Why India’s Youth Should Consider Quantitative Finance as a Career Option


Getting a job in quantitative finance is a rewarding possibility for a large number of people in India. With large salaries and complex workloads, quantitative finance is one of the most pursued-after fields in finance, and for a good reason. To be considered for a role, you have to have the right qualifications and a good level of experience.

To successfully oversee movements in a complicated financial environment, investment banks, hedge funds, and private equity firms are always on the lookout for professionals with a competent knowledge of risk management, trading, portfolio management, and machine learning.

1)    Demand for Quant Analysts is growing

So, why is the demand for quants in India growing so rapidly? One of the main drivers for this is the abundance of data available in this day and age and the collection of it. Data collection used to be performed solely by humans, and so the process was exceptionally slow. In today’s digital age, however, consumers own products that enable data collection such as phones, Smart TVs, and computers, which most companies use to collect valuable data about their customers. Due to this, businesses now have prolific amounts of data that needs to be analyzed – this is where quants come into play.

Because of the constant growth in this industry, it is extremely important to stay up to date with the goings-on in the world of quantitative finance. The demand for quants is only going to grow, especially in the risk management industry, as a variety of financial regulations are always being implemented.

2)    Intellectually Challenging & Financially Rewarding

Quant jobs are fulfilling both financially and intellectually. Wages in the financial sector are usually quite high. Because of the difficulty of the work and the high level of knowledge required to succeed in this kind of position, quantitative analysts are generally very well remunerated, especially if they work for a business that deals primarily with money, such as banks, trading businesses, and wealth and portfolio management.

Being a quant is mentally demanding, an essential part of the job is to explain and resolve complicated challenges while working under pressure. Having a job in this field involves research, the development and implementation of mathematical models, data analysis, and general financial knowledge – all intellectually challenging tasks.

3)    Huge Variety of Roles Available

There are a wide variety of roles available in quantitative finance. Because of this, quants of many different skill sets can find themselves a decent role. The main areas in quantitative finance are quant trading, technology, quant strategies, and research, portfolio management, risk management, data science, and machine learning. Within all of these areas, there is a big emphasis on analytical skills, communication skills, financial acumen, and technical expertise.

To brush up on the expertise needed to get one of these roles, many professionals choose to earn a specialized quantitative finance course called the CQF (Certificate in Quantitative Finance). This program is targeted at people trying for a career in quant finance. It teaches techniques used by quants in the real world and is highly recognized by employers internationally.

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