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Quantitative Analyst salary
Average quantitative analyst salary
$101,197
How much does a quantitative analyst make?
The average quantitative analyst salary in the United States is $101,197. Quantitative analyst salaries typically range between $68,000 and $148,000 yearly. The average hourly rate for quantitative analysts is $48.65 per hour.
Quantitative analyst salary is impacted by location, education, and experience. Quantitative analysts earn the highest average salary in New York.
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Where can a Quantitative Analyst earn more?
Quantitative Analyst salary estimates from across the web
Average quantitative analyst salary by state
The highest-paying states for quantitative analysts are New York, California, and New Hampshire. The lowest average quantitative analyst salary states are Colorado, Arkansas, and Oklahoma.
- State View
- County View
Highest paying states for quantitative analysts
| Rank | State | Avg. Salary | Hourly Rate |
|---|---|---|---|
| 1 | New York | $116,410 | $55.97 |
| 2 | Connecticut | $105,497 | $50.72 |
| 3 | Delaware | $101,916 | $49.00 |
| 4 | California | $107,037 | $51.46 |
| 5 | New Jersey | $105,381 | $50.66 |
| 6 | Pennsylvania | $99,918 | $48.04 |
| 7 | Massachusetts | $99,830 | $48.00 |
| 8 | Rhode Island | $99,244 | $47.71 |
| 9 | New Hampshire | $106,079 | $51.00 |
| 10 | Maryland | $97,006 | $46.64 |
| 11 | Virginia | $93,634 | $45.02 |
| 12 | North Carolina | $89,803 | $43.17 |
| 13 | Nevada | $91,070 | $43.78 |
| 14 | District of Columbia | $95,912 | $46.11 |
| 15 | Michigan | $93,059 | $44.74 |
| 16 | Ohio | $87,984 | $42.30 |
| 17 | Vermont | $94,969 | $45.66 |
| 18 | Oregon | $89,965 | $43.25 |
| 19 | Arizona | $85,674 | $41.19 |
| 20 | Texas | $84,456 | $40.60 |
| 21 | West Virginia | $92,443 | $44.44 |
| 22 | Minnesota | $85,045 | $40.89 |
| 23 | South Carolina | $89,994 | $43.27 |
| 24 | New Mexico | $85,806 | $41.25 |
| 25 | Maine | $88,129 | $42.37 |
| 26 | Illinois | $80,699 | $38.80 |
| 27 | Washington | $85,333 | $41.03 |
| 28 | Alabama | $81,572 | $39.22 |
| 29 | Wisconsin | $84,337 | $40.55 |
| 30 | Indiana | $80,856 | $38.87 |
| 31 | Georgia | $80,720 | $38.81 |
| 32 | Florida | $80,314 | $38.61 |
| 33 | Missouri | $80,083 | $38.50 |
| 34 | Utah | $78,030 | $37.51 |
| 35 | Hawaii | $76,518 | $36.79 |
| 36 | Tennessee | $77,009 | $37.02 |
| 37 | Nebraska | $77,765 | $37.39 |
| 38 | Iowa | $78,793 | $37.88 |
| 39 | Alaska | $79,135 | $38.05 |
| 40 | Kentucky | $77,291 | $37.16 |
| 41 | Colorado | $71,332 | $34.29 |
| 42 | North Dakota | $72,736 | $34.97 |
| 43 | Wyoming | $74,531 | $35.83 |
| 44 | Idaho | $72,490 | $34.85 |
| 45 | Louisiana | $74,848 | $35.98 |
| 46 | Mississippi | $73,125 | $35.16 |
| 47 | Arkansas | $70,792 | $34.03 |
| 48 | South Dakota | $69,417 | $33.37 |
| 49 | Kansas | $68,572 | $32.97 |
| 50 | Montana | $68,711 | $33.03 |
| 51 | Oklahoma | $69,845 | $33.58 |
Highest paying cities for quantitative analysts
The highest-paying cities for quantitative analysts are New York, NY, San Francisco, CA, and Jersey City, NJ.
| Rank | City | Avg. Salary | Hourly Rate |
|---|---|---|---|
| 1 | New York, NY | $116,491 | $56.01 |
| 2 | San Francisco, CA | $115,960 | $55.75 |
| 3 | Jersey City, NJ | $105,659 | $50.80 |
| 4 | Bridgeport, CT | $105,589 | $50.76 |
| 5 | Wilmington, DE | $102,161 | $49.12 |
| 6 | Boston, MA | $99,848 | $48.00 |
| 7 | Pittsburgh, PA | $97,774 | $47.01 |
| 8 | Baltimore, MD | $97,275 | $46.77 |
| 9 | Washington, DC | $95,923 | $46.12 |
| 10 | Arlington, VA | $94,937 | $45.64 |
| 11 | Cleveland, OH | $91,035 | $43.77 |
| 12 | Wilmington, NC | $90,460 | $43.49 |
| 13 | Seattle, WA | $86,755 | $41.71 |
| 14 | Austin, TX | $85,510 | $41.11 |
| 15 | Minneapolis, MN | $85,023 | $40.88 |
| 16 | Birmingham, AL | $81,322 | $39.10 |
| 17 | Chicago, IL | $81,319 | $39.10 |
| 18 | Atlanta, GA | $80,542 | $38.72 |
| 19 | Miami, FL | $80,177 | $38.55 |
| 20 | Salt Lake City, UT | $77,308 | $37.17 |
Quantitative Analyst salary details
A quantitative analyst's salary ranges from $68,000 a year at the 10th percentile to $148,000 at the 90th percentile.
What is a quantitative analyst's salary?
| Percentile | Annual Salary | Monthly Salary | Hourly Rate |
|---|---|---|---|
| 90th Percentile | $148,000 | $12,333 | $71 |
| 75th Percentile | $123,000 | $10,250 | $59 |
| Average | $101,197 | $8,433 | $49 |
| 25th Percentile | $82,000 | $6,833 | $39 |
| 10th Percentile | $68,000 | $5,667 | $33 |
Highest paying quantitative analyst jobs
The highest paying types of quantitative analysts are equity analyst, senior finance consultant, and senior finance analyst.
| Job Title | Annual Salary | Monthly Salary | Hourly Rate | Job Openings |
|---|---|---|---|---|
| Investment Banking Internship | $43,637 | $3,636 | $20.98 | 62,819 |
| Analyst Internship | $38,569 | $3,214 | $18.54 | 103,723 |
| Investment Banking Analyst | $60,598 | $5,050 | $29.13 | 52,791 |
| Corporate Finance Analyst | $76,023 | $6,335 | $36.55 | 114,375 |
| Treasury Analyst | $72,667 | $6,056 | $34.94 | 50,817 |
| Financial Analyst Internship | $38,827 | $3,236 | $18.67 | 104,448 |
How would you rate the starting salaries for Quantitative Analysts, as well as the prospects for salary advancement?
Dr. William Wood Ph.D.
Academic Unit Head, Economics; Director, Center for Economic Education, James Madison University
Top companies hiring quantitative analysts now:
Which companies pay quantitative analysts the most?
Quantitative analyst salaries at The Citadel and Oak Hill Advisors are the highest-paying according to our most recent salary estimates. In addition, the average quantitative analyst salary at companies like King Street Capital Management and Meta are highly competitive.
| Rank | Company | Average Salary | Hourly Rate |
|---|---|---|---|
| 1 | The Citadel | $163,410 | $78.56 |
| 2 | Oak Hill Advisors | $144,799 | $69.61 |
| 3 | King Street Capital Management | $143,489 | $68.99 |
| 4 | Meta | $140,740 | $67.66 |
| 5 | Calamos Investments | $136,799 | $65.77 |
| 6 | Neuberger Berman | $134,950 | $64.88 |
| 7 | Lord Abbett | $134,482 | $64.65 |
| 8 | Jane Street | $134,468 | $64.65 |
| 9 | Putnam Investments | $134,247 | $64.54 |
| 10 | Pacific Gas and Electric | $131,345 | $63.15 |
| 11 | Syncora Holdings Ltd | $131,030 | $63.00 |
| 12 | Mesirow | $130,994 | $62.98 |
| 13 | Pine River Capital Management | $130,546 | $62.76 |
| 14 | PayPal | $129,738 | $62.37 |
| 15 | Turner Investments | $129,102 | $62.07 |
| 16 | $129,074 | $62.05 | |
| 17 | KBI Global Investors | $127,313 | $61.21 |
| 18 | Citicorp North America, Inc | $126,879 | $61.00 |
| 19 | Wachovia Securities | $126,464 | $60.80 |
| 20 | Houzz | $126,305 | $60.72 |
Wage gap by gender, race and education
Quantitative Analyst salary by industry
The average quantitative analyst salary varies across industries:
- The average quantitative analyst salary in the technology industry is $121,890, the highest of any industry.
- The average quantitative analyst salary in the finance industry is $106,210.
- Quantitative analysts in the manufacturing industry earn an average salary of $100,552, the lowest of any industry.
Highest paying industries for quantitative analysts
| Rank | Industry | Average Salary | Hourly Rate |
|---|---|---|---|
| 1 | Technology | $121,890 | $58.60 |
| 2 | Energy | $106,210 | $51.06 |
| 3 | Finance | $105,904 | $50.92 |
| 4 | Manufacturing | $100,552 | $48.34 |
High Paying Quantitative Analyst Jobs
Quantitative Analyst salary trends
The average quantitative analyst salary has risen by $15,541 over the last ten years. In 2014, the average quantitative analyst earned $85,656 annually, but today, they earn $101,197 a year. That works out to a 9% change in pay for quantitative analysts over the last decade.
Compare quantitative analyst salaries for cities or states with the national average over time.
Average quantitative analyst salary over time
Compare quantitative analyst salaries for individual cities or states with the national average.
Quantitative Analyst salary by year
| Year | Avg. Salary | Hourly Rate | % Change |
|---|---|---|---|
| 2025 | $101,000 | $48.65 | +2.6% |
| 2024 | $98,600 | $47.41 | +1.6% |
| 2023 | $97,000 | $46.63 | +1.6% |
| 2022 | $95,400 | $45.89 | +3.0% |
| 2021 | $92,600 | $44.51 | +1.8% |
Recently added quantitative analyst salaries
| Company | Job | Location | Date Added | Salary |
|---|---|---|---|---|
| Us Bank | Quantitative Model Analyst | McLean, VA | 12/16/2024 | $136,989 |
| CBOE | Quantitative Analyst, Index Operations | New York, NY | 12/15/2024 | $84,000 |
| State Street | AML Transaction Monitoring Senior Quantitative Analyst, Vice | Boston, MA | 12/15/2024 | $110,000 |
| American Century Companies | Quantitative Analyst | Santa Clara, CA | 12/15/2024 | $135,000 |
| Nomura Securities International | Equity Derivatives Quantitative Analyst (VP or Director) | New York, NY | 12/11/2024 | $225,000 |
| Kansas Action for Children, Inc. | Quantitative Analyst | Kansas City, KS | 12/11/2024 | $88,500 |
| Barclays Plc | Equity Quantitative Analyst-VP | New York, NY | 12/10/2024 | $155,000 |
| Motion Recruitment Partners | Quantitative Analyst | Tampa, FL | 12/10/2024 | $166,960 |
| Remoote | Quantitative Analyst | Philadelphia, MS | 12/10/2024 | $102,000 |
| Prudential Financial | Pgim Fixed Income-Quantitative Analyst, Securitized Products Group | Newark, NJ | 12/09/2024 | $165,000 |
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