What does A Quantitative Analyst do?
Builds mathematical and statistical models used to price financial instruments, manage risk, or drive systematic trading strategies for banks, asset managers, and hedge funds.
Day-to-day responsibilities
- Developing and back-testing pricing or risk models
- Validating model performance against market data
- Writing production code (typically Python or C++) to implement models
- Presenting model risk assessments to trading desks or risk committees
Low demand+18% Stochastic calculus / derivatives pricing+12% Python (NumPy, QuantLib)+15% C++ for low-latency systems