Financial Quantitative Analysts
Develop quantitative techniques to inform securities investing, equities investing, pricing, or valuation of financial instruments. Develop mathematical or statistical models for risk management, asset optimization, pricing, or relative value analysis.
Sample of reported job titles:
Investment Strategist, Portfolio Manager, Quantitative Analyst, Quantitative Research Analyst, Quantitative Strategy Analyst, Research Analyst
Occupation-Specific Information
Tasks
- Prepare requirements documentation for use by software developers.
- Provide application or analytical support to researchers or traders on issues such as valuations or data.
- Identify, track, or maintain metrics for trading system operations.
- Collaborate in the development or testing of new analytical software to ensure compliance with user requirements, specifications, or scope.
- Research new financial products or analytics to determine their usefulness.
Technology Skills
- Analytical or scientific software:IBM SPSS Statistics,Insightful S-PLUS,SAS statistical software,StataCorp Stata,The MathWorks MATLAB
- Business intelligence and data analysis software:MicroStrategy
- Data base management system software:Apache Hive
- Data base user interface and query software:Microsoft Access,Microsoft SQL Server,Structured query language SQL
- Data mining software:IBM Cognos Business Intelligence
Occupational Requirements
Work Activities
- Working with Computers:Using computers and computer systems (including hardware and software) to program, write software, set up functions, enter data, or process information.
- Analyzing Data or Information:Identifying the underlying principles, reasons, or facts of information by breaking down information or data into separate parts.
- Processing Information:Compiling, coding, categorizing, calculating, tabulating, auditing, or verifying information or data.
- Getting Information:Observing, receiving, and otherwise obtaining information from all relevant sources.
- Making Decisions and Solving Problems:Analyzing information and evaluating results to choose the best solution and solve problems.
Detailed Work Activities
- Advise others on analytical techniques.
- Analyze business or financial data.
- Analyze risks related to investments in green technology.
- Apply mathematical models of financial or business conditions.
- Assess the cost effectiveness of products, projects, or services.
Work Context
- Electronic Mail:100% responded"Every day"
- Indoors, Environmentally Controlled:91% responded"Every day"
- Spend Time Sitting:83% responded"Continually or almost continually"
- Importance of Being Exact or Accurate:74% responded"Extremely important"
- Face-to-Face Discussions:64% responded"Every day"
Worker Requirements
Skills
- 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.
- 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.
Knowledge
- 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.
Education
How much education does a new hire need to perform a job in this occupation? Respondents said:
- 65%Master's Degree
- 13%Bachelor's Degree
- 13%Post-Baccalaureate Certificate - awarded for completion of an organized program of study; designed for people who have completed a Baccalaureate degree but do not meet the requirements of academic degrees carrying the title of Master.
- 9%Doctoral Degree
Worker Characteristics
Abilities
- Mathematical Reasoning:The ability to choose the right mathematical methods or formulas to solve a problem.
- Number Facility:The ability to add, subtract, multiply, or divide quickly and correctly.
- Deductive Reasoning:The ability to apply general rules to specific problems to produce answers that make sense.
- Inductive Reasoning:The ability to combine pieces of information to form general rules or conclusions (includes finding a relationship among seemingly unrelated events).
- Oral Comprehension:The ability to listen to and understand information and ideas presented through spoken words and sentences.
Interests
- Investigative:Investigative occupations frequently involve working with ideas, and require an extensive amount of thinking. These occupations can involve searching for facts and figuring out problems mentally.
- Conventional:Conventional occupations frequently involve following set procedures and routines. These occupations can include working with data and details more than with ideas. Usually there is a clear line of authority to follow.
Work Values
- Independence:Occupations that satisfy this work value allow employees to work on their own and make decisions. Corresponding needs are Creativity, Responsibility and Autonomy.
- Achievement:Occupations that satisfy this work value are results oriented and allow employees to use their strongest abilities, giving them a feeling of accomplishment. Corresponding needs are Ability Utilization and Achievement.
- Recognition:Occupations that satisfy this work value offer advancement, potential for leadership, and are often considered prestigious. Corresponding needs are Advancement, Authority, Recognition and Social Status.
Work Styles
- Analytical Thinking:Job requires analyzing information and using logic to address work-related issues and problems.
- Attention to Detail:Job requires being careful about detail and thorough in completing work tasks.
- Achievement/Effort:Job requires establishing and maintaining personally challenging achievement goals and exerting effort toward mastering tasks.
- Dependability:Job requires being reliable, responsible, and dependable, and fulfilling obligations.
- Persistence:Job requires persistence in the face of obstacles.
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