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The differences between quantitative analysts and analysts can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a quantitative analyst and an analyst. Additionally, a quantitative analyst has an average salary of $101,197, which is higher than the $73,007 average annual salary of an analyst.
The top three skills for a quantitative analyst include python, SAS and risk management. The most important skills for an analyst are customer service, troubleshoot, and data analysis.
| Quantitative Analyst | Analyst | |
| Yearly salary | $101,197 | $73,007 |
| Hourly rate | $48.65 | $35.10 |
| Growth rate | 9% | 11% |
| Number of jobs | 48,644 | 253,138 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 53% | Bachelor's Degree, 67% |
| Average age | 40 | 44 |
| Years of experience | 4 | 4 |
A quantitative analyst is trained to gather quantitative methods to help companies do business and make other related decisions. In the world of trading, quantitative analysts are in demand. It is their job as quantitative analysts to help banks value their securities. They identify cost-effective investment opportunities and measure risk. They can also work for the insurance companies to develop pricing models and assess risk evaluation strategies. Also, some quantitative analysts work on the back end to enhance computer software and to evaluate financial data.
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. They also research industry trends and data to make sound inferences and recommendations on what the company should do to improve their numbers. Analysts recommend business solutions and often help the organization roll out these solutions. They ensure that the proposed action plans are effective and produce the desired results.
Quantitative analysts and analysts have different pay scales, as shown below.
| Quantitative Analyst | Analyst | |
| Average salary | $101,197 | $73,007 |
| Salary range | Between $68,000 And $148,000 | Between $53,000 And $99,000 |
| Highest paying City | New York, NY | Jersey City, NJ |
| Highest paying state | New York | New Jersey |
| Best paying company | The Citadel | The Citadel |
| Best paying industry | Technology | Technology |
There are a few differences between a quantitative analyst and an analyst in terms of educational background:
| Quantitative Analyst | Analyst | |
| Most common degree | Bachelor's Degree, 53% | Bachelor's Degree, 67% |
| Most common major | Finance | Business |
| Most common college | University of Notre Dame | Northwestern University |
Here are the differences between quantitative analysts' and analysts' demographics:
| Quantitative Analyst | Analyst | |
| Average age | 40 | 44 |
| Gender ratio | Male, 79.5% Female, 20.5% | Male, 52.4% Female, 47.6% |
| Race ratio | Black or African American, 5.6% Unknown, 4.5% Hispanic or Latino, 7.7% Asian, 14.1% White, 68.0% American Indian and Alaska Native, 0.1% | Black or African American, 7.4% Unknown, 4.4% Hispanic or Latino, 8.5% Asian, 14.3% White, 65.2% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 7% | 12% |