• Quants are masters of statistics and use a combination of educated speculation and logical analysis to make the best possible investment decisions for their employers and their clients.

Salary

• As of May 2010, Payscale lists the median annual salary range of a quant as $60,063 through $92,849, although quantitative analysis directors can bring home significantly more---their median salary stretches from $122,399 through $230,919. The final salary will vary based on level of education, geographical region, and years of experience. Payscale reports the highest median wages for quants in New York City, Minneapolis, Houston, Denver, Boston, Chicago and Atlanta.

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