Quantitative Analyst Jobs in Illinois
Quantitative Analyst jobs in Illinois concentrate heavily in Chicago's financial district and surrounding suburbs, where demand for skilled quants runs deep across proprietary trading firms, asset management companies, and insurance carriers, with openings available from entry-level analyst through senior and principal roles. Chicago-area employers including Citadel, CME Group, and Morningstar are among the most consistent Illinois hirers of quantitative talent, and the broader market extends into Naperville and Evanston. The most in-demand specializations are algorithmic trading strategy, risk modeling, and derivatives pricing. Find a role that fits below and apply directly.
Find Quantitative Analyst JobsOverview
Showing 4 of 7+ Quantitative Analyst jobs
- Analyze portfolio trends, risk concentrations, and emerging risks. Work with large datasets related to leases, loans, collateral values, and customer performance.
- Develop credit, residual value, and/or portfolio risk models and interpret outputs. Lead model documentation, testing, and model governance activities.
- Contribute to a team that reviews and challenges business-leader decisions that influence portfolio composition and risk.
- Design and execute stress testing, scenario analysis, and sensitivity analysis.
- Lead the automation of risk reports and dashboards.
- Mentor and review work performed by Analysts.
- Master’s degree in financial engineering, statistics, mathematics, engineering, econometrics, or a related field. Bachelor’s degree is acceptable with compensatory experience.
- 3–5 years of quantitative, analytics, or risk experience
- Proficiency in Excel and SQL or Python.
- Solid understanding of leasing, asset finance, or secured lending concepts.
- Ability to present complex analyses to non-technical audiences.
- This is a full-time position based on a 40-hour work week (35-hour for Canada) but may vary to meet business needs.
- Digital dexterity and hand/eye coordination in operation of office equipment
- Ability to speak to and hear customers and/or other employees via phone or in person
- Body motor skills sufficient to move from one office location to another
The position is exempt and the salary will be between $110,000 and $135,000 with an opportunity to earn a discretionary annual bonus.
The salary range is determined and based on internal equity, market data/ranges, applicant's skills, prior relevant experience and education.
Additional benefits:
- Medical, Dental, and vision plans
- 401(k) and matching
- Paid Time Off
- Company Paid Life Insurance
- Employee Assistance Program
- Training and Development Opportunities
- Employee Discounts
- Analyze portfolio trends, risk concentrations, and emerging risks. Work with large datasets related to leases, loans, collateral values, and customer performance.
- Develop credit, residual value, and/or portfolio risk models and interpret outputs. Lead model documentation, testing, and model governance activities.
- Contribute to a team that reviews and challenges business-leader decisions that influence portfolio composition and risk.
- Design and execute stress testing, scenario analysis, and sensitivity analysis.
- Lead the automation of risk reports and dashboards.
- Mentor and review work performed by Analysts.
- Master’s degree in financial engineering, statistics, mathematics, engineering, econometrics, or a related field. Bachelor’s degree is acceptable with compensatory experience.
- 3–5 years of quantitative, analytics, or risk experience
- Proficiency in Excel and SQL or Python.
- Solid understanding of leasing, asset finance, or secured lending concepts.
- Ability to present complex analyses to non-technical audiences.
- This is a full-time position based on a 40-hour work week (35-hour for Canada) but may vary to meet business needs.
- Digital dexterity and hand/eye coordination in operation of office equipment
- Ability to speak to and hear customers and/or other employees via phone or in person
- Body motor skills sufficient to move from one office location to another
The position is exempt and the salary will be between $110,000 and $135,000 with an opportunity to earn a discretionary annual bonus.
The salary range is determined and based on internal equity, market data/ranges, applicant's skills, prior relevant experience and education.
Additional benefits:
- Medical, Dental, and vision plans
- 401(k) and matching
- Paid Time Off
- Company Paid Life Insurance
- Employee Assistance Program
- Training and Development Opportunities
- Employee Discounts
See All 7 Quantitative Analyst Jobs in Illinois
Find roles in Illinois that match your experience and apply in just a few clicks.
Find Quantitative Analyst JobsQuantitative Analyst Jobs by City in Illinois
Where Illinois roles are concentrated, by current openings.
Quantitative Analyst Job Market in Illinois
A snapshot from current Illinois openings, updated as new roles post.
Who's Hiring
Top Industries Hiring
- Investment & Asset Management
- News & Publishing
What Illinois Employers Look For
The qualifications that appear most often in quantitative analyst jobs across Illinois.
- Bachelor's or advanced degree in mathematics, statistics, finance, or a related quantitative field
- Proficiency in Python, R, or MATLAB for model development and data analysis
- Experience building and validating statistical or machine learning models in a finance context
- Strong knowledge of derivatives, fixed income, or equity markets relevant to Illinois trading firms
- Familiarity with SQL and large financial datasets for signal research or risk reporting
- Ability to communicate quantitative findings clearly to non-technical stakeholders and risk committees
Quantitative Analyst Jobs in Illinois: Frequently Asked Questions
How do you become a quantitative analyst in Illinois?
Illinois does not require a state-issued license to work as a quantitative analyst, so the path focuses on education and credentials recognized by employers. Most Illinois hiring firms expect at least a bachelor's degree in mathematics, statistics, economics, computer science, or a closely related field, with a master's or PhD strongly preferred for roles at Chicago's major trading firms. Industry certifications such as the CFA or FRM are valued in asset management and risk roles and can accelerate hiring for candidates without an advanced degree.
How much do quantitative analysts make in Illinois?
Quantitative analysts in Illinois earn a median of about $81,180 a year, based on May 2025 Bureau of Labor Statistics wage data, ranging from around $50,240 for the lowest 10% to over $147,230 for the top 10%. Pay rises with experience, specialty, and employer.
Which companies hire quantitative analysts in Illinois?
Employers hiring quantitative analysts in Illinois right now include Octus, Akuna Capital, and Bank of America, based on current listings on Migrate Mate as of August 2026. Chicago's deep concentration of proprietary trading firms, insurance carriers, and asset managers means Illinois consistently produces more quantitative analyst openings than nearly any other U.S. market outside New York.
Which Illinois cities have the most quantitative analyst jobs?
Chicago and Itasca lead Illinois for quantitative analyst openings. Chicago accounts for the large majority of postings, driven by its dense cluster of hedge funds, futures exchanges, and financial technology firms headquartered in and around the Loop, while suburban locations like Naperville and Evanston attract openings tied to insurance companies and university-affiliated research operations.
Are there remote quantitative analyst jobs in Illinois?
Yes, and more than most fields. About 20% of quantitative analyst openings tied to Illinois are remote or hybrid as of August 2026, reflecting how naturally the work translates to a distributed setup. Model development, backtesting, and research tasks are the most remote-compatible parts of the role, while positions requiring real-time trading floor access or close collaboration with risk committees tend to remain on-site.
How can I get hired as a quantitative analyst in Illinois with little or no experience?
The most realistic entry path is an internship or rotational program at one of Chicago's large financial firms, where employers like CME Group and major insurance carriers regularly bring on candidates directly from Illinois universities including the University of Chicago, Northwestern, and the University of Illinois. Adjacent roles such as financial analyst, data analyst, or risk analyst at these firms often serve as a natural bridge into a dedicated quant position. Building a portfolio of original modeling or research projects and earning a CFA or FRM credential meaningfully strengthens a candidate's profile for Illinois employers who review many applications from quantitatively trained graduates.
Where can I find and apply to quantitative analyst jobs in Illinois?
You can find and apply to quantitative analyst jobs in Illinois on Migrate Mate, which lists current openings across the state. Find roles that fit your background and apply directly to each one.
See All 7 Quantitative Analyst Jobs in Illinois
Find roles in Illinois that match your experience and apply in just a few clicks.
Find Quantitative Analyst Jobs