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Financial Quantitative Analyst

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Life As a Financial Quantitative Analyst

Financial Quantitative Analyst Definition 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.

Life As a Financial Quantitative Analyst

  • Research or develop analytical tools to address issues such as portfolio construction or optimization, performance measurement, attribution, profit and loss measurement, or pricing models.
  • Define or recommend model specifications or data collection methods.
  • Maintain or modify all financial analytic models in use.
  • Develop solutions to help clients hedge carbon exposure or risk.
  • Assess the potential impact of climate change on business financial issues, such as damage repairs, insurance costs, or potential disruptions of daily activities.
  • Research new financial products or analytics to determine their usefulness.

Things a Financial Quantitative Analyst Should Know How to Do

Below is a list of the skills most Financial Quantitative Analysts say are important on the job.

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 Equity Head
  • Data Analyst
  • Quantitative Model Analyst
  • Quantitative Model Validation Analyst
  • Financial Quantitative Analyst

Job Demand for Financial Quantitative Analysts

In the United States, there were 135,900 jobs for Financial Quantitative Analyst in 2016. 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. Due to new job openings and attrition, there will be an average of 13,100 job openings in this field each 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.

How Much Does a Financial Quantitative Analyst Make?

Financial Quantitative Analysts make between $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.

How much do Financial Quantitative Analysts make in each U.S. state?

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

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:

Becoming a Financial Quantitative Analyst

What education is needed to be a Financial Quantitative Analyst?

Financial Quantitative Analyst Degree Level

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

Financial Quantitative Analyst Work Experience

Financial Quantitative Analysts Sector

Financial Quantitative Analyst Sectors

Financial Quantitative Analysts work in the following industries:

Financial Quantitative Analyst Industries


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

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