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The differences between quantitative analysts and directors of quantitative research 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 director of quantitative research. Additionally, a director of quantitative research has an average salary of $143,785, which is higher than the $101,197 average annual salary of a quantitative analyst.
The top three skills for a quantitative analyst include python, SAS and risk management. The most important skills for a director of quantitative research are python, machine learning, and quantitative research.
| Quantitative Analyst | Director Of Quantitative Research | |
| Yearly salary | $101,197 | $143,785 |
| Hourly rate | $48.65 | $69.13 |
| Growth rate | 9% | 9% |
| Number of jobs | 48,644 | 51,503 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 53% | Bachelor's Degree, 51% |
| 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 director of quantitative research is a management professional who is responsible for managing a group of experts who are involved in quantitative research. This director must develop data analysis strategies to assess projects while providing reports to their senior management to monitor the effectiveness of their current development activities. The director must conduct a quantitative analysis of the organization's financial data to track and monitor the performance of their operations. This director must also coordinate collaborative data collection efforts across the organization.
Quantitative analysts and directors of quantitative research have different pay scales, as shown below.
| Quantitative Analyst | Director Of Quantitative Research | |
| Average salary | $101,197 | $143,785 |
| Salary range | Between $68,000 And $148,000 | Between $101,000 And $203,000 |
| Highest paying City | New York, NY | Washington, DC |
| Highest paying state | New York | New Hampshire |
| Best paying company | The Citadel | The Citadel |
| Best paying industry | Technology | Education |
There are a few differences between a quantitative analyst and a director of quantitative research in terms of educational background:
| Quantitative Analyst | Director Of Quantitative Research | |
| Most common degree | Bachelor's Degree, 53% | Bachelor's Degree, 51% |
| Most common major | Finance | Finance |
| Most common college | University of Notre Dame | University of Notre Dame |
Here are the differences between quantitative analysts' and directors of quantitative research' demographics:
| Quantitative Analyst | Director Of Quantitative Research | |
| Average age | 40 | 40 |
| Gender ratio | Male, 79.5% Female, 20.5% | Male, 71.1% Female, 28.9% |
| 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% |