Quantitative Researcher Salary
|Salary||$56,111 - $156,522|
|Bonus||$1,521 - $76,385|
|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).)
|$55,013 - $218,496|
Job Description for Quantitative Researcher
Quantitative researchers analyze compiled data to develop improvements to existing business models and/or develop and implement new business models. These researchers work in a variety of fields, especially in science and finance. They often collaborate with data scientists, researchers, engineers, and other experts with the shared goal of solving business challenges in a constantly changing market; these collaborative efforts are usually called a research team. Quantitative researchers are responsible for structuring and presenting the analyzed data to relevant parties within the business. Quantitative researchers generally work in an office environment in front of a computer, although work from home opportunities do exist as well (which are normally hired on a contract basis).Read More...
Educational requirements typically include an advanced degree (such as a Ph.D. or master's degree) in statistics, math, physics, engineering, economics, finance, behavioral/social science, or another relevant field. Many quantitative researchers have backgrounds in engineering, computer science, physical sciences, or mathematics. Quantitative researchers should possess excellent communication skills and the ability to participate in high-level business discussions. They must also have a strong knowledge in natural language processing, image processing, pattern recognition, and artificial intelligence, and they should be familiar with Java, C++, Fortran, Python, and Linux. (Copyright 2017 PayScale.com)
Quantitative Researcher Tasks
- Work with large datasets to import, clean, format, and understand their contents..
- Predict and document trends, problems, and areas for further analysis.
- Identify tactics to reduce noise in data and increase rigor of analyses.
- Create and utilize statistical tools, models, and algorithms to answer questions and detect trends.
Quantitative Researcher Job Listings
Pay by Experience Level for Quantitative Researcher
Pay by Experience for a Quantitative Researcher has a negative trend. An entry-level Quantitative Researcher with less than 5 years of experience can expect to earn an average total compensation of $115,000 based on 62 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Quantitative Researcher with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $149,000 based on 19 salaries. An experienced Quantitative Researcher which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $98,000 based on 27 salaries. A Quantitative Researcher with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $104,000 based on 9 salaries.
Pay Difference by Location
Quantitative Researchers will find that New York offers an impressive pay rate, one which exceeds the national average by 35 percent. Quantitative Researchers will also find cushy salaries in San Francisco (+19 percent). Location is a huge contributor to overall pay, with Quantitative Researchers in Washington earning a whopping 33 percent below the national average. A couple other locations with smaller-than-average paychecks include Chicago (10 percent lower) and Boston (5 percent lower).
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Key Stats for Quantitative Researcher
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