Employment Percentage: 
11.070452155626
SOC ID: 
13-2098
SOC Title: 
Financial and Investment Analysts, Financial Risk Specialists, and Financial Specialists, All Other
ONET ID: 
13-2099.01
ONET Concat ID: 
13209901
Median Salary: 
83185.07
Ed Level High School: 
0
Ed Level Certificate: 
0
Ed Level Some College: 
0
Ed Level Associates: 
0
Ed Level Bachelors: 
26.08
Ed Level Masters: 
65.220001
Ed Level Doctor: 
8.7
Typical Ed Level: 
a Master's or Professional degree
Description: 

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.

Core Tasks: 

<ul><li>Develop core analytical capabilities or model libraries, using advanced statistical, quantitative, or econometric techniques.</li><li>Provide application or analytical support to researchers or traders on issues such as valuations or data.</li><li>Maintain or modify all financial analytic models in use.</li><li>Research or develop analytical tools to address issues such as portfolio construction or optimization, performance measurement, attribution, profit and loss measurement, or pricing models.</li><li>Apply mathematical or statistical techniques to address practical issues in finance, such as derivative valuation, securities trading, risk management, or financial market regulation.</li><li>Research new financial products or analytics to determine their usefulness.</li><li>Devise or apply independent models or tools to help verify results of analytical systems.</li><li>Define or recommend model specifications or data collection methods.</li><li>Confer with other financial engineers or analysts on trading strategies, market dynamics, or trading system performance to inform development of quantitative techniques.</li><li>Interpret results of financial analysis procedures.</li><li>Collaborate with product development teams to research, model, validate, or implement quantitative structured solutions for new or expanded markets.</li><li>Produce written summary reports of financial research results.</li><li>Consult traders or other financial industry personnel to determine the need for new or improved analytical applications.</li><li>Identify, track, or maintain metrics for trading system operations.</li><li>Prepare requirements documentation for use by software developers.</li><li>Collaborate in the development or testing of new analytical software to ensure compliance with user requirements, specifications, or scope.</li></ul>

Start Annual Earnings: 
45646.77
Top Annual Earnings: 
156934.79
Title Slug: 
financial-quantitative-analyst