November 2023

Quants Growth in Chicago and Hong Kong

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Quants Growth In Chicago And Hong Kong

The shift towards data-focused strategies is pushing quantitative traders and quant developers to the forefront of financial services, with major financial capitals like Chicago, Hong Kong, and Singapore leading this change.

At Selby Jennings, we're not just watching these trends – we're part of the story. Our data highlights a standout 10% increase in quant recruitment vacancies in Chicago, which recently joined the ranks of the top 10 global financial centres. Similarly, we've observed a 24% growth in quantitative finance investment banking vacancies in Hong Kong and a 19% growth in Singapore. These numbers speak volumes about the growing demand in these key cities. As a leading quants talent partner, we are committed to supporting this growth. 

Decoding Chicago's 10% uptick 

Chicago, known for its strong financial roots, is now a leading spot for quants. The impressive 10% increase in quant vacancies comes from: 

  • Tech meets tradition: By combining old financial ways with new tech methods, Chicago attracts many quants. 
  • Changing markets: As the ways of trading change and new chances come up, Chicago needs more skilled quant experts.  

Chicago's increase in quants recruitment has undoubtedly caught the attention of international quant finance professionals, but it's not the only city experiencing growth. While the 10% spike in Chicago is significant, Hong Kong's own trajectory shouldn't be downplayed. We've seen a noteworthy 24% increase in quantitative finance investment banking vacancies. This uptick is driven by several factors, including its longstanding financial heritage, a progressive tech ecosystem, and a robust demand for data-driven expertise.  

Looking ahead 

As we set our sights on the future, one thing is crystal clear: quants are steering the future of global finance. Their role is growing, and the industry needs the best minds to keep pace, which is where Selby Jennings comes in. Our award-winning quantitative analytics, research and trading recruitment team stands out, and here's why: 

  • Expertise: With 20 years in the industry, our knowledge isn't just deep—it's precise. We understand the nuances of quant roles like no other. 
  • Global network: Our vast and diverse network ensures that we connect firms with the ideal candidates, tailored to their unique needs. 
  • Dedication: We're not just recruiters; we're partners. Our commitment is to ensure mutual growth for both companies and professionals. 

So, if you're a firm aiming to make impactful hires, look no further. Request a call back to discuss how we can help you find the top quants talent. 

For those in quants ready to take on new challenges, career-defining opportunities are just around the corner. Submit your CV here and contact us explore our hand-picked positions in Chicago, Hong Kong, New York, and other quants hubs around the world. 

For an added layer of insight, our comprehensive Global Quantitative Analytics, Research & Trading Salary Guide provides a detailed view of current compensation trends in the industry. With Selby Jennings by your side, let's work collaboratively to craft a brighter, data-driven future in finance.

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