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.
Also Known As:
Investment Portfolio Control Consultant
Investment Strategist
Portfolio Manager
Quantitative Analyst
Quantitative Equity Analyst
Quantitative Research Analyst
Quantitative Strategy Analyst
Research Analyst
Wages
Annual wages for Financial Quantitative Analysts in United States
Job Outlook
Average
New job opportunities are likely in the future
United States
2034 Projected Employment
141,400
3% Change From 2024
Explore Financial Quantitative Analysts video
Tasks you might complete in a day.
- Apply mathematical or statistical techniques to address practical issues in finance, such as derivative valuation, securities trading, risk management, or financial market regulation.
- Devise or apply independent models or tools to help verify results of analytical systems.
- Develop core analytical capabilities or model libraries, using advanced statistical, quantitative, or econometric techniques.
- Research new financial products or analytics to determine their usefulness.
- Analyze pricing or risks of carbon trading products.
- Collaborate with product development teams to research, model, validate, or implement quantitative structured solutions for new or expanded markets.
- Develop methods of assessing or measuring corporate performance in terms of environmental, social, and governance (ESG) issues.
- Research or develop analytical tools to address issues such as portfolio construction or optimization, performance measurement, attribution, profit and loss measurement, or pricing models.
- Define or recommend model specifications or data collection methods.
- Confer with other financial engineers or analysts on trading strategies, market dynamics, or trading system performance to inform development of quantitative techniques.
- Identify, track, or maintain metrics for trading system operations.
- Assess the potential impact of climate change on business financial issues, such as damage repairs, insurance costs, or potential disruptions of daily activities.
- Provide application or analytical support to researchers or traders on issues such as valuations or data.
- Collaborate in the development or testing of new analytical software to ensure compliance with user requirements, specifications, or scope.
- Maintain or modify all financial analytic models in use.
- Develop tools to assess green technologies or green financial products, such as green hedge funds or social responsibility investment funds.
- Develop solutions to help clients hedge carbon exposure or risk.
- Consult traders or other financial industry personnel to determine the need for new or improved analytical applications.
- Produce written summary reports of financial research results.
- Interpret results of financial analysis procedures.
- Prepare requirements documentation for use by software developers.
Subject areas you may need to master.
- 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.
- Biology - Knowledge of plant and animal organisms, their tissues, cells, functions, interdependencies, and interactions with each other and the environment.
- English Language - Knowledge of the structure and content of the English language including the meaning and spelling of words, and rules of composition and grammar.
- Production and Processing - Knowledge of raw materials, production processes, quality control, costs, and other techniques for maximizing the effective manufacture and distribution of goods.
- Medicine and Dentistry - Knowledge of the information and techniques needed to diagnose and treat human injuries, diseases, and deformities. This includes symptoms, treatment alternatives, drug properties and interactions, and preventive health-care measures.
- Geography - Knowledge of principles and methods for describing the features of land, sea, and air masses, including their physical characteristics, locations, interrelationships, and distribution of plant, animal, and human life.
- Therapy and Counseling - Knowledge of principles, methods, and procedures for diagnosis, treatment, and rehabilitation of physical and mental dysfunctions, and for career counseling and guidance.
- Building and Construction - Knowledge of materials, methods, and the tools involved in the construction or repair of houses, buildings, or other structures such as highways and roads.
- Fine Arts - Knowledge of the theory and techniques required to compose, produce, and perform works of music, dance, visual arts, drama, and sculpture.
- Administration and Management - Knowledge of business and management principles involved in strategic planning, resource allocation, human resources modeling, leadership technique, production methods, and coordination of people and resources.
- Administrative - Knowledge of administrative and office procedures and systems such as word processing, managing files and records, stenography and transcription, designing forms, and workplace terminology.
- Mechanical - Knowledge of machines and tools, including their designs, uses, repair, and maintenance.
- Food Production - Knowledge of techniques and equipment for planting, growing, and harvesting food products (both plant and animal) for consumption, including storage/handling techniques.
- Physics - Knowledge and prediction of physical principles, laws, their interrelationships, and applications to understanding fluid, material, and atmospheric dynamics, and mechanical, electrical, atomic and sub-atomic structures and processes.
- Public Safety and Security - Knowledge of relevant equipment, policies, procedures, and strategies to promote effective local, state, or national security operations for the protection of people, data, property, and institutions.
- Customer and Personal Service - Knowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction.
- Sociology and Anthropology - Knowledge of group behavior and dynamics, societal trends and influences, human migrations, ethnicity, cultures, and their history and origins.
- Transportation - Knowledge of principles and methods for moving people or goods by air, rail, sea, or road, including the relative costs and benefits.
- Computers and Electronics - Knowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming.
- Education and Training - Knowledge of principles and methods for curriculum and training design, teaching and instruction for individuals and groups, and the measurement of training effects.
- Law and Government - Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process.
- Telecommunications - Knowledge of transmission, broadcasting, switching, control, and operation of telecommunications systems.
- Design - Knowledge of design techniques, tools, and principles involved in production of precision technical plans, blueprints, drawings, and models.
- Psychology - Knowledge of human behavior and performance; individual differences in ability, personality, and interests; learning and motivation; psychological research methods; and the assessment and treatment of behavioral and affective disorders.
- Communications and Media - Knowledge of media production, communication, and dissemination techniques and methods. This includes alternative ways to inform and entertain via written, oral, and visual media.
- Sales and Marketing - Knowledge of principles and methods for showing, promoting, and selling products or services. This includes marketing strategy and tactics, product demonstration, sales techniques, and sales control systems.
- Foreign Language - Knowledge of the structure and content of a foreign (non-English) language including the meaning and spelling of words, rules of composition and grammar, and pronunciation.
- Economics and Accounting - Knowledge of economic and accounting principles and practices, the financial markets, banking, and the analysis and reporting of financial data.
- Mathematics - Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
- Philosophy and Theology - Knowledge of different philosophical systems and religions. This includes their basic principles, values, ethics, ways of thinking, customs, practices, and their impact on human culture.
- Personnel and Human Resources - Knowledge of principles and procedures for personnel recruitment, selection, training, compensation and benefits, labor relations and negotiation, and personnel information systems.
- History and Archeology - Knowledge of historical events and their causes, indicators, and effects on civilizations and cultures.
- Chemistry - Knowledge of the chemical composition, structure, and properties of substances and of the chemical processes and transformations that they undergo. This includes uses of chemicals and their interactions, danger signs, production techniques, and disposal methods.
Strengths you may need in this role.
- Active Learning - Figuring out how to use new ideas or things.
- Instructing - Teaching people how to do something.
- Programming - Writing computer programs.
- Social Perceptiveness - Understanding people's reactions.
- Active Listening - Listening to others, not interrupting, and asking good questions.
- Monitoring - Keeping track of how well people and/or groups are doing in order to make improvements.
- Operation and Control - Using equipment or systems.
- Mathematics - Using math to solve problems.
- Persuasion - Talking people into changing their minds or their behavior.
- Equipment Selection - Deciding what kind of tools and equipment are needed to do a job.
- Repairing - Repairing machines or systems using the right tools.
- Judgment and Decision Making - Thinking about the pros and cons of different options and picking the best one.
- Systems Evaluation - Measuring how well a system is working and how to improve it.
- Science - Using scientific rules and strategies to solve problems.
- Installation - Installing equipment, machines, wiring, or computer programs.
- Troubleshooting - Figuring out what is causing equipment, machines, wiring, or computer programs to not work.
- Critical Thinking - Thinking about the pros and cons of different ways to solve a problem.
- Reading Comprehension - Reading work-related information.
- Equipment Maintenance - Planning and doing the basic maintenance on equipment.
- Quality Control Analysis - Testing how well a product or service works.
- Systems Analysis - Figuring out how a system should work and how changes in the future will affect it.
- Time Management - Managing your time and the time of other people.
- Negotiation - Bringing people together to solve differences.
- Speaking - Talking to others.
- Coordination - Changing what is done based on other people's actions.
- Writing - Writing things for co-workers or customers.
- Operations Analysis - Figuring out what a product or service needs to be able to do.
- Management of Financial Resources - Making spending decisions and keeping track of what is spent.
- Complex Problem Solving - Noticing a problem and figuring out the best way to solve it.
- Management of Material Resources - Managing equipment and materials.
- Management of Personnel Resources - Selecting and managing the best workers for a job.
- Learning Strategies - Using the best training or teaching strategies for learning new things.
- Service Orientation - Looking for ways to help people.
- Operations Monitoring - Watching gauges, dials, or display screens to make sure a machine is working.
- Technology Design - Making equipment and technology useful for customers.
- Oral Expression - Communicating by speaking.
- Written Expression - Communicating by writing.
- Flexibility of Closure - Seeing hidden patterns.
- Mathematical Reasoning - Choosing the right type of math to solve a problem.
- Memorization - Remembering words, numbers, pictures, or steps.
- Depth Perception - Deciding which thing is closer or farther away from you, or deciding how far away it is from you.
- Glare Sensitivity - Seeing something even if there is a glare or very bright light.
- Speech Clarity - Speaking clearly.
- Oral Comprehension - Listening and understanding what people say.
- Inductive Reasoning - Making general rules or coming up with answers from lots of detailed information.
- Speed of Closure - Quickly knowing what you are looking at.
- Number Facility - Adding, subtracting, multiplying, or dividing.
- Category Flexibility - Grouping things in different ways.
- Dynamic Strength - Exercising for a long time without your muscles getting tired.
- Stamina - Exercising for a long time without getting out of breath.
- Visual Color Discrimination - Noticing the difference between colors, including shades and brightness.
- Reaction Time - Quickly moving your hand, finger, or foot based on a sound, light, picture or other command.
- Near Vision - Seeing details up close.
- Fluency of Ideas - Coming up with lots of ideas.
- Written Comprehension - Reading and understanding what is written.
- Problem Sensitivity - Noticing when problems happen.
- Manual Dexterity - Holding or moving items with your hands.
- Arm-Hand Steadiness - Keeping your arm or hand steady.
- Spatial Orientation - Knowing where things are around you.
- Static Strength - Lifting, pushing, pulling, or carrying.
- Hearing Sensitivity - Telling the difference between sounds.
- Rate Control - Changing when and how fast you move based on how something else is moving.
- Speed of Limb Movement - Quickly moving your arms and legs.
- Deductive Reasoning - Using rules to solve problems.
- Originality - Creating new and original ideas.
- Information Ordering - Ordering or arranging things.
- Finger Dexterity - Putting together small parts with your fingers.
- Response Orientation - Quickly deciding if you should move your hand, foot, or other body part.
- Visualization - Imagining how something will look after it is moved around or changed.
- Multilimb Coordination - Using your arms and/or legs together while sitting, standing, or lying down.
- Far Vision - Seeing details that are far away.
- Trunk Strength - Using your lower back and stomach.
- Wrist-Finger Speed - Making fast, simple, repeated movements of your fingers, hands, and wrists.
- Dynamic Flexibility - Quickly and repeatedly bending, stretching, twisting, or reaching out with your body, arms, and/or legs.
- Auditory Attention - Paying attention to one sound while there are other distracting sounds.
- Night Vision - Seeing at night or under low light.
- Gross Body Coordination - Moving your arms, legs, and mid-section together while your whole body is moving.
- Selective Attention - Paying attention to something without being distracted.
- Time Sharing - Doing two or more things at the same time.
- Control Precision - Quickly changing the controls of a machine, car, truck or boat.
- Perceptual Speed - Quickly comparing groups of letters, numbers, pictures, or other things.
- Gross Body Equilibrium - Keeping your balance or staying upright.
- Sound Localization - Noticing the direction that a sound came from.
- Speech Recognition - Recognizing spoken words.
- Extent Flexibility - Bending, stretching, twisting, or reaching with your body, arms, and/or legs.
- Peripheral Vision - Seeing something to your side when your are looking ahead.
- Explosive Strength - Jumping, sprinting, or throwing something.
Average Education Attained
Highest level of education earned by people in this career.
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Content sourced from United States Department of Labor Employment and Training Administration ("DOLETA") and the Minnesota Department of Employment & Economic Development ("DEED")