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Associate Quantitative Analyst Jobs in Silver Spring, MD

Prospective candidates must possess a strong academic record, excellent analytical and quantitative ... Associates' responsibilities may include: * Building quantitative models using financial and/or ...

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Associate Quantitative Analyst information

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$3.4K

$6.5K

$9.3K

How much do associate quantitative analyst jobs pay per month?

As of Aug 17, 2026, the average monthly pay for associate quantitative analyst in Silver Spring, MD is $6,503.08, according to ZipRecruiter salary data. Most workers in this role earn between $5,900.00 and $6,933.33 per month, depending on experience, location, and employer.

What are some common challenges an associate quantitative analyst faces when transitioning from academia to industry?

One common challenge for Associate Quantitative Analysts moving from academia to industry is adapting to the fast-paced, results-driven environment where deadlines and business impacts are prioritized over theoretical exploration. Unlike academic research, industry projects often require quick, practical solutions and effective communication with non-technical stakeholders. Additionally, analysts may need to balance multiple projects simultaneously and collaborate closely with teams such as risk management, IT, and trading desks. Developing strong project management and communication skills can help ease this transition.

What is the difference between Associate Quantitative Analyst vs Quantitative Analyst?

AspectAssociate Quantitative AnalystQuantitative Analyst
Required CredentialsBachelor's degree in finance, mathematics, or related field; some roles may require a master'sBachelor's or master's degree in quantitative fields; often more experience required
Work EnvironmentEntry-level position in finance or investment firms, supporting senior analystsMid-level role, involved in developing models and strategies in finance firms
Employer & Industry UsageCommon in asset management, hedge funds, investment banksUsed across similar financial institutions, often as a step toward senior roles

The Associate Quantitative Analyst typically holds an entry-level position with a focus on supporting quantitative teams, while a Quantitative Analyst usually has more experience and takes on more complex modeling tasks. Both roles are essential in financial analysis, but the associate role often serves as a stepping stone to becoming a full Quantitative Analyst.

What are the key skills and qualifications needed to thrive as an associate quantitative analyst?

To thrive as an Associate Quantitative Analyst, you need strong analytical skills, advanced proficiency in mathematics and statistics, and typically a degree in a quantitative field such as mathematics, statistics, finance, or engineering. Familiarity with programming languages like Python or R, experience with statistical modeling tools, and knowledge of data analysis platforms are commonly required. Attention to detail, problem-solving ability, and effective communication skills help you interpret data and collaborate with team members. These skills are crucial for developing accurate models, providing actionable insights, and supporting data-driven decision-making in complex financial environments.

What does an associate quantitative analyst do?

An Associate Quantitative Analyst is responsible for applying mathematical, statistical, and analytical methods to financial and risk management problems. Their tasks often include building financial models, analyzing large datasets, and supporting senior analysts or portfolio managers with data-driven insights. They typically use programming languages like Python, R, or MATLAB to develop algorithms and test investment strategies. Associate Quantitative Analysts play a crucial role in helping organizations make data-informed decisions in areas such as trading, asset management, and risk assessment.

What are the most commonly searched types of Quantitative Analyst jobs in Silver Spring, MD?

The most popular types of Quantitative Analyst jobs in Silver Spring, MD are:

What are popular job titles related to Associate Quantitative Analyst jobs in Silver Spring, MD?

For Associate Quantitative Analyst jobs in Silver Spring, MD, the most frequently searched job titles are:

What job categories do people searching Associate Quantitative Analyst jobs in Silver Spring, MD look for?

The top searched job categories for Associate Quantitative Analyst jobs in Silver Spring, MD are:

What cities near Silver Spring, MD are hiring for Associate Quantitative Analyst jobs?

Cities near Silver Spring, MD with the most Associate Quantitative Analyst job openings:

Principal Research Associate - Healthcare Data Analytics - Hybrid

Westat

Bethesda, MD

$63K - $63K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 10 days ago


Westat rating

7.5

Company rating: 7.5 out of 10

Based on 6 frontline employees who took The Breakroom Quiz

54th of 73 rated research


Job description

Westat is a leader in research, data collection and analysis, technical assistance, evaluation, and communications. Our evidence-based findings help clients in government and the private sector accelerate advancements in health, education, transportation, and social and economic policy. Our dedication to improving lives through research and our approach to projects grounded in investigative curiosity, statistical and data rigor, adaptive methods, and advanced technology are why clients find exceptional value in our work. 
We value regular in-person collaboration, hybrid candidates will work a minimum of 2 days per week at our Bethesda, Maryland office or at one of our other Westat office locations. 
Please include a cover letter when submitting your application.
Job Responsibilities:            

  • Serve in various technical roles using data transformation, extract-transform-load (ETL), and quantitative research methods for a variety of large, complex projects for the Centers for Medicare & Medicaid Services (CMS) and other federal clients.
  • Independently conduct programming and analysis activities using SQL, Python, R, and Databricks to ingest, link, clean, create, and manipulate complex datasets including Medicare/Medicaid claims and administrative data.
  • Conduct quantitative analysis, interpret results, and prepare internal and client reports.
  • Conduct quality assurance of other technical staff members' technical specifications, documentation, analytic code, and output.
  • Communicate quantitative results verbally and in writing for a variety of internal and external audiences. Participate in business development activities, as needed.
Basic Qualifications:            
  • A master's degree in a relevant discipline and 8+ years of related experience, or a bachelor's degree and 15+ years of related experience.
  • Experience conducting health services research independently and on multidisciplinary teams.
  • Quantitative analytic expertise using SQL, SAS, R, Python, and/or Databricks.
  • Experience working with Medicare claims and other Medicare administrative data related to beneficiaries, providers, and provider enrollment such as Provider Enrollment, Chain, and Ownership System (PECOS).
  • Experience working in the CMS IDR-C or Databricks environments.
  • Experience working on CMS contracts.
Preferred Qualifications:   
  • Experience working on contracts to support CMMI implementation and monitoring of alternative payment models.
  • Task leadership experience.
  • Ability to summarize or synthesize information for different audiences and purposes.
  • Ability to work independently and manage time effectively to coordinate completion of projects and tasks.

Westat offers a well-rounded and comprehensive benefits program focused on wellness and work/life balance. Subject to plan requirements, employees may participate in:

  • Employee Stock Ownership Plan
  • 401(k) Retirement Plan
  • Paid Parental Leave
  • Vacation Leave  (20 days per year)
  • Sick Leave  (9 days per year)
  • Holiday Leave  (7 government holidays and 2 floating holidays per year)
  • Professional Development
  • Health Advocate
  • Employee Assistance Program
  • Travel Accident Insurance
  • Medical Insurance
  • Dental Insurance
  • Vision Insurance
  • Short Term Disability Insurance
  • Long Term Disability Insurance
  • Life and AD&D Insurance
  • Critical Illness Insurance
  • Supplemental Life Insurance
  • Flexible Spending Account
  • Health Savings Account

Any offer of employment may be contingent upon receipt of acceptable results from a post-offer background screening, if required for the specific position, which may include, for example, identity verification, employment history, motor vehicle driving record history, and criminal or sexual offender records history. Any background screening results will be evaluated through an individualized assessment based on the individual's specific record and the duties and requirements of the position.

This opportunity will be posted for a minimum of 5 days and applications will be accepted on an ongoing basis.

Employment Eligibility: This is a U.S.-based position. Candidates must be authorized to work in the United States on a full-time basis. Westat does not offer employment-based visa sponsorship (including H-1B sponsorship) for this role. Depending on project requirements, some positions may require employees to meet specific residency criteria.

Westat is an Equal Opportunity Employer and does not discriminate on the basis of race, creed, color, religion, sex, national origin, age, veteran status, disability, marital status, sexual orientation, citizenship status, genetic information, or any other protected status under applicable law. It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.
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