What does a Quantitative Research Analyst do?
Quantitative researchers perform mathematically based technical configurations and designs that help financial services firms and investment banks make decisions while mitigating potential risk. They study, plan, develop, and deploy models and systems involving intricate and sophisticated statistical formulas. These models serve as simulation tools that allow the firms and advisors to anticipate the risk of various scenarios and decisions, making these tools a valuable asset in a risk mitigation and management strategy. These researchers also perform testing and validation tasks.
Quantitative researchers typically have at least a bachelor’s degree in computer science, statistics, or another technical field, although an advanced degree is an advantage. They have extensive experience working with complex, sophisticated statistical formulas and mathematical systems. These roles require highly developed analytical skills.
Quantitative Research Analyst Salaries
Average Base Pay
Quantitative Research Analyst Career Path
Learn how to become a Quantitative Research Analyst, what skills and education you need to succeed, and what level of pay to expect at each step on your career path.