2021 Annual Salary, Salary Range, and Highest Paying States
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Financial Quantitative Analysts
develop quantitative financial products used to inform individuals or financial institutions engaged in saving, lending, investing, borrowing, or managing risk. Investigate methods for financial analysis to create mathematical models used to develop improved analytical tools or advanced financial investment instruments.
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Average salary
Starting salary
Entry-level Financial Quantitative Analysts with little to no experience can expect to make anywhere between $48,760 to $63,670 per year or $23 to $31 per hour. Similar to any other job, their salary will increase as they gain experience.
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Salary rank
We wanted to make it easy for our readers to compare the salary of Financial Quantitative Analysts to all the other careers out there. So we created Salary Rank. We compared the salary of all careers then we gave them a rank of A, B, C, or D depending on where their average salary sit in comparison to other careers.
Salary range
| Level | Hourly | Annual |
|---|---|---|
| Highest (Top 10%) | $77 | $159,560 |
| Senior (Top 25%) | $54 | $112,460 |
| Middle (Mid 50%) | $40 | $83,660 |
| Junior (Bottom 25%) | $31 | $63,670 |
| No experience (Bottom 10%) | $23 | $48,760 |
[custom_headline id=”states” class=”subheading” type=”left” level=”h3″] Highest paying states [/custom_headline]
| State | Hourly | Annual |
|---|---|---|
| NY | $63 | $130,670 |
| DC | $52 | $109,070 |
| MA | $51 | $105,680 |
| CT | $50 | $105,020 |
| NJ | $49 | $101,780 |
| CA | $49 | $101,180 |
| VA | $48 | $100,730 |
| IL | $47 | $97,750 |
| HI | $47 | $97,740 |
| DE | $47 | $97,600 |
Another simple way to increase your salary as a Financial Quantitative Analyst is to move to a higher paying state. However moving to a higher paying state like NY doesn’t guarantee that you will make more because the expenses at NY might be much higher than where you are currently living at right now.
According to BLS, the highest paid Financial Quant Analysts are in the states of NY, DC, MA, CT and NJ.
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