Quantitative Analysis
What is a quantitative analyst?
Quantitative analysts specialize in specific areas of finance that feature mathematical and statistical methods for derivative structuring or pricing, risk management, algorithmic trading, and investment management. Upwork offers access to a variety of quantitative analysts representing multiple levels of expertise, experience, and capability.
How do you hire a quantitative analyst?
You can source quantitative analyst talent on Upwork by following these three steps:
- Write a project description. You’ll want to determine your scope of work and the skills and requirements you are looking for in a quantitative analyst.
- Post it on Upwork. Once you’ve written a project description, post it to Upwork. Simply follow the prompts to help you input the information you collected to scope out your project.
- Shortlist and interview quantitative analysts. Once the proposals start coming in, create a shortlist of the professionals you want to interview.
Of these three steps, your project description is where you will determine your scope of work and the specific type of quantitative analyst you need to complete your project.
How much does it cost to hire a quantitative analyst?
Rates can vary due to many factors, including expertise and experience, location, and market conditions.
- An experienced quantitative analyst may command higher fees but also work faster, have more-specialized areas of expertise, and deliver higher-quality work.
- A contractor who is still in the process of building a client base may price their quantitative analyst services more competitively.
Which one is right for you will depend on the specifics of your project.
How do you write a quantitative analyst job post?
Your job post is your chance to describe your project scope, budget, and talent needs. Although you don’t need a full job description as you would when hiring an employee, aim to provide enough detail for a contractor to know if they’re the right fit for the project.
Job post title
Create a simple title that describes exactly what you’re looking for. The idea is to target the keywords that your ideal candidate is likely to type into a job search bar to find your project. Here are some sample quantitative analyst job post titles:
- Market analyst needed to research investment owned utilities
- Investment team in need of quantitative analyst to establish pricing models
- Credit analyst using various quantitative methods wanted for financial institution
Project description
An effective quantitative analyst job post should include:
- Scope of work: From portfolio optimization to conducting statistical research, list all the deliverables you’ll need.
- Project length: Your job post should indicate whether this is a smaller or larger project.
- Background: If you prefer experience with certain industries, software, or methodology, mention this here.
- Budget: Set a budget and note your preference for hourly rates vs. fixed-price contracts.
Quantitative analyst job responsibilities
Here are some examples of quantitative analyst job responsibilities:
- Participate in the idea-generation process with the investment team
- Interact with the asset management team to understand macroeconomic and risk management issues
- Provide ongoing statistical research and development to improve existing models
Quantitative analyst job requirements and qualifications
Be sure to include any requirements and qualifications you’re looking for in a quantitative analyst. Here are some examples:
- Master’s degree in finance or economics required
- Comprehensive knowledge of portfolio construction theory
- Minimum five years experience in finance or economics role