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Quant Jobs in Chicago, IL (NOW HIRING)

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 ...

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 looking for an ...

Akuna Capital

Quant Strategist

Chicago, IL

$145K/yr

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 · On-site

$145K/yr

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 ...

Fifth Third

Senior Quant Analyst-CCAR/CECL

Chicago, IL · On-site +1

Job Profile Summary The Senior Quantitative Analyst is responsible for resolution of complex problems or transactions, where expertise is required to interpret against policies, guidelines or ...

Next Step Systems

Quantitative Analyst

Northbrook, IL · On-site

... Quant, Quantitative, Large Data Sets, MySQL, SQL, Data Integrity, Regression, Performance Testing, Financial Markets, Trading, Illinois Recruiters, Information Technology Jobs, IT Jobs, Illinois ...

IMC

Quantitative Researcher - Options

Chicago, IL

... quant team. You will join the team as a senior member with the expectation of leading projects and mentoring juniors. Skills and responsibilities listed below. Your Core Responsibilities:

Anson McCade

Quantitative Researcher

Chicago, IL · On-site

$200K - $400K/yr

Permanent Quant Researcher, HFT Equities/Futures - NYC/Chicago Anson McCade have partnered with a renowned proprietary trading firm which engages in market making and position-taking strategies ...

IMC

Quantitative Researcher - Options

Chicago, IL · On-site

$250K - $300K/yr

... quant team. You will join the team as a senior member with the expectation of leading projects and mentoring juniors. Skills and responsibilities listed below. Your Core Responsibilities:

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 ...

Point72

Cubist Quantitative Researcher

Chicago, IL · On-site

ROLE Entry-Level Quantitative Researchers are responsible for conducting rigorous quantitative research with a focus on predictive models. You will be trained in all aspects of systematic trading ...

Corgi Insurance

Quantitative Associate

Chicago, IL · On-site

$200K - $350K/yr

Build and maintain quantitative models to support pricing, underwriting, forecasting, and business decision-making. * Support the Head of Underwriting in: * The management of the Corgi insurance ...

Old Mission

Quantitative Researcher (ETFs)

Chicago, IL

$170K - $300K/yr

... the quant team and be expected to have an entrepreneurial mindset. Responsibilities * Investigate existing equities, commodities, and FX pricing models and propose improvements. * Calibrate new ...

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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 Jul 27, 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.

Do quants make a lot of money?

Quantitative analysts, or quants, often earn high salaries due to their specialized skills in mathematics, programming, and finance. Compensation typically includes a base salary, bonuses, and profit-sharing, with total earnings frequently exceeding those of many other finance roles, especially in hedge funds and investment banks.

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 jobs pay 500,000 a year in the US?

Quantitative analysts, or quants, in finance and investment firms can earn $500,000 or more annually, especially with bonuses and profit sharing. High-level roles such as senior traders, hedge fund managers, and chief investment officers also often reach or exceed this compensation level, typically requiring advanced degrees, strong programming skills, and extensive industry experience.

What are quants?

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 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 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 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.

Do quants make 7 figures?

Quantitative analysts, or quants, working at top hedge funds or investment banks can earn seven-figure salaries including bonuses, especially at senior levels or with extensive experience. However, most quants' compensation varies widely based on firm size, location, performance, and skill set, and many do not reach seven-figure earnings.

What is a quant job?

A quant job involves using mathematical models, statistical techniques, and programming skills to analyze financial data and develop trading strategies. Quants typically work in finance, often requiring knowledge of programming languages like Python or C++ and a strong background in mathematics or engineering. They help firms manage risk and optimize investment decisions.
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 July 2026, with employment types broken down into 93% Full Time, 5% Part Time, 1% Temporary, and 1% Contract. Highlights an 90% Physical, 4% Hybrid, and 6% Remote job distribution, with an average salary of $174,845 per year, or $84.1 per hour.
Quant

Quant

3Red Partners

Chicago, IL

$150K - $250K/yr

Other

Medical, Retirement

Posted 24 days ago

Job description

3Red Partners LLC, a proprietary trading firm headquartered in Chicago, is seeking a Quant to join the team. 3Red Partners is committed to leveraging technology and math to implement competitive trading strategies. Our team has extensive, global experience in a wide variety of asset classes, risk management, and leading trading technologies. We focus our efforts on hiring extremely talented and motivated individuals to collaborate with each other and compete in the world's financial markets.

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 opportunity to make a real impact, deliver value, and work within an experienced team.

Your impact:

  • Work with the team to optimize the current strategy components and identify new trading opportunities
  • Research and test alphas to improve existing tools and identify methods to increase trading efficiency  
  • Focus on enhancing the production trading system and rewriting existing trades and signals

Your skills:

  • A Bachelor's, Master's, or PhD degree with an emphasis in a STEM related field (e.g. Mathematics, Statistics, Physics, Computer Science, Data Science, etc.) with more than 2 years of relevant work experience
  • Experience with Python, C++, and machine learning tools
  • Ability to understand the optimization and profiling of trading systems with proven success of developing models in a low latency trading environment
  • Strong multi-tasking skills, including the ability to prioritize and work on multiple projects at one time

Our perks:

3Red offers a competitive compensation and benefits package. In addition to a base salary, we offer performance-based bonuses, reflecting our commitment to rewarding excellence. We also provide comprehensive health benefits, a 401k plan, commuter and wellness reimbursements, as well as several learning and development perks. Our casual dress code, weekly lunches, and team events foster a welcoming and collaborative workplace culture. At our Chicago headquarters, we enhance the workday with fully stocked pantries offering snacks and drinks, a Zen Room for relaxation, and an environment designed to support productivity and well-being.

The expected base salary range for this position is $150,000 to $250,000, depending on qualifications, experience, and skills.

3Red Partners does not accept unsolicited resumes from 3rd party vendors. Any unsolicited resumes will become property of our team. 

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