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Salary and Benefits

Quantitative Analyst
$68K-$83K / yr. (est.)
$68K
$75,789 / year
$83K
Average base salary
The salary information provided is based on data collected from various reliable sources and may vary depending on individual qualifications and other factors.

About Quantitative Analyst

What does a Quantitative Analyst do?

As Quantitative Analysts, we provide advice and counsel related to the technology or operations of the business. We develop analytics libraries used for pricing and risk management. It is our responsibility to create and support quantitative models for the trading business. We develop pricing models using numerical techniques for valuation. We collaborate with Traders, Structures, and technology professionals. To ensure appropriate governance and control infrastructure, we work in close partnership with control functions. We assess risk transactions when making business decisions. We adhere to all policies and procedures. maintain all registrations and licenses

Core tasks:

  • assess risk during business decisions
  • demonstrate particular consideration for the firm's reputation
  • drive compliance with applicable laws, rules, and regulations
  • escalate and reporting control issues with transparency
  • apply quantitative methods to improve business performance
  • measure and track portfolio risks and returns
  • track assets and advise traders
  • develop strategies to mitigate financial risks
  • evaluate performance of assets

Insights

How Many Years of Experience Do Professionals Need Before Becoming Quantitative Analyst?
On average, people work 3-5 years in other positions prior to becoming a Quantitative Analyst.
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StatisticianLos Angeles, CA - A year ago
I agree that experience matters, but it's not the only path to becoming a successful Quantitative Analyst. Everyone has their own unique journey. 🌟
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ActuaryBoston, MA - A year ago
🤔 I wonder if the required 3-5 years in other positions could be shortened if you have relevant educational background and certifications in the field. Any thoughts?
How Long Do Quantitative Analyst Employees Typically Stay in Their Roles?
On average, Quantitative Analysts works in this position for 1-3 years across multiple employers.
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ChefMiami, FL - A year ago
Hah! I've spent years perfecting my skills in the kitchen. 1-3 years is just the beginning!
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Software EngineerSeattle, WA - A year ago
LOL, 1-3 years? I've been coding since I was a kid! That's just the growing pains of this industry. 😜
What Is the Job Hopper Score for Quantitative Analyst Employees?
Moderate job changes in Quantitative Analyst, showing some career movement without excessive turnover.
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HR ManagerHouston, TX - A year ago
🤔 Interesting. As an HR professional, I always advise candidates to demonstrate steady career progression rather than job-hopping. But maybe it varies across industries.
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Marketing SpecialistLos Angeles, CA - A year ago
sounds lIKe yOu'RE aDvoCAting playIng 'HoLd My bEer,' wHICh Is cONcernInG aroUND stAbIlITy 🙄 it'S imPOrtAnT to fINd yOUr cALLINg aNd stIck wITH It!

Career path

Path to job

Discover a Quantitative Analyst's areas of knowledge sorted by their majors.
Explore the list of higher education institutions that a Quantitative Analyst typically studied at.
Carnegie Mellon University
Columbia University in the City of New York

Path after job

Community

Demographics

What Is the Age and Gender Ratio of Quantitative Analyst Employees?
Gender ratio in Quantitative Analyst position: 0.757161080830338 Male and 0.242838919169663 Female. Age ratio in Quantitative Analyst position: 16-20: 2%, 21-30: 75%, 31-40: 19%, 41-50: 3%, 51-60: 1%, 60+: 0%. Quantitative Analyst position is predominantly male (75.7%) with the largest age group being 21-30 years old, followed by 31-40 years old.
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Quantitative AnalystPhiladelphia, PA - A year ago
🙄 This age distribution is baffling. I thought experience would be valued more, given the nature of this job. Guess not!
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Quantitative AnalystSan Francisco, CA - A year ago
Interesting how the data reflects the tech-run culture. We need to create more inclusive pipelines to encourage diversity!

Workplaces

Who Are the Top Employers for Quantitative Analyst?
Top employers of Quantitative Analyst position: Bank of America, Bank of America Merrill Lynch, Citi. People who work in Quantitative Analyst position most typically go on to work for the Bank of America.
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Quantitative AnalystWashington, D.C. - A year ago
Bank of America is the most prestigious and highly regarded name among the top employers. The opportunities they provide are unmatched.
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Quantitative AnalystHouston, TX - A year ago
Who cares about the top employers? I believe smaller firms can provide more growth and better work-life balance for Quantitative Analysts.
Bank of America
Bank of America Merrill Lynch
Citi
What Industries Does Quantitative Analyst Typically Have Experience In?
Industry Background: The most typical industries of Quantitative Analyst: Finance & Insurance, Information Technology, Professional / Scientific / Technical, Utilities, Administrative & Support. Quantitative Analyst employees most likely come from a Finance & Insurance industry background.
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Quantitative AnalystMiami, FL - A year ago
😡 Seriously, forget about programming! What about the inherent risk within our financial models and the impact they can have on the economy? My worry is that we rely too heavily on these models.
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Quantitative AnalystSan Francisco, CA - A year ago
🙄 Oh please! Programming skills contribute to our ability to minimize risk. Furthermore, we constantly validate and refine our models to ensure their accuracy and reliability.

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Discussion about Quantitative Analyst

Want to know more about Quantitative Analyst position?
Share your thoughts and ideas about Quantitative Analyst position with others in our community.
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What is the women/men ratio in the job of Quantitative Analyst?
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Benjamin Gardner3 years ago
Mostly men choose this job, but women also choose this.
What is the most common age of a Quantitative Analyst?
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Benjamin Gardner3 years ago
The typical age is 28 for a Quantitative Analyst.
How many years of experience do you usually have as a Quantitative Analyst?
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Isabella Holmes3 years ago
You need 4 years of experience to work as a Quantitative Analyst.
Which industries have a lot of people working in Quantitative Analyst roles?
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Benjamin Gardner3 years ago
Finance & Insurance is typical for a Quantitative Analyst to work in.
Speaking of higher education, do I need a degree as a Quantitative Analyst?
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Liam Brown3 years ago
As a Quantitative Analyst you’ll probably need Master of Science degree
As a Quantitative Analyst, which company should I definitely check out for jobs?
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Liam Brown3 years ago
Bank of America, Bank of America Merrill Lynch, Citi, Google and PNC employs the most people in the Quantitative Analyst role.
How many years do people work as a Quantitative Analyst before changing their role?
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Isabella Holmes3 years ago
A Quantitative Analyst typically changes positions after 2 years.
How likely is it for people working as a Quantitative Analyst to switch companies still working as a Quantitative Analyst?
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Liam Brown3 years ago
A typical Quantitative Analyst might work for one or two companies.
From which job titles people come from to work as a Quantitative Analyst?
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Isabella Holmes3 years ago
You have a good chance of becoming a Quantitative Analyst if you are working as Analyst, Research Assistant or Financial Analyst
What can be the next step in your career path from Quantitative Analyst?
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Benjamin Gardner3 years ago
Vice President, Data Scientist or Analyst are good next steps for a Quantitative Analyst
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Disclaimer

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