Data & Research
 
* ELMI Occupation Profile - Financial Quantitative Analysts *
 
Financial Quantitative Analysts
(O*NET 13-2099.01, SOC 13-2099)
What they do
Develop quantitative techniques to inform securities investing, equities investing, pricing, or valuation of financial instruments. Develop mathematical or statistical models for risk management, asset optimization, pricing, or relative value analysis.
 
Also called:
Investment Portfolio Control Consultant, Investment Strategist, Portfolio Manager, Quantitative Analyst, Quantitative Equity Analyst, Quantitative Research Analyst, Quantitative Strategy Analyst, Research Analyst
 
 
Wages
Financial Specialists, All Other*
Vermont - 2023
Percentile1HourlyYearly
10% $ 25.24   $52,500  
25% $ 28.81   $59,920  
Median $ 33.74   $70,180  
75% $ 41.78   $86,900  
90% $ 57.70   $120,020  
 
Average $ 38.22   $79,510  
* You're seeing information for "Financial Specialists, All Other" because it includes "Financial Quantitative Analysts" for which wage information is not available.
1 What are Percentile Wages?
More at CareerOneStop
 
Industries of Employment
Financial and Investment Analysts, Financial Risk Specialists, and Financial Specialists, All Other*
United States - 2020
IndustryPercent of total
  • Securities, commodity contracts, and other financial investments and related activities
18%
  • Credit intermediation and related activities
14%
  • Professional, scientific, and technical services
11%
  • Management of companies and enterprises
11%
  • Insurance carriers and related activities
7%
* You're seeing information for "Financial and Investment Analysts, Financial Risk Specialists, and Financial Specialists, All Other" because it includes "Financial Quantitative Analysts" for which industries of employment information is not available.
More at BLS
 
Knowledge
People in this career often know a lot about:
  • Mathematics
    Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
  • Economics and Accounting
    Knowledge of economic and accounting principles and practices, the financial markets, banking, and the analysis and reporting of financial data.
  • Computers and Electronics
    Knowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming.
  • English Language
    Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
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Skills
People in this career often have these skills:
  • Mathematics
    Using mathematics to solve problems.
  • Critical Thinking
    Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions, or approaches to problems.
  • Reading Comprehension
    Understanding written sentences and paragraphs in work-related documents.
  • Complex Problem Solving
    Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions.
  • Active Learning
    Understanding the implications of new information for both current and future problem-solving and decision-making.
More at O*NET
 
Interests
People in this career often prefer these work environments:
  • Investigative
    Work involves studying and researching non-living objects, living organisms, disease or other forms of impairment, or human behavior. Investigative occupations are often associated with physical, life, medical, or social sciences, and can be found in the fields of humanities, mathematics/statistics, information technology, or health care service.
  • Conventional
    Work involves following procedures and regulations to organize information or data, typically in a business setting. Conventional occupations are often associated with office work, accounting, mathematics/statistics, information technology, finance, or human resources.
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Work Styles
People in this career will do well at jobs that need:
  • Analytical Thinking
    Job requires analyzing information and using logic to address work-related issues and problems.
  • Integrity
    Job requires being honest and ethical.
  • Attention to Detail
    Job requires being careful about detail and thorough in completing work tasks.
  • Persistence
    Job requires persistence in the face of obstacles.
  • Initiative
    Job requires a willingness to take on responsibilities and challenges.
More at O*NET
 
Tasks
On the job, you would:
  • Apply mathematical or statistical techniques to address practical issues in finance, such as derivative valuation, securities trading, risk management, or financial market regulation.
  • Research or develop analytical tools to address issues such as portfolio construction or optimization, performance measurement, attribution, profit and loss measurement, or pricing models.
  • Interpret results of financial analysis procedures.
  • Develop core analytical capabilities or model libraries, using advanced statistical, quantitative, or econometric techniques.
  • Define or recommend model specifications or data collection methods.
More at O*NET
 
Related Occupations
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Career Video
Watch at CareerOneStop with transcript or at YouTube.
 
Projected Employment
Financial and Investment Analysts, Financial Risk Specialists, and Financial Specialists, All Other*
 Vermont
2020 employment 422
2030 employment 454
Annual percent change
(compounded)
0.7%
Annual projected job openings
(due to change and separations)
36
* You're seeing information for "Financial and Investment Analysts, Financial Risk Specialists, and Financial Specialists, All Other" because it includes "Financial Quantitative Analysts" for which projected employment information is not available.
More at Occupational Projections
 
Education and Experience:
Financial and Investment Analysts, Financial Risk Specialists, and Financial Specialists, All Other*
  • Typical education needed for entry
    Bachelor's degree
  • Work experience in a related occupation
    None
  • Typical on-the-job training needed to attain competency
    None
* You're seeing information for "Financial and Investment Analysts, Financial Risk Specialists, and Financial Specialists, All Other" because it includes "Financial Quantitative Analysts" for which education and experience information is not available.
Based on BLS Education and Training Classifications
 
Physical Work Activity
Performing physical activities that require considerable use of your arms and legs and moving your whole body, such as climbing, lifting, balancing, walking, stooping, and handling materials.
 
  • Physical activity is Seldom Important
  • Level of activity is Very Low
Importance
Low   High
Level
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Job Zone
Extensive Preparation Needed
  • Specific Vocational Preparation Range
    (8.0 and above) - A typical worker will require over 4 years up to and including 10 years or more of training to achieve average performance in this occupation.
Based on O*Net Job Zones and SVP
 
Education Level
How much education do most people in this career have?
Education level Percent of
U.S. Workers
Doctoral or professional degree
or post-MA certificate
  5%
Master's degree or
post-BA certificate
  60%
Bachelor's degree   35%
Associate's degree   0%
Certificate or some college,
no degree
  0%
High school diploma
or equivalent
  0%
Less than high school diploma   0%
More at O*NET
 
Abilities
People in this career often have talent in:
  • Mathematical Reasoning
    The ability to choose the right mathematical methods or formulas to solve a problem.
  • Written Comprehension
    The ability to read and understand information and ideas presented in writing.
  • Deductive Reasoning
    The ability to apply general rules to specific problems to produce answers that make sense.
  • Number Facility
    The ability to add, subtract, multiply, or divide quickly and correctly.
  • Oral Comprehension
    The ability to listen to and understand information and ideas presented through spoken words and sentences.
More at O*NET
 
Work Activities
In general, what you might do:
  • Working with Computers
    Using computers and computer systems (including hardware and software) to program, write software, set up functions, enter data, or process information.
  • Analyzing Data or Information
    Identifying the underlying principles, reasons, or facts of information by breaking down information or data into separate parts.
  • Processing Information
    Compiling, coding, categorizing, calculating, tabulating, auditing, or verifying information or data.
  • Getting Information
    Observing, receiving, and otherwise obtaining information from all relevant sources.
  • Making Decisions and Solving Problems
    Analyzing information and evaluating results to choose the best solution and solve problems.
More at O*NET
 
Detailed Work Activities
What you might do in a day:
  • Apply mathematical models of financial or business conditions.
  • Develop business or financial information systems.
  • Analyze business or financial data.
  • Advise others on analytical techniques.
  • Prepare financial documents, reports, or budgets.
More at O*NET
 
Other Resources
  • CareerOneStop
    resource for job seekers, students, businessess and career professionals
  • O*NET Online
    nation's primary source of occupational information
 
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This page includes information from the O*NET 28.0 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.

BLS

This page includes information produced in cooperation with the U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics and State Occupational Projections programs.

 
 
 
 
Vermont.gov State of Vermont Department of Labor