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Quantitative Research Associate Jobs in Chicago, IL

ZS

Market Research Associate Consultant

Evanston, IL · On-site

$120K - $137K/yr

Strategy Insights and Planning Associate Consultant ZS's Strategy Insights and Planning teams ... PhD or Masters with bachelor's degree in a field with quantitative coursework such as business ...

Databento

Quantitative Sales Associate

Chicago, IL · Remote

Our team includes alumni of Two Sigma, Citadel Securities, Flow Traders, Tower Research, PDT ... Responsibilities As a Quantitative Sales Associate, you will oversee the full scope of sales at ...

Edgehog Trading

Quantitative Execution Trader

Chicago, IL · On-site

$128 - $173/hr

Collaborate with quant researchers and engineers to develop new models using our proprietary datasets Qualifications and skills: * Previous experience trading (2+ years) with a proven track record of ...

Old Mission

Quantitative FX Trader

Chicago, IL · On-site

$150K - $225K/yr

This Quantitative FX Trader will report directly to a managing partner in Chicago. This trader must ... This trader will be involved in trading and research with a focus on the FX spot market and related ...

Databento

Quantitative Sales Associate

Chicago, IL · On-site

$14.50 - $19.50/hr

Our team includes alumni of Two Sigma, Citadel Securities, Flow Traders, Tower Research, PDT ... Responsibilities As a Quantitative Sales Associate, you will oversee the full scope of sales at ...

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

Quantitative Research Associate information

See Chicago, IL salary details

$31.9K

$93.3K

$150.4K

How much do quantitative research associate jobs pay per year?

As of Sep 5, 2026, the average yearly pay for quantitative research associate in Chicago, IL is $93,310.00, according to ZipRecruiter salary data. Most workers in this role earn between $36,100.00 and $122,600.00 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 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:

What cities near Chicago, IL are hiring for Quantitative Research Associate jobs?

Cities near Chicago, IL with the most Quantitative Research Associate job openings:

Quantitative Research Associate jobs near you
Infographic showing various Quantitative Research Associate job openings in Chicago, IL as of August 2026, with employment types broken down into 1% As Needed, 72% Full Time, 25% Part Time, 1% Temporary, and 1% Contract. Highlights an 95% Physical, 2% Hybrid, and 3% Remote job distribution, with an average salary of $93,310 per year, or $44.9 per hour.

Market Research Associate Consultant

ZS

Evanston, IL • On-site

$120K - $137K/yr

Full-time

Posted 27 days ago

Key responsibilities

  • Assist in structuring and conducting market research and/or desk research to derive insights and contribute to client decision making.

  • Design custom analyses using tools like Excel, Access, Confirmit and ZS's proprietary software.

  • Synthesize and communicate results to clients and ZS teams through oral and written presentations.

Job description

ZS is a place where passion changes lives. As a management consulting and technology firm focused on improving life and how we live it, we transform ideas into impact by bringing together data, science, technology and human ingenuity to deliver better outcomes for all. Here you'll work side-by-side with a powerful collective of thinkers and experts shaping life-changing solutions for patients, caregivers and consumers, worldwide. ZSers drive impact by bringing a client-first mentality to each and every engagement. We partner collaboratively with our clients to develop custom solutions and technology products that create value and deliver company results across critical areas of their business. Bring your curiosity for learning, bold ideas, courage and passion to drive life-changing impact to ZS.
Strategy Insights and Planning Associate Consultant
ZS's Strategy Insights and Planning teams partner with clients to design and deliver solutions to help them tackle a broad range of business challenges. Our teams work on multiple projects simultaneously, leveraging advanced data analytics and problem-solving techniques. Our recommendations and solutions are based on rigorous research and analysis underpinned by deep expertise and thought leadership.
What You'll Do:
  • Leverage problem solving skills and frameworks to develop solutions to our clients business problems.
  • Assist in structuring and conducting market research and/or desk research to derive insights and contribute to client decision making.
  • Design custom analyses using tools like Excel, Access, Confirmit and ZS's proprietary software.
  • Synthesize and communicate results to clients and ZS teams through oral and written presentations.
  • Develop client relationships and serve as key point of contact on certain aspects of projects.
  • Actively support management of the program plan and conduct regular status updates with the client - risk and issue mitigation. You will also assist in driving the project forward to ensure project goals and deadlines are met.
  • Advance problem-solving skills and improve ZS's capabilities.
  • Mentor and support development of Associates on your projects and teams.

What You'll Bring:
  • PhD or Masters with bachelor's degree in a field with quantitative coursework such as business, economics, marketing, psychology, life sciences and social sciences. In lieu of a PhD, 2-5 years of relevant post-study professional experience will be considered.
  • High motivation, good work ethic, maturity and personal initiative.
  • Strong oral and written communication skills.
  • Empathy, adaptability and high personal impact.
  • Strong attention to detail, with a quality-focused mindset.
  • Self-discipline for planning and organizing tasks.
  • Aptitude for, and enjoyment of, team leadership.
  • Fluency in English.
  • Client-first mentality.
  • Intense work ethic.
  • Collaborative spirit and problem-solving approach.

How you'll grow:
  • Cross-functional skills development & custom learning pathways
  • Milestone training programs aligned to career progression opportunities
  • Internal mobility paths that empower growth via s-curves, individual contribution and role expansions

Perks & Benefits:
At ZS, your growth matters. We offer a comprehensive total rewards package that supports your health and well-being, financial future, time away, and professional development. With robust skills-building programs, multiple career progression paths, internal mobility, and a deeply collaborative culture, you'll have the opportunity to do meaningful work, expand your capabilities, and thrive as part of a global community. For details on total rewards in United States, visit ZS US office locations | Where we work | ZS.
Hybrid working model:
We are committed to giving our employees a flexible and connected way of working. A flexible and connected ZS allows us to combine work from home and on-site presence at clients/ZS offices for the majority of our week. The magic of ZS culture and innovation thrives in both planned and spontaneous face-to-face connections.
Travel:
Travel is a requirement at ZS for client facing ZSers; business needs of your project and client are the priority. While some projects may be local, all client-facing ZSers should be prepared to travel as needed. Travel provides opportunities to strengthen client relationships, gain diverse experiences, and enhance professional growth by working in different environments and cultures.
Considering applying?
At ZS, we honor the visible and invisible elements of our identities, personal experiences, and belief systems-the ones that comprise us as individuals, shape who we are, and make us unique. We believe your personal interests, identities, and desire to learn are integral to your success here. We are committed to building a team that reflects a broad variety of backgrounds, perspectives, and experiences. Learn more about our inclusion and belonging efforts and the networks ZS supports to assist our ZSers in cultivating community spaces and obtaining the resources they need to thrive.
If you're eager to grow, contribute, and bring your unique self to our work, we encourage you to apply.
ZS is an equal opportunity employer and is committed to providing equal employment and advancement opportunities without regard to any class protected by applicable law.
Work Authorization:
This position is not eligible for visa sponsorship. Candidates must have authorization to work in the United States that does not now or in the future require employer sponsorship.
To complete your application:
An on-line application, including a full set of transcripts (official or unofficial), is required to be considered.
NO AGENCY CALLS, PLEASE.
Find Out More At:
www.zs.com
ZS logo

About ZS

Sourced by ZipRecruiter

Industry

Business management consulting

Company size

10,000+ Employees

Headquarters location

Evanston, IL, US

Year founded

1983

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