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Financial Quantitative Analyst

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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.

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Salary

The average annual salary for a quantitative analyst is £41,000.

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Hours

Typical 9am to 5pm work hours.

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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.

Resources

Professional Institutes