STEM OPT Quantitative Research Analyst Jobs
Quantitative Research Analyst roles sit squarely within STEM-designated fields, making them strong fits for F-1 students seeking the 24-month STEM OPT extension. Your employer must be enrolled in E-Verify, and your degree in mathematics, statistics, computer science, or a related STEM field must map to an eligible CIP code to qualify.
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INTRODUCTION
At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.
Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.
Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.
At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!
ROLE AND RESPONSIBILITIES
This job is responsible for supporting analytical work efforts for various projects within a Line of Business or business discipline. Key responsibilities include leveraging databases to acquire client and performance data, transforming extracted data into meaningful insights and trends, and delivering those insights to leaders to make complex business decisions. Job expectations include working with business partners to understand, coordinate, and deliver agreed upon priorities while communicating complex data outputs and delivering the appropriate summary and data required.
Responsibilities:
- Supports the extraction of data using a variety of programming languages, such as SQL, SAS, Python, or Spark/Scala, and applies knowledge of relational and non-relational database systems housed on both on-premise and off-premise (hybrid) platforms
- Connects provisioned data across multiple sources and performs necessary transformations utilizing both technical, business, and process knowledge to transform data into meaningful values and insights
- Performs quantitative techniques and analysis on customer, transaction, and performance data with the guidance from other analysts and supervisors, based on questions provided by business partners, and provides actionable insights for business partners to make informed decisions
- Follows requirements developed by other analysts and supervisors to perform required research, analytics, and exploration on appropriate and accurate data sources to provide appropriate deliverables
- Communicates complex subjects in a simple and engaging manner to non-technical and technical business partners using software such as Power Point, Word, Excel, and Tableau
- Assists with conducting quality comparison checks on analysis output and escalates data inconsistencies, gaps, or issues to leadership
- Follows quality workflow process and documentation requirements to adhere to standards and provide business continuity
As a Client Quantitative Analyst, your main responsibilities will involve:
- Clearly documenting and effectively communicating quantitative methods as part of ongoing engagement with key stakeholders, including the lines of business, risk managers, and technology
- Independently conducting quantitative analytics and developing new innovative analytic processes when needed
- Applying quantitative methods to further analytical capabilities that support BSA/AML compliance programs
- Maintaining and continuously enhancing these capabilities over time to respond to the changing nature of risks, economic conditions and evolving client behavior
BASIC QUALIFICATIONS
- Ability to use data tools and techniques to find and deliver data from various sources of record
- Proven communications skills in describing complex data to inform strategic insights and decisions
- Bachelor’s Degree or higher in finance, math/statistics, computer science or another quantitative field (for example, engineering, operations management)
- Coursework in finance, math/statistics and/or computer science
- 2+ years of experience in applied data science or quantitative research or related role
- Strong analytical and problem-solving skills
- Strong technical writing, communication and presentation skills and ability to effectively communicate quantitative topics to a non-technical audience
- Ability to manipulate data from structured and unstructured sources
- Experience extracting and merging data from different database environments, including Hadoop
- Ability to work effectively in a fast-paced high-consequence environment
PREFERRED QUALIFICATIONS
- Master’s Degree or higher in finance, math/statistics, computer science or another quantitative field (for example, engineering, operations management)
- Believes in value of diversity so we can reflect, connect and meet the diverse needs of our clients and employees around the world
- Strives to bring new thoughts and ideas to teams in order to drive innovation and unique solutions
- Knowledge of statistical sampling, optimization, machine learning, predictive modeling, and artificial intelligence techniques
- Effective at prioritization/time and project management
- Broad understanding of financial products and experience supporting highly regulated initiatives in a large complex financial institution
- Experience gathering and communicating business requirements between technology product owners and engineering teams
Skills:
- Business Analytics
- Data Mining
- Data and Trend Analysis
- Analytical Thinking
- Business Intelligence
- Data Quality Management
- Data Visualization
- Application Development
- Business Acumen
- Continuous Improvement
- Innovative Thinking
- Quality Assurance
Shift:
1st shift (United States of America)
Hours Per Week:
40
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Get Access To All JobsTips for Finding STEM OPT Authorization as a Quantitative Research Analyst
Verify your CIP code before applying
Check that your degree's Classification of Instructional Programs code appears on the STEM OPT designated degree program list. Statistics, applied mathematics, financial engineering, and computer science programs almost always qualify, but interdisciplinary degrees sometimes don't.
Confirm E-Verify enrollment before accepting offers
Ask recruiters directly whether the firm is enrolled in E-Verify before you invest time in later interview rounds. Hedge funds and boutique quant shops sometimes aren't enrolled, even when they're otherwise willing to hire OPT students.
Use Migrate Mate to target verified sponsors
Search Quantitative Research Analyst roles on Migrate Mate, which filters for employers with confirmed STEM OPT hiring history. This cuts out the guesswork of cold-applying to firms that have never filed for OPT students.
Benchmark your offer against DOL prevailing wages
Pull the wage level for your specific role and metro area using the OFLC Wage Search before you negotiate. Employers filing a training plan under STEM OPT must pay you the prevailing wage for your occupation, so knowing Level II or III rates gives you a factual baseline.
File your I-983 training plan before your OPT end date
Work with your DSO to submit the I-983 at least 90 days before your initial OPT expires. Quantitative research roles must describe specific learning objectives tied to your STEM degree, not generic job duties, or USCIS can reject the plan.
Understand cap-gap coverage if you're H-1B selected
If your employer files an H-1B visa petition and you're selected in the lottery, cap-gap automatically extends your STEM OPT work authorization through September 30. Confirm your employer intends to file in March so you can plan your authorization timeline accurately.
Frequently Asked Questions
Does a Quantitative Research Analyst role qualify for the STEM OPT extension?
Yes, in most cases. The role falls under SOC codes tied to mathematical science and operations research occupations, which are covered by STEM OPT. Your degree, not just your job title, must also map to an eligible CIP code on the STEM designated degree program list. Degrees in statistics, applied mathematics, financial engineering, and computer science routinely qualify. Confirm your specific CIP code with your DSO before filing.
What does my employer need to do to support my STEM OPT?
Your employer must be enrolled in E-Verify and must sign the I-983 training plan alongside you. The plan requires them to describe specific technical skills and learning objectives your role will develop, not just list your job duties. They also must attest that you'll be paid at least the prevailing wage for your occupation and location, as determined by DOL wage data. Employers who have never hired STEM OPT students before sometimes underestimate this paperwork burden.
How do I find Quantitative Research Analyst positions where the employer is already enrolled in E-Verify?
Migrate Mate filters for employers with confirmed STEM OPT hiring history, so you can focus on firms that are already enrolled in E-Verify and familiar with the I-983 process. This matters especially in the quant space, where many boutique hedge funds and prop trading firms are willing to hire but haven't completed E-Verify enrollment, which disqualifies them as STEM OPT employers regardless of intent.
What happens to my STEM OPT if my employer's E-Verify enrollment lapses?
Your STEM OPT authorization is tied to your employer maintaining active E-Verify enrollment throughout your extension period. If enrollment lapses, you're technically out of status even if you continue working. USCIS requires ongoing compliance, not just enrollment at the time of filing. Verify your employer's E-Verify status with your DSO periodically, and confirm it again before each annual I-983 attestation.
What happens to my work authorization if I'm selected in the H-1B lottery while on STEM OPT?
Cap-gap protection automatically extends your STEM OPT work authorization if your employer files an H-1B petition on your behalf and you're selected. Your authorization continues through September 30 of that year, bridging the gap until the H-1B start date of October 1. Your employer must file the petition before your STEM OPT expires for cap-gap to apply. Confirm the filing timeline with your employer well before the March registration window closes.