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Financial Quantitative Analysts

Also called: Global Credit Quantitative Analysis Head, Investment Strategist, Portfolio Manager, Quantitative Analyst

Where in the military? In the military: see titles from the Air Force, Coast Guard, or Marine Corps.

What they do:
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.
On the job, you would:
  • Develop core analytical capabilities or model libraries, using advanced statistical, quantitative, or econometric techniques.
  • Provide application or analytical support to researchers or traders on issues such as valuations or data.
  • Research or develop analytical tools to address issues such as portfolio construction or optimization, performance measurement, attribution, profit and loss measurement, or pricing models.

Knowledge

Math and Science
  • arithmetic, algebra, geometry, calculus, or statistics
Engineering and Technology
  • computers and electronics
  • product and service development
Business
  • accounting and economics
Arts and Humanities
  • English language

Skills

Basic Skills
  • using math to solve problems
  • thinking about the pros and cons of different ways to solve a problem
Problem Solving
  • noticing a problem and figuring out the best way to solve it
People and Technology Systems
  • thinking about the pros and cons of different options and picking the best one
  • figuring out how a system should work and how changes in the future will affect it

Abilities

Math
  • choose the right type of math to solve a problem
  • add, subtract, multiply, or divide
Verbal
  • listen and understand what people say
  • read and understand what is written
Ideas and Logic
  • make general rules or come up with answers from lots of detailed information
  • use rules to solve problems

Personality

People interested in this work like activities that include ideas, thinking, and figuring things out.
They do well at jobs that need:
  • Analytical Thinking
  • Attention to Detail
  • Achievement/Effort
  • Dependability
  • Persistence
  • Integrity

Technology

You might use software like this on the job:

Object or component oriented development software
  • C++ Hot Technology
  • Python Hot Technology
Analytical or scientific software
  • SAS Hot Technology
  • StataCorp Stata Hot Technology
Data base user interface and query software
  • Microsoft Access Hot Technology
  • Structured query language SQL Hot Technology

Education

Education: (rated 5 of 5)
master's degree or
bachelor's degree
usually needed

Get started on your career:

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Job Outlook

Bright Outlook
New job opportunities are very likely in the future.
Salary
$69,470
per year, on average
Green
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See more details at O*NET OnLine about financial quantitative analysts.