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Quant Engineer Jobs in Indiana (NOW HIRING)

CenterWell

Senior BI Engineer

Indianapolis, IN · On-site

$99K - $137K/yr

Advanced Degree in a quantitative discipline, such as Mathematics, Economics, Finance, Statistics, Computer Science, Engineering or related field. * Advanced in SQL, SAS and other data systems.

Cummins Inc.

Packaging Engineer - Senior

Seymour, IN · On-site

Apply engineering expertise to design, analyze, and release packaging systems that improve product ... Data Analytics - Discovers, interprets and communicates qualitative and quantitative data ...

Cummins

Packaging Engineer - Senior

Seymour, IN · On-site

Apply engineering expertise to design, analyze, and release packaging systems that improve product ... Data Analytics - Discovers, interprets and communicates qualitative and quantitative data ...

Cummins Inc.

Packaging Engineer - Senior

Seymour, IN · On-site

Apply engineering expertise to design, analyze, and release packaging systems that improve product ... Data Analytics - Discovers, interprets and communicates qualitative and quantitative data ...

Cummins

Packaging Engineer - Senior

Seymour, IN · On-site

Apply engineering expertise to design, analyze, and release packaging systems that improve product ... Data Analytics - Discovers, interprets and communicates qualitative and quantitative data ...

Elevance Health

AI Engineer Senior

Indianapolis, IN · Hybrid

$99K - $137K/yr

AI Engineer Senior AI Engineer Senior Location: This role requires associates to be in-office 1 - 2 ... Requires a Bachelor's degree in a highly quantitative field (Computer Science, Machine Learning ...

Elevance Health

AI Engineer Senior

Indianapolis, IN · On-site

$99K - $137K/yr

AI Engineer Senior AI Engineer Senior Location: This role requires associates to be in-office 1 - 2 ... Requires a Bachelor's degree in a highly quantitative field (Computer Science, Machine Learning ...

Elevance Health

AI Engineer Senior

Indianapolis, IN · On-site

$99K - $137K/yr

AI Engineer Senior AI Engineer Senior Location: This role requires associates to be in-office 1 - 2 ... Requires a Bachelor's degree in a highly quantitative field (Computer Science, Machine Learning ...

Elevance Health

AI Engineer Senior

Indianapolis, IN · Hybrid

$99K - $137K/yr

AI Engineer Senior AI Engineer Senior Location: This role requires associates to be in-office 1 - 2 ... Requires a Bachelor's degree in a highly quantitative field (Computer Science, Machine Learning ...

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All JobsQuant Engineer JobsQuant Engineer Jobs in Indiana

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 Indiana? For Quant Engineer jobs in Indiana, the most frequently searched job titles are:
What job categories do people searching Quant Engineer jobs in Indiana look for? The top searched job categories for Quant Engineer jobs in Indiana are:
What cities in Indiana are hiring for Quant Engineer jobs? Cities in Indiana with the most Quant Engineer job openings:
Quant Engineer jobs near you
Engineer II Electricity Markets Research and Development

Engineer II Electricity Markets Research and Development

MISO

Carmel, IN • On-site

$96K - $113K/yr

Full-time

Retirement, PTO

Re-posted 24 days ago

Job description

Help power the grid and shape the future of electricity markets!
Are you an engineer who enjoys solving complex problems, working with data, and building tools that make a real-world impact? In this role as MISO's Engineer II on our Markets Research and Development team, you'll help improve how electricity markets operate and how the power grid runs, supporting reliable energy for millions of people. You'll also partner with experts across the organization to study operational events, evaluate ideas to improve market operations and efficiency, develop tools, and generate simulation results that support data-driven decision making. Your work will directly influence how electricity markets evolve and adapt to transformative changes ongoing in the electricity industry.
As MISO's Markets Research and Development Engineer II, you will:
  • Apply power engineering and operations research skills to explore innovative options and recommend solutions.
  • Gather and examine complex datasets to understand how markets and grid operations are performing.
  • Build and maintain models and simulation tools to simulate and test electricity market solutions
  • Collaborate with teams across the organization to tackle challenges and strategically improve the electricity markets
  • Develop and refine algorithms that help make market and grid operations more efficient and reliable
  • Clearly document and present findings through reports, charts, and presentations to communicate insights effectively and accurately

To be successful as our Markets Research and Development Engineer II you should have:
  • A Bachelor's Degree electrical engineering, computer engineering, electrical engineering technology, electrical and computer engineering, electrical and electronic engineering, or electronics and computer engineering technology power systems, operations research, or a related technical field and at least 2 years of experience.
  • Master's Degree or PhD preferred.
  • One to two years within any of the following: electricity market design, operations, or research and development; electricity market analysis; or system planning and development in an academic and/or professional setting.
  • Preferred experience that includes quantitative analysis, applying or developing optimization algorithms, and power system modeling and simulation.

Appropriate level will be determined based upon experience and knowledge.
Transformative innovation is happening in the electric industry, from digitalizing homes and distributed resources to renewable energy and an ever-changing grid. MISO manages the electricity superhighway in the Central U.S. and through use of groundbreaking research and advanced technology, our highly skilled employees ensure power flows reliably to 45 million Americans. Operating the electricity grid, running a robust energy market, planning for a bright future - it's what our immensely hardworking and dedicated team does every day.
The base salary compensation range being offered for this role is $96,000 - $113,000 USD annually. Base salary range for this position is included in accordance with requirements of various state/local pay transparency legislation. Please note that salaries may vary for different individuals in the same role based on several factors, including but not limited to location of the role, individual competencies, education/professional certifications, and qualifications/experience.
Position is also eligible for an annual bonus if individual performance and company objectives are met. At MISO we offer a comprehensive benefits package, including 401k, vacation, sick and safe time, available on your first day of employment.
#DiscoverMISO #MISOCareers #lifeatMISO #weareMISO
MISO, What We Do
#LI-ONSITE
#LI-JH1
Equal Opportunity Employer
This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.

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