How to hire a quantitative analyst

How to hire a quantitative analyst, step by step

Here's a step-by-step 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 quantitative analyst job description
• Step 5: Post your job
• Step 6: Interview candidates
• Step 7: Send a job offer and onboard your new quantitative analyst
• Step 8: Go through the hiring process checklist

What does a quantitative analyst do?

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1. Identify your hiring needs

   Before you start hiring a 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

   Hiring the perfect quantitative analyst also involves considering the ideal background you'd like them to have. Depending on what industry or field they have experience in, they'll bring different skills to the job. It's also important to consider what levels of seniority and education the job requires and what kind of salary such a candidate would likely demand.

   This list shows salaries for various types of quantitative analysts.

   Type of Quantitative Analyst	Description	Hourly rate
   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.	$32-71
   Investment Banking Internship	An investment banking intern is responsible for assisting investment bankers in delivering high-quality financial services to clients while learning various investment strategies and other related banking disciplines. Investment banking interns observe the investment processes, shadow bankers on their daily operations, and contribute to identifying business opportunities based on their class knowledge to practical applications... Show more	$12-34
   Analyst Internship	An analyst internship is a student program where an intern is assigned to assist analyst professionals by analyzing business goals, objectives, and needs. Analyst interns assist in the planning and designing of business processes and suggest recommendations for improvement... Show more	$13-25

   Show more

2. Create an ideal candidate profile

   Common skills:

   • Python
   • SAS
   • Risk Management
   • Model Development
   • Statistical Models
   • C++
   • MATLAB
   • Data Analysis
   • Regression
   • Model Validation
   • PowerPoint
   • Statistical Analysis
   • Tableau
   • Quantitative Analysis

   Check all skills

   Responsibilities:

   • Manage and update early engagement processes daily through SharePoint.
   • Develop C++ codes and unix shell scripts in linux environment.
   • Perform extensive data and statistical analysis using advance packages like SAS to provide business solutions.
   • Develop predictive models using logistic regression and CHAID to target existing and prospective customers for catalog mailing events and online campaigns.
   • Create the next generation distribute C++ mortgage analytics library with Intex.
   • Present the visualization of results with Google motion charts and maps to UNDP representatives

   More quantitative analyst duties

3. Make a budget

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

   • Location. For example, quantitative analysts' average salary in kansas is 41% less than in new york.
   • Seniority. Entry-level quantitative analysts earn 54% less than senior-level quantitative analysts.
   • Certifications. A 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 quantitative analyst's salary.

   Average quantitative analyst salary

   $101,197yearly

   $48.65 hourly rate

   ---

   Entry-level quantitative analyst salary

   $68,000 yearly salary

   Updated December 17, 2025

   Average quantitative analyst salary by state

   Rank	State	Avg. salary	Hourly rate
   1	New York	$116,491	$56
   2	California	$115,960	$56
   3	New Jersey	$105,659	$51
   4	Connecticut	$105,589	$51
   5	Delaware	$102,161	$49
   6	Massachusetts	$99,848	$48
   7	Pennsylvania	$97,774	$47
   8	Maryland	$97,275	$47
   9	District of Columbia	$95,923	$46
   10	Virginia	$94,937	$46
   11	Ohio	$91,035	$44
   12	North Carolina	$90,460	$43
   13	Washington	$86,755	$42
   14	Texas	$85,510	$41
   15	Minnesota	$85,023	$41
   16	Alabama	$81,322	$39
   17	Illinois	$81,319	$39
   18	Georgia	$80,542	$39
   19	Florida	$80,177	$39
   20	Utah	$77,308	$37

   Average quantitative analyst salary by company

   Company

   Rank	Company	Average salary	Hourly rate	Job openings
   1	The Citadel	$163,410	$78.56	9
   2	Oak Hill Advisors	$144,799	$69.61
   3	King Street Capital Management	$143,489	$68.99
   4	Meta	$140,740	$67.66	8
   5	Calamos Investments	$136,799	$65.77	1
   6	Neuberger Berman	$134,950	$64.88	11
   7	Lord Abbett	$134,482	$64.65
   8	Jane Street	$134,468	$64.65	8
   9	Putnam Investments	$134,247	$64.54
   10	Pacific Gas and Electric	$131,345	$63.15
   11	Syncora Holdings Ltd	$131,030	$63.00
   12	Mesirow	$130,994	$62.98	2
   13	Pine River Capital Management	$130,546	$62.76
   14	PayPal	$129,738	$62.37	6
   15	Turner Investments	$129,102	$62.07
   16	Google	$129,074	$62.05	51
   17	KBI Global Investors	$127,313	$61.21
   18	Citicorp North America, Inc	$126,879	$61.00
   19	Wachovia Securities	$126,464	$60.80
   20	Houzz	$126,305	$60.72

4. Writing a quantitative analyst job description

   A job description for a quantitative analyst role includes a summary of the job's main responsibilities, required skills, and preferred background experience. Including a salary range can also go a long way in attracting more candidates to apply, and showing the first name of the hiring manager can also make applicants more comfortable. As an example, here's a quantitative analyst job description:

   Quantitative analyst job description example

   At Exeter Finance, we are committed to helping customers find the right financing for their next vehicle purchase. By building strong relationships with our customers and network of dealer partners we are able to give options that make sense, getting customers behind the wheel of their car.
   
   Every team member is integral to our success. Whether you're at a servicing center helping customers with their loans, in the field building relationships with dealers, or supporting the company from its corporate offices, you'll enjoy a nurturing, invigorating and positive work environment.
   
   Our vision is to be a premier finance company and lender of choice known for its People, Performance and Service.
   Job Description
   
   Job Summary
   The Quantitative Modeling Analyst III is responsible for the development and management of credit risk modeling used for loan originations, account management and collections, loan loss forecasting, capital plans, and stress testing. This person will manage credit risk model development and implementation independently and through collaboration with stakeholders throughout the organization.
   
   Job Duties
   Develop, modify, maintain, document, and provide high-level support for models used to estimate expected portfolio losses. Includes quantification of Probability of Default (PD), Loss Given Default (LGD), and Exposure at Default (EAD).Research and apply enhancements to existing suite of models to improve quality and accuracy of delivered results. Recommend possible changes to assumptions in model drivers.Independently develop and produces analysis related to loan origination, performance and forecasting, to include manipulating and interpreting data, analyzing/identifying trends, and reports findings.Provide econometric modeling and statistical analysis of large-scale auto data sets to identify relationships and trends amount various loss factors.Completes ad hoc projects related to the entire function of credit risk, and summarizes results using verbal, written, and formal presentation techniques.Summarizes analysis and communicates information to various levels of managements.Assist with development of business knowledge and technical skills of lower level analysts.Other duties as required.
   
   Education and Work Experience
   
   · Bachelor's or Master's degree in an applied quantitative field such as Engineering, Economics, Statistics, or Finance, or equivalent work experience.
   · Four (4) + years of experience with predictive modeling, including various forecasting techniques such as Logistic Regression, Generalized Linear Models, Decision Trees, Neural Networks, Markov, Multivariate Analysis, and Monte Carlo.
   · Experience working with credit data, such as Originations credit policy, Servicing and Collections analytics, and Loss Forecasting / Loan Loss Reserves.
   · Strong Programming skills in advanced analytical languages (e.g. SQL, SAS, Python, R)
   · Excellent business judgment and risk assessment skills as demonstrated by previous work or academic experience in an analytic role
   · Understanding of data sources/warehouses, data mining and data analysis techniques.
   · Quantitative skills, with ability to analyze detailed statistics, and summarize findings.
   · Understanding of GAAP principles related to loss forecasting and stress-testing, particularly Allowance for Loan Losses (ALL), CECL, SOX, Frank-Dodd, CCAR, and Basel.
   · Detail-oriented with ability to manage multiple tasks/deadlines.
   · Effective written and verbal presentation skills.
   · Ability to adapt to rapid change.
   · Proficiency with MS Office products (Excel, Word, PowerPoint, etc.).
   
   Exeter Finance LLC is an Equal Opportunity Employer.

   Copy this example

   

5. Post your job

   There are a few common ways to find quantitative analysts for your business:

   • Promoting internally or recruiting from your existing workforce.
   • Ask for referrals from friends, family members, and current employees.
   • Attend job fairs at local colleges to meet candidates with the right educational background.
   • Use social media platforms like LinkedIn, Facebook, and Twitter to recruit passive job-seekers.

   Post your job online:

   • Post your quantitative analyst job on Zippia to find and recruit 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 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.

   You should also ask about candidates' unique skills and talents to see if they match the ideal candidate profile you developed earlier. Candidates good enough for the next step can complete 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 quantitative analyst

   Once you have selected a candidate for the quantitative analyst position, it is time to create an offer letter. In addition to salary, the offer letter should include details about benefits and perks that are available to the employee. Ensuring your offer is competitive is vital, as qualified candidates may be considering other job opportunities. The candidate may wish to negotiate the terms of the offer, and it is important to be open to discussion and reach a mutually beneficial agreement. After the offer has been accepted, it is a good idea to formalize the 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.

   After that, you can create an onboarding schedule for a new quantitative analyst. Human Resources and the hiring manager should complete Employee Action Forms. Human Resources should also ensure that onboarding paperwork is completed, including I-9s, benefits enrollment, federal and state tax forms, etc., and that new employee files are created.

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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How much does it cost to hire a quantitative analyst?