Quantitative skills are objective, numerical, and measurable. They include the application of numbers in various forms and can be applied to everything from the design of evaluation surveys and experiments to the application of digital media, archives, or open data.
Key Quantitative Skills
- Math and Mathematical Reasoning Skills
Math is applied in both our everyday life and professional life. Strong mathematical skills allow us to solve responsibilities more effectively, such as money counting, time management, investment arrangements to accounting, and the preparing of financial forecasts.
2. Analytical Skills
This is an ability to highlight substantial connections. It assists to establish and structure relationships between information elements and build a holistic and discerned image of a subject.
3. Survey Skills
As a research method, a survey is applied for collecting data and getting insights for various purposes. Personnel can develop standardised procedures to collect data and ensure a level playing field for each respondent to prevent any prejudiced opinions that could influence the result.
4. Science Skills
The science process is natural for our minds. We can apply it in any situation that requires vital thinking. This skill includes six main components: observing, classifying, measuring, communicating, inferring, and predicting.
5. Research Skills
Research skills are the ability to search, collect, analyse, interpret, and assess information relevant to the subject. They include report writing, vital thinking and analysis, planning and scheduling, data collection, etc.
Best Roles to Apply Quantitative Skills
Personnel with good quantitative abilities are needed in various industries: corporate, philanthropy, politics, science, public sector, etc. They mainly hold the roles required to achieve sphere goals. These are leadership, managerial, or research positions.
We have created a categorised list of the most popular jobs that apply quantitative skills.
- Investigative journalists
- Researchers for print, TV, and online media
- Evidence-based policymakers
- Political aides and opinion pollsters
- Government economists, statisticians, and researchers
- Civil Facility managers
- Pressure groups
- Trade union representatives
- Public facilities
- Police teams and prison officers
- Local authority strategists
- Finance and personnel managers
- Expert advisors and inspectors
- Neighbourhood planners
- Private sector
- CEO and industry officials
- Finance managers
- PR and industry analysts
- Management consultants
- Investment designers and architects
- NGOs and charities
- Project coordinators
- Lobbyists and activists
- Fund managers and fundraisers
- Social statisticians
- Charity personnel
Application of Quantitative Skills in a Cover Letter or CV
One of the most important steps in a role search is to create high-quality self-presentations: CV and cover letter. Applicants’ documents should catch the recruiter’s eyes and be prominent from the hundreds of other applicants. Significant application documents can assist applicants to get invited to an interview.
The presentation of skills is an essential aspect of the perfect application. Skills are divided into two groups: solid and soft. The distinction between them rests in how they are acquired. Solid skills are professional and can be taught, while soft skills are universal competencies acquired with personal experience.
Quantitative skills belong to the soft category. Since they are in high demand, it is necessary to properly show them in both the CV and cover letter.
Quantitative Skills in a CV
Every CV should have a soft skills section where you can mention your quantitative expertise. If an applicant wants to write a chronological resume and show previous experience in chronological sequence, we recommend the applicant lists the skills as the final section next to your contact information.
When writing a functional CV, focused more on experience than on chronological employment history, quantitative skills should be highlighted all through the resume. List them in order of priority, taking into account the role requirements.
It is important to remember that a CV should fit 2 pages maximum (depending on employment experience).
If the description of the applicant’s employment experience and education takes up too much space and the CV turn into a lengthy autobiography, we advise that applicants integrate their quantitative skills into a cover letter.
Quantitative Skills in a Cover Letter
A cover letter gives applicants an excellent opportunity to show their soft skills and provide the employer with the chance to discover more with regard to who they are and what they can offer.
Our recommendation to applicants is to highlight quantitative skills, mentioning situations that describe accomplishments. Here are some examples of powerful phrases that can assist applicants display their quantitative skills:
- Time management has always been vital to me. This skill assists me to plan successful annual budget conferences, reaching all the goals and comprehending the dynamics.
- My ability to quickly analyse large amounts of information assists me to develop relevant practical recommendations on increasing the efficiency of operation processes.
- Due to my experience, I am well-versed in research and data analysis, and can present detailed information in a scientific manner.
- While employed with a team of mathematicians and engineers to analyse investment data for stock trading, I contributed to 90% of our firm’s successful investments.
- My master’s thesis assisted me in the development of strong quantitative skills. I set myself targets to review more than 70 statistical sources, and as a result, identified topics that required further research. I would like to discuss my quantitative, analytical, and leadership skills in more detail during the interview.
Applying Quantitative Research Skills as an Additional Advantage
Quantitative research is a systematic investigation for collecting basic quantifiable data and processing it applying statistical, mathematical, or computational methods.
Quantitative research can give answers to such questions as ‘how much’ and ‘how often.’ These results are essential when developing a sphere folder for new investments or facilities. Moreover, it can be beneficial for making sphere decisions. For instance, personnel can apply sampling or surveys to collect information from existing and potential investors in the form of numbers. The analysis of these numbers can assist to predict the future of the investment or facility and make relevant updates or changes over time.
Here are some more examples of how to demonstrate quantitative research skills in a cover letter or during the interview:
- When company X asked with the question, ‘How happy are our investors with the facilities we provided?’ I initiated an investor satisfaction survey. I collected quantitative data of the facilities based on such parameters as price, quality of investor facility, etc. I also applied the net promoter score (NPS) question and matrix table questions. The analysis of the numbers assisted to develop new strategies and increased investor satisfaction by 30%.
- After conducting a conference on web facilities, I began collecting response from participants to discover whether the event was beneficial for them. My event survey template assisted me to receive effective response which was applied to improve the organisation of future events.
How to Improve Quantitative Reasoning Skills
Quantitative reasoning is also known as quantitative literacy or quantitative numeracy. In simple words, it means doing math (that is the quantitative part) and explaining how this math functions, how important it is, and how it influences us while applying our logical skills (that is the reasoning part).
Extensive quantitative reasoning skills better define successful managers, doctors, architects, engineers, scientists, sales representatives, etc. It improves vital thinking skills and allows us to identify the most relevant and accurate decisions based on numerical information.
Here are some ideas on how to improve quantitative reasoning:
- Mental math with no calculator – train to multiply double digits in the brain with no calculator. This will better improve maths skills which are essential for quantitative reasoning.
- Illustration math – to improve skills in making assumptions, we recommend the practice of common industry sizing topics such as investment volumes
- Books – theory is always beneficial. Read books on quantitative reasoning and analysis to extend knowledge
- Tables and Graphs – Develop skills of employing tables and graphs, and deriving results based on analysis.
- Online learning courses – Typically, online courses combine theory and practice in the form of assessment. There is also a chance to talk to the course tutors to receive comments. We recommend the following from our investment school: Investment Management and Sphere, Finance, and Investment Programmes.
Quantitative skills present the ability and willingness to change perception of the subject if the numerical data analysed shows the need. Including them in bundle of skills will make a better candidate for a position.
Employ our tips to demonstrate quantitative skills in the best way to potential employers, applying a convincing CV and cover letter.