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Quantitative Research Analyst Jobs in Virginia (NOW HIRING)

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Quantitative Research Analyst information

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$56K

$132.7K

$237.9K

How much do quantitative research analyst jobs pay per year?

As of Sep 3, 2026, the average yearly pay for quantitative research analyst in Virginia is $132,729.00, according to ZipRecruiter salary data. Most workers in this role earn between $110,500.00 and $144,300.00 per year, depending on experience, location, and employer.

What is a quantitative research analyst?

Quantitative Research Analysts are professionals who use mathematical, statistical, and computational techniques to analyze financial and economic data. They develop models to identify trends, forecast market behavior, and support decision-making in areas like investment management, risk assessment, and trading. Their work often involves programming, data analysis, and designing algorithms to solve complex problems. Quantitative Research Analysts are commonly employed by banks, hedge funds, asset management firms, and financial institutions.

What are the key skills and qualifications needed to thrive as a quantitative research analyst?

To thrive as a Quantitative Research Analyst, you need a strong foundation in statistics, mathematics, data analysis, and typically a degree in a quantitative field such as economics, finance, or applied mathematics. Proficiency with programming languages like Python, R, or MATLAB, and experience with statistical software and data visualization tools are commonly required. Attention to detail, critical thinking, and effective communication skills help analysts interpret complex data and present actionable insights. These skills are vital for producing reliable research, informing decision-making, and delivering value in data-driven environments.

How do quantitative research analysts typically collaborate with portfolio managers and other teams in an investment firm?

Quantitative Research Analysts frequently work closely with portfolio managers to develop, test, and refine investment strategies based on data-driven insights. This collaboration often involves presenting research findings, discussing model assumptions, and tailoring quantitative tools to meet specific portfolio objectives. Analysts also interact with technology and data teams to ensure the integrity and accessibility of financial datasets, and may coordinate with risk management professionals to validate model robustness. Effective communication and teamwork are essential, as research outcomes directly influence investment decisions and overall firm performance.

What is the difference between Quantitative Research Analyst vs Data Analyst?

AspectQuantitative Research AnalystData Analyst
Required CredentialsBachelor's or master's in finance, economics, statisticsBachelor's in data science, statistics, or related field
Work EnvironmentFinancial firms, investment banks, hedge fundsCorporations, marketing agencies, tech companies
Employer & Industry UsageFinance, investment, bankingBusiness, marketing, tech
Common Search & ComparisonYesYes

While both roles analyze data, Quantitative Research Analysts focus on developing models for financial decision-making, often working in finance and investment sectors. Data Analysts interpret data to inform business strategies across various industries. The key difference lies in their industry focus and the complexity of financial modeling involved.

What job categories do people searching Quantitative Research Analyst jobs in Virginia look for?

The top searched job categories for Quantitative Research Analyst jobs in Virginia are:

Infographic showing various Quantitative Research Analyst job openings in Virginia as of August 2026, with employment types broken down into 1% Internship, 1% As Needed, 83% Full Time, 12% Part Time, 1% Temporary, and 2% Contract. Highlights an 83% Physical, 4% Hybrid, and 13% Remote job distribution, with an average salary of $132,729 per year, or $63.8 per hour.

$105K - $165K/yr

Full-time

Medical, Life, Retirement

Re-posted 10 days ago


Job description

Overview

Systems Planning and Analysis, Inc. (SPA) delivers high-impact, technical solutions to complex national security issues. With over 50 years of business expertise and consistent growth, we are known for continuous innovation for our government customers, in both the US and abroad. Our exceptionally talented team is highly collaborative in spirit and practice, producing Results that Matter. Come work with the best! We offer opportunity, unique challenges, and clear-sighted commitment to the mission. SPA: Objective. Responsive. Trusted.  

We are seeking an experienced Operations Research Analyst to support key DoD programs in the National Capital Region. In this role, you will apply advanced analytic techniques, modeling and simulation tools, and clear communication skills to help senior decisionmakers evaluate complex defense challenges. The ideal candidate brings strong quantitative expertise, demonstrated experience with datadriven analysis, and the ability to excel in a fastpaced, collaborative environment while obtaining and maintaining Top Secret/SCI eligibility.

SPA has a nearterm need for an Operations Research Analyst. #KS

Responsibilities

The successful candidate will contribute to project teams by building digital models, running simulations, analyzing complex data, and supporting clear communication of results.

Daytoday responsibilities include:

  • Developing digital models of complex realworld systems using commercial and proprietary tools.
  • Designing, building, and executing constructive simulations using best practices for design of experiments.
  • Analyzing and synthesizing large data sets using diverse analytic frameworks and statistical methods.
  • Preparing presentations, reports, and other deliverables to convey findings and recommendations.
  • Balancing tasks across multiple projects and maintaining regular communication with task leads.
Qualifications

This position supports DoD programs in the National Capital Region and requires strong analytic, technical, and communication skills to inform decisionmaking across complex defense challenges. The main office is located at the SPA Main HQ building in Alexandria, VA.

Required Qualifications:

  • Bachelor's degree in Operations Research, Mathematics, Engineering, Data Science, or a closely related field
  • At least three years of professional experience in operations research, modeling and simulation, or modelbased systems engineering. 
  • Demonstrated proficiency in data analysis and visualization using Excel, Python, R, Tableau, or other tools
  • Proven ability to apply structured, rigorous analytic methodologies to complex problem-solving
  • Strong written and verbal communication skills, including the ability to deliver clear technical presentations
  • An active or recent DoD security clearance

Desired Qualifications: 

  • Experience supporting DoD organizations, acquisition programs, or capability development activities
  • Familiarity with modeling and simulation tools commonly used in defense analysis (e.g., CAMEO, AFSIM, STK, AnyLogic) or mission-level modeling and simulation
  • Knowledge of design of experiments, statistical modeling, or machine learning methods
  •  
Pay Range InformationAt SPA, we strive to deliver a robust total compensation package that will attract and retain top talent. Elements of the compensation package include competitive base pay and variable compensation opportunities. SPA provides eligible employees with an opportunity to enroll in a variety of benefit programs, generally including health insurance, flexible spending accounts, health savings accounts, retirement savings plans, life and disability insurance programs, and a number of programs that provide for both paid and unpaid time away from work. The specific programs and options available to any given employee may vary depending on eligibility factors such as geographic location, date of hire, etc. Please note that the salary information shown below is a general guideline only. Salaries are commensurate with experience and qualifications, as well as market and business considerations. Virginia, Pay Transparency Salary range: USD $105,000.00/Yr. - USD $165,000.00/Yr.Employment Type: FULL_TIME