What is quantitative finance? In the quickly accelerating world of finance, technical advancements and constantly changing regulations have taken financial industries to the situation in which mathematical and statistical modelling has become a requirement. An intelligent person with strong quant skills is usually highly sought after by hedge funds, banks, and other financial institutions.
The practice of quantitative finance used to happen mainly in western cities such as London or New York. When massive banks, hedge funds, or stock trading institutions were first developing to Asia, they would send senior officials from New York or London to selected Asian cities to lead quantitative finance groups.
This has changed a lot, though. Over the last ten years, the worldwide focus of finance has been shifting toward the East – with the Asian market quickly being supplied with liquid assets, intricacy, and autonomy.
Quant Wages in Singapore
According to Glassdoor, a popular job search service, the average salary for a quantitative analyst in Singapore is $125,000 (SPD). Glassdoor calculate this average by receiving anonymous submissions from quant analysts in Singapore about their salaries. The higher end can stretch to $203,000 a year and the lower end is $82,000 a year.
Also, according to Indeed, another job search service, the average salary for quants in Singapore is $128,256 per year, so this backs up Glassdoor’s average annual salary estimate, give or take a few thousand dollars.
Who Hires Quants in Singapore?
The main companies that hire quants in Singapore are banks, investment firms, hedge funds, financial services companies, and trading & technology firms. Some of the top-rated companies that offer quant analyst positions are Barclays, Standard Chartered, ANZ Banking Group, HSBC, and JP Morgan.
Responsibilities of Quant Analysts
Uses mathematical methods to solve issues in finance such as risk management, stock trading, valuation, and market regulation.
Determines the effectiveness of new and existing models, programs, and data.
Liaises with financial analysts to analyse trading techniques, market conditions, and trading method implementation to determine quantitative practices.
Works alongside different teams to support and execute quantitative resolutions.
Supports the development of new and improved analytical computer programs to guarantee compliance with regulations and client specifications.
Determines which data collection methods to use and suggests revisions when required.
How to Learn Quantitative Finance
A lot of people usually take specialised qualifications especially tailored towards quantitative finance instead of university degrees – as they tend to be broader and don’t cover industry specifics in a practical manner, however, courses such as the Certificate of Quantitative Finance (CQF) do.
This quant finance course concentrates on functions of quant finance in real-world scenarios and sectors, such as risk management, insurance, and trading. Also, the CQF also offers additional training on areas such as maths, finance, and computer science, to support you with the fundamentals of quantitative finance.
The CQF is specifically tailored to professionals who want to achieve a higher level in their career. The program is taught by high-level academics with knowledge in quantitative finance and is an extremely substantial accreditation to have.