How much does a Quantitative Analyst make?
Quantitative Analysts use math and statistics to help companies make smart financial decisions. The pay for this role can vary a lot, depending on experience and location. Generally, these professionals earn a solid income. The average yearly salary for a Quantitative Analyst is around $129,554. This number can change based on several factors.
Here are some typical salary ranges for Quantitative Analysts, showing how much one might expect to earn at different points in their career:
- At the beginning: $57,630
- With some experience: $72,845
- Mid-level: $88,061
- Experienced: $103,276
- Senior level: $118,492
- Highly experienced: $133,707
- Very senior: $148,923
- Top level: $164,138
- Very top level: $179,354
- Top, top level: $194,569
- The highest: $209,785
- Peak level: $225,000
What are the highest paying cities for a Quantitative Analyst?

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San Francisco, CA
Average Salary: $162,820
In San Francisco, analysts work in a tech-driven environment. Many opportunities exist in finance and tech companies. Top firms include Goldman Sachs and Visa.
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Washington, DC
Average Salary: $157,447
Working in Washington, DC, analysts focus on government and financial sectors. Major employers range from federal agencies to private banks. Companies like Fidelity and Fannie Mae are prominent.
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Dallas, TX
Average Salary: $142,096
In Dallas, analysts enjoy a blend of finance and energy industries. Major employers include JP Morgan and Energy Future Holdings. The city offers a mix of corporate and entrepreneurial opportunities.
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Boston, MA
Average Salary: $137,983
Boston offers a vibrant scene with many financial institutions. Analysts can find roles in biotech and finance. Companies like State Street and Fidelity are top employers.
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San Antonio, TX
Average Salary: $136,853
San Antonio is a growing hub for analysts. The city offers a mix of finance and tech jobs. Top employers include Valero Energy and AT&T.
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Charlotte, NC
Average Salary: $131,459
Charlotte boasts a strong financial sector. Analysts find roles in banking and finance. Companies like Bank of America and Wells Fargo are major employers.
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Houston, TX
Average Salary: $128,473
Houston is a key city for energy and finance. Analysts find roles in both sectors. Companies like BP and Goldman Sachs are significant employers.
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Baltimore, MD
Average Salary: $128,434
Baltimore offers a mix of finance, healthcare, and tech jobs. Analysts can find roles in both public and private sectors. Major employers include Legg Mason and T. Rowe Price.
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Pittsburgh, PA
Average Salary: $126,059
Pittsburgh offers a unique mix of finance and tech. Analysts find roles in healthcare and finance. Companies like PNC and Highmark offer many opportunities.
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Atlanta, GA
Average Salary: $123,234
In Atlanta, analysts enjoy a mix of finance and tech jobs. The city is known for its growing startup scene. Major employers include SunTrust and Coca-Cola.
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What are the best companies a Quantitative Analyst can work for?

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Citi
Average Salary: $188,175
Citi offers Quantitative Analyst roles with a focus on risk management, trading strategies, and financial modeling. The company operates globally with major hubs in New York, London, and Hong Kong.
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Freddie Mac
Average Salary: $162,841
Freddie Mac provides Quantitative Analyst positions that involve analyzing mortgage data, market trends, and financial risk. The company operates across the U.S., with its headquarters in McLean, Virginia.
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Fidelity Investments
Average Salary: $160,250
Fidelity Investments looks for Quantitative Analysts to work on investment strategies, financial analysis, and data-driven decision-making. The company operates in many locations in the U.S., with a significant presence in Boston, Massachusetts.
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Pacific Gas and Electric
Average Salary: $154,986
Pacific Gas and Electric hires Quantitative Analysts to focus on energy data analysis, financial forecasting, and risk assessment. The company operates throughout California.
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Barclays
Average Salary: $154,584
Barclays offers Quantitative Analyst jobs that involve market analysis, risk management, and trading strategies. The bank has offices worldwide, with significant locations in London and New York.
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PNC Financial Services Group
Average Salary: $147,761
PNC Financial Services Group seeks Quantitative Analysts for roles in financial modeling, risk assessment, and investment strategies. The company operates mainly in the U.S., with headquarters in Pittsburgh, Pennsylvania.
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Youtube
Average Salary: $147,647
Youtube employs Quantitative Analysts to analyze user data, content performance, and advertising effectiveness. The company is part of Google LLC and operates globally, with headquarters in San Bruno, California.
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Bank of America
Average Salary: $140,580
Bank of America provides Quantitative Analyst positions that involve financial analysis, risk management, and market research. The bank has a nationwide presence in the U.S., with a major hub in Charlotte, North Carolina.
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Huntington Bank
Average Salary: $131,667
Huntington Bank hires Quantitative Analysts for roles in financial modeling, risk analysis, and investment strategies. The company operates mainly in the Midwest and East Coast of the U.S., with a headquarters in Columbus, Ohio.
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M&T Bank
Average Salary: $129,488
M&T Bank offers Quantitative Analyst positions focusing on financial analysis, risk assessment, and market research. The bank operates in the Northeastern and Mid-Atlantic regions of the U.S., with a headquarters in Buffalo, New York.
How to earn more as a Quantitative Analyst?
Quantitative Analysts can boost their earnings by focusing on key areas that enhance their skills and market value. One of the most effective ways is to gain experience in specific industries, such as finance or tech, where quant skills are in high demand. Employers often pay more to candidates with specialized industry experience.
Investing in advanced education and certifications also plays a crucial role. Degrees in mathematics, statistics, or computer science, along with certifications like the CFA or FRM, can open doors to higher-paying positions. Networking with professionals in the field provides opportunities for job openings and salary negotiations. Continuous learning and staying updated with the latest trends and tools help maintain and increase earning potential.
Consider these key factors to earn more as a Quantitative Analyst:
- Specialized Industry Experience: Gain expertise in high-demand sectors.
- Advanced Education: Pursue relevant degrees and certifications.
- Networking: Connect with industry professionals for job leads.
- Continuous Learning: Keep skills up-to-date with the latest trends.
- Professional Development: Attend workshops and conferences to enhance knowledge.



