Quantitative Analyst Salary (United States)

A relatively inexperienced group of workers, nearly three-fourths of Quantitative Analysts report fewer than five years of experience; the average pay for this group is around $84,093 annually. Pay starts at $50,314 and can approach $130,773 per year on the higher side. Geography is the biggest factor affecting pay for this group, followed by career duration. Medical benefits are awarded to the greater part, and most earn dental coverage. Male Quantitative Analysts are far more common in the field than their female counterparts, who typically comprise less than one-third of the field. Work is enjoyable for Quantitative Analysts, who typically claim high levels of job satisfaction. This snapshot results from replies to PayScale's 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: $80,312
Add this chart to your site: 640px    300px

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.
$50,215 - $116,272  
$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  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 262
Is Quantitative Analyst your job title? Get a personalized salary report!
United States (change)
Years in Field/Career:

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

Search for more jobs:
job title / company

Popular Skills for Quantitative Analyst

Survey respondents exploit a significant tool box of skills in their work. 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. At the other end of the pay range are skills like Microsoft Excel and Statistical Analysis. Most people who know Data Analysis also know Microsoft Excel. Skill sets containing Data Modeling also tend to include Matlab.

Pay Difference By Location

up arrow 37%
San Francisco
up arrow 35%
up arrow 26%
National Average
up arrow 23%
up arrow 28%
Larger circles over a city indicate a job is popular in that location.
For those looking to make money, Quantitative Analysts in Houston enjoy an exceptional pay rate, 37 percent above the national average. Quantitative Analysts will also find cushy salaries in San Francisco (+35 percent) and New York (+26 percent). Quantitative Analysts' salaries are heavily influenced by location—Quantitative Analysts in Washington bring in salaries that are 28 percent lower than the national average.

Related Job Salaries

Experience Affects Quantitative Analyst Salaries

National Average

Skills That Affect Quantitative Analyst Salaries

up arrow 17%
up arrow 17%
up arrow 16%
Financial Modeling
up arrow 13%
up arrow 8%
Data Modeling
up arrow 3%
National Average
Data Analysis
up arrow 2%
up arrow 2%
up arrow 3%
Statistical Analysis
up arrow 8%

Job Satisfaction

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


female alumni
male alumni

Years of Experience

Less than 1 year
1-4 years
5-9 years
10-19 years
20 years or more

Common Health Benefits

medical benefits Medical: 87% dental benefits Dental: 73%
vision benefits Vision: 61% employee benefits None: 11%
Find Out Exactly What You Should Be Paid
Job Title:
Years in Field/Career:
United States (change)
- OR -