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Quantitative Associate Jobs in Chicago, IL (NOW HIRING)

Dime Line Trading

Quantitative Trader

Chicago, IL · On-site

We are seeking a Quantitative Trader to join our Chicago office. This role focuses on leading quantitative research initiatives, developing predictive models, and directly contributing to trading ...

Databento

Quantitative Sales

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 ...

Quanta Search

Quantitative Trader

Chicago, IL

The team is responsible for the complete lifecycle of quantitative investment process, research, development, and trading of systematic strategies. The team strongly emphasizes cutting-edge ...

Quanta Search

Quantitative Trader

Chicago, IL · On-site

The team is responsible for the complete lifecycle of quantitative investment process, research, development, and trading of systematic strategies. The team strongly emphasizes cutting-edge ...

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 ...

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Quantitative Associate information

See Chicago, IL salary details

$32K

$93.4K

$150.5K

How much do quantitative associate jobs pay per year?

As of May 28, 2026, the average yearly pay for quantitative associate in Chicago, IL is $93,383.00, according to ZipRecruiter salary data. Most workers in this role earn between $36,100.00 and $122,700.00 per year, depending on experience, location, and employer.

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.

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 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 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 most commonly searched types of Quantitative jobs in Chicago, IL? The most popular types of Quantitative jobs in Chicago, IL are:
What are popular job titles related to Quantitative Associate jobs in Chicago, IL? For Quantitative Associate jobs in Chicago, IL, the most frequently searched job titles are:
What job categories do people searching Quantitative Associate jobs in Chicago, IL look for? The top searched job categories for Quantitative Associate jobs in Chicago, IL are:
What cities near Chicago, IL are hiring for Quantitative Associate jobs? Cities near Chicago, IL with the most Quantitative Associate job openings:
Quantitative Associate jobs near you
Infographic showing various Quantitative Associate job openings in Chicago, IL as of May 2026, with employment types broken down into 1% As Needed, 94% Full Time, 3% Part Time, and 2% Contract. Highlights an 61% Physical, 13% Hybrid, and 26% Remote job distribution, with an average salary of $93,383 per year, or $44.9 per hour.

Quantitative Trader

Dime Line Trading

Chicago, IL • On-site

Full-time

Posted 20 days ago

Job description

We are seeking a Quantitative Trader to join our Chicago office. This role focuses on leading quantitative research initiatives, developing predictive models, and directly contributing to trading strategy design and execution.
This individual will play a meaningful role in driving trading performance through research, automation, and systematic improvement.
Responsibilities
  • Design, build, and maintain predictive models and trading strategies
  • Conduct independent quantitative research to generate actionable trading insights
  • Develop and enhance automated trading systems
  • Evaluate model performance and drive iterative improvements
  • Collaborate with traders and developers to improve execution quality, automation, and system reliability
  • Take ownership of operational and production workflows supporting live trading
  • Work evenings and weekends during active sports schedules
Required Skills
  • 2–5+ years of experience in quantitative research, trading, or related analytical roles
  • Strong proficiency in R, Python, and/or SQL
  • Solid foundation in regression, statistical modeling, and applied quantitative methods
  • Experience working with large datasets and production systems
  • Ability to independently scope and execute research initiatives
  • Availability to work evenings and weekends aligned with sports schedules
Nice to Have
  • Experience in sports analytics or trading
  • Deep knowledge of major sports and betting markets
  • Experience working with real-time or market data (financial, crypto, or sports)