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Quantitative Trading information

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$106.9K

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How much do quantitative trading jobs pay per year?

As of Aug 21, 2026, the average yearly pay for quantitative trading in Hackensack, NJ is $185,114.00, according to ZipRecruiter salary data. Most workers in this role earn between $146,700.00 and $217,000.00 per year, depending on experience, location, and employer.

What is quantitative trading?

Quantitative trading refers to the use of mathematical models, algorithms, and statistical techniques to identify and execute trading opportunities in financial markets. Quantitative traders, often called 'quants,' analyze large datasets to develop strategies that can be automated for buying and selling securities. This approach relies heavily on computer programming, data analysis, and financial theory to make systematic, data-driven trading decisions. Quantitative trading is commonly used by hedge funds, investment banks, and proprietary trading firms to gain an edge in the markets.

How does a quantitative trader typically collaborate with software engineers and data scientists within a trading firm?

Quantitative traders work closely with software engineers and data scientists to develop, test, and optimize trading algorithms. Traders often define the strategy and specify the data requirements, while engineers build and maintain the trading infrastructure, and data scientists assist with advanced statistical analysis and machine learning models. Effective communication and a collaborative approach are crucial, as these teams must integrate their expertise to ensure strategies are both profitable and technically robust. Regular meetings, code reviews, and joint problem-solving sessions are common practices in this collaborative environment.

What are the key skills and qualifications needed to thrive as a quantitative trader, and why are they important?

To thrive as a Quantitative Trader, you need a strong background in mathematics, statistics, and financial theory, typically supported by a degree in a quantitative field such as mathematics, physics, computer science, or engineering. Expertise in programming languages like Python, C++, and R, as well as familiarity with trading platforms and statistical analysis tools, is essential. Critical thinking, attention to detail, and the ability to work under pressure are standout soft skills in this role. These skills are crucial for developing, testing, and executing profitable trading strategies in fast-moving financial markets.

What is the difference between Quantitative Trading vs Quantitative Research?

AspectQuantitative TradingQuantitative Research
Primary FocusDeveloping and executing trading strategies to generate profitsCreating models and theories to understand markets and inform trading
Work EnvironmentFast-paced, real-time decision making in trading firms or hedge fundsResearch-oriented, often academic or laboratory setting
Required CredentialsStrong quantitative skills, programming, finance knowledge; often degrees in math, finance, or engineeringAdvanced degrees (Masters/PhD) in math, physics, or related fields; research experience

Quantitative Trading focuses on applying quantitative models to make trading decisions and generate profits in real-time markets. Quantitative Research emphasizes developing and testing models to understand market behavior, often serving as a foundation for trading strategies. While both roles require strong quantitative skills and programming, trading roles are more execution-focused, whereas research roles are more theoretical and exploratory.

How much do quantitative traders make?

Quantitative traders typically earn a base salary ranging from $100,000 to $200,000 annually, with total compensation often exceeding $300,000 when including bonuses and profit sharing. Compensation varies based on experience, firm size, and performance, with successful traders earning significantly more through performance-based incentives.

What do you do as a quantitative trader?

A quantitative trader develops and implements trading strategies using mathematical models, statistical analysis, and programming skills. They analyze large data sets to identify trading opportunities, often using tools like Python, R, or MATLAB, and work in fast-paced financial environments to execute trades based on algorithmic signals.

What job categories do people searching Quantitative Trading jobs in Hackensack, NJ look for?

The top searched job categories for Quantitative Trading jobs in Hackensack, NJ are:

What cities near Hackensack, NJ are hiring for Quantitative Trading jobs?

Cities near Hackensack, NJ with the most Quantitative Trading job openings:

Quantitative Trading jobs near you
Infographic showing various Quantitative Trading job openings in Hackensack, NJ as of August 2026, with employment types broken down into 76% Full Time, 21% Part Time, 1% Temporary, and 2% Contract. Highlights an 71% Physical, 6% Hybrid, and 23% Remote job distribution, with an average salary of $185,114 per year, or $89 per hour.

Quantitative Trading & Research - FX Quantitative Trading - Associate

JPMorgan Chase & Co.

Manhattan, NY • On-site

$150K - $200K/yr

Full-time

Medical, Retirement

Re-posted yesterday

JPMorgan Chase & Co. rating

8.0

Company rating: 8.0 out of 10

Based on 495 frontline employees who took The Breakroom Quiz

71st of 171 rated banks

Job description


The FX Quantitative Trading team in New York is a dynamic team who are responsible for the coordination with the larger team to determine the desk's profitability. This team covers a wide range of responsibilities, including designing, trading and execution strategies.
Job summary:
As a Analyst or Associate within Quantitative Trading & Research (QTR) FX Quantitative Trading team, you will work as part of the QTR front-office team on the trading floor in New York. Given the dynamic nature of the environment, this role is tailored for an individual who is responsible, independent and able to work in smooth coordination with the larger team to determine the desk's profitability. You will get a chance to cover a wide range of responsibilities, these include designing trading and execution strategies; researching micro-patterns and trends; building, maintaining and upgrading applications & tools; supporting day-to-day operation.
Job responsibilities:
  • Create/modify/implement algorithmic orders to execute on behalf of clients as well as internal manual traders
  • Work closely with technology to develop cutting edge low latency infrastructure that meets business needs in a scalable manner
  • Intelligently utilize internal and non-public sources of liquidity to minimize the impact of algorithmic order execution
  • Create generic and bespoke post-trade transaction cost analysis models and reports for evaluation algorithmic order executions
  • Create pre-trade transaction cost analysis to help clients choose algorithmic orders for appropriate execution
  • Perform statistical analysis of algorithmic order execution for internal use and to drive iterative improvements
  • Understands firm's approach and policies for managing risks in relevant business and applicable legal and regulatory rules, and follows policies

Required qualifications, capabilities, and skills:
  • Demonstrate an interest in market microstructures and quantitative trading.
  • Demonstrate design and programming skills, with a primary focus on object-oriented programming languages (C++, Java, C#, etc.) and Python.
  • Show an interest in applying agile development practices in a front-office trading environment.
  • Exhibit excellent verbal and written communication skills, as this position involves frequent interaction with different teams in the firm and many non-technical users.
  • Think strategically and creatively when faced with problems and opportunities. Eagerly look for new ways of doing things and understand the benefits of leveraging the firm's scale.
  • Demonstrate understanding in different types of risk and discuss in detail ways of managing these risks.
  • Communicate concepts and ideas, both verbally and via documentation, and defend their validity while targeting messages to different audiences.

Preferred qualifications, capabilities, and skills:
  • Degree in Engineering, Mathematics, Physics, Computer Science (or equivalent)
  • Direct experience of agile software methodologies.
  • Demonstrate macro markets experience and general trading concepts and terminology
  • Demonstrate experience of working with electronic venues

About Us
JPMorganChase, one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.
We offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.
We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.
JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans
About the Team
J.P. Morgan's Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.

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