Quantitative Analyst Salary

Average Quantitative Analysts in the United States make around $83K annually. Cash earnings for Quantitative Analysts — which occasionally include more than $35K from bonuses and more than $20K from profit sharing — stretch from around $52K to approximately $141K. Geographic location is the biggest factor affecting pay for this group, followed by experience level. Most enjoy medical while a strong majority get dental coverage. Vision coverage is also available to more than half. Job satisfaction for Quantitative Analysts is high. Male Quantitative Analysts are far more common among survey respondents than their female counterparts, who typically comprise less than one-third of the field. Figures cited in this summary are based on replies to PayScale's salary questionnaire.
Read More
$52,074 - $120,451
(Median)
$52K
$83K
$120K
MEDIAN: $83,412
10%
50%
90%

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.
)
$0$50K$100K$150K
Salary
$52,074 - $120,451  
   
Bonus
$1,042 - $35,479  
Profit Sharing
$0.00 - $20,386  
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).
)
$52,385 - $141,238  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 351
United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

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:

Popular Skills for Quantitative Analyst


Survey results imply that Quantitative Analysts deploy a deep pool of skills on the job. Most notably, facility with Python, C++, and Statistical Analysis are correlated to pay that is significantly above average, leading to increases of 24 percent, 20 percent, and 17 percent, respectively. Skills that pay less than market rate include Microsoft Excel, SAS, and Data Analysis. Most people who know Data Analysis also know Microsoft Excel and SQL. People who know Data Modeling usually also know Matlab and Microsoft Excel.

Pay Difference by Location


For Quantitative Analysts, working in the bustling city of New York has its advantages, including an above-average pay rate. Quantitative Analysts can also look forward to large paychecks in cities like San Francisco (+28 percent), Houston (+18 percent), Atlanta (+5 percent), and Chicago (+2 percent). The lowest-paying market is Washington, which sits 18 percent below the national average. Workers in Minneapolis and Cincinnati earn salaries that trail the national average for those in this profession (9 percent less and 7 percent less, respectively).

Related Job Salaries

United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

Experience Affects Quantitative Analyst Salaries



National Average
$89,000


Skills That Affect Quantitative Analyst Salaries

Python
up arrow 24%

C++
up arrow 20%

VBA
up arrow 17%

Statistical Analysis
up arrow 17%

up arrow 14%

Financial Modeling
up arrow 13%

Financial Analysis
up arrow 11%

Data Modeling
up arrow 3%

R
up arrow 1%

SQL
0%

National Average
$89,000

Data Analysis
up arrow 4%

SAS
up arrow 4%


Job Satisfaction

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

Gender

Female
24 %
Male
76 %

Years of Experience

Less than 1 year
18%
1-4 years
53%
5-9 years
21%
10-19 years
7%
20 years or more
0%

Common Health Benefits

medical benefits Medical: 89% dental benefits Dental: 78%
vision benefits Vision: 66% employee benefits None: 9%
ADVERTISEMENT