Quants: The Rocket Scientists of Wall Street 

Quantitative analysts are professionals who understand the complex mathematical models that price financial securities and are able to enhance them to generate profits and reduce risk. As financial securities have become increasingly complex, demand has grown steadily for quantitative analysts, often called simply “quants,” or even the colloquially affectionate “quant geeks.”

Because of the challenging nature of the work—which needs to blend mathematics, finance, and computer skills effectively—quant analysts are in great demand and able to command very high salaries. Here’s a look at what they do, where they work, how much they earn, and what knowledge is required, to help you decide whether this may be the career for you.