A Quantitative Analyst earns an average salary of $78,969 per year. People in this job generally don't have more than 10 years' experience. The skills that increase pay for this job the most are C++ and Matlab. Experience strongly influences income for this job.
Quantitative Analyst Total Pay (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$50,397 - $114,660
(Median)
50K
60K
79K
98K
110K
MEDIAN: $78,968
10%
25%
50%
75%
90%
Add this chart to your site

National Salary Data

 (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$50K$100K$150K
Salary
$50,397 - $114,660  
   
Bonus
$979 - $26,750  
Profit Sharing
$1,021 - $20,322  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$50,573 - $129,746  
PayScale
Country: United States | Currency: USD | Updated: 18 Apr 2014 | Individuals Reporting: 253
Is Quantitative Analyst your job title? Get a personalized salary report!
Location:
United States (change)
Years in Field/Career:

Quantitative Analyst Job Listings

Search for more jobs:
job title / company
location
Job Description for Quantitative Analyst
Quantitative analysts, or "quants," are masters of statistics who work in the financial world. They analyze statistics and market trends to make determinations based on the study and analysis of current financial trends and past economic patterns. Using this information, they create models for trading equities and futures. These financial engineers use educated speculation and logical analysis to make the best possible investment decisions for their employers. They work with a team of mathematicians, engineers and physicists to develop optimal systematic strategies for trading stock. They also write programs, research and perform daily statistical analysis, and solve problems to optimize trading strategies. This requires working with high-end mathematics to determine the appropriate levels of risk management and derivative pricing. They must also maintain and modify these analytical models while in use and define and recommend model specifications or data collection methods. Quantitative analysts produce written summaries interpreting results of their analytical procedures to present to their employers and clients. Using all this information, they write requirement documentation that will be used by software developers. Their duties also include researching new products or analytics to determine their usefulness in the marketplace. Quantitative analysts generally work in financial institutions or high-end offices. This position may also have the privilege of working from home. In order to perform well in this position, the analyst must have an advanced knowledge of calculus, engineering, and game theory and superb programming skills, especially in C++. This highly competitive field requires a well-rounded analytical education with emphasis on mathematics and computer skills. Most employers require a master's degree or PhD in a specialized finance field. Continued education is also required to stay abreast of changing technology.
Quantitative Analyst Tasks
  • Perform risk analytics, loan pricing, and default risk modeling,
  • Design tests and experiments to collect data and test new models and programs
  • Assist in the construction and execution of portfolio management.
  • Research and analyze market statistics to develop, test, validate, execute, and maintain analytical software programs and quantitative models.
  • Query, consolidate, and present data to senior management.
Popular Skills for Quantitative Analyst
Pay Difference By Location
Houston
up arrow 39%
up arrow 27%
National Average
$83,000
Boston
up arrow 26%
Washington
up arrow 27%
Larger circles over a city indicate a job is popular in that location.
Related Job Salaries

Experience Affects Quantitative Analyst Salaries

Experienced
up arrow 59%
National Average
$83,000

Skills That Affect Quantitative Analyst Salaries

C++
up arrow 20%
Matlab
up arrow 18%
National Average
$83,000
Data Modeling
up arrow 1%
SAS
up arrow 1%
SQL
up arrow 3%
Data Analysis
up arrow 5%
Microsoft Excel
up arrow 11%
Job Satisfaction
Extremely satisfied Image
Extremely satisfied
Rated 5 out of 5 based on 45 votes.
Gender
Female
25%
female alumni
 
Male
75%
male alumni
Years of Experience
Less than 1 year
19%
1-4 years
53%
5-9 years
24%
10-19 years
4%
20 years or more
0%
Common Health Benefits
medical benefits Medical: 88% dental benefits Dental: 74%
vision benefits Vision: 62% employee benefits None: 12%
Find Out Exactly What You Should Be Paid
Job Title:
Years in Field/Career:
Location:
United States (change)
- OR -