Financial Quantitative Analyst
Role Description
Quantitative analysts or “quants” develop and implement complex mathematical models that financial firms use to make decisions about risk management, investments and pricing. Part spectator, part ruthless logician, a quant aims to reduce risk and generate profits.
Student Case Studies
Salary
The average annual salary for a quantitative analyst is £41,000.
Hours
Typical 9am to 5pm work hours.
Prospects
Risk management is a field of quantitative analysis that has grown in demand and perceived importance since the financial crisis of 2008.
Skills Valued by Employers
An understanding of technical subjects like:
- OOP, big data modelling, database management, Excel
- C++, Python, SQL, MATLAB, SAS, S-Plus, R
- Monte Carlo techniques, machine learning, data mining.
Mathematical skills:
- Calculus, linear algebra, differential equations
- Probability, statistics, game theory.
Financial skills:
- Portfolio theory, equity and interest rate derivatives
- Systematic and discretionary trading practices
- Credit-risk products and financial modelling.
Business skills:
- Analytical problem-solving
- Ability to work under pressure
- Independent research skills.
