How Much Do Financial Quant Analysts Make in 2020 (including Starting Salary)

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Financial Quantitative Analysts career information
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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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How Much Do Financial Quant Analysts Make In 2020

Annual Salary, Salary Range, and Highest Paying States.

In this salary guide, you will find out how much do Financial Quantitative Analysts make including their average annual salary, salary per hour, starting salary and the highest paying states. After reading this, you will be able to make a decision if working as a Financial Quantitative Analyst will suit your financial goals.

Average Salary

Annual salary
$77580 per year

Hourly wage
$37 per hour

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.

Starting Salary

Entry-level annual salary
$38030 to $51100 per year

Entry-level hourly wage
$18 to $25 per hour

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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Salary Rank

Salary rank

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.

Salary range

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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