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Quant Jobs in Chicago, IL (NOW HIRING)

3Red Partners

Quant

Chicago, IL · On-site

$150K - $250K/yr

  • Medical

  • Retirement

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 ...

3Red Partners

Quant

Chicago, IL

$150K - $250K/yr

  • Medical

  • Retirement

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 ...

Akuna Capital

Quant Strategist

Chicago, IL · On-site

$145K/yr

  • Medical

  • Dental

  • Vision

  • Retirement

  • PTO

Akuna's Quantitative Trading and Research team is looking to add Quant Strategists to a team of mathematicians, statisticians and technologists. The successful candidate will play a crucial role in ...

Akuna Capital

Quant Strategist

Chicago, IL

$145K/yr

  • Medical

  • Dental

  • Vision

  • Retirement

  • PTO

Akuna's Quantitative Trading and Research team is looking to add Quant Strategists to a team of mathematicians, statisticians and technologists. The successful candidate will play a crucial role in ...

Maven

Graduate Quant Researcher 2027 - Chicago

Chicago, IL

$150K - $175K/yr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

Graduate Quant Researcher Program Chicago 2027 Maven Securities is a leading proprietary trading firm that leverages sophisticated technology and quantitative analysis to trade in global financial ...

Maven

Graduate Quant Researcher 2027 - Chicago

Chicago, IL · On-site

$150K - $175K/yr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

Graduate Quant Researcher Program Chicago 2027 Maven Securities is a leading proprietary trading firm that leverages sophisticated technology and quantitative analysis to trade in global financial ...

Keybank

Quant Analytics Mgr.

Chicago, IL · On-site

The Quantitative Analytics Manager leverages advanced mathematical knowledge, analysis, partnerships, and business knowledge to provide solutions to predictive and prescriptive questions such as ...

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All JobsQuant JobsQuant Jobs in Chicago, IL

Quant information

See Chicago, IL salary details

$101K

$174.8K

$267.3K

How much do quant jobs pay per year?

As of Aug 19, 2026, the average yearly pay for quant in Chicago, IL is $174,845.00, according to ZipRecruiter salary data. Most workers in this role earn between $138,600.00 and $205,000.00 per year, depending on experience, location, and employer.

What is a quant?

Quants, short for quantitative analysts, are professionals who use mathematical models, statistics, and computational techniques to analyze financial data and develop trading strategies. They are typically employed by investment banks, hedge funds, asset management firms, and financial technology companies. Quants play a crucial role in pricing securities, managing risk, and optimizing portfolios. Their expertise is essential for making data-driven decisions in complex financial markets.

What does a quant do?

Quant refers to a quantitative analyst whose responsibilities are to research and analyze market trends in finance. As a quant, you research and decipher statistics and design financial models to help banks, insurance companies, and other finance-focused organizations assess and prevent their risk, make sound investments, and better understand pricing structures to increase profit. Your duties also include creating codes for programs that follow financial trends and patterns, recording data and analyses, and consulting with business leaders in an organization to offer suggestions to combat potential financial risks. Large financial institutions and firms with trading processes typically hire quants.

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

To thrive as a Quant, you need strong quantitative and analytical skills, typically supported by advanced degrees in mathematics, statistics, physics, or related fields. Proficiency with programming languages like Python or C++, financial modeling, and familiarity with tools such as MATLAB or R are essential, along with knowledge of financial markets. Exceptional problem-solving, attention to detail, and effective communication help Quants stand out in collaborative and high-stakes environments. These skills enable Quants to develop robust models and strategies that drive critical decision-making and risk management in finance.

What are some common challenges faced by quants when collaborating with software developers and traders?

Quants often encounter challenges in bridging the gap between theoretical models and practical implementation. Effective communication is essential, as translating complex quantitative concepts into actionable trading strategies requires close collaboration with both software developers and traders. Misunderstandings can occur due to differences in technical language or priorities, so fostering a collaborative environment and being open to feedback is crucial. Regular meetings and clear documentation can help ensure that models are accurately implemented and aligned with trading objectives.

What is the difference between Quant vs Data Analyst?

AspectQuantData Analyst
Required CredentialsDegree in Math, Finance, or Computer Science; often requires advanced degreesBachelor's in Statistics, Economics, or related field; sometimes requires certifications
Work EnvironmentFinancial firms, hedge funds, investment banksCorporations, consulting firms, market research
Employer & Industry UsagePrimarily in finance and tradingAcross various industries including finance, marketing, healthcare
Common Search & Comparison IntentUnderstanding quantitative roles in financeExploring data analysis careers

While both Quant and Data Analyst roles involve working with data, Quants focus on developing complex models for trading and risk management in finance, often requiring advanced degrees and specialized skills. Data Analysts typically interpret data to inform business decisions across industries, with a broader scope and different tools. The roles overlap in data handling but differ significantly in application and industry focus.

Are quant jobs high paying?

Quant jobs, which involve quantitative analysis and modeling, are generally high paying within the finance industry due to the specialized skills required, such as programming, mathematics, and data analysis. Salaries can vary based on experience, location, and the firm, but they are often among the top-paying roles in finance and technology sectors.

What are the jobs in quant?

Quant jobs typically involve developing and implementing mathematical models to analyze financial data, manage risk, and inform trading strategies. Common roles include quantitative analyst, quantitative researcher, quantitative developer, and risk manager, often requiring strong skills in programming, statistics, and finance. These positions are prevalent in investment banks, hedge funds, and asset management firms.
More about Quant jobs

What are the most commonly searched types of Quant jobs in Chicago, IL?

The most popular types of Quant jobs in Chicago, IL are:

What are popular job titles related to Quant jobs in Chicago, IL?

For Quant jobs in Chicago, IL, the most frequently searched job titles are:

What job categories do people searching Quant jobs in Chicago, IL look for?

The top searched job categories for Quant jobs in Chicago, IL are:

Quant jobs near you
Infographic showing various Quant job openings in Chicago, IL as of August 2026, with employment types broken down into 17% Internship, and 83% Full Time. Highlights an 83% In-person, and 17% Remote job distribution, with an average salary of $174,845 per year, or $84.1 per hour.

Campus Full Time 2026 - Quantitative Trader - Boca Raton

Quant Blueprint LLC

Chicago, IL • On-site

$150 - $200/hr

Other

Medical, Dental, Vision, Life, Retirement, PTO

Posted yesterday

New

Job description

Quantitative Researcher

As a Quantitative Researcher, you will collaborate closely with a team to develop and implement quantitative trading signals, models, and strategies. Our role offers the opportunity to design, implement, and evaluate research systems components using rigorous statistical methodologies. As part of the team, you will gain exposure to diverse research areas, accelerating your expertise in quantitative finance.

Requirements
  • A Bachelor's degree (BS) in mathematics, statistics, machine learning, physics, computer science, or other scientific disciplines is required.
  • Candidates may have up to 3 years of professional experience or be actively pursuing a BS or MS in these fields, with an expected graduation date in 2025.
  • Demonstrated proficiency in quantitative analysis and problem‑solving.
  • Proficiency in Python programming – prior experience tackling data‑intensive challenges, conducting and completing statistical or applied mathematical research.
  • Successful participation in mathematical competitions is a plus (e.g., IMO, Putnam).
  • Prior experience in a quantitative role within a trading environment is a plus.
Desired Qualities
  • Intellectually curious, creative, and rigorous.
  • Willingness to challenge assumptions and revise opinions in the face of compelling evidence.
  • Self‑motivated and highly productive, with a strong sense of urgency and accountability.
  • Willing to take ownership of one’s work, working both independently and within a small team.
  • Meticulous attention to detail.
  • Ability to manage and prioritize multiple threads of work.
  • Able to work across disciplines.
  • Excellent communication and collaboration skills.
  • Comfortable providing and receiving actionable feedback in a collaborative team setting.
Salary and Benefits

The base salary for this role is anticipated to be between $150,000 and $200,000, which is based on information at the time of posting. This position may also be eligible for additional forms of compensation, such as a discretionary bonus, and benefits. Discretionary bonus can be a significant portion of total compensation. Actual compensation for successful candidates will be carefully determined based on a number of factors, including their unique skills, qualifications and relevant experience.

  • Fully paid medical, dental, and vision for employees and dependents, competitive 401k plan, employer‑paid life & disability insurance.
  • Wellness programs, casual dress, snacks, lunch, game room, team and company events.
  • Open environment to maximize learning and knowledge sharing.
  • Generous PTO, paid holidays, competitive paid caregiver leaves.
Equal Opportunity Statement

Aquatic is a proud equal opportunity workplace. We do not discriminate based upon race, religion, color, national origin, sex, sexual orientation, gender identity/expression, age, status as a protected veteran, status as an individual with a disability, or any other applicable legally protected characteristics.

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