There is more than meets the eye when it comes to being a quantitative analyst. For example, did you know that they make an average of $48.16 an hour? That's $100,181 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 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, math skills and computer skills.
When it comes to the most important skills required to be a quantitative analyst, we found that a lot of resumes listed 10.0% of quantitative analysts included data analysis, while 8.5% of resumes included sas, and 7.9% 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 quantitative analyst job title. But what industry to start with? Most quantitative analysts actually find jobs in the finance and insurance industries.
If you're interested in becoming a quantitative analyst, one of the first things to consider is how much education you need. We've determined that 21.1% of quantitative analysts have a bachelor's degree. In terms of higher education levels, we found that 61.7% of quantitative analysts have master's degrees. Even though most quantitative analysts have a college degree, it's impossible to become one with only a high school degree or GED.
Choosing the right major is always an important step when researching how to become a quantitative analyst. When we researched the most common majors for a quantitative analyst, we found that they most commonly earn master's degree degrees or bachelor's degree degrees. Other degrees that we often see on quantitative analyst resumes include doctoral degree degrees or associate degree degrees.
You may find that experience in other jobs will help you become a quantitative analyst. In fact, many quantitative analyst jobs require experience in a role such as research assistant. Meanwhile, many quantitative analysts also have previous career experience in roles such as internship or data analyst.
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In addition to switching up your job search, it might prove helpful to look at a career path for your specific job. Now, what's a career path you ask? Well, it's practically a map that shows how you might advance from one job title to another. Our career paths are especially detailed with salary changes. So, for example, if you started out with the role of consultant you might progress to a role such as manager eventually. Later on in your career, you could end up with the title executive vice president.
Tell us your goals and we'll match you with the rights job to get there.
Use Zippia's Salary Calculator to see how your pay matches up.
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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, 10.0% of quantitative analysts listed data analysis on their resume, but soft skills such as analytical skills and math skills are important as well.
Some places are better than others when it comes to starting a career as a quantitative analyst. The best states for people in this position are New York, New Jersey, California, and Alaska. Quantitative analysts make the most in New York with an average salary of $107,679. Whereas in New Jersey and California, they would average $95,142 and $94,590, respectively. While quantitative analysts would only make an average of $92,997 in Alaska, 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
$107,680
Avg. Salary
2. Connecticut
$92,532
Avg. Salary
3. New Jersey
$95,142
Avg. Salary