The top respondents for the job title Quantitative Analyst, Risk are from the companies Usaa Insurance, Bank of America Corporation and M&T Bank Corp. Reported salaries are highest at Wells Fargo Bank where the average pay is $130,000. Other companies that offer high salaries for this role include Massachusetts Mutual Life Insurance Company, earning around $118,481. M&T Bank Corp pays the lowest at around $77,998. Usaa Insurance also pays on the lower end of the scale, paying $81,552.

Skills in Financial Modeling and SAS are correlated to pay that is above average. Skills that pay less than market rate include SQL, Data Analysis and Statistical Analysis.

An entry-level Quantitative Analyst, Risk with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $69,895 based on 14 salaries. An early career Quantitative Analyst, Risk with 1-4 years of experience earns an average total compensation of $90,539 based on 56 salaries. A mid-career Quantitative Analyst, Risk with 5-9 years of experience earns an average total compensation of $105,781 based on 29 salaries. An experienced Quantitative Analyst, Risk with 10-19 years of experience earns an average total compensation of $140,300 based on 15 salaries.

Employees with Quantitative Analyst, Risk in their job title in San Francisco, California earn an average of 55.4% more than the national average. These job titles also find higher than average salaries in Chicago, Illinois (13.7% more) and Boston, Massachusetts (10.0% more). The lowest salaries can be found in Buffalo, New York (35.6% less), San Antonio, Texas (15.9% less) and Los Angeles, California (3.1% less).