Quantitative Analyst, Finance Salary
A Quantitative Analyst, Finance earns an average salary of $90,154 per year. Most people with this job move on to other positions after 10 years in this career.
Job Description for Quantitative Analyst, Finance
Quantitative analysts, finance are responsible for analyzing quantitative reports that relate to financial matters in their organization. They are in charge of studying and researching large amounts of information for others to make the best decision based on the given data. One of their main responsibilities is maintaining and improving quantitative models, databases and systems.Read More...
Successful analysts possess strong analytical skills to balance and update financial information. They keep accurate records regarding financial transactions and write extensive reports based on analysis results and their observations. They work well in a team environment with other analysts to process information faster and share crucial data to reach all company objectives in a timely manner. However, they also perform effectively on their own with minimal supervision.
One of these analysts' main tools is a personal computer to modify models to fit company projects and run calculations based on established parameters. In addition, they are proficient with office software such as word processing and spreadsheet applications to create detailed documents. They report their progress to the quantitative finance supervisor in their department. Quantitative analysts, finance provide automation features to manage portfolios and other investments. They also monitor quantitative investments and research market conditions. Additionally, they have excellent communication skills to express technical and complex ideas in simpler terms to upper management. They participate in business meetings to suggest ideas to improve analysis performance and efficiency. A bachelor's degree in quantitative analysis, finance, economics, or a related field is needed for this position. Previous years of experience in finance or analysis can be helpful. Industry certifications are a plus.
Quantitative Analyst, Finance Tasks
- Research and analyze market statistics to develop, test, validate, execute, and maintain analytical software programs and quantitative models.
- Query, consolidate, and present data to senior management.
- Assist in the construction and execution of portfolio management.
- Perform risk analytics, loan pricing, and default risk modeling,
- Design tests and experiments to collect data and test new models and programs