Quantitative analysts, also known as quantum analysts, use mathematical models and statistical techniques to analyze financial data and make trading decisions. They develop algorithms and models to assess risk and predict market developments. Their goal is to identify potential investment opportunities and make informed decisions based on data-based analysis.
In Germany, you can expect an average annual salary of between €63,000 and €68,000 gross for a quantitative analyst. According to Glassdoor, the average annual salary is about €65,000 gross, with the estimated basic salary starting at €63,000 gross per year and the total salary estimated at about €68,000 gross. Overall, the average salary for analysts, according to Es, is about €4,500 gross per year, although no specific data for quantitative analysts is offered.
To work as a quantitative analyst, a degree in mathematics, statistics, physics, computer science, or a related field is usually required. Many employers prefer candidates with a master's or doctoral degree. Practical experience in financial analysis or dealing with complex data models is also an advantage.
Quantitative analysts have a wide range of career opportunities in the financial industry, working in investment banks, hedge funds, asset management or financial services companies.
