How to hire a finance quantitative analyst

How to hire a finance quantitative analyst, step by step

Here's a step-by-step finance quantitative analyst hiring guide:

• Step 1: Identify your hiring needs
• Step 2: Create an ideal candidate profile
• Step 3: Make a budget
• Step 4: Write a finance quantitative analyst job description
• Step 5: Post your job
• Step 6: Interview candidates
• Step 7: Send a job offer and onboard your new finance quantitative analyst
• Step 8: Go through the hiring process checklist

What does a finance quantitative analyst do?

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1. Identify your hiring needs

   Before you start hiring a finance quantitative analyst, identify what type of worker you actually need. Certain positions might call for a full-time employee, while others can be done by a part-time worker or contractor.

   Determine employee vs contractor status

   Is the person you're thinking of hiring a US citizen or green card holder?

   Yes

   No

   A finance quantitative analyst's background is also an important factor in determining whether they'll be a good fit for the position. For example, finance quantitative analysts from different industries or fields will have radically different experiences and will bring different viewpoints to the role. You also need to consider the candidate's previous level of experience to make sure they'll be comfortable with the job's level of seniority.

   The following list breaks down different types of finance quantitative analysts and their corresponding salaries.

   Type of Finance Quantitative Analyst	Description	Hourly rate
   Finance Quantitative Analyst	Financial analysts provide guidance to businesses and individuals making investment decisions. They assess the performance of stocks, bonds, and other types of investments.	$24-60
   Analyst	Analysts are employees or individual contributors with a vast experience in a particular field that help the organization address challenges. They help the organization improve processes, policies, and other operations protocol by studying the current processes in place and determining the effectiveness of those processes... Show more	$25-47
   Summer Analyst	Summer analysts are people who undertake an internship within a banking institution. These professionals perform analyses of detailed financial and corporate information... Show more	$20-49

   Show more

2. Create an ideal candidate profile

   Common skills:

   • Python
   • Risk Management
   • SQL
   • SAS
   • Governance
   • C++
   • Credit Risk
   • CCAR
   • VBA
   • MATLAB
   • Balance Sheet
   • Quantitative Analysis
   • Derivative
   • Model Validation

   Check all skills

   Responsibilities:

   • Manage treasury workstation steering team for automation of core treasury operations for increase reliability of financial reporting and decision making.
   • Develop automated reports using VBA and SAS
   • Implement time series models, including ARMA, ARIMA and GARCH, in Matlab.
   • Research about the effect of media stock owners on other organizations' performance using SAS.
   • Work closely with bank s traders, quantitative trading strategists and valuation review group to resolve derivative pricing issues.
   • Work on various consulting projects that focuse on reviewing client derivative valuation models and valuation methodologies.

   More finance quantitative analyst duties

3. Make a budget

   Including a salary range in your finance quantitative analyst job description is a great way to entice the best and brightest candidates. A finance quantitative analyst salary can vary based on several factors:

   • Location. For example, finance quantitative analysts' average salary in montana is 44% less than in new york.
   • Seniority. Entry-level finance quantitative analysts earn 59% less than senior-level finance quantitative analysts.
   • Certifications. A finance quantitative analyst with a few certifications under their belt will likely demand a higher salary.
   • Company. Working for a prestigious company or an exciting start-up can make a huge difference in a finance quantitative analyst's salary.

   Average finance quantitative analyst salary

   $80,288yearly

   $38.60 hourly rate

   ---

   Entry-level finance quantitative analyst salary

   $51,000 yearly salary

   Updated December 22, 2025

   Average finance quantitative analyst salary by state

   Rank	State	Avg. salary	Hourly rate
   1	New Jersey	$100,594	$48
   2	New York	$100,480	$48
   3	Connecticut	$93,547	$45
   4	Virginia	$93,474	$45
   5	Massachusetts	$91,955	$44
   6	District of Columbia	$88,598	$43
   7	Maryland	$86,479	$42
   8	Oregon	$85,485	$41
   9	North Carolina	$83,799	$40
   10	California	$82,024	$39
   11	Michigan	$80,131	$39
   12	Illinois	$77,023	$37
   13	Pennsylvania	$76,557	$37
   14	Arizona	$69,082	$33
   15	Minnesota	$68,696	$33
   16	Texas	$67,631	$33
   17	Georgia	$67,159	$32
   18	Washington	$64,813	$31
   19	Florida	$64,623	$31
   20	Kansas	$60,796	$29

   Average finance quantitative analyst salary by company

   Company

   Rank	Company	Average salary	Hourly rate	Job openings
   1	Google	$128,364	$61.71	49
   2	Genentech	$118,419	$56.93	1
   3	Better	$111,977	$53.84	2
   4	Apache	$111,274	$53.50
   5	Citi	$109,847	$52.81	65
   6	Ruane	$108,587	$52.21
   7	Bloomberg	$107,637	$51.75	28
   8	Barclays	$107,579	$51.72	7
   9	Morgan Stanley	$106,372	$51.14	40
   10	Baird	$105,584	$50.76	43
   11	Oppenheimer & Co	$104,415	$50.20	6
   12	Two Sigma	$104,135	$50.06
   13	State Street	$103,096	$49.57	21
   14	Nomura Securities	$102,220	$49.14	13
   15	Federal Reserve Bank	$102,132	$49.10	2
   16	Jpm	$101,809	$48.95
   17	General Electric	$100,487	$48.31	94
   18	National Security	$100,087	$48.12
   19	Athene Asset Management	$100,048	$48.10
   20	Moody's	$97,561	$46.90	1

4. Writing a finance quantitative analyst job description

   A finance quantitative analyst job description should include a summary of the role, required skills, and a list of responsibilities. It's also good to include a salary range and the first name of the hiring manager. To help get you started, here's an example of a finance quantitative analyst job description:

   Finance quantitative analyst job description example

   Bank of America has an opportunity for a Quantitative Finance Analyst within the Alternative Modelling Group & Quantitative Solutions (AMG-QS) of Global Risk Analytics (GRA).
   
   Global Risk Analytics (GRA) is a sub line of business within Global Risk Management (GRM). The GRA team provides quantitative capabilities supporting global risk management and capital management and develops a consistent set of risk and capital models and analytical tools that support decision making across the bank.
   
   As part of GRA - Alternative Modelling Group & Quantitative Services (AMG-QS) builds alternative models, using innovative methods, which challenge and benchmark risk and capital champion models across the enterprise; and has a vision to challenge what is possible across Risk and Capital Modelling
   
   The role will involve the development and enhancement of next generation of Risk and Capital models to improve the bank's risk management capability. This is a challenging and intellectually stimulating role in a dynamic team that is used to delivering in a timely manner across the Enterprise.
   Overview of the Role:
   
   We are looking for technically minded problem solvers with the desire to work across a number of functional areas to drive the development of next generation risk and capital models; including champion and challenger, using traditional regression methods and next-generation modelling techniques.
   
   * Critical to the role is to be able to think outside the box of current industry standards to develop innovative approaches to modelling problems
   
   * Pro-actively work with stakeholders across the company to collect requirements and then develop and build modelling solutions to meet them; and effectively communicate those solutions to stakeholders
   
   * Provide insight and thought leadership into the development of new models, analytic processes or systems approaches
   
   * Promote the adoption of GRA best practices for model development, implementation and monitoring
   
   * Pro-actively work with stakeholders across the firm to identify opportunities to improve existing models/processes
   
   * Produce clear and coherent technical documentation for internal and regulatory purposes
   
   * Take ownership to deliver results and meet critical deadlines
   
   Required Skills:
   
   * Highly numerical degree (Masters required and PhD level desirable) in Statistics, Financial Mathematics, Applied Mathematics, Economics, Physics or Engineering
   
   * 2+ years of work experience in developing, documenting & maintaining risk and/or capital models and handling large datasets
   
   * Technical skills: Statistics, Probability Theory, Econometrics, Financial Mathematics
   
   * Strong programming skills; SQL, Python, VBA, Latex
   
   * Strong technical writing and clear verbal communication skills
   
   * Experience of, and ability to work under pressure and deliver to tight deadlines
   
   * Ability to work independently, multitask and properly prioritize work
   
   * Curiosity and willingness to develop and work on new ways of modelling
   
   Desired Skills:
   
   * Experiences in the areas of credit risk modelling, operational risk modelling, loss forecasting etc. preferred
   
   * Knowledge of regulatory guidelines including CCAR, DFAST, CECL, DFAST, ICAAP.
   
   * Strong stakeholder engagement skills with an ability to work with colleagues in other functions (business, risk and model validation)
   
   * Organized, practical and execution focused with some project management experience
   
   * Self-motivated and intellectually curious about both the role, supporting technologies and the wider bank
   
   Shift:
   
   1st shift (United States of America)
   
   Hours Per Week:
   
   40

   Copy this example

   

5. Post your job

   There are various strategies that you can use to find the right finance quantitative analyst for your business:

   • Consider promoting from within or recruiting from your existing workforce.
   • Ask for referrals from friends, family members, and current employees.
   • Attend job fairs at local colleges to find candidates who meet your education requirements.
   • Use social media platforms like LinkedIn, Facebook, and Twitter to reach potential job candidates.

   Post your job online:

   • Post your finance quantitative analyst job on Zippia to find and recruit finance quantitative analyst candidates who meet your exact specifications.
   • Use field-specific websites such as efinancialcareers, financialjobsweb.com, careerbank, financial job bank.
   • Post a job on free websites.

6. Interview candidates

   To successfully recruit finance quantitative analysts, your first interview needs to engage with candidates to learn about their interest in the role and experience in the field. You can go into more detail about the company, the role, and the responsibilities during follow-up interviews.

   Remember to include a few questions that allow candidates to expand on their strengths in their own words. Asking about their unique skills might reveal things you'd miss otherwise. At this point, good candidates can move on to the technical interview.

   The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.

7. Send a job offer and onboard your new finance quantitative analyst

   Once you've decided on a perfect finance quantitative analyst candidate, it's time to write an offer letter. In addition to salary, it should include benefits and perks available to the employee. Qualified candidates may be considered for other positions, so make sure your offer is competitive. Candidates may wish to negotiate. Once you've settled on the details, formalize your agreement with a contract.

   It's also good etiquette to follow up with applicants who don't get the job by sending them an email letting them know that the position has been filled.

   To prepare for the new finance quantitative analyst first day, you should share an onboarding schedule with them that covers their first period on the job. You should also quickly complete any necessary paperwork, such as employee action forms and onboarding documents like I-9, benefits enrollment, and federal and state tax forms. Finally, Human Resources must ensure a new employee file is created for internal record keeping.

8. Go through the hiring process checklist

   • Determine employee type (full-time, part-time, contractor, etc.)
   • Submit a job requisition form to the HR department
   • Define job responsibilities and requirements
   • Establish budget and timeline
   • Determine hiring decision makers for the role
   • Write job description
   • Post job on job boards, company website, etc.
   • Promote the job internally
   • Process applications through applicant tracking system
   • Review resumes and cover letters
   • Shortlist candidates for screening
   • Hold phone/virtual interview screening with first round of candidates
   • Conduct in-person interviews with top candidates from first round
   • Score candidates based on weighted criteria (e.g., experience, education, background, cultural fit, skill set, etc.)
   • Conduct background checks on top candidates
   • Check references of top candidates
   • Consult with HR and hiring decision makers on job offer specifics
   • Extend offer to top candidate(s)
   • Receive formal job offer acceptance and signed employment contract
   • Inform other candidates that the position has been filled
   • Set and communicate onboarding schedule to new hire(s)
   • Complete new hire paperwork (i9, benefits enrollment, tax forms, etc.)

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