Quantitative finance is one of the most lucrative and intellectually challenging career paths in finance. Quants use mathematical models, statistical analysis, and programming to make trading decisions, manage risk, and develop algorithmic trading strategies.
Top quant firms like Jane Street, Citadel, Two Sigma, DE Shaw, and HRT offer some of the highest compensation packages in any industry, with total compensation often exceeding $300K-$500K for entry-level roles and millions for senior positions.
What is a Quant?
A quantitative analyst (quant) is a professional who applies mathematical and statistical methods to financial markets. Quants work at hedge funds, proprietary trading firms, investment banks, and asset management companies.
The role emerged in the 1970s-80s with the development of options pricing models (Black-Scholes) and has grown dramatically with advances in computing power and machine learning.
Top firms hiring quants:
Jane Street
Citadel
Two Sigma
DE Shaw
HRT
Types of Quant Roles
Quant Developer
Build and maintain trading systems, execution infrastructure, and data pipelines.
Quant Researcher
Develop mathematical models, analyze data, and create trading strategies.
Quant Trader
Execute trading strategies, manage risk, and make real-time decisions.
Skills Required
Mathematics
- Linear algebra
- Probability & statistics
- Stochastic calculus
- Optimization
Programming
- Python
- C++
- SQL
- R / MATLAB
Finance
- Market microstructure
- Options & Greeks
- Portfolio theory
- Risk management
Education Path
Undergraduate Degree
Math, Physics, Computer Science, Statistics, or Engineering
Graduate Degree (Optional)
MFE, PhD in STEM, or relevant Master's program
Top MFE Programs
Interview Process
Quant interviews are notoriously challenging and typically include multiple rounds:
Resume Screen
Strong academics
Online Test
Coding & math
Phone Rounds
Technical Q&A
Superday
4-8 hour onsite
Common Interview Topics
Getting Started
Ready to start your quant journey? Here's your roadmap:
Build your math foundation
Master probability, statistics, and linear algebra
Learn to code
Focus on Python and C++ for quant applications
Study finance
Understand markets, derivatives, and trading
Practice interview questions
Use MyntBit to prepare for real interviews
Apply broadly
Target internships and entry-level roles at multiple firms
Frequently Asked Questions
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Quant Salary Guide 2025: How Much Do Quants Make?
Comprehensive breakdown of quant salaries at Jane Street, Citadel, Two Sigma, and more.