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Quantitative Analyst Jobs in Naperville, IL (NOW HIRING)

Calamos Investments

Quantitative Analyst

Naperville, IL · On-site

$110K/yr

Responsible for conducting quantitative analysis within a team setting. Build alpha signals, refine, and implement multi-factor investment models, create portfolio analytics, and enhance the ...

ComEd

Quantitative Analyst

Oakbrook Terrace, IL · On-site

Primary Purpose The Quantitative Analyst for the Utility of the Future will design and develop proprietary simulation models to support portfolio valuation, pricing, risk management, and overall ...

Wolverine Worldwide

Quantitative Analyst

Chicago, IL

$70K - $110K/yr

Wolverine Asset Management is seeking highly motivated and intellectually curious individuals to join our team as Quantitative Analysts. In this role, you will collaborate closely with our relative ...

Allstate

Intermediate Quantitative Analyst

Chicago, IL · On-site

$124K - $165K/yr

This role is responsible for performing quantitative analysis and research within the Risk and Return group of Allstate Investments. The primary focus of this role is private markets research and ...

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 ...

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$56.5K

$133.8K

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How much do quantitative analyst jobs pay per year?

As of May 28, 2026, the average yearly pay for quantitative analyst in Naperville, IL is $133,759.00, according to ZipRecruiter salary data. Most workers in this role earn between $111,400.00 and $145,400.00 per year, depending on experience, location, and employer.

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 are Quantitative Analysts?

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 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.

More about Quantitative Analyst jobs
What are the most commonly searched types of Quantitative Analyst jobs in Naperville, IL? The most popular types of Quantitative Analyst jobs in Naperville, IL are:
What are popular job titles related to Quantitative Analyst jobs in Naperville, IL? For Quantitative Analyst jobs in Naperville, IL, the most frequently searched job titles are:
What cities near Naperville, IL are hiring for Quantitative Analyst jobs? Cities near Naperville, IL with the most Quantitative Analyst job openings:
Quantitative Analyst jobs near you
Quantitative Analyst

Quantitative Analyst

Calamos Investments

Naperville, IL • On-site

$110K/yr

Full-time

Posted 21 days ago

Job description

Job Description
Calamos Advisors LLC has an opening for Quantitative Analyst in Naperville, Illinois. Responsible for conducting quantitative analysis within a team setting. Build alpha signals, refine, and implement multi-factor investment models, create portfolio analytics, and enhance the investment toolkit. Back test models and support risk management and product development efforts, specifically, work in ESG-related monitoring and modeling. Develop and support quantitative stock selection models. Systematic discovery of alpha signals using traditional and alternative datasets. Incorporate machine learning techniques into systematic strategy research and development. Help ensure that quantitative models, research tools and risk controls are adequate to support new product initiatives. Collaborate with other team members and other groups in order to drive productivity. Support technological infrastructure and analytical research function.
Job Requirements
Position requires a Master's degree in Quantitative & Computational Finance, Financial Engineering, Econometrics, Computer Science, Engineering, Math, Physics, or a related field and 3 years of experience in financial engineering.
Must also have work experience in:
  • Conducting statistical analysis, quantitative research, and testing to improve portfolio management and performance;
  • Utilizing technical skills including Machine Learning and statistical analysis to elicit objective answers from historical financial market data;
  • Option datasets: Option Metrics or I Volatility;
  • Analyzing structured finance products, individual derivative positions in the portfolio, and exploring and visualizing patterns and trends in the analyzed data;
  • Providing investment research and presenting it including document workflows, processes, and results;
  • Adapting financial and economic theory to solve business problems, implementing findings through back testing and simulations;
  • Writing, debugging, and testing software written in Python and with PyCharm; and
  • Database management and SQL.

SALARY: $110,000.00 per year
Please submit resume online through this site https://www.calamos.com/.
Equal Opportunity Employer
This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.

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