What does a Quantitative Developer do?

Quantitative developers are software developers and engineers who provide technological tools, systems. and solutions for investment banks and financial services firms. They develop infrastructures that serve as the foundation upon which advisors can access data used to manage investment accounts and service clients. They write code to develop programs for live trading and simulation models. They create libraries and other systems to manage and organize data sets, ensuring they are capable of managing large volumes of information efficiently. They may also implement and oversee data analytics systems for evaluating metrics.

Quantitative developers typically have a bachelor’s degree in computer science, engineering, or another technical field. They commonly have a background in software programming and development roles. They should be experienced with coding and programming, and have proficiency in common programming languages.

What responsibilities are common for Quantitative Developer jobs?
  • Build large-scale distributed computing programs to generate analytics and present results in user-friendly visualization.
  • Innovate and improve proprietary models and algorithms. design and deliver in terms of high reliability, resiliency and scalability.
  • Operate as a hands-on technologist and deliver within a team as an individual developer.
  • Perform as a specialist in all areas of the software life cycle and coaches others around such practices.
  • Provide a clear explanation of business strategy, technical concepts, designs or implementation to a non-technical audience.
  • Stay abreast of industry trends and technologies and knows when and how to apply them appropriately.
  • Utilize data mining and statistical techniques to help develop analytic insights, sound hypotheses, and informed recommendations.
  • Complete data preparation, data testing and modeling tasks in accordance with established company policies and generally accepted modeling practices.
What are the typical qualifications for Quantitative Developer jobs?
  • Bachelor's Degree or higher in computer science or engineering.
  • Demonstrate outstanding awareness of the complexities of Portfolio Management, Quantitative Research, and related risk.
  • Employs a pragmatic approach in order to balance tactical and strategic concerns when solving problems.
  • Hands-on experience with Python, C++, and similar programs.
  • Comfortable working with derivatives, frameworks, and statistics.
  • Strong algorithm design skills.
Education--
Work/Life Balance
3.9 ★
Salary Range--
Career Opportunity
3.8 ★
Avg. Experience2-4 years

Quantitative Developer Salaries

Average Base Pay

$127,000 /yr
Same as national average
Not including cash compensation
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Not enough salaries reported to show distribution
$100K
Median: $127K
$300K
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Glassdoor Estimated Salary

Quantitative Developer Career Path

Learn how to become a Quantitative Developer, what skills and education you need to succeed, and what level of pay to expect at each step on your career path.

Average Years of Experience

0 - 1
3%
2 - 4
65%
5 - 7
25%
8+
7%
Not including years spent in education and/or training
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Quantitative Developer Insights

Read what Quantitative Developer professionals have to say about their job experiences and view top companies for this career.
BNP ParibasBNP Paribas
Quantitative Developer
6 Nov 2020

“Pay is not the best”

Fortress Investment GroupFortress Investment Group
Quantitative Developer
8 Feb 2021

“pretty good work life balance”

NatWest GroupNatWest Group
Quantitative Developer
20 Aug 2021

“Not the best salaries when compared to other banks”

CitiCiti
Senior Quant Developer
15 Oct 2021

“Not the best salaries compared to the market”

MSCIMSCI
Quantitative Developer
26 May 2022

“Good work life balance”

Bank of AmericaBank of America
Quantitative Developer
23 Feb 2022

“Good Work life balance”

PNC Financial Services GroupPNC Financial Services Group
Quantitative Analytics Manager
11 Mar 2022

“Management seems to take a genuine interest in developing your career.”

RBCRBC
Senior Quant Developer
14 Feb 2022

“Good work life balance.”

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Quantitative Developer Interviews

Frequently asked questions about the role and responsibilities of a Quantitative Developer

The most similar professions to Quantitative Developer are:
  • Quantitative Analyst
  • Equity Trader
  • Quantitative Researcher
  • Trader

Related Careers

Quantitative Analyst
$122,500
No skills overlap
Equity Trader
$100,000
No skills overlap
Quantitative Researcher
$135,000
No skills overlap
Trader
$120,000
No skills overlap

Quantitative Developer jobs