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Quantitative Associate Jobs in Illinois (NOW HIRING)

Corgi Insurance

Quantitative Associate

Chicago, IL · On-site

$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 ...

Databento

Quantitative Sales Associate

Chicago, IL · Remote

Responsibilities As a Quantitative Sales Associate, you will oversee the full scope of sales at Databento. This includes the following: * Own the technical sales process, from answering technical ...

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 ...

DRW

Quantitative Trader - Futures

Chicago, IL · On-site

$150K - $250K/yr

DRW is seeking a Senior Quantitative Trader (Delta One) to join the FICCO options trading business. This individual will operate as an embedded quantitative research and trading lead within an ...

TransMarket Group

Junior Quantitative Trader

Chicago, IL · On-site

Description Our Quantitative Traders are passionate about improving the global economy by facilitating risk transfer and restoring order to prices. At TransMarket Group, you will be called on to work ...

Old Mission

Quantitative FX Trader

Chicago, IL · On-site

$150K - $225K/yr

This Quantitative FX Trader will report directly to a managing partner in Chicago. This trader must be able to demonstrate exemplary decision making skills in addition to superior risk management ...

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All JobsQuantitative Associate JobsQuantitative Associate Jobs in Illinois

Quantitative Associate information

See Illinois salary details

$30K

$87.8K

$141.5K

How much do quantitative associate jobs pay per year?

As of Jul 26, 2026, the average yearly pay for quantitative associate in Illinois is $87,774.00, according to ZipRecruiter salary data. Most workers in this role earn between $33,900.00 and $115,300.00 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 jobs make $1,000,000 a year?

In the finance industry, senior roles such as hedge fund managers, private equity partners, and investment bankers can earn $1,000,000 or more annually, often through a combination of salary, bonuses, and profit sharing. Quantitative associates working in hedge funds or proprietary trading firms with successful strategies and significant assets under management may also reach this level, especially with performance-based incentives and advanced skills in data analysis and programming. High earnings typically require extensive experience, strong performance, and often a high level of education or certifications.

What is a quantitative associate?

A quantitative associate is a financial professional who applies mathematical, statistical, and programming skills to analyze data and develop models for trading, risk management, or investment strategies. They often work with tools like Python, R, or MATLAB and require strong analytical abilities and knowledge of finance or economics. The role typically involves collaboration with traders and analysts in a fast-paced environment.

What are the 4 types of quants?

Quantitative associates typically fall into four main categories: sell-side quants who develop trading models, buy-side quants who analyze investment strategies, risk quants who assess financial risks, and technology quants who build computational tools. These roles often require strong programming skills, statistical knowledge, and a solid understanding of financial markets.

Do quants make a lot of money?

Quantitative associates typically earn high salaries due to their specialized skills in mathematics, programming, and finance. Compensation often includes base salary, bonuses, and profit sharing, with total earnings varying based on experience, firm size, and performance.

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.
What are the most commonly searched types of Quantitative jobs in Illinois? The most popular types of Quantitative jobs in Illinois are:
What are popular job titles related to Quantitative Associate jobs in Illinois? For Quantitative Associate jobs in Illinois, the most frequently searched job titles are:
What job categories do people searching Quantitative Associate jobs in Illinois look for? The top searched job categories for Quantitative Associate jobs in Illinois are:
What cities in Illinois are hiring for Quantitative Associate jobs? Cities in Illinois with the most Quantitative Associate job openings:
Quantitative Associate jobs near you
Infographic showing various Quantitative Associate job openings in Illinois as of July 2026, with employment types broken down into 1% As Needed, 73% Full Time, 24% Part Time, 1% Temporary, and 1% Contract. Highlights an 97% Physical, 1% Hybrid, and 2% Remote job distribution, with an average salary of $87,774 per year, or $42.2 per hour.

Quantitative Associate

Corgi Insurance

Chicago, IL • On-site

$200K - $350K/yr

Full-time

Posted 20 days ago

Job description

Location: Chicago, IL and London, UK

Compensation: $200,000-$350,000 or £150,000-£250,000 | Equity Options

About Corgi

Corgi is a full-stack insurance carrier building better, faster insurance products from the ground up. We're not just a broker: we design, underwrite, price, and issue policies directly, with fewer handoffs and less friction. Insurance is the largest unautomated industry in financial services, and we're rebuilding it using AI. We've raised $374M from Kindred, TCV, and others to do so. YC S24.

What You'll Do

  • This is a unique role for someone who likes to find the answer in the numbers and build quantitative driven solutions to help us solve some of the hardest problems in insurance and portfolio management.

  • 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 portfolio and development of underwriting strategy.

    • Analyze large and complex datasets to identify insurance trends, risks, and opportunities

    • Partner with engineering and product teams to implement the results of your findings.

  • Support the Head of Quantitative Strategy in the management of the Corgi investment portfolio and the development of our investment strategy.

    • Design experiments and evaluate outcomes using statistical methods.

    • Build and stress-test trade ideas from concept to execution that will directly contribute to the management of the investment portfolio.

  • Support strategic initiatives across insurance, operations, finance, and growth.

What We're Looking For

  • Strong quantitative background in mathematics, statistics, economics, physics, computer science, engineering, or a related field.

  • Exceptional analytical and problem-solving abilities.

  • Familiarity with statistical modeling, forecasting, optimization, or machine learning techniques.

  • Ability to communicate complex concepts clearly and effectively.

  • Strong intellectual curiosity and willingness to learn new domains quickly.

  • Comfortable operating in a fast-moving, ambiguous environment.

Nice to Have

  • Experience in insurance, financial services, capital markets, or other data-intensive industries.

  • Exposure to predictive modeling, risk modeling, or actuarial concepts.

  • Experience building production analytical tools or models.

  • Familiarity with modern data infrastructure and cloud-based analytics platforms.

  • Advanced degree in a quantitative discipline.

Why Corgi

  • Work directly on some of the hardest problems in insurance

  • Build models that influence real-world decisions and outcomes

  • Join a small, highly ambitious team with significant ownership and autonomy

  • Competitive compensation, equity, and benefits

  • Opportunity to help build a category-defining company from the ground up

Compensation Range: £100K - £200K