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The differences between quantitative analysts and equity 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 equity analyst. Additionally, an equity analyst has an average salary of $103,715, 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 an equity analyst are financial models, equities, and discounted cash flow.
| Quantitative Analyst | Equity Analyst | |
| Yearly salary | $101,197 | $103,715 |
| Hourly rate | $48.65 | $49.86 |
| Growth rate | 9% | 9% |
| Number of jobs | 48,644 | 51,437 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 53% | Bachelor's Degree, 74% |
| 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 equity analyst's role is to help clients navigate through stocks and bonds using their expertise. In a company setting, their responsibilities revolve around performing extensive research and analysis on areas such as the stock market, coordinating with different departments to gather necessary data, identifying new opportunities, preparing and analyzing the company's financial records, and creating forecast models. Furthermore, as an equity analyst, it is essential to make recommendations in adherence to the company's policies and regulations, including its vision and mission.
Quantitative analysts and equity analysts have different pay scales, as shown below.
| Quantitative Analyst | Equity Analyst | |
| Average salary | $101,197 | $103,715 |
| Salary range | Between $68,000 And $148,000 | Between $68,000 And $157,000 |
| Highest paying City | New York, NY | Santa Rosa, CA |
| Highest paying state | New York | California |
| Best paying company | The Citadel | The Citadel |
| Best paying industry | Technology | Finance |
There are a few differences between a quantitative analyst and an equity analyst in terms of educational background:
| Quantitative Analyst | Equity Analyst | |
| Most common degree | Bachelor's Degree, 53% | Bachelor's Degree, 74% |
| Most common major | Finance | Finance |
| Most common college | University of Notre Dame | University of Pennsylvania |
Here are the differences between quantitative analysts' and equity analysts' demographics:
| Quantitative Analyst | Equity Analyst | |
| Average age | 40 | 40 |
| Gender ratio | Male, 79.5% Female, 20.5% | Male, 77.0% Female, 23.0% |
| 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% |