How Much Do Quantitative Financial Analysts Make?
Having a clear understanding of earnings potential is important, especially if you are researching career paths or considering changing jobs. If you're one of those people, and you're curious what kind of salary quantitative financial analysts make, you've come to the right place.
Using data from Lightcast,™ the Best Adult Colleges and Careers Guide has compiled rich information about salary for quantitative financial analysts and related jobs, including details about average compensation, salary trends and job growth. We've also gathered advertised salaries from actual job postings to provide insight into what employers of quantitative financial analysts are offering as compensation.
Keep reading to learn more about how much quantitative financial analysts can expect to make in the United States.
At a Glance: Salary & Jobs for Quantitative Financial Analysts
According to data from 2022, there were about 137,008 positions for quantitative financial analysts in the United States. In terms of salary, the national median salary for quantitative financial analysts was reported to be $73,798. Additionally, when examining job demand, employers across the country posted 12,324 job postings related to positions for quantitative financial analysts.
How Much Money Do Quantitative Financial Analysts Make?
Median salary is just one data point. To build a better understanding of how much money quantitative financial analysts and related positions can expect to make in the United States, it can be helpful to look at the full range of compensation for those jobs.
Let's look more deeply at data that was reported to the U.S. Bureau of Labor Statistics (BLS) for detail into the lowest and highest salary earnings for quantitative financial analysts.
Annual Salary for Quantitative Financial Analysts
According to the BLS, the lowest earners for quantitative financial analysts and related professions earned about $38,334 per year in 2022. Meanwhile, at the other end of the spectrum, the highest earners made about $133,078 annually.
As mentioned previously, the median salary for quantitative financial analysts in the United States in 2022 was $73,798.
Annual Salary Range For Quantitative Financial Analysts In 2022
Hourly Salary for Quantitative Financial Analysts
The BLS also breaks down compensation for quantitative financial analysts by hourly salary, and the median average hourly pay for quantitative financial analysts in 2022 was $35. Lowest hourly earners took home $18 while the highest reported hourly salaries for quantitative financial analysts was $64.
Hourly Salary Range For Quantitative Financial Analysts In 2022
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Advertised Compensation for Quantitative Financial Analysts
Data from the BLS is one way to dig into compensation for quantitative financial analysts, but another way to build a more real-time understanding of salary is to look at actual job postings and see what compensation organizations are currently providing to fill open positions for quantitative financial analysts.
Keep in mind that salary data is not included in every job posting, so the information compiled here is reflective of the data available through Lightcast.™
Annual Salary from Job Postings for Quantitative Financial Analysts
Advertised Annual Salary
During a review of 16,200 job postings related to quantitative financial analysts, advertised salary was included in 4,121 of them, which was 25%. Based on those postings, the median advertised salary for quantitative financial analysts was $89,984 per year.
Hourly Salary from Job Postings for Quantitative Financial Analysts
Advertised Hourly Salary
A similar analysis of job postings provides insight into advertised hourly salary for quantitative financial analysts. Based on 33% of postings with advertised compensation, the median hourly salary for open positions for quantitative financial analysts in the United States is about $43.
Salary Trend for Quantitative Financial Analysts
If you're thinking about pursuing a career in the field, you may want to understand how compensation has changed over time for quantitative financial analysts. The chart below provides a snapshot of advertised salaries over the past three years.
Based on compensation data that was included in job postings for quantitative financial analysts dating back to September 2019, advertised salaries for quantitative financial analysts have increased 76%.
Advertised Wage Trend For Quantitative Financial Analysts
What's the Job Growth for Quantitative Financial Analysts?
Another data point that someone thinking about a career path should consider is whether or not jobs are expected to see growth in the future. The chart below looks at projected employment for quantitative financial analysts over the next 10 years.
According to the data obtained through Lightcast,™ there were 137,133 jobs for quantitative financial analysts in the United States in 2022. By 2032, it is expected that about 15,764 jobs will be added. That's a 11.5% increase over the next 10-year period.
Employment Projections For Quantitative Financial Analysts
Additional Links
Ready to dig deeper into career information about quantitative financial analysts? Visit our other pages focused on salary and education for quantitative financial analysts.
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Quantitative Financial Analysts: How do you become one?
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