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Quant Engineer Jobs in Illinois (NOW HIRING)

IMC

Quantitative Developer - Derivatives

Chicago, IL · On-site

$175K - $250K/yr

... Quant Developer or Strategist. Your Core Responsibilities * Design and implement high-performance numerical algorithms for pricing and risk * Build and improve models that reflect real market ...

IMC

Quantitative Developer - Python

Chicago, IL · On-site

IMC is looking for a Quantitative Developer to own the full path from research to production. This role blends research and engineering, with tight feedback loops from ideation to live trading. You ...

3Red Partners

Quantitative Developer

Chicago, IL · On-site

$150K - $250K/yr

The Quantitative Developer will have the opportunity to work in one of our offices on strategy development and code optimization. We are seeking a candidate that is searching for an opportunity to ...

IMC

Quantitative Developer - Python

Chicago, IL · On-site

$200K - $225K/yr

Across our offices in the US, Europe, Asia Pacific, and India, our talented quant researchers, engineers, traders, and business operations professionals are united by our uniquely collaborative, high ...

3Red Partners

Quantitative Developer

Chicago, IL · On-site

$150K - $250K/yr

The Quantitative Developer will have the opportunity to work in one of our offices focusing on strategy development and code optimization. We are seeking a candidate that is looking for an ...

IMC

Quantitative Developer - Python

Chicago, IL · On-site

$200K - $225K/yr

Across our offices in the US, Europe, Asia Pacific, and India, our talented quant researchers, engineers, traders, and business operations professionals are united by our uniquely collaborative, high ...

3Red Partners

Quant

Chicago, IL · On-site

$150K - $250K/yr

The Quant will have the opportunity to work in one of our offices focusing on expanding and optimizing current and future trading opportunities. We are seeking a candidate that is searching for an ...

3Red Partners

Quant

Chicago, IL

$150K - $250K/yr

The Quant will have the opportunity to work in one of our offices focusing on expanding and optimizing current and future trading opportunities. We are seeking a candidate that is looking for an ...

Point72

Quantitative Developer

Chicago, IL

Quantitative Developer for a PM team focused on systematic credit and related asset classes. This ... Collaborate with the portfolio manager, quant researchers, and traders. Requirements:

Point72

Quantitative Developer

Chicago, IL · On-site

Quantitative Developer for a PM team focused on systematic credit and related asset classes. This ... Collaborate with the portfolio manager, quant researchers, and traders. Requirements:

Virtu Financial

Quantitative Trader

Chicago, IL

$150K - $200K/yr

This team also has the opportunity to work closely with software engineers to enhance and further develop the firm's trading strategies. Quantitative Traders not only become experts in trading ...

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All JobsQuant Engineer JobsQuant Engineer Jobs in Illinois

Quant Engineer information

What engineer makes $500,000 a year?

Quantitative engineers, or quants, working in finance or hedge funds with extensive experience, advanced degrees, and strong programming skills can earn $500,000 or more annually through base salary, bonuses, and profit sharing. Such compensation typically requires expertise in mathematics, programming languages like Python or C++, and a deep understanding of financial markets. These roles are often located in major financial hubs and demand high levels of performance and specialization.

How much do quants get paid?

Quantitative analysts, or quants, typically earn between $100,000 and $200,000 annually at entry to mid-level positions, with senior roles often exceeding $300,000 including bonuses. Compensation varies based on experience, location, firm size, and performance, with many quants also receiving performance-based bonuses and benefits. Strong skills in mathematics, programming, and finance are essential for higher salaries in this field.

What engineers make $300,000 a year?

Senior quantitative engineers, often called quant researchers or quant developers, can earn $300,000 or more annually, especially with experience, advanced degrees, and expertise in programming languages like Python or C++, as well as knowledge of financial markets and risk management. Compensation typically includes base salary, bonuses, and profit sharing, particularly in hedge funds, investment banks, and proprietary trading firms.

What are the key skills and qualifications needed to thrive as a Quant Engineer, and why are they important?

To thrive as a Quant Engineer, you need strong quantitative and programming skills, typically supported by a degree in mathematics, physics, computer science, or a related field. Proficiency in programming languages such as Python, C++, or Java, as well as familiarity with statistical analysis tools and financial modeling systems, is essential. Analytical thinking, problem-solving abilities, and effective communication distinguish top performers in this role. These skills enable Quant Engineers to develop robust models and algorithms that drive accurate trading strategies and risk management in fast-paced financial environments.

What are Quant Engineers?

Quant Engineers, or quantitative engineers, are professionals who apply mathematical models, statistical techniques, and computer programming to solve complex problems in finance and related industries. They often work on designing trading algorithms, risk management tools, and pricing models for financial instruments. Quant Engineers typically have strong backgrounds in mathematics, computer science, and finance, and are skilled in programming languages such as Python, C++, or R. Their work helps financial firms make data-driven decisions and optimize strategies in highly competitive markets.

Do I need a PhD to be a quant?

A PhD is not strictly required to become a quantitative engineer, but many roles prefer candidates with advanced degrees in fields like mathematics, physics, or engineering. Strong programming skills, proficiency in tools like Python or C++, and solid quantitative knowledge are essential for success in the field.

What is the difference between Quant Engineer vs Quant Analyst?

AspectQuant EngineerQuant Analyst
Required CredentialsDegree in Math, Finance, or Computer Science; often requires programming skillsDegree in Finance, Economics, or Math; less emphasis on programming
Work EnvironmentDevelops models, algorithms, and software tools for trading and risk managementAnalyzes data, interprets models, and provides insights for trading strategies
Employer & Industry UsageFinancial firms, hedge funds, investment banksFinancial firms, asset management, hedge funds

While both roles involve quantitative analysis, Quant Engineers focus on building and implementing models and software, whereas Quant Analysts primarily analyze data and interpret models to inform trading decisions. The roles often overlap but differ in technical depth and responsibilities.

How do Quant Engineers typically collaborate with traders and other team members to develop and implement trading strategies?

Quant Engineers work closely with traders, researchers, and software developers to design, test, and refine quantitative trading models. They often translate mathematical models into efficient code, analyze large datasets, and ensure strategies are both robust and scalable for real-time trading environments. Frequent communication is key, as Quant Engineers must gather requirements from traders, iteratively backtest ideas, and adapt models based on feedback and market changes. This collaborative process helps ensure strategies are both scientifically sound and practically viable for deployment.
What are popular job titles related to Quant Engineer jobs in Illinois? For Quant Engineer jobs in Illinois, the most frequently searched job titles are:
What job categories do people searching Quant Engineer jobs in Illinois look for? The top searched job categories for Quant Engineer jobs in Illinois are:
What cities in Illinois are hiring for Quant Engineer jobs? Cities in Illinois with the most Quant Engineer job openings:
Quant Engineer jobs near you
Quantitative Developer - Derivatives

Quantitative Developer - Derivatives

IMC

Chicago, IL

Other

Re-posted 5 days ago

Job description

We're looking for a Quantitative Developer - Derivatives to join our Chicago office.

At IMC, the Pricing and Risk (PAR) team owns the firm's core quantitative library for live derivatives pricing and risk. This library sits directly in the critical path of our HFT market making systems and serves as the real-time source of truth for valuation across all strategies. It is both foundational and constantly evolving, with extremely high expectations for performance and correctness.

The platform runs at scale across thousands of servers and is developed collaboratively across desks and regions. The team works closely with global counterparts to ensure consistency in how derivatives are modeled and priced across the firm.

Our primary focus is options and volatility modeling, alongside support for a broader set of asset classes including fixed income, ETFs, and FX.

This role sits at the intersection of quantitative modeling and high-performance engineering, similar to roles often titled Quant Developer or Strategist.

Your Core Responsibilities

  • Design and implement high-performance numerical algorithms for pricing and risk
  • Build and improve models that reflect real market behavior, balancing accuracy, stability, and latency
  • Own core components of the firm's pricing library, from models to calculation graphs to central infrastructure
  • Work closely with quants and engineers to ensure models are robust, explainable, and production-ready
  • Contribute across the full lifecycle: research, implementation, validation, and performance optimization
  • Write clean, maintainable production code in C++ and Java

Your Skills and Experience

  • 5+ years of experience in a trading or financial environment working on pricing or risk systems
  • Strong understanding of derivatives pricing, especially options and volatility
  • Solid background in mathematics, physics, computer science, or a related quantitative field
  • Extensive C++ and/or Java skills, with experience building production systems
  • Experience working closely with quants, traders, or similarly technical stakeholders
  • Ability to translate quantitative models into reliable, scalable systems
  • Experience with PDE methods or other advanced numerical techniques is a strong plus
  • Familiarity with numerical analysis (stability, convergence, error propagation) is a plus

Apply