Quantitative Analyst

As a quantitative analyst you will be analysing the market trends and making decisions on investment and other financial matters with the aim of reducing risk and/or generating profits.

What do quantitative analysts do?

Quantitative analysts will collect and analyse data often used in financial decision-making. They will be developing and implementing different mathematical models in making decisions about risk management, investments and pricing of financial firms.

What does a typical day at work involve?

  • Checked Analysing the market trends and making decisions on investment and other financial matters
  • Checked Developing new analytical programs and models
  • Checked Developing new statistical models for efficient analysis
  • Checked Interpreting the results and preparing reports after analysis of the data
  • Checked Presenting the reports to the concerned stakeholders

How to become a Quantitative Analyst?

Step 1
Take Science or Commerce stream with Mathematics or Statistics as a main subject

Studying mathematics or statistics as a subject at plus two level and securing a good score in these subjects would be a prerequisite for admission into a bachelor degree in Maths/Statistics.

Step 2
Take Bachelors in Maths/Statistics or Economics

The common courses at the UG level in this area are BSc Mathematics, BSc/ BA Statistics or Bachelor’s in Economics. The duration of the course will be three years.

Step 3
Take Masters in Quantitative Economics or Quantitative Finance

After completing UG you can go for Masters in Quantitative Economics or Quantitative Finance. The duration of the courses will be two years.

Quantitative Analysis Colleges

Name State District Type Website Course

Requirements for masters in Quantitative Analysis

Requirements for admission into a PG course in one of the top institutions to help you get an overall picture

India (For admission into Master of Science in Quantitative Economics [MS (QE)] at the Indian Statistical Institute)

  • Three-year Bachelor's with honours (or equivalent) degree from any Indian or foreign university/institute in Economics/Mathematics/Statistics/Physics.
  • Based on performance in written tests and subsequent interview.

Foreign (For admission into Master of Science in Quantitative Finance at the National University of Singapore)

  • An Honours degree (or a 4-year Bachelor’s degree) in a discipline with strong training in quantitative finance or mathematics at university level, or an equivalent qualification.
  • A minimum TOEFL score of 85 is required for the IBT (with a minimum of 22 for the writing section), 580 for the PBT or 260 for the CBT OR A minimum IELTS score of 6.0
  • GRE recommended but not compulsory.

To see the entrance exams, scholarships and UG admission details, click here

Skills Required

Communication

A quantitative analyst should possess good communication skills, as they have to properly communicate their findings and analysis to the officials and management.

Writing skill

Writing skill is very important as they have to write reports and articles based on their analysis.

Problem solving

The market trends are erratic and fluctuating. So a quantitative analyst should possess the ability to solve unanticipated problems in the best way possible.

Critical thinking

All the market trends and changes should be critically analysed to get accurate results and provide appropriate recommendations.

Technical skills

Quantitative analyst should have good technical skills, knowledge about various computer programs and software used for analysis of the data.

Industries

  • Checked Banking
  • Checked Finance
  • Checked Investment
  • Checked IT
  • Checked Business

Top Companies

  • Checked Confirmit
  • Checked Google
  • Checked Forte research group
  • Checked Uber
  • Checked Amazon
  • Checked JP Morgan