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Junior Quantitative Jobs (NOW HIRING)

Quanta Search

Jr. Quantitative Developer

Manhattan, NY

$73.20K - $95K/yr

As a Jr. Quantitative Developer, you wil l: Build research tools and applications for processing and examining market data Develop and test data-centric theories aimed at understanding market ...

Quanta Search

Jr. Quantitative Developer

Manhattan, NY · On-site

$73.20K - $95K/yr

As a Jr. Quantitative Developer, you wil l: • Build research tools and applications for processing and examining market data • Develop and test data-centric theories aimed at understanding market ...

Anson McCade

Junior Quantitative Trader

Chicago, IL · On-site +1

What you'll do: • Design and optimize systematic options trading strategies using quantitative research and machine learning techniques • Build and refine algorithmic trading models from ideation ...

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How much do junior quantitative jobs pay per hour?

As of May 29, 2026, the average hourly pay for junior quantitative 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 Quantitative Analyst, and why are they important?

To thrive as a Junior Quantitative Analyst, you need strong analytical skills, a solid background in mathematics or statistics, and at least a bachelor's degree in a quantitative field such as mathematics, statistics, finance, or engineering. Familiarity with programming languages like Python, R, or MATLAB, as well as proficiency in Excel and experience with data analysis tools, is typically required. Attention to detail, problem-solving abilities, and effective communication skills help you translate complex analyses into actionable insights. These skills and qualifications are crucial for building accurate financial models, supporting decision-making, and contributing meaningfully to data-driven teams.

What are some common challenges faced by Junior Quantitative Analysts in their first year, and how can they overcome them?

Junior Quantitative Analysts often encounter challenges such as adapting to the fast-paced environment, bridging the gap between academic theory and practical application, and mastering company-specific tools and large datasets. Building strong communication with senior team members and proactively seeking feedback can help overcome these hurdles. Additionally, dedicating time to learn the firm's proprietary systems and collaborating closely with cross-functional teams—like traders and software engineers—will accelerate both skill development and confidence in the role.

What are Junior Quantitatives?

Junior Quantitatives, often called 'junior quants,' are entry-level professionals who use mathematical, statistical, and computational methods to analyze financial data and develop models for trading, risk management, or investment strategies. They typically work under the supervision of senior quants in financial institutions, such as investment banks, hedge funds, or asset management firms. Their responsibilities often include data analysis, model development, programming, and assisting in the implementation of quantitative strategies. Junior quants usually have strong backgrounds in mathematics, statistics, finance, or computer science. This role is a starting point for building a career in quantitative finance.

What is the difference between Junior Quantitative vs Quantitative Analyst?

AspectJunior QuantitativeQuantitative Analyst
Required CredentialsBachelor's degree in math, finance, or related field; some internshipsBachelor's or master's degree; often more experience or certifications
Work EnvironmentEntry-level, supportive team, learning-focusedMore independent, project-driven, higher responsibility
Employer & Industry UsageFinancial firms, hedge funds, banksFinancial institutions, asset management, hedge funds

The main difference between Junior Quantitative and Quantitative Analyst roles lies in experience and responsibility. Junior Quantitative positions are entry-level, focusing on learning and supporting senior staff, while Quantitative Analysts handle more complex analysis and decision-making. Both roles are common in finance and share similar educational backgrounds, but the level of experience and independence distinguishes them.

More about Junior Quantitative jobs
What cities are hiring for Junior Quantitative jobs? Cities with the most Junior Quantitative job openings:
What are the most commonly searched types of Quantitative jobs? The most popular types of Quantitative jobs are:
What states have the most Junior Quantitative jobs? States with the most job openings for Junior Quantitative jobs include:
What job categories do people searching Junior Quantitative jobs look for? The top searched job categories for Junior Quantitative jobs are:
Junior Quantitative jobs near you
Infographic showing various Junior Quantitative job openings in the United States as of May 2026, with employment types broken down into 2% Internship, 81% Full Time, 11% Part Time, and 6% Contract. Highlights an 93% Physical, 1% Hybrid, and 6% Remote job distribution, with an average salary of $56,068 per year, or $27 per hour.

Jr. Quantitative Developer

Quanta Search

Manhattan, NY

$73.20K - $95K/yr

Other

Posted 3 days ago

Job description

Our client, a leading prop trading shop, is currently seeking a Jr. Quantitative Developer.
As a Jr. Quantitative Developer, you will:
Build research tools and applications for processing and examining market data
Develop and test data-centric theories aimed at understanding market liquidity patterns
Debug, modify, and enhance in-house technologies, systems, and processes
Requirements
Undergraduate degree (or higher) in Math. Physics, Computer Science/Engineering,
Basic Proficiency in C++ including modern OOP for building scalable production
applications
Proficiency in suitable data research & modeling language: Python, R, and possibly
Matlab
Firm grasp of data structures and algorithms and knowledge of their computational
tradeoffs
Knowledge and experience of basic options pricing theory
Knowledge and understanding of software & data engineering principles and practice
Additional Helpful Skills
Financial experience
A graduate degree in a relevant technical field
Knowledge of financial markets and trading
Demonstrable experience working on large production C++ systems (10k+ lines of code)

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