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Quantitative Research Associate Jobs in Illinois

Research Associate

Chicago, IL · On-site

$100K - $110K/yr

The Research Associate will work, in partnership with Co-Director Suskind and Senior Research ... Core responsibilities include conducting rigorous quantitative analyses, writing and publishing ...

Research Associate

Chicago, IL · On-site

$100K - $110K/yr

The Research Associate will work, in partnership with Co-Director Suskind and Senior Research ... Core responsibilities include conducting rigorous quantitative analyses, writing and publishing ...

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Quantitative Research Associate information

See Illinois salary details

$30K

$87.8K

$141.5K

How much do quantitative research associate jobs pay per year?

As of Sep 3, 2026, the average yearly pay for quantitative research associate in Illinois is $87,774.00, according to ZipRecruiter salary data. Most workers in this role earn between $33,900.00 and $115,300.00 per year, depending on experience, location, and employer.

What is a quantitative research associate?

Quantitative Research Associates are professionals who use advanced mathematical, statistical, and computational techniques to analyze data and solve complex problems, often in finance, economics, or scientific research. They typically work with large datasets to develop models, identify trends, and inform decision-making processes. Their work is crucial in areas such as investment banking, asset management, and risk analysis, where data-driven insights can lead to better strategies and outcomes.

What are the key skills and qualifications needed to thrive as a quantitative research associate?

To excel as a Quantitative Research Associate, you need strong quantitative analysis skills, experience with statistical modeling, and a relevant degree in mathematics, statistics, economics, or a related field. Proficiency in programming languages such as Python, R, or MATLAB, and familiarity with data analysis tools and financial databases are typically required. Exceptional problem-solving, attention to detail, and the ability to communicate complex findings clearly make candidates stand out. These skills are crucial for producing accurate research insights that drive effective decision-making and strategic planning.

What are the typical collaboration opportunities for a quantitative research associate within a financial institution?

Quantitative Research Associates frequently collaborate with portfolio managers, data scientists, and software engineers to develop and refine financial models and trading strategies. This cross-functional teamwork is essential for integrating new research insights into existing investment processes and ensuring that models are robust and actionable. Associates often participate in regular meetings to discuss research findings, share market insights, and troubleshoot model performance, fostering a dynamic and intellectually stimulating work environment. This collaborative structure also offers valuable exposure to different facets of the business, which can accelerate professional growth.

What is the difference between Quantitative Research Associate vs Quantitative Analyst?

AspectQuantitative Research AssociateQuantitative Analyst
Required CredentialsBachelor's degree in finance, economics, or related field; often pursuing or holding a master'sBachelor's or master's degree in finance, mathematics, or related field; certifications like CFA are common
Work EnvironmentResearch-focused, often in finance or investment firms, supporting trading or investment strategiesData analysis and modeling in finance, risk management, or trading departments
Employer & Industry UsageUsed in asset management, hedge funds, and investment banksCommon in hedge funds, investment banks, and financial institutions

While both roles involve quantitative analysis, a Quantitative Research Associate primarily focuses on developing and testing investment strategies through research, whereas a Quantitative Analyst emphasizes building models and analyzing data to inform trading and risk decisions. The roles often overlap but differ in their core focus and daily tasks.

Is quantitative research a good career?

Quantitative research is a valuable career for those interested in data analysis, statistical modeling, and financial or market research. It often requires strong skills in mathematics, programming, and statistical software, and can offer opportunities in finance, consulting, and technology sectors with competitive salaries and growth potential.

What are the most commonly searched types of Quantitative Research jobs in Illinois?

The most popular types of Quantitative Research jobs in Illinois are:

What are popular job titles related to Quantitative Research Associate jobs in Illinois?

For Quantitative Research Associate jobs in Illinois, the most frequently searched job titles are:

What job categories do people searching Quantitative Research Associate jobs in Illinois look for?

The top searched job categories for Quantitative Research Associate jobs in Illinois are:

What cities in Illinois are hiring for Quantitative Research Associate jobs?

Cities in Illinois with the most Quantitative Research Associate job openings:

Infographic showing various Quantitative Research Associate job openings in Illinois as of August 2026, with employment types broken down into 1% As Needed, 74% Full Time, 23% Part Time, 1% Temporary, and 1% Contract. Highlights an 96% Physical, 1% Hybrid, and 3% Remote job distribution, with an average salary of $87,774 per year, or $42.2 per hour.

$100K - $110K/yr

Other

Medical, Retirement, PTO

Posted 4 days ago


Job description

Description

The Kenneth C. Griffin Department of Economics at the University of Chicago invites applications for a full-time Research Associate for a three-year term starting in the 2026-2027 academic year. 

Salary Range

$100,000-$110,000

About the TMW Center

Co-directed by Dana Suskind (Biological Sciences Division), and John List (Economics), the TMW Center for Early Learning + Public Health aspires to create a population-level shift in the knowledge and behavior of parents and caregivers to optimize the foundational brain development in children, birth to five years of age, particularly those born into poverty. The TMW Center has conducted 12 randomized control, quasi-experimental and implementation trials to date and plans to continue its active randomized control and implementation trials, including ongoing data collection and analysis in the coming years.  As part of these research projects, the Center is continuing to adapt and validate two state-of-the-art tools: (1) the SPEAK - a computer-adaptive tool designed to assess caretaker expectations and knowledge of early childhood cognitive and language development, and (2) the Luet ? a wearable device paired with an app that uses machine learning to measure early child development through language and physical movement.

Job Summary:

The Research Associate will work, in partnership with Co-Director Suskind and Senior Research Associate Pernaudet, to design and execute TMW Center research projects. Core responsibilities include conducting rigorous quantitative analyses, writing and publishing findings, presenting research, and leading grant applications in collaboration with Professors List and Suskind. The position entails collaboration on new and ongoing research projects, with a highly interdisciplinary team of economists, psychologists, engineers, app developers, and more. A primary focus of the work is applying economic models and machine learning techniques to empirical analysis of data generated from TMW Center?s research projects, including via Luet and the SPEAK.

The position will also allow the Research Associate to be part of the vibrant research environment of the TMW Center for Early Learning + Public Health and the Kenneth C. Griffin Department of Economics at The University of Chicago.  This position will report to the TMW Center Co-Directors, Dana Suskind and John List with additional reporting to the Center COO for matters outside of research. This position will require a commitment of at least 3 years.

This position is benefits-eligible. The University of Chicago offers a wide range of benefits programs and resources for eligible employees, including health, retirement, and paid time off. Information about the benefit offerings can be found in the Benefits Guidebook.

Responsibilities will include, but are not limited to:

  • In collaboration with Co-Director, develop research designs for TMW Center projects, including formulating testable research questions, selecting appropriate measurements, and ensuring clean identification of outcomes.
  • At the direction of the Co-Director, write, submit, and publish findings in peer-reviewed journals.  Annual goal is, on average, to have at least four papers in progress and at least two submitted for publication.
  • Disseminate TMW research findings to broader audiences by presenting in select conferences and meetings of early childhood researchers, psychologists, and economists.
  • Maintain existing TMW Center research collaborations with faculty at the University of Chicago, as well as other national and international faculty with whom the Center is partnering on projects.
  • Participate in and contribute to grant preparation process in a timely manner in close collaboration with the Co-Directors, potential Co-PIs, collaborators and consultants and the Grants and Contracts office.
  • Participate in regularly scheduled TMW Center team meetings, lab meetings, and ?papers? meeting with Co-Director Suskind and weekly Econ meeting with Co-Director List. 

 Competencies:

  • Excellent organizational, quantitative, and analytical skills with high-level of accuracy and sharp attention to detail required.
  • Superior interpersonal skills and the ability to work effectively with a wide range of individuals and constituencies in a diverse professional environment required.
  • Ability to effectively manage a heavy workload, competing priorities, and tight deadlines required.
  • A quick, self-learner with ability to initiate, organize, prioritize and complete multiple, high-level projects; meet tight deadlines; and work effectively with minimal supervision in a fast-paced environment required.
  • Strong computer skills including programming, ability to work with data sets and data visualization ability required.
  • Strong written and verbal communication skills required.
  • Ability to work both independently and as a team member required.

Qualifications

Prior to the start of employment, qualified applicants must have:

  • Applicants must have a Ph.D. in Economics.
  • Two years postdoctoral experience and research within field of economics.
  • A microeconomist with experience in the experimental and behavioral economics is preferred
  • Strong expertise in education and health policy.
  • Demonstrated ability to communicate research findings clearly to multiple audiences through oral presentations and written work.
  • Experience in writing grant proposals, and a strong commitment to research preferred.

We especially welcome applicants with technical knowledge or skills in:

  • Knowledge of Stata, Python, Matlab, and/or R preferred.
  • Knowledge of LaTeX required.

Application Instructions

Applicants must apply online through the University of Chicago Acdemic Recruitment job board at https://apply.interfolio.com/190379.

Applicants are required to submit:

  • Resume/CV
  • Cover Letter (include earliest available start date)
  • Research statement
  • Additionally, applicants are strongly encouraged to submit, as optional, up to three published or unpublished research papers.

Screening of applications will continue until the position is filled or the search is closed.

EEO Statement

The University of Chicago is an equal opportunity employer and does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender, gender identity or expression, national or ethnic origin, shared ancestry, age, status as an individual with a disability, military or veteran status, genetic information, or other protected classes under the law. For additional information please see the University's Notice of Nondiscrimination.

Job seekers in need of a reasonable accommodation to complete the application process should call 773-834-3988 or email equalopportunity@uchicago.edu with their request.