Updated August 18, 2021
Average Quantitative Analyst Salary
$95,000 yearly
$45.91 hourly

Entry level Salary
$64,000 yearly
$64,000
10 %
$95,000
Median
$141,000
90 %
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PercentileAnnual SalaryMonthly SalaryHourly Rate
90th Percentile$141,000$11,750$68
75th Percentile$117,000$9,750$56
Average$95,493$7,958$46
25th Percentile$77,000$6,417$37
10th Percentile$64,000$5,333$31

Average Quantitative Analyst Salary By State

The darker areas on the map show where quantitative analysts earn the highest salaries across all 50 states.

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Average Salary:

Quantitative Analyst average salary by State

StateAvg. salaryHourly rateJob Count
Alabama$69,901$33.61188
Alaska$105,312$50.6337
Arizona$66,054$31.76371
Arkansas$62,515$30.0680
California$86,618$41.641,907
Colorado$72,690$34.95374
Connecticut$87,146$41.90174
Delaware$77,756$37.3871
District of Columbia$78,193$37.59304
Florida$59,999$28.85783
Georgia$63,773$30.66536
Hawaii$61,573$29.6060
Idaho$71,381$34.3259
Illinois$65,882$31.67825
Indiana$62,663$30.13285
Iowa$67,176$32.30115
Kansas$57,319$27.56111
Kentucky$56,973$27.39105
Louisiana$56,781$27.3087
Maine$64,200$30.8736
Maryland$75,702$36.40578
Massachusetts$79,074$38.02590
Michigan$73,678$35.42307
Minnesota$80,330$38.62350
Mississippi$59,527$28.6244
Missouri$76,114$36.59260
Montana$67,024$32.2239
Nebraska$65,327$31.4190
Nevada$68,807$33.0897
New Hampshire$84,922$40.8348
New Jersey$90,694$43.60412
New Mexico$74,293$35.7270
New York$102,525$49.291,305
North Carolina$68,696$33.03487
North Dakota$62,263$29.9340
Ohio$67,692$32.54465
Oklahoma$56,314$27.0770
Oregon$78,289$37.64217
Pennsylvania$79,335$38.14562
Rhode Island$74,677$35.9049
South Carolina$54,863$26.38123
South Dakota$59,555$28.6334
Tennessee$57,877$27.83218
Texas$73,321$35.251,248
Utah$61,797$29.71154
Vermont$65,106$31.3029
Virginia$77,135$37.08932
Washington$72,840$35.02351
West Virginia$67,168$32.2932
Wisconsin$63,722$30.64196
Wyoming$42,102$20.2418

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Highest Paying Cities For Quantitative Analyst

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CityAvg. salaryHourly rate
Hicksville, NY$104,255$50.12
San Francisco, CA$97,802$47.02
Jersey City, NJ$91,370$43.93
Bridgeport, CT$87,519$42.08
Arlington, VA$80,977$38.93
Minneapolis, MN$80,439$38.67

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How much does a Quantitative Analyst make?

The average Quantitative Analyst salary is $95,493 per year, or $45.91 per hour, in the United States. People on the lower end of that spectrum, the bottom 10% to be exact, make roughly $64,000 a year, while the top 10% makes $141,000. As most things go, location can be critical. Alaska, New York, New Jersey, Connecticut, and California provide the highest Quantitative Analyst salaries.

Average Quantitative Analyst Salary Over Time

Compare salaries for individual cities or states with the national average.

Location
    YearAvg. salaryHourly rate% Change
    2022$95,500$45.91+1.6%
    2021$94,000$45.18+3.0%
    2020$91,100$43.82+1.8%
    2019$89,500$43.04+2.1%
    2018$87,600$42.14+0.3%

    Average JOB Salary by Field

    Investment Banking Internship

    Avg. salary: $78,984

    An investment banking intern is responsible for assisting investment bankers in delivering high-quality financial services to clients while learning various investment strategies and other related banking disciplines. Investment banking interns observe the investment processes, shadow bankers on their daily operations, and contribute to identifying business opportunities based on their class knowledge to practical applications. They also conduct financial analysis, data processing for the client's account information, performing research for the stock market, and creating financial reports for meeting documents.
    91,309 Investment Banking Internship Jobs
    Analyst Internship

    Avg. salary: $40,720

    An analyst internship is a student program where an intern is assigned to assist analyst professionals by analyzing business goals, objectives, and needs. Analyst interns assist in the planning and designing of business processes and suggest recommendations for improvement. They conduct research and analysis to support business operations and resolve issues using systems and data. They also help estimate the costs and benefits of multiple business actions and help the business organization launch new initiatives.
    120,108 Analyst Internship Jobs
    Investment Banking Analyst

    Avg. salary: $76,338

    An Investment Banking Analyst reviews and analyzes data for investment banking portfolios. They work with individuals and businesses to suggest potential investments for their clients.
    43,977 Investment Banking Analyst Jobs
    Corporate Finance Analyst

    Avg. salary: $66,876

    Corporate finance analysts make significant business decisions based on the data they gather. Typically, corporate finance analysts work within an organization and support management decisions through actionable financial information. They monitor the taxes, expenses, financial statements, and other financial details of where the company sources its income. This position requires a formal qualification in accounting. It also necessitates the analyst to develop interpersonal skills, knowledge in information technology software, financial reporting skills, and experience in management.
    110,683 Corporate Finance Analyst Jobs
    Treasury Analyst

    Avg. salary: $71,392

    A treasury analyst is a professional who manages and analyses the financial activities of an organization that can include cash flows, liability obligations, and assets. Treasury analysts are required to execute the daily cash management of the organization such as cash forecasting, investing of excess cash, and running a hedging program in interest rates. They must present monthly reports and daily briefings on cash flows to senior management and provide advice on the financial operations of the movement of cash. Treasury analysts also update treasury policies and procedures for the organization to comply.
    61,434 Treasury Analyst Jobs
    Financial Analyst Internship

    Avg. salary: $38,724

    A financial analyst intern is responsible for supporting an organization with financial activities and tasks. Typical duties and responsibilities may include creating and analyzing financial reports, preparing financial statements, and helping with audits. You may be asked to perform some administrative tasks while observing the various aspects of portfolio management, accounting, and financial reporting. As a financial analyst intern, you are expected to conduct competitive analysis and market research and help prepare reports and recommendations on due diligence. You are also expected to join in on meetings and calls with company prospects.
    131,204 Financial Analyst Internship Jobs
    Job TitleAnnual SalaryMonthly SalaryHourly RateJob Openings
    Investment Banking Internship$78,984$6,582$37.9791,309
    Analyst Internship$40,720$3,393$19.58120,108
    Investment Banking Analyst$76,338$6,362$36.7043,977
    Corporate Finance Analyst$66,877$5,573$32.15110,683
    Treasury Analyst$71,393$5,949$34.3261,434
    Financial Analyst Internship$38,725$3,227$18.62131,204
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    Quantitative Analyst Salaries By Years Of Experience

    The salary for a Quantitative Analyst can vary depending on the years of experience that a person has, from entry level to senior level. Data on how experience level affects total compensation is provided by the Bureau of Labor Statistics (BLS) as part of their National Compensation Survey, which is based on factors such as knowledge, complexity, contacts, and environment.
    Experience LevelAvg. SalaryHourly Rate
    Entry Level$54,400$26.15
    Mid Level$76,200$36.65
    Senior Level$131,000$62.88

    Which Companies Pay Quantitative Analysts The Most?

    To earn a high income as a Quantitative Analyst, working for Google or Bloomberg might be your best bet, as they are the highest paying companies in this field. In addition, companies like First Republic Bank and ConocoPhillips report highly competitive wages for Quantitative Analysts.
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    Recently Added Quantitative Analyst Salaries

    Location
    CompanyJobLocationDate AddedSalary
    Us BankQuantitative Model Analyst 2-Cincinnati or RemoteCincinnati, OH12/29/2021$78,200
    U.S. BankQuantitative Model Analyst-Minneapolis, MN or TelecommuteMinneapolis, MN12/28/2021$81,600
    S&P Global, Inc.Quantitative AnalystBoston, MA12/28/2021$83,200
    Us BankQuantitative Model Analyst-Model Risk GovernanceDenver, CO12/27/2021$95,540
    Us BankQuantitative Model Analyst-Model Risk GovernanceCharlotte, NC12/27/2021$95,540
    U.S. BankQuantitative Analyst-Model Risk Governance-Minneapolis, MN or TelecommuteMinneapolis, MN12/22/2021$105,400
    S&P Global, Inc.Quantitative AnalystBoston, MA12/22/2021$83,200
    U.S. BankCore Risk-QuantitativeKnoxville, TN12/16/2021$64,260
    Brighthouse Financial Inc.Quantitative AnalystCharlotte, NC12/13/2021$80,000
    U.S. BankQuantitative Model Analyst-Model Risk GovernanceDenver, CO12/10/2021$95,540

    Average Quantitative Analyst Salary by Demographic

    Quantitative Analyst Gender Pay Gap

    male-income
    Male Income
    $93,394
    female-income
    Female Income
    $87,002
    GenderIncome
    Male$93,394
    Female$87,002
    Median Quantitative Analyst Income by Race
    Asian Quantitative Analysts have the highest average salary compared to other ethnicities. Black or African American Quantitative Analysts have the lowest average salary at $86,392.
    $100,000
    $80,000
    $60,000
    $40,000
    $20,000
    $0
    White
    Black or African American
    Asian
    Hispanic or Latino
    EthnicitySalary
    White$90,744
    Black or African American$86,392
    Asian$99,264
    Hispanic or Latino$86,556
    Average Quantitative Analyst Salary by Education Level
    $115,000
    $92,000
    $69,000
    $46,000
    $23,000
    $0
    Bachelor's Degree
    Master's Degree
    EducationSalary
    Bachelor's Degree$93,394
    Master's Degree$111,791