Quantitative Developers: The Programmers of Wall Street

These special developers make an average of $154,211 a year

If you are looking for a career in a lucrative and interesting job, then you may want to take a look at a little known field called Quantitative Development. People in this field are called Quants or Quantitative Developers and make an average of about $154,211 USD a year as of Feb. 2021 according to Zip Recruiter. Out of the nation, the state that pays the most (above the average) for these developers is California.

Quantitative developers (also known as quants) are programmers who write code and develops trading infrastructure usually for investment banks. They create software that uses statistical techniques and different technologies to solve complex and challenging problems in finance like creating financial models, and forecasts. They are coders with a mix of knowledge in computer science, finance, applied mathematics, statistical modeling, and scientific computing.

What Do Quantitative Developers Do ?

A quantitative developer creates and tests financial models and forecasts, they validate and document the performance of financial models, they analyze the performance results, and they report on the data to traders, and financial engineers. They basically develop trading strategies…