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The differences between quantitative analysts and junior is 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 junior is analyst. Additionally, a quantitative analyst has an average salary of $101,197, which is higher than the $65,296 average annual salary of a junior is analyst.
The top three skills for a quantitative analyst include python, SAS and risk management. The most important skills for a junior is analyst are powerpoint, data analysis, and portfolio.
| Quantitative Analyst | Junior IS Analyst | |
| Yearly salary | $101,197 | $65,296 |
| Hourly rate | $48.65 | $31.39 |
| Growth rate | 9% | 11% |
| Number of jobs | 48,644 | 92,477 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 53% | Bachelor's Degree, 75% |
| Average age | 40 | 44 |
| 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 junior IS analyst takes responsibility in making sure that databases are constructed appropriately and with access limits. IS analysts improve trading strategy with intermediaries through compensation information analysis. They handle financial claims payment as well as provider directory processes. Also, they develop dictionaries and provide technical support. They even perform due diligence for investment opportunities. The skills they need to have include management, information technology, and financial management.
Quantitative analysts and junior is analysts have different pay scales, as shown below.
| Quantitative Analyst | Junior IS Analyst | |
| Average salary | $101,197 | $65,296 |
| Salary range | Between $68,000 And $148,000 | Between $45,000 And $93,000 |
| Highest paying City | New York, NY | Jersey City, NJ |
| Highest paying state | New York | New Hampshire |
| Best paying company | The Citadel | The Citadel |
| Best paying industry | Technology | Finance |
There are a few differences between a quantitative analyst and a junior is analyst in terms of educational background:
| Quantitative Analyst | Junior IS Analyst | |
| Most common degree | Bachelor's Degree, 53% | Bachelor's Degree, 75% |
| Most common major | Finance | Business |
| Most common college | University of Notre Dame | University of Pennsylvania |
Here are the differences between quantitative analysts' and junior is analysts' demographics:
| Quantitative Analyst | Junior IS Analyst | |
| Average age | 40 | 44 |
| Gender ratio | Male, 79.5% Female, 20.5% | Male, 60.3% Female, 39.7% |
| 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, 7.6% Unknown, 4.5% Hispanic or Latino, 8.6% Asian, 14.7% White, 64.5% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 7% | 12% |