Quantitative Analyst Positions Start Your Career

Quantitative analyst positions are essential for the effective working of the banking system, both in the investing of client funds and in the assessment of prices which will be set when new issues are released. These positions are considered to be the lowest within investment banking, and are the entry level positions which are given to graduates when they first join an investment bank. It is uncommon for anyone to stay in this role for more than a few years, and they are usually either promoted or moved across to another part of the business.


An investment banking analyst works within a type of bank which may not be familiar to many in mainstream society, who associate the term banking with making deposits and withdrawals, having a checking and savings account, and borrowing money. This is a completely different type of operation, and most investment banks make their profits in two different ways. The most important is by overseeing the placement of new stock issues into the market, to raise capital for corporations. This is the very basis of the economic system of the Western world, and analysts are needed to determine the price at which the issue should be sold.

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Investment banks also usually have an arm which is involved in the management of client funds, usually the funds of institutional investors and wealthy individuals. This management of funds obviously needs choices to be made of where to place the money, and these choices can only be made accurately with a comprehensive analysis of the market. Analysts do not need to be innovators or to have an exceptional understanding of what causes price movements, as they are using computer technology which has built in algorithms based on previous price movements and probability.

The position of quantitative analyst is usually the one which you will move into once you have finished your college education. If you are intending to land a career in investment banking, you will need to be prepared to go through this initial phase, and to work your way through the ranks. It is not always necessary, as there are some MBA students which are hunted by the banks before they even get to finish their studies, but this is rare. You can never assume that this will happen, even if you are on a high level MBA course, and are achieving exceptional results.

Working as an analyst brings you an above average income, and gives you the opportunity to prove your capabilities to the investment bank which has given you this chance. There is always a percentage of analysts who are given an internal promotion relatively quickly, to become associates. There are obviously no guarantees that this will happen in any individual case, but it is always possible. People who are promoted to associate are expected to remain in the role for a long time, so do not accept this position if you have the desire to move over to the investing side of the business.

A quantitative analyst will seldom stay in the same job for more than three years. They will usually either be promoted, or moved to another section of the investment bank. If you feel that you are not getting the recognition you deserve, there is always the possibility of moving to another bank. The only problem with this is that the clock effectively starts again, and you will need to prove your capabilities to the new bank. Nevertheless, many investment bankers have had to take that step before they finally found the right platform for proving their skills as a quantitative analyst.




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