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Financial Quantitative Analyst

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What Do Financial Quantitative Analyst Do?

Occupation Description Develop quantitative financial products used to inform individuals or financial institutions engaged in saving, lending, investing, borrowing, or managing risk. Investigate methods for financial analysis to create mathematical models used to develop improved analytical tools or advanced financial investment instruments.

List of Financial Quantitative Analyst Job Duties

  • Develop solutions to help clients hedge carbon exposure or risk.
  • Research or develop analytical tools to address issues such as portfolio construction or optimization, performance measurement, attribution, profit and loss measurement, or pricing models.
  • Interpret results of financial analysis procedures.
  • Define or recommend model specifications or data collection methods.
  • Collaborate with product development teams to research, model, validate, or implement quantitative structured solutions for new or expanded markets.
  • Identify, track, or maintain metrics for trading system operations.

What Skills Do You Need to Work as a Financial Quantitative Analyst?

These are the skills Financial Quantitative Analysts say are the most useful in their careers:

Mathematics: Using mathematics to solve problems.

Critical Thinking: Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.

Reading Comprehension: Understanding written sentences and paragraphs in work related documents.

Complex Problem Solving: Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions.

Active Listening: Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.

Speaking: Talking to others to convey information effectively.

  • Quantitative Strategy Analyst
  • Quantitative Researcher
  • Financial Quantitative Analyst
  • Investment Strategist
  • Global Credit Quantitative Analysis Head

Job Opportunities for Financial Quantitative Analysts

In 2016, there was an estimated number of 135,900 jobs in the United States for Financial Quantitative Analyst. New jobs are being produced at a rate of 9.6% which is above the national average. The Bureau of Labor Statistics predicts 13,100 new jobs for Financial Quantitative Analyst by 2026. There will be an estimated 13,100 positions for Financial Quantitative Analyst per year.

Forecasted Number of Jobs for Financial Quantitative Analysts in U.S.

The states with the most job growth for Financial Quantitative Analyst are Utah, Nevada, and Arizona. Watch out if you plan on working in South Dakota, Maryland, or Alaska. These states have the worst job growth for this type of profession.

Average Financial Quantitative Analysts Salary

The salary for Financial Quantitative Analysts ranges between about $38,030 and $123,360 a year.

Salary Ranges for Financial Quantitative Analysts

Financial Quantitative Analysts who work in District of Columbia, Virginia, or Illinois, make the highest salaries.

Below is a list of the median annual salaries for Financial Quantitative Analysts in different U.S. states.

State Annual Mean Salary
Alabama $75,170
Alaska $68,040
Arizona $82,200
Arkansas $43,580
California $80,720
Colorado $83,800
Connecticut $77,690
Delaware $80,950
District of Columbia $107,760
Florida $67,520
Georgia $85,610
Idaho $56,440
Illinois $93,200
Indiana $66,590
Iowa $69,480
Kansas $55,300
Kentucky $57,030
Louisiana $61,170
Maine $65,430
Maryland $77,440
Massachusetts $88,370
Michigan $69,480
Minnesota $74,190
Mississippi $63,650
Missouri $74,050
Montana $67,820
Nebraska $79,250
Nevada $58,150
New Hampshire $77,670
New Jersey $81,660
New Mexico $61,940
New York $96,480
North Carolina $76,050
North Dakota $77,400
Ohio $78,960
Oklahoma $72,520
Oregon $71,980
Pennsylvania $74,880
Rhode Island $77,610
South Carolina $69,340
South Dakota $53,080
Tennessee $65,200
Texas $70,830
Utah $69,340
Vermont $72,600
Virginia $87,810
Washington $73,790
West Virginia $68,180
Wisconsin $60,120
Wyoming $59,190

What Tools & Technology do Financial Quantitative Analysts Use?

Below is a list of the types of tools and technologies that Financial Quantitative Analysts may use on a daily basis:

  • Microsoft Excel
  • Microsoft Office
  • JavaScript
  • Microsoft PowerPoint
  • Web browser software
  • Python
  • Microsoft Access
  • Microsoft Visio
  • Structured query language SQL
  • The MathWorks MATLAB
  • Microsoft Dynamics
  • SAS
  • Linux
  • Microsoft Visual Basic
  • IBM SPSS Statistics
  • Microsoft SQL Server
  • UNIX
  • R
  • Oracle JD Edwards EnterpriseOne
  • Practical extraction and reporting language Perl

How do I Become a Financial Quantitative Analyst?

What kind of Financial Quantitative Analyst requirements are there?

Financial Quantitative Analyst Degree Level

What work experience do I need to become a Financial Quantitative Analyst?

Financial Quantitative Analyst Work Experience

Where Financial Quantitative Analysts Are Employed

Financial Quantitative Analyst Sectors

The table below shows some of the most common industries where those employed in this career field work.

Financial Quantitative Analyst Industries

References:

Image Credit: Dave Dugdale via Creative Commons Attribution-Share Alike 2.0 Generic

More about our data sources and methodologies.

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