Mid-Level

Financial Quantitative Analyst

An analyst applying quantitative methods to financial problems — pricing, risk modeling, portfolio construction, factor research, or algorithmic strategies. Combines math, statistics, programming, and finance domain knowledge to produce models, signals, or risk metrics.

Career Level
Junior
Mid
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Work Personality
I
C
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Investigativeanalytical, curious
Conventionalorganizing, detail-oriented
Based on Holland Code framework
Job markets for Financial Quantitative Analysts
Employment concentration · ~251 areas
Based on employment in related occupations
Mapped SOC categories:
BLS Occupational Employment Statistics
What it's like

What it's like to be a Financial Quantitative Analyst

Most days tend to involve data work, modeling, validation, and the analytical output that informs investment, risk, or pricing decisions. You'll often work in Python or R, build or refine quant models, test them on historical data, and produce reports or visualizations. The work cadence can be project-driven rather than calendar-driven.

The variance between settings is real — buy-side quant analysts at hedge funds or asset managers build alpha or risk models; sell-side quants at investment banks support trading desks or structuring; insurance quant analysts work on capital and reserving models; fintech quants apply quant methods to consumer credit, fraud, or pricing. PhD or strong masters in a quant discipline is common entry, with finance MBAs sometimes substituting.

People who tend to thrive here are comfortable with deep mathematical work and patient with the iterative process of model development and validation. Strong programming and statistical communication matter. The work tends to offer strong compensation, intellectual depth, and selective career paths, with the trade-off being the narrow audience for technical work — for those who enjoy the analytical craft, it offers durable rigor.

IndependenceAbove avg
AchievementAbove avg
Working ConditionsAbove avg
RecognitionAbove avg
RelationshipsModerate
SupportModerate
O*NET Work Values survey
✦ Editorial — written by Truest from industry research and career patterns
Career Paths

Where this role sits in the broader career landscape — and where it can take you.

$239K$179K$119K$60K$0KLower paying386 metro areas, sorted by salary level
All experience levels1
This level's estimated range
INDUSTRIES PAYING ABOVE AVERAGE
1 BLS OEWS May 2024 covers all Financial Quantitative Analysts (SOC 13-2099.01), not just this title · BEA RPP 2023
* Top salaries exceed this figure. BLS caps reported wages at ~$240K to protect individual privacy in high-earning roles.
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✦ Editorial — career progression and interview guidance based on industry patterns
The Broader Landscape

Roles like this one sit within a broader occupational category. The numbers below reflect that full landscape — helpful for context, but your specific experience will depend on level, specialty, and where you work.

$46K–$152K
Salary Range
10th – 90th percentile
127K
U.S. Employment
+3.1%
10yr Growth
10K
Annual Openings

How this category is changing

$77K$74K$72K$69K$66K201920202021202220232024$66K$77K
BLS OEWS May 2024 · BLS Employment Projections 2024–2034

Skills & Requirements

MathematicsCritical ThinkingReading ComprehensionComplex Problem SolvingSpeakingActive LearningJudgment and Decision MakingActive ListeningWritingSystems Evaluation
O*NET OnLine · Bureau of Labor Statistics
13-2099.01

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Federal data: BLS Occupational Employment & Wage Statistics (May 2024) · BLS Employment Projections · O*NET OnLine
Truest editorial: Fit check, role profile, things that vary, advancement analysis, lateral moves, interview questions.