Average Quantitative Analyst Salary in South Africa

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The average salary for a Quantitative Analyst in South Africa is R431,630.
ZAR 296k
ZAR 432k
ZAR 690k
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United States (change)
R296k - R690k
R10k - R151k
Profit Sharing
R2k - R31k
Total Pay
R302k - R769k

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Job Description for Quantitative Analyst

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.

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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.
Entry Level
Early Career
Mid Career

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