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Quantitative Analyst

Quantitative Analyst is a financial industry professional whose qualifications also include advanced mathematics and computer skills. Its position as a quantitative analyst is financially lucrative and intellectually stimulating.

Quantitative financial analysts work in all kinds of firms in the securities industry, including commercial banks, investment banks, wealth management firms and hedge funds.

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Anyone develops and implements complex models used by firms to make financial and business decisions about issues such as investments, pricing and so on.

Quantitative Analyst Salaries in the countries

  • The average Quantitative Analyst salary in the United States is approximately $127,601per year.
  • The average Quantitative Analyst Salaries in Bangalore is 707,867
  • The average Quantitative Analyst Salaries in London, UK is £65,975
  • The average Quantitative Analyst Salaries in New York City, NY, US is $126,267
  • The average Quantitative Analyst Salaries in Texas is $107,820
  • The average Quantitative Analyst Salaries in Mumbai is 707,867
  • The average Quantitative Analyst Salaries in Pennsylvania is $107,820
  • The average Quantitative Analyst Salaries in San Francisco, CA, US is $108,119
  • The average Quantitative Analyst Salaries in Ann Arbor, MI, US is $85,410

Skills

A quantitative analyst, first and foremost, must be an expert with numbers. This is not a career for those who struggle with math. Even slightly above-average quantitative skills are probably insufficient to really shine in this profession, quantitative analysis is a career in math whizzes.

Quantitative Analyst Responsibilities

Responsibilities will differ according to the employer, product focus, and level of expertise. A quant may be required to:

  • Research and analyze market trends and statistics to make modeling decisions
  • Develop and implement complex quantitative models and analytical software/tools
  • Perform daily statistical analyses and coding tasks
  • Detail model specifications and methods of data collection
  • Test new models, products and analytics programs
  • Maintain and modify analytical models while in use
  • Apply or invent independent tools to verify results
  • Collaborate with teams of mathematicians, computer engineers, and physicists to develop optimal strategies
  • Consult with financial industry personnel on trading strategies, market dynamics, trading system performance, etc.
  • Generate requirement documentation for software developers
  • Present and interpret data results to senior management and clients

How to Become a Quantitative Analyst

Quantitative analysts often come from applied mathematics. Quantitative analysis is a major source of employment for people with mathematics and physics Ph.D. degrees or with financial mathematics DEA degrees in the French education system. Typically, a quantitative analyst will also need extensive skills in computer programming, most commonly C, C++, Java, R, MATLAB, Mathematics, and Python.

Quantitative Analyst jobs Description

  • Reporting Analyst
  • Analyst – Financial Market Advisory – Markets
  • Analyst- Packaging Engineer
  • Junior Research Analyst – Public and Social Sector
  • Research Analyst
  • Equity Research Analyst
  • Research Associate/ Analyst
  • Research Associate
  • Analyst- PMA
  • Analyst- GMC