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Quant Jobs in Chicago, IL (NOW HIRING)

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 ...

Eclipse Trading

Quantitative Analyst

Chicago, IL · On-site

This is an on-site role and this position is part of our global Quant and Integration team and will report to both the US Trading Team Lead and the Senior Trading Analyst of Quant and Integration.

Corgi

Quantitative Associate

Chicago, IL · On-site

$200 - $350/hr

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 ...

Eclipse Trading

Quantitative Analyst

Chicago, IL · On-site

This is an on-site role and this position is part of our global Quant and Integration team and will report to both the US Trading Team Lead and the Senior Trading Analyst of Quant and Integration.

Eclipse Trading

Quantitative Analyst

Chicago, IL

This is an on-site role and this position is part of our global Quant and Integration team and will report to both the US Trading Team Lead and the Senior Trading Analyst of Quant and Integration.

Akuna Capital

Quantitative Researcher

Chicago, IL · On-site

$145K/yr

Akuna's Trading and Research teams are seeking Quant Researchers to join a multidisciplinary group of mathematicians, statisticians, technologists and traders. These teams drive the development of ...

Old Mission

Quantitative Researcher (ETFs)

Chicago, IL · On-site

$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 ...

Akuna Capital

Quantitative Researcher

Chicago, IL · On-site

$145K/yr

Akuna's Trading and Research teams are seeking Quant Researchers to join a multidisciplinary group of mathematicians, statisticians, technologists and traders. These teams drive the development of ...

Quant Blueprint LLC

Systematic Options Trader

Chicago, IL · On-site

$80 - $120/hr

About the Position Old Mission Capital, a global quantitative proprietary trading firm, is currently hiring a talented trader to join its growing FICC desk. The ideal candidate will be a proficient ...

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All JobsQuant JobsQuant Jobs in Chicago, IL

Quant information

See Chicago, IL salary details

$101K

$175K

$267.5K

How much do quant jobs pay per year?

As of Sep 6, 2026, the average yearly pay for quant in Chicago, IL is $174,983.00, according to ZipRecruiter salary data. Most workers in this role earn between $138,700.00 and $205,200.00 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 94% Full Time, 4% Part Time, and 2% Contract. Highlights an 91% Physical, 3% Hybrid, and 6% Remote job distribution, with an average salary of $174,983 per year, or $84.1 per hour.

Quantitative Developer - Cash Equities (Chicago)

Algo Capital Group

Chicago, IL • On-site

Full-time

Posted 19 days ago

Job description

8 hours ago Be among the first 25 applicants

A leading global hedge fund is seeking a Quantitative Developer to join its high-performing Cash Equities team. The role involves developing and implementing quantitative trading strategies with a focus on cash equity markets. You will work closely with Portfolio Managers and quantitative traders, leveraging advanced algorithms, statistical models, and market data analysis to build and refine strategies deployed in production environments.

Key Responsibilities:

  • Develop and implement quantitative models and algorithms that drive trading decisions in cash equities.
  • Optimise strategy performance through innovative model development.
  • Partner with traders to analyse market dynamics, interpret valuations, and design next-generation models and analytics tailored to cash equity markets.
  • Contribute to the high-level architecture and optimisation of C++ and Python-based models used in various equity strategies.
  • Work closely with research teams to continuously enhance trading models and translate complex algorithms into efficient, production-ready code.

Skillset Requirements:

  • Proven experience in a quantitative development or software engineering role within a cash equities trading environment.
  • Expertise in applying advanced quantitative techniques to solve complex, data-driven problems.
  • Strong programming proficiency in C++ and/or Python, with a focus on high-performance, scalable systems.
  • Bachelor's or Master's degree in Computer Science, Engineering, Mathematics, or a related field.

This is a unique opportunity to make an impact in a leading hedge fund's Cash Equities team, working alongside industry-leading professionals in a fast-paced environment. If you're a talented Quant Developer with experience in cash equities and a passion for financial markets, apply now to further your career in one of the industry’s most exciting roles.

Seniority level
  • Seniority levelMid-Senior level
Employment type
  • Employment typeFull-time
Job function
  • Job functionInformation Technology, Finance, and Engineering
  • IndustriesFinancial Services, Engineering Services, and Capital Markets

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