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Quantitative Analyst Jobs in Chicago, IL (NOW HIRING)

Next Step Systems

Quantitative Analyst

Northbrook, IL · On-site

Quantitative Analyst, Northbrook, IL - The Quantitative Analyst will assist in the research, design, development, and optimization of proprietary in-house trading models. - Quantitative model ...

Eclipse Trading

Quantitative Analyst

Chicago, IL · On-site

Quantitative Analyst (Chicago) Eclipse Trading is a leading proprietary trading firm. Founded in 2007, we have over 110 employees across 4 office locations - Hong Kong (our HQ), Sydney, Shanghai and ...

Eclipse Trading

Quantitative Analyst

Chicago, IL

Quantitative Analyst (Chicago) Eclipse Trading is a leading proprietary trading firm. Founded in 2007, we have over 110 employees across 4 office locations - Hong Kong (our HQ), Sydney, Shanghai and ...

Eclipse Trading

Quantitative Analyst

Chicago, IL

Quantitative Analyst (Chicago) Eclipse Trading is a leading proprietary trading firm. Founded in 2007, we have over 110 employees across 4 office locations - Hong Kong (our HQ), Sydney, Shanghai and ...

Morningstar, Inc.

Lead Quantitative Analyst

Chicago, IL · On-site

$114K - $167K/yr

Use quant techniques, machine learning, portfolio construction, risk analytics, and statistical testing to turn investment ideas into durable, rules-based index methodologies. * Push the use of AI ...

New

Morningstar, Inc.

Lead Quantitative Analyst

Chicago, IL

$114K - $167K/yr

Use quant techniques, machine learning, portfolio construction, risk analytics, and statistical testing to turn investment ideas into durable, rules-based index methodologies. * Push the use of AI ...

New

Wolverine

Quantitative Trading Analyst

Chicago, IL · On-site

$100K - $150K/yr

Quantitative Trading Analyst Department: Trading Employment Type: Full Time Location: Chicago, IL Description Wolverine is looking for individuals motivated to learn the inner workings of a highly ...

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All JobsQuantitative Analyst JobsQuantitative Analyst Jobs in Chicago, IL

Quantitative Analyst information

See Chicago, IL salary details

$58.2K

$138K

$247.4K

How much do quantitative analyst jobs pay per year?

As of Aug 23, 2026, the average yearly pay for quantitative analyst in Chicago, IL is $138,022.00, according to ZipRecruiter salary data. Most workers in this role earn between $115,000.00 and $150,000.00 per year, depending on experience, location, and employer.

What is a quantitative analyst?

Quantitative Analysts, often called 'quants,' are professionals who use mathematical models, statistics, and computer programming to analyze financial data and support decision-making in finance. They develop and implement complex models to assess risk, value financial securities, and identify profitable investment opportunities. Quants are commonly employed by investment banks, hedge funds, asset management companies, and other financial institutions. Their work helps optimize trading strategies, manage risk, and improve financial performance.

What does a quantitative analyst do?

The responsibilities of quantitative analysts, or quants, include using mathematical models and statistics to analyze data to assess risks and develop solutions for business issues. In this role, you can work in a variety of industries, from production to finance to insurance. You typically gather and interpret data to help an organization implement a solution for maintaining its fiscal health. Duties vary with the industry. Some positions focus on collecting information from the general public or consumers of particular products through the use of polls and surveys to improve their design and marketing. Other quants work alongside researchers in the health care field to test treatments and medical equipment design.

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

To thrive as a Quantitative Analyst, you need a strong background in mathematics, statistics, computer science, and finance, often supported by an advanced degree such as a master's or PhD. Expertise in programming languages like Python, R, or MATLAB, as well as familiarity with financial modeling tools and statistical software, is typically required. Analytical thinking, problem-solving abilities, and clear communication skills help you interpret complex data and convey insights to stakeholders. These competencies are crucial for developing accurate financial models, managing risk, and enabling data-driven decision-making in competitive financial environments.

How does a quantitative analyst typically collaborate with other departments within a financial organization?

Quantitative Analysts frequently work closely with traders, portfolio managers, risk managers, and IT professionals to develop, test, and implement financial models. Effective communication is essential, as they must translate complex quantitative findings into actionable insights for decision-makers. It's common to participate in cross-functional meetings, provide model validation support, and help interpret results for non-technical stakeholders. This collaborative environment fosters both technical skill development and a deeper understanding of the business, which can open doors to broader career opportunities.

What is the difference between Quantitative Analyst vs Data Scientist?

AspectQuantitative AnalystData Scientist
Required CredentialsDegree in finance, mathematics, or statistics; often certifications like CFADegree in computer science, statistics, or related fields; certifications like CAP or data science certifications
Work EnvironmentFinancial firms, investment banks, hedge fundsTech companies, finance, healthcare, and various industries
Employer & Industry UsagePrimarily in finance and investment sectorsAcross multiple industries including tech, healthcare, and retail
Common Search & Comparison IntentUnderstanding roles in finance and investment analysisExploring data analysis and machine learning roles

While both roles involve data analysis and statistical skills, Quantitative Analysts focus on financial modeling and investment strategies within finance firms. Data Scientists have a broader scope, applying data analysis across various industries, often with programming and machine learning expertise.

What is the starting salary of a quantitative analyst?

The starting salary for a quantitative analyst typically ranges from $60,000 to $90,000 annually, depending on factors such as location, education, and industry. Entry-level roles often require strong skills in mathematics, programming, and data analysis tools like Python or R.
More about Quantitative Analyst jobs

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

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

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

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

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

What cities near Chicago, IL are hiring for Quantitative Analyst jobs?

Cities near Chicago, IL with the most Quantitative Analyst job openings:

Quantitative Analyst jobs near you
Infographic showing various Quantitative Analyst job openings in Chicago, IL as of August 2026, with employment types broken down into 88% Full Time, 7% Part Time, and 5% Contract. Highlights an 82% Physical, 8% Hybrid, and 10% Remote job distribution, with an average salary of $138,022 per year, or $66.4 per hour.

Quantitative Analyst

Next Step Systems

Northbrook, IL • On-site

Full-time

Medical, Retirement, PTO

Re-posted 17 days ago

Job description

Quantitative Analyst, Northbrook, IL
- The Quantitative Analyst will assist in the research, design, development, and optimization of proprietary in-house trading models.
- Quantitative model construction and maintenance; responsible for a large range of quantitative models and modeling resources, including legacy model evolution, new model development, and analysis of economic and financial data.
- Design, conduct, and administer studies of long-range trends significant to the securities markets.
- Organize and conduct data collection.
- Summarize work in formal and informal presentations.
Qualifications:
- Advanced quantitative skills.
- Proficiency in a high-level programming language (R or Python).
- Experience working with large data sets.
- Knowledge of Databases (MySQL, SQL, etc.).
- Experience with data integrity, regression, performance testing.
- Ability to independently move projects through from inception to completion.
- Basic understanding of financial markets.
- Ability to explain complex topics orally and in writing.
- Bachelor's degree (required).
- Master's or PhD in financial engineering, applied math, statistics, econometrics, or related field (preferred).
Benefits include medical insurance, retirement plan, PTO, etc. Salary: 80K+ DOE. Keywords: Northbrook IL Jobs, Quantitative Analyst, R, Python, Quant, Quantitative, Large Data Sets, MySQL, SQL, Data Integrity, Regression, Performance Testing, Financial Markets, Trading, Illinois Recruiters, Information Technology Jobs, IT Jobs, Illinois Recruiting
Looking to hire for similar positions in Northbrook IL or in other cities? Our IT recruiting agencies and staffing companies can help.
We help companies that are looking to hire Quantitative Analysts for jobs in Northbrook IL and in other cities too. Please contact our IT recruiting agencies and IT staffing companies today! Phone 630-428-0600 ext. 11 or email us at jobs@nextstepsystems.com. Click here to submit your resume for this job and others.
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