How much does a Quantitative Analyst make?
Quantitative Analysts (Quants) work with numbers to help companies make smart decisions. They look at data to predict trends and guide investments. Their work is very important in finance, risk management, and trading. In general, Quants earn a solid salary. The average yearly salary for a Quant stands at about $120,432. This figure reflects the various roles and experience levels within the field.
Salary can vary based on factors like location, company, and experience. Junior Quants just starting their careers can expect to earn around $70,000 per year. As they gain experience and expertise, their salary can grow significantly. At the top end, experienced Quants can earn up to $230,000 annually. These higher salaries often come with more responsibility and advanced roles.
What are the highest paying cities for a Quantitative Analyst?

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San Francisco, CA
Average Salary: $165,106
In San Francisco, expect to join a vibrant tech scene. Companies like Goldman Sachs and Morgan Stanley offer opportunities in finance. The city's dynamic environment provides a fast-paced, challenging workplace.
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Dallas, TX
Average Salary: $154,274
Dallas offers a strong financial sector with major companies such as JPMorgan Chase. The city's business-friendly atmosphere makes it an ideal place for professionals. Working here means being part of a growing tech and finance hub.
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Washington, DC
Average Salary: $141,498
In Washington, DC, you will find a mix of finance, government, and consulting firms. Companies such as BlackRock and Fidelity provide excellent career growth. The city's unique blend of industries offers diverse opportunities.
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San Antonio, TX
Average Salary: $136,057
San Antonio boasts a thriving business environment with firms like AT&T and Valero Energy. The city is known for its affordability and strong community support. It offers a great balance of work and lifestyle.
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Boston, MA
Average Salary: $132,988
Boston offers a rich history in finance and education. Companies like State Street Corporation and Fidelity Investments provide excellent career paths. The city’s academic influence adds to its vibrant professional scene.
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Charlotte, NC
Average Salary: $129,404
Charlotte is a financial powerhouse, home to Bank of America and Wells Fargo. The city offers a welcoming environment with a strong job market. Professionals here benefit from a growing economy and a high quality of life.
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Pittsburgh, PA
Average Salary: $127,681
Pittsburgh offers a unique blend of finance and technology. PNC and Highmark provide strong opportunities. The city's focus on innovation and cost-effective living makes it an attractive place to work.
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Houston, TX
Average Salary: $123,342
Houston's energy sector drives many opportunities. Companies like Schlumberger and Baker Hughes offer promising careers. The city’s growth and diverse industries make it a dynamic place to work.
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Baltimore, MD
Average Salary: $123,216
Baltimore offers a mix of finance and healthcare opportunities. Johns Hopkins and Legg Mason provide strong career paths. The city's vibrant culture and lower cost of living add to its appeal.
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Atlanta, GA
Average Salary: $122,864
Atlanta is a major hub for finance and logistics. Companies such as SunTrust Bank and Delta Air Lines offer excellent opportunities. The city’s warm climate and growing economy attract many professionals.
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What are the best companies a Quantitative Analyst can work for?

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Selby Jennings
Average Salary: $211,875
Selby Jennings offers Quantitative Analyst jobs with a strong focus on risk management and financial modeling. They operate globally, with major offices in New York, London, and Hong Kong. Candidates can expect to work with cutting-edge technology and a dynamic team.
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UBS
Average Salary: $207,500
UBS provides Quantitative Analyst positions that involve complex data analysis and quantitative research. The company has offices worldwide, including in Zurich, New York, and Singapore. Working here means engaging with global financial markets and a diverse range of clients.
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Citi
Average Salary: $191,121
Citi offers Quantitative Analyst jobs focused on market risk analysis and financial modeling. They have a significant presence in major financial hubs like New York, London, and Hong Kong. Employees benefit from a collaborative environment and a wide array of resources.
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Barclays
Average Salary: $173,844
Barclays offers Quantitative Analyst roles that involve risk management and financial data analysis. The company operates in multiple locations, including London, New York, and Dubai. Working at Barclays means engaging with innovative projects and a strong team culture.
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Freddie Mac
Average Salary: $165,761
Freddie Mac provides Quantitative Analyst positions focused on financial modeling and risk analysis. They are headquartered in McLean, VA, with additional offices in major cities. Employees will work on projects that impact the housing market and financial stability.
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Fannie Mae
Average Salary: $164,935
Fannie Mae offers Quantitative Analyst jobs centered on risk assessment and financial analysis. The company operates from Washington, D.C., and has a strong presence in the housing finance sector. Here, analysts will engage in impactful work that supports the mortgage market.
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Bank of America
Average Salary: $154,034
Bank of America provides Quantitative Analyst roles that involve data analysis and risk management. The bank is headquartered in Charlotte, NC, with offices in major financial centers. Employees can expect a collaborative environment and access to extensive resources.
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Fidelity Investments
Average Salary: $149,029
Fidelity Investments offers Quantitative Analyst positions focused on financial modeling and analysis. The company operates in Boston, MA, and has a significant presence in the investment industry. Here, analysts will work with a variety of clients and advanced financial tools.
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USAA
Average Salary: $146,300
USAA offers Quantitative Analyst jobs that involve risk assessment and financial modeling. The company operates from San Antonio, TX, and serves the financial needs of military members and their families. Employees benefit from a supportive and innovative work environment.
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Pacific Gas and Electric
Average Salary: $141,714
Pacific Gas and Electric provides Quantitative Analyst positions focused on energy market analysis and risk management. The company operates in California and offers a unique role in the utility sector. Here, analysts will engage with projects that support energy distribution and sustainability.
How to earn more as a Quantitative Analyst?
A Quantitative Analyst (Quant) can improve their earnings by focusing on several key areas. Attention to detail, proficiency in coding, and a deep understanding of financial markets are crucial. Building strong relationships with colleagues and clients can also open doors to better-paying positions. Staying current with industry trends and technologies ensures competitiveness in the job market. Networking within the industry and pursuing advanced certifications can lead to higher-paying roles.
Here are five key factors to help increase earnings as a Quantitative Analyst:
- Advanced Education and Certifications: Earning a master's degree in quantitative fields like finance, mathematics, or statistics can significantly boost earning potential. Additional certifications in financial modeling or risk management can also make a Quant more valuable.
- Proficiency in Coding and Technology: Strong skills in programming languages such as Python, R, and C++ are essential. Familiarity with financial software and data analysis tools can set a Quant apart.
- Experience in Financial Markets: Gaining experience in different financial sectors, such as trading, investment banking, or hedge funds, can lead to higher earnings. Understanding market trends and risk management techniques is crucial.
- Networking and Professional Relationships: Building a strong professional network can lead to job opportunities and salary negotiations. Attending industry conferences, joining professional associations, and staying connected with peers can be beneficial.
- Continuous Learning and Adaptability: Staying updated with the latest industry trends and continuously learning new skills can enhance job performance and earning potential. Adapting to new technologies and methodologies is key to career growth.



