Define: Quant

UK Accounting Glossary

Definition: Quant


Quick Summary of Quant


Colloquialism for a quantitative analyst, someone who does numerical analysis to predict market action.



What is the dictionary definition of Quant?

Dictionary Definition


A financial jargon term for a Quantitative analyst, someone who applies mathematical techniques to financial investment.


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Full Definition of Quant


On Wall Street, a quant is an expert in quantitative finance. The term has been popularized in the title to the book, “My Life as a Quant”, by Emanuel Derman.

Derman epitomizes the quant. He trained in theoretical physics at Columbia then went on to work as a quant on Wall Street. Derman is best known as one of the namesakes in the landmark US treasury yield curve model, the Black-Derman-Toy model. Collaborator Fischer Black of Black Sholes option pricing model fame is certainly a quant, too.

Not every quant is so famous as these two, but every quant is expected to know some advanced mathematics. Typical quant areas of expertise include stochastic calculus and time series analysis.

The term quant has a connotation of computer programming excellence, too, since the numerical methods for pricing securities must be programmed into efficient algorithms for computers to perform a real-time valuation.


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Examples of Quant in a sentence


The finance department needs a quant, and Human Resources is sending invitations to the local university.
The job of a quant is to discover trends using financial data.



Cite Term


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Page URL
https://payrollheaven.com/define/quant/
Modern Language Association (MLA):
Quant. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. March 31, 2020 https://payrollheaven.com/define/quant/.
Chicago Manual of Style (CMS):
Quant. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/quant/ (accessed: March 31, 2020).
American Psychological Association (APA):
Quant. PayrollHeaven.com. Retrieved March 31, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/quant/

Definition Sources


Definitions for Quant are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 6th February 2020.