How much does a Quantitative Analyst make?
Quantitative Analysts, often called "quants," work in finance and use math and computer skills to help make smart decisions. They look at data and create models to predict market trends. This job can be very rewarding, both in terms of job satisfaction and salary. The average yearly salary for a Quantitative Analyst is around $122,125. This means that, on average, quants earn a good living.
The salary for Quantitative Analysts can vary based on experience and location. Some quants earn less than $70,000 a year, while others earn over $200,000. Here are some common salary ranges for different levels of experience:
- Entry-level: $70,000 to $85,000
- Mid-level: $100,000 to $130,000
- Senior-level: $146,000 to $207,000
- Very experienced: $207,000 to $237,000
What are the highest paying cities for a Quantitative Analyst?
-
San Francisco, CA
Average Salary: $158,319
In San Francisco, professionals thrive in a dynamic tech environment. Companies like Goldman Sachs and JPMorgan Chase offer exciting opportunities for those with strong analytical skills. The city's vibrant culture enhances the work experience.
Find Quantitative Analyst jobs in San Francisco, CA
-
Dallas, TX
Average Salary: $154,389
Dallas provides a strong financial sector with companies like AT&T and ExxonMobil. Working here means being part of a growing industry. The city's friendly atmosphere makes it a great place to build a career.
Find Quantitative Analyst jobs in Dallas, TX
-
Seattle, WA
Average Salary: $142,286
Seattle is known for its tech giants like Amazon and Microsoft. Professionals here enjoy a mix of innovation and collaboration. The city's natural beauty adds to the quality of life.
Find Quantitative Analyst jobs in Seattle, WA
-
Washington, DC
Average Salary: $141,640
In Washington, DC, you'll find a mix of finance and government sectors. Working with firms like Fannie Mae and Freddie Mac offers unique opportunities. The city's rich history adds to its appeal.
Find Quantitative Analyst jobs in Washington, DC
-
San Antonio, TX
Average Salary: $136,323
San Antonio offers a growing job market with companies like AT&T and H-E-B. The city's affordability and friendly community make it a great place to work and live.
Find Quantitative Analyst jobs in San Antonio, TX
-
Charlotte, NC
Average Salary: $128,668
Charlotte is a financial hub with major banks like Bank of America. Working here means being part of a thriving industry. The city's vibrant arts scene enhances the overall experience.
Find Quantitative Analyst jobs in Charlotte, NC
-
Boston, MA
Average Salary: $128,135
Boston offers a mix of finance and education. Companies like Fidelity Investments and State Street provide excellent opportunities. The city's rich history and culture add to the professional experience.
Find Quantitative Analyst jobs in Boston, MA
-
Houston, TX
Average Salary: $127,614
Houston is a key player in the energy sector. Working with companies like ExxonMobil and Chevron offers exciting challenges. The city's diverse culture makes it a welcoming place to work.
Find Quantitative Analyst jobs in Houston, TX
-
Atlanta, GA
Average Salary: $127,544
Atlanta is a growing tech and finance hub. Companies like Coca-Cola and Delta Air Lines offer diverse opportunities. The city's warm climate and vibrant lifestyle enhance the work experience.
Find Quantitative Analyst jobs in Atlanta, GA
-
Pittsburgh, PA
Average Salary: $124,175
Pittsburgh offers a mix of tech and healthcare sectors. Working with firms like UPMC and Carnegie Mellon University provides unique opportunities. The city's rich history and affordable living make it an attractive place to work.
Find Quantitative Analyst jobs in Pittsburgh, PA
What are the best companies a Quantitative Analyst can work for?
-
UBS
Average Salary: $203,979
UBS offers exciting opportunities for Quantitative Analysts. They work on complex financial modeling and risk analysis. UBS operates globally, with major offices in Switzerland, the USA, and the UK.
-
Selby Jennings
Average Salary: $194,792
Selby Jennings provides a dynamic environment for Quantitative Analysts. They focus on developing trading strategies and market analysis. The company has offices in New York and Chicago.
-
Citi
Average Salary: $186,893
At Citi, Quantitative Analysts work on financial modeling and risk management. They support various departments across the bank. Citi has a strong presence in the USA, Europe, and Asia.
-
TEKsystems
Average Salary: $174,545
TEKsystems offers Quantitative Analysts roles in financial services and consulting. They develop algorithms and data models. The company operates nationwide in the USA.
-
Barclays
Average Salary: $173,767
Barclays provides Quantitative Analysts with opportunities to work on risk management and financial modeling. They support trading and investment banking. Barclays has offices worldwide, including the USA, UK, and Middle East.
-
Fannie Mae
Average Salary: $164,935
Fannie Mae offers Quantitative Analysts roles in mortgage-related data analysis. They work on risk assessment and financial modeling. The company operates in the USA.
-
Freddie Mac
Average Salary: $158,241
Freddie Mac provides Quantitative Analysts with opportunities in mortgage risk analysis. They develop models to support the housing market. The company operates in the USA.
-
Bank of America
Average Salary: $152,326
Bank of America offers Quantitative Analysts roles in financial modeling and risk analysis. They support various departments across the bank. The company has a strong presence in the USA.
-
USAA
Average Salary: $150,360
USAA provides Quantitative Analysts with opportunities in financial modeling and risk management. They support the banking and insurance sectors. The company operates in the USA.
-
Fidelity Investments
Average Salary: $137,708
Fidelity Investments offers Quantitative Analysts roles in financial modeling and data analysis. They support investment products and services. The company operates in the USA.
How to earn more as a Quantitative Analyst?
A Quantitative Analyst can increase their earnings by focusing on several key areas. Building a strong foundation in mathematics, statistics, and computer science is essential. Mastery of these areas allows for more complex analysis and modeling, which can lead to higher-paying positions. Continuous learning and staying updated with the latest trends and technologies in the field also play a crucial role. This ensures that a Quantitative Analyst remains competitive and valuable in the job market.
Networking and professional development are other important factors. Attending industry conferences, joining professional organizations, and connecting with peers can lead to new job opportunities and higher salary offers. Gaining experience in high-demand areas such as machine learning, financial modeling, and risk management can also boost earnings. Finally, seeking out and negotiating for higher-paying positions, possibly in different sectors or regions, can significantly increase income. Each of these factors contributes to a Quantitative Analyst's ability to earn more.
Here are five factors to consider for earning more as a Quantitative Analyst:
- Master mathematics, statistics, and computer science.
- Stay updated with the latest industry trends and technologies.
- Network and develop professionally.
- Gain experience in high-demand areas.
- Seek higher-paying positions and negotiate effectively.
