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Quant Jobs in Chicago, IL (NOW HIRING)

Old Mission

Quantitative Researcher (Fixed Income)

Chicago, IL · On-site

$175K - $250K/yr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

This Quantitative Researcher will be familiar with building and improving the firm's risk and pricing models, as well as understanding the risks in trading these assets. Responsibilities * Perform ...

Virtu Financial

Quantitative Trader

Chicago, IL

$150K - $200K/yr

Quantitative Traders not only become experts in trading technology and its interaction with the market, but they also play a crucial role in the evolution of market micro structure and the driving ...

Akuna Capital

Junior Quantitative Researcher

Chicago, IL · On-site

$145K/yr

  • Medical

  • Dental

  • Vision

  • Retirement

  • PTO

Akuna's Quant team is looking to add Junior Quant Researchers to a team of mathematicians, statisticians, and technologists. This team creates trading strategies scientifically by combining its ...

Akuna Capital

Junior Quantitative Researcher

Chicago, IL · On-site

$145K/yr

  • Medical

  • Dental

  • Vision

  • Retirement

  • PTO

Akuna's Quant team is looking to add Junior Quant Researchers to a team of mathematicians, statisticians, and technologists. This team creates trading strategies scientifically by combining its ...

IMC

Quantitative Developer - Python

Chicago, IL · On-site

$200K - $225K/yr

  • PTO

Across our offices in the US, Europe, Asia Pacific, and India, our talented quant researchers, engineers, traders, and business operations professionals are united by our uniquely collaborative, high ...

Edgehog Trading

Quantitative Researcher

Chicago, IL · On-site

  • Medical

  • Dental

  • Vision

  • Retirement

  • PTO

Design, backtest, and iterate on quantitative trading models from ideation through production deployment * Analyze market microstructure, execution quality, and options pricing dynamics to identify ...

IMC

Quantitative Developer - Python

Chicago, IL

IMC is looking for a Quantitative Developer to own the full path from research to production. This role blends research and engineering, with tight feedback loops from ideation to live trading. You ...

IMC

Quantitative Developer - Python

Chicago, IL · On-site

$200K - $225K/yr

  • PTO

Across our offices in the US, Europe, Asia Pacific, and India, our talented quant researchers, engineers, traders, and business operations professionals are united by our uniquely collaborative, high ...

Jump Trading

Campus Quantitative Trader (Full-Time)

Chicago, IL · On-site

$300K/yr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

Quant Traders will get training in all of these areas, with a focus in trading and financial markets. You will also participate in mock trading sessions, poker training, and other modules designed to ...

DRW

Quantitative Trader - Futures

Chicago, IL · On-site

$150K - $250K/yr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

Proven track record of direct PnL ownership in a quant-driven trading environment * Strong understanding of derivatives pricing, volatility dynamics, and risk modeling * Deep experience in signal ...

Optiver

Quantitative Researcher - SVT

Chicago, IL · On-site

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

What you'll do As a Quantitative Researcher on our Systematic Volatility Trading team, your key responsibilities include: * Develop and refine alpha-driven strategies for fully automated options ...

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Showing results 41-60

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 18, 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.

Quantitative Researcher (Fixed Income)

Old Mission

Chicago, IL • On-site

$175K - $250K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted yesterday

Job description

Old Mission is a global proprietary trading firm that leverages state-of-the-art technology and research to identify and execute profitable trading strategies across multiple asset classes around the world. Our offices in Chicago, New York, and London are all composed of naturally-curious individuals who thrive in a team environment and constantly strive for improvement.
Old Mission does not seek capital from outside investors, allowing us the flexibility to aggressively invest in our team members and keep them engaged in the firm's growth.
About the Position
Old Mission Capital, a global quantitative proprietary trading firm, is currently hiring a talented Quantitative Researcher to join our growing Fixed Income operation. The ideal candidate will have experience trading fixed income assets, corporate bonds, and other debt instruments. This Quantitative Researcher will be familiar with building and improving the firm's risk and pricing models, as well as understanding the risks in trading these assets.
Responsibilities
  • Perform exploratory data analysis on various market datasets, including bond data, exchange quote data, and third-party pricing data, generate trading signals and evaluate how they might be applied.
  • Research and develop quantitative models to forecast bonds and commodities' various metrics, including price, bid-ask spread, liquidity, etc, prototype predictive models, and perform regressions and other machine learning analysis to validate, backtest, and improve quantitative models.
  • Contribute to the development and continuous assessment of trade execution.

Required Skills
  • Qualified candidates will have an advanced degree in a quantitative field (preferably a Ph.D. in engineering, statistics, mathematics or a hard science).
  • Candidates need to have exceptionally high mathematical and programming skills (must be proficient in Python, VBA, or R).
  • Strong quantitative, analytical, research-oriented and problem-solving skills.
  • Superior communication, both written and verbal, and has the ability to handle multiple tasks in a time-sensitive, fast-paced, collaborative, collegial environment.
  • Successful candidates will have a passion for the financial markets and will have an entrepreneurial mindset as the team is growing and this individual will be a value-added contributor who will have an immediate impact.
  • Demonstrated experience in US corporate bonds is required.
  • Qualified candidates will have previous experience in TCA, execution quality assessment, and execution algorithms with a focus on US Credit.
  • Must have experience with credit pricing, credit curve models, and RFQ-based trading is desirable.
  • Must have experience with Bayesian filtering/Hidden Markov Models is desirable.
  • Intra-day credit curve modeling is a plus.

Benefits and Perks
  • Fully paid Medical, Dental, Vision, Disability, and LIfe Insurance
  • Fully stocked kitchen; free breakfast and lunch every day on-site
  • Tuition Reimbursement Program
  • 401(k) with employer match
  • Paid Vacation, Sick, and Parental leaves
  • Commuter and Flexible Spending Program

Base Salary Range
$175,000 - $250,000 - Salaries are based on numerous factors such as skills, experience, and education. Our compensation package also includes a discretionary bonus
and a comprehensive benefits program for full-time employees. For more information, reach out to your recruiter.
Old Mission is not accepting unsolicited resumes from any staffing/search firms. All resumes submitted by staffing/search firms to any employee at Old Mission via-email, the Internet or directly without a valid signed search agreement will be deemed the sole property of Old Mission, and no fee will be paid in the event the candidate is hired by Old Mission.

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