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Quantitative Analyst Salary (United States)

A relatively junior crowd, more than two-thirds of Quantitative Analysts have fewer than five years of experience under their belt and the average salary for the field is $80K annually. Geographic location is the biggest factor affecting pay for this group, followed by career length. A solid majority enjoy medical while most get dental coverage. Vision coverage is also available to a majority. Most Quantitative Analysts are men (76 percent). The majority of workers are highly satisfied with their job. This summary is derived from information collected in 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: $80,312
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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.
$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
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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 require a rather large skill set. 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. Most people familiar with Data Analysis also know Microsoft Excel. Most people familiar with Data Modeling also know Matlab.

Pay Difference By Location

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San Francisco
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National Average
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Larger circles over a city indicate a job is popular in that location.
For Quantitative Analysts, working in the bustling city of Houston has its advantages, including an above-average pay rate. Quantitative Analysts will also find cushy salaries in San Francisco (+35 percent) and New York (+26 percent). Quantitative Analysts in Washington make 28 percent less than the national average, proving that location is a major factor in pay.

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Experience Affects Quantitative Analyst Salaries

National Average

Skills That Affect Quantitative Analyst Salaries

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up arrow 16%
Financial Modeling
up arrow 13%
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Data Modeling
up arrow 3%
National Average
Data Analysis
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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%