Becoming a Quantitative Analyst

If you’ve always had an aptitude for using math to sort out your problems, then becoming a quantitative analyst, or a ‘quant,’ could be for you. Well, why wouldn’t you want to put your talents with numbers to good use, to have them forge for you a good career, and then make you some good money?

If becoming a quant is the direction you want to take on your career path in, then make sure to heed the advice below.

Get the necessary qualifications

To become a quant as early as you possibly can in life, you need to be dedicating yourself to doing so even while you’re in high school. At this time, you should, unsurprisingly, be focusing heavily on math, but you should also be focusing on technology too. Doing so will see you hone not only your calculus skills but also your abilities to wield the latest computer tech — the ability to do the latter will benefit you greatly in the later stages of your career progression.

This next stage is earning a bachelor’s degree, majoring in either statistics, finance or economics. Doing so, and at a school renowned for their math and technology departments, will see you get the qualification and the standing you need to take yourself onto your final necessary hurdle in education, a master’s degree. Taking an Applied Economics degree program at postgrad level will teach you the quantitative skills needed to form sound strategies that will work in real-life situations in specific organizations, in wider industries and even in all of society, and it will get you your ticket to becoming a quant. If you want to make it the most senior levels of the quantitative analyst career ladder, then you should also be getting yourself a PhD in Mathematical Finance.

Get used to the different software you’ll be using

All that effort you put into familiarizing yourself with technology will all be worth it when you come to getting used to the different software you’ll be using as a professional quant. Once out of education, you should be doing all you can to know the basics of how software such as Java and Python work, as employers will look for this in their hiring process.

Get yourself a job as a quantitative developer

Whether being a quantitative developer is your end goal or not, it pays for this to be your first job outside of education. It will help you to learn all about the industry, specifically about all the latest and forecasted trends; it will teach you how to work closely with other analysts, as well as how to go away and work on your own; and it will give you the chance to get hands-on with statistical coding. Doing all of this will stand you in good stead going forward in your quest to become a fully-fledged quant.

For lovers of math who want a career that is intellectually stimulating as well as highly financially lucrative, becoming a quantitative analyst is the way to go.

Leave a Reply

Your email address will not be published. Required fields are marked *