Post job

Quantitative analyst vs investment banking analyst

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 vs investment banking analyst overview

Quantitative AnalystInvestment Banking Analyst
Yearly salary$101,197$60,598
Hourly rate$48.65$29.13
Growth rate9%9%
Number of jobs48,64452,791
Job satisfaction--
Most common degreeBachelor's Degree, 53%Bachelor's Degree, 83%
Average age4040
Years of experience44

What does a quantitative analyst do?

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.

What does an investment banking analyst do?

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 analyst vs investment banking analyst salary

Quantitative analysts and investment banking analysts have different pay scales, as shown below.

Quantitative AnalystInvestment Banking Analyst
Average salary$101,197$60,598
Salary rangeBetween $68,000 And $148,000Between $35,000 And $104,000
Highest paying CityNew York, NYSan Francisco, CA
Highest paying stateNew YorkCalifornia
Best paying companyThe CitadelThe Citadel
Best paying industryTechnologyFinance

Differences between quantitative analyst and investment banking analyst education

There are a few differences between a quantitative analyst and an investment banking analyst in terms of educational background:

Quantitative AnalystInvestment Banking Analyst
Most common degreeBachelor's Degree, 53%Bachelor's Degree, 83%
Most common majorFinanceFinance
Most common collegeUniversity of Notre DameUniversity of Pennsylvania

Quantitative analyst vs investment banking analyst demographics

Here are the differences between quantitative analysts' and investment banking analysts' demographics:

Quantitative AnalystInvestment Banking Analyst
Average age4040
Gender ratioMale, 79.5% Female, 20.5%Male, 75.3% Female, 24.7%
Race ratioBlack 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 Percentage7%7%

Differences between quantitative analyst and investment banking analyst duties and responsibilities

Quantitative analyst example responsibilities.

  • Manage and update early engagement processes daily through SharePoint.
  • Develop C++ codes and unix shell scripts in linux environment.
  • Perform extensive data and statistical analysis using advance packages like SAS to provide business solutions.
  • Develop predictive models using logistic regression and CHAID to target existing and prospective customers for catalog mailing events and online campaigns.
  • Create the next generation distribute C++ mortgage analytics library with Intex.
  • Present the visualization of results with Google motion charts and maps to UNDP representatives
  • Show more

Investment banking analyst example responsibilities.

  • Organize and maintain client leads in SalesForce.
  • Used SQL language to manipulate, extract and manage financial and customer data.
  • Manage financial operations such as account management, book keeping, wire transfers, and transaction, position reconciliations.
  • Manage ongoing maintenance of prospective investor pipeline using SalesForce software.
  • Manage trade executions and broker relationships for all portfolio positions across several banks, prime brokerage accounts and electronic commodities exchanges.
  • Perform valuation analyses including DCF, public trading comparison, and precedent transaction comparisons.
  • Show more

Quantitative analyst vs investment banking analyst skills

Common quantitative analyst skills
  • Python, 13%
  • SAS, 8%
  • Risk Management, 7%
  • Model Development, 5%
  • Statistical Models, 5%
  • C++, 4%
Common investment banking analyst skills
  • Financial Models, 12%
  • Discounted Cash Flow, 9%
  • Healthcare, 5%
  • Capital Markets, 5%
  • Private Equity, 4%
  • PowerPoint, 4%

Browse business and financial jobs