In this section, you'll find all of our quantitative analytics jobs within the financial services sector.
In financial markets worldwide, the most successful trading strategies are developed by highly educated, mathematically skilled financial engineers nicknamed "quants." Quants write financial theories, computer models, valuation techniques and trading programs used by hedge funds and investment banks.
Quants employed in the financial sector usually have higher degrees and Ph.D.s in demanding subjects such as physics, economics or computer science, or any of several particular mathematical specialties like multivariate calculus, linear algebra, differential equations, probability theory and statistical inference.
For success in a quant job, you'll need to be familiar with common programming languages such as C++. You should also read and understand the work of economists Myron Scholes, Fischer Black and Robert C. Merton. Scholes and Black are synonymous with options pricing theory, having developed the famous Black-Scholes equation. The model they developed provided the fundamental conceptual framework for valuing options, and is now the de facto standard in international financial markets for valuing those instruments, alongside many different types of bonds and derivatives that contain embedded options.
Beyond qualifications, many employers expect candidates for quant jobs to pass a rigorous vetting process which includes verification of references and, in a more competitive role, published research.
A quant career might have a focus on designing and trading complex structured products such as derivatives. Hedge funds also hire a large number of quants.
To handle the bulk of daily trading volume, the use of computer-driven models or algorithms to both identify and rapidly execute profitable arbitrage opportunities has expanded in the past few years. In order to continue executing trades for funds that rely on those models, broker-dealers hire quants to refine the platforms and programs that communicate orders.
Risk-focused quants also work for specialized software vendors that handle the creation and production of risk management products.
Quantitative analytics is one sector of finance where a prospective employee with a Ph.D. isn't considered overqualified, although a master's degree in one of the subjects above is sometimes enough. Unlike with MBA candidates, the quality of your university isn't always a hiring consideration. When applying for a junior quant job, it's more important to show that you have the expertise needed to succeed in the job, demonstrated through a higher degree in mathematics, economics, physics, computer science or similar subjects, the ability to program complicated financial models and excellent communication skills. Many quants also aim to pass the Certificate in Quantitative Finance (CQF), designed by Dr. Paul Wilmott, as another demonstration of skill.
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| Boston - Portfolio Analytics Consultant (performance attribution & risk) | Excelsior Professional Search Commensurate with experience | Boston, MA | 24 May 13 |
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Increase your analytical knowledge & experience, and diversify your day with a wider variety of responsibiliti...
| MSCI Barra Sales Specialist | MSCI Negotiable | Boston, MA | 24 May 13 |
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We are currently seeking an experienced Sales professional to join our Client Coverage Organization in Boston,...
| Sr Account Executive Job | BNY Mellon Competitive | Boston, MA | 24 May 13 |
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| Assistant Portfolio Officer Job | BNY Mellon Competitive | Boston, MA | 24 May 13 |
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| Securities Ops Team Leader II Job | BNY Mellon Competitive | Everett, MA | 24 May 13 |
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| Marketing Manager, Wealth Management Job | BNY Mellon Competitive | Boston, MA | 24 May 13 |
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| Sales Director - Wealth Management Job | BNY Mellon Competitive | Boston, MA | 24 May 13 |
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| Senior Credit Analyst III Job | BNY Mellon Competitive | Boston, MA | 23 May 13 |
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| Quantitative Developer (Oracle PL/SQL-R-UNIX) - Investment Analytics - Boston | Analytic Recruiting Inc. Competitive comp | Boston, MA | 14 May 13 |
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A Boston based Investment Manager is building-out its Investment Analytics and Risk Solutions Application team...
| Web Developer | Acadian Asset Competitive | Boston, MA | 10 May 13 |
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Deliver interactive solutions with rich user experiences. A thorough understanding of visual design principles...
| Model Validation, Quantitative Analyst | State Street Not Specified | Boston, MA | 02 May 13 |
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The Quantitative Analyst will participate in model validation to ensure model risks is correctly identified, ...
| Developer/Quantitative Research Analyst | MFS Investment Management Competitive | Boston, MA | 29 Apr 13 |
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MFS Investment Management is looking for a developer/research analyst to join a team of portfolio managers and...
| Quantitative Research Associate I | MFS Investment Management Competitive | Boston, MA | 29 Apr 13 |
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Job Summary: Using discretion, detail and judgment, provides data analysis and presentation to all areas wit...
| Senior Analyst, Model Integration | Acadian Asset Competitive | Boston, MA | 26 Apr 13 |
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This role is part of Acadian's investment team and the individual will partner with researchers to build tools...
| Quantitative Analyst, Model Validation | State Street Not Specified | Boston, MA | 18 Apr 13 |
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The Quantitative Analyst will participate in the review of models in an effort to identify and minimize State...
| Quantitative Analyst , Corporate Audit | State Street Not Specified | Boston, MA | 10 Apr 13 |
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The Quantitative Analyst will be part of the Corporate Audit Team. In this role the Quantitative Analyst wil...