Financial Quant Analysts: Know It All In 1 Minute
In this career summary, you will find out what the job of A Financial Quant 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.
- Analyze pricing or risks of carbon trading products.
- 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.
- Collaborate in the development or testing of new analytical software to ensure compliance with user requirements, specifications, or scope.
$72480 per year
$34.85 an hour
Financial Quant Analysts with little to no experience tend to make between $37360 and $49590 while the more experienced ones make over $88590 per year.
|Top 5 paying states||Hourly||Annual|
1 of the easiest ways to increase your salary as A Financial Quant Analyst is to move to a higher paying state like DC. Right now, the highest paying states for Financial Quant Analysts are DC, NY, VA, MA and PA.
However a higher pay at DC doesn’t guarantee that you will make more because the living expenses at DC might be 2x higher than where you are currently at now.
3 other factors that can increase your salary as A Financial Quant Analyst is the degree you hold, the industry you work in and lastly the company you work for (bigger companies like the Fortune 500 companies tend to pay more).
Recommended degree level
High School Diploma (or GED)
We asked other Financial Quant Analysts what degree they had when they got the job and most of them said they had a followed by .
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 reasons why you should and shouldn’t choose A Financial Quant Analyst as your career.
|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 workrelated skill, knowledge, or experience is required for this career.|
|Very good salary|
|Not suitable for people who likes to help and teach others|
There will be pros and cons for all jobs. The point is how much do the pros outweigh the cons to you.
A pro to you might be a con to Bob. A pro to Bob might be a con to you. We suggest reading about this career framework that can help you to find out what type of careers are right for you.
What is the job like
Is this job meaningful
(Information coming soon)
On a normal working week Financial Quantitative Analysts work 0.
70% of Financial Quant 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
Best personality for this career
The Thinkers and The Organizers
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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