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Quantitative Portfolio Manager Jobs (NOW HIRING)

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Quantitative Portfolio Manager information

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$37K

$100.5K

$187.5K

How much do quantitative portfolio manager jobs pay per year?

As of May 30, 2026, the average yearly pay for quantitative portfolio manager in the United States is $100,458.00, according to ZipRecruiter salary data. Most workers in this role earn between $65,500.00 and $130,000.00 per year, depending on experience, location, and employer.

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

To thrive as a Quantitative Portfolio Manager, you need strong analytical skills, advanced knowledge of financial markets, and a background in mathematics, statistics, or a related quantitative field, often supported by a graduate degree such as an MSc or PhD. Proficiency in programming languages like Python, R, or MATLAB, as well as experience with portfolio management systems and risk modeling tools, is typically required. Excellent problem-solving abilities, attention to detail, and effective communication skills help you present complex ideas and collaborate with teams. These skills are crucial for developing and implementing data-driven investment strategies that optimize returns while managing risk.

How does a Quantitative Portfolio Manager typically collaborate with data scientists and software engineers on investment strategies?

Quantitative Portfolio Managers frequently work in cross-disciplinary teams alongside data scientists and software engineers to develop, backtest, and implement investment models. Collaboration often involves translating investment ideas into quantitative strategies, refining algorithms based on research, and ensuring robust, efficient code for live trading. Effective communication is key, as portfolio managers must clearly articulate their objectives and constraints while integrating complex technical input. This teamwork fosters innovation and allows for rapid iteration and deployment of strategies.

What is a Quantitative Portfolio Manager?

A Quantitative Portfolio Manager is a finance professional who uses mathematical models and statistical techniques to construct and manage investment portfolios. They analyze large sets of financial data to identify patterns, assess risk, and make informed investment decisions. Their strategies often involve algorithmic trading and systematic approaches, as opposed to relying solely on traditional fundamental analysis. Quantitative Portfolio Managers typically work in hedge funds, asset management firms, and investment banks, focusing on maximizing returns while managing risk.

What is the difference between Quantitative Portfolio Manager vs Quantitative Analyst?

AspectQuantitative Portfolio ManagerQuantitative Analyst
Primary RoleOversees investment portfolios using quantitative models to make trading decisionsDevelops and tests quantitative models to analyze financial data
Required CredentialsAdvanced degrees (Master's/PhD), certifications like CFA or CQF often preferredTypically holds a Master's or PhD in finance, mathematics, or related fields
Work EnvironmentAsset management firms, hedge funds, or investment banksFinancial institutions, research firms, or asset managers
FocusPortfolio performance and risk managementModel development and data analysis

While both roles require strong quantitative skills and similar educational backgrounds, Quantitative Portfolio Managers focus on managing investment portfolios and making strategic trading decisions, whereas Quantitative Analysts primarily develop models and analyze data to support investment strategies.

More about Quantitative Portfolio Manager jobs
What cities are hiring for Quantitative Portfolio Manager jobs? Cities with the most Quantitative Portfolio Manager job openings:
What states have the most Quantitative Portfolio Manager jobs? States with the most job openings for Quantitative Portfolio Manager jobs include:
What job categories do people searching Quantitative Portfolio Manager jobs look for? The top searched job categories for Quantitative Portfolio Manager jobs are:
Infographic showing various Quantitative Portfolio Manager job openings in the United States as of May 2026, with employment types broken down into 90% Full Time, 5% Part Time, and 5% Contract. Highlights an 75% In-person, and 25% Remote job distribution, with an average salary of $100,458 per year, or $48.3 per hour.
Quantitative Derivative Portfolio Manager

$144.80K - $190K/yr

Full-time

Posted 27 days ago


MassMutual rating

8.1

Company rating: 8.1 out of 10

Based on 33 frontline employees who took The Breakroom Quiz

131st of 259 rated insurance


Job description

Quantitative Credit/Derivative Portfolio Manager
Quantitative Portfolio Management Team
Full-Time
Boston, MA
The Opportunity:
The Quantitative Credit/Derivative Portfolio Manager will be responsible for Credit hedging across the MassMutual General Investment Account. This includes performing daily portfolio management activities, such as rebalancing risk and evaluating tactical relative-value tradeoffs, while also contributing to the research of alternative hedging strategies employing simulation and back-testing techniques. The Quantitative Credit/Derivative Portfolio Manager will work closely with teams across Investment Management, Barings, Enterprise Risk, Corporate Finance, and Strategic Distribution.
The Team:
The Quantitative Portfolio Management (QPM) team has primary focus in asset-liability management (ALM), product pricing, and the formulation and execution of quantitative strategies that enhance policyholder surplus and mitigate unwanted risks in the portfolio. The team oversees all derivative-related aspects of MassMutual's portfolio management process, managing exposure to interest-rates, foreign exchange rates, Credit spreads, volatility, and equity. A small and highly collaborative team, QPM works with other groups across Investment Management to manage MassMutual's product portfolios and the approximately $250 billion General Investment Account (GIA). In addition, this high-profile group works with our other internal stakeholders including product, actuarial, treasury, accounting, risk, compliance, and external partners, including our primary asset management subsidiary Barings and the major Wall Street derivative broker/dealer counterparties.
The Impact:
The Quantitative Credit/ Derivative Portfolio Manager will be accountable for the following:
  • Responsible for daily portfolio management activities like execution of new hedges, roll of existing ones, and trade input as well as review of current risk, recent activity, attribution, profit and loss, and modeling of credit exposure in different portfolios
  • Identify market opportunities, analyze alternative hedging strategies, propose and implement frameworks for relative value positioning, and suggest transactions, to increase hedge effectiveness for portfolio management
  • Lead bespoke simulation, back-testing and/or other research projects
  • Collaborate with colleagues in other areas of MassMutual as needed - enterprise risk, corporate actuarial, finance and accounting, etc.

The Minimum Qualifications:
  • 7+ years of derivative market experience in at least one of the following: listed and OTC equity options, TRS, futures/forwards, CDX, interest rate swaps/swaptions, and cross- currency swaps
  • 7+ years of market expertise in fixed income portfolio management, with exposure to structured & private credit
  • Bachelors in Math, Financial Engineering, Computer Science or related field

The Ideal Qualifications:
  • 10+ years of derivative market experience
  • Advanced quantitative degree (MFE, PhD)
  • Strong background/understanding of capital markets and financial instruments
  • Strong quantitative expertise: statistics, mathematics, and computer science (python / SQL required)
  • Ability to develop market views in Credit and Fixed-Income
  • Strong understanding of portfolio management and ALM
  • Deep knowledge of derivatives in all dimensions - risk, economics, tax, accounting
  • Strong background/understanding of capital markets and financial instruments
  • Strong understanding of portfolio management and ALM in a life insurance company
  • Strong communication skills and ability to convey technical topics to non-experts

What to Expect as Part of MassMutual and the Team :
  • Regular team meetings
  • Focused one-on-one meetings with your manager
  • Networking opportunities including access to Asian, Hispanic/Latinx, African American, women, LGBTQIA+, veteran and disability-focused Business Resource Groups
  • Access to learning content on Degreed and other informational platforms
  • Your ethics and integrity will be valued by a company with a strong and stable ethical business with industry leading pay and benefits

#LI-FT1
Salary Range:
$144,800-$190,000
At MassMutual, we focus on ensuring fair equitable pay, by providing competitive salaries, along with incentive and bonus opportunities for all employees. Your total compensation package includes either a bonus target or in a sales-focused role a Variable Incentive Compensation component.
Why Join Us.
We've been around since 1851. During our history, we've learned a few things about making sure our customers are our top priority. In order to meet and exceed their expectations, we must have the best people providing the best thinking, products and services. To accomplish this, we celebrate an inclusive, vibrant and diverse culture that encourages growth, openness and opportunities for everyone. A career with MassMutual means you will be part of a strong, stable and ethical business with industry leading pay and benefits. And your voice will always be heard.
We help people secure their future and protect the ones they love. As a company owned by our policyowners, we are defined by mutuality and our vision to put customers first. It's more than our company structure - it's our way of life. We are a company of people protecting people. Our company exists because people are willing to share risk and resources, and rely on each other when it counts. At MassMutual, we Live Mutual.
MassMutual is an equal employment opportunity employer. We welcome all persons to apply.
If you need an accommodation to complete the application process, please contact us and share the specifics of the assistance you need.
At MassMutual, we focus on ensuring fair, equitable pay by providing competitive salaries, along with incentive and bonus opportunities for all employees. Your total compensation package includes either a bonus target or in a sales-focused role a Variable Incentive Compensation component. For more information about our extensive benefits offerings please check out our Total Rewards at a Glance.

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