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Career Details

13-2099.01 - Financial Quantitative Analysts


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.


Key Facts
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Bright Outlook
1
Career Details
Green Job
Career Details
Current Employment
145,200
Estimate
Forecasted Employment
152,300
Estimate
Change in Employment
+7,100
Estimate
Change in Employment %
+4.9%
Estimate
Tasks
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Tasks
The tasks listed below can be performed to prepare you for a career in this field.
Core
  • Prepare requirements documentation for use by software developers.
  • Provide application or analytical support to researchers or traders on issues such as valuations or data.
  • Identify, track, or maintain metrics for trading system operations.
  • Collaborate in the development or testing of new analytical software to ensure compliance with user requirements, specifications, or scope.
  • Research new financial products or analytics to determine their usefulness.
  • Maintain or modify all financial analytic models in use.
  • Produce written summary reports of financial research results.
  • 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.
  • Consult traders or other financial industry personnel to determine the need for new or improved analytical applications.
  • Confer with other financial engineers or analysts on trading strategies, market dynamics, or trading system performance to inform development of quantitative techniques.
  • Collaborate with product development teams to research, model, validate, or implement quantitative structured solutions for new or expanded markets.
  • Research or develop analytical tools to address issues such as portfolio construction or optimization, performance measurement, attribution, profit and loss measurement, or pricing models.
  • Devise or apply independent models or tools to help verify results of analytical systems.
  • Apply mathematical or statistical techniques to address practical issues in finance, such as derivative valuation, securities trading, risk management, or financial market regulation.
Supplemental
  • Analyze pricing or risks of carbon trading products.
  • Assess the potential impact of climate change on business financial issues, such as damage repairs, insurance costs, or potential disruptions of daily activities.
  • Develop methods of assessing or measuring corporate performance in terms of environmental, social, and governance (ESG) issues.
  • Develop solutions to help clients hedge carbon exposure or risk.
  • Develop tools to assess green technologies or green financial products, such as green hedge funds or social responsibility investment funds.
All data sourced from US Department of Labor, Employment & Training Administration O*Net Database.
Knowledge
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Knowledge

The items listed below are organized into sections that contain knowledge useful for pursuing a career in this field. Each section also contains a "Percentage of Importance" statistic that shows how relevant an item is to the occupation.
 Mathematics
  • 99%
    Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
 Computers and Electronics
  • 90%
    Knowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming.
 Economics and Accounting
  • 85%
    Knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data.
 English Language
  • 71%
    Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
 Engineering and Technology
  • 62%
    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
  • 59%
    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.
All data sourced from US Department of Labor, Employment & Training Administration O*Net Database.
Tools
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Tools
The tools listed below include machines, equipment, tools, and software that is useful for individuals who are interested in this career.
 Computer data input devices
  • Computer data input scanners
 Computers
  • Desktop computers
  • Laptop computers
  • Mainframe computers
  • Personal computers
 Personal communication devices
  • Multi-line telephone systems
 Duplicating machines
  • Photocopying equipment
All data sourced from US Department of Labor, Employment & Training Administration O*Net Database.
Technology
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Technology
The technologies listed below include machines, equipment, tools, and software that is useful for individuals who are interested in this career.
 Data management and query software
  • Apache HiveHOT
  • IBM Cognos Business Intelligence
  • Microsoft AccessHOT
  • Microsoft SQL ServerHOT
  • MicroStrategyHOT
  • Structured query language SQLHOT
 Finance accounting and enterprise resource planning ERP software
  • Bloomberg Professional
  • Microsoft DynamicsHOT
  • MicroStrategy DesktopHOT
  • Oracle JD Edwards EnterpriseOneHOT
 Development software
  • C++HOT
  • JavaScriptHOT
  • Microsoft Visual BasicHOT
  • Microsoft Visual Basic for Applications VBAHOT
  • Microsoft Visual C#
  • Practical extraction and reporting language PerlHOT
  • PythonHOT
  • RHOT
 Industry specific software
  • IBM SPSS StatisticsHOT
  • Insightful S-PLUS
  • SASHOT
  • StataCorp Stata
  • The MathWorks MATLABHOT
 Content authoring and editing software
  • Microsoft ExcelHOT
  • Microsoft PowerPointHOT
  • Microsoft VisioHOT
All data sourced from US Department of Labor, Employment & Training Administration O*Net Database.
Certifications
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Certifications
FastForward at Virginia's Community Colleges is a short-term training program for high-demand industries, like healthcare, information technology, and skilled trades and infrastructure, helping Virginians get the jobs and salaries they need. Our goal is to get you trained, help you earn your certification, and get you into a career that can support you and your family. Explore the latest training program offerings by visiting FastForward
The certifications listed below are useful to pursue if you are interested in a career in this field.
 Advanced
 Product/Equipment
All data sourced from US Department of Labor, Employment & Training Administration O*Net Database.
Licensing
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Licensing
The licensing information below is organized into sections and is useful for pursuing if you are interested in a career in this field.
No specific licensing information is listed for this occupation in the area you have selected.
All data sourced from US Department of Labor, Employment & Training Administration O*Net Database.
Related Programs
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Programs related to this career, offered by participating institution(s), are listed below.

Clicking on the Degree programs in the list below will take you away from the Careers page.
INSTITUTION
PROGRAMS
Brightpoint Community College
Germanna Community College
J Sargeant Reynolds Community College
Laurel Ridge Community College
Mountain Gateway Community College
Northern Virginia Community College
Paul D. Camp Community College
Rappahannock Community College
Southside Virginia Community College
Tidewater Community College
Virginia Highlands Community College
Virginia Peninsula Community College
Virginia Western Community College
Wytheville Community College