Financial Quantitative Analysts

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About the Job

Develop quantitative financial products used to inform individuals or financial institutions engaged in saving, lending, investing, borrowing, or managing risk. Investigate methods for financial analysis to create mathematical models used to develop improved analytical tools or advanced financial investment instruments.

It is also Called

  • Structurer
  • Risk Analyst
  • Research Analyst
  • Quantitative Strategy Analyst
  • Quantitative Research Analyst
  • Quantitative Equity Head
  • Quantitative Analyst
  • Portfolio Manager
  • Investment Strategist
  • Global Credit Quantitative Analysis Head
show all

What They Do

  • Assess the potential impact of climate change on business financial issues, such as damage repairs, insurance costs, or potential disruptions of daily activities.
  • Develop tools to assess green technologies or green financial products, such as green hedge funds or social responsibility investment funds.
  • Develop methods of assessing or measuring corporate performance in terms of environmental, social, and governance (ESG) issues.
  • Analyze pricing or risks of carbon trading products.
  • Develop solutions to help clients hedge carbon exposure or risk.
  • Collaborate in the development or testing of new analytical software to ensure compliance with user requirements, specifications, or scope.
  • Prepare requirements documentation for use by software developers.
  • Identify, track, or maintain metrics for trading system operations.
  • Consult traders or other financial industry personnel to determine the need for new or improved analytical applications.
  • Produce written summary reports of financial research results.

Interests

People who work in this occupation generally have the interest code: A.

This means people who work in this occupation generally have Artistic interests.

Work Values

People who work in this occupation generally prize Independence, but also value Achievement and Working Conditions in their jobs.

Things They Need to Know

  • Mathematics - Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
  • Computers and Electronics - Knowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming.
  • Economics and Accounting - Knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data.
  • English Language - Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
  • Engineering and Technology - Knowledge of the practical application of engineering science and technology. This includes applying principles, techniques, procedures, and equipment to the design and production of various goods and services.

Things They Need to Be Able to Do

  • Mathematics - Using mathematics to solve problems.
  • Critical Thinking - Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
  • Reading Comprehension - Understanding written sentences and paragraphs in work related documents.
  • Complex Problem Solving - Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions.
  • Speaking - Talking to others to convey information effectively.
  • Active Listening - Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
  • Judgment and Decision Making - Considering the relative costs and benefits of potential actions to choose the most appropriate one.

Education Required

Most of these occupations require graduate school. For example, they may require a master's degree, and some require a Ph.D., M.D., or J.D. (law degree).

Wages

In 2016, the average annual wage in Pennsylvania was $78,900 with most people making between $42,800 and $120,530

Outlook

0.45%
avg. annual growth

During 2014, this occupation employed approximately 3,800 people in Pennsylvania. It is projected that there will be 3,970 employed in 2024.

This occupation will have about 17 openings due to growth and about 43 replacement openings for approximately 60 total annual openings.



Pennsylvania Department of Education