Quantitative Financial Market Analyst

Quantitative financial market analysts work in finance using numerical or quantitative techniques.

Summary

Quantitative analysts, also known as 'quants,' often work in the finance industry, analyzing statistics and developing mathematical models used to make decisions regarding risk management, investments and pricing. They may be employed by hedge funds, investment banks, securities and commodities traders, brokerage firms, accounting companies and financial consulting firms. Other employers include engineering firms and government agencies. The information they gather is generally used in algorithmic trading, statistical arbitrage, derivative pricing and quantitative investing.

Typical Tasks

Apply mathematical or statistical techniques to address practical issues in finance, such as derivative valuation, securities trading, risk management, or financial market regulation.
Devise or apply independent models or tools to help verify results of analytical systems.
Research or develop analytical tools to address issues such as portfolio construction or optimization, performance measurement, attribution, profit and loss measurement, or pricing models.
Collaborate with product development teams to research, model, validate, or implement quantitative structured solutions for new or expanded markets.
Confer with other financial engineers or analysts to understand trading strategies, market dynamics, or trading system performance to inform development of quantitative techniques.
Consult financial industry personnel, such as traders, to determine the need for new or improved analytical applications.
Define or recommend model specifications or data collection methods.
Develop core analytical capabilities or model libraries, using advanced statistical, quantitative, or econometric techniques.
Interpret results of analytical procedures.
Maintain and modify all analytic models in use.

Educational Requirements

Quantitative financial market analysts often come from mathematics or physics backgrounds rather than finance related fields, and they are a major source of employment for people with physics and mathematics Ph.D's. Becoming a quantitative analyst typically requires a master's degree in quantitative finance, financial engineering or a related quantitative field, such as physics, statistics or math.

Salary Information 2023

According to salary.com, the average salary of a Quantitative Financial Market Analyst in 2023 was $116,476.

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Information retrieved from We Use Math: Quantitative Financial Market Analyst and Best Accredited Colleges: Quantitative Analyst Education Requirements.