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The differences between quantitative analysts and investment banking 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 investment banking analyst. Additionally, a quantitative analyst has an average salary of $101,197, which is higher than the $60,598 average annual salary of an investment banking analyst.
The top three skills for a quantitative analyst include python, SAS and risk management. The most important skills for an investment banking analyst are financial models, discounted cash flow, and healthcare.
| Quantitative Analyst | Investment Banking Analyst | |
| Yearly salary | $101,197 | $60,598 |
| Hourly rate | $48.65 | $29.13 |
| Growth rate | 9% | 9% |
| Number of jobs | 48,644 | 52,791 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 53% | Bachelor's Degree, 83% |
| 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 Investment Banking Analyst reviews and analyzes data for investment banking portfolios. They work with individuals and businesses to suggest potential investments for their clients.
Quantitative analysts and investment banking analysts have different pay scales, as shown below.
| Quantitative Analyst | Investment Banking Analyst | |
| Average salary | $101,197 | $60,598 |
| Salary range | Between $68,000 And $148,000 | Between $35,000 And $104,000 |
| Highest paying City | New York, NY | San Francisco, 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 investment banking analyst in terms of educational background:
| Quantitative Analyst | Investment Banking Analyst | |
| Most common degree | Bachelor's Degree, 53% | Bachelor's Degree, 83% |
| Most common major | Finance | Finance |
| Most common college | University of Notre Dame | University of Pennsylvania |
Here are the differences between quantitative analysts' and investment banking analysts' demographics:
| Quantitative Analyst | Investment Banking Analyst | |
| Average age | 40 | 40 |
| Gender ratio | Male, 79.5% Female, 20.5% | Male, 75.3% Female, 24.7% |
| 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% |