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New Grad Engineer Jobs in Paterson, NJ (NOW HIRING)

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New Grad Engineer information

See Paterson, NJ salary details

$11.2K

$73.9K

$127.8K

How much do new grad engineer jobs pay per year?

As of Sep 7, 2026, the average yearly pay for new grad engineer in Paterson, NJ is $73,917.00, according to ZipRecruiter salary data. Most workers in this role earn between $45,800.00 and $84,500.00 per year, depending on experience, location, and employer.

What is a new grad engineer?

A New Grad Engineer is an individual who has recently graduated from a university or college with an engineering degree and is starting their professional career. These engineers are typically in entry-level positions, where they apply the knowledge and skills acquired during their studies to real-world engineering problems. New Grad Engineers often participate in training programs, work under the guidance of more experienced engineers, and gradually take on more responsibility as they gain experience. Their roles can vary widely depending on the industry and the specific company they join.

What are the key skills and qualifications needed to thrive as a new grad engineer?

To thrive as a New Grad Engineer, you generally need a solid foundation in engineering principles, problem-solving abilities, and a relevant bachelor's degree. Familiarity with industry-standard software, such as CAD tools or programming languages, and internships or relevant project experience are highly valued. Strong communication, teamwork, and a willingness to learn help new engineers adapt quickly and collaborate effectively. These skills enable new engineers to contribute meaningfully to projects, integrate into teams, and grow within fast-paced technical environments.

What types of projects are new grad engineers typically assigned during their first year?

As a new grad engineer, you can expect to start with smaller, well-defined tasks that allow you to become familiar with the company's tools, processes, and codebase (if applicable). These projects are often part of a larger team effort and are designed to help you build confidence while contributing meaningfully. Over time, you'll likely be given more complex assignments and may have the opportunity to take ownership of specific features or problem areas. Regular collaboration with senior engineers and cross-functional teams is common, providing valuable learning and mentorship opportunities as you develop your skills.

What is the difference between New Grad Engineer vs Entry Level Engineer?

AspectNew Grad EngineerEntry Level Engineer
Required CredentialsBachelor's degree in engineering or related fieldBachelor's degree in engineering or related field
Work EnvironmentInternship or first full-time role, often in training programsFull-time position, performing basic engineering tasks
Employer & Industry UsageCommonly used for recent graduates entering engineering rolesUsed for professionals with minimal work experience in engineering

Both roles typically require a bachelor's degree in engineering. A New Grad Engineer often refers to someone just starting their career, possibly in a structured training program, while an Entry Level Engineer is a full-time employee performing foundational engineering tasks. The terms are frequently used interchangeably, but 'New Grad Engineer' emphasizes recent graduation, whereas 'Entry Level Engineer' highlights minimal experience.

Are new graduate engineers struggling to find jobs?

New graduate engineers often face competitive job markets, but opportunities are available for those with strong technical skills, relevant internships, and certifications. Success depends on networking, interview preparation, and staying updated with industry tools and trends.

How to get a job as a new graduate engineer?

To secure a job as a new graduate engineer, candidates should focus on building a strong technical foundation through relevant coursework and internships, develop proficiency in engineering tools and software, and prepare a professional resume highlighting project experience. Networking with industry professionals and applying to entry-level positions through company career portals or job boards are also essential steps.

What jobs do new graduate engineers go into?

New graduate engineers typically start in entry-level roles such as design engineer, manufacturing engineer, quality engineer, or systems engineer. These positions often require knowledge of engineering principles, technical skills, and sometimes certifications or internships to qualify for the roles.

What cities near Paterson, NJ are hiring for New Grad Engineer jobs?

Cities near Paterson, NJ with the most New Grad Engineer job openings:

New Grad Engineer jobs near you

New Grad Full-Time Quantitative Trader

WallStreetQuants

New York, NY • On-site

Full-time

Re-posted 10 days ago

Job description

About the Role

Proprietary trading firm based in New York City is seeking a highly motivated New Graduate Quantitative Trader to join the team full-time. In this role, you will apply analytical thinking and market intuition to pricing, execution, and risk decisions as part of the firm's quantitative trading team.

This is an ideal opportunity for recent graduates who are passionate about financial markets, probability, game theory, technology, and fast-paced decision-making. The work spans quant trading, algorithmic trading, market making, probability, execution, and risk management. You will work closely with experienced traders, quantitative researchers, and engineers to learn how modern strategies, models, and trading systems are designed, tested, and implemented.

The team is small, technical, and collaborative, with direct access to experienced traders, quantitative researchers, engineers, high-quality market data, and modern research infrastructure.

This is a hybrid opportunity based in New York, United States.

Requirements

Responsibilities

- Reason through pricing, risk, and execution decisions.

- Analyze trade outcomes and market behavior with data.

- Build disciplined habits around probability, sizing, and feedback loops.

- Monitor and analyze real-time market data to identify trading opportunities.

- Support the development, testing, and refinement of quantitative trading strategies.

- Make fast, data-informed trading decisions while managing risk.

- Conduct statistical analysis on historical and live market data.

- Evaluate market microstructure, liquidity, volatility, and other drivers of price movement.

- Participate in trading simulations, training programs, and strategy review sessions.

- Communicate trade ideas, risks, and performance insights clearly to the team.

- Continuously improve decision-making through feedback, research, and post-trade analysis.

Qualifications

- Final-year student or recent graduate from any degree discipline with strong analytical instincts.

- Comfort with probability, mental math, games, markets, or coding.

- Interest in learning within a fast-feedback trading environment; no prior quant or finance experience is required.

- Final-year student or recent graduate from any degree discipline who is ready to begin a full-time role.

- No specific academic major is required; analytical ability and learning speed matter more than subject studied.

- Strong quantitative, analytical, and problem-solving skills.

- Interest in financial markets, trading, probability, strategy games, or competitive problem-solving.

- Ability to make decisions quickly and remain calm under pressure.

- Strong attention to detail, intellectual curiosity, and a disciplined approach to risk.

- Programming experience in Python or a similar language is preferred.

- Prior internship, research, trading competition, or personal project experience is a plus but not required.

- Applicants from every degree discipline are welcome.

- No prior quantitative finance, trading, or investment-industry experience is required.

- Strong attention to detail, intellectual curiosity, and a commitment to continuous improvement.

- Excellent communication and teamwork skills.

Ideal Candidate

The ideal candidate is intellectually curious, competitive, numerically strong, and comfortable making decisions with incomplete information. You enjoy solving complex problems, thinking strategically, learning from feedback, and working in a fast-moving environment where performance and precision matter.

Benefits

What We Offer
  • Comprehensive training in trading, market structure, risk management, and quantitative strategy development.
  • Mentorship from experienced quantitative traders, researchers, engineers, and technologists.
  • Exposure to live markets, real financial datasets, and the full path from idea to implementation.
  • A collaborative, high-performance environment that values curiosity, discipline, and continuous learning.
  • Opportunities for rapid growth based on performance, ownership, and measurable impact.
  • Competitive compensation and a benefits package aligned with the employer and location.
  • Competitive compensation and benefits package.

Apply