Quantitative finance is one of the most intellectually challenging and financially rewarding career paths available. Quants use mathematical models, statistical analysis, and programming to make trading decisions, develop strategies, and build the systems that power modern markets.
Whether you're a student exploring career options, a professional considering a switch, or already in the industry looking to level up, this guide covers everything you need to know about quant finance in 2026.
Quick Navigation
What is a Quant?
A quantitative analyst (quant) is a professional who applies mathematical and statistical methods to financial problems. The term covers a wide range of roles, from building trading algorithms to pricing exotic derivatives to developing risk models.
Quants work at various types of firms:
- Proprietary Trading Firms - Trade the firm's own capital (Jane Street, HRT, Jump)
- Hedge Funds - Manage external capital with quantitative strategies (Citadel, Two Sigma, DE Shaw)
- Investment Banks - Pricing, risk management, and electronic trading (Goldman Sachs, Morgan Stanley)
- Asset Managers - Quantitative portfolio management (AQR, Dimensional, Bridgewater)
Types of Quant Roles
The three main types of quant roles have distinct focuses and skill requirements:
Quant Developer
$250K-$1.5MBuild and maintain trading systems, execution infrastructure, and data pipelines.
Quant Researcher
$200K-$3M+Develop mathematical models, analyze data, and create trading strategies.
Quant Trader
$200K-$10M+Execute trading strategies, manage risk, and make real-time market decisions.
Required Skills
Mathematics
- Probability & Statistics
- Linear Algebra
- Stochastic Calculus
- Optimization
Programming
- Python (research, ML)
- C++ (systems, HFT)
- SQL (data analysis)
- Linux/Unix systems
Finance
- Market Microstructure
- Options & Derivatives
- Portfolio Theory
- Risk Management
Soft Skills
- Problem Solving
- Clear Communication
- Fast Learning
- Attention to Detail
Compensation Overview
Quant compensation is among the highest in any industry. Here's what to expect at top firms:
* Total compensation includes base salary + bonus. Top performers at top firms can earn significantly more.
Top Quant Firms in 2026
Jane Street
Citadel
Two Sigma
DE Shaw
HRT
How to Get In
Breaking into quant finance requires a combination of education, skills, and deliberate preparation. Here's the typical path:
1. Build Your Foundation
Study math, CS, or physics. Focus on probability, statistics, and programming.
2. Develop Technical Skills
Master Python and/or C++. Build projects that demonstrate your abilities.
3. Prepare for Interviews
Practice probability puzzles, coding challenges, and brain teasers extensively.
4. Apply Strategically
Target internships early. Apply to multiple firms. Network at recruiting events.
Explore Our Guides
How to Become a Quant in 2026
Step-by-step career guide with education paths and skills needed.
Quant Salary Guide 2026
Comprehensive breakdown of compensation by role, firm, and level.
Quant Interview Prep 2026
Complete preparation guide for quant interviews at top firms.
Quant Resources
Curated books, courses, and tools for aspiring quants.