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Quantitative Research Associate Jobs in Chicago, IL

Dime Line Trading

Quantitative Trader

Chicago, IL · On-site

This role focuses on leading quantitative research initiatives, developing predictive models, and directly contributing to trading strategy design and execution. This individual will play a ...

DRW

Quantitative Trader - Futures

Chicago, IL · On-site

$150K - $250K/yr

This individual will operate as an embedded quantitative research and trading lead within an established discretionary and systematic options platform, with a mandate to design, deploy, and scale ...

Prophet

Insights Associate

Chicago, IL

$80K - $95K/yr

Develop end-to-end custom quantitative research including sampling plans and questionnaires * Develop and execute analysis plans in service of project objectives, including statistical methodologies ...

Prophet

Insights Associate

Chicago, IL · On-site

$80K - $95K/yr

Develop end-to-end custom quantitative research including sampling plans and questionnaires * Develop and execute analysis plans in service of project objectives, including statistical methodologies ...

Cornerstone Research

Associate

Chicago, IL

$195K - $245K/yr

Responsibilities Associates at Cornerstone Research Perform advanced economic analysis/modeling for ... experience performing research/teaching in Economics/Finance/Quantitative Analysis. In the ...

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All JobsQuantitative Research Associate JobsQuantitative Research Associate Jobs in Chicago, IL

Quantitative Research Associate information

See Chicago, IL salary details

$32K

$93.4K

$150.5K

How much do quantitative research associate jobs pay per year?

As of May 28, 2026, the average yearly pay for quantitative research associate in Chicago, IL is $93,383.00, according to ZipRecruiter salary data. Most workers in this role earn between $36,100.00 and $122,700.00 per year, depending on experience, location, and employer.

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

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 are Quantitative Research Associates?

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 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.

What are the most commonly searched types of Quantitative Research jobs in Chicago, IL? The most popular types of Quantitative Research jobs in Chicago, IL are:
What are popular job titles related to Quantitative Research Associate jobs in Chicago, IL? For Quantitative Research Associate jobs in Chicago, IL, the most frequently searched job titles are:
What job categories do people searching Quantitative Research Associate jobs in Chicago, IL look for? The top searched job categories for Quantitative Research Associate jobs in Chicago, IL are:
Quantitative Research Associate jobs near you
Infographic showing various Quantitative Research Associate job openings in Chicago, IL as of May 2026, with employment types broken down into 1% As Needed, 94% Full Time, 4% Part Time, and 1% Contract. Highlights an 95% Physical, 1% Hybrid, and 4% Remote job distribution, with an average salary of $93,383 per year, or $44.9 per hour.

Quantitative Trader

Dime Line Trading

Chicago, IL • On-site

Full-time

Posted 20 days ago

Job description

We are seeking a Quantitative Trader to join our Chicago office. This role focuses on leading quantitative research initiatives, developing predictive models, and directly contributing to trading strategy design and execution.
This individual will play a meaningful role in driving trading performance through research, automation, and systematic improvement.
Responsibilities
  • Design, build, and maintain predictive models and trading strategies
  • Conduct independent quantitative research to generate actionable trading insights
  • Develop and enhance automated trading systems
  • Evaluate model performance and drive iterative improvements
  • Collaborate with traders and developers to improve execution quality, automation, and system reliability
  • Take ownership of operational and production workflows supporting live trading
  • Work evenings and weekends during active sports schedules
Required Skills
  • 2–5+ years of experience in quantitative research, trading, or related analytical roles
  • Strong proficiency in R, Python, and/or SQL
  • Solid foundation in regression, statistical modeling, and applied quantitative methods
  • Experience working with large datasets and production systems
  • Ability to independently scope and execute research initiatives
  • Availability to work evenings and weekends aligned with sports schedules
Nice to Have
  • Experience in sports analytics or trading
  • Deep knowledge of major sports and betting markets
  • Experience working with real-time or market data (financial, crypto, or sports)