# Quantitative Analyst

*Careers & Credentials — Finicade finance glossary*

A quant builds the mathematical models behind pricing, risk and trading. The role splits into distinct tracks: desk quants pricing derivatives, risk quants validating models, and researchers building systematic strategies. Backgrounds are typically PhD-level in maths, physics or computer science, and the differentiating skill in practice is production-quality code rather than theory alone.

**Also known as:** quant, quant researcher, quant developer

**Related terms:** [Black–Scholes Model](https://finicade.com/glossary/black-scholes), [Monte Carlo Simulation](https://finicade.com/glossary/monte-carlo), [Statistical Arbitrage](https://finicade.com/glossary/statistical-arbitrage), [Model Risk](https://finicade.com/glossary/model-risk), [Algorithmic Trading](https://finicade.com/glossary/algorithmic-trading)

**Taught in:** Charter Climb — The Summit — Charter Final

Source: https://finicade.com/glossary/quantitative-analyst