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Junior Quant Developer Jobs in Chicago, IL (NOW HIRING)

Anson McCade

Junior Quantitative Trader

Chicago, IL · On-site

... quant researchers and engineers to develop new models using our proprietary datasets • Manage real-time risk across a diversified portfolio of options positions Qualifications and skills: • ...

Akuna Capital

Junior Trader

Chicago, IL · On-site

$145K/yr

What you'll do as a Junior Trader at Akuna: We are seeking bright, math-savvy, competitive, and ... Quantitative Strategy Group Qualities that make great candidates: * BS/MS/PhD degree in Engineering ...

Akuna Capital

Junior Trader

Chicago, IL

$145K/yr

What you'll do as a Junior Trader at Akuna: We are seeking bright, math-savvy, competitive, and ... Quantitative Strategy Group Qualities that make great candidates: * BS/MS/PhD degree in Engineering ...

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All JobsQuant Developer JobsJunior Quant Developer JobsJunior Quant Developer Jobs in Chicago, IL

Junior Quant Developer information

See Chicago, IL salary details

$62.9K

$110.1K

$166K

How much do junior quant developer jobs pay per year?

As of Jul 28, 2026, the average yearly pay for junior quant developer in Chicago, IL is $110,132.00, according to ZipRecruiter salary data. Most workers in this role earn between $77,800.00 and $109,800.00 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.

What are the most commonly searched types of Quant Developer jobs in Chicago, IL? The most popular types of Quant Developer jobs in Chicago, IL are:
What are popular job titles related to Junior Quant Developer jobs in Chicago, IL? For Junior Quant Developer jobs in Chicago, IL, the most frequently searched job titles are:
What job categories do people searching Junior Quant Developer jobs in Chicago, IL look for? The top searched job categories for Junior Quant Developer jobs in Chicago, IL are:
What cities near Chicago, IL are hiring for Junior Quant Developer jobs? Cities near Chicago, IL with the most Junior Quant Developer job openings:
Junior Quant Developer jobs near you
Infographic showing various Junior Quant Developer job openings in Chicago, IL as of July 2026, with employment types broken down into 82% Full Time, and 18% Contract. Highlights an 100% In-person job distribution, with an average salary of $110,132 per year, or $52.9 per hour.
Junior Quantitative Developer & Strategist

Junior Quantitative Developer & Strategist

Akuna Capital

Chicago, IL • On-site

$145K/yr

Full-time

Medical, Dental, Vision, Retirement, PTO

Posted 14 days ago

Job description

About Akuna:
Akuna Capital is an innovative trading firm with a strong focus on collaboration, cutting-edge technology, data driven solutions and automation. We specialize in providing liquidity as an options market-maker - meaning we are committed to providing competitive quotes that we are willing to both buy and sell. To do this successfully we design and implement our own low latency technologies, trading strategies and mathematical models.
Our Founding Partners first conceptualized Akuna in their hometown of Sydney. They opened the firm's first office in 2011 in the heart of the derivatives industry and the options capital of the world - Chicago. Today, Akuna is proud to operate from additional offices in Sydney, Shanghai, London, and Singapore.
What you'll do as a Junior Quantitative Developer & Junior Quantitative Strategist at Akuna:
Akuna's Quant team creates trading strategies scientifically by combining its quantitative expertise with sophisticated understanding of derivatives and financial markets. The team is looking to add both Junior Quant Developers and Junior Quant Strategists who will make a direct and measurable impact on our trading decisions and performance.
We are searching for creative thinkers with strong programming backgrounds who can convert ideas into trading solutions, tighten our innovation cycle through rapid prototyping of performant production code, and have the desire to develop a deep understanding of financial markets. No prior experience with financial markets is required.
In these roles you will:
  • Design and develop production code of trading strategies: pricing models, execution logic and performance optimization along with researchers, traders, and system engineers.
  • Analyze and incorporate market signals in our trading systems.
  • Advance existing codebase and propose new solutions and improvements.

Qualities that make great candidates:
  • Bachelors, masters, or PhD degree in a technical field - Engineering, Computer Science, Math, Physics (or related subject) must be completed upon employment
  • Strong Python programming background
  • Experience in object-oriented programming
  • Exposure to linear algebra and introductory statistics
  • Desire and ability to learn the intricacies of financial markets
  • Must be graduating August 2027 or prior
  • GPA of 3.5 or above
  • Legal authorization to work in the U.S. is required on the first day of employment including F-1 students using OPT or STEM

Additional qualities that make great candidates:
  • Experience with generic and/or parallel programming
  • Deeper understanding of any of the following fields: Linear Algebra, Numerical Methods, Statistics, Optimization, Signal Processing, Computer Architecture, Machine Learning, Heterogeneous/High Performance computing
  • The ability to react quickly and accurately to rapidly changing market conditions, including the ability to quickly and accurately respond and/or solve math and coding problems are essential functions of the role
  • Exposure to financial markets and trading

**Resumes must be submitted in PDF format.
In addition to technical skillsets, Akuna values the unique perspectives people can bring to the table to collaboratively solve complex problems and drive Akuna forward. We want everyone to feel empowered to apply. We welcome your application and encourage you to take the first steps toward your future with us!
Please note: By submitting an application to this role, you are indicating this is your top preference and acknowledge you will not be considered for other Quant and/or Tech roles at Akuna this recruiting season. This acknowledgement does not limit applications to Trading roles - in addition to this role, you may apply to any Trader roles of interest.
In accordance with Illinois Equal Pay Act, the minimum base salary starts at $145,000. Exact compensation offered may vary based on many factors including, but not limited to, the candidate's experience, qualifications, and skill set. This role is also eligible for a discretionary performance bonus as part of the total compensation package and includes a comprehensive benefits package that may encompass employer-paid medical, dental, vision, retirement contributions, paid time off, and other benefits. The minimum base salary herein was determined in good faith by Akuna Capital LLC.

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