ZipRecruiter

Log In

1

Quant Jobs in Chicago, IL (NOW HIRING)

The Sound

Director - Quantitative Research

Chicago, IL · On-site

$140K - $160K/yr

As our Quant Director, you won't just oversee research-you will own the commercial impact of our insights. We need a critical thinker to uncover the "problem behind the problem" and ensure our work ...

The Sound

Director - Quantitative Research

Chicago, IL · On-site

$140K - $160K/yr

As our Quant Director, you won't just oversee research--you will own the commercial impact of our insights. We need a critical thinker to uncover the "problem behind the problem" and ensure our work ...

The Sound

Director - Quantitative Research

Chicago, IL · On-site

$140K - $160K/yr

As our Quant Director, you won't just oversee research-you will own the commercial impact of our insights. We need a critical thinker to uncover the "problem behind the problem" and ensure our work ...

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 ...

Trading Interview

Quantitative Trader

Chicago, IL · On-site

$150 - $200/hr

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 ...

New

Virtu Financial

Quantitative Trader

Chicago, IL · On-site

$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 ...

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

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 ...

previous page

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 20, 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 Developer___ Chicago, IL (Onsite) ___ Contract

Acestack

Chicago, IL • On-site

Contractor

Re-posted 17 days ago

Job description

Job Title: Quantitative Developer
Location: Chicago, IL – 100% Onsite from day 1.
Long Term Contract – W2 / C2C

Job Summary: We are seeking a highly experienced and adaptable Quantitative Developer to join our team in Chicago. This role requires a unique blend of strong quantitative and technical skills, deep financial domain knowledge, and a proactive learning attitude. You will collaborate closely with quantitative researchers, risk managers, and portfolio management teams to design, develop, and optimize analytical tools and models in a high-performance computing environment.

 Key Responsibilities
  • Design and implement production-grade code that translates quantitative models into efficient and scalable solutions.
  • Work closely with Quantitative Research, Risk, and Equity Portfolio Management teams to support model development and risk analytics.
  • Contribute across the software development lifecycle including requirements analysis, coding, testing, and deployment.
  • Build solutions using a wide array of technologies including Python, PySpark, R, Java, and cloud-based big data platforms like Databricks.
  • Develop in both real-time and batch-oriented architectures.
  • Employ Test-Driven Development (TDD) to ensure code quality, scalability, and maintainability.
  • Continuously explore and integrate modern technologies and industry best practices into development processes.
  • Communicate complex quantitative and technical concepts effectively to non-technical stakeholders.
Required Qualifications
  • Education: Master’s or Ph.D. in Computer Science, Mathematics, Financial Engineering, or a related quantitative field from a reputed institution.
  • Experience:
    • Overall 12+ years of IT experience.
    • Must have at least 5-8+ years of progressive experience in software engineering and quantitative development.
  • Technical Skills:
    • Proficiency in Python and PySpark (must-have), with hands-on experience in R and Java.
    • Strong experience with data processing libraries such as Pandas, Polars, CuML, etc.
    • Familiarity with cloud big data platforms, particularly Databricks.
    • Experience working with large datasets and building scalable data pipelines.
  • Domain Knowledge: Solid understanding of financial instruments including securities and derivatives, along with capital markets structure.
  • Development Practices: Strong commitment to clean code, adaptive systems, and iterative design using TDD methodologies.
  • Soft Skills:
    • Quick to learn new technologies and quantitative methods.
    • Able to explain technical strategies and solutions to both technical and business audiences.
Preferred Attributes
  • Exposure to quantitative research and alpha modeling.
  • Experience building risk engines or simulation frameworks.
  • Familiarity with orchestration frameworks like Airflow or equivalent.
  • Ability to work in a fast-paced, collaborative environment with minimal supervision.

To Apply: Please share resume to Anamikav@acestackllc.com

AceStack logo

About AceStack

Sourced by ZipRecruiter

AceStack is a global IT consulting & Staffing agency. We deal in Health care (Nursing, Allied, Clinical/Non-clinical) Staffing, Engineering Staffing & I.T. Staffing. Founded in 2017 in New Jersey, AceStack has reported consistent growth and profit every year and carries zero debt. AceStack consultants are placed across USA, Canada, Mexico, and Asia. In addition to our headquarters in New Jersey – USA, we also have offices in Canada, Noida, and Ahmedabad. AceStack’s exceptionally high-touch service keeps our clients satisfied and our Consultants/Travelers engaged. We believe in investing in our Consultants/Clients in a variety of ways. We employ AceStack ambassador who helps guide Consultants through the on-boarding process and ensure the transition into their new role with our Client is seamless. We also have dedicated Consultant care representatives located throughout our organization who provide the same level of attention throughout our Consultant’s tenure. Due to this level of attention and care, AceStack enjoys not only one of the highest retention rates in the staffing industry but also one of the highest redeployment rates in the industry.

Company size

51 - 200 Employees

Headquarters location

NJ, US

Year founded

2017

Social media

FacebookTwitter

View All AceStack Jobs