Financial Quantitative Analysts
Analyze financial data using mathematical models.
Quick Facts
Wages: |
Median wages for the broader occupation, Financial Specialists, All Other, are
$37.13
/ hour.
|
Education: |
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On the Job: |
Typical Work Tasks
- Analyze business or financial data.
- Analyze risks related to investments in green technology.
- Apply mathematical models of financial or business conditions.
- Develop technical specifications for systems or equipment.
Read more about the job
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Job Title Examples: |
Financial Engineer
Quantitative Analyst
Equity Structurer
See more job title examples
|
View All Career Information
This page includes information from the O*NET 24.2 Database by the U.S. Department of Labor, Employment and Training Administration (USDOL/ETA). Used under the CC BY 4.0 license. O*NET® is a trademark of USDOL/ETA.
On the Job
Financial Quantitative Analysts help individuals or businesses determine the best ways to invest, lend, or save money. They design and use advanced mathematical models to do this. They may also advise on the best data to collect for these purposes.
Typical Work Tasks
People who work in this career often:
- Analyze business or financial data.
- Analyze risks related to investments in green technology.
- Apply mathematical models of financial or business conditions.
- Develop technical specifications for systems or equipment.
- Confer with personnel to coordinate business operations.
- Discuss business strategies, practices, or policies with managers.
- Develop business or financial information systems.
- Develop financial analysis methods.
- Prepare financial documents, reports, or budgets.
- Monitor business indicators.
Typical Working Conditions
- Using e-mail.
- Sitting.
- The importance of being accurate or exact.
- Working indoors in environmentally controlled conditions.
- High levels of competition.
- Freedom to make decisions without supervision.
- Working with a group or team.
- Meeting strict deadlines.
This page includes information from the O*NET 24.2 Database by the U.S. Department of Labor, Employment and Training Administration (USDOL/ETA). Used under the CC BY 4.0 license. O*NET® is a trademark of USDOL/ETA.
Education & Credentials
This is a new or emerging specialty. The information on this page is based on the broader career that this specialty is part of,
Financial Specialists, All Other.
Educational Requirements
Not available
Education level attained (national data)
Education Level Attained (national data)Education Level Attained | Percentage of workers in this occupation |
Less than high school diploma | 1.8 |
High school diploma or equivalent | 13.1 |
Some college, no degree | 18.8 |
Associate degree | 8.4 |
Bachelors degree | 34.9 |
Masters degree | 19.9 |
Doctoral (Ph.D) or professional degree | 3.2 |
Work Experience and Training Requirements
Nationally, this career typically requires:
- No related work experience for entry.
- Moderate-term on-the-job training to become competent.
Transfer Options
Enrolling in a community college can be a great place to start your four-year degree. While all 31 Minnesota State community colleges,
technical colleges and universities offer all or part of the Minnesota Transfer Curriculum
(a 40-credit package of general education courses accepted for transfer to other state colleges and universities, the University of Minnesota,
and some private colleges and universities), not all two-year colleges offer degrees intended to transfer to a four-year bachelor's degree.
If you plan to transfer to obtain a four-year bachelor's degree, it is important to know which degree path is right for you:
- Associate of Arts (AA) degrees offered at community colleges are designed to transfer into liberal arts four-year majors.
- Associate of Science (AS) and Associate of Fine Arts (AFA) degrees offered at community and technical colleges transfer into specific four-year majors and will likely require completing additional general education courses at a university.
- Associate of Applied Science (AAS) degrees offered at technical and community colleges are not designed to transfer. They lead to immediate entry into the workplace.
- Diplomas and certificates offered at technical colleges are not designed to transfer. They lead to immediate entry into the workplace.
Talk to a transfer specialist as early as possible to determine the best associate degree for your goals. Be sure to review your Degree Audit Report (DARS) each semester to best prepare for transfer. Get more help understanding transfer using the tools below.
Licenses
Licenses are knowledge and skill credentials that are legally required in some careers.
This occupation requires a license.
Bail Bond Agent
Insurance Agent (Line item for Bailbondsmen)
Helpful High School Courses
Examples of helpful classes that help you prepare for this career:
- Accounting
- Algebra I and II
- Business Law
- Business Management
- Composition
- Economics
- International Business
- Marketing
- Office Procedures
- Public Speaking
- Statistics
- e-Commerce
In Minnesota, your school may have developed a Program of Study in this career area.
A Program of Study is an academic and career plan developed by your high school to help move you towards a career
and college path. A Program of Study can help you:
- Select high school classes that prepare you for college and getting a job
- Understand how the classes you're taking in high school lead to a career
- Identify extra-curricular activities that are related to your career interest
- See what classes at your school offer early college credit that will save you time and money towards your college expenses
- Graduate from high school prepared for your next step toward the career you choose
This page includes information from the O*NET 24.2 Database by the U.S. Department of Labor, Employment and Training Administration (USDOL/ETA). Used under the CC BY 4.0 license. O*NET® is a trademark of USDOL/ETA.
Skills & Knowledge
Most Important Skills for Financial Quantitative Analysts
- Mathematics—Using mathematics to solve problems.
- Thinking Critically—Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
- Reading—Understanding written sentences and paragraphs in work related documents.
- Making Decisions—Considering the relative costs and benefits of potential actions to choose the most appropriate one.
- Solving Complex Problems—Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions.
- Learning New Things—Understanding the implications of new information for both current and future problem-solving and decision-making.
- 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.
- Writing—Communicating effectively in writing as appropriate for the needs of the audience.
- Evaluating a System or Organization—Identifying measures or indicators of system performance and the actions needed to improve or correct performance, relative to the goals of the system.
- Speaking—Talking to others to convey information effectively.
Most Important Knowledge Areas for Financial Quantitative Analysts
- 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.
- 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.
- Administration and Management—Knowledge of business and management principles involved in strategic planning, resource allocation, human resources modeling, leadership technique, production methods, and coordination of people and resources.
- English Language—Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
- Customer and Personal Service—Knowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction.
- Sales and Marketing—Knowledge of principles and methods for showing, promoting, and selling products or services. This includes marketing strategy and tactics, product demonstration, sales techniques, and sales control systems.
- Psychology—Knowledge of human behavior and performance; individual differences in ability, personality, and interests; learning and motivation; psychological research methods; and the assessment and treatment of behavioral and affective disorders.
- Design—Knowledge of design techniques, tools, and principles involved in production of precision technical plans, blueprints, drawings, and models.
Interests
Different careers may be a good fit for your personality or interests. This career is:
- 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.
Learn more about your interests. Take the MnCareers Interest Assessment.
Describe Your Skills
This is a new or emerging career specialty. Skill statements are still under development.
Careers that Use Similar Skills
This is a new or emerging career specialty. Information on similar careers is still under development.
View more careers in the Finance cluster
View more careers in the Operations Management pathway
This page includes information from the O*NET 24.2 Database by the U.S. Department of Labor, Employment and Training Administration (USDOL/ETA). Used under the CC BY 4.0 license. O*NET® is a trademark of USDOL/ETA.
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Jobs
Real-time job data provided by Gartner TalentNeuron
Job Title Examples
Financial Engineer,
Quantitative Analyst,
Equity Structurer,
Financial Quantitative Analyst,
Structurer
Where Do Financial Quantitative Analysts Work?
Financial Quantitative Analysts often work in the following industries.
Source: You can learn about our data sources in the About Us section.