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The differences between quantitative analysts and associate 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 associate analyst. Additionally, a quantitative analyst has an average salary of $101,197, which is higher than the $68,161 average annual salary of an associate analyst.
The top three skills for a quantitative analyst include python, SAS and risk management. The most important skills for an associate analyst are customer service, powerpoint, and data analysis.
| Quantitative Analyst | Associate Analyst | |
| Yearly salary | $101,197 | $68,161 |
| Hourly rate | $48.65 | $32.77 |
| Growth rate | 9% | 9% |
| Number of jobs | 48,644 | 97,311 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 53% | Bachelor's Degree, 72% |
| Average age | 40 | 40 |
| 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.
An associate analyst is an individual who is responsible for the research and investigation for a specific business process and department to help the senior staff make further decisions. Associate analysts must use their analytical skills to understand how the collected data can affect business decisions, then prepare reports that detail findings and recommend solutions. They must assist in developing new business models that can generate profits while reducing costs. Associate analysts can work in various industries ranging from finance and operations to information technology (IT) and marketing.
Quantitative analysts and associate analysts have different pay scales, as shown below.
| Quantitative Analyst | Associate Analyst | |
| Average salary | $101,197 | $68,161 |
| Salary range | Between $68,000 And $148,000 | Between $47,000 And $98,000 |
| Highest paying City | New York, NY | San Francisco, CA |
| Highest paying state | New York | New York |
| Best paying company | The Citadel | Apollo Global Management |
| Best paying industry | Technology | Finance |
There are a few differences between a quantitative analyst and an associate analyst in terms of educational background:
| Quantitative Analyst | Associate Analyst | |
| Most common degree | Bachelor's Degree, 53% | Bachelor's Degree, 72% |
| Most common major | Finance | Business |
| Most common college | University of Notre Dame | University of Pennsylvania |
Here are the differences between quantitative analysts' and associate analysts' demographics:
| Quantitative Analyst | Associate Analyst | |
| Average age | 40 | 40 |
| Gender ratio | Male, 79.5% Female, 20.5% | Male, 52.3% Female, 47.7% |
| 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, 5.6% Unknown, 4.5% Hispanic or Latino, 7.7% Asian, 14.1% White, 68.0% American Indian and Alaska Native, 0.1% |
| LGBT Percentage | 7% | 7% |