Financial Quantitative Analysts: Salary, Job Description, How To Become One, and Quiz

Stanley TanCareer, OverviewLeave a Comment

Financial Quantitative Analysts career information
pros and cons of being a Financial Quantitative Analyst

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.

$77580
Salary
70%
Job Satisfaction
Very Hard
Becoming One
Low
Job Growth
Suitable Personality

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.



Job description

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.


    Read more about what does a Financial Quantitative Analyst really do at work and what is it like being and working as one.




    Become one

    schools for Financial Quantitative Analysts

    Interested in becoming a Financial Quantitative Analyst? Find the right schools that can help you to become one. This service is free thanks to our sponsors.

    View available schools





    Improve Your
    Test Score

    Studying for a standardized test for your college admissions?

    Improve your test scores on SAT, ACT, GRE, and GMAT.

    Read more



    Salary

    Average salary
    $77580 per year

    Average hourly wage
    $37 per hour


    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 statesHourlyAnnual
    DC$52$107,760
    NY$46$96,480
    IL$45$93,200
    MA$42$88,370
    VA$42$87,810

    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.



    Requirements

    Recommended degree level
    High School Diploma (or GED)

    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.

    Financial Mathematics
    Finance, General

    Read more about how to become a Financial Quantitative Analyst and the degree, training and education you need.



    Pros and Cons

    Here are some of the pros and cons of being a Financial Quantitative Analyst.

    PROS
    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
    CONS
    Not suitable for people who likes to help and teach others



    What is the job like

    Job satisfaction
    70%

    Is this job meaningful
    47%


    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

    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.



    How we can help

    Start your journey to be a Financial Quantitative Analyst

    Get the best college for Financial Quantitative Analysts


    Discover the best colleges for your $$$


    Find colleges have the highest earning grads


    Yes, I'm sure




    Learn more about Financial Quantitative Analysts

    Summary (You are here)
    Job Description
    Salary
    Requirements
    Is This Right For Me

    Find a college with the major you want


    Related career information

    Financial Quantitative Analysts job description, Financial Quantitative Analysts salary, Financial Quantitative Analysts information, what is the job of a Financial Quantitative Analyst like, pros and cons about Financial Quantitative Analysts, colleges and universities for Financial Quantitative Analysts, is Financial Quantitative Analysts the right career for me, careers in Business and Finance

    Similar careers

    Equity Structurer, Financial Engineer, Financial Quantitative Analyst, Quantitative Analyst, Structurer, , , , ,

    Additional resources

    Leave a Reply

    Your email address will not be published. Required fields are marked *