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What is Quantitative Ability?

Updated on December 11, 2011

If you are currently seeking a job, you might have encountered a position that requires quantitative ability.

If you are unfamiliar with the term, you might have wondered "What is quantitative analysis?"

Quantitative Ability is basically the ability to interpret the meaning in numbers and mathematics.

Many professions require having some mathematical ability, and some occupations will require job applicants to perform a significant amount of work with numerical data - These are the careers that attract people with a high degree of quantitative ability.

Careers Involving Basic Quantitative Ability

Retail

Most of the people who are employed in the retail industry have to be able to work with numbers in some form.

From the store buyer who has to go out and find the next hot product to sell, the marketers promoting the hot item, and all the

way down to the cashier who has to ring up the sale, they all have to be comfortable working with and interpreting numerical data.

Gaming (Casinos)

Every dealer on the casino floor plays a numbers game while they are on the clock, they must constantly calculate odds and payouts.

Financial Services

Virtually every position within the financial services industry requires crunching the numbers.

Everyone from the teller at the window of a bank to the financial analyst in the corporate headquarters of an investment firm - they all need to have a strong ability to work with numbers (money).

Careers Involving Exceptional Quantitative Ability

Beyond simply measuring, estimating and calculating, these fields often demand that employees apply advanced mathematical concepts such as algebra, geometry, and physics.

Being able to apply mathematical skills and tools to solve problems is essential to virtually all careers in science and engineering.

Being comfortable with mathematics and numerical data helps architects design and engineers build structures that will endure for decades.

Quantitative ability helps meteorologists track weather systems and develop accurate forecasts.

Economists and actuaries must have the ability to collect and analyze numerical data, and predict future trends by manipulating statistics, charts, and graphs.

Having a head for math can give you an edge in many lucrative career fields. If you are not lucky enough to have been born with a head for math, what is really exciting is the fact that you can strengthen your ability if you so desire.

Colleges and Vo-Tech schools across the nation offer many courses that will allow you to sharpen your quantitative ability.

You Can Sharpen Your Quantitative Ability
You Can Sharpen Your Quantitative Ability

Comments

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    • bethperry profile image

      Beth Perry 

      6 years ago from Tennesee

      Very interesting! I admit, I'd never heard the term before.

    • profile image

      Derdriu 

      6 years ago

      Rachelle Williams, What an informational, practical and useful summary of the importance of number-crunching in our daily lives and dream careers! You do a really great job of explaining quantitative ability and its impact on daily living skills and work responsibilities. In particular, I like the way you come up with concrete suggestions for those who are quantitatively challenged.

      Thank you for sharing, voted up + all,

      Derdriu

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