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Quant Trading Jobs in Illinois (NOW HIRING)

Jump Trading

The quant trading internship is an intensive 10-week program focused on enhancing your trading aptitude and understanding of financial markets, as well as helping you experience what it's like to be ...

Trading Interview

Quantitative Trader

Chicago, IL · On-site

$150 - $200/hr

... trading solutions to our clients. As a market maker, Virtu provides deep liquidity that helps to ... Quantitative Traders not only become experts in trading technology and its interaction with the ...

Trading Interview

Graduate Quantitative Trader

Chicago, IL · On-site

$120 - $180/hr

... in trading a wide range of financial instruments in a fast-paced, dynamic environment. As a Quant Trader, you will be part of highly motivated team facing the daily challenge of managing the ...

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$95K

$164.5K

$251.5K

How much do quant trading jobs pay per year?

As of Aug 26, 2026, the average yearly pay for quant trading in Illinois is $164,471.00, according to ZipRecruiter salary data. Most workers in this role earn between $130,300.00 and $192,800.00 per year, depending on experience, location, and employer.

What is a quant trading job?

A Quant Trading job involves using mathematical models, statistical techniques, and computer algorithms to analyze financial markets and make automated trading decisions. Quant traders develop and implement strategies to identify profitable opportunities, often leveraging historical data and predictive analytics. They work in hedge funds, proprietary trading firms, and investment banks, typically focusing on high-frequency trading, market-making, or statistical arbitrage. Strong programming skills (Python, C++, or R) and a deep understanding of financial markets are essential for success in this field.

What are the key skills and qualifications needed to thrive in quant trading?

To thrive in Quant Trading, you need a strong quantitative background, mathematical modeling expertise, and advanced programming skills, typically supported by degrees in mathematics, statistics, physics, or computer science. Proficiency in programming languages such as Python, C++, or R, and experience with financial modeling platforms and data analysis tools are essential. Excellent problem-solving skills, attention to detail, and the ability to work under pressure make candidates stand out in this fast-paced environment. These competencies are crucial for developing, testing, and implementing trading strategies that drive profitability and manage risk in dynamic financial markets.

What are some typical challenges faced in quant trading?

Quant trading professionals often deal with challenges such as rapidly changing market conditions, the need to process and analyze vast amounts of data quickly, and fierce competition from other trading firms. The role requires staying ahead by constantly researching and updating trading algorithms to maintain profitability. Effective communication with portfolio managers, developers, and risk managers is also key in adapting strategies and sharing insights. While the pace can be intense, successfully meeting these challenges is both rewarding and central to career progression in the field.

How much do quant trading professionals make?

Quant trading professionals typically earn a base salary ranging from $100,000 to over $200,000 annually, with total compensation often including performance bonuses that can significantly increase earnings. Experienced quants with advanced skills in programming, mathematics, and finance can earn well above this range, especially at hedge funds and proprietary trading firms.

What are quant trading jobs?

Quant trading jobs involve developing and implementing mathematical models and algorithms to identify trading opportunities in financial markets. Professionals in these roles typically have strong skills in programming, statistics, and finance, and often use tools like Python, R, or MATLAB. These positions are common in hedge funds, investment banks, and proprietary trading firms, often requiring advanced degrees in quantitative fields.

What are the most commonly searched types of Quant Trading jobs in Illinois?

The most popular types of Quant Trading jobs in Illinois are:

What are popular job titles related to Quant Trading jobs in Illinois?

For Quant Trading jobs in Illinois, the most frequently searched job titles are:

What job categories do people searching Quant Trading jobs in Illinois look for?

The top searched job categories for Quant Trading jobs in Illinois are:

Quant Trading jobs near you
Infographic showing various Quant Trading job openings in Illinois as of August 2026, with employment types broken down into 1% Internship, 93% Full Time, 4% Part Time, and 2% Contract. Highlights an 81% Physical, 8% Hybrid, and 11% Remote job distribution, with an average salary of $164,471 per year, or $79.1 per hour.

Quant Trading Associate - 2027 Start

Chicago, IL

CTC Campus - External, Not Advertised
See more jobs at CTC Campus - External, Not Advertisedexternal

Full-time

Posted 24 days ago

Job description

Are you excited by the opportunity to be part of a dynamic trading environment that values teamwork and collaboration? Do you thrive in an innovative atmosphere? If so, we encourage you to consider Chicago Trading Company! 

The Role 

The Quant Trading Associate (QTA) role is our entry-level position within our Trading and Quant organization and gives you broad exposure to the whole business as you work towards graduating from the Associate Program and assuming a role as a Quant Trader or Quant Researcher.

As a QTA, you will work in a high-impact role as a member of a trading or quantitative team. You will play a vital part in identifying trading opportunities and impacting your team through dynamic problem solving - including trade execution, strategy formulation, back-testing, data analysis, and the modeling and pricing of traded financial derivatives - while communicating with traders, risk managers, software engineers, and quants throughout the trading day. You will learn all aspects of the trading and quant operation and work towards a role that generates trading revenue or drives strategy development for the team. In addition to the trading and quantitative side of the business, you will have exposure to technology through our combined trading and technology curriculum.

We encourage competitiveness and collaboration in equal measure and strive to better each other to win as one team.

What to Expect 

Due to the dynamic nature of this business, we cultivate an environment of continuous learning and growth through an in-house education department. Through formal classroom work, mock trading, and real-time practical exposure, you will gain a holistic introduction to the derivatives market while sharpening your quantitative skillset. You can expect:

  • An introduction to options pricing, theory, trading philosophies, and programming courses
  • Exposure to different product areas and responsibilities
  • One-on-one mentorship from senior members in the firm
  • Opportunities to grow quickly and start making autonomous trading decisions
  • Participation in data-driven research for the purpose of alpha generation

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
  • An aspiration to collaborate 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 a hunger to learn is essential

Key requirements: 

  • Pursuing a Bachelor's or Master's degree. All majors and concentrations welcome. 
  • You will graduate between December 2026-June 2027 
  • You have a demonstrated record of success (academics, awards, etc.) 
  • You are willing to relocate to Chicago, IL  

Why should you consider a career 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 forward-thinking leaders in our industry
  • Experience innovation, teamwork, and fun while working in an intellectually stimulating environment
  • Join an ambitious, collaborative workplace where there is no limit to what you can learn and what you will be able to contribute
  • Excellent growth potential
  • Competitive pay and comprehensive benefits package including free breakfast and lunch (and healthy snacks of course!) as well as a fitness center membership

Apply