Quantum Jobs List
Finance Jobs in Quantum
Find quantum finance jobs in modeling, optimization, and analytics, from entry level to senior roles
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FAQs
What does a quantum finance professional do?
A quantum finance specialist uses quantum computing techniques to address complex challenges in finance, such as portfolio optimization, pricing of derivatives, and analysis of risk. This includes creating quantum algorithms for rapid Monte Carlo simulations, developing models for quantum fraud detection, and applying quantum techniques for asset allocation. Such people are employed in investment banks, hedge funds, fintech companies, and quantum computing companies that develop applications for finance. They combine quantum technology and finance to develop unique trading and risk management strategies.
How much do quantum finance professionals earn?
Entry-level quantum finance positions pay $95,000 to $140,000 a year. Mid-career professionals earn $140,000 to $200,000 yearly. Senior quantum finance experts at major investment banks make $180,000 to $250,000 in base salary, with total compensation reaching $315,000 to $350,000, including bonuses and equity. JPMorgan quantum jobs typically pay around $135,000 for associates while $315,000 for executive directors. The finance industry generally offers higher salaries than pure research roles due to direct revenue impact. You can read more about Quantum Jobs salaries here.
What skills are needed for quantum finance roles?
A quantum finance specialist should be familiar with quantum computing, finance, and both fields. A quantum finance specialist should also value and develop skills in innovative areas such as financial modeling, portfolio optimization, pricing of derivatives, and risk management. Along with this, they should develop skills and concepts in quantum algorithms, the quantum programming language (which uses Python), and the framework Qiskit Finance, as well as the quantum theories of superposition and entanglement.
Many of such positions request that applicants hold degrees in disciplines such as physics, mathematics, finance, computer science, and other quantitative domains of study. However, good programming skills are emphasized.
Which financial institutions hire quantum professionals?
Big investment banks, including JPMorgan Chase, Goldman Sachs, Citi, Wells Fargo, and HSBC, have quantum research departments. Asset management firms like Fidelity, BlackRock, and BNP Paribas explore quantum applications. Tech companies IBM, D-Wave, Google, and Microsoft develop quantum finance solutions. Hedge funds and fintech startups increasingly hire quantum experts. Banks often collaborate with quantum computing companies on contracts and research, creating extra opportunities.
Suggested Read: Quantum Banking & Finance jobs and skills
What are common quantum finance applications?
Quantum algorithms can optimize portfolios and use quantum Monte Carlo methods to price options and derivatives. They also help with risk assessment, fraud detection through quantum machine learning, and securing financial systems with post-quantum cryptography. Quantum algorithms for predictive trading and arbitrage opportunities are being investigated by trading firms. Quantum machine learning methods are also applicable to credit scoring and loan default predictions.
Do quantum finance jobs require both finance and physics expertise?
You don’t need to be an expert in both. Many professionals start in finance or physics and learn the other set of skills along the way. Quantum finance practitioners come from diverse backgrounds, and physics graduates are often quantum machine learning practitioners. Joint finance and quantum computing online courses, such as those offered by IBM and Microsoft, are available, as are certification-based programs accessible through various educational platforms.
In large part, the finance and physics dual degree is unnecessary, but the understanding is beneficial. Collaborative functions exist, and team structures are designed so that finance and quantum professionals work together.
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