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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 103 Financial Quantitative Analyst job postings in North Carolina in the past year and 3072 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 $113,923.

State

The average estimated salary in North Carolina for this career, based on job postings in the past year, is $112,147.

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 $90,283.

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 Degree0.72%
Bachelor's Degree48.83%
Master's Degree47.69%
Doctoral Degree27.38%
Other3.71%

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 years28.35%
3 to 5 years53.3%
6 to 8 years13.21%
9+ years5.14%

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 (38.22%)
  • Communication (35.06%)
  • Mathematics (29.04%)
  • Management (26.53%)
  • Writing (17.42%)
  • Leadership (15.98%)
  • Presentations (14.58%)
  • Forecasting (13.15%)
  • Problem Solving (12.27%)
  • Detail Oriented (12.08%)

Defining Skills

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

  • Quantitative Modeling (25.8%)
  • Python (Programming Language) (43.83%)

Necessary Skills

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

  • Machine Learning (10.8%)
  • Auditing (10.83%)
  • Project Management (11.59%)
  • Private Equity (15.27%)
  • Financial Services (15.95%)
  • Statistical Modeling (12.92%)
  • Equities (16.02%)
  • Quantitative Research (11.97%)
  • Mathematical Finance (12.95%)
  • Computer Science (16.74%)
  • Financial Stress Testing (8.52%)
  • Financial Modeling (13.9%)
  • MATLAB (10.64%)
  • Portfolio Management (8.52%)
  • Data Analysis (16.74%)
  • R (Programming Language) (29.02%)
  • Data Science (12.23%)
  • Statistics (31.86%)
  • C# (Programming Language) (3.6%)
  • Physics (13.94%)
  • Algorithms (8.75%)
  • Financial Market (9.28%)
  • Econometrics (12.46%)
  • Model Validation (14.66%)
  • Capital Markets (8.71%)
  • SAS (Software) (20.34%)
  • Credit Risk (9.81%)
  • SQL (Programming Language) (25.45%)
  • Finance (31.93%)
  • Quantitative Analysis (14.24%)
  • Visual Basic For Applications (9.85%)
  • Front Office (5%)
  • Risk Management (19.24%)
  • Asset Classes (3.79%)
  • Economics (33.3%)
  • Risk Modeling (9.2%)
  • Derivatives (11.06%)
  • Market Risk (5.04%)
  • C++ (Programming Language) (12.2%)
  • Model Risk Management (9.81%)
  • Investments (20.91%)
  • Accounting (15.15%)
  • Financial Engineering (8.14%)

Distinguishing Skills

A skill that may distinguish a subset of the occupation.

  • Equity Derivative (3.45%)
  • Stochastic Calculus (1.33%)

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.

  • Python (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
  • Quantitative Model Analyst
  • Private Equity Analyst
  • Private Equity Associate
  • Quantitative Model Validation Analyst
  • Quantitative Analytics Manager
  • Private Equity Manager
  • Equity Analyst
  • PhD 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

  • US Bank (122)
  • Pacific Northwest National Laboratory (118)
  • Citigroup (89)
  • Guidehouse (85)
  • JPMorgan Chase (53)
  • Wells Fargo (44)
  • BNY Mellon (42)
  • Selby Jennings (40)
  • Flagstar Bank (34)
  • Bank of America (31)

North Carolina

  • Wells Fargo (14)
  • Bank of America (10)
  • US Bank (7)
  • Truist Financial (6)
  • Labcorp Drug Development (4)
  • First Horizon Bank (3)
  • Synchrony (2)
  • Brighthouse Financial (2)
  • Apex Analytix (2)
  • Ally Financial (2)

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!