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The differences between quantitative analysts and software engineers 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 software engineer. Additionally, a quantitative analyst has an average salary of $101,197, which is higher than the $100,260 average annual salary of a software engineer.
The top three skills for a quantitative analyst include python, SAS and risk management. The most important skills for a software engineer are java, python, and software development.
| Quantitative Analyst | Software Engineer | |
| Yearly salary | $101,197 | $100,260 |
| Hourly rate | $48.65 | $48.20 |
| Growth rate | 9% | 21% |
| Number of jobs | 48,644 | 339,938 |
| Job satisfaction | - | 3.5 |
| Most common degree | Bachelor's Degree, 53% | Bachelor's Degree, 73% |
| Average age | 40 | 39 |
| 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 software engineer is a computer science professional who is responsible for the development of information systems, designing and building computer systems software and applications software. They often prefer to call themselves as a software developer or computer programmer. They have substantial knowledge of programming languages, software development, and computer operating systems, and other technologies. They use these to turn a plan into a final output. They can create a design, test, and develop software based on the needs of their clients.
Quantitative analysts and software engineers have different pay scales, as shown below.
| Quantitative Analyst | Software Engineer | |
| Average salary | $101,197 | $100,260 |
| Salary range | Between $68,000 And $148,000 | Between $73,000 And $136,000 |
| Highest paying City | New York, NY | San Bruno, CA |
| Highest paying state | New York | California |
| Best paying company | The Citadel | The Citadel |
| Best paying industry | Technology | Start-up |
There are a few differences between a quantitative analyst and a software engineer in terms of educational background:
| Quantitative Analyst | Software Engineer | |
| Most common degree | Bachelor's Degree, 53% | Bachelor's Degree, 73% |
| Most common major | Finance | Computer Science |
| Most common college | University of Notre Dame | Harvard University |
Here are the differences between quantitative analysts' and software engineers' demographics:
| Quantitative Analyst | Software Engineer | |
| Average age | 40 | 39 |
| Gender ratio | Male, 79.5% Female, 20.5% | Male, 78.0% Female, 22.0% |
| 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, 4.4% Unknown, 4.8% Hispanic or Latino, 8.1% Asian, 34.0% White, 48.5% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 7% | 8% |