Quantitative Jobs in Illinois
Quantitative jobs in Illinois are concentrated in financial services, proprietary trading, asset management, and insurance analytics, with Chicago standing as one of the most active markets in the country for this discipline at every level from junior analyst to portfolio-level researcher. Most hiring is in Chicago, Evanston, and Naperville, where firms like Citadel, CME Group, and Allstate maintain deep quantitative teams. The most in-demand specialties are algorithmic trading, risk modeling, and machine learning-driven investment research. Scan the live roles below and apply to whichever ones fit.
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Showing 5 of 49+ Quantitative jobs
INTRODUCTION
Love sports? Love data? We're looking for a Junior Quantitative Trader to help build the models and strategies that drive trading performance. This isn't a role where you'll spend months researching in isolation. You'll be identifying edges, helping to build predictive models, automating processes, and seeing your work impact live markets in real time. You'll work with large datasets, help develop trading strategies, and collaborate with traders and developers to continuously improve performance. Python, R, and SQL will be your tools. Statistics, curiosity, and problem-solving will be your edge.
ROLE AND RESPONSIBILITIES
They are looking for a junior person between 1 and 4 years of experience, but you will need to have worked in quantitative research, trading, data science, or another highly analytical environment. Experience in sports, betting, prediction markets, trading, or market data is a plus, but not essential. The team is ambitious, collaborative, and obsessed with getting better every day. If you enjoy competition, ownership, and turning data into profit, you'll fit right in.
COMPENSATION
- Base salary up to $150k + bonus
LOCATION
This role will be based in Chicago.
Interested? Let's talk. No polished CV required.
INTRODUCTION
Love sports? Love data? We're looking for a Junior Quantitative Trader to help build the models and strategies that drive trading performance. This isn't a role where you'll spend months researching in isolation. You'll be identifying edges, helping to build predictive models, automating processes, and seeing your work impact live markets in real time. You'll work with large datasets, help develop trading strategies, and collaborate with traders and developers to continuously improve performance. Python, R, and SQL will be your tools. Statistics, curiosity, and problem-solving will be your edge.
ROLE AND RESPONSIBILITIES
They are looking for a junior person between 1 and 4 years of experience, but you will need to have worked in quantitative research, trading, data science, or another highly analytical environment. Experience in sports, betting, prediction markets, trading, or market data is a plus, but not essential. The team is ambitious, collaborative, and obsessed with getting better every day. If you enjoy competition, ownership, and turning data into profit, you'll fit right in.
COMPENSATION
- Base salary up to $150k + bonus
LOCATION
This role will be based in Chicago.
Interested? Let's talk. No polished CV required.
See All 49 Quantitative Jobs in Illinois
Find roles in Illinois that match your experience and apply in just a few clicks.
Find Quantitative JobsQuantitative Jobs by City in Illinois
Where Illinois roles are concentrated, by current openings.
Quantitative Job Market in Illinois
A snapshot from current Illinois openings, updated as new roles post.
Who's Hiring
Top Industries Hiring
- Investment & Asset Management
- Banking & Financial Services
- Renewable Energy
- Staffing & Recruiting
What Illinois Employers Look For
The qualifications that appear most often in quantitative jobs across Illinois.
- Master's or PhD in mathematics, statistics, financial engineering, or a closely related field
- Proficiency in Python, R, or C++ with demonstrated experience in quantitative modeling
- Strong background in probability theory, stochastic calculus, or time-series analysis
- Experience building and validating quantitative models in trading, risk, or insurance contexts
- Familiarity with financial instruments including derivatives, fixed income, or equities
- Ability to communicate complex quantitative findings clearly to non-technical stakeholders
Quantitative Jobs in Illinois: Frequently Asked Questions
How do you become a quantitative in Illinois?
Most quantitative roles in Illinois require at least a master's degree, with a PhD preferred for research-focused positions. Illinois does not issue a state license for quantitative analysts, so the path runs through graduate education in mathematics, statistics, financial engineering, or physics, followed by demonstrated modeling skills. Earning a CFA or FRM designation strengthens candidacy for risk and investment roles, and many Chicago-area firms recruit directly from programs at the University of Chicago and Northwestern.
Which companies hire quantitatives in Illinois?
Employers hiring quantitatives in Illinois right now include Akuna Capital, Belvedere Trading, and Bank of America, based on current listings on Migrate Mate as of November 2026. Chicago's density of proprietary trading firms, global asset managers, and large insurance carriers means hiring is spread across a wider range of firm types than most other U.S. markets.
Which Illinois cities have the most quantitative jobs?
Chicago and Downers Grove are where quantitative openings in Illinois are most concentrated. Chicago drives the overwhelming majority of demand through its options exchanges, hedge funds, and commodities trading infrastructure, while Evanston and Naperville attract additional roles from financial technology firms and insurance companies headquartered in the suburban corridor north and west of the city.
Are there remote quantitative jobs in Illinois?
Yes, and more than most fields. About 60% of quantitative openings tied to Illinois are remote or hybrid as of November 2026, reflecting how much of the work centers on modeling, coding, and research rather than physical presence. Research and data science roles tend to offer the most flexibility, while trading-desk and real-time risk positions are more likely to require on-site work in Chicago.
How can I get hired as a quantitative in Illinois with little or no experience?
The most realistic entry path is through an internship or new-graduate rotational program at one of Chicago's large financial firms or insurance companies, where you apply directly with strong academic project work substituting for professional experience. Allstate and CME Group run structured analyst programs that consider candidates without full-time experience. Building a portfolio of original modeling projects in Python or R and competing in data science competitions signals ability when a resume is thin. Lateral entry from data analyst or actuarial analyst roles is also common.
Where can I find and apply to quantitative jobs in Illinois?
You can find and apply to quantitative jobs in Illinois on Migrate Mate, which lists current openings from Illinois employers. Search the available roles, identify the ones that match your background and target firm type, and apply directly to each listing that fits.
See All 49 Quantitative Jobs in Illinois
Find roles in Illinois that match your experience and apply in just a few clicks.
Find Quantitative Jobs