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Finance | Financial Quantitative Analyst

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 117 Financial Quantitative Analyst job postings in North Carolina in the past year and 2806 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 2015:

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 $114,244.

State

The average estimated salary in North Carolina for this career, based on job postings in the past year, is $116,711.

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 $92,547.

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 LevelPercentage
Associate's Degree0%
Bachelor's Degree51.43%
Master's Degree46.29%
Doctoral Degree25.02%
Other3.14%

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 ExperiencePercentage
0 to 2 years28.55%
3 to 5 years54.4%
6 to 8 years11.08%
9+ years5.98%

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.

  • Research (44.73%)
  • Communication (38.95%)
  • Mathematics (34.57%)
  • Management (28.76%)
  • Detail Oriented (19.89%)
  • Writing (19.1%)
  • Problem Solving (18.5%)
  • Leadership (18.07%)
  • Microsoft Excel (14.43%)
  • Presentations (14.08%)

Defining Skills

A core skill for this occupation, it occurs frequently in job postings.

  • Python (Programming Language) (44.8%)
  • Investments (24.75%)
  • Computer Science (22.13%)
  • Equities (20.66%)
  • Economics (34.46%)
  • Finance (35.7%)
  • SQL (Programming Language) (25.4%)
  • Quantitative Modeling (22.98%)

Necessary Skills

A skill that is requested frequently in this occupation but isn’t specific to it.

  • Model Risk Management (7.94%)
  • Risk Modeling (8.33%)
  • Credit Risk (8.79%)
  • Accounting (17.69%)
  • C++ (Programming Language) (13.3%)
  • Auditing (11.33%)
  • Algorithms (6.98%)
  • C# (Programming Language) (3.39%)
  • Asset Classes (5.24%)
  • Investment Banking (6.9%)
  • Mathematical Finance (13.84%)
  • Econometrics (13.65%)
  • Corporate Finance (7.75%)
  • Capital Markets (7.59%)
  • Securities Research (5.01%)
  • Financial Services (13.07%)
  • Financial Market (9.95%)
  • R (Programming Language) (30.49%)
  • Front Office (4.47%)
  • Due Diligence (6.9%)
  • Financial Analysis (7.4%)
  • Data Analysis (20.43%)
  • Risk Management (17.96%)
  • Loans (8.98%)
  • Machine Learning (11.64%)
  • Fixed Income (7.63%)
  • Financial Modeling (16.42%)
  • Physics (16.46%)
  • Portfolio Management (10.49%)
  • Marketing (7.36%)
  • Project Management (10.91%)
  • MATLAB (12.8%)
  • Visual Basic For Applications (10.02%)
  • Programming Languages (10.18%)
  • Private Equity (15.03%)
  • Financial Engineering (10.02%)
  • Derivatives (12.8%)
  • Quantitative Research (13.53%)
  • Model Validation (12.72%)
  • Statistics (36.08%)
  • Statistical Modeling (12.1%)
  • Data Science (10.91%)
  • SAS (Software) (20.59%)
  • Financial Stress Testing (9.02%)
  • Quantitative Analysis (14.53%)
  • Securities (Finance) (7.09%)

Distinguishing Skills

A skill that may distinguish a subset of the occupation.

  • Quantum Physics (3.43%)
  • Qiskit (3.7%)
  • Equity Derivative (3.7%)
  • Quantitative Investing (2.35%)
  • Stochastic Calculus (1.77%)

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.

  • SQL (Programming Language) (100%)

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 Modeler
  • Private Equity Associate
  • PhD Researcher
  • Equity Analyst
  • Remodeling Specialist
  • Private Equity Analyst
  • Quantitative Analytics Manager
  • Quantitative Model Analyst
  • Quantitative Researcher

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

  • Pacific Northwest National Laboratory (125)
  • Guidehouse (84)
  • Deloitte (72)
  • Wells Fargo (54)
  • Selby Jennings (51)
  • JPMorgan Chase (47)
  • BNY Mellon (42)
  • Citigroup (42)
  • Synchrony (30)
  • US Bank (30)

North Carolina

  • Wells Fargo (18)
  • First Citizens Bank (8)
  • US Bank (7)
  • Bank of America (6)
  • Selby Jennings (4)
  • Truist Financial (4)
  • Labcorp (4)
  • Fifth Third Bank (3)
  • Deloitte (3)
  • Tiverton Advisors (3)

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!