Quantitative Analyst Salary (United States)

A relatively junior crowd, about three-quarters of Quantitative Analysts have fewer than five years of experience under their belt and the average salary for the field is $84,093 per year. The top of the range reaches $130,773 per year, and the bottom approaches $50,314. Geographic location is the biggest factor affecting pay for this group, followed by experience level. Benefits are common in this line of work, with most reporting medical and dental coverage and more than half collecting vision insurance. Generally, women make up less than a third of all Quantitative Analysts. The majority of workers are highly satisfied with their job. This report is based on responses to the PayScale salary survey.
Quantitative Analyst Salary (?
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.
)
$50,215 - $116,272
(Median)
50K
60K
80K
98K
120K
MEDIAN: $80,312
10%
25%
50%
75%
90%
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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
$50,215 - $116,272  
   
Bonus
$977 - $29,011  
Profit Sharing
$1,474 - $20,112  
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).
)
$50,314 - $130,773  
PayScale
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 262
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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.

Quantitative Analyst Job Listings

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Popular Skills for Quantitative Analyst

Quantitative Analysts report using a large range of skills on the job. Most notably, skills in VBA, Matlab, C++, and Financial Modeling are correlated to pay that is above average, with boosts of 17 percent, 17 percent, 16 percent, and 16 percent, respectively. Skills that are correlated to lower pay, on the other hand, include Microsoft Excel and Statistical Analysis. Those familiar with Data Modeling tend to be well-versed in Matlab. For most people, competency in Data Analysis indicates knowledge of Microsoft Excel.

Pay Difference By Location

Houston
up arrow 37%
San Francisco
up arrow 35%
up arrow 26%
National Average
$84,000
up arrow 23%
Washington
up arrow 28%
Larger circles over a city indicate a job is popular in that location.
Houston is home to an above-average pay rate for Quantitative Analysts, 37 percent higher than the national average. Quantitative Analysts will also find cushy salaries in San Francisco (+35 percent) and New York (+26 percent). Location significantly influences compensation, with Washington Quantitative Analysts earning much less—28 percent less—than the national average.

Related Job Salaries

Experience Affects Quantitative Analyst Salaries

National Average
$84,000

Skills That Affect Quantitative Analyst Salaries

Matlab
up arrow 17%
VBA
up arrow 17%
C++
up arrow 16%
Financial Modeling
up arrow 13%
Python
up arrow 8%
Data Modeling
up arrow 3%
National Average
$84,000
Data Analysis
up arrow 2%
SAS
up arrow 2%
SQL
up arrow 3%
Statistical Analysis
up arrow 8%

Job Satisfaction

Extremely satisfied Image
Extremely satisfied
Rated 5 out of 5 based on 43 votes.

Gender

Female
24%
female alumni
 
Male
76%
male alumni

Years of Experience

Less than 1 year
19%
1-4 years
55%
5-9 years
19%
10-19 years
6%
20 years or more
0%

Common Health Benefits

medical benefits Medical: 87% dental benefits Dental: 73%
vision benefits Vision: 61% employee benefits None: 11%
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