A finance quantitative analyst is a professional who uses quantitative methods such as statistics and other mathematical skills to help companies make informed financial decisions. These individuals can work for private equity firms, investment banks, stockbrokers, asset managers, and insurance companies.
A finance quantitative analyst works to identify profitable investment opportunities and manage any potential risks. These analysts generate reports on profits and losses, risk assessments as well as the profitability of new and emerging markets.
Most finance quantitative analysts have an advanced degree in finance, statistics, accounting, or a related field, and should possess strong analytical, organizational, and problem-solving skills. Many of these individuals work closely with marketing and sales teams to promote company efficiency and increase market share. A finance quantitative analyst should also be comfortable working in a team environment and in giving presentations to upper management and clients. A finance quantitative analyst can work in a variety of industries and can make up to $100,000 annually in the US. The job market for this profession is expected to increase 5% by 2028.
There is more than meets the eye when it comes to being a finance quantitative analyst. For example, did you know that they make an average of $35.95 an hour? That's $74,767 a year!
Between 2018 and 2028, the career is expected to grow 6% and produce 20,300 job opportunities across the U.S.
There are certain skills that many finance quantitative analysts have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed analytical skills, communication skills and computer skills.
When it comes to the most important skills required to be a finance quantitative analyst, we found that a lot of resumes listed 21.5% of finance quantitative analysts included python, while 11.8% of resumes included risk management, and 10.8% of resumes included r. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.
When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the finance quantitative analyst job title. But what industry to start with? Most finance quantitative analysts actually find jobs in the finance and technology industries.
If you're interested in becoming a finance quantitative analyst, one of the first things to consider is how much education you need. We've determined that 49.3% of finance quantitative analysts have a bachelor's degree. In terms of higher education levels, we found that 40.6% of finance quantitative analysts have master's degrees. Even though most finance quantitative analysts have a college degree, it's impossible to become one with only a high school degree or GED.
You may find that experience in other jobs will help you become a finance quantitative analyst. In fact, many finance quantitative analyst jobs require experience in a role such as internship. Meanwhile, many finance quantitative analysts also have previous career experience in roles such as research assistant or finance analyst.