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Junior Quantitative Jobs in Minnesota (NOW HIRING)

Serve as intermediary between Account Manager (Partners), junior staff resources (Analyst ... Strong quantitative background and skill set * Highly proficient in MS Excel and PowerPoint

They support and mentor junior staff, fostering skill development and knowledge transfer. Above all ... Software: strong quantitative and computer skills, including a familiarity with groundwater models ...

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Junior Quantitative information

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$7

$26

$46

How much do junior quantitative jobs pay per hour?

As of Aug 24, 2026, the average hourly pay for junior quantitative in Minnesota is $26.40, according to ZipRecruiter salary data. Most workers in this role earn between $16.01 and $32.50 per hour, depending on experience, location, and employer.

What is a junior quantitative?

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 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 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.

Is a junior quantitative an entry level job?

A junior quantitative role is typically considered an entry-level position in finance or data analysis, often requiring a bachelor's degree in a related field and some programming or statistical skills. It is designed for candidates with limited professional experience and provides training to develop technical expertise in quantitative methods.

What is the salary of a junior quantitative researcher?

The salary of a junior quantitative researcher typically ranges from $60,000 to $90,000 annually, depending on the location, industry, and level of experience. Entry-level roles often require proficiency in programming languages like Python or R and strong analytical skills.

What are the most commonly searched types of Quantitative jobs in Minnesota?

The most popular types of Quantitative jobs in Minnesota are:

Infographic showing various Junior Quantitative job openings in Minnesota as of August 2026, with employment types broken down into 80% Full Time, 16% Part Time, 3% Contract, and 1% Nights. Highlights an 71% Physical, 6% Hybrid, and 23% Remote job distribution, with an average salary of $54,914 per year, or $26.4 per hour.

Junior Fixed Income Analyst

Saint Louis Park, MN • On-site

$70K - $85K/yr

Full-time

Posted 6 days ago


Job description

PTMA Financial Solutions, provides treasury management, liquidity management, and other financial products and services to the public sector. In addition to more than 12,000 local governments, school districts and other public entities, we also partner with over 1,000 financial institutions to help strengthen communities from coast to coast. Our family of financial services companies offers local government investment pool administration, investment advisory services, term investments, cashflow analysis, bond proceeds management, and public finance services for public entities plus stable deposit funding solutions for financial institutions. Our financial expertise, comprehensive products, and advanced technology help clients achieve more today for a better tomorrow. The firm's primary operational hubs are in Denver, Colorado, and Naperville, Illinois, with other offices throughout the United States.
Job Summary:
The Analyst supports fixed income credit research and surveillance of assigned industry sectors working closely with portfolio managers. In this role the analyst supports the separate account portfolio management team and further contributes to the broader risk management function.
Duties/Responsibilities:
  • Support the portfolio management team's implementation of credit exposure into separately managed accounts. Conduct quantitative and fundamental analysis and relevant research to support the research process.
  • Support portfolio managers and investment committee by performing quantitative/qualitative analyses, ratings assignments and reviews, relative value assessments, and providing appropriate profile updates and changes.
  • Assist with written reports on earnings releases/other impactful updates and communicate findings and insights to the investment team for its inclusion in portfolio strategy and positioning.
  • Ongoing monitoring of separately managed account exposures. Utilize various financial news and data sources, investment industry research and publications, and regulatory releases to analyze sector/credit trends.
  • Maintain and support financial models, evaluate sector statistics, and provide peer analysis to support recommendations and anticipate potential changes to quality profiles.
  • Support internal models and the methodology for systems utilized by the team in the credit research process. Identify opportunities for improved risk management across our disciplines.
  • Proven quant skills. Prepare and develop reports to support the Portfolio Management Team and client reporting as needed or to be used as decision support for executive and client facing meetings.
  • Collaborate and provide backup support to the Quantitative and Risk Analyst functions as needed
  • Develop proficiency with key research and portfolio management tools, including Bloomberg, Clearwater Analytics, S&P, PTMA databases

Required Skills/Abilities:
  • Working knowledge of the security types held across SMA portfolios, including fixed income instruments such as corporate bonds, treasuries, agency mortgages, CMBS, CMOs, municipal bonds, and preferreds.
  • Solid understanding of fixed income and equity trade settlement, custody operations, and corporate actions processing.
  • Strong attention to detail and accuracy
  • Ability to research and resolve data discrepancies independently, and to escalate matters requiring senior review in a timely, well-documented manner.
  • Effective written and verbal communication skills, including the ability to provide clear, timely notification to Portfolio Managers and team members.
  • Demonstrates effective collaboration across a multi-disciplinary team environment, including Middle Office, Settlements, Sales, Portfolio Management, and Onboarding and Offboarding.
  • Ability to manage multiple priorities and adapt quickly to shifting business needs
  • Strong analytical mindset with the ability to think both conceptually and at the transaction level.
  • Advanced Microsoft Excel skills, including pivot tables, lookups, formulas, data validation, and reconciliation workflows across large data sets; experience with Python or other tools for large-scale data analysis is a plus.

Education and Experience:
  • Bachelor's degree required, preferably in Finance, Economics, Mathematics or a related field with a preference for progress toward CFA and/or MBA
  • 1 to 3 years of experience in the investment management or investment banking industry as an entry level fixed income trader or analyst
  • Proficient in Microsoft Word, PowerPoint, and Outlook.

Physical Requirements: Must be able to work at a computer for long periods of time. Lift up to 15 lbs.
NO AGENCIES PLEASE
The pay range for this role is:
70,000 - 85,000 USD per year (Minnesota- SLP)