What does a Quantitative Analyst do?

Quantitative analysts use quantitative methods that help companies to make sound business and financial decisions. They work for various financial institutions including investment banks, hedge funds, asset managers, and private equity firms. They are hired to identify profitable investment opportunities while simultaneously managing risk. Quantitative analysts are the creators of computer algorithms that assist with 21st century markets through electronic trading from numerical algorithms.

Quantitative analysts program algorithms that are speedy and efficient enough to help locate the finest trades for the best price ahead of competitors. Outside of banking, quantitative analysts might work in the insurance field to develop pricing models and develop risk evaluation strategies. Quantitative analysts need fluency in numbers and a master's degree in quantitative finance, financial engineering, or a related quantitative field including physics, statistics, or math. Senior-level positions may require a Ph.D.

Education--
Work/Life Balance
4.0 ★
Salary Range--
Career Opportunity
3.8 ★
Avg. Experience2-4 years

Quantitative Analyst Salaries

Average Base Pay

$89,012 /yr
Same as national average
Not including cash compensation
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$65K
Median: $89K
$121K
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Glassdoor Estimated Salary

Quantitative Analyst Career Path

Learn how to become a Quantitative Analyst, what skills and education you need to succeed, and what level of pay to expect at each step on your career path.

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Quantitative Analyst Insights

Read what Quantitative Analyst professionals have to say about their job experiences and view top companies for this career.
Open FuturesOpen Futures
Quantitative Analyst
Apr. 23, 2021

“Top level management is easily accessible to resolve any real time issues which is hurting the productivity.”

CitiCiti
Quantitative Analyst
Sep. 19, 2021

“Bank has many departments so there's a lot of opportunities to develop your career.”

Kasikorn Securities
Quantitative Analyst
Oct. 20, 2020

“Flexible work and Innovative.”

Alpha Vertex
Quantitative Analyst
Oct. 21, 2019

“People are nice and willing to teach you.”

Capital OneCapital One
Quantitative Analyst
Dec. 10, 2020

“Work and life balance is good”

FTSE RussellFTSE Russell
Experienced Senior Quantitative Analyst
Nov. 10, 2020

“Good Work and life balance”

Fridson Vision
Quantitative Analyst
May 5, 2021

“Boss is good and really loves to help”

East West BankEast West Bank
Financial Quantitative Analyst
Mar. 22, 2020

“Low Compensation but chilled.”

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Quantitative Analyst Interviews

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