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Quantitative Analyst Salary

Quantitative Analysts in the United States take home approximately $83K per year on average. In the world of Quantitative Analysts, overall income ranges from $53K near the bottom to $142K at the top; this can include more than $39K from bonuses and more than $20K from profit sharing in exceptional cases. Geography and years of experience each impact pay for this group, with the former having the largest influence. Making up 77 percent of those who took the survey, male Quantitative Analysts greatly outnumber their female counterparts. Most workers in this position report high levels of job satisfaction. Almost all enjoy medical while a fair number get dental coverage. Vision coverage is also available to more than half. The data in this summary comes from the PayScale salary survey.
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$51,751 - $120,333
(Median)
$52K
$83K
$120K
MEDIAN: $82,793
10%
50%
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
$51,751 - $120,333  
   
Bonus
$1,012 - $38,596  
Profit Sharing
$0.00 - $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).
)
$52,554 - $142,269  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 326

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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 seem to wield many skills on the job. Most notably, facility with Python, Statistical Analysis, and C++ are correlated to pay that is significantly above average, leading to increases of 26 percent, 24 percent, and 22 percent, respectively. Skills that pay less than market rate include Microsoft Excel and SAS. Most people who know Data Modeling also know Matlab and Microsoft Excel. It is often found that people who know Data Analysis are also skilled in Microsoft Excel and SQL.

Pay Difference by Location


Surpassing the national average by 32 percent, Quantitative Analysts in New York receive some of the highest pay in the country. Quantitative Analysts will also find cushy salaries in Houston (+31 percent), San Francisco (+23 percent), Atlanta (+5 percent), and Chicago (+3 percent). Washington is the lowest-paying area, 17 percent south of the national average. Workers in Boston and Cincinnati earn salaries that trail the national average for those in this profession (9 percent less and 6 percent less, respectively).

Related Job Salaries

United States (change)

Experience Affects Quantitative Analyst Salaries



National Average
$88,000


Skills That Affect Quantitative Analyst Salaries

Python
up arrow 26%

Statistical Analysis
up arrow 24%

C++
up arrow 22%

VBA
up arrow 19%

up arrow 14%

Financial Modeling
up arrow 11%

R
up arrow 4%

Data Modeling
up arrow 3%

National Average
$88,000

SQL
up arrow 1%

Data Analysis
up arrow 3%

SAS
up arrow 4%


Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 42 votes.

Gender

Female
23 %
Male
77 %

Years of Experience

Less than 1 year
18%
1-4 years
54%
5-9 years
20%
10-19 years
7%
20 years or more
0%

Common Health Benefits

medical benefits Medical: 90% dental benefits Dental: 76%
vision benefits Vision: 64% employee benefits None: 9%