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Research Engineer Jobs in Chicago, IL (NOW HIRING)

DRW

Research Engineer (FICCO)

Chicago, IL · On-site

As a Research Engineer, you will work closely with a systematic trading team to implement research studies, develop algorithms, and design software for trading strategy simulations. Responsibilities ...

DRW

Research Engineer (FICCO)

Chicago, IL · On-site

$175K - $225K/yr

As a Research Engineer , you will be an integral member of a systematic trading team comprised of experienced technologists, quantitative researchers, and traders. Your team will work closely to ...

G&W Electric

Sr Research Engineer

Bolingbrook, IL · On-site

$96K - $128K/yr

Sr Research Engineer A senior-level role that leads strategic, multidisciplinary projects, serves as a thought leader, and builds the company's innovation network. As an Sr Research Engineer you will:

G&W Electric Co

Sr Research Engineer

Bolingbrook, IL

$96K - $128K/yr

Sr Research Engineer A senior-level role that leads strategic, multidisciplinary projects, serves as a thought leader, and builds the company's innovation network. As an Sr Research Engineer you will:

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Research Engineer information

See Chicago, IL salary details

$38.1K

$109.2K

$146.8K

How much do research engineer jobs pay per year?

As of Aug 6, 2026, the average yearly pay for research engineer in Chicago, IL is $109,208.00, according to ZipRecruiter salary data. Most workers in this role earn between $107,100.00 and $107,100.00 per year, depending on experience, location, and employer.

What is a research engineer?

Research engineers are professionals who apply scientific and engineering principles to conduct research, develop new products, and improve existing technologies. They typically work in laboratories, research and development departments, or academic settings, collaborating with scientists and other engineers. Their work often involves designing experiments, analyzing data, and creating prototypes to solve technical problems or advance knowledge in their field.

Do I need a PhD to be a research engineer?

A PhD is not always required to become a research engineer, but it can be beneficial for roles involving advanced research, complex problem-solving, or specialized fields. Many research engineers hold a bachelor's or master's degree, along with relevant skills in programming, data analysis, and engineering tools. Industry experience and technical expertise are often equally important as formal education levels.

What is the difference between Research Engineer vs Data Scientist?

AspectResearch EngineerData Scientist
Required CredentialsTypically requires a master's or Ph.D. in engineering, computer science, or related fieldsUsually holds a master's or Ph.D. in statistics, computer science, or related areas
Work EnvironmentResearch labs, R&D departments, technology companiesData analysis teams, analytics departments, tech firms
Employer & Industry UsageUsed in engineering, manufacturing, aerospace, and tech industriesCommon in finance, healthcare, marketing, and tech sectors

Research Engineers focus on developing new technologies, prototypes, and engineering solutions, often working on hardware or system design. Data Scientists analyze large datasets to extract insights, build predictive models, and support decision-making. While both roles require strong technical skills and advanced degrees, their core functions and industry applications differ significantly.

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

To thrive as a Research Engineer, a strong background in engineering principles, advanced mathematics, and scientific research—often supported by a relevant degree or postgraduate study—is essential. Familiarity with data analysis tools like MATLAB or Python, CAD software, and laboratory instrumentation is typically required, along with experience in technical report writing. Strong analytical thinking, creativity, and effective collaboration skills help Research Engineers excel in multidisciplinary teams. These competencies are vital for developing innovative solutions, advancing technology, and ensuring rigorous, impactful research outcomes.

How do research engineers typically collaborate with cross-functional teams during a project?

Research Engineers often work closely with scientists, data analysts, product managers, and software engineers to develop and implement innovative solutions. Collaboration usually involves regular meetings to align on project goals, sharing technical findings, and integrating research outcomes into product development. Effective communication and the ability to translate complex research concepts into actionable insights are key to ensuring the project progresses smoothly and meets its objectives.
More about Research Engineer jobs
What are the most commonly searched types of Research Engineer jobs in Chicago, IL? The most popular types of Research Engineer jobs in Chicago, IL are:
What are popular job titles related to Research Engineer jobs in Chicago, IL? For Research Engineer jobs in Chicago, IL, the most frequently searched job titles are:
What job categories do people searching Research Engineer jobs in Chicago, IL look for? The top searched job categories for Research Engineer jobs in Chicago, IL are:
What cities near Chicago, IL are hiring for Research Engineer jobs? Cities near Chicago, IL with the most Research Engineer job openings:
Research Engineer jobs near you
Infographic showing various Research Engineer job openings in Chicago, IL as of August 2026, with employment types broken down into 4% Internship, 79% Full Time, 8% Part Time, and 9% Contract. Highlights an 88% In-person, 4% Hybrid, and 8% Remote job distribution, with an average salary of $109,208 per year, or $52.5 per hour.

Research Engineer (FICCO)

DRW

Chicago, IL • On-site

Full-time

Re-posted 3 days ago

Job description

Job Summary:
DRW is a diversified trading firm with over 3 decades of experience bringing sophisticated technology and exceptional people together to operate in markets around the world. As a Research Engineer, you will work closely with a systematic trading team to implement research studies, develop algorithms, and design software for trading strategy simulations.
Responsibilities:
• Work with researchers to implement research studies, simulate trading strategies, and develop algorithms to compete in financial markets.
• Design trading strategy simulation software optimized for distributed computation
• Develop software for large scale data acquisition, storage, accessibility, and visualization
• Create user interfaces for data exploration and post trade analysis
• Accelerate the research lifecycle from strategy prototype to production deployment
• Evaluate new technology and improve our technology stack
Qualifications:
Required:
• Bachelor’s degree in Computer Science, Computer Engineering, or related field
• Excellent software development skills in modern C++ and Python
• A strong understanding of object oriented design, data structures and algorithms
• A strong understanding of quantitative finance mathematics
• A solid foundation in programming with the ability to think, communicate, and code clearly
• A solid understanding of computer systems at every level of abstraction (hardware, OS, memory, network)
• Skills in multi‐threaded applications
• An understanding of how to build software for long term use and broad adoption
• Demonstrated ability to produce algorithmic code in a fast-paced environment
Company:
DRW is a diversified trading firm that combines technology, research, and risk management to capture trading and investment opportunities. Founded in 1992, the company is headquartered in Chicago, USA, with a team of 1001-5000 employees. The company is currently Late Stage.

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