Quantitative Skills: Definition, Examples And Tips

By Indeed Editorial Team

Published 10 May 2022

The Indeed Editorial Team comprises a diverse and talented team of writers, researchers and subject matter experts equipped with Indeed's data and insights to deliver useful tips to help guide your career journey.

Quantitative skills, or quantifiable skills, refer to the ability to make empirical enquiries through computational, mathematical or statistical data gathering and analysis. Companies value employees with these skills as they are useful for identifying trends that can influence business decisions. Learning more about these skills and developing your quantitative expertise is a good way to become more employable. In this article, we describe quantitative skills with some examples, list jobs where these skills are useful, share examples to demonstrate how you can incorporate them into your cover letter and resume and provide tips on honing your quantifiable skills.

What are quantitative skills?

Any skills that use or manipulate numbers are quantitative skills. They help you to make sense of numerical, categorical or ordinal data and scientific concepts. Some examples of areas where quantitative expertise is essential are statistics, algebra, economics, finance and business. These skills are often relevant in almost every discipline.

It can be easier to understand quantitative capabilities if you compare them to qualitative ones. While you can observe but not measure qualitative skills, quantitative aptitudes are objective, numerical and measurable. For example, qualitative skills, like trust, resilience, creativity and communication, are flexible, evolving and centred around the nature and behaviour of the person. While quantitative abilities, like research, calculation and analysis, are more fixed, structured and are used to predict and control external circumstances. A quantitative skill set is more tangible and developable.

Related: Different High Income Skills

Types of quantifiable skills

Here are the different types of quantifiable skills you can use in your professional life:

Mathematical skills

Mathematical skills involve both verbal and non-verbal components. These skills are especially useful in the finance and accounting professions. Common mathematical skills include number sense, representation, spatial sense, measurement, estimation, approximation, pattern recognition and analysis, applied maths, problem-solving, critical thinking and computational abilities. On an advanced level, it may also include quick calculation abilities, information organisation and mathematical, inductive and deductive reasoning.

Scientific skills

Scientific skills help you to understand the natural world and the changes made to it by human activity. You use scientific knowledge to identify and answer questions. You can also make decisions and draw conclusions based on facts. Common scientific process skills include observing, classifying, measuring, communicating, inferring and predicting. Science-related jobs can involve practical applications of these skills, such as controlling variables, defining operations, formulating hypotheses, interpreting data, experimenting and formulating models.

Related: Skills Test: Definition And Examples

Survey skills

You can use surveys to gather quantitative data for analysis. It is a research method for collecting data insights for different purposes by asking the same question in the same way to a large group of people. Survey skills include designing questionnaires, creating sample forms and developing other standardised procedures. The aim is to collect data from each respondent while avoiding any bias that could influence the outcome. Common survey skills include critical thinking, reading comprehension, active listening, complex problem solving, judgment and decision making, active learning, systems analysis and evaluation, coordination, persuasion, instruction, monitoring, social perceptiveness and negotiation.

Research skills

Researching is your ability to find answers to questions by searching, collecting, interpreting and assessing information relevant to the subject. The most crucial aspects of this skill are identifying your objective, finding high-quality sources and practising good organisation. It involves searching for information, attention to detail, taking notes, report writing, critical thinking, time management, planning and scheduling, data collection, data organisation, problem-solving and communicating results. In a company, you may use research to investigate competitors, analyse customers and research markets.

Analytical skills

Analysis means taking in new information and mentally processing it to better understand a problem. Your analytical skills help to establish and structure relationships between information by identifying substantial connections or trends. It involves thinking critically, organising data, analysing data, mining data, theorising, diagnostics, evaluating and decision making, problem-solving and forecasting. Analytical skills are valuable across a variety of professions.

Read more: 10 Valuable Data Analysis Skills

Examples of how to include quantifiable skills in your resume and cover letter

Two of the most important documents for getting interviews and jobs are resumes and cover letters. Showcasing your quantitative skill-set in these documents lets your employer know of your capabilities. Although there is no fixed way to do this, the following resume and cover letter examples can show you how to incorporate your quantitative abilities into these documents:

Example resume

In a resume, you can list your quantitative expertise under the 'soft skills' section. You can also mention those skills when describing your job responsibilities. This is how it looks in a sample finance resume:

Shifa Jahan
Gwalior, Madhya Pradesh| 256-522-2651 | shifajahan@gmail.com

Professional Summary
Finance professional with over three years of experience in accounting, finance management, financial reporting and internal control. Proven track record in optimising cash flow, reducing costs, driving efficiency and integrity in finances by analysing and resolving complex accounting, reporting and regulatory issues.

Skills
Interpersonal skills, problem-solving skills, communication skills, capacity for innovation, financial reporting, analytical ability, management experience, commercial acumen, knowledge of digital tools

Work Experience
Accounting and Finance Manager
Cashable Corporation, New Delhi, 2021–Current

  • Oversaw daily operations of the accounting department, including financial data monitoring, financial reports, preparation and compliance with accounting methods, policies and principles

  • Executed vendor setup and payment, administration of bank accounts, account reconciliation, operational expenses and other core financial processes

  • Prepared and filed taxes, managed office administrative functions and formulated annual budgets, cash forecasts and variance reports

  • Decreased monthly expenditure by 15% by effectively reviewing documents and identifying problem areas.

  • Saved the company ₹7,50,000 by identifying a major discrepancy in monthly cash flow

Financial Analyst
Initiation and Co., Ponda, Goa, 2019–2021

  • Evaluated competitor data and statistics to develop a business investment strategy and drive growth

  • Delivered financial oversight and advised corporate stakeholders to improve strategic planning

  • Audited, balanced and reconciled payroll for over 300 personnel

Education
Bachelor of Science in finance and accounting
Gwalior State University, 2016–2019

Related: Professional Resume Samples To Help You Land A Job

Example cover letter

In a cover letter, displaying your quantitative aptitude can help the employer discover who you are and what you can offer. Try highlighting these skills by mentioning situations where you have used them and by describing what you have accomplished. Here is a sample research assistant cover letter to demonstrate how you can do this:

*Sayantani Ghosh
Kolkata, West Bengal
456-982-1254
tanighosh@gamil.com

March 26, 2022

Dr Rajendra Verma
Synthesis College of Science and Technology
G.T Road, Howrah, West Bengal - 711102

Dear Dr Verma,*
My name is Sayantani Ghosh and I am writing to you regarding the Research Assistant position in the Department of Microbiology at Synthesis College of Science and Technology. As a postgraduate in microbiology from the same college, I have the academic background required to be a competent contributor to your research team. Assisting with your research in microbiology also directly compliments my career as I plan to pursue a doctorate degree in this field.

I have previous experience as a research assistant intern at HKLO University which has helped me develop my methodology, data analysis and research techniques. During this internship, I gained exposure to research in genome expression and organisation and genetic manipulation. This valuable experience, coupled with my university training in molecular biology, cell culture and bioinformatics, has made me well-versed in microbiological research and taught me how to present detailed information in a scientific manner.

Thank you for taking the time to read my application. I would appreciate the chance to discuss my quantitative, analytical and research skills in more detail during the interview. I look forward to hearing from you.

Sincerely,
{Your physical signature}
Sayantani Ghosh

Related: Writing A Cover Letter: Tips And Examples

Tips to develop quantifiable skills

While people generally possess quantitative capabilities, there are ways to enhance them even further. Here are some suggestions to help you develop your quantitative skill-set:

  • Get comfortable with numbers: Actively engage with problems associated with numbers. It can be something simple, like calculating your grocery bill or something complex, like solving differential equations.

  • Read more: Make it a habit to go through books, journals, articles, research papers and other sources of information in your area of expertise. Increasing your knowledge and awareness helps you to develop your quantitative abilities.

  • Clear your concepts: Go through complex mathematical and scientific concepts and try to make them as easy for yourself as possible. If you understand a concept, it becomes easier to work with it.

  • Prioritise accuracy: Always check solved problems for errors. Go back and work on a problem again if it increases the accuracy of your work.

  • Allot time limits: While working on quantitative problems, allow yourself a specific amount of time to solve them. This is necessary for improving speed and productivity.

  • Practise a lot: Take tests and quizzes and solve as many questions of as many types as you can. The more you practise, the more you can enhance your quantitative abilities.

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