision-making.
If you have any questions or concerns about this process, feel free to contact our Talent Attraction team.
Worker Type:
Regular / Permanent
Group:
Magna Exteriors

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