A Career In Quantitative Finance – Is It For You?

Those who are utilised as quant analysts use a range of mathematical methods and statistics, computer programs, and algorithms to make intelligent business decisions. Some of the duties that quant analysts assume are portfolio management, trading advice, implementing software, and researching prospective investment prospects.

Quantitative analysts usually work for companies like hedge funds, banks, and insurance brokers, though more companies outside of finance are using quants analysts to assess their data, which means there is large demand for them.

If you’re trying to decide whether a career in quant finance is the right choice for you, this article will point you in the right direction in getting into quantitative finance and will outline some of the necessary requirements.

A Good Role to Have

Quantitative analyst jobs are usually financially and academically satisfying. Salaries in the quant finance are usually very high. Because of how challenging some of the tasks can be and the knowledge necessary to thrive in this role, quants are usually extremely well-paid, especially if they are employed by a company that focuses on the creation and accumulation of wealth, such as banks, stockbrokers, and wealth management.

Being a quant analyst can be academically difficult and an important part of the job is to clarify and solve difficult assignments whilst working under pressure.

Large Amount of Versatility in Quant Roles

There is a large variety of roles available in quant finance. Due to this, quants of many different abilities can generally find a role that fits them. The key areas in quantitative finance are trading, technology, strategies & research, portfolio management, risk management, and data science & machine learning.

Within these field, analytical skills, communication skills, financial expertise, and technical knowledge are all skills that employers look for.

Growing Number of Roles Available in the Industry

One of the main reasons why the need for quants is growing is because of the enormous industry surrounding the gathering of user data. Data collection used to be carried out exclusively using workers to individually gather data, which obviously took a lot longer than using electronic devices and social media.

Because of how fast the quant finance industry is rising, it is therefore important to stay informed with the goings-on within the industry. The demand for quants is going to keep growing, especially in the risk management portfolio management sectors, as new financial regulations are always being implemented and updated, to adapt with any new circumstances.

Paths into Quantitative Finance

University degrees are a possible path into quant finance, but unfortunately, they only cover the foundations, and they aren’t as specific as specialised quant finance courses.

An excellent way of getting on the path to quant finance is through the specialised course, the Certificate of Quantitative Finance. It was designed for professionals in finance choosing to take their career up a level. It is delivered by Fitch Learning and is taught by some of the best professionals in the quant finance industry.