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Financial Quantitative Analysts Go Back to List
Develop quantitative financial products used to inform individuals or financial institutions engaged in saving, lending, investing, borrowing, or managing risk. Investigate methods for financial analysis to create mathematical models used to develop improved analytical tools or advanced financial investment instruments.
 Technology used in this occupation:
 
  • Data base management system software
  •  Tasks
     
  • Prepare requirements documentation for use by software developers.
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  • Provide application or analytical support to researchers or traders on issues such as valuations or data.
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  • Identify, track, or maintain metrics for trading system operations.
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  • Collaborate in the development or testing of new analytical software to ensure compliance with user requirements, specifications, or scope.
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  • Research new financial products or analytics to determine their usefulness.
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  • Maintain or modify all financial analytic models in use.
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  • Produce written summary reports of financial research results.
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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.
  •  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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  • Speaking - Talking to others to convey information effectively.
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  • Active Listening - Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
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  • Judgment and Decision Making - Considering the relative costs and benefits of potential actions to choose the most appropriate one.
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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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  • Writing - Communicating effectively in writing as appropriate for the needs of the audience.
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  • Persuasion - Persuading others to change their minds or behavior.
  •  Knowledge
     
  • Mathematics - Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
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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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  • 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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  • 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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  • Engineering and Technology - Knowledge of the practical application of engineering science and technology. This includes applying principles, techniques, procedures, and equipment to the design and production of various goods and services.
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  • Administration and Management - Knowledge of business and management principles involved in strategic planning, resource allocation, human resources modeling, leadership technique, production methods, and coordination of people and resources.
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  • Customer and Personal Service - Knowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction.
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  • Design - Knowledge of design techniques, tools, and principles involved in production of precision technical plans, blueprints, drawings, and models.
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  • Sales and Marketing - Knowledge of principles and methods for showing, promoting, and selling products or services. This includes marketing strategy and tactics, product demonstration, sales techniques, and sales control systems.
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  • Law and Government - Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process.
  •  Search for Jobs on Connecticut's Labor Exchange (CTJOBcentral)
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     Education & Training
      Education:   Most of these occupations require graduate school. For example, they may require a master's degree, and some require a Ph.D., M.D., or J.D. (law degree).
      Related Experience:   Extensive skill, knowledge, and experience are needed for these occupations. Many require more than five years of experience. For example, surgeons must complete four years of college and an additional five to seven years of specialized medical training to be able to do their job.
      View Related Programs on Connecticut's Education & Training ConneCTion site.
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     Wage Information
     
    Region Average Entry Level  Mid-Range 
    Annual  Hourly 
    Statewide $105,596.00 $50.77  $31.44  $36.13 - $59.73 
    Bridgeport/Stamford $146,584.00 $70.47  $34.05  $39.69 - $83.48 
    Danbury $115,672.00 $55.61  $29.65  $32.74 - $65.27 
    Hartford $94,020.00 $45.20  $30.99  $35.07 - $59.73 
    New Haven $102,281.00 $49.18  $32.78  $37.78 - $60.24 
    New London/Norwich $97,111.00 $46.69  $35.71  $37.58 - $55.30 
    ONET Resource Center Some of the occupational information on this page is formulated from O*NETTM v17.0 data. O*NETTM is a trademark of the U.S. Department of Labor, Employment and Training Administration.
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