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Junior Quant Developer Jobs (NOW HIRING)

Old Mission

Junior Quantitative Researcher (Ph.D.)

Chicago, IL · On-site +1

$175K - $250K/yr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

... capabilities of the quant team to further enhance the options desk. Responsibilities ... Must have programming skills in Python and C++ are a prerequisite * Demonstrated exceptional ...

Man Group

Senior Quantitative Developer

Boston, MA · Hybrid

The Role As a Senior Quantitative Developer in the Front-office Engineering organization at Man ... Experience mentoring junior team members and managing projects * Experience building web ...

Goldman Sachs Bank AG

$180 - $280/hr

  • Medical

  • Dental

  • Life

  • Retirement

  • PTO

Mentor junior and mid-level team members. Job Requirements:Master's degree (U.S. or foreign ... related quantitative engineering role OR Bachelor's degree (U.S. or foreign equivalent) in ...

Old Mission

Junior Quantitative Researcher (Ph.D.)

Chicago, IL · On-site

$175K - $250K/yr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

... capabilities of the quant team to further enhance the options desk. Responsibilities ... Must have programming skills in Python and C++ are a prerequisite * Demonstrated exceptional ...

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How much do junior quant developer jobs pay per year?

As of Aug 20, 2026, the average yearly pay for junior quant developer in the United States is $106,825.00, according to ZipRecruiter salary data. Most workers in this role earn between $75,500.00 and $106,500.00 per year, depending on experience, location, and employer.

What is a junior quant developer?

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 does a junior quant developer do?

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 key skills and qualifications needed to thrive as a junior quant developer?

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.

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Junior Quant Developer jobs near you
Infographic showing various Junior Quant Developer job openings in the United States as of August 2026, with employment types broken down into 82% Full Time, 2% Part Time, and 16% Contract. Highlights an 80% Physical, 6% Hybrid, and 14% Remote job distribution, with an average salary of $106,825 per year, or $51.4 per hour.

Quantitative Trading & Research - Equity Derivatives Exotics - Analyst

JPMorgan Chase & Co.

Manhattan, NY • On-site

$110K - $125K/yr

Full-time

Medical, Retirement

Posted 13 days ago

JPMorgan Chase & Co. rating

8.0

Company rating: 8.0 out of 10

Based on 495 frontline employees who took The Breakroom Quiz

72nd of 171 rated banks

Job description


The Quantitative Trading & Research (QTR) Equity Derivatives team is looking for a junior quant to focus on exotic products. The objective is to drive and implement analytics, optimization and modeling for Equity Exotic trading, with immediate focus on building robust trade booking, analytics and model validation layers.
Job Summary
As an Analyst for the Equity Derivatives Exotics QTR team, you will make extensive use of quantitative techniques, including machine learning, to deliver end-to-end solutions for the business. This includes introducing a systematic framework to develop derivative products, strengthen risk and P&L control and facilitate lifecycle management, developing derivative pricing and lifecycle models, as well as identifying and monitoring associated model risks. It is particularly important for this role, that you are a disciplined developer, adhering to the highest standard of development, testing, deployment life cycle, working with the broader QTR team and with technology.
Job responsibilities:
  • Develop a framework and key components to develop derivative products including life cycling and model validation, using dependency-graph programming and Python language.
  • Model derivative products using C++ - Python hybrid programming to meet business requests.
  • Drive payoff innovation using the product design framework and machine learning techniques.
  • Streamline product review under the product design framework and provide clear model documentation to facilitate model approvals.
  • Evaluate quantitative methodologies including identifying and monitoring model risks associated with derivative valuation models.
  • Support trading activities by explaining model behavior, identifying major sources of risk in portfolios and carrying out scenario analyses.

Required qualifications, capabilities, and skills:
  • Master degree in a quantitative field from a top university.
  • Strong programming skills in C++, Python and numerical packages
  • Experience with statistical analysis and machine learning.
  • Experience with derivatives pricing models and equity derivatives products.
  • Solid understanding of the application of Monte-Carlo simulation and finite-difference PDE in derivative pricing.
  • Ability to communicate effectively with business stakeholders.
  • Prior experience in a front-office quantitative research role.
  • Experience or good knowledge in dependency-graph programming.

Preferred qualifications, capabilities, and skills:
  • Knowledge of risk management frameworks and regulatory requirements.

About Us
JPMorganChase, one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.
We offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.
We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.
JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans
About the Team
J.P. Morgan's Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.

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