All About Financial Quantitative Analysts
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.
A Day in the Life of a Financial Quantitative Analyst
- Research new financial products or analytics to determine their usefulness.
- Develop tools to assess green technologies or green financial products, such as green hedge funds or social responsibility investment funds.
- Interpret results of financial analysis procedures.
- Prepare requirements documentation for use by software developers.
- Analyze pricing or risks of carbon trading products.
- Develop solutions to help clients hedge carbon exposure or risk.
Financial Quantitative Analyst Needed Skills
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.
Related Job Titles
- Equity Structurer
- Financial Quantitative Analyst
- Data Analyst
- Global Credit Quantitative Analysis Head
Financial Quantitative Analyst Employment Estimates
There were about 135,900 jobs for Financial Quantitative Analyst in 2016 (in the United States). 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. The BLS estimates 13,100 yearly job openings in this field.
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.
How Much Does a Financial Quantitative Analyst Make?
The typical yearly salary for Financial Quantitative Analysts is somewhere between $38,030 and $123,360.
Financial Quantitative Analysts who work in District of Columbia, Virginia, or Illinois, make the highest salaries.
How much do Financial Quantitative Analysts make in each U.S. state?
|State||Annual Mean Salary|
|District of Columbia||$107,760|
Tools & Technologies Used by Financial Quantitative Analysts
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
- Microsoft PowerPoint
- Web browser software
- Microsoft Access
- Microsoft Visio
- Structured query language SQL
- The MathWorks MATLAB
- Microsoft Dynamics
- Microsoft Visual Basic
- IBM SPSS Statistics
- Microsoft SQL Server
- Oracle JD Edwards EnterpriseOne
- Practical extraction and reporting language Perl
How to Become a Financial Quantitative Analyst
What education is needed to be a Financial Quantitative Analyst?
How Long Does it Take to Become a Financial Quantitative Analyst?
Where Financial Quantitative Analysts Work
The table below shows some of the most common industries where those employed in this career field work.
Image Credit: Dave Dugdale via Creative Commons Attribution-Share Alike 2.0 Generic
More about our data sources and methodologies.
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