The average salary for a Quantitative Analyst is $84,317.
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What Do Quantitative Analysts Do?
Quantitative analysts are tasked with devising strategies for maximum efficiency when it comes to trading stock. They work closely with other mathematical professionals to continuously improve trading protocols and strategies, and must combine all the skills they've learned in school, including mathematics, finance, and computer skills, to maximize the profits of their business.
Quantitative analysts create and edit analytical models, work closely with financial staff, research the best tools t…Read more
Quantitative Analyst Tasks
- Research and analyze market statistics to develop, test, validate, execute, and maintain analytical software programs and quantitative models.
- Perform risk analytics, loan pricing, and default risk modeling.
- Design tests and experiments to collect data and test new models and programs.
- Query, consolidate, and present data to senior management.
- Assist in the construction and execution of portfolio management.
Job Satisfaction for Quantitative Analyst
Popular Employer Salaries for Quantitative Analyst
The top respondents for the job title Quantitative Analyst are from the companies The PNC Financial Services Group, Inc., Bank of America Corp. (BOFA) and AllianceBernstein L.P.. Reported salaries are highest at Google, Inc. where the average pay is $130,992. Other companies that offer high salaries for this role include Bank of America Corp. (BOFA) and Options Clearing Corporation, earning around $107,500 and $106,385, respectively. Clearwater Analytics pays the lowest at around $62,000. First Republic Bank and The PNC Financial Services Group, Inc. also pay on the lower end of the scale, paying $75,000 and $86,474, respectively.
Quantitative Analyst Job Listings
What Are Popular Skills for Quantitative Analysts?
Skills in Statistical Analysis, Financial Modeling and Python are correlated to pay that is above average. Skills that pay less than market rate include Data Modeling and Data Analysis.
What is the Pay by Experience Level for Quantitative Analysts?
An entry-level Quantitative Analyst with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $70,790 based on 122 salaries. An early career Quantitative Analyst with 1-4 years of experience earns an average total compensation of $82,809 based on 413 salaries. A mid-career Quantitative Analyst with 5-9 years of experience earns an average total compensation of $107,707 based on 134 salaries. An experienced Quantitative Analyst with 10-19 years of experience earns an average total compensation of $103,163 based on 50 salaries. In their late career (20 years and higher), employees earn an average total compensation of $109,773.
Pay Difference by Location
Employees with Quantitative Analyst in their job title in San Francisco, California earn an average of 36.4% more than the national average. These job titles also find higher than average salaries in New York, New York (16.2% more) and Boston, Massachusetts (14.8% more). The lowest salaries can be found in Washington, District of Columbia (14.1% less) and Chicago, Illinois (0.8% less).
Years of Experience
This data is based on 727 survey responses.