A quant analyst is a person who analyses data using a variety of computer programs, algorithms and mathematical models – that analysis is then relayed in reports to several departments in their business. The basic job role of an analyst in quant finance is using data to try and make conclusions about what could happen to financial markets and industries.
Quants use a mixture of techniques and experience from a wide variety of subjects, such as mathematics, computer programming, and finance.
Why Should You Become a Quant Analyst?
One of the main reasons why you should become a quant analyst is because there is such a high demand for them in the quant finance industry. Quants are highly useful for many industries, which means that there are constantly quant finance roles available. With various emerging markets in quantitative finance, such as machine learning and data science, cryptocurrencies, and quantum computing.
As well as the high demand, quant jobs are also well-paid, and sometimes come with incredible yearly bonuses. A lot of the businesses that hire quants include wealth management firms, hedge funds, and banks and so this why a lot of quant jobs come with very attractive pay packets.
Necessary Qualifications
University courses can be a great way to learn the basics of quantitative finance. Subjects such as computer programming, maths, and general finance degrees are all beneficial in the field of quantitative finance. Because of this, a degree in one of these many different subjects would be a good starting point before going to undertake more specific quantitative finance courses and qualifications.
As well as university courses, another way to get a good basic understanding is to do an internship or get an entry-level job in finance. This can give you a one-up on a lot of applicants, as firms are always looking for experienced quants.
Being in a quant analyst role is also difficult and exciting, as a significant part of the job is to solve complex problems while working under pressure. Working in quant finance entails research, the creation and implementation of databases, and data assessment.
Getting into Quant Finance Through CQF
An excellent way of getting on the path to quant finance is through the specialised course, the Certificate in Quantitative Finance (CQF). It was designed for professionals in finance looking to take their career up a level. It is delivered by Fitch Learning and is taught by some of the best practitioners in the quant finance industry.
The CQF is one of the best certifications to have for those wanting to find their way into quantitative finance. The program is a significantly beneficial qualification to have as it is recognised by employers in the industry.
The course is also very accommodating to those with other things going on in their life to think about. The course offers flexible learning options, which means it is delivered online, and can be completed in just six months, with the option to defer for up to three years at no extra cost.