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

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 ...

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 ...

... for PhD talent. About Us IMC is a global trading firm powered by a cutting-edge research ... Since 1989, we've been a stabilizing force in financial markets, providing essential liquidity upon ...

Quantitative Researcher - Options

Chicago, IL ยท On-site

$250K - $300K/yr

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 ...

Machine Learning Engineer

Chicago, IL ยท On-site

$80 - $120/hr

The Machine Learning Researcher should be interested in Financial Markets, and will be directly ... Preferred Qualifications PhD in Mathematics, Engineering, Physics or related field; 4-8 years ...

New

FP&A Manager - AI Trainer

Elgin, IL ยท Remote

$50 - $100/hr

... in a finance-related discipline. A Master's or PhD (completed or in progress) is strongly preferred. Relevant backgrounds include Financial Accounting, Investment Banking, Corporate Development ...

FP&A Manager - AI Trainer

Naperville, IL ยท Remote

$50 - $100/hr

... in a finance-related discipline. A Master's or PhD (completed or in progress) is strongly preferred. Relevant backgrounds include Financial Accounting, Investment Banking, Corporate Development ...

FP&A Manager - AI Trainer

Chicago, IL ยท Remote

$50 - $100/hr

... in a finance-related discipline. A Master's or PhD (completed or in progress) is strongly preferred. Relevant backgrounds include Financial Accounting, Investment Banking, Corporate Development ...

FP&A Manager - AI Trainer

Joliet, IL ยท Remote

$50 - $100/hr

... in a finance-related discipline. A Master's or PhD (completed or in progress) is strongly preferred. Relevant backgrounds include Financial Accounting, Investment Banking, Corporate Development ...

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Phd In Finance information

See Chicago, IL salary details

$11

$21

$30

How much do phd in finance jobs pay per hour?

As of Aug 7, 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 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.

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 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.

Is it hard to get a PhD in finance?

A PhD in finance is a challenging academic program that requires strong quantitative skills, research ability, and dedication over several years. It involves rigorous coursework, comprehensive exams, and original research, making it a demanding but rewarding path for those interested in academic or research careers in finance.

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 statistical tools. It can lead to careers in university teaching, research institutions, or specialized industry positions, but it typically involves several years of study and limited immediate job opportunities compared to other finance degrees.

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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Infographic showing various Phd In Finance job openings in Chicago, IL as of August 2026, with employment types broken down into 91% Full Time, 6% Part Time, and 3% Contract. Highlights an 85% Physical, 5% Hybrid, and 10% Remote job distribution, with an average salary of $43,741 per year, or $21 per hour.

Senior Quantitative Researcher, Buy-Side, PhD Preferred

Next Step Systems

Chicago, IL โ€ข On-site

Full-time

Medical, Retirement, PTO

Re-posted 2 days ago


Job description

Senior Quantitative Researcher, Buy-Side, PhD Preferred, Chicago, IL
We are seeking a Senior Quantitative Researcher with Buy-Side and PhD Preferred, for a great opportunity in Chicago.
Responsibilities:
- Work collaboratively with the technology and business teams to develop an understanding of complex financial markets, products, and strategies.
- Analyze financial market data to identify patterns and potential opportunities.
- Develop forecasts and building predictive and profitable trading models.
- Explore and work with industry leading software and research tools.
- Work alongside industry experts in the fields of technology and quantitative finance.
- Lead/mentor junior team members.
- Work on challenging and dynamic problems in a team atmosphere.
- Take ownership of and leading projects from start to finish.
Qualifications:
- 5-15 years of relevant experience.
- Futures Asset Class and High Frequency experience preferred.
- Must have direct experience with a Buy-Side firm.
- Knowledge of programming concepts (C++ preferred but not required).
- Experience actively building predictive models and analyzing the market.
- Desire to grow into leadership role preferred.
- Problem solvers who are driven, self-motivated, and "outside of the box" thinkers.
- Motivated, dependable, and responsible team players.
- Excellent written and spoken communication skills.
- Bachelor's, Master's, or PhD in a related field (Mathematics, Statistics, Physics, Computer Science).
- Must be willing to take ownership.
*Looking for candidates from top tier universities with a strong GPA. PhD in mathematics, statistics, physics or engineering is preferred. Will consider candidates who have a Master's degree along with work experience. Top universities include Massachusetts Institute of Technology/MIT, Carnegie Mellon University, Princeton University, Harvard University, University of California-Berkeley, Stanford University, University of Chicago, California Institute of Technology, University of California, Los Angeles, Columbia University, New York University, University of Michigan, Ann Arbor, Yale University, Cornell University, Brown University, etc.
Benefits include medical insurance, retirement plan, PTO, etc. Salary: 80K+ DOE. Keywords: Chicago IL Jobs, Senior Quantitative Researcher PhD Preferred, Buy-Side, C++, Java, Python, R, Quant, Machine Learning, Financial, Trading, Software Engineer, Software Developer, Programming, Programmer Analyst, Chicago Recruiters, Information Technology Jobs, IT Jobs, Chicago Recruiting
Company Will Sponsor Visas! Company Will Relocate Candidates!
Looking to hire for similar positions in Chicago, IL or in other cities? Our IT recruiting agencies and staffing companies can help.
We help companies that are looking to hire Senior Quantitative Researchers for jobs in Chicago, Illinois and in other cities too. Please contact our IT recruiting agencies and IT staffing companies today! Phone 630-428-0600 ext 11 or email us at jobs@nextstepsystems.com. Click here to submit your resume for this job and others.
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