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Quantitative Modeling Jobs in Chicago, IL (NOW HIRING)

Bank of America

Sr. Quantitative Finance Manager

Chicago, IL · On-site

$112K - $153K/yr

Directs a quantitative team with model coverage of specified focus areas and oversees stakeholder engagement, including team effort in preparation for audit and regulatory exams * Sets quantitative ...

Eagle Seven

Algorithmic Trader

Chicago, IL

Applying expertise in market microstructure, historical tick data, and quantitative modeling to conduct research and develop new sources of alpha * Working closely with strategy developers to ...

Eagle Seven

Algorithmic Trader

Chicago, IL · On-site

Applying expertise in market microstructure, historical tick data, and quantitative modeling to conduct research and develop new sources of alpha * Working closely with strategy developers to ...

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 ... Use advanced research techniques to develop trading models. * Peer-review the research of other ...

Old Mission

Systematic Equity Options Trader

Chicago, IL · On-site +1

$170K - $250K/yr

Build and maintain quantitative models for options pricing, volatility forecasting, and risk management * Monitor and optimize existing strategies, identifying opportunities for enhancement and ...

Edgehog Trading

Quantitative Researcher

Chicago, IL · On-site

Conduct signal, alpha, and feature research to develop models that improve trading strategy performance * Design, backtest, and iterate on quantitative trading models from ideation through production ...

Old Mission

Quantitative Researcher (ETFs)

Chicago, IL

$170K - $300K/yr

This Quantitative Researcher will be working directly with our international and domestic ETF ... Calibrate new models for unique market environments. * Reverse engineer how the rest of the world ...

TransMarket Group

Senior Trader

Chicago, IL · On-site

Build and maintain quantitative model tools and analytics * Manage real-time execution of trading system * Collaborate with Senior Traders and Junior Traders to contribute to learnings and strategies

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Quantitative Modeling information

See Chicago, IL salary details

$101K

$175K

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How much do quantitative modeling jobs pay per year?

As of Aug 7, 2026, the average yearly pay for quantitative modeling in Chicago, IL is $174,978.00, according to ZipRecruiter salary data. Most workers in this role earn between $138,700.00 and $205,200.00 per year, depending on experience, location, and employer.

What are typical daily tasks and projects for someone in a quantitative modeling role?

In a Quantitative Modeling position, your daily activities usually include analyzing large datasets, building and validating predictive models, and developing algorithms to solve business or financial problems. You might spend time coding, running simulations, and interpreting model outputs to inform strategy or risk assessment. Collaboration is common—you'll often work with data scientists, business analysts, or subject matter experts to refine models and ensure they're aligned with organizational goals. The work is intellectually stimulating and fast-paced, with opportunities to see your analytical insights directly impact decision-making.

What is a quantitative modeling?

A Quantitative Modeling job involves using mathematical, statistical, and computational techniques to analyze data and construct models that help businesses make informed decisions. Professionals in this field work in finance, risk management, economics, and other industries to develop predictive models, optimize strategies, and assess uncertainties. They often use programming languages like Python, R, or MATLAB, along with machine learning and statistical methods, to solve complex problems.

What are the key skills and qualifications needed to thrive in the quantitative modeling position, and why are they important?

To excel in Quantitative Modeling, a strong foundation in mathematics, statistics, and data analysis is essential, often complemented by a degree in a quantitative field such as mathematics, finance, engineering, or physics. Proficiency in programming languages like Python, R, MATLAB, or statistical software, as well as familiarity with data visualization tools and financial modeling certifications (such as CFA or FRM), is highly valued. Effective quantitative modelers possess strong problem-solving abilities, attention to detail, and the ability to communicate complex findings clearly to both technical and non-technical stakeholders. These skills enable accurate, data-driven decision-making and the creation of robust predictive models in business, finance, or technology sectors.

What are the most commonly searched types of Quantitative Modeling jobs in Chicago, IL? The most popular types of Quantitative Modeling jobs in Chicago, IL are:
What are popular job titles related to Quantitative Modeling jobs in Chicago, IL? For Quantitative Modeling jobs in Chicago, IL, the most frequently searched job titles are:
What job categories do people searching Quantitative Modeling jobs in Chicago, IL look for? The top searched job categories for Quantitative Modeling jobs in Chicago, IL are:
Quantitative Modeling jobs near you
Infographic showing various Quantitative Modeling job openings in Chicago, IL as of August 2026, with employment types broken down into 86% Full Time, 11% Part Time, and 3% Contract. Highlights an 84% Physical, 4% Hybrid, and 12% Remote job distribution, with an average salary of $174,978 per year, or $84.1 per hour.

Junior Quantitative Researcher

Akuna Capital

Chicago, IL

$145K/yr

Full-time

Medical, Dental, Vision, Retirement, PTO

Posted 24 days ago

Job description

About Akuna:

Akuna Capital is an innovative trading firm with a strong focus on collaboration, cutting-edge technology, data driven solutions, and automation. We specialize in providing liquidity as an options market-maker - meaning we are committed to providing competitive quotes that we are willing to both buy and sell. To do this successfully, we design and implement our own low latency technologies, trading strategies and mathematical models. 

Our Founding Partners first conceptualized Akuna in their hometown of Sydney. They opened the firm's first office in 2011 in the heart of the derivatives industry and the options capital of the world - Chicago. Today, Akuna is proud to operate from additional offices in Sydney, Shanghai, London, and Singapore. 

What you'll do as a Junior Quantitative Researcher at Akuna:

Akuna's Quant team is looking to add Junior Quant Researchers to a team of mathematicians, statisticians, and technologists. This team creates trading strategies scientifically by combining its quantitative expertise with sophisticated understanding of derivatives and financial markets.

We are looking for talented researchers who can apply and develop machine learning algorithms to contribute to Akuna's strategy portfolio. In this role you will:

  • Develop trading strategies using statistical and machine learning algorithms.
  • Design and implement optimization algorithms for portfolio construction.
  • Develop quantitative models describing market behavior.
  • Advance existing initiatives and explore opportunities for new research topics.

Qualities that make great candidates:

  • Bachelors, masters, or PhD in a technical field - Engineering, Statistics, Computer Science, Mathematics, Physics (or a related subject) must be completed upon employment
  • Expertise in statistics and machine learning
  • Experience building mathematical models for complex real-world problems
  • Intermediate programming skills in Python
  • The ability to react quickly and accurately to rapidly changing market conditions, including the ability to quickly and accurately respond and/or solve math and coding problems are essential functions of the role
  • Financial experience is not a requirement
  • Must be graduating August 2027 or prior
  • GPA of 3.5 or above
  • Legal authorization to work in the U.S. is required on the first day of employment including F-1 students using OPT or STEM

**Resumes must be submitted in PDF format. 

In addition to technical skillsets, Akuna values the unique perspectives people can bring to the table to collaboratively solve complex problems and drive Akuna forward. We want everyone to feel empowered to apply. We welcome your application and encourage you to take the first steps toward your future with us!

Please note: By submitting an application for this role, you are indicating this is your top preference and acknowledge you will not be considered for other Quant and/or Tech roles at Akuna this recruiting season. This acknowledgement does not limit applications to Trading roles - in addition to this role, you may apply to any Trader roles of interest. 

In accordance with Illinois Equal Pay Act, the minimum base salary starts at $145,000. Exact compensation offered may vary based on many factors including, but not limited to, the candidate's experience, qualifications, and skill set. This role is also eligible for a discretionary performance bonus as part of the total compensation package and includes a comprehensive benefits package that may encompass employer-paid medical, dental, vision, retirement contributions, paid time off, and other benefits. The minimum base salary herein was determined in good faith by Akuna Capital LLC.

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