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The differences between quantitative analysts and business & finance 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 a business & finance analyst. Additionally, a quantitative analyst has an average salary of $101,197, which is higher than the $70,514 average annual salary of a business & finance analyst.
The top three skills for a quantitative analyst include python, SAS and risk management. The most important skills for a business & finance analyst are financial analysis, business analysis, and shared services.
| Quantitative Analyst | Business & Finance Analyst | |
| Yearly salary | $101,197 | $70,514 |
| Hourly rate | $48.65 | $33.90 |
| Growth rate | 9% | 9% |
| Number of jobs | 48,644 | 168,111 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 53% | Bachelor's Degree, 71% |
| 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.
A financial business analyst is also referred to as a business analyst who recommends and enforces corporate efficiency and profitability methods. Financial business analysts analyze the business model and finances of an organization. Their findings serve as the source of their suggestions to improve businesses' budgeting, management, and overall operations. They have the ability to predict the outcome of the decisions made by enterprises. The skills necessary for this job include interpersonal skills, management experience, financial reporting, and strong communication skills.
Quantitative analysts and business & finance analysts have different pay scales, as shown below.
| Quantitative Analyst | Business & Finance Analyst | |
| Average salary | $101,197 | $70,514 |
| Salary range | Between $68,000 And $148,000 | Between $50,000 And $99,000 |
| Highest paying City | New York, NY | San Francisco, CA |
| Highest paying state | New York | Washington |
| Best paying company | The Citadel | |
| Best paying industry | Technology | Finance |
There are a few differences between a quantitative analyst and a business & finance analyst in terms of educational background:
| Quantitative Analyst | Business & Finance Analyst | |
| Most common degree | Bachelor's Degree, 53% | Bachelor's Degree, 71% |
| Most common major | Finance | Business |
| Most common college | University of Notre Dame | University of Pennsylvania |
Here are the differences between quantitative analysts' and business & finance analysts' demographics:
| Quantitative Analyst | Business & Finance Analyst | |
| Average age | 40 | 40 |
| Gender ratio | Male, 79.5% Female, 20.5% | Male, 55.6% Female, 44.4% |
| 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% |