Kerry Whisnant, an avid St. Louis Cardinals fan and professor of physics at Iowa State University, may be on to something that will greatly impact team winning percentages. Mathematical models that he and other fanatic baseball statisticians have helped produce may accurately predict teams' successes. Whisnant and other members of the Society for American Baseball Research have analyzed...
Quantitative Financial Market Analyst
A quantitative financial market analyst is a person who works in finance using numerical or quantitative techniques.
Low-end Salary:
$46,322/yr
Median Salary:
$75,000/yr
High-end Salary:
$120,000/yr Education:
Quantitative financial market analysts often come from mathematics or physics backgrounds rather than finance related fields, and they are a major source of employment for people with physics and mathematics Ph.D's.
Math Required:
College Algebra
Trigonometry
Calculus I and II
Differential Equations
Linear Algebra
When Math Is Used:
A typical problem for a numerically oriented quantitative analyst would be to develop a model for pricing and managing a complex derivative product.
Potential Employers:
Quantitative financial market analysts work in the financial markets, specifically in the banking industry to support trading and sales functions.
Facts:
Harry Markowitz's 1952 Ph.D thesis "Portfolio Selection" was one of the first papers to formally adapt mathematical concepts to finance.
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Quote Of The Day
"I feel my training in mathematics provided me with the invaluable ability to apply logic, reason, and careful quantitative, as well as qualitative, analysis to my work. These thought processes are desired and applicable to almost any field."
Senior Engineer
Figures represent salary potential.
© BYU Mathematics Department 2009
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Mathematical Association of America