Quantitative Analyst Salary

An average Quantitative Analyst in the United States can expect to take home roughly $83K per year. With some bonuses approaching $39K and certain profit sharing proceeds approaching $20K, overall incomes of Quantitative Analysts spread between $54K and $143K depending on individual performance. The most important factor affecting compensation for this group is geography, followed by experience level and the specific company. Making up 75 percent of those who took the survey, male Quantitative Analysts greatly outnumber their female counterparts. Almost all enjoy medical while a large number get dental coverage. Vision coverage is also available to the larger part. Job satisfaction is reported as high by the vast majority of workers. The data for this snapshot was collected from individuals who took PayScale's salary survey.
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$53,760 - $121,560
(Median)
$54K
$83K
$120K
MEDIAN: $83,249
10%
50%
90%

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$11.58 - $54.63
(Median)
$12
$30
$55
MEDIAN: $30
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$50K$100K$150K
Salary
$53,760 - $121,560  
   
Bonus
$1,860 - $39,149  
Profit Sharing
$0.00 - $20,134  
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).
)
$54,456 - $143,470  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 438
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$25$50$75
Hourly Rate
$11.58 - $54.63  
   
Overtime
$60.00  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$50K$100K$150K
Bonus
$1,860 - $39,149  
   
Profit Sharing
$0.00 - $20,134  
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).
)
$54,456 - $143,470  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 10
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Job Description for Quantitative Analyst

Quantitative analysts are tasked with devising strategies for maximum efficiency when it comes to trading stock. They work closely with other mathematical professionals to continuously improve trading protocols and strategies, and must combine all the skills they've learned in school, including mathematics, finance, and computer skills, to maximize the profits of their business.

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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.

Quantitative Analyst Job Listings

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Popular Employer Salaries for Quantitative Analyst


Popular Skills for Quantitative Analyst


Survey respondents exploit a significant toolbox of skills in their work. Most notably, facility with C++, Python, and Matlab are correlated to pay that is significantly above average, leading to increases of 24 percent, 21 percent, and 13 percent, respectively. Skills that are correlated to lower pay, on the other hand, include Microsoft Excel, Statistical Analysis, and Data Analysis. The majority of those who know Data Analysis also know Microsoft Excel and SQL.

Pay Difference by Location

National Average: $88,286

Larger city markers indicate a job is popular in that location.

With a pay rate for Quantitative Analysts that is 29 percent greater than the national average, San Francisco offers a comfortable salary for those in this profession. Quantitative Analysts will also find cushy salaries in New York (+28 percent) and Houston (+19 percent). The lowest-paying market is Washington, which sits 24 percent below the national average, proving that location is a significant contributor to overall pay. Not at the bottom but still paying below the median are employers in Indianapolis and Minneapolis (15 percent lower and 12 percent lower, respectively).

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Experience Affects Quantitative Analyst Salaries



National Average
$88,000


Skills That Affect Quantitative Analyst Salaries

C++
up arrow 24%

Python
up arrow 21%

up arrow 13%

Financial Modeling
up arrow 11%

VBA
up arrow 11%

Financial Analysis
up arrow 11%

Data Modeling
up arrow 3%

R
up arrow 3%

SQL
0%

National Average
$88,000

SAS
up arrow 3%


Statistical Analysis
up arrow 9%


Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 57 votes.

Gender

Female
25 %
Male
75 %

Years of Experience

Less than 1 year
21%
1-4 years
51%
5-9 years
20%
10-19 years
8%
20 years or more
0%

Common Health Benefits

medical benefits
Medical: 91%
dental benefits
Dental: 82%
medical benefits
Vision: 69%
dental benefits
None: 7%
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