Financial Quantitative Analysts
Develop quantitative techniques to inform securities investing, equities investing, pricing, or valuation of financial instruments. Develop mathematical or statistical models for risk management, asset optimization, pricing, or relative value analysis.
Common Job Titles
- Investment Strategist
- Portfolio Manager
- Quantitative Analyst
- Quantitative Equity Analyst
What You'll Need to Succeed
AI-generatedKey competencies for this occupation at a glance
- KnowledgeCreate mathematical and statistical models for risk management, asset optimization, and pricing of financial instruments using advanced quantitative techniques in securities and equities investing environments.Advanced
- KnowledgeDevelop algorithmic trading systems and automated valuation frameworks using Python, R, C++, and SQL within cloud-based computing environments.Advanced
- KnowledgeSynthesize economic theory, market microstructure knowledge, and computational methods to design innovative financial products and pricing strategies.Advanced
- KnowledgeAnalyze complex financial data sets and market information using statistical software and programming tools to identify patterns and trends.Proficient
- KnowledgeEvaluate quantitative models and trading strategies against market conditions and regulatory compliance standards, independently determining optimal investment approaches.Proficient
- KnowledgeInterpret complex quantitative analysis results and model outputs for investment decision-makers and non-technical stakeholders, translating technical findings into actionable insights.Proficient
- KnowledgeAssess portfolio risk exposures and hedging strategies using stochastic calculus and Monte Carlo simulation techniques under time-sensitive market conditions.Proficient
- KnowledgeApply machine learning algorithms and statistical inference methods to predict financial market behavior and optimize investment portfolios.Proficient
- MindsetIntegrate ethical considerations and fiduciary responsibilities with quantitative investment strategies when advising clients and developing trading algorithms that impact market integrity.Proficient
- Hands-onOperate specialized financial analytics platforms and data visualization tools including Bloomberg Professional, MATLAB, Tableau, and business intelligence software for real-time market analysis.Proficient
- MindsetEngage with cross-functional teams including traders, portfolio managers, and risk officers to communicate model assumptions, limitations, and recommendations effectively.Developing
Wage Data According to the Bureau of Labor Statistics
Annual wage data for Financial Quantitative Analysts (2024)
Estimated Total Employment (U.S.)
127,450
Wage Distribution by Percentile
Line chart of annual wages by percentile. U.S. is the solid line. 10th percentile: U.S. $46,420. 25th percentile: U.S. $60,140. 50th percentile: U.S. $80,190. 75th percentile: U.S. $109,120. 90th percentile: U.S. $151,780. Use the left and right arrow keys to move between percentiles.
- U.S.
| Metric | U.S. |
|---|---|
| 10% of workers earn the following or less | $46,420 |
| 10% of workers earn the following or more | $151,780 |
| Workers on average earn | $93,890 |
+ indicates wage is at or above the BLS reporting cap ($239,200/year)
Skills & Requirements
Key competencies for this occupation, ranked by importance
- Mathematics4.6/5
- Economics and Accounting4.2/5
- Computers and Electronics3.7/5
- English Language3.0/5
- Engineering and Technology2.7/5
Tools & Technology
Equipment and software commonly used in this occupation
In-Demand Technology
Frequently requested by employers in job postings
- Amazon Web Services AWS software
- Apache Hive
- C#
- C++
- IBM SPSS Statistics
- JavaScript
- Linux
- Microsoft Access
- Microsoft Azure software
- Microsoft Dynamics
- Microsoft Excel
- Microsoft Office software
- Microsoft Power BI
- Microsoft PowerPoint
- Microsoft SQL Server
- Microsoft Visio
- Microsoft Visual Basic
- Microsoft Visual Basic for Applications VBA
- Microsoft Visual Studio
- Oracle Java
- Perl
- Python
- R
- SAS
- Structured query language SQL
- Tableau
- The MathWorks MATLAB
- UNIX
Technology Skills
- Bloomberg Professional
- IBM Cognos Business Intelligence
- Insightful S-PLUS
- MicroStrategy
- MicroStrategy Desktop
- Oracle JD Edwards EnterpriseOne
- StataCorp Stata
- Web browser software
Tools & Equipment
- Computer data input scanners
- Desktop computers
- Laptop computers
- Mainframe computers
- Multi-line telephone systems
- Personal computers
- Photocopying equipment