Find The Best Finance Quantitative Analyst Jobs For You

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Average Salary
$74,767
Average Salary
Job Growth Rate
6%
Job Growth Rate
Job Openings
40,063
Job Openings

Finance Quantitative Analyst Careers

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.

What Does a Finance Quantitative Analyst Do

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.

How To Become a Finance Quantitative Analyst

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.

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Average Salary
$74,767
Average Salary
Job Growth Rate
6%
Job Growth Rate
Job Openings
40,063
Job Openings

Finance Quantitative Analyst Career Paths

Top Careers Before Finance Quantitative Analyst

Top Careers After Finance Quantitative Analyst

Finance Quantitative Analyst Jobs You Might Like

What is the right job for my career path?

Tell us your goals and we'll match you with the rights job to get there.

Average Salary for a Finance Quantitative Analyst

Finance Quantitative Analysts in America make an average salary of $74,767 per year or $36 per hour. The top 10 percent makes over $121,000 per year, while the bottom 10 percent under $46,000 per year.
Average Salary
$74,767
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Best Paying Cities

City
ascdesc
Average Salarydesc
New York, NY
Salary Range60k - 128k$89k$88,604
Jersey City, NJ
Salary Range52k - 111k$77k$76,866
Washington, DC
Salary Range53k - 108k$76k$76,344
San Francisco, CA
Salary Range53k - 105k$75k$75,112
Arlington, VA
Salary Range51k - 103k$73k$72,983
Bowie, MD
Salary Range50k - 101k$71k$71,107
$36k
$128k

Recently Added Salaries

Job TitleCompanyascdescCompanyascdescStart DateascdescSalaryascdesc
Financial Quantitative Analysts-Kbgfjg
Financial Quantitative Analysts-Kbgfjg
Ernst & Young U.S. LLP
Ernst & Young U.S. LLP
03/24/2021
03/24/2021
$139,05003/24/2021
$139,050
Financial Quantitative Analysts-Kbgfjg
Financial Quantitative Analysts-Kbgfjg
Ernst & Young U.S. LLP
Ernst & Young U.S. LLP
03/24/2021
03/24/2021
$139,05003/24/2021
$139,050
Financial Quantitative Analyst (Product Analyst)
Financial Quantitative Analyst (Product Analyst)
Bloomberg L.P.
Bloomberg L.P.
03/24/2021
03/24/2021
$103,00003/24/2021
$103,000
Financial Quantitative Analysts-Kbgfjg
Financial Quantitative Analysts-Kbgfjg
Ernst & Young U.S. LLP
Ernst & Young U.S. LLP
03/24/2021
03/24/2021
$139,05003/24/2021
$139,050
Financial Quantitative Analyst
Financial Quantitative Analyst
XXX
XXX
03/19/2021
03/19/2021
$160,00003/19/2021
$160,000
See More Recent Salaries

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Finance Quantitative Analyst Demographics

Gender

male

42.6 %

unknown

30.9 %

female

26.5 %

Ethnicity

White

70.4 %

Asian

12.9 %

Hispanic or Latino

8.1 %

Foreign Languages Spoken

Mandarin

50.0 %

Cornish

10.0 %

Ukrainian

10.0 %
See More Demographics

Finance Quantitative Analyst Education

Majors

Finance
33.8 %

Degrees

Bachelors

49.3 %

Masters

40.6 %

Doctorate

7.2 %

Top Colleges for Finance Quantitative Analysts

1. University of Pennsylvania

Philadelphia, PA • Private

In-State Tuition
$55,584
Enrollment
10,764

2. Northwestern University

Evanston, IL • Private

In-State Tuition
$54,568
Enrollment
8,451

3. University of Southern California

Los Angeles, CA • Private

In-State Tuition
$56,225
Enrollment
19,548

4. San Diego State University

San Diego, CA • Private

In-State Tuition
$7,488
Enrollment
30,018

5. Stanford University

Stanford, CA • Private

In-State Tuition
$51,354
Enrollment
7,083

6. University of Notre Dame

Notre Dame, IN • Private

In-State Tuition
$53,391
Enrollment
8,568

7. Boston University

Boston, MA • Private

In-State Tuition
$53,948
Enrollment
17,238

8. SUNY Stony Brook

Stony Brook, NY • Private

In-State Tuition
$9,625
Enrollment
17,407

9. New York University

New York, NY • Private

In-State Tuition
$51,828
Enrollment
26,339

10. Vanderbilt University

Nashville, TN • Private

In-State Tuition
$49,816
Enrollment
6,840
See More Education Info

Online Courses For Finance Quantitative Analyst That You May Like

Finance & Quantitative Modeling for Analysts
coursera

The role of an Analyst is dynamic, complex, and driven by a variety of skills. These skills range from a basic understanding of financial statement data and non-financial metrics that can be linked to financial performance, to a deeper dive into business and financial modeling. Analysts also utilize spreadsheet models, modeling techniques, and common investment analysis application as part of their toolkit to make informed financial decisions and investments. This multifaceted specialization wil...

Algorithmic Trading & Quantitative Analysis Using Python
udemy
4.4
(2,383)

Build fully automated trading system and Implement quantitative trading strategies using Python...

Financial Derivatives: A Quantitative Finance View
udemy
4.5
(1,238)

The financial engineering of forwards, futures, swaps, and options, with Python tools for fixed income and options...

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Top Skills For a Finance Quantitative Analyst

The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 21.5% of finance quantitative analysts listed python on their resume, but soft skills such as analytical skills and communication skills are important as well.

Best States For a Finance Quantitative Analyst

Some places are better than others when it comes to starting a career as a finance quantitative analyst. The best states for people in this position are New York, Colorado, New Jersey, and Maryland. Finance quantitative analysts make the most in New York with an average salary of $87,494. Whereas in Colorado and New Jersey, they would average $82,423 and $76,803, respectively. While finance quantitative analysts would only make an average of $71,242 in Maryland, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.

1. New York

Total Finance Quantitative Analyst Jobs:
3,282
Highest 10% Earn:
$166,000
Location Quotient:
1.68
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

2. Colorado

Total Finance Quantitative Analyst Jobs:
964
Highest 10% Earn:
$144,000
Location Quotient:
1.06
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

3. Virginia

Total Finance Quantitative Analyst Jobs:
1,865
Highest 10% Earn:
$132,000
Location Quotient:
1.3
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here
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Top Finance Quantitative Analyst Employers

1. Ernst & Young
4.9
Avg. Salary: 
$79,215
Finance Quantitative Analysts Hired: 
561+
2. Bank of America
4.8
Avg. Salary: 
$98,508
Finance Quantitative Analysts Hired: 
123+
3. Inovalon
4.7
Avg. Salary: 
$82,171
Finance Quantitative Analysts Hired: 
36+
4. East West Bank
4.6
Avg. Salary: 
$51,013
Finance Quantitative Analysts Hired: 
22+
5. Moody's
4.9
Avg. Salary: 
$96,105
Finance Quantitative Analysts Hired: 
18+
6. DIVERSANT
4.6
Avg. Salary: 
$83,318
Finance Quantitative Analysts Hired: 
15+
Updated October 2, 2020