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.
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Also called: |
Investment Portfolio Control Consultant, Investment Strategist, Portfolio Manager, Quantitative Analyst, Quantitative Equity Analyst, Quantitative Research Analyst, Quantitative Strategy Analyst, Research Analyst
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Wages
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Financial Specialists, All Other* |
Vermont - 2023 |
Percentile1 | Hourly | Yearly |
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 |
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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? |
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Industries of Employment
Financial and Investment Analysts, Financial Risk Specialists, and Financial Specialists, All Other* |
United States - 2020 |
Industry | Percent 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. |
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Knowledge
People in this career often know a lot about: |
- Mathematics
Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
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- Economics and Accounting
Knowledge of economic and accounting principles and practices, the financial markets, banking, and the analysis and reporting of financial data.
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- Computers and Electronics
Knowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming.
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- 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.
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- Critical Thinking
Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions, or approaches to problems.
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- Reading Comprehension
Understanding written sentences and paragraphs in work-related documents.
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- Complex Problem Solving
Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions.
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- Active Learning
Understanding the implications of new information for both current and future problem-solving and decision-making.
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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.
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- 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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What are your interests? Take the O*NET Interest Profiler |
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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.
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- Integrity
Job requires being honest and ethical.
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- Attention to Detail
Job requires being careful about detail and thorough in completing work tasks.
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- Persistence
Job requires persistence in the face of obstacles.
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- Initiative
Job requires a willingness to take on responsibilities and challenges.
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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.
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- Research or develop analytical tools to address issues such as portfolio construction or optimization, performance measurement, attribution, profit and loss measurement, or pricing models.
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- Interpret results of financial analysis procedures.
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- Develop core analytical capabilities or model libraries, using advanced statistical, quantitative, or econometric techniques.
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- Define or recommend model specifications or data collection methods.
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Related Occupations
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Career Video
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Projected Employment
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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 |
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Education and Experience:
Financial and Investment Analysts, Financial Risk Specialists, and Financial Specialists, All Other* |
- Typical education needed for entry
Bachelor's degree
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- Work experience in a related occupation
None
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- Typical on-the-job training needed to attain competency
None
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* 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 |
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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
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- Level of activity is Very Low
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Low | | High |
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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.
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Based on O*Net Job Zones and SVP |
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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% |
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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.
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- Written Comprehension
The ability to read and understand information and ideas presented in writing.
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- Deductive Reasoning
The ability to apply general rules to specific problems to produce answers that make sense.
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- Number Facility
The ability to add, subtract, multiply, or divide quickly and correctly.
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- Oral Comprehension
The ability to listen to and understand information and ideas presented through spoken words and sentences.
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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.
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- Analyzing Data or Information
Identifying the underlying principles, reasons, or facts of information by breaking down information or data into separate parts.
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- Processing Information
Compiling, coding, categorizing, calculating, tabulating, auditing, or verifying information or data.
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- Getting Information
Observing, receiving, and otherwise obtaining information from all relevant sources.
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- Making Decisions and Solving Problems
Analyzing information and evaluating results to choose the best solution and solve problems.
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Detailed Work Activities
What you might do in a day: |
- Apply mathematical models of financial or business conditions.
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- Develop business or financial information systems.
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- Analyze business or financial data.
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- Advise others on analytical techniques.
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- Prepare financial documents, reports, or budgets.
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More at O*NET |
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Other Resources
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- CareerOneStop
resource for job seekers, students, businessess and career professionals
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- O*NET Online
nation's primary source of occupational information
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