The average salary for a Quantitative Analyst in South Africa is R431,630.
Is Quantitative Analyst your job title? Find out what you should be paid
Use our tool to get a personalized report on your market worth.What's this?
R296k - R690k
R10k - R151k
R2k - R31k
R302k - R769k
Your Market Worth Over Time
How has your pay changed over time for your market? Find out by taking our salary quiz.
Job Description for Quantitative Analyst
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.
Popular Employer Salaries for Quantitative Analyst
The top respondents for the job title Quantitative Analyst are from the companies FNB, First National Bank and Nedbank. Reported salaries are highest at Standard Bank where the average pay is R637,234. Other companies that offer high salaries for this role include FirstRand and Absa, earning around R539,815 and R518,000, respectively. First National Bank pays the lowest at around R401,052. FNB and Nedbank also pay on the lower end of the scale, paying R422,625 and R491,318, respectively.
Quantitative Analyst Job Listings
Search for more jobs
Popular Skills for Quantitative Analyst
Skills in Statistical Analysis and Financial Modeling are correlated to pay that is above average. Skills that pay less than market rate include Data Modeling, SAS and Data Analysis.
Pay by Experience Level for Quantitative Analyst
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 R348,857 based on 39 salaries. An early career Quantitative Analyst with 1-4 years of experience earns an average total compensation of R426,631 based on 256 salaries. A mid-career Quantitative Analyst with 5-9 years of experience earns an average total compensation of R596,931 based on 72 salaries. An experienced Quantitative Analyst with 10-19 years of experience earns an average total compensation of R889,044 based on 16 salaries.
Years of Experience
This data is based on 383 survey responses.
Related Job Salaries
R133k - R500k
R264k - R615k
R149k - R566k
R59k - R238k
R215k - R612k
R120k - R486k
R61k - R362k
R200k - R723k
R43k - R242k
R230k - R775k