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The differences between quantitative analysts and senior finance 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 senior finance analyst. Additionally, a quantitative analyst has an average salary of $101,197, which is higher than the $83,222 average annual salary of a senior finance analyst.
The top three skills for a quantitative analyst include python, SAS and risk management. The most important skills for a senior finance analyst are financial analysis, hyperion, and financial models.
| Quantitative Analyst | Senior Finance Analyst | |
| Yearly salary | $101,197 | $83,222 |
| Hourly rate | $48.65 | $40.01 |
| Growth rate | 9% | 9% |
| Number of jobs | 48,644 | 117,609 |
| 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.
A Senior Financial Analyst's role is to oversee the financial aspects and manage fellow analysts in a company. Among the tasks of a Senior Financial Analyst include conducting research and analysis, providing forecast in revenue and expenditures, creating financial models that would suit the company and project more sales, and take part in the planning of finances. Moreover, being a Senior Financial Analyst means leading a team of skilled professionals in the same field of expertise.
Quantitative analysts and senior finance analysts have different pay scales, as shown below.
| Quantitative Analyst | Senior Finance Analyst | |
| Average salary | $101,197 | $83,222 |
| Salary range | Between $68,000 And $148,000 | Between $62,000 And $110,000 |
| Highest paying City | New York, NY | San Francisco, CA |
| Highest paying state | New York | California |
| Best paying company | The Citadel | |
| Best paying industry | Technology | Technology |
There are a few differences between a quantitative analyst and a senior finance analyst in terms of educational background:
| Quantitative Analyst | Senior Finance Analyst | |
| Most common degree | Bachelor's Degree, 53% | Bachelor's Degree, 74% |
| Most common major | Finance | Accounting |
| Most common college | University of Notre Dame | University of Pennsylvania |
Here are the differences between quantitative analysts' and senior finance analysts' demographics:
| Quantitative Analyst | Senior Finance Analyst | |
| Average age | 40 | 40 |
| Gender ratio | Male, 79.5% Female, 20.5% | Male, 61.7% Female, 38.3% |
| 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% |