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Quantitative Analyst salary

Quoted Expert
Dr. William Wood Ph.D.

Average quantitative analyst salary

$101,197

$48.65 hourly rate

Entry-level quantitative analyst salary
$68,000 yearly salary
Updated January 8, 2025

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?

Compare salary by location
Vs
127k
107k
87k
67k
47k
Ashburn, VA$116,491
Salt Lake City, UT$77,308
Compare salary by company
Vs
176k
156k
136k
116k
96k
The Citadel$163,410
Houzz$126,305

Quantitative Analyst salary estimates from across the web

Based on the latest salary information compiled by Zippia, Salary.com, Indeed, Glassdoor, Ziprecruiter, SalaryExpert, Comparably and Payscale, the average salary for a quantitative analyst typically falls between $94,145 and $148,538.
zippia
$101,197yearly
glassdoor[1]
$134,711yearly
indeed[2]
$148,538yearly
comparably[3]
$127,424yearly
Salary.com[4]
$109,230yearly
ZipRecruiter[5]
$133,877yearly
payscale[6]
$94,145yearly
SalaryExpert[7]
$114,050yearly

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
Average Salary:

Highest paying states for quantitative analysts

RankStateAvg. SalaryHourly Rate
1New York$116,410$55.97
2Connecticut$105,497$50.72
3Delaware$101,916$49.00
4California$107,037$51.46
5New Jersey$105,381$50.66
6Pennsylvania$99,918$48.04
7Massachusetts$99,830$48.00
8Rhode Island$99,244$47.71
9New Hampshire$106,079$51.00
10Maryland$97,006$46.64
11Virginia$93,634$45.02
12North Carolina$89,803$43.17
13Nevada$91,070$43.78
14District of Columbia$95,912$46.11
15Michigan$93,059$44.74
16Ohio$87,984$42.30
17Vermont$94,969$45.66
18Oregon$89,965$43.25
19Arizona$85,674$41.19
20Texas$84,456$40.60
21West Virginia$92,443$44.44
22Minnesota$85,045$40.89
23South Carolina$89,994$43.27
24New Mexico$85,806$41.25
25Maine$88,129$42.37
26Illinois$80,699$38.80
27Washington$85,333$41.03
28Alabama$81,572$39.22
29Wisconsin$84,337$40.55
30Indiana$80,856$38.87
31Georgia$80,720$38.81
32Florida$80,314$38.61
33Missouri$80,083$38.50
34Utah$78,030$37.51
35Hawaii$76,518$36.79
36Tennessee$77,009$37.02
37Nebraska$77,765$37.39
38Iowa$78,793$37.88
39Alaska$79,135$38.05
40Kentucky$77,291$37.16
41Colorado$71,332$34.29
42North Dakota$72,736$34.97
43Wyoming$74,531$35.83
44Idaho$72,490$34.85
45Louisiana$74,848$35.98
46Mississippi$73,125$35.16
47Arkansas$70,792$34.03
48South Dakota$69,417$33.37
49Kansas$68,572$32.97
50Montana$68,711$33.03
51Oklahoma$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.

RankCityAvg. SalaryHourly Rate
1New York, NY$116,491$56.01
2San Francisco, CA$115,960$55.75
3Jersey City, NJ$105,659$50.80
4Bridgeport, CT$105,589$50.76
5Wilmington, DE$102,161$49.12
6Boston, MA$99,848$48.00
7Pittsburgh, PA$97,774$47.01
8Baltimore, MD$97,275$46.77
9Washington, DC$95,923$46.12
10Arlington, VA$94,937$45.64
11Cleveland, OH$91,035$43.77
12Wilmington, NC$90,460$43.49
13Seattle, WA$86,755$41.71
14Austin, TX$85,510$41.11
15Minneapolis, MN$85,023$40.88
16Birmingham, AL$81,322$39.10
17Chicago, IL$81,319$39.10
18Atlanta, GA$80,542$38.72
19Miami, FL$80,177$38.55
20Salt 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.

Average Quantitative Analyst Salary Graph
Average Quantitative Analyst Salary Graph, Trends, and Summary

What is a quantitative analyst's salary?

PercentileAnnual SalaryMonthly SalaryHourly 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 TitleAnnual SalaryMonthly SalaryHourly RateJob Openings
Investment Banking Internship$43,637$3,636$20.9862,819
Analyst Internship$38,569$3,214$18.54103,723
Investment Banking Analyst$60,598$5,050$29.1352,791
Corporate Finance Analyst$76,023$6,335$36.55114,375
Treasury Analyst$72,667$6,056$34.9450,817
Financial Analyst Internship$38,827$3,236$18.67104,448

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

Starting salaries in economics are good -- better than for most college degrees -- and they get better as economics majors advance in their careers. Economics prepares people for leadership, and people with good leadership skills are often drawn to economics. Both effects operate to give us this observation that economics majors do well in their careers.

Top companies hiring quantitative analysts now:

  1. Google Jobs (591)
  2. Bloomberg Jobs (72)
  3. Citi Jobs (471)
  4. State Street Jobs (207)
  5. Tower Research Capital Jobs (85)

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.

RankCompanyAverage SalaryHourly Rate
1The Citadel$163,410$78.56
2Oak Hill Advisors$144,799$69.61
3King Street Capital Management$143,489$68.99
4Meta$140,740$67.66
5Calamos Investments$136,799$65.77
6Neuberger Berman$134,950$64.88
7Lord Abbett$134,482$64.65
8Jane Street$134,468$64.65
9Putnam Investments$134,247$64.54
10Pacific Gas and Electric$131,345$63.15
11Syncora Holdings Ltd$131,030$63.00
12Mesirow$130,994$62.98
13Pine River Capital Management$130,546$62.76
14PayPal$129,738$62.37
15Turner Investments$129,102$62.07
16Google$129,074$62.05
17KBI Global Investors$127,313$61.21
18Citicorp North America, Inc$126,879$61.00
19Wachovia Securities$126,464$60.80
20Houzz$126,305$60.72

Wage gap by gender, race and education

$99,000$97,400$95,800$94,200$92,600$91,000
MaleFemale

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

RankIndustryAverage SalaryHourly Rate
1Technology$121,890$58.60
2Energy$106,210$51.06
3Finance$105,904$50.92
4Manufacturing$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

    YearAvg. SalaryHourly 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

    CompanyJobLocationDate AddedSalary
    Us BankQuantitative Model AnalystMcLean, VA12/16/2024$136,989
    CBOEQuantitative Analyst, Index OperationsNew York, NY12/15/2024$84,000
    State StreetAML Transaction Monitoring Senior Quantitative Analyst, ViceBoston, MA12/15/2024$110,000
    American Century CompaniesQuantitative AnalystSanta Clara, CA12/15/2024$135,000
    Nomura Securities InternationalEquity Derivatives Quantitative Analyst (VP or Director)New York, NY12/11/2024$225,000
    Kansas Action for Children, Inc.Quantitative AnalystKansas City, KS12/11/2024$88,500
    Barclays PlcEquity Quantitative Analyst-VPNew York, NY12/10/2024$155,000
    Motion Recruitment PartnersQuantitative AnalystTampa, FL12/10/2024$166,960
    RemooteQuantitative AnalystPhiladelphia, MS12/10/2024$102,000
    Prudential FinancialPgim Fixed Income-Quantitative Analyst, Securitized Products GroupNewark, NJ12/09/2024$165,000

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