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Finance quantitative analyst education requirements

Updated January 8, 2025
4 min read

There are several educational requirements to become a finance quantitative analyst. Finance quantitative analysts usually study finance, applied mathematics, or business. 49% of finance quantitative analysts hold a bachelor's degree, and 42% hold an master's degree. We analyzed 92 real finance quantitative analyst resumes to see exactly what finance quantitative analyst education sections show.

The most common colleges for finance quantitative analysts are the University of Texas at Austin and the University of Texas at Austin.

There are also many online finance quantitative analyst courses to help get the education required to be a finance quantitative analyst.

What education do you need to become a finance quantitative analyst?

What degree do you need to be a finance quantitative analyst?

The most common degree for finance quantitative analysts is bachelor's degree, with 49% of finance quantitative analysts earning that degree. The second and third most common degree levels are master's degree degree at 42% and master's degree degree at 7%.
  • Bachelor's, 49%
  • Master's, 42%
  • Doctorate, 7%
  • Associate, 1%

What should I major in to become a finance quantitative analyst?

You should major in finance to become a finance quantitative analyst. 32% of finance quantitative analysts major in finance. Other common majors for a finance quantitative analyst include applied mathematics and business.

Most common colleges for finance quantitative analysts

Finance quantitative analysts often get their degrees at University of Texas at Austin, University of Southern California, and Montana State University - Bozeman. Here are the most common colleges for finance quantitative analysts in the US based on their resumes.
Finance quantitative analyst common collegePercentages
University of Texas at Austin9.09%
University of Southern California9.09%
Montana State University - Bozeman4.55%
Purdue University4.55%
University of North Carolina at Greensboro4.55%

Best majors for finance quantitative analysts

RankMajorPercentages
1Finance32.4%
2Applied Mathematics8.8%
3Business7.4%
4Economics7.4%
5Electrical Engineering5.9%

Best colleges for finance quantitative analysts

The best colleges for finance quantitative analysts are Northwestern University, University of Pennsylvania, and Vanderbilt University.

A finance quantitative analyst with advanced education typically earns a higher salary and has access to better jobs. That's why Zippia looked into the best colleges for finance quantitative analysts. We based this list on several metrics: admissions rate, retention rate, mean earnings of graduates, the ratio of working vs. non-working students ten years after admission, the average cost of attendance, and median debt for graduates who become 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

20 best online courses for finance quantitative analysts

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1. Finance & Quantitative Modeling for Analysts

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4. Quantitative Finance & Algorithmic Trading in Python

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Stock Market, Bonds, Markowitz-Portfolio Theory, CAPM, Black-Scholes Model, Value at Risk and Monte-Carlo Simulations...

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Learn how build a project finance model & support infrastructure finance deals around the globe!...

6. Financial Analysis and Financial Modeling using MS Excel

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7. Complete Financial Modeling for Project Finance in Excel

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13. Financial Analysis for Management Consultants & Analysts

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14. Python & Machine Learning for Financial Analysis

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Master Python Programming Fundamentals and Harness the Power of ML to Solve Real-World Practical Applications in Finance...

15. Finance Training for Financial Analysts

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16. Data Analyst Skillpath: Zero to Hero in Excel, SQL & Python

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17. Finance & Accounting for Management Consultants and Analysts

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A practical guide that will help you understand financial statements & do financial analyses during consulting projects...

18. Excel Data Analytics in AML Financial Intelligence Analysis

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Applying Excel Data Analytics in Anti-Money Laundering/Combating Financing of Terrorism Analysis & Investigations...

19. Fixed Income Analytics: Pricing and Risk Management

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20. Manage Finance Data with Python & Pandas: Unique Masterclass

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Analyze Stocks with Pandas, Numpy, Seaborn & Plotly. Create, analyze & optimize Index & Portfolios (CAPM, Alpha, Beta)...

Top 10 most affordable universities for finance quantitative analysts

The most affordable schools for finance quantitative analysts are Baruch College of the City University of New York, california state university - long beach, and brooklyn college of the city university of new york.

If the best universities for finance quantitative analysts are out of your price range, check out these affordable schools. After factoring in in-state tuition and fees, the average cost of attendance, admissions rate, average net price, and mean earnings after six years, we found that these are the most affordable schools for finance quantitative analysts.

1. Baruch College of the City University of New York

New York, NY • Private

In-state tuition

$7,262

Cost of attendance

14,046

2. California State University - Long Beach

Long Beach, CA • Private

In-state tuition

$6,798

Cost of attendance

18,306

3. Brooklyn College of the City University of New York

Brooklyn, NY • Private

In-state tuition

$7,240

Cost of attendance

13,991

4. SUNY Farmingdale

Farmingdale, NY • Private

In-state tuition

$8,306

Cost of attendance

16,091

5. University of Florida

Gainesville, FL • Private

In-state tuition

$6,381

Cost of attendance

21,034

6. California State University - Fullerton

Fullerton, CA • Private

In-state tuition

$6,886

Cost of attendance

17,645

7. University of Puerto Rico - Mayaguez

Mayaguez, PR • Private

In-state tuition

$4,094

Cost of attendance

14,302

8. Brigham Young University

Provo, UT • Private

In-state tuition

$5,620

Cost of attendance

18,136

9. Florida International University

Miami, FL • Private

In-state tuition

$6,556

Cost of attendance

19,434

10. California State University - Dominguez Hills

Carson, CA • Private

In-state tuition

$6,942

Cost of attendance

14,469

Top 10 hardest universities to get into for finance quantitative analysts

The hardest universities for finance quantitative analysts to get into are Northwestern University, University of Pennsylvania, and Vanderbilt University.

Some great schools for finance quantitative analysts are hard to get into, but they also set your career up for greater success. The list below shows the most challenging universities to get into for finance quantitative analysts based on an institution's admissions rates, average SAT scores accepted, median ACT scores accepted, and mean earnings of students six years after admission.

1. Northwestern University

Evanston, IL • Private

Admissions rate

8%

SAT average

1,508

2. University of Pennsylvania

Philadelphia, PA • Private

Admissions rate

8%

SAT average

1,492

3. Vanderbilt University

Nashville, TN • Private

Admissions rate

10%

SAT average

1,514

4. Carnegie Mellon University

Pittsburgh, PA • Private

Admissions rate

17%

SAT average

1,507

5. University of Southern California

Los Angeles, CA • Private

Admissions rate

13%

SAT average

1,445

6. Washington University in St Louis

Saint Louis, MO • Private

Admissions rate

15%

SAT average

1,506

7. New York University

New York, NY • Private

Admissions rate

20%

SAT average

1,419

8. University of Notre Dame

Notre Dame, IN • Private

Admissions rate

18%

SAT average

1,502

9. Boston University

Boston, MA • Private

Admissions rate

22%

SAT average

1,420

10. Stanford University

Stanford, CA • Private

Admissions rate

4%

SAT average

1,497

Top 10 easy-to-apply-to universities for finance quantitative analysts

The easiest schools for finance quantitative analysts to get into are Oklahoma Wesleyan University, barry university, and notre dame college.

Some schools are much easier to get into. If you want to start your career as a finance quantitative analyst without much hassle, check out the list of schools where you will be accepted in no time. We compiled admissions rates, average SAT scores, average ACT scores, and average salary of students six years after graduation to uncover which were the easiest schools to get into for finance quantitative analysts.

1. Oklahoma Wesleyan University

Bartlesville, OK • Private

Admissions rate

68%

SAT average

964

2. Barry University

Miami, FL • Private

Admissions rate

91%

SAT average

1,006

3. Notre Dame College

Cleveland, OH • Private

Admissions rate

90%

SAT average

994

4. University of Houston - Downtown

Houston, TX • Private

Admissions rate

83%

SAT average

1,012

5. Kean University

Union, NJ • Private

Admissions rate

86%

SAT average

991

6. William Paterson University of New Jersey

Wayne, NJ • Private

Admissions rate

93%

SAT average

994

7. Iona College

New Rochelle, NY • Private

Admissions rate

88%

SAT average

1,089

8. San Francisco State University

San Francisco, CA • Private

Admissions rate

72%

SAT average

1,054

9. D'Youville College

Buffalo, NY • Private

Admissions rate

100%

SAT average

1,072

10. University of North Texas at Dallas

Dallas, TX • Private

Admissions rate

83%

SAT average

992

Average finance quantitative analyst salary by education level

According to our data, finance quantitative analysts with a Doctorate degree earn the highest average salary, at $108,675 annually. Finance quantitative analysts with a Master's degree earn an average annual salary of $92,227.
Finance quantitative analyst education levelFinance quantitative analyst salary
Master's Degree$92,227
Bachelor's Degree$79,509
Doctorate Degree$108,675

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Updated January 8, 2025

Zippia Research Team
Zippia Team

Editorial Staff

The Zippia Research Team has spent countless hours reviewing resumes, job postings, and government data to determine what goes into getting a job in each phase of life. Professional writers and data scientists comprise the Zippia Research Team.

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