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Quantitative Researcher Jobs in Chicago, IL (NOW HIRING)

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 renowned proprietary trading firm which engages in market making and position-taking strategies ...

IMC

Quantitative Researcher - Options

Chicago, IL · On-site

$250K - $300K/yr

IMC Trading is seeking a Senior Quantitative Researcher to join the options quant team. You will join the team as a senior member with the expectation of leading projects and mentoring juniors.

IMC

Quantitative Researcher - Options

Chicago, IL

IMC Trading is seeking a Senior Quantitative Researcher to join the options quant team. You will join the team as a senior member with the expectation of leading projects and mentoring juniors.

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 ...

Point72

Cubist Quantitative Researcher

Chicago, IL · On-site

ROLE Entry-Level Quantitative Researchers are responsible for conducting rigorous quantitative research with a focus on predictive models. You will be trained in all aspects of systematic trading ...

Old Mission

Quantitative Researcher (ETFs)

Chicago, IL · On-site

$170K - $300K/yr

This Quantitative Researcher will be working directly with our international and domestic ETF/Equities trading group to review and develop pricing models, analyze and evaluate trades, and participate ...

Akuna Capital

Quantitative Researcher

Chicago, IL

$145K/yr

What you'll do as a Quantitative Researcher at Akuna: Akuna's Trading and Research teams are seeking Quant Researchers to join a multidisciplinary group of mathematicians, statisticians ...

Akuna Capital

Quantitative Researcher

Chicago, IL · On-site

$145K/yr

What you'll do as a Quantitative Researcher at Akuna: Akuna's Trading and Research teams are seeking Quant Researchers to join a multidisciplinary group of mathematicians, statisticians ...

Old Mission

Quantitative Researcher (ETFs)

Chicago, IL · On-site

$170K - $300K/yr

This Quantitative Researcher will be working directly with our international and domestic ETF/Equities trading group to review and develop pricing models, analyze and evaluate trades, and participate ...

Optiver

Quantitative Researcher - SVT

Chicago, IL · On-site

What you'll do As a Quantitative Researcher on our Systematic Volatility Trading team, your key responsibilities include: * Develop and refine alpha-driven strategies for fully automated options ...

DRW

Quantitative Researcher

Chicago, IL · On-site

$250K - $300K/yr

As a Quantitative Researcher , you will develop mathematical models using advanced statistical learning methods to build automated trading strategies across multiple asset classes. Our research team ...

IMC

Quantitative Researcher - Futures

Chicago, IL · On-site

$250K - $300K/yr

IMC is looking for experienced quantitative researchers to develop systematic futures trading strategies. Candidates will join a well-resourced effort combining IMC's extensive options trading ...

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All JobsQuantitative Researcher JobsQuantitative Researcher Jobs in Chicago, IL

Quantitative Researcher information

See Chicago, IL salary details

$54.1K

$122.8K

$202.4K

How much do quantitative researcher jobs pay per year?

As of Aug 27, 2026, the average yearly pay for quantitative researcher in Chicago, IL is $122,758.00, according to ZipRecruiter salary data. Most workers in this role earn between $80,900.00 and $157,100.00 per year, depending on experience, location, and employer.

What is a quantitative researcher?

A quantitative researcher analyzes business data for an organization. Their job is to examine this data to develop improved business models and aid in financial decision-making. Typical job duties involve using market research and data collection to study trends or problems. They also compile their results into reports for upper management. A career as a quantitative researcher requires a degree in economics, mathematics, statistics, or a related field. Additional qualifications include communication skills, business experience, and knowledge of relevant statistical tools and computer software.

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

To thrive as a Quantitative Researcher, you need strong mathematical, statistical, and programming skills, often supported by an advanced degree in a quantitative field such as mathematics, statistics, physics, or computer science. Proficiency with technical tools like Python, R, MATLAB, SQL, and experience with data analysis platforms and machine learning libraries is typically required. Critical thinking, problem-solving, and effective communication are essential soft skills for translating complex data into actionable insights and collaborating with interdisciplinary teams. These competencies are crucial for developing robust models, extracting valuable patterns from large datasets, and driving data-informed decision-making.

What are some common challenges quantitative researchers face when working with large datasets, and how are they typically addressed?

Quantitative Researchers often encounter challenges such as data quality issues, computational limitations, and ensuring the reproducibility of their analyses when working with large datasets. To address these, they rely on efficient data cleaning techniques, leverage high-performance computing resources, and use version control tools for code and data. Collaborating closely with data engineers and software developers is also common to streamline data pipelines and optimize analytical workflows.

Do I need a PhD to be a quantitative researcher?

A PhD is often preferred for quantitative researcher roles, especially in finance or academia, as it demonstrates advanced analytical and statistical skills. However, some positions may accept candidates with a master's degree or equivalent experience in mathematics, statistics, or related fields, along with strong programming skills in tools like Python or R.
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Infographic showing various Quantitative Researcher job openings in Chicago, IL as of August 2026, with employment types broken down into 78% Full Time, 19% Part Time, 2% Contract, and 1% Nights. Highlights an 72% Physical, 5% Hybrid, and 23% Remote job distribution, with an average salary of $122,758 per year, or $59 per hour.

Quantitative Researcher

Anson McCade

Chicago, IL • On-site

$200K - $400K/yr

Full-time

Re-posted 20 days ago

Job description

£200,000-400,000 GBP
sign-on and end-of-year bonuses
Onsite WORKING
Location: Chicago, Illinois - United States Type: Permanent
Quant Researcher, HFT Equities/Futures - NYC/Chicago
Anson McCade have partnered with a renowned proprietary trading firm which engages in market making and position-taking strategies across liquid Equities, Futures, and Options markets. The firm has a flat, collaborative and open environment, where Quantitative Researchers carry out full-stack research from preprocessing data and feature engineering through to strategy implementation and monitoring in live trading.
They have a mandate to hire Quantitative Researchers in either New York and Chicago, and have particular interest in Quants with experience researching ultra-low latency or co-located strategies through to models with intraday/daily trading horizons.
The Role:
  • Design, engineer and implement research and trading software for electronic trading
  • Cover additional functions such as strategy optimization, post-trade analytics and PnL attribution.
  • Use advanced research techniques to develop trading models.
  • Peer-review the research of other quantitatives at the firm and collaborate with development specialists on the implementation and optimisation of alphas.
Requirements:
  • An advanced degree, such as a Master of Science or PhD from a top university in a STEM field of study.
  • Advanced coding proficiency in Python, in addition to familiarity and willingness to learn C++.
  • Prior experience within Quantitative Research for electronic trading is highly beneficial.

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