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Quant Engineer Jobs in Illinois (NOW HIRING)

Jump Trading

Campus Quantitative Trader (Full-Time)

Chicago, IL · On-site

$300K/yr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

At Jump, our people contribute to trading teams in the following roles, or a blend of all three: quant trader, quant researcher, and quant developer. Quant Traders will get training in all of these ...

BlackEdge Capital

Quantitative Developer Intern

Chicago, IL

$19.75 - $26/hr

An internship at BlackEdge will give you a taste of life as a quantitative developer in the options market making space. The first half of your internship will focus on teaching you option pricing ...

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 ...

BlackEdge Capital

Quantitative Developer Intern

Chicago, IL · On-site

$19.75 - $26/hr

An internship at BlackEdge will give you a taste of life as a quantitative developer in the options market making space. The first half of your internship will focus on teaching you option pricing ...

IMC

Graduate Quantitative Trader

Chicago, IL · On-site

$250K/yr

  • PTO

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 ...

Old Mission

Quantitative Trader (Options)

Chicago, IL

$150K - $200K/yr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

Work closely with other traders, quants and developers. * Leverage a sophisticated trading platform to execute desired trades, sourcing available liquidity across multiple exchanges. Required Skills

IMC

Graduate Quantitative Trader

Chicago, IL

$250K/yr

  • PTO

As a Quant Trader, you will be part of highly motivated team facing the daily challenge of managing ... In this role you will work closely with IMC's researchers, developers and engineers in an ...

Scalp Trade LLC

Senior Quantitative Developer

Chicago, IL · On-site

$180K - $225K/yr

Position Overview We are seeking a senior software engineer who builds fast, robust, concurrent numerical systems and who enjoys turning quantitative models into production reality. You will work ...

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Showing results 21-40

All JobsQuant Engineer JobsQuant Engineer Jobs in Illinois

Quant Engineer information

What is the salary of a quant engineer?

The salary of a quant engineer typically ranges from $100,000 to $200,000 annually, with higher compensation for those with advanced degrees, extensive experience, or specialized skills in programming languages like Python or C++. In addition to base salary, many quant engineers receive bonuses and performance incentives, especially in financial firms or hedge funds.

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 is a quant engineer?

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.

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

Quant Trading Internship - Summer 2027

CTC Campus - External, Not Advertised

Chicago, IL

$16K/mo

Full-time, Temporary, Internship

Posted 25 days ago

Job description

The Role  

As a Quant Trading (QT) Intern, you will be challenged to learn and adapt in an exciting team environment and will play a substantial role in our day-to-day trading and quant-related activities. Your impact is immediate and meaningful. You will become a member of a team for the summer and play a vital role completing project work and/or identifying trading opportunities and communicating with software engineers, quants, traders, and risk managers throughout the trading day. As part of the Summer Associate cohort, you will learn and socialize alongside other QT Interns and Software Engineering (SE) Interns.

What to Expect

The 8-week internship program gives you insight into our culture and an inward look into what our business is all about. You will participate in three classroom learning experiences including: a week-long Basics of Options class, a multi-week class on the fundamentals of market making (Mock Trading), and a multi-week class that introduces elements of our quant framework (Quant Curriculum). You will also attend planned social activities and talks from various business leaders to propel your professional growth, and build your network with CTC employees and fellow interns. You will:

  • Work in an impactful role mirroring that of a full-time Quant Trading Associate (QTA)
  • Get hands-on experience with trading and exposure to our trading technology
  • Have weekly one-on-one meetings with your manager to ensure you are progressing and learning throughout the program
  • Receive mentorship from members of our trading and/or quant teams
  • Experience a culture with a strong emphasis on teamwork and collaboration built through various educational and social activities

What it takes for you to be successful  

  • You have a competitive drive and are a highly motivated individual that only gets stronger as part of a collaborative team
  • You have a desire to work in tandem with traders, quants, developers, and other experts to further CTC's goal of providing world class liquidity to financial markets
  • You love solving complex problems
  • You're intellectually curious and like to challenge the status quo
  • You can effectively communicate sophisticated ideas both written and verbally
  • Strong quantitative and analytical abilities
  • Basic programming skills or a willingness to learn Python
  • No prior experience in finance is necessary, but a deep curiosity and hunger to learn about finance and trading is essential

Key Requirements  

  • You are pursuing a Bachelor's or Master's degree. All majors and concentrations welcome.
  • You will graduate between December 2027-June 2028
  • You have a demonstrated record of success (academics, awards, etc.)
  • You are willing to relocate to Chicago, IL for the summer (with full-time placement in Chicago)
  • You can participate in the full duration of the 8-week program from mid-June to early August 2027

Why should you consider interning at CTC?

  • Be part of a fast-growing, industry-leading global trading company
  • Work in an environment that actively explores and applies emerging technologies - including AI - to enhance trading, engineering, and research workflows
  • Opportunity to work with and learn from leaders in our industry
  • Excellent support system to ensure your learning and development
  • Competitive pay, free housing with your fellow interns in downtown Chicago, and free breakfast, lunch, and snacks!

Compensation

Monthly salary of $16,500 plus a signing bonus

Please note: You are allowed to submit one application per position (i.e. SE Intern and QT Intern) during the recruiting cycle. We recommend focusing on applying for the role that aligns most closely with your skills and interests. While you can apply for more than one role, please keep in mind that each application will be assessed according to the specific requirements set for that role.

Apply