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.
How Much Do Financial Quant Analysts Make In 2020
Annual Salary, Salary Range, and Highest Paying States.
One of the most popular questions we get from our readers here is how much do Financial Quant Analysts make per year and their hourly wage.
Entry-level Financial Quant Analysts with little to no experience can expect to make anywhere between $38030 to $51100 per year or $18 to $25 per hour.
Just like any other job, the salary of a Financial Quantitative Analyst will increase as they become more experienced.
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We wanted to make it easy for our readers to compare the salary of a Financial Quantitative Analyst to all the other careers out there. So we created Salary Rank. We compare the salary of all careers then we give them a rank of A, B, C or D depending on where their average salary sits in comparison to other careers.
After comparing how much do Financial Quant Analysts make with other careers, they have a salary rank of B.
|Highest (Top 10%)||$59||$123360|
|Senior (Top 25%)||$45||$94580|
|Middle (Mid 50%)||$34||$70280|
|Junior (Bottom 25%)||$25||$51100|
|No experience (Bottom 10%)||$18||$38030|
Highest paying states
|DC||$ 52||$ 107,760|
|NY||$ 46||$ 96,480|
|IL||$ 45||$ 93,200|
|MA||$ 42||$ 88,370|
|VA||$ 42||$ 87,810|
|GA||$ 41||$ 85,610|
|CO||$ 40||$ 83,800|
|AZ||$ 40||$ 82,200|
|NJ||$ 39||$ 81,660|
|DE||$ 39||$ 80,950|
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 DC doesn’t guarantee that you will make more because the expenses at DC 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 DC, NY, IL, MA and VA.
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manage communications or negotiations between corporate issuers of securities and clients regarding private equity investments. Underwrite the issuance of securities to provide capital for client growth. Negotiate and structure the terms of mergers or acquisitions.
investigate or inspect government property to ensure compliance with contract agreements and government regulations.
prepare tax returns for individuals or small businesses.
design and conduct training and development programs to improve individual and organizational performance. May analyze training needs.
prepare cost estimates for product manufacturing, construction projects, or services to aid management in bidding on or determining price of product or service. May specialize according to particular service performed or type of product manufactured.
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