How much money does a quantitative analyst earn?

Quantitative analysts (QAs) earn a wide range of salaries, depending on their experience, location, industry, and employer. In the United States, the median annual salary for QAs was reported to be $99,210 in May 2020, according to the U.S. Bureau of Labor Statistics (BLS). The top 10% of QAs earned over $155,810, while the bottom 10% earned less than $55,090.

The following factors can influence a QA's salary:

* Experience: QAs with more experience typically earn higher salaries. The BLS reported that the median annual salary for QAs with less than 1 year of experience was $76,240, while the median salary for QAs with over 10 years of experience was $123,140.

* Location: The cost of living in an area can also impact QAs' salaries. QAs in large metropolitan areas such as New York City and San Francisco tend to earn higher salaries than QAs in rural areas.

* Industry: QAs working in certain industries, such as finance and technology, may earn higher salaries than QAs working in other industries.

* Employer: The type of employer can also affect a QA's salary. QAs working for large corporations or financial institutions may earn higher salaries than QAs working for smaller companies or nonprofits.

Overall, QAs can earn a comfortable salary, and their earnings potential can increase with experience and expertise.