Mid-Level

Quantitative Model Analyst

The model is the working partner — quantitative model analysts build, test, and refine the mathematical models used in pricing, risk, credit, or capital allocation. The applied modeling layer in financial services.

Career Level
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Work Personality
I
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Investigativeanalytical, curious
Conventionalorganizing, detail-oriented
Based on Holland Code framework
Job markets for Quantitative Model 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 Quantitative Model Analyst

Models are where the working hours land — pricing curves, credit models, risk frameworks, capital calculations. You're often iterating between code, statistical output, and business stakeholders explaining results. Model accuracy, deployment success, and validation outcomes anchor the visible measures.

Where it gets demanding is the bridge between mathematical depth and business application — model development requires statistical rigor; model deployment requires explanation to non-quantitative stakeholders. Variance across employers is sharp: at major banks the model analyst works alongside dedicated risk and validation teams; at growth-stage fintechs the analyst often defines the modeling approach from scratch.

It fits people who are mathematically grounded, programmatically capable, and skilled at translating quantitative work into business language. The trade-off is the documentation and validation rigor required for production models. Quantitative graduate backgrounds and FRM or CFA credentials anchor advancement.

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 paying387 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 Quantitative Model 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

$74K$71K$68K$65K$62K201920202021202220232024$62K$74K
BLS OEWS May 2024 · BLS Employment Projections 2024–2034

Skills & Requirements

MathematicsCritical ThinkingReading ComprehensionComplex Problem SolvingSpeakingActive LearningActive ListeningJudgment and Decision MakingWritingSystems Analysis
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.