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Junior Quantitative Researcher Jobs (NOW HIRING)

Akuna Capital

Junior Quantitative Researcher

Chicago, IL · On-site

$145K/yr

What you'll do as a Junior Quantitative Researcher at Akuna: Akuna's Quant team is looking to add Junior Quant Researchers to a team of mathematicians, statisticians, and technologists. This team ...

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How much do junior quantitative researcher jobs pay per year?

As of Aug 25, 2026, the average yearly pay for junior quantitative researcher in the United States is $119,165.00, according to ZipRecruiter salary data. Most workers in this role earn between $78,500.00 and $152,500.00 per year, depending on experience, location, and employer.

What is a junior quantitative researcher?

A Junior Quantitative Researcher is an entry-level role in finance, typically within hedge funds, investment banks, or asset management firms. They analyze financial data, develop statistical models, and create algorithms to identify market opportunities. The job involves programming, data analysis, and implementing quantitative strategies under the supervision of senior researchers. Strong mathematical, programming, and problem-solving skills are essential.

What is a typical day like for a junior quantitative researcher?

As a Junior Quantitative Researcher, your day typically involves gathering and analyzing large data sets, developing statistical models, and interpreting results to support the team’s projects. You may participate in team meetings to discuss research goals, help design experiments, and collaborate with more senior researchers or analysts. Expect to spend a significant amount of time coding, troubleshooting data issues, and preparing reports or presentations based on your findings. This role offers opportunities to learn from experienced team members, expand your technical skills, and contribute to important decision-making processes.

What are the key skills and qualifications needed to thrive as a junior quantitative researcher?

To thrive as a Junior Quantitative Researcher, you need strong analytical skills, a background in mathematics, statistics, or a related field, and proficiency with data analysis. Familiarity with programming languages such as Python, R, or MATLAB, as well as experience using statistical software and basic knowledge of database systems, is often required. Attention to detail, critical thinking, and effective communication are valuable soft skills for explaining findings and working within diverse teams. These capabilities are essential for accurately interpreting complex data and delivering actionable insights in research-driven environments.

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Infographic showing various Junior Quantitative Researcher job openings in the United States as of August 2026, with employment types broken down into 100% Full Time. Highlights an 100% In-person job distribution, with an average salary of $119,165 per year, or $57.3 per hour.

Junior Quantitative Researcher

Chicago, IL • On-site

Akuna Capital
Finance and Insurance • 201 - 500 employees
Learn more about Akuna Capitalexternal

$145K/yr

Full-time

Medical, Dental, Vision, Retirement, PTO

Re-posted 12 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 Researcher at Akuna:
Akuna's Quant team is looking to add Junior Quant Researchers to a team of mathematicians, statisticians, and technologists. This team creates trading strategies scientifically by combining its quantitative expertise with sophisticated understanding of derivatives and financial markets.
We are looking for talented researchers who can apply and develop machine learning algorithms to contribute to Akuna's strategy portfolio. In this role you will:
  • Develop trading strategies using statistical and machine learning algorithms.
  • Design and implement optimization algorithms for portfolio construction.
  • Develop quantitative models describing market behavior.
  • Advance existing initiatives and explore opportunities for new research topics.

Qualities that make great candidates:
  • Bachelors, masters, or PhD in a technical field - Engineering, Statistics, Computer Science, Mathematics, Physics (or a related subject) must be completed upon employment
  • Expertise in statistics and machine learning
  • Experience building mathematical models for complex real-world problems
  • Intermediate programming skills in Python
  • 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
  • Financial experience is not a requirement
  • 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

**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 for 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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