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Quantitative Developer Jobs in Philadelphia, PA (NOW HIRING)

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Quantitative Developer information

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$98.9K

$171.3K

$261.9K

How much do quantitative developer jobs pay per year?

As of Aug 18, 2026, the average yearly pay for quantitative developer in Philadelphia, PA is $171,271.00, according to ZipRecruiter salary data. Most workers in this role earn between $135,700.00 and $200,800.00 per year, depending on experience, location, and employer.

What is a quantitative developer?

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 are the key skills and qualifications needed to thrive as a quantitative developer?

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.

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 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 the most commonly searched types of Quantitative Developer jobs in Philadelphia, PA?

The most popular types of Quantitative Developer jobs in Philadelphia, PA are:

What are popular job titles related to Quantitative Developer jobs in Philadelphia, PA?

For Quantitative Developer jobs in Philadelphia, PA, the most frequently searched job titles are:

What job categories do people searching Quantitative Developer jobs in Philadelphia, PA look for?

The top searched job categories for Quantitative Developer jobs in Philadelphia, PA are:

Infographic showing various Quantitative Developer job openings in Philadelphia, PA as of August 2026, with employment types broken down into 81% Full Time, 5% Part Time, and 14% Contract. Highlights an 83% Physical, 5% Hybrid, and 12% Remote job distribution, with an average salary of $171,271 per year, or $82.3 per hour.

Senior Quantitative Credit Strategist

Vanguard Group, Inc.

Malvern, PA • On-site

Full-time

Re-posted 7 days ago


Vanguard rating

8.7

Company rating: 8.7 out of 10

Based on 64 frontline employees who took The Breakroom Quiz

16th of 150 rated financial services


Job description

The Opportunity
This is a senior role within the Fixed Income Quantitative Research Group. The Senior Corporate Credit Quantitative Strategist will help set the research agenda in partnership with the Global Head of Quantitative Research and other senior investors. The successful candidate will partner with portfolio managers, credit analysts, and risk teams to design, implement, and scale quantitative models supporting corporate bond investment strategies. The role focuses on credit alpha generation, relative value, and portfolio construction across global investment-grade and high-yield markets.
A key success factor is the ability to translate quantitative research into investment ideas used in live portfolios, enhancing security selection, sizing, and risk management.
What You'll Do
  • Develop quantitative models for credit investing that directly inform alpha generation, issuer/sector selection, relativevalue decisions, and position sizing across global IG and HY portfolios.
  • Create and maintain quantitative signals like valuation, spread, quality, momentum, liquidity, downside risk with a demonstrated link to excess return across market regimes.
  • Partner closely with corporate credit portfolio managers and analysts to ensure quantitative insights drive live portfolio decisions, not standalone research.
  • Partner with quantitative research analysts on all stages of the model development life cycle. Take ownership of backtesting, performance attribution, and factor analysis, clearly articulating what drove returns, what detracted, and how strategies performed in stress environments.
  • Analyze issuer-, sector-, and capital-structure-level relationships to identify actionable relative-value opportunities in corporate bonds.
  • Translate research into scalable, production-ready analytics embedded in portfolio construction and risk workflows.
  • Communicate quantitative insights succinctly to PMs and senior investment leadership, focusing on decision-relevant outcomes.
  • Mentor junior quants and uphold research standards, model governance, and documentation.

What It Takes
Required Qualifications
  • Advanced degree (Master's or PhD) in a quantitative discipline (Mathematics, Statistics, Physics, Engineering, Quantitative Finance).
  • 15+ years of experience in quantitative research or strategy with a primary focus on corporate credit.
  • Experience supporting systematic or quantitatively-enabled credit strategies.
  • Deep understanding of corporate debt markets, including spread dynamics, capital structure, ratings migration, and default cycles.
  • Expertise with synthetic credit, capital structure RV, and leveraged loans. Proven ability to generate investment ideas independently and partner with PMs is a strong indicator of success in this role.
  • Strong programming skills in Python (required); SQL and/or R preferred.
  • Experience working with large fixed-income datasets (TRACE, BQUANT, issuer fundamentals, pricing, liquidity metrics).
  • Proven ability to deliver actionable research used by PMs.

Preferred / Differentiating Skills
  • Exposure to credit risk models, issuer-level forecasting, and stress testing.
  • Prior experience embedding models into portfolio construction or risk platforms.
  • Prior experience with structured credit and global credit markets
  • CFA or progress toward CFA.

Special Factors
Sponsorship
Vanguard is not offering visa sponsorship for this position.
About Vanguard
At Vanguard, we don't just have a mission-we're on a mission.
To work for the long-term financial wellbeing of our clients. To lead through product and services that transform our clients' lives. To learn and develop our skills as individuals and as a team. From Malvern to Melbourne, our mission drives us forward and inspires us to be our best.
How We Work
Vanguard has implemented a hybrid working model for the majority of our crew members, designed to capture the benefits of enhanced flexibility while enabling in-person learning, collaboration, and connection. We believe our mission-driven and highly collaborative culture is a critical enabler to support long-term client outcomes and enrich the employee experience.

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