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Phd In Finance Jobs in Chicago, IL (NOW HIRING)

Point72

Cubist Quantitative Researcher

Chicago, IL · On-site

S., M.S. or PhD in finance, economics, mathematics, statistics, data science, computer science, or other quantitative discipline. * Programming in Python (or comparable language) and working ...

IMC Inc

US PhD Talent Community

Chicago, IL · On-site

US PhD Talent Community IMC could be the next step in your research journey! Please complete the ... Since 1989, we've been a stabilizing force in financial markets, providing essential liquidity upon ...

IMC Inc

US PhD Talent Community

Chicago, IL · On-site

US PhD Talent Community IMC could be the next step in your research journey! Please complete the ... Since 1989, we've been a stabilizing force in financial markets, providing essential liquidity upon ...

IMC

Quantitative Researcher - Options

Chicago, IL

Ms or PhD in a highly quantitative field * At least 5 years in financial services or a quantitative environment * Experience in project or people management * Strong programming skills, Python, Java ...

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$30

How much do phd in finance jobs pay per hour?

As of Sep 12, 2026, the average hourly pay for phd in finance in Chicago, IL is $21.03, according to ZipRecruiter salary data. Most workers in this role earn between $17.60 and $23.56 per hour, depending on experience, location, and employer.

What is a PhD in Finance?

A PhD in Finance is a doctoral degree focused on advanced research in financial theory, markets, and quantitative methods. It prepares graduates for careers in academia, research institutions, and high-level industry positions, such as quantitative analysts or policy advisors. The program typically involves coursework in economics, econometrics, and finance, followed by original research culminating in a dissertation. Students develop strong analytical, mathematical, and research skills, making them experts in their field.

What are the key skills and qualifications needed to thrive as a PhD in Finance?

To thrive as a PhD in Finance, you need advanced quantitative analysis skills, deep knowledge of financial theory, and a strong academic background, typically with a doctorate in finance or a related field. Expertise in statistical software (such as Stata, R, or Python), econometric modeling, and familiarity with academic publishing standards are essential. Strong critical thinking, presentation abilities, and collaboration skills help you communicate complex research and work effectively with peers. These competencies are crucial for producing impactful research, teaching effectively, and contributing to both academic and industry advancements.

What types of career paths are available to someone with a PhD in Finance?

A PhD in Finance opens doors to a variety of career paths, including academia, research roles in think tanks, quantitative analysis positions in financial institutions, and policy advisory roles in government agencies. Many graduates pursue tenure-track professorships, where they balance teaching with conducting original research. Others join investment banks, hedge funds, or consulting firms, leveraging their advanced analytical skills to solve complex financial problems. The role often involves collaboration with professionals from economics, statistics, and data science, offering a dynamic and intellectually stimulating work environment.

How much does a PhD in finance make?

A PhD in finance typically earns between $80,000 and $150,000 annually, depending on the industry, location, and experience. Academic positions may offer lower salaries initially but can increase with tenure, while industry roles in finance or consulting tend to pay higher starting salaries. Advanced research skills and knowledge of financial modeling are often required for higher-paying roles.

Is it worth getting a PhD in finance?

A PhD in finance prepares individuals for academic, research, and high-level analytical roles in finance, often requiring strong quantitative skills and familiarity with tools like statistical software. It can lead to careers in academia, research institutions, or specialized industry positions, but it typically involves several years of study and may not be necessary for most finance jobs. The decision depends on career goals and interest in research or teaching roles.

What can I do with a PhD in finance?

A PhD in finance prepares individuals for careers in academia, research, and high-level analytical roles in finance firms, consulting, or government agencies. Graduates often work as university professors, financial analysts, quantitative researchers, or policy advisors, utilizing advanced statistical, mathematical, and economic skills. The degree also enables roles that require deep expertise in financial modeling, risk management, and data analysis.

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Phd In Finance jobs near you
Infographic showing various Phd In Finance job openings in Chicago, IL as of September 2026, with employment types broken down into 1% Internship, 91% Full Time, 6% Part Time, and 2% Contract. Highlights an 80% Physical, 6% Hybrid, and 14% Remote job distribution, with an average salary of $43,740 per year, or $21 per hour.

Assistant/Associate Professor of Finance

Chicago, IL • On-site

The University of Chicago
Colleges, Universities, and Professional Schools • 10K+ employees
Learn more about The University of Chicagoexternal

Full-time

Posted 11 days ago

University Of Chicago rating

8.1

Company rating: 8.1 out of 10

Based on 47 frontline employees who took The Breakroom Quiz

Job description

Description
The University of Chicago Booth School of Business is seeking to appoint outstanding scholars to tenure-track positions in Finance for the 2027-28 academic year.
Qualifications
We invite applications from those who hold a PhD (or equivalent) or expect to complete the requirements for a PhD in finance by July 1, 2027 or soon thereafter. (We require all tenure track faculty to have a PhD or equivalent. We will appoint those whose degree requirements have not been satisfied by this date as instructors, the expectation being that all PhD requirements will be satisfied soon thereafter, at which time you will be appointed as an assistant professor.)
Members of our faculty are expected to conduct original research of exceptionally high quality, to teach effectively, and to participate in and contribute to the academic environment.
Application Instructions
Each candidate should submit a curriculum vitae, a sample of written work, and the names of at least two scholars qualified and willing to evaluate the candidate's ability, training, and potential for research and teaching.
We will start formally reviewing applications on November 10, 2026, and strongly encourage you to complete your application by then. We will continue to accept applications until March 31, 2027.
This position is benefits eligible - for information on benefits, please consult the University of Chicago Benefits Guide: https://mybenefits.nfp.com/UChicago/benefits-guide/.
The University of Chicago uses AI-assisted tools to streamline and augment some recruitment processes; however, AI is not used to make hiring decisions.

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