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Summer Hedge Fund Quant Jobs (NOW HIRING)

Umbrex

Hedge Fund Quant Analyst - Umbrex

Manhattan, NY · On-site

$100 - $125/hr

They are seeking a Hedge Fund Quant Analyst with deep expertise in equity trading, advanced modeling techniques, and programming to help design and implement this system. Responsibilities: * Design ...

Northern Trust

Hedge Fund Risk Manager

Chicago, IL

$80K - $133K/yr

Conduct risk-focused due diligence on hedge fund managers * Evaluate strategy risk, leverage ... Strong analytical and quantitative skills * Ability to interpret limited transparency data

Northern Trust

Hedge Fund Risk Manager

Chicago, IL · On-site

$80K - $133K/yr

Conduct risk-focused due diligence on hedge fund managers * Evaluate strategy risk, leverage ... Strong analytical and quantitative skills * Ability to interpret limited transparency data

Northern Trust

Hedge Fund Risk Manager

Chicago, IL · On-site

$80K - $133K/yr

Conduct risk-focused due diligence on hedge fund managers * Evaluate strategy risk, leverage ... Strong analytical and quantitative skills * Ability to interpret limited transparency data

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Summer Hedge Fund Quant information

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$98K

$169.7K

$259.5K

How much do summer hedge fund quant jobs pay per year?

As of Aug 4, 2026, the average yearly pay for summer hedge fund quant in the United States is $169,729.00, according to ZipRecruiter salary data. Most workers in this role earn between $134,500.00 and $199,000.00 per year, depending on experience, location, and employer.

What is the difference between Summer Hedge Fund Quant vs Summer Quantitative Analyst?

AspectSummer Hedge Fund QuantSummer Quantitative Analyst
CredentialsTypically requires a strong background in mathematics, finance, or computer science; often pursuing or holding a relevant degreeSimilar credentials; often students or recent graduates in quantitative fields
Work EnvironmentFast-paced hedge fund setting focused on trading strategies and risk managementFinancial institutions or asset management firms with a focus on data analysis and model development
Industry UsageCommonly used in hedge funds, proprietary trading firmsUsed across asset management, investment banks, and hedge funds

The Summer Hedge Fund Quant and Summer Quantitative Analyst roles share similar educational backgrounds and work environments, focusing on quantitative analysis and financial modeling. The main difference lies in the specific industry context, with hedge fund quants often more involved in trading strategies, while quantitative analysts may work across various financial sectors.

More about Summer Hedge Fund Quant jobs
What cities are hiring for Summer Hedge Fund Quant jobs? Cities with the most Summer Hedge Fund Quant job openings:
What are the most commonly searched types of Hedge Fund Quant jobs? The most popular types of Hedge Fund Quant jobs are:
What states have the most Summer Hedge Fund Quant jobs? States with the most job openings for Summer Hedge Fund Quant jobs include:
What job categories do people searching Summer Hedge Fund Quant jobs look for? The top searched job categories for Summer Hedge Fund Quant jobs are:
Summer Hedge Fund Quant jobs near you
Infographic showing various Summer Hedge Fund Quant job openings in the United States as of July 2026, with employment types broken down into 1% As Needed, 72% Full Time, 25% Part Time, and 2% Contract. Highlights an 93% Physical, 3% Hybrid, and 4% Remote job distribution, with an average salary of $169,729 per year, or $81.6 per hour.

Hedge Fund Quant Analyst - Umbrex

Umbrex

Manhattan, NY • On-site

$100 - $125/hr

Full-time

Posted 6 days ago

Job description

Our client is building an equity trading engine powered by machine learning. They are seeking a Hedge Fund Quant Analyst with deep expertise in equity trading, advanced modeling techniques, and programming to help design and implement this system.

Responsibilities:

  1. Design, test, and optimize machine-learning-driven trading models.
  2. Apply advanced techniques such as non-linear models, deep neural networks, and tree-based models to equity markets.
  3. Conduct risk analysis and evaluate market risk factors to strengthen portfolio resilience.
  4. Develop and refine alpha capture algorithms to generate sustainable returns.
  5. Collaborate on the architecture and scaling of the trading engine.
  6. Leverage Python programming skills, including experience with LLM-assisted coding, to build and maintain efficient, production-ready code.
  7. Monitor performance, troubleshoot issues, and continuously improve strategies.

Qualifications:

  1. 5-7 years of experience as a hedge fund quant analyst or in a similar trading/quant role (other relevant backgrounds may also be considered).
  2. Strong knowledge of equity trading strategies and financial markets.
  3. Hands-on experience with non-linear models, neural networks, and ensemble/tree-based methods.
  4. Proven expertise in risk analysis and market risk factor modeling.
  5. Deep understanding of alpha capture and algorithmic trading strategies.
  6. Proficiency in Python, with exposure to modern coding tools and frameworks (experience with LLM-assisted coding is a plus).
  7. Independent, results-driven professional able to thrive in a startup-like environment.

Start: Immediately

Duration: 6 month with likely extension, then possibility of joining a fund

Time commitment: 5 days per week

Location: 3-4 days per week in-person in Greater NYC

Rate: $100-$125 per hour

Project ID#: 7963

*This is a 1099 contract role that does not offer health benefits

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About Umbrex

Sourced by ZipRecruiter

Industry

Business management consulting

Company size

11 - 50 Employees

Headquarters location

New York, NY, US

Year founded

2013

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