What is a quant? (explained by a quant developer)
By Coding Jesus
Quant Developer
About
A quant developer is a programmer who develops various strategies with the help of a programming language. They are responsible for providing financial solutions to the quantitative trading industry. Quantitative developers, thus, need to have a thorough knowledge of applied mathematics, statistical models, algorithms and scientific computing.
Education
Certification
Programming Language such as C++/Python
Bachelor's
Mathematics, Statistics, or a quantitative field
Master's
Computational Finance, Quantitative FInance/Economics, or a related field
Ph.d
Quantitative discipline
Skills Required
Job Prospects
- Front Office Developers
- Middle Office Developers
- Back Office Developers
- Platform Development Manager
Salary / Annum
1,500,000
Fresher3,000,000
Average5,000,000
ExperiencedCities Data
Jobs Outlook
- A downside is that the job is not as creative and free as that of an analyst and is usually considered less important.
- Quantitative developers usually work at an investment bank, a hedge fund, a brokerage firm or a financial securities firm.
- There is a projected 12% job growth rate between 2019 and 2029 for a quant developer.
Promising Profiles
Sahil Swaroop
Co-Founder at SonicAlpha
Varun Gupta
VP of Quantitative Development at NatWest Markets
