Quantitative Researcher Salary
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|Salary||$49,704 - $153,564|
|Bonus||$993 - $50,335|
|Total Pay (||$48,189 - $195,751|
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.
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.
Pay by Experience Level for Quantitative Researcher
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Salaries for the relatively untried average out to around $115K, but survey participants with five to 10 years of experience earn a significantly higher median of $149K. The average pay reported by folks with 10 to 20 years of experience is around $98K. Veteran professionals who boast more than 20 years of relevant experience enjoy plum median salaries that average out to the six-figure sum of $104K.
Pay Difference by Location
Quantitative Researchers will find that New York offers an impressive pay rate, one which exceeds the national average by 32 percent. Quantitative Researchers will also find cushy salaries in San Francisco (+16 percent). Quantitative Researchers in Washington earn salaries far below the national average by 35 percent, proving that geography overwhelmingly affects the pay scale for those in this field. A couple other locations with smaller-than-average paychecks include Chicago (12 percent lower) and Boston (7 percent lower).
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Key Stats for Quantitative Researcher
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