Financial Quantitative Analysts in Puerto Rico
Considering working as a Financial Quantitative Analysts in Puerto Rico? Here’s what you need to know. All financial specialists not listed separately.
What do Financial Quantitative Analysts Make in Puerto Rico?
The financial quantitative analysts working in Puerto Rico, the typical annual salary is $38,480 per year (or about $18.50/hour).Pay can range from $22,000 at the 10th percentile to $82,960 at the 90th percentile.
| Wage Statistic | Annual | Hourly |
|---|---|---|
| 10th percentile | $22,000 | $10.58 |
| 25th percentile | $30,290 | $14.56 |
| Median (50th) | $38,480 | $18.50 |
| 75th percentile | $62,480 | $30.04 |
| 90th percentile | $82,960 | $39.89 |
The location quotient — a measure of how concentrated this occupation is in Puerto Rico nationwide is 0.87, suggesting fewer financial quantitative analysts per worker than the national average.
National Wage Comparison
Nationally, financial quantitative analysts earn a median of $126,371 per year ($60.76/hour), lower than the Puerto Rico median.
Employment Outlook
Nationally, total employment in this occupation is 304,801 financial quantitative analysts across the United States. In Puerto Rico alone, about 680 people work in this role. That’s below the typical state, which employs around 1,510 financial quantitative analysts.
Top Puerto Rico Metros for Financial Quantitative Analysts
The metro areas below employ the most financial quantitative analysts in Puerto Rico.
| Metro Area | Number Employed | Annual Median Salary |
|---|---|---|
| San Juan-Bayamon-Caguas, PR | 600 | $38,480 |
Top States for Financial Quantitative Analysts Employment
The table below shows the states where the most financial quantitative analysts work.
| State | Number Employed |
|---|---|
| California | 15,360 |
| Texas | 12,290 |
| Illinois | 7,140 |
| Florida | 7,030 |
| New York | 6,760 |
| Virginia | 5,560 |
| New Jersey | 4,870 |
| Ohio | 4,510 |
| Georgia | 4,370 |
| Maryland | 4,290 |
| Pennsylvania | 3,830 |
| Colorado | 3,820 |
| Louisiana | 3,500 |
| North Carolina | 3,260 |
| Washington | 3,110 |
| Massachusetts | 2,930 |
| Tennessee | 2,810 |
| Missouri | 2,740 |
| District of Columbia | 2,530 |
| Utah | 2,110 |
Highest-Paying States for Financial Quantitative Analysts
The highest-paying states for financial quantitative analysts.
| State | Annual Median Salary |
|---|---|
| District of Columbia | $123,450 |
| New York | $122,510 |
| Maryland | $102,500 |
| New Jersey | $92,820 |
| Ohio | $90,170 |
| Rhode Island | $88,500 |
| Indiana | $87,760 |
| Colorado | $87,270 |
| West Virginia | $86,940 |
| Massachusetts | $85,950 |
Skills
Key financial quantitative analysts skills, rated on an importance scale of 0 to 5:
Knowledge Areas
Important knowledge areas for this occupation, rated on an importance scale of 0 to 5:
Abilities
Key abilities for financial quantitative analysts, rated on an importance scale of 0 to 5:
Daily Tasks
Day-to-day, financial quantitative analysts typically:
- Apply mathematical or statistical techniques to address practical issues in finance, such as derivative valuation, securities trading, risk management, or financial market regulation.
- 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.
- Develop core analytical capabilities or model libraries, using advanced statistical, quantitative, or econometric techniques.
- Define or recommend model specifications or data collection methods.
- Produce written summary reports of financial research results.
- Maintain or modify all financial analytic models in use.
- Provide application or analytical support to researchers or traders on issues such as valuations or data.
- Devise or apply independent models or tools to help verify results of analytical systems.
- Collaborate in the development or testing of new analytical software to ensure compliance with user requirements, specifications, or scope.
- Confer with other financial engineers or analysts on trading strategies, market dynamics, or trading system performance to inform development of quantitative techniques.
- Consult traders or other financial industry personnel to determine the need for new or improved analytical applications.
Work Activities
- Working with Computers
- Analyzing Data or Information
- Processing Information
- Getting Information
- Making Decisions and Solving Problems
- Updating and Using Relevant Knowledge
- Interpreting the Meaning of Information for Others
- Communicating with Supervisors, Peers, or Subordinates
- Thinking Creatively
- Estimating the Quantifiable Characteristics of Products, Events, or Information
- Identifying Objects, Actions, and Events
- Organizing, Planning, and Prioritizing Work
Tools & Technology
Common tools and software used in this occupation include: Hot technologies: Amazon Web Services AWS software, Apache Hive, C#, C++ In-demand technologies: C++, Microsoft Excel
What Major Will Prepare You For This Career?
Related college programs include:
- Finance & Financial Management
- Business Administration & Management
- Applied Mathematics
- Religious Institution Administration and Law
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Related Careers
Careers similar to financial quantitative analysts include:
- Investment Fund Managers
- Management Analysts
- Market Research Analysts and Marketing Specialists
- Credit Analysts
- Financial and Investment Analysts
- Personal Financial Advisors
Also Known As
Analyst, Data Analyst, Equity Analyst, Equity Structurer, Finance Analyst, Financial Analyst, Financial Engineer, Financial Quantitative Analyst, Investment Associate, Investment Portfolio Control Consultant, Investment Strategist, Model Risk Manager, Model Validation Analyst, Portfolio Manager, Predictive Modeler.
References
- U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics — https://www.bls.gov/oes/
- O*NET Online — https://www.onetonline.org/
- BLS Employment Projections — https://www.bls.gov/emp/
- O*NET-SOC code: 13-2099.01
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