what is a QA analyst?

As a quantitative analyst (QA), you develop methodologies and algorithms for managing portfolios and accurately valuing the market. Your skills are in high demand in today's unpredictable market conditions. Financial institutions and businesses require your assistance in identifying lucrative investment opportunities and managing risks. Your work involves helping different organisations, such as manufacturing or mining companies, to break even and find new investment opportunities. Investment banks, private equity companies and fund managers need your expertise.

Your role involves creating and implementing statistical methods, mathematical models, and complex algorithms to analyse data for risk assessment and portfolio management. Your job is to provide valuable insights by simplifying complex data, which banks or financial institutions can utilise to make informed decisions. Investment firms rely on your knowledge to maximise favourable market conditions while minimising risks. Additionally, you evaluate securities trading systems or market trends and assess investment performance.

To succeed as a QA analyst, you need technical skills in using statistical and mathematical models. Your programming abilities enable you to develop algorithms for data analysis. Good presentation and communication skills are also essential since you present your findings to various stakeholders.

Would working as a QA analyst suit your programming skills? Then read on to find out what competencies and qualifications you need to thrive in a QA analyst role.

QA analyst jobs

average QA analyst salary

According to the Economic Research Institute, your average salary as a QA analyst in Greece is approximately €47,000 per year, with an average hourly rate of €23. When you are new in the role, you start with a salary of approximately €30,000 per year. The lower earnings are due to your minimal experience and qualifications. As you improve your experience and boost your qualifications, your earnings are gradually increasing and may reach around €57,000 per year.

what factors affect the salary of a QA analyst?

The compensation package of QA analysts in Greece depends on various factors. The main determinants of your earnings are work experience and qualifications. When you have additional qualifications or certifications, you earn a higher salary. Work experience improves your expertise, and you handle complex duties, which allows you to demand a higher salary.

Working as a quantitative analyst in a large company has numerous perks. Large organisations have unlimited resources and can afford to pay higher salaries. Besides, the complexity of the tasks improves your earning prospects. Working in a small company reduces your earning prospects due to the limited resources available.

As a QA analyst, the location also influences your earnings. When you work in large cities, you are likely to earn more due to the high demand for QA analysts. Smaller towns have a low demand for QA analysts, and you start with a slightly lower salary.

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types of QA analysts

Some of the types of QA analysts include:

woman working in the office with laptop
woman working in the office with laptop

working as a QA analyst

If you are interested in working as a QA analyst, check out the duties, daily responsibilities and work environments in the role.


QA analyst skills and education

To become a QA analyst in Greece, you require the following educational qualifications:

  • Education: to get started as a quantitative analyst, pursue a bachelor's degree in maths, statistics, economics or finance. These courses equip you with the hard skills required to analyse risks and perform your roles.
  • Work experience: to excel in your role, you require extensive experience in your field of interest. Building your programming skills helps you excel in statistical modelling and data analysis. As a QA analyst, it helps to become a member of the CFA Society Greece and have certifications to boost your credentials, such as Chartered Financial Analyst (CFA). You can also get a Certificate in Quantitative Finance (CQF).

competencies and characteristics of QA analysts

Some of the qualities of quantitative analysts include the following:

  • Technical expertise: as a QA analyst, you require technical skills in modelling, computer software applications and data analysis. You also rely on computer programming knowledge to develop statistical models or algorithmic trading models. Your technical expertise is valuable in performing your duties, and you can improve them through academic qualifications.
  • Communication skills: after performing analysis, you relay your findings to the relevant stakeholders. You also interpret the results of your analysis to senior managers and shareholders. Communication skills help you explain complex analytical data in simple terms.
  • Problem-solving skills: as a quantitative analyst, you determine the best stocks to trade and determine risk factors affecting the investment. When problems arise in algorithmic trading models, you rely on your problem-solving ability to resolve the issues.
  • Organisation skills: as a QA analyst, you work on multiple projects and perform analysis for different departments. You rely on organisation skills to prioritise tasks and remain calm under pressure.


Here, you will find the answers to the most frequently asked questions about the profession of QA analyst.

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