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Lead Quantitative Analyst Jobs (NOW HIRING)

Lead Quantitative Analyst

Chicago, IL · On-site

$114K - $167K/yr

Use quant techniques, machine learning, portfolio construction, risk analytics, and statistical testing to turn investment ideas into durable, rules-based index methodologies. * Push the use of AI ...

Lead Quantitative Analyst

Chicago, IL · On-site

$114K - $167K/yr

Use quant techniques, machine learning, portfolio construction, risk analytics, and statistical testing to turn investment ideas into durable, rules-based index methodologies. * Push the use of AI ...

The Lead Quantitative Analytics Associate leverages advanced mathematical knowledge and analysis to provide solutions to predictive and prescriptive questions such as "What will happen next?" and ...

The Lead Quantitative Analytics Associate leverages advanced mathematical knowledge and analysis to provide solutions to predictive and prescriptive questions such as "What will happen next?" and ...

The Lead Quantitative Analytics Associate leverages advanced mathematical knowledge and analysis to provide solutions to predictive and prescriptive questions such as "What will happen next?" and ...

The Lead Quantitative Analytics Associate leverages advanced mathematical knowledge and analysis to provide solutions to predictive and prescriptive questions such as "What will happen next?" and ...

The Quantitative Analyst supports the Business Optimization and Innovation team's efforts to ... Lead innovative, technical 0-to-1 design and development of models, simulations, and analytics that ...

The Quantitative Analyst supports the Business Optimization and Innovation team's efforts to ... Lead innovative, technical 0-to-1 design and development of models, simulations, and analytics that ...

The Lead Quantitative Analytics Associate leverages advanced mathematical knowledge and analysis to provide solutions to predictive and prescriptive questions such as "What will happen next?" and ...

$140K - $165K/yr

We are seeking a Lead Quantitative Analyst to lead analytical work across customer conversion, follow-up, retention, and recapture. This is a hands-on individual contributor role requiring strong ...

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Lead Quantitative Analyst information

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$60.5K

$123.8K

$175K

How much do lead quantitative analyst jobs pay per year?

As of Sep 2, 2026, the average yearly pay for lead quantitative analyst in the United States is $123,849.00, according to ZipRecruiter salary data. Most workers in this role earn between $98,000.00 and $153,500.00 per year, depending on experience, location, and employer.

What is a lead quantitative analyst?

Lead Quantitative Analysts are senior professionals who use advanced mathematical, statistical, and computational techniques to analyze data and support decision-making in industries like finance, insurance, and technology. They typically oversee teams of quantitative analysts, develop complex models to assess risk or forecast trends, and collaborate with other departments to solve business challenges. Their work helps organizations make data-driven decisions, improve processes, and maintain a competitive edge.

What does a lead quantitative analyst do?

A Lead Quantitative Analyst often serves as a key bridge between data science, risk management, and business strategy teams. They are responsible for translating complex quantitative models into actionable insights that non-technical stakeholders can utilize, ensuring that modeling aligns with business objectives. Collaborating closely with IT, traders, and compliance professionals, they help shape project requirements, validate model performance, and address regulatory considerations. This level of cross-functional involvement not only enhances project outcomes but also provides valuable leadership and mentorship opportunities within the organization.

What skills and qualifications are needed to thrive as a lead quantitative analyst?

To thrive as a Lead Quantitative Analyst, you need advanced expertise in statistical modeling, data analysis, mathematics, and a relevant postgraduate degree such as a Master's or PhD in quantitative fields. Proficiency with analytical software and programming languages like Python, R, SQL, and experience with data visualization and machine learning tools is essential. Strong leadership, critical thinking, and communication skills help drive team performance and effectively translate complex analyses into actionable business insights. These skills are crucial for delivering accurate forecasts, supporting strategic decisions, and leading high-impact analytical teams in data-driven environments.

What is the difference between Lead Quantitative Analyst vs Quantitative Analyst?

AspectLead Quantitative AnalystQuantitative Analyst
CredentialsBachelor's/Master's in Finance, Mathematics, or related; often requires experience in analytics rolesBachelor's or higher in similar fields; entry to mid-level experience
Work EnvironmentSenior role overseeing projects, mentoring teams, and strategic decision-makingExecuting models, data analysis, and supporting senior staff
Employer & Industry UsageFinancial firms, investment banks, hedge funds, asset managementSimilar industries, often as entry or mid-level roles within finance

The Lead Quantitative Analyst typically holds a senior position with leadership responsibilities, overseeing teams and strategic projects. In contrast, the Quantitative Analyst focuses on data analysis and model development, often as an entry or mid-level role. Both roles require strong quantitative skills and relevant credentials, but the Lead role emphasizes leadership and strategic oversight.

More about Lead Quantitative Analyst jobs

What cities are hiring for Lead Quantitative Analyst jobs?

Cities with the most Lead Quantitative Analyst job openings:

Infographic showing various Lead Quantitative Analyst job openings in the United States as of August 2026, with employment types broken down into 89% Full Time, 9% Part Time, and 2% Contract. Highlights an 91% Physical, 3% Hybrid, and 6% Remote job distribution, with an average salary of $123,849 per year, or $59.5 per hour.

Lead Quantitative Analyst

Morningstar, Inc.

Chicago, IL • On-site

$114K - $167K/yr

Full-time

Medical, Dental, Life, Retirement

Posted 13 days ago


MorningStar Senior Living rating

6.7

Company rating: 6.7 out of 10

Based on 30 frontline employees who took The Breakroom Quiz

64th of 245 rated social care providers


Job description

The Area: Morningstar Indexes is building the next generation of index products at the intersection of markets, quant research, data science, and AI. This is a hands-on builder role for someone who wants to move fast, experiment with new tools, turn bold ideas into scalable index solutions, and help redefine how investment products are researched, tested, and launched. The role is based in our Chicago office and requires at least four days a week in office.
The Responsibilities:
  • Build and launch new benchmark, thematic, factor, strategic beta, and multi-asset indexes from concept to market in partnership with research, product, technology, operations, and commercial teams.
  • Drive the full product innovation cycle-spot opportunities, explore data, test signals, run back-tests, shape methodology, solve implementation challenges, and get products launch-ready.
  • Use quant techniques, machine learning, portfolio construction, risk analytics, and statistical testing to turn investment ideas into durable, rules-based index methodologies.
  • Push the use of AI, coding assistants, and agentic workflows to automate research, speed up analysis, test methodology logic, and make product development smarter and faster.
  • Bring builder energy to the team by creating tools, prototypes, dashboards, research insights, and client-ready stories that make complex quant and AI ideas easy to understand and exciting to use.

The Requirements:
  • 4+ years of experience in indexes, asset management, investment banking, fintech, systematic investing, quantitative research, or a related investment technology environment.
  • Strong quant toolkit, including hands-on experience with investment analysis, factor research, portfolio construction, back-testing, risk analytics, or systematic strategy design.
  • Proficient in writing code and working with data using Python, R, SQL, MATLAB, or similar tools to prototype ideas, analyze large datasets, and automate repeatable workflows.
  • Excited by AI-first ways of working, with experience using tools such as Microsoft Copilot, GitHub Copilot, Claude Code, Gemini, ChatGPT, or similar platforms; exposure to AI agents, RAG, or workflow orchestration is a plus.
  • Clear communicator who can translate complex quant, AI, and investment concepts into methodology documents, research notes, presentations, and compelling client-facing narratives.
  • Experience developing and using optimized portfolio construction and risk modelling tools, factor investment strategies, private equity data, and index derivatives strategies is a strong plus.

Why this role is exciting: You will join a global indexes team with the freedom to build, experiment, and scale new ideas-using AI, quant research, and modern development tools to create products that can reach investors around the world.
Compensation and Benefits
At Morningstar we believe people are at their best when they are at their healthiest. That's why we champion your wellness through a wide range of programs that support all stages of your personal and professional life. Here are some examples of the offerings we provide:
  • Financial Health
    • 100% 401k match up to 6% of salary
    • Stock Ownership Potential
    • Company provided life insurance - 1x salary + commission
  • Physical Health
    • Comprehensive health benefits (medical/dental/vision) including potential premium discounts and company-provided HSA contributions (up to $500-$2,000 annually) for specific plans and coverages
    • Additional medical Wellness Incentives - up to $300-$600 annual
    • Company-provided long- and short-term disability insurance
  • Emotional Health
    • Trust-Based Time Off
    • 6-week Paid Sabbatical Program
    • 6-Week Paid Family Caregiving Leave
    • Competitive 8-24 Week Paid Parental Leave
    • Adoption Assistance
    • Leadership Coaching & Formal Mentorship Opportunities
    • Annual Flex Stipend - $1000 annually to cover personal education & well-being expenses
    • Tuition Reimbursement
  • Social Health
    • Charitable Matching Gifts program
    • Dollars for Doers volunteer program
    • Paid volunteering days
    • 15+ Employee Resource & Affinity Groups

Total Cash Compensation Range
$114,100.00-167,350.00
Inclusive of annual base salary and target incentive
Morningstar's hybrid work environment gives you the opportunity to collaborate in-person each week as we've found that we're at our best when we're purposely together on a regular basis. In most of our locations, our hybrid work model is four days in-office each week. A range of other benefits are also available to enhance flexibility as needs change. No matter where you are, you'll have tools and resources to engage meaningfully with your global colleagues.
001_MstarInc Morningstar Inc. Legal Entity

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