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Junior Quant Jobs (NOW HIRING)

Quanta Search

Senior Rates Quant

Newport Beach, CA · On-site

Mentor more junior members of the team * Provide quantitative support and expertise to portfolio managers Additional Information The candidate should be a seasoned interest rate quant, typically with ...

Eagle Seven

Junior Trader

Chicago, IL · On-site

Eagle Seven, LLC is seeking a Junior Trader who will be responsible for supporting all aspects of ... Assisting quantitative traders in performing research for new trading strategies Requirements

Eagle Seven

Junior Trader

Chicago, IL

Eagle Seven, LLC is seeking a Junior Trader who will be responsible for supporting all aspects of ... Assisting quantitative traders in performing research for new trading strategies Requirements

Eagle Seven

Junior Trader

Chicago, IL · On-site

Eagle Seven, LLC is seeking a Junior Trader who will be responsible for supporting all aspects of ... Assisting quantitative traders in performing research for new trading strategies Requirements

Squarepoint Capital

Junior Risk Manager

New York, NY · On-site

$125K/yr

We are looking for a Junior Risk Manager to join our expanding discretionary team. This is a unique ... Collaborate with Quantitative Researcher and Traders on the strategies analysis * Ensure the ...

AstaCRS Inc

JUNIOR BUSINESS/DATA ANALYST

Ashburn, VA · On-site

$2K/hr

We are seeking a Junior Business/ Data Analyst to become an integral part of our team! You will ... data through quantitative research Communicate findings to company through standard and ad hoc ...

Truist

Quant Audit Manager

King Of Prussia, PA · On-site

$103K - $135K/yr

... quantitative tools implemented across Truist ... The QAM will also proactively coach junior team members by providing candid and constructive ...

Truist

Quant Audit Manager

Winston Salem, NC · On-site

$96K - $125K/yr

... quantitative tools implemented across Truist ... The QAM will also proactively coach junior team members by providing candid and constructive ...

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How much do junior quant jobs pay per hour?

As of Jun 7, 2026, the average hourly pay for junior quant in the United States is $26.96, according to ZipRecruiter salary data. Most workers in this role earn between $16.35 and $33.17 per hour, depending on experience, location, and employer.

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

To thrive as a Junior Quant, you need a strong background in mathematics, statistics, programming (often Python, C++, or R), and typically a degree in a quantitative field such as mathematics, physics, computer science, or engineering. Familiarity with financial modeling tools, statistical analysis software, and version control systems like Git is often required. Outstanding analytical thinking, attention to detail, and the ability to work collaboratively in high-pressure environments are crucial soft skills. These skills and qualities enable Junior Quants to deliver accurate models and insights that drive successful trading and risk management decisions.

What are Junior Quants?

Junior Quants, short for Junior Quantitative Analysts, are entry-level professionals who use mathematical, statistical, and programming skills to analyze financial data and develop models for tasks such as pricing, risk management, and trading strategies. They typically work in investment banks, hedge funds, or financial technology firms under the guidance of senior quantitative analysts. Their responsibilities may include data analysis, coding algorithms, backtesting trading strategies, and supporting senior team members in research and decision-making. Junior Quants often hold degrees in fields like mathematics, physics, engineering, or computer science and may be familiar with programming languages such as Python, R, or C++.

What is the difference between Junior Quant vs Quant Analyst?

AspectJunior QuantQuant Analyst
Required CredentialsBachelor's degree in Math, Finance, or related field; some internshipsBachelor's or Master's degree; often requires some experience
Work EnvironmentEntry-level, supportive team, learning-focusedMore independent, analytical, and project-driven
Employer & Industry UsageFinancial firms, hedge funds, asset managersFinancial institutions, investment banks, hedge funds

Junior Quants are typically entry-level roles requiring foundational skills and limited experience, focusing on learning and supporting senior staff. Quant Analysts usually have more experience, handling complex models and analysis independently. Both roles are common in finance and investment sectors, but Quant Analysts have greater responsibilities and expertise.

What are some common challenges faced by Junior Quants when transitioning from academic work to industry roles?

Junior Quants often find that moving from academic environments to industry roles presents challenges such as adapting to fast-paced deadlines, learning to work within multidisciplinary teams, and applying theoretical models to real-world, often noisy, data. In industry, there's a strong emphasis on producing actionable results and collaborating closely with traders, developers, and other stakeholders. Developing strong communication skills and becoming proficient with industry-standard tools and programming languages are key to overcoming these challenges and excelling in the role.
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Junior Quant jobs near you
Infographic showing various Junior Quant job openings in the United States as of May 2026, with employment types broken down into 3% As Needed, 35% Full Time, 14% Temporary, 47% Contract, and 1% Summer. Highlights an 87% Physical, 5% Hybrid, and 8% Remote job distribution, with an average salary of $56,068 per year, or $27 per hour.

Senior Rates Quant

Quanta Search

Newport Beach, CA • On-site

Full-time

Posted 17 days ago

Job description

Our client, a prominent Asset Management firm, is looking for a seasoned interest rate quant to help lead enhancements of their analytics for interest rate products and increase support for the Asia-Pacific region.
Required Skill Set
  • Strong expertise in stochastic interest rate modelling with a view to pricing, relative value assessment, and risk management of interest rate options
  • Strong technical expertise in vanilla interest rate products, particularly with regards to post 2008 pricing adjustments like xccy basis, tenor basis, collateral discounting
  • Familiarity with non-USD interest rate markets is very useful, particular with regards to the Asia-Pacific region
  • Strong general quantitative skills, specifically financial mathematics, probability, statistics, econometrics. The candidate should have at least a Master's degree in a quantitative discipline such as mathematics, financial economics, econometrics, physics. A PhD degree would be useful, but is not a necessary condition.
  • The candidate must be very comfortable programming in C++ and python
  • An emerging markets fixed income background is a possibility for a strong candidate looking to branch out into more developed markets
Job Description and Functions
The function is that of an interest rate quant supporting the specialist portfolio managers for interest rate and FX products, specifically:
  • Develop enhancements to the design of C++ libraries for interest rate product pricing and risk management. Examples include ongoing improvements to the interest rate and bond curve library, development of models for non-vanilla interest rate products, interface architecture for integration with the wider pricing and risk management systems
  • Develop enhancements to the eco-system for rapid development of pre-trade analytics used by portfolio managers.
  • Mentor more junior members of the team
  • Provide quantitative support and expertise to portfolio managers
Additional Information
The candidate should be a seasoned interest rate quant, typically with 6+ years of experience either on the sell-side or a strong buy-side organization. The position reports to the global head of Rates, FX, Commodities, and EM Analytics, and will help further the global development of interest rate analytics while enhancing the ability of the group to serve portfolio managers in the Asia-Pacific region. The position is intended to be based in Southern CA. Flexibility to travel is a prerequisite.
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