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Become A Quantitative Analyst

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Working As A Quantitative Analyst

  • Analyzing Data or Information
  • Getting Information
  • Interacting With Computers
  • Processing Information
  • Communicating with Supervisors, Peers, or Subordinates
  • Deal with People

  • Mostly Sitting

  • Repetitive

  • $84,000

    Average Salary

What Does A Quantitative Analyst Do

Financial analysts provide guidance to businesses and individuals making investment decisions. They assess the performance of stocks, bonds, and other types of investments.

Duties

Financial analysts typically do the following:

  • Recommend individual investments and collections of investments, which are known as portfolios
  • Evaluate current and historical financial data
  • Study economic and business trends
  • Examine a company’s financial statements to determine its value
  • Meet with company officials to gain better insight into the company’s prospects
  • Assess the strength of the management team
  • Prepare written reports

Financial analysts evaluate investment opportunities. They work in banks, pension funds, mutual funds, securities firms, insurance companies, and other businesses. Financial analysts are also called securities analysts and investment analysts.

Financial analysts can be divided into two categories: buy-side analysts and sell-side analysts.

  • Buy-side analysts develop investment strategies for companies that have a lot of money to invest. These companies, called institutional investors, include mutual funds, hedge funds, insurance companies, independent money managers, and nonprofit organizations with large endowments, such as some universities.
  • Sell-side analysts advise financial services sales agents who sell stocks, bonds, and other investments.

Some analysts work for the business media or other research houses, which are independent from the buy and sell side.

Financial analysts generally focus on trends affecting a specific industry, geographical region, or type of product. For example, an analyst may focus on a subject area such as the energy industry, a world region such as Eastern Europe, or the foreign exchange market. They must understand how new regulations, policies, and political and economic trends may affect investments.

Investing is becoming more global, and some financial analysts specialize in a particular country or region. Companies want those financial analysts to understand the language, culture, business environment, and political conditions in the country or region that they cover.

The following are examples of types of financial analysts:

Portfolio managers select the mix of products, industries, and regions for their company’s investment portfolio. These managers are responsible for the overall performance of the portfolio. They are also expected to explain investment decisions and strategies in meetings with stakeholders.

Fund managers work exclusively with hedge funds or mutual funds. Both fund and portfolio managers frequently make buy or sell decisions in reaction to quickly changing market conditions.

Ratings analysts evaluate the ability of companies or governments to pay their debts, including bonds. On the basis of their evaluation, a management team rates the risk of a company or government not being able to repay its bonds.

Risk analysts evaluate the risk in investment decisions and determine how to manage unpredictability and limit potential losses. This job is carried out by making investment decisions such as selecting dissimilar stocks or having a combination of stocks, bonds, and mutual funds in a portfolio.

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How To Become A Quantitative Analyst

Financial analysts typically must have a bachelor’s degree, but a master’s degree is often required for advanced positions.

Education

Most positions require a bachelor’s degree. A number of fields of study provide appropriate preparation, including accounting, economics, finance, statistics, and mathematics. For advanced positions, employers often require a master’s degree in business administration (MBA) or a master’s degree in finance. Knowledge of options pricing, bond valuation, and risk management are important.

Licenses, Certifications, and Registrations

The Financial Industry Regulatory Authority (FINRA) is the main licensing organization for the securities industry. It requires licenses for many financial analyst positions. Most of the licenses require sponsorship by an employer, so companies do not expect individuals to have these licenses before starting a job.

Certification is often recommended by employers and can improve the chances for advancement. An example is the Chartered Financial Analyst (CFA) certification from the CFA Institute. Financial analysts can become CFA certified if they have a bachelor’s degree, 4 years of qualified work experience, and pass three exams. Financial analysts can also become certified in their field of specialty.

Advancement

Financial analysts typically start by specializing in a specific investment field. As they gain experience, they can become portfolio managers, who select the mix of investments for a company’s portfolio. They can also become fund managers, who manage large investment portfolios for individual investors. A master’s degree in finance or business administration can improve an analyst’s chances of advancing to one of these positions.

Important Qualities

Analytical skills. Financial analysts must process a range of information in finding profitable investments.

Communication skills. Financial analysts must explain their recommendations to clients in clear language that clients can easily understand.

Computer skills. Financial analysts must be adept at using software packages to analyze financial data, see trends, create portfolios, and make forecasts.

Decisionmaking skills. Financial analysts must provide a recommendation to buy, hold, or sell a security.

Detail oriented. Financial analysts must pay attention to details when reviewing possible investments, as small issues may have large implications for the health of an investment.

Math skills. Financial analysts use mathematical skills when estimating the value of financial securities. 

To be successful, financial analysts must be motivated to seek out obscure information that may be important to the investment. Many work independently and must have self-confidence in their judgment.

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Quantitative Analyst Career Paths

Quantitative Analyst
Consultant Manager Vice President
Executive Vice President
11 Yearsyrs
Consultant General Manager Vice President
Vice President And Manager
10 Yearsyrs
Consultant Owner Vice President
Group Vice President
9 Yearsyrs
Portfolio Manager Senior Project Manager Director
Director Of Strategy
11 Yearsyrs
Portfolio Manager Senior Project Manager Assistant Vice President
Vice President And Portfolio Manager
10 Yearsyrs
Portfolio Manager Information Technology Project Manager Senior Manager
Director Of Analytics
12 Yearsyrs
Data Scientist Senior Software Engineer Project Manager
Portfolio Manager
7 Yearsyrs
Data Scientist Analytics Consultant
Analytical Manager
8 Yearsyrs
Data Scientist Senior Consultant Operations Director
Assistant Vice President Operations
8 Yearsyrs
Senior Analyst Manager Business Manager
Senior Business Manager
10 Yearsyrs
Senior Analyst Senior Consultant Senior Vice President
Chief Risk Officer
9 Yearsyrs
Senior Analyst Supervisor Unit Manager
Risk Manager
8 Yearsyrs
Senior Risk Analyst Senior Business Analyst Manager Finance Planning And Analysis
Treasury Manager
9 Yearsyrs
Senior Risk Analyst Credit Manager Asset Manager
Manager, Asset Management
10 Yearsyrs
Senior Risk Analyst Senior Consultant Senior Management Consultant
Manager, Strategy
8 Yearsyrs
Senior Software Engineer Senior ETL Developer Senior Data Analyst-
Data Manager
6 Yearsyrs
Risk Manager Regional Manager Asset Manager
Senior Portfolio Manager
10 Yearsyrs
Risk Manager Controller Finance Controller
Investments Manager
6 Yearsyrs
Strategist
6 Yearsyrs
Senior Finance Analyst Manager, Finance Analysis
Director Of Market Analysis
9 Yearsyrs
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Do you work as a Quantitative Analyst?

Quantitative Analyst Demographics

Gender

Male

55.1%

Unknown

31.1%

Female

13.8%
Ethnicity

Asian

41.1%

White

39.3%

Hispanic or Latino

8.4%

Black or African American

7.5%

Unknown

3.8%
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Foreign Languages Spoken

Mandarin

27.2%

Chinese

16.0%

Spanish

8.6%

Russian

7.4%

Japanese

7.4%

Cantonese

7.4%

French

6.2%

Korean

2.5%

Portuguese

2.5%

German

2.5%

Vietnamese

1.2%

Romanian

1.2%

Hindi

1.2%

Bulgarian

1.2%

Georgian

1.2%

Armenian

1.2%

Kashmiri

1.2%

Indonesian

1.2%

Italian

1.2%

Hakka

1.2%
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Quantitative Analyst Education

Schools

Columbia University

18.8%

University of Chicago

11.9%

New York University

9.4%

Illinois Institute of Technology

7.9%

Carnegie Mellon University

5.1%

Boston University

4.3%

Cornell University

4.3%

Georgia Institute of Technology -

3.8%

University of Michigan - Ann Arbor

3.6%

Stevens Institute of Technology

3.6%

University of Connecticut

3.0%

Johns Hopkins University

3.0%

Fordham University

3.0%

University of Pennsylvania

3.0%

University of California - Berkeley

2.8%

George Washington University

2.8%

University of Rochester

2.5%

Harvard University

2.5%

Temple University

2.3%

University of California - Los Angeles

2.3%
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Majors

Finance

31.7%

Statistics

11.9%

Mathematics

9.8%

Economics

9.0%

Applied Mathematics

6.7%

Business

5.2%

Computer Science

3.9%

Physics

3.9%

Operations Research

3.6%

Management Science

2.5%

Industrial Engineering

1.8%

Management

1.7%

Accounting

1.7%

Electrical Engineering

1.3%

Engineering

1.2%

Information Systems

1.1%

Computer Engineering

1.0%

Chemistry

0.9%

Mechanical Engineering

0.7%

Psychology

0.6%
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Degrees

Masters

60.9%

Bachelors

16.9%

Doctorate

16.6%

Other

4.2%

Certificate

1.1%

Associate

0.2%

Diploma

0.1%
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Job type you want
Full Time
Part Time
Internship
Temporary
Average Yearly Salary
$84,000
View Detailed Salary Report
$53,000
Min 10%
$84,000
Median 50%
$84,000
Median 50%
$84,000
Median 50%
$84,000
Median 50%
$84,000
Median 50%
$84,000
Median 50%
$84,000
Median 50%
$134,000
Max 90%
Best Paying Company
Facebook
Highest Paying City
Seattle, WA
Highest Paying State
Alaska
Avg Experience Level
2.0 years
How much does a Quantitative Analyst make at top companies?
The national average salary for a Quantitative Analyst in the United States is $84,866 per year or $41 per hour. Those in the bottom 10 percent make under $53,000 a year, and the top 10 percent make over $134,000.

Real Quantitative Analyst Salaries

Job Title Company Location Start Date Salary
Senior Quantitative Analyst 3G Capital, Inc. New York, NY Feb 15, 2015 $264,000
Director, Quantitative Analyst Citigroup Global Markets Inc. New York, NY Oct 01, 2015 $250,000
Quantitative Analyst DW Partners, LP New York, NY Sep 18, 2015 $250,000
Quantitative Analyst HBK New York LLC New York, NY Nov 16, 2015 $250,000
Quantitative Analyst DW Investment Management, LP New York, NY Jun 15, 2015 $250,000
Senior Quantitative Analyst HSBC Securities (USA) Inc. New York, NY Jul 01, 2015 $240,000
Quantitative Analyst Elliott Management Corporation New York, NY Nov 15, 2016 $230,000
Quantitative Analyst Citadel LLC Chicago, IL Jan 10, 2016 $225,000
Quantitative Analyst Citadel LLC Chicago, IL Apr 02, 2016 $225,000
Senior Quantitative Analyst Tower Research Capital LLC New York, NY Jul 14, 2015 $220,813
Quantitative Analyst/Developer Schonfeld Tools, LLC. New York, NY Aug 20, 2016 $220,000
Quantitative Analyst AIG Asset Management (U.S.), LLC Wilton, CT Oct 07, 2016 $220,000
Quantitative Analyst/Developer Schonfeld Tools, LLC. New York, NY Aug 20, 2015 $127,500
Quantitative Analyst ITG Inc. New York, NY Jan 09, 2016 $127,500
Quantitative Analyst Google Inc. Mountain View, CA May 07, 2016 $127,000
Quantitative Analyst Google Inc. Mountain View, CA Aug 20, 2015 $127,000
Quantitative Analyst Google Inc. Mountain View, CA Feb 17, 2015 $127,000
Quantitative Analyst Google, Inc. San Bruno, CA Aug 19, 2015 $127,000
Quantitative Analyst Google Inc. Mountain View, CA Apr 26, 2016 $127,000
Quantitative Analyst Google Inc. Mountain View, CA May 06, 2016 $127,000
Quantitative Analyst State Street Bank and Trust Company Boston, MA Sep 28, 2015 $95,950 -
$140,000
Quantitative Analyst State Street Bank and Trust Company Boston, MA Feb 11, 2015 $95,950 -
$130,000
Quantitative Analyst BTG Pactual Asset Management Us LLC New York, NY Sep 01, 2015 $95,576 -
$100,000
Quantitative Analyst Bank of The West San Francisco, CA Oct 09, 2016 $95,040
Quantitative Analyst-Credit Risk Fifth Third Bank, An Ohio Banking Corporation Cincinnati, OH Nov 08, 2016 $95,015
Senior Quantitative Analyst Broadriver Asset Management, L.P. New York, NY Mar 18, 2015 $95,014

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Top Skills for A Quantitative Analyst

  1. Portfolio
  2. Risk Management
  3. Financial Statements
You can check out examples of real life uses of top skills on resumes here:
  • Provide quantitative and analytic support for trading, supply and portfolio management, build information library and data infrastructure.
  • Initiated credit risk management system to evaluate counterpart's credit default and provided appropriate solutions interacting with various asset classes.
  • Developed a momentum signal obtained from quarterly financial statements as a second class of predictive signals.
  • Used Microsoft Access97/2000 and SQL in the preparation of data from database for consulting companies to use in modeling.
  • Enhanced Bulk Acquisition process by automating data analysis, reporting while updating procedures.

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Top 10 Best States for Quantitative Analysts

  1. New York
  2. Rhode Island
  3. California
  4. Connecticut
  5. Minnesota
  6. New Jersey
  7. District of Columbia
  8. Texas
  9. Delaware
  10. Virginia
  • (1,081 jobs)
  • (50 jobs)
  • (1,716 jobs)
  • (181 jobs)
  • (305 jobs)
  • (403 jobs)
  • (325 jobs)
  • (974 jobs)
  • (77 jobs)
  • (863 jobs)

Top Quantitative Analyst Employers

Jobs From Top Quantitative Analyst Employers

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