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Quantitative Developer Jobs in Chicago, IL (NOW HIRING)

Virtu Financial

Quantitative Trader

Chicago, IL · On-site

$150K - $200K/yr

This team also has the opportunity to work closely with software engineers to enhance and further develop the firm's trading strategies. Quantitative Traders not only become experts in trading ...

Old Mission

Quantitative Trader (Options)

Chicago, IL

$150K - $200K/yr

Work closely with other traders, quants and developers. * Leverage a sophisticated trading platform to execute desired trades, sourcing available liquidity across multiple exchanges. Required Skills

IMC

Graduate Quantitative Trader

Chicago, IL · On-site

$250K/yr

As a Quant Trader, you will be part of highly motivated team facing the daily challenge of managing ... In this role you will work closely with IMC's researchers, developers and engineers in an ...

IMC

Graduate Quantitative Trader

Chicago, IL

$250K/yr

As a Quant Trader, you will be part of highly motivated team facing the daily challenge of managing ... In this role you will work closely with IMC's researchers, developers and engineers in an ...

Old Mission

Quantitative Trader (Options)

Chicago, IL · On-site

$150K - $200K/yr

Work closely with other traders, quants and developers. * Leverage a sophisticated trading platform to execute desired trades, sourcing available liquidity across multiple exchanges. Required Skills

3Red Partners

Quant

Chicago, IL

$150K - $250K/yr

The Quant will have the opportunity to work in one of our offices focusing on expanding and optimizing current and future trading opportunities. We are seeking a candidate that is looking for an ...

3Red Partners

Quant

Chicago, IL · On-site

$150K - $250K/yr

The Quant will have the opportunity to work in one of our offices focusing on expanding and optimizing current and future trading opportunities. We are seeking a candidate that is looking for an ...

Next Step Systems

Quantitative Analyst

Northbrook, IL · On-site

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 ...

Anson McCade

Quantitative Researcher

Chicago, IL · On-site

$200K - $400K/yr

Permanent Quant Researcher, HFT Equities/Futures - NYC/Chicago Anson McCade have partnered with a ... Design, engineer and implement research and trading software for electronic trading * Cover ...

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All JobsQuantitative Developer JobsQuantitative Developer Jobs in Chicago, IL

Quantitative Developer information

See Chicago, IL salary details

$101K

$174.8K

$267.3K

How much do quantitative developer jobs pay per year?

As of Jul 29, 2026, the average yearly pay for quantitative developer in Chicago, IL is $174,845.00, according to ZipRecruiter salary data. Most workers in this role earn between $138,600.00 and $205,000.00 per year, depending on experience, location, and employer.

What do you do as a quant developer?

A quantitative developer designs, implements, and maintains algorithms and models used for trading, risk management, and financial analysis. They typically work with programming languages like Python, C++, or Java and use data analysis tools to develop automated trading systems. Strong mathematical, statistical, and coding skills are essential in this role, often within a fast-paced financial environment.

What jobs pay $500,000 a year in the US?

Quantitative developers in finance, such as those working in hedge funds, investment banks, or proprietary trading firms, can earn $500,000 or more annually through base salary, bonuses, and profit sharing. High-level roles often require advanced degrees, strong programming skills in languages like C++ or Python, and expertise in financial modeling and risk management.

How does a Quantitative Developer typically collaborate with quantitative analysts and traders in a financial firm?

Quantitative Developers work closely with quantitative analysts to implement mathematical models into robust, efficient code that can be used by traders for real-time decision-making. They often translate research prototypes into production-ready applications, ensuring that the models are both accurate and optimized for speed. Regular communication with traders helps Quantitative Developers understand the practical requirements of trading strategies, allowing them to tailor tools and systems for maximum usability and impact. This collaborative environment is essential for quickly adapting to market changes and maintaining a competitive edge.

What is a quant developer's salary?

A quantitative developer's salary typically ranges from $100,000 to $200,000 annually, with higher compensation often available in financial hubs and for those with advanced skills in programming, mathematics, and financial modeling. Bonuses and profit sharing can significantly increase total compensation for experienced professionals.

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

To thrive as a Quantitative Developer, you need expertise in mathematics, statistics, programming (often in Python, C++, or Java), and a strong background in quantitative finance or a related field. Familiarity with financial modeling tools, version control systems like Git, and experience with data analysis libraries or platforms are typically required. Strong problem-solving abilities, attention to detail, and effective communication make candidates stand out in this role. These skills are crucial for developing robust, efficient models and tools that directly support trading, risk management, and financial decision-making.

What is the difference between Quantitative Developer vs Quantitative Analyst?

AspectQuantitative DeveloperQuantitative Analyst
Required CredentialsDegree in Computer Science, Mathematics, or related field; programming skills (Python, C++, Java)Degree in Finance, Economics, or Mathematics; strong analytical skills
Work EnvironmentPrimarily software development, coding, and system implementationData analysis, modeling, and strategy development
Employer & Industry UsageFinancial firms, hedge funds, trading desksInvestment banks, asset management firms, hedge funds
Common Search & ComparisonFocuses on coding and system buildingFocuses on market analysis and strategy

While both roles work within the finance industry and require quantitative skills, Quantitative Developers primarily focus on building and maintaining trading systems and algorithms through programming. Quantitative Analysts concentrate on analyzing data and developing models to inform trading strategies. The roles often collaborate but differ in their core responsibilities and skill sets.

What are Quantitative Developers?

Quantitative Developers, often called 'quant devs,' are professionals who combine expertise in programming, mathematics, and finance to design, develop, and maintain complex financial models and trading algorithms. They work closely with quantitative analysts (quants) to implement models that analyze financial data, price securities, or automate trading strategies. Their role typically involves programming in languages like Python, C++, or Java, and working with large datasets to ensure the efficiency and accuracy of financial systems. Quantitative Developers play a critical role in investment banks, hedge funds, and financial technology firms.

What Is a Quantitative Developer?

A quantitative developer is a computer programmer and software engineer who writes code and develops trading infrastructure for investment banks. As a quantitative developer, your job duties include creating and testing financial models and forecasts, validating and documenting the performance of financial models, analyzing performance results, and reporting on the data to traders, financial engineers, and IT support. You need a strong background in scientific computing, an understanding of financial markets, and good communication skills to be an effective quantitative developer.

What jobs make $1,000,000 a year?

Quantitative developers in finance, hedge fund managers, and senior traders can earn $1,000,000 or more annually, often through a combination of base salary, bonuses, and profit sharing. Success in these roles typically requires advanced programming skills, strong financial knowledge, and experience with trading algorithms or risk management tools.
More about Quantitative Developer jobs
What are the most commonly searched types of Quantitative Developer jobs in Chicago, IL? The most popular types of Quantitative Developer jobs in Chicago, IL are:
What are popular job titles related to Quantitative Developer jobs in Chicago, IL? For Quantitative Developer jobs in Chicago, IL, the most frequently searched job titles are:
What job categories do people searching Quantitative Developer jobs in Chicago, IL look for? The top searched job categories for Quantitative Developer jobs in Chicago, IL are:
What cities near Chicago, IL are hiring for Quantitative Developer jobs? Cities near Chicago, IL with the most Quantitative Developer job openings:
Quantitative Developer jobs near you
Infographic showing various Quantitative Developer job openings in Chicago, IL as of July 2026, with employment types broken down into 83% Full Time, 5% Part Time, 1% Temporary, and 11% Contract. Highlights an 82% Physical, 5% Hybrid, and 13% Remote job distribution, with an average salary of $174,845 per year, or $84.1 per hour.
Quantitative Trader

Quantitative Trader

Virtu Financial

Chicago, IL • On-site

$150K - $200K/yr

Other

Posted 26 days ago

Job description

Virtu is a leading financial firm that leverages cutting edge technology to deliver liquidity to the global markets and innovative, transparent trading solutions to our clients. As a market maker, Virtu provides deep liquidity that helps to create more efficient markets around the world. Our market structure expertise, broad diversification, and execution technology enables us to provide competitive bids and offers in over 19,000 securities, at over 235 venues, in 36 countries worldwide 

THE ROLE

Our Quantitative Traders are responsible for the design, operation, and improvement of highperformance algorithmic trading strategies deployed on electronic trading venues around the world. During an intensive period of mentorship and training in trade floor operations, Quantitative Traders learn the intricacies of each step of the trade flow process, eventually integrating into strategy deployment and operation.

This team also has the opportunity to work closely with software engineers to enhance and further develop the firm's trading strategies. 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 forces behind liquidity. This is a great opportunity for the right candidate to kick start a career in the financial technology space.

THE CANDIDATE 

  • Excellent academic background. Hard sciences preferred - physics, chemistry, engineering or math, statistics
  • Outstanding quantitative problemsolving skills and mathematical aptitude.
  • Programming experience is required  (Python, SQL, Java or C++ are a plus). 
  • The ability to communicate information precisely and with agility.
  • A physicalizer; a person who identifies issues and creates solutions without rigid direction or fanfare.
  • Highly motivated and tenacious individual, with a proven ability to take initiative and work independently and within a team.
  • Team player: authentic, genuine person who is capable of working collective goals.
  • Prior experience with trading, strategy games or poker, is helpful but not required.
  • No finance background is necessary.

THE PROCESS

After applicants pass an initial resume screening, an online test will be sent via email. This test is from a service called Hackerrank so please be on the lookout. After passing the OA, we will contact you to arrange a phone screen. We looking forward to meeting you!

Salary Range: $150,000 - $200,000 (salary range is exclusive of bonuses, benefits or other categories of compensation. See our careers page for more information)
Virtu Financial is an equal opportunity employer, committed to a diverse and inclusive workplace, welcoming you for who you are and does not discriminate on the basis of race, national origin, gender, gender identity, sexual orientation, protected veteran status, disability, age, or other legally protected status.

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