Financial Quantitative Analysts
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.
Financial Quantitative Analysts
Salary, Job Description, How To Become One, and More
In this career summary, you will find out what the job of a Financial Quantitative Analyst is about and what it is like.
After reading this, you will have a good idea on what the job is about and decide if this is the right career for you.
Financial Quantitative Analysts 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.
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Financial Quantitative Analysts with little to no experience tend to make between $38030 and $51100 while the more experienced ones can earn over $94580 per year.
|Top 5 paying states||Hourly||Annual|
One of the easiest ways to increase your salary as a Financial Quantitative Analyst is to move to a higher paying state like DC. Right now, the highest paying states for Financial Quantitative Analysts are DC, NY, IL, MA and VA.
However a higher pay at DC doesn’t guarantee that you will make more because the living expenses at DC might be twice as high than where you are currently at now.
Three other factors that can increase your salary as a Financial Quantitative Analyst is the degree you hold, the industry you work in and lastly the company you work for.
We asked other Financial Quantitative Analysts what degree they had when they got the job and most of them said they had a Master’s Degree followed by a Bachelor’s Degree.
Other than that, we also asked them what did they major in and here are the most popular majors that came up.
Pros and Cons
Here are some of the pros and cons of being a Financial Quantitative Analyst.
|Suitable for people who likes to solve problems mentally|
|Suitable for people who wants independence and likes to work on their own and make decisions|
|It is easy to get into this career. Some previous work-related skill, knowledge, or experience is required to get started.|
|Very good salary|
|Not suitable for people who likes to help and teach others|
What is the job like
70% of Financial Quantitative Analysts said they were satisfied with their job and 47% said they feel like their job is making other people’s lives better.
Is this right for me
You can read more about these career personality types here.
People who are suitable for this job tends to like working with ideas, and require an extensive amount of thinking. They like searching for facts and figuring out problems mentally..
They also like following set procedures and routines. They like working with data and details more than with ideas.
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