1

Phd Quant Jobs in Worcester, MA (NOW HIRING)

Director, CPMS Oncology

Waltham, MA · On-site

$188.10 - $313.50/hr

PhD in Quantitative Clinical Pharmacology and Pharmacometrics disciplines (e.g., pharmacology, engineering or statistics) and experience in using modeling/simulation to solve practical problems in ...

Biostatistician

Worcester, MA · Remote

$60 - $65/hr

Advanced degree (MSc or PhD) in Biostatistics, Statistics, or a closely related quantitative field. * Nice to have: Experience as lead statistician on pivotal/registrational studies, authoring or ...

next page

Showing results 1-20

Phd Quant information

See Worcester, MA salary details

$97.8K

$169.4K

$258.9K

How much do phd quant jobs pay per year?

As of Aug 26, 2026, the average yearly pay for phd quant in Worcester, MA is $169,359.00, according to ZipRecruiter salary data. Most workers in this role earn between $134,200.00 and $198,600.00 per year, depending on experience, location, and employer.

What is a PhD Quant?

A PhD Quant, short for Quantitative Analyst with a PhD, is a professional who uses advanced mathematical, statistical, and computational techniques to analyze financial markets and develop complex models for trading, risk management, or investment strategies. They typically work in banks, hedge funds, or financial technology firms. PhD Quants leverage their deep expertise in fields like mathematics, physics, computer science, or engineering to solve challenging problems and gain insights that drive financial decision-making. Their work often involves programming, data analysis, and the implementation of quantitative models.

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

To thrive as a PhD Quant, you need a strong background in mathematics, statistics, and programming, typically supported by a PhD in a quantitative field such as mathematics, physics, finance, or engineering. Expertise in technical tools such as Python, C++, R, and experience with statistical modeling systems and quantitative finance libraries is expected. Analytical thinking, problem-solving abilities, and effective communication are standout soft skills in this role. These skills and qualities are crucial for developing complex models, interpreting data accurately, and collaborating across multidisciplinary teams in high-stakes financial environments.

What are the typical collaboration dynamics for a PhD Quant within a financial institution?

PhD Quants frequently work in close collaboration with traders, risk managers, and software engineers to develop and implement quantitative models for pricing, risk assessment, and trading strategies. While a significant portion of the work involves independent research and model development, regular meetings and cross-functional teamwork are essential to ensure models align with business objectives and regulatory requirements. Effective communication skills are important, as PhD Quants often need to explain complex mathematical concepts to colleagues with varying technical backgrounds.

What is the difference between Phd Quant vs Quant Analyst?

AspectPhd QuantQuant Analyst
Required CredentialsPhD in Mathematics, Statistics, or related fieldBachelor's or Master's degree, often with quantitative skills
Work EnvironmentResearch-focused, often in finance or hedge fundsTrading floors, financial institutions, or asset management firms
Industry UsagePrimarily in hedge funds, investment banks, and proprietary tradingIn asset management, hedge funds, and banks

The main difference between a Phd Quant and a Quant Analyst lies in their educational background and focus. Phd Quants typically hold doctoral degrees and focus on developing complex models and research, while Quant Analysts often have master's or bachelor's degrees and focus on applying models to trading strategies. Both roles are integral to quantitative finance but differ in scope and depth of research.

Do quant firms hire PhDs?

Quant firms frequently hire PhDs, especially in fields like mathematics, physics, computer science, and engineering, to develop and implement complex trading algorithms and models. Candidates typically need strong quantitative skills, programming experience in languages such as Python or C++, and a solid understanding of financial markets. A PhD can provide a competitive edge in securing roles in quantitative research, trading, or risk management within these firms.

How much do PhD quants make?

PhD quants typically earn between $150,000 and $300,000 annually, with compensation increasing based on experience, location, and the complexity of their quantitative models. Many also receive bonuses and profit-sharing, especially in finance and hedge fund environments where advanced statistical and programming skills are essential.

What are popular job titles related to Phd Quant jobs in Worcester, MA?

For Phd Quant jobs in Worcester, MA, the most frequently searched job titles are:

What job categories do people searching Phd Quant jobs in Worcester, MA look for?

The top searched job categories for Phd Quant jobs in Worcester, MA are:

What cities near Worcester, MA are hiring for Phd Quant jobs?

Cities near Worcester, MA with the most Phd Quant job openings:

Associate Director, Quantitative Systems Pharmacology

Waltham, MA • On-site


GSK
Scientific Research and Development Services • 10K+ employees

8.9

Company rating: 8.9 out of 10

Based on 19 frontline employees who took The Breakroom Quiz

9th of 86 rated pharmaceutical

People enjoy working here

Good employer

Respectful managers


Full-time

Medical, Retirement, PTO

Re-posted 21 days ago


Job description

As an Associate Director of Quantitative Systems Pharmacology (QSP) Expert, you will develop and apply QSP models to guide clinical study designs and mechanistic interpretation of study results in support of development of treatments and combination of treatments for a variety of diseases and therapeutic areas
Quantitative Systems Pharmacology (QSP) is a discipline that uses mechanistic mathematical models and disease platforms to enhance the robustness and quality of decision-making from exploratory research through clinical development. This role requires a highly motivated individual to develop and apply QSP models to guide clinical study designs and mechanistic interpretation of study results in support of development of treatments and combination of treatments for a variety of diseases and therapeutic areas. The successful candidate will be responsible for integrating and sharing data and knowledge in a highly stimulating, collaborative, and multi-disciplinary environment to influence clinical study decisions and develop a deeper understanding of physiological systems and disease mechanisms within oncology.
The position requires passion and curiosity and collaborative work in multidisciplinary teams and with QSP modelers internally and externally. In this role, the value of mechanistic models to the clinical evaluation of new and exciting drug modalities, therapeutic combinations, and patient stratification hypotheses in our diverse Oncology R&D portfolio will be brought to the forefront.
This role will provide YOU the opportunity to lead key activities to progress YOUR career. These responsibilities include some of the following:
  • Build and utilize QSP models of biological, physiological, and pathophysiological processes to evaluate a disease, its pathways and progression, as well as drug candidates or treatment modalities
  • Work in close collaboration with biologists, clinicians, clinical pharmacologists, pharmacometricians, QSP and nonclinical modelers, and other partner line colleagues to inform research and development programs and improve our understanding of disease mechanisms
  • Serve as QSP modeling & simulation point-of-contact in on project teams to solve challenging problems in drug research and development; contribute to preclinical and clinical study design and mechanistic interpretation of data
  • Develop and/or utilize state-of-the-art mathematical tools to gain insight into causal relationships between individual components of system-level and drug-level responses of drug-target-biomarker-disease-patient interaction
  • Analyze and interpret complex data sets in the context of disease mechanisms and pathways
  • Explore new QSP opportunities in combining QSP with other analytical approaches and build synergies through collaboration with computational groups including human genetics and functional genomics
  • Provide both scientific and strategic expertise in oncology therapeutic area to facilitate, develop and deliver quantitative support for decision making in clinical development programs
  • Perform scientific rigor and biological suitability assessment of QSP models and methodologies through establishing a context-driven verification & validation process (reviewing QSP model goals, assumptions, methodology, model code, model outputs, uncertainty quantification)

Oncology Translational Medicine within the Oncology Research Unit is a science driven group delivering clinical pharmacology modelling & simulation excellence to research and development programs. We use quantitative pharmacology approaches, as part of the model-informed drug discovery & development paradigm (MID3), to evolve understanding of compound behavior and optimize dose across the research and development continuum, delivering a competitive label for a filing. Our activities include:
  • Advise on dose, regimen and study design to optimize understanding of compound characteristics and variability in exposure and response across all drug development phases.
  • Provide insights to programs through mechanistic modeling of drug-target-biomarker-disease-patient interaction (QSP modeling)
  • Identify opportunities to re-use clinical data to extrapolate to untested scenarios, avoiding unnecessary additional clinical trials.

Why You?
Basic Qualification
We are seeking professionals with the following required skills and qualifications to help us achieve our goals:

  • PhD in Applied Mathematics, Engineering, Pharmaceutical Sciences, Systems Biology, or related disciplines with experience in the application of mathematical and statistical methods
  • Experience working with the theory, principles, statistical aspects of mathematical modeling and simulation, including numerical methods, parameter estimation/optimization, ordinary differential equations (ODEs), and how these can be applied in the development of complex models of biological pathways and system
  • Computational experience with one or more modeling and simulation packages or programming languages (e.g., MATLAB, R, Julia, SimBiology, C/C++)
  • Experience working with common tools for quantitative clinical pharmacology (such as NONMEM, R, WINNONLIN, Simcyp, SAS)
  • Experience developing mechanistically-sound PK-PD models
  • Experience translating, condensing, summarizing outcomes of modeling and simulation analyses into information that can be understood by project teams

Preferred Qualification
If you have the following characteristics, it would be a plus:
  • Familiar with mathematical modelling methods, guidelines, and best practices, as well as associated technology.
  • Familiar with drug development practices, especially within the area of oncology.

#LI-GSK
• If you are based in Cambridge, MA; Waltham, MA; Rockville, MD; or San Francisco, CA, the annual base salary for new hires in this position ranges $151,500 to $252,500. The US salary ranges take into account a number of factors including work location within the US market, the candidate's skills, experience, education level and the market rate for the role. In addition, this position offers an annual bonus and eligibility to participate in our share based long term incentive program which is dependent on the level of the role. Available benefits include health care and other insurance benefits (for employee and family), retirement benefits, paid holidays, vacation, and paid caregiver/parental and medical leave. If salary ranges are not displayed in the job posting for a specific country, the relevant compensation will be discussed during the recruitment process.
Please visit GSK US Benefits Summary to learn more about the comprehensive benefits program GSK offers US employees.
Why GSK?
Uniting science, technology and talent to get ahead of disease together.
GSK is a global biopharma company with a purpose to unite science, technology and talent to get ahead of disease together. We aim to positively impact the health of 2.5 billion people by the end of the decade, as a successful, growing company where people can thrive. We get ahead of disease by preventing and treating it with innovation in specialty medicines and vaccines. We focus on four therapeutic areas: respiratory, immunology and inflammation; oncology; HIV; and infectious diseases - to impact health at scale.
People and patients around the world count on the medicines and vaccines we make, so we're committed to creating an environment where our people can thrive and focus on what matters most. Our culture of being ambitious for patients, accountable for impact and doing the right thing is the foundation for how, together, we deliver for patients, shareholders and our people.
If you require an accommodation or other assistance to apply for a job at GSK, please contact the appropriate Recruitment Staff by emailing us at - usrecruitment.adjustments@gsk.com
GSK is an Equal Opportunity Employer. This ensures that all qualified applicants will receive equal consideration for employment without regard to race, color, religion, sex (including pregnancy, gender identity, and sexual orientation), parental status, national origin, age, disability, genetic information (including family medical history), military service or any basis prohibited under federal, state or local law.
Important notice to Employment businesses/ Agencies
GSK does not accept referrals from employment businesses and/or employment agencies in respect of the vacancies posted on this site. All employment businesses/agencies are required to contact GSK's commercial and general procurement/human resources department to obtain prior written authorization before referring any candidates to GSK. The obtaining of prior written authorization is a condition precedent to any agreement (verbal or written) between the employment business/ agency and GSK. In the absence of such written authorization being obtained any actions undertaken by the employment business/agency shall be deemed to have been performed without the consent or contractual agreement of GSK. GSK shall therefore not be liable for any fees arising from such actions or any fees arising from any referrals by employment businesses/agencies in respect of the vacancies posted on this site.
Please note that if you are a US Licensed Healthcare Professional or Healthcare Professional as defined by the laws of the state issuing your license, GSK may be required to capture and report expenses GSK incurs, on your behalf, in the event you are afforded an interview for employment. This capture of applicable transfers of value is necessary to ensure GSK's compliance to all federal and state US Transparency requirements. For more information, please visit the Centers for Medicare and Medicaid Services (CMS) website at https://openpaymentsdata.cms.gov/

GlaxoSmithKline logo

About GlaxoSmithKline

Sourced by ZipRecruiter

GlaxoSmithKline is a globally recognized pharmaceutical and healthcare company based in Philadelphia, PA, USA. Originated from a merger between Glaxo Wellcome and SmithKline Beecham in 2000, the company excels in the pharmaceutical industry and holds a leading position in making medicines, vaccines, and consumer healthcare products. GSK's mission is to improve the quality of human life by enabling people to do more, feel better, and live longer. They adhere to core values of transparency, integrity, respect for people, and patient-focus, reflecting in their endeavors to conduct research and deliver innovative healthcare solutions to patients and consumers worldwide.

Industry

Scientific research and development services

Company size

10,000+ Employees

Headquarters location

Philadelphia, PA, US


What GlaxoSmithKline employees say

Pay

Benefits

Hours and flexibility

Workplace

Get the full story on Breakroom