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.
- 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.
- 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.
Quantitative Developer Salaries
Average Base Pay
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.
Years of Experience Distribution
Quantitative Developer Insights
Versor Investments“workers are and I have an amazing manager who supports and invests in developing my skillset.”
BNP Paribas“Pay is not the best”
NatWest Group“Not the best salaries when compared to other banks”
Fortress Investment Group“pretty good work life balance”
Citi“Not the best salaries compared to the market”
MSCI“Good work life balance”
Bank of America“Good Work life balance”
PNC Financial Services Group“Management seems to take a genuine interest in developing your career.”
Frequently asked questions about the role and responsibilities of a Quantitative Developer
- Quantitative Analyst
- Equity Trader
- Quantitative Researcher
- Trader