Financial Quantitative Analysts

$70.28K Median Salary 13.1K Job Openings (Annual Projection) 9.6% Job Growth

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About This Career

Develop quantitative financial products used to inform individuals or financial institutions engaged in saving, lending, investing, borrowing, or managing risk. Investigate methods for financial analysis to create mathematical models used to develop improved analytical tools or advanced financial investment instruments.

Reported Job Titles

Applied Research Director, Global Analytics Head, Global Credit Quantitative Analysis Head, Investment Strategist, Portfolio Manager, Quantitative Analyst, Quantitative Equity Head, Quantitative Research Analyst, Quantitative Strategy Analyst, Research Analyst

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Skills You'll Need

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Abilities

Mathematical Reasoning: The ability to choose the right mathematical methods or formulas to solve a problem.
Number Facility: The ability to add, subtract, multiply, or divide quickly and correctly.
Deductive Reasoning: The ability to apply general rules to specific problems to produce answers that make sense.
Inductive Reasoning: The ability to combine pieces of information to form general rules or conclusions (includes finding a relationship among seemingly unrelated events).
Oral Comprehension: The ability to listen to and understand information and ideas presented through spoken words and sentences.
Written Comprehension: The ability to read and understand information and ideas presented in writing.
Oral Expression: The ability to communicate information and ideas in speaking so others will understand.
Information Ordering: The ability to arrange things or actions in a certain order or pattern according to a specific rule or set of rules (e.g., patterns of numbers, letters, words, pictures, mathematical operations).
Problem Sensitivity: The ability to tell when something is wrong or is likely to go wrong. It does not involve solving the problem, only recognizing there is a problem.
Speech Recognition: The ability to identify and understand the speech of another person.
Fluency of Ideas: The ability to come up with a number of ideas about a topic (the number of ideas is important, not their quality, correctness, or creativity).
Speech Clarity: The ability to speak clearly so others can understand you.
Written Expression: The ability to communicate information and ideas in writing so others will understand.
Near Vision: The ability to see details at close range (within a few feet of the observer).
Category Flexibility: The ability to generate or use different sets of rules for combining or grouping things in different ways.
Originality: The ability to come up with unusual or clever ideas about a given topic or situation, or to develop creative ways to solve a problem.
Selective Attention: The ability to concentrate on a task over a period of time without being distracted.

Knowledge

Mathematics: Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
Computers and Electronics: Knowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming.
Economics and Accounting: Knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data.
English Language: Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
Engineering and Technology: Knowledge of the practical application of engineering science and technology. This includes applying principles, techniques, procedures, and equipment to the design and production of various goods and services.

Skills

Mathematics: Using mathematics to solve problems.
Critical Thinking: Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
Reading Comprehension: Understanding written sentences and paragraphs in work related documents.
Complex Problem Solving: Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions.
Active Listening: Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
Speaking: Talking to others to convey information effectively.
Judgment and Decision Making: Considering the relative costs and benefits of potential actions to choose the most appropriate one.
Active Learning: Understanding the implications of new information for both current and future problem-solving and decision-making.
Writing: Communicating effectively in writing as appropriate for the needs of the audience.
Persuasion: Persuading others to change their minds or behavior.
Systems Analysis: Determining how a system should work and how changes in conditions, operations, and the environment will affect outcomes.
Systems Evaluation: Identifying measures or indicators of system performance and the actions needed to improve or correct performance, relative to the goals of the system.
Coordination: Adjusting actions in relation to others' actions.
Instructing: Teaching others how to do something.
Learning Strategies: Selecting and using training/instructional methods and procedures appropriate for the situation when learning or teaching new things.
Monitoring: Monitoring/Assessing performance of yourself, other individuals, or organizations to make improvements or take corrective action.
Social Perceptiveness: Being aware of others' reactions and understanding why they react as they do.
Time Management: Managing one's own time and the time of others.

Technology Skills

Object or component oriented development software: Python; R
Analytical or scientific software: Computer modeling software; HATPRO; SAS; Statistical software
Enterprise resource planning ERP software: Oracle PeopleSoft
Data base user interface and query software: Data entry software; Database management software; Microsoft Access; Relational database software
Development environment software: Adobe Systems Adobe Creative Suite
Operating system software: Apple macOS; Microsoft operating system; Microsoft Windows
Spreadsheet software: IBM Lotus 1-2-3; Microsoft Excel
Graphics or photo imaging software: Microsoft Visio
Office suite software: Corel WordPerfect; Microsoft Office
Data base management system software: Microsoft SQL Server
Financial analysis software: Delphi Technology
Business intelligence and data analysis software: Tableau
Internet browser software: Web browser software
Presentation software: Microsoft PowerPoint
Data mining software: Google Analytics
Web platform development software: Microsoft Active Server Pages ASP

Tools

Photocopiers: Copy machines
Scanners: Computer data input scanners
Mainframe computers:
Notebook computers:
Desktop computers:
Special purpose telephones: Multi-line telephone systems
Personal computers:

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