What does a Quantitative Analyst do?

Quantitative analysts use quantitative methods that help companies to make sound business and financial decisions. They work for various financial institutions including investment banks, hedge funds, asset managers, and private equity firms. They are hired to identify profitable investment opportunities while simultaneously managing risk. Quantitative analysts are the creators of computer algorithms that assist with 21st century markets through electronic trading from numerical algorithms.

Quantitative analysts program algorithms that are speedy and efficient enough to help locate the finest trades for the best price ahead of competitors. Outside of banking, quantitative analysts might work in the insurance field to develop pricing models and develop risk evaluation strategies. Quantitative analysts need fluency in numbers and a master's degree in quantitative finance, financial engineering, or a related quantitative field including physics, statistics, or math. Senior-level positions may require a Ph.D.

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Average Years of Experience

0 - 1
18%
2 - 4
42%
5 - 7
22%
8+
18%

Common Skill Sets

Python MATLAB
Statistics
PHD
Derivatives
AdvancED EXCEL
VBA
Programming Languages
AML

Quantitative Analyst Seniority Levels

Trader
15% made the transition
Quantitative Developer
15% made the transition
See Career Path

Quantitative Analyst Salaries

Glassdoor Estimated Salary

Quantitative Analyst jobs