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Financial Quantitative Analysts

Develop quantitative financial products used to inform individuals or financial institutions engaged in saving, lending, investing, borrowing, or managing risk. Investigate methods for financial analysis to create mathematical models used to develop improved analytical tools or advanced financial investment instruments.   (O'Net 13-2099.01)

 
Reported job titles:   Equity Structurer, Financial Engineer, Financial Quantitative Analyst, Quantitative Analyst, Structurer
 
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    Wages
    for Financial Specialists, All Other which includes:
                          - Financial Quantitative Analysts
                          - Risk Management Specialists
                          - Investment Underwriters
                          - Fraud Examiners, Investigators and Analysts
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     Location Pay
    Period
    2016
    Percentile Wages Average
    Wage
    10% 25% 50%
    Median
    75% 90%
     Vermont Hourly $ 24.32   $ 26.24   $ 31.29   $ 43.30   $ 48.72   $ 34.22  
    Yearly $50,590   $54,580   $65,090   $90,070   $101,330   $71,170  
     
     Burlington-South Burlington, VT Metropolitan NECTA Hourly $ 24.32   $ 26.17   $ 32.03   $ 43.92   $ 47.80   $ 34.66  
    Yearly $50,590   $54,420   $66,620   $91,350   $99,430   $72,090  
     
     Southern Vermont Balance of State Hourly $ 25.47   $ 27.89   $ 33.26   $ 38.11   $ 56.14   $ 35.62  
    Yearly $52,980   $58,010   $69,180   $79,270   $116,770   $74,100  
     
     Northern Vermont Balance of State Hourly $ 21.26   $ 24.86   $ 27.77   $ 33.67   $ 44.56   $ 29.76  
    Yearly $44,220   $51,700   $57,760   $70,040   $92,680   $61,890  
     
    What are Percentile Wages?
    source: Occupational Employment Statistics, Vermont Labor Market Information, U.S. Bureau of Labor Statistics, released April 2017.
     


    Employment Trends
    for Financial Specialists, All Other which includes:
                                  - Financial Quantitative Analysts
                                  - Risk Management Specialists
                                  - Investment Underwriters
                                  - Fraud Examiners, Investigators and Analysts
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    Location Employment Annual % change
    (compounded)
    Annual job openings
    (due to growth and
    net replacements)
    2014 2024
    Vermont 129 135 0.5% 2
    source: Employment Projections, Vermont Economic & Labor Market Information, in cooperation with U.S. Bureau of Labor Statistics, statewide estimates released July 2016.
     


    Industries of Employment
    for Financial Specialists, All Other which includes:
                                - Financial Quantitative Analysts
                                - Risk Management Specialists
                                - Investment Underwriters
                                - Fraud Examiners, Investigators and Analysts
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    Industry Percent of Total
    2014
    Credit intermediation and related activities 20.2%
    Federal government, all industries 16.2%
    Securities, commodity contracts, and other financial investments and related activities 8.3%
    Management of companies and enterprises 8.2%
    Educational services; state, local, and private 7.2%
    source: Employment Projections, U.S. Bureau of Labor Statistics, National Employment Matrix, released July 2016.
     


    Tasks
    for Financial Quantitative Analysts
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  • Analyze pricing or risks of carbon trading products.
     
  • Apply mathematical or statistical techniques to address practical issues in finance, such as derivative valuation, securities trading, risk management, or financial market regulation.
     
  • Assess the potential impact of climate change on business financial issues, such as damage repairs, insurance costs, or potential disruptions of daily activities.
     
  • Collaborate in the development or testing of new analytical software to ensure compliance with user requirements, specifications, or scope.
     
  • Collaborate with product development teams to research, model, validate, or implement quantitative structured solutions for new or expanded markets.
     
  • Confer with other financial engineers or analysts to understand trading strategies, market dynamics, or trading system performance to inform development of quantitative techniques.
     
  • Consult traders or other financial industry personnel to determine the need for new or improved analytical applications.
     
  • Define or recommend model specifications or data collection methods.
     
  • Develop core analytical capabilities or model libraries, using advanced statistical, quantitative, or econometric techniques.
     
  • Develop methods of assessing or measuring corporate performance in terms of environmental, social, and governance (ESG) issues.
     
    source: Occupational Information Network: Financial Quantitative Analysts  updated July 2013
     


    Knowledge
    for Financial Quantitative Analysts
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    No knowledge information for this occupation.
     


    Skills
    for Financial Quantitative Analysts
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    No skills information for this occupation.
     


    Abilities
    for Financial Quantitative Analysts
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    No abilities information for this occupation.
     


    Work Activities
    for Financial Quantitative Analysts
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    No work activities information for this occupation.
     


    Interests
    for Financial Quantitative Analysts
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  • Investigative - Investigative occupations frequently involve working with ideas, and require an extensive amount of thinking. These occupations can involve searching for facts and figuring out problems mentally.
     
  • Conventional - Conventional occupations frequently involve following set procedures and routines. These occupations can include working with data and details more than with ideas. Usually there is a clear line of authority to follow.
     
    source: Occupational Information Network: Financial Quantitative Analysts  updated June 2009
     


    Work Styles
    for Financial Quantitative Analysts
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    No work styles information for this occupation.
     


    State of Vermont License Information
    that may be required for Financial Quantitative Analysts
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    No state licenses listed for this occupation.
     


    Education and Training Requirements
    for Financial Quantitative Analysts
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    No education and training information for this occupation.
     


    Schools
    offering instructional programs related to Financial Quantitative Analysts
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      Related Instructional Programs
     
    • Finance, General.
     
    • Financial Mathematics. (NEW)
     
     Search for schools offering these programs at
     
     
     
    source: National Center for Education Statistics 2000 Classification of Instructional Programs .
     


    Other Resources
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  • Labor Exchange Information
  • A source for occupational characteristics, such as age, gender, race, and years of education and an alternative source for occupational wage rates. Limited to people looking for jobs and the jobs advertised through VDOL Vermont Job Link.
  • Look for statewide information over the latest 12 months for Financial Specialists, All Other.
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    Related Occupations
    Occupations with skill requirements similar to Financial Quantitative Analysts
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    Vermont.gov State of Vermont Department of Labor