Quantitative Analytics: currently 610 jobs.The latest job was posted on 24 Aug 16.
Quantitative analysis roles fall into one of two categories – front office quant, or back office quant. The two roles are very different, yet both require a high level of skill, logical thinking, and dedication. Front office quants work directly with other front office staff, particularly traders. Your job as a front office quant will largely mean getting involved with pricing, and developing trading tools to enable traders to better anticipate trends.
As a back office quant, you’ll be more focused on validating pricing structures and models developed by your front office colleagues. The roles are typically within product control and risk, both areas that will enable the bank to gain insight into its overall exposures.
Where You’ll Work
The biggest opportunities for aspiring quants lie within investment banks or hedge funds – high risk areas where there’s a real need for diligent quantitative analysis to reduce said risk. However, there’s also a need for quants within commercial banking, and with insurance companies, although vacancies may be harder to come by. Check out the listings here at efinancialcareers.com to see what’s available in your area.
Qualifications & Skills
While quantitative analysis is concerned with the finance world, you don’t necessarily need a finance degree in order to work within this sector. In fact, most quants don’t come from a financial background. Mathematics, economics, and information technology are the most important aspects to understand, and if you’re planning to make a career as a back office quant, fluency in computer languages is a must. Masters degrees and PhDs in these areas are usually what an employer will look for. The job is challenging, and can be tricky to get into, but the rewards can be huge.