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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.
- Assess the potential impact of climate change on business financial issues, such as damage repairs, insurance costs, or potential disruptions of daily activities.
- Analyze pricing or risks of carbon trading products.
- Confer with other financial engineers or analysts on trading strategies, market dynamics, or trading system performance to inform development of quantitative techniques.
- Research new financial products or analytics to determine their usefulness.
- Identify, track, or maintain metrics for trading system operations.
- Develop methods of assessing or measuring corporate performance in terms of environmental, social, and governance (ESG) issues.
- Collaborate with product development teams to research, model, validate, or implement quantitative structured solutions for new or expanded markets.
- Develop core analytical capabilities or model libraries, using advanced statistical, quantitative, or econometric techniques.
- Research or develop analytical tools to address issues such as portfolio construction or optimization, performance measurement, attribution, profit and loss measurement, or pricing models.
- Devise or apply independent models or tools to help verify results of analytical systems.
- Define or recommend model specifications or data collection methods.
- Provide application or analytical support to researchers or traders on issues such as valuations or data.
- Maintain or modify all financial analytic models in use.
- Develop solutions to help clients hedge carbon exposure or risk.
- Develop tools to assess green technologies or green financial products, such as green hedge funds or social responsibility investment funds.
- Collaborate in the development or testing of new analytical software to ensure compliance with user requirements, specifications, or scope.
- Consult traders or other financial industry personnel to determine the need for new or improved analytical applications.
- Prepare requirements documentation for use by software developers.
- Produce written summary reports of financial research results.
- Interpret results of financial analysis procedures.
Subject areas you may need to master.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- Telecommunications - Knowledge of transmission, broadcasting, switching, control, and operation of telecommunications systems.
- Computers and Electronics - Knowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming.
- Design - Knowledge of design techniques, tools, and principles involved in production of precision technical plans, blueprints, drawings, and models.
- Mechanical - Knowledge of machines and tools, including their designs, uses, repair, and maintenance.
- 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.
- History and Archeology - Knowledge of historical events and their causes, indicators, and effects on civilizations and cultures.
- 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.
- 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.
- 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.
- Economics and Accounting - Knowledge of economic and accounting principles and practices, the financial markets, banking, and the analysis and reporting of financial data.
- 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.
- 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.
Strengths you may need in this role.
- Active Listening - Listening to others, not interrupting, and asking good questions.
- Active Learning - Figuring out how to use new ideas or things.
- Equipment Selection - Deciding what kind of tools and equipment are needed to do a job.
- Troubleshooting - Figuring out what is causing equipment, machines, wiring, or computer programs to not work.
- Science - Using scientific rules and strategies to solve problems.
- Operation and Control - Using equipment or systems.
- Monitoring - Keeping track of how well people and/or groups are doing in order to make improvements.
- Programming - Writing computer programs.
- Persuasion - Talking people into changing their minds or their behavior.
- Instructing - Teaching people how to do something.
- Installation - Installing equipment, machines, wiring, or computer programs.
- Repairing - Repairing machines or systems using the right tools.
- Mathematics - Using math to solve problems.
- Social Perceptiveness - Understanding people's reactions.
- 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.
- Negotiation - Bringing people together to solve differences.
- Speaking - Talking to others.
- Quality Control Analysis - Testing how well a product or service works.
- Reading Comprehension - Reading work-related information.
- Critical Thinking - Thinking about the pros and cons of different ways to solve a problem.
- Equipment Maintenance - Planning and doing the basic maintenance on equipment.
- Coordination - Changing what is done based on other people's actions.
- 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.
- Management of Financial Resources - Making spending decisions and keeping track of what is spent.
- Technology Design - Making equipment and technology useful for customers.
- Complex Problem Solving - Noticing a problem and figuring out the best way to solve it.
- Operations Monitoring - Watching gauges, dials, or display screens to make sure a machine is working.
- Management of Personnel Resources - Selecting and managing the best workers for a job.
- Management of Material Resources - Managing equipment and materials.
- Service Orientation - Looking for ways to help people.
- Writing - Writing things for co-workers or customers.
- Learning Strategies - Using the best training or teaching strategies for learning new things.
- Operations Analysis - Figuring out what a product or service needs to be able to do.
- Category Flexibility - Grouping things in different ways.
- Mathematical Reasoning - Choosing the right type of math to solve a problem.
- Number Facility - Adding, subtracting, multiplying, or dividing.
- Memorization - Remembering words, numbers, pictures, or steps.
- Speed of Closure - Quickly knowing what you are looking at.
- Reaction Time - Quickly moving your hand, finger, or foot based on a sound, light, picture or other command.
- Dynamic Strength - Exercising for a long time without your muscles getting tired.
- Visual Color Discrimination - Noticing the difference between colors, including shades and brightness.
- Glare Sensitivity - Seeing something even if there is a glare or very bright light.
- Stamina - Exercising for a long time without getting out of breath.
- Near Vision - Seeing details up close.
- Depth Perception - Deciding which thing is closer or farther away from you, or deciding how far away it is from you.
- Oral Comprehension - Listening and understanding what people say.
- Inductive Reasoning - Making general rules or coming up with answers from lots of detailed information.
- Oral Expression - Communicating by speaking.
- Speech Clarity - Speaking clearly.
- Written Expression - Communicating by writing.
- Flexibility of Closure - Seeing hidden patterns.
- Arm-Hand Steadiness - Keeping your arm or hand steady.
- Spatial Orientation - Knowing where things are around you.
- Visualization - Imagining how something will look after it is moved around or changed.
- Manual Dexterity - Holding or moving items with your hands.
- Information Ordering - Ordering or arranging things.
- Response Orientation - Quickly deciding if you should move your hand, foot, or other body part.
- Finger Dexterity - Putting together small parts with your fingers.
- Multilimb Coordination - Using your arms and/or legs together while sitting, standing, or lying down.
- Auditory Attention - Paying attention to one sound while there are other distracting sounds.
- Static Strength - Lifting, pushing, pulling, or carrying.
- Far Vision - Seeing details that are far away.
- Speed of Limb Movement - Quickly moving your arms and legs.
- Originality - Creating new and original ideas.
- Written Comprehension - Reading and understanding what is written.
- Problem Sensitivity - Noticing when problems happen.
- Deductive Reasoning - Using rules to solve problems.
- Fluency of Ideas - Coming up with lots of ideas.
- Wrist-Finger Speed - Making fast, simple, repeated movements of your fingers, hands, and wrists.
- Trunk Strength - Using your lower back and stomach.
- Rate Control - Changing when and how fast you move based on how something else is moving.
- Dynamic Flexibility - Quickly and repeatedly bending, stretching, twisting, or reaching out with your body, arms, and/or legs.
- Hearing Sensitivity - Telling the difference between sounds.
- 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.
- Peripheral Vision - Seeing something to your side when your are looking ahead.
- Sound Localization - Noticing the direction that a sound came from.
- Gross Body Coordination - Moving your arms, legs, and mid-section together while your whole body is moving.
- Night Vision - Seeing at night or under low light.
- Explosive Strength - Jumping, sprinting, or throwing something.
- Speech Recognition - Recognizing spoken words.
- Time Sharing - Doing two or more things at the same time.
- Selective Attention - Paying attention to something without being distracted.
- Extent Flexibility - Bending, stretching, twisting, or reaching with your body, arms, and/or legs.
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")