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Quantitative Associate Jobs (NOW HIRING)

Duke University

Quantitative Associate

Durham, NC · On-site

$125K - $140K/yr

DUMAC is seeking a highly motivated and intellectually curious Quantitative Associate/Analyst to join our Data Science & Risk team. This role is designed to provide deep, cross-functional exposure to ...

Duke University

Quantitative Associate

Durham, NC

$125K - $140K/yr

DUMAC is seeking a highly motivated and intellectually curious Quantitative Associate/Analyst to join our Data Science & Risk team. This role is designed to provide deep, cross-functional exposure to ...

Corgi

Quantitative Associate

Chicago, IL

$200K - $350K/yr

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 ...

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Quantitative Associate information

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$31K

$90.6K

$146K

How much do quantitative associate jobs pay per year?

As of Jun 12, 2026, the average yearly pay for quantitative associate in the United States is $90,579.00, according to ZipRecruiter salary data. Most workers in this role earn between $35,000.00 and $119,000.00 per year, depending on experience, location, and employer.

How do Quantitative Associates typically collaborate with traders and technology teams in a financial firm?

Quantitative Associates often work closely with traders to understand their strategies and provide data-driven insights that improve trading outcomes. They also collaborate with technology teams to implement models into production systems, ensuring that algorithms are both effective and efficient. This cross-functional teamwork requires strong communication skills and a willingness to learn from professionals in different disciplines. Regular meetings, joint problem-solving sessions, and collaborative project management tools are commonly used to keep everyone aligned and drive successful outcomes.

What is the difference between Quantitative Associate vs Quantitative Analyst?

AspectQuantitative AssociateQuantitative Analyst
Required CredentialsTypically a master's degree in finance, mathematics, or related field; strong programming skillsSimilar educational background; often requires advanced quantitative skills and certifications
Work EnvironmentFinancial firms, hedge funds, asset management; collaborative teamsSame as Quantitative Associate; focused on model development and data analysis
Employer & Industry UsageCommon in investment banks, hedge funds, asset managersUsed interchangeably in many firms; both roles involve quantitative modeling
Search & Comparison IntentHigh overlap; both roles involve quantitative analysis and modeling

Both Quantitative Associates and Quantitative Analysts work in similar environments, requiring advanced degrees and strong analytical skills. The roles often overlap in responsibilities, focusing on developing models, analyzing data, and supporting trading or investment decisions. The main difference may lie in job titles used by different firms, but their core functions are quite comparable.

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

To thrive as a Quantitative Associate, you need strong quantitative analysis skills, advanced knowledge of mathematics and statistics, and typically a degree in a quantitative field such as mathematics, finance, or engineering. Proficiency in programming languages like Python or R, data analysis tools, and experience with financial modeling platforms are commonly required. Attention to detail, problem-solving abilities, and effective communication help you translate complex data insights into actionable business strategies. These skills are critical for developing accurate models, managing risk, and supporting data-driven decision-making in financial environments.

What are Quantitative Associates?

Quantitative Associates are professionals who use mathematical, statistical, and computational techniques to analyze financial data and develop models for decision-making in fields such as banking, investment, and risk management. They often support senior quantitative analysts or traders by implementing algorithms, conducting data analysis, and providing insights to improve business strategies. These roles typically require strong skills in programming, mathematics, and finance, and are commonly found in investment banks, hedge funds, and financial technology firms.
More about Quantitative Associate jobs
What cities are hiring for Quantitative Associate jobs? Cities with the most Quantitative Associate job openings:
What are the most commonly searched types of Quantitative jobs? The most popular types of Quantitative jobs are:
Who are the top companies hiring for Quantitative Associate jobs? The top employers for Quantitative Associate jobs are:
What states have the most Quantitative Associate jobs? States with the most job openings for Quantitative Associate jobs include:
What job categories do people searching Quantitative Associate jobs look for? The top searched job categories for Quantitative Associate jobs are:
Quantitative Associate jobs near you
Infographic showing various Quantitative Associate job openings in the United States as of June 2026, with employment types broken down into 12% As Needed, 64% Full Time, 12% Part Time, 6% Temporary, and 6% Nights. Highlights an 97% Physical, 1% Hybrid, and 2% Remote job distribution, with an average salary of $90,579 per year, or $43.5 per hour.
Quantitative Associate

Quantitative Associate

Duke University

Durham, NC • On-site

$125K - $140K/yr

Full-time

Medical, Dental, Retirement

Posted 17 hours ago

Duke University rating

6.5

Company rating: 6.5 out of 10

Based on 54 frontline employees who took The Breakroom Quiz

437th of 536 rated colleges and universities

Job description

Be You. Be Bold. Choose Duke.
Be You.
DUMAC is the investment office that manages a multi-billion dollar global portfolio on behalf of Duke University and other pools of capital. Our mission is to provide critical financial support to the university for professorships, student scholarships, and pioneering research. The Data Science & Risk team serves as a central quantitative hub, partnering with all investment groups to drive data-informed decision-making, enhance portfolio construction, and manage risk.
DUMAC is seeking a highly motivated and intellectually curious Quantitative Associate/Analyst to join our Data Science & Risk team. This role is designed to provide deep, cross-functional exposure to all aspects of institutional investing. You will work on high-impact projects that span our Public, Private, and Direct investment portfolios, as well as our back-office operations.
This position offers a robust training ground for a career in quantitative finance and asset management, with the potential for long-term advancement within the organization for exceptional performers. You will be a key contributor to the team, bringing fresh perspectives and technical skills to solve complex investment challenges.
Minimum Qualifications
Education
Work requires communications and analytical skills generally acquired through completion of a bachelor's degree program. An MBA and CFA are preferred.
Experience
Work requires experience in research and financial analysis, generally acquired through two years of related experience. OR AN EQUIVALENT COMBINATION OF RELEVANT EDUCATION AND/OR EXPERIENCE
Be Bold.
What You'll Do:
  • Analyze and model portfolio exposures, performance, and risk across a diverse range of asset classes.
  • Develop quantitative models to assess investment manager factor exposures and identify drivers of return.
  • Contribute to private asset cash flow forecasting and pacing models to inform portfolio construction and liquidity management.
  • Research, develop, and backtest systematic investment strategies in collaboration with investment teams.
  • Explore and implement AI/ML techniques to enhance investment decision-making and optimize operational workflows.
  • Design, build, and maintain interactive dashboards and visualizations to communicate complex data and insights to stakeholders across the organization.
  • Collaborate with investment professionals and operational teams (Finance, Legal) on a variety of cross-functional projects.

What We're Looking For
  • Bachelor's or Master's degree in a quantitative field such as Finance, Economics, Statistics, Computer Science, Engineering, or Mathematics.
  • A demonstrated passion for investing and a strong desire to learn about financial markets.
  • Strong proficiency in R or Python for data analysis, modeling, and automation.
  • Excellent communication skills with the ability to articulate complex technical concepts to non-technical audiences.
  • An independent thinker with a proactive mindset and a high degree of intellectual curiosity.
  • Experience building dashboards and data visualizations using tools like R Shiny, Python Dash, Tableau, or Power BI.
  • Familiarity with financial markets, different asset classes, and investment concepts is a plus, but not required.
  • Prior internship or project experience in finance, asset management, or a related quantitative field for Quantitative Analyst; 3-5-year relevant work experience for Quantitative Associate.
  • Exposure to machine learning libraries (e.g., scikit-learn, TensorFlow, PyTorch) and techniques.
  • Experience with database querying (e.g., SQL).

Choose Duke.
Why Join DUMAC?
  • Impact: Play a critical role in supporting the mission of a world-class university.
  • Exposure: Gain unparalleled experience across public and private markets, working directly with seasoned investment professionals.
  • Growth: Join a collaborative, mentorship-driven environment with a clear path for professional development and learning.
  • Culture: Be part of a dynamic, intellectually stimulating team that sits at the intersection of technology and finance.

Anticipated Pay Range: Duke University provides an annual base salary range for this position as USD $125,000.00 to USD $140,000.00. Duke University considers factors such as (but not limited to) scope and responsibilities of the position; candidate's work experience, education/training, and key skills; internal peer equity; as well as market and organizational considerations when extending an offer.
Your total compensation goes beyond the dollars on your paycheck. Duke provides comprehensive and competitive medical and dental care programs, generous retirement benefits, and a wide array of family-friendly and cultural programs to eligible team members. Learn more at: https://hr.duke.edu/benefits/
Equal Opportunity Employer: Duke is an Equal Opportunity Employer committed to providing employment opportunity without regard to an individual's age, color, disability, gender, gender expression, gender identity, genetic information, national origin, race, religion, sex (including pregnancy and pregnancy- related conditions), sexual orientation, or military status.
Duke aspires to create a community built on collaboration, innovation, creativity, and belonging. Our collective success depends on the robust exchange of ideas-an exchange that is best when the rich diversity of our perspectives, backgrounds, and experiences flourishes. To achieve this exchange, it is essential that all members of the community feel secure and welcome, that the contributions of all individuals are respected, and that all voices are heard. All members of our community have a responsibility to uphold these values.
Essential Physical Job Functions:
Certain jobs at Duke University and Duke University Health System may include essential job functions that require specific physical and/or mental abilities. Additional information and reasonable accommodation(s) can be requested with Duke Access and Accommodations Services (email: DAAS@duke.edu; phone: 919-668-1267).

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About Duke University

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Duke is regarded as one of America's leading research universities. Located in Durham, North Carolina, Duke is positioned in the heart of the Research Triangle, which is ranked annually as one of the best places in the country to work and live. Duke has more than 15,000 students who study and conduct research in its 10 undergraduate, graduate, and professional schools. With about 40,000 employees, Duke is the third largest private employer in North Carolina, and it now has international programs in more than 150 countries.

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Colleges, universities, and professional schools and hospitals

Company size

10,000+ Employees

Headquarters location

Durham, NC, US

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