Quantitative Analyst Salary

A Quantitative Analyst earns an average salary of $83,066 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 Python, C++, VBA, Financial Modeling, and Matlab. Experience has a moderate effect on income for this job.
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$52,014 - $120,039

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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.
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$0$50K$100K$150K
Salary
$52,014 - $120,039  
   
Bonus
$1,042 - $33,724  
Profit Sharing
$0.00 - $20,226  
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).
)
$52,246 - $138,822  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 351
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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

Pay Difference by Location

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Experience Affects Quantitative Analyst Salaries



National Average
$88,000


Skills That Affect Quantitative Analyst Salaries

Python
up arrow 24%

C++
up arrow 21%

VBA
up arrow 17%

Financial Modeling
up arrow 15%

up arrow 14%

Financial Analysis
up arrow 12%

R
up arrow 4%

Data Modeling
up arrow 3%

Statistical Analysis
up arrow 3%

SQL
0%

National Average
$88,000

Data Analysis
up arrow 3%

SAS
up arrow 4%


Job Satisfaction

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

Gender

Female
25 %
Male
75 %

Years of Experience

Less than 1 year
19%
1-4 years
53%
5-9 years
21%
10-19 years
7%
20 years or more
0%

Common Health Benefits

medical benefits Medical: 90% dental benefits Dental: 79%
vision benefits Vision: 67% employee benefits None: 8%
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