Financial Quantitative Analyst
What Does a Professional in this Career Do?
A Financial Quantitative Analyst develops mathematical or statistical models used in the financial sector. Applies models and quantitative methods to analyze securities or other business data; provides analysis used to inform investment and trading strategies and manage risk.
Job Outlook
There were 211 Financial Quantitative Analyst job postings in North Carolina in the past year and 4193 in the United States.
In combination with other careers in the Financial Quantitative Analyst industry, which includes the Financial Quantitative Analyst career, the following graph shows the number of people employed for each year since 2016:
Salary
Many new Financial Quantitative Analyst jobs have salaries estimated to be in the following ranges, based on the requirements and responsibilities listed in job postings from the past year.
National
The average estimated salary in the United States for this career, based on job postings in the past year, is $125,659.
State
The average estimated salary in North Carolina for this career, based on job postings in the past year, is $124,064.
Percentiles represent the percentage that is lower than the value. For example, 25% of estimated salaries for Financial Quantitative Analyst postings in the United States in the past year were lower than $99,539.
Education and Experience
Posted Financial Quantitative Analyst jobs typically require the following level of education. The numbers below are based on job postings in the United States from the past year. Not all job postings list education requirements.
| Education Level | Percentage |
|---|---|
| Associate's Degree | 0% |
| Bachelor's Degree | 50.01% |
| Master's Degree | 54.61% |
| Doctoral Degree | 23.94% |
| Other | 1.67% |
Posted Financial Quantitative Analyst jobs typically require the following number of years of experience. The numbers below are based on job postings in the United States from the past year. Not all job postings list experience requirements.
| Years of Experience | Percentage |
|---|---|
| 0 to 2 years | 33.48% |
| 3 to 5 years | 45.56% |
| 6 to 8 years | 14.62% |
| 9+ years | 6.34% |
Skills
Below are listings of the most common general and specialized skills Financial Quantitative Analyst positions expect applicants to have as well as the most common skills that distinguish individuals from their peers. The percentage of job postings that specifically mention each skill is also listed.
Baseline Skills
A skill that is required across a broad range of occupations, including this one.
- Mathematics (46.1%)
- Research (44%)
- Communication (41.66%)
- Management (31.22%)
- Problem Solving (25.16%)
- Detail Oriented (23.28%)
- Presentations (19.89%)
- Writing (19.41%)
- Leadership (18.72%)
- Microsoft Excel (17.34%)
Defining Skills
A core skill for this occupation, it occurs frequently in job postings.
- Python (Programming Language) (56.54%)
- Finance (46.36%)
- Statistics (44.29%)
- Economics (37.95%)
- SQL (Programming Language) (36.13%)
- Investments (33.45%)
- R (Programming Language) (30.25%)
- Computer Science (26.34%)
- Equities (21.47%)
- Risk Management (24.03%)
- Mathematical Finance (16.9%)
Necessary Skills
A skill that is requested frequently in this occupation but isn’t specific to it.
- Financial Modeling (22.48%)
- Data Analysis (21.52%)
- Quantitative Modeling (19.72%)
- SAS (Software) (16.38%)
- C++ (Programming Language) (17.46%)
- Accounting (14.68%)
- Machine Learning (21.05%)
- Physics (17.04%)
- Financial Services (15.05%)
- Fixed Income (14.81%)
- Portfolio Management (14.73%)
- Derivatives (13.94%)
- Private Equity (15.67%)
- Quantitative Analysis (13.8%)
- Quantitative Research (12.89%)
- Financial Stress Testing (12.69%)
- Financial Market (11.63%)
- Data Science (12.52%)
- Model Validation (11.66%)
- Statistical Modeling (11.21%)
- Securities (Finance) (11.81%)
- Visual Basic For Applications (8.66%)
- Financial Engineering (11.26%)
- Financial Analysis (10.21%)
- Econometrics (10.62%)
- Due Diligence (9.27%)
- Investment Banking (10.7%)
- Auditing (8.46%)
- Capital Markets (9.35%)
- MATLAB (7.7%)
- Algorithms (9.64%)
- Asset Classes (8.61%)
- Statistical Analysis (9.86%)
- Loans (9.17%)
- Credit Risk (8.78%)
- Risk Modeling (10.13%)
- Mortgage Loans (9.42%)
- Programming Languages (8.98%)
- Tableau (Business Intelligence Software) (8.73%)
- Project Management (7.3%)
- Model Risk Management (8.85%)
Distinguishing Skills
A skill that may distinguish a subset of the occupation.
- Quantitative Investing (3.44%)
Salary Boosting Skills
A professional who wishes to excel in this career path may consider developing the following highly valued skills. The percentage of job postings that specifically mention each skill is listed.
- Investments (37.79%)
- Computer Science (29.76%)
- Economics (42.87%)
- Finance (52.38%)
- Financial Modeling (25.4%)
- R (Programming Language) (34.18%)
- Quantitative Investing (3.89%)
- Statistics (50.04%)
Alternative Job Titles
Sometimes employers post jobs with Financial Quantitative Analyst skills but a different job title. Some common alternative job titles include:
- Quantitative Analyst
- Quantitative Researcher
- Private Equity Associate
- Quantitative Analytics Manager
- Quantitative Modeler
- Model Validation Analyst
- Quantitative Strategist
- Quantitative Risk Analyst
- Analyst
- Quantitative Associate
Similar Occupations
If you are interested in exploring occupations with similar skills, you may want to research the following job titles. Note that we only list occupations that have at least one corresponding NC State Online and Distance Education program.
Common Employers
Here are the employers that have posted the most Financial Quantitative Analyst jobs in the past year along with how many they have posted.
United States
- Selby Jennings (202)
- JPMorgan Chase (119)
- Bank of America (102)
- Citigroup (97)
- Wells Fargo (82)
- BlackRock (78)
- Fannie Mae (71)
- Freddie Mac (56)
- Goldman Sachs (54)
- McGuireWoods LLP (49)
North Carolina
- Wells Fargo (29)
- Bank of America (23)
- Truist Financial (18)
- First Citizens Bank (17)
- Selby Jennings (11)
- US Bank (11)
- OneMain Financial (8)
- Forvis Mazars (6)
- TEKsystems (5)
- Collabera (4)
NC State Programs Relevant to this Career
If you are interested in preparing for a career in this field, the following NC State Online and Distance Education programs offer a great place to start!
- Management, Risk and Analytics Master's Degrees
- Mathematics Graduate Certificates
- Statistics Master's Degrees
All wages, job posting statistics, employment trend projections, and information about skill desirability on this page represents historical data and does not guarantee future conditions. Data is provided by and downloaded regularly from Lightcast. For more information about how Lightcast gathers data and what it represents, see Lightcast Data: Basic Overview on Lightcast's Knowledge Base website.