Financial Quantitative Analysts in Pennsylvania
Considering working as a Financial Quantitative Analysts in Pennsylvania? Here’s what the data says. All financial specialists not listed separately.
What do Financial Quantitative Analysts Make in Pennsylvania?
For a financial quantitative analysts working in Pennsylvania, the typical annual salary is $84,700 per year (or roughly $40.72/hour).Earnings range from $49,380 at the 10th percentile to $149,600 at the 90th percentile.
| Wage Statistic | Annual | Hourly |
|---|---|---|
| 10th percentile | $49,380 | $23.74 |
| 25th percentile | $60,850 | $29.25 |
| Median (50th) | $84,700 | $40.72 |
| 75th percentile | $114,820 | $55.20 |
| 90th percentile | $149,600 | $71.92 |
Location quotient — how concentrated this career is in Pennsylvania nationwide is 0.77, meaning 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 Pennsylvania median.
Employment Outlook
National employment for 304,801 financial quantitative analysts across the United States. In Pennsylvania alone, about 3,830 people work in this role. That’s more than the typical state, which employs around 1,510 financial quantitative analysts.
Top Pennsylvania Metros for Financial Quantitative Analysts
The metro areas below employ the most financial quantitative analysts in Pennsylvania.
| Metro Area | Number Employed | Annual Median Salary |
|---|---|---|
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD | 4,100 | $80,190 |
| Pittsburgh, PA | 710 | $65,910 |
| Harrisburg-Carlisle, PA | 420 | $91,600 |
| Allentown-Bethlehem-Easton, PA-NJ | 100 | $74,840 |
| York-Hanover, PA | 100 | $105,810 |
| Scranton–Wilkes-Barre, PA | 60 | $75,420 |
| Chambersburg, PA | 40 | $105,810 |
| Lancaster, PA | 40 | $62,830 |
| Reading, PA | 40 | $87,980 |
Top States for Financial Quantitative Analysts Employment
View the states that employ 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
These states pay the most 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
The most important financial quantitative analysts skills, rated on an importance scale of 0 to 5:
Knowledge Areas
Core knowledge areas for this occupation, rated on an importance scale of 0 to 5:
Abilities
The abilities that matter most 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
Software and systems commonly involved: 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
Featured schools near , edit
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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