As of May 18, 2021, the average annual pay of Quantitative Trader in the United States is $71,622.
While Salary.com is seeing that Quantitative Trader salary in the US can go up to $92,175 or down to $45,671, but most earn between $58,038 and $82,380.
Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills,
and your experience levels.
With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
View Quantitative Trader Salary by Hour, Week, Month, Year
Salary.com provides you with accurate and diversified Quantitative Trader salary data based on specialized databases to help you get a fairer salary.
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View Quantitative Trader Salary by Experience Levels
An entry-level Quantitative Trader with no related experience makes about $68,418.
With less than 2 years of experience, a mid-level Quantitative Trader makes around $68,627.
After 2-4 years, the Quantitative Trader pay rises to about $69,985.
Those senior Quantitative Trader with 5-8 years of experience earn roughly $73,616,
and those Quantitative Trader having 8 years or more experience are expected to earn about $74,775 on average.
The states and districts that pay Quantitative Trader the highest salary are District of Columbia (around $79,300) ,
California (around $78,999) ,
Massachusetts (around $77,946) ,
Washington (around $77,659) ,
New Jersey (around $77,631),
Alaska (around $77,531),
Connecticut (around $76,542).
The metropolitan areas that pay the highest salary in the Quantitative Trader profession are
San Jose,CA,
San Francisco,CA,
Oakland,CA,
New York,NY,
Queens Village,NY,
Paramus,NJ,
Passaic,NJ,
Bergenfield,NJ,
Stamford,CT,
and Huntington,NY.
Best-Paid Skills and Qualifications for Quantitative Trader
What skills does a Quantitative Trader need?
Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.
1.
Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
2.
Capital Market: Capital markets are financial markets that bring buyers and sellers together to trade stocks, bonds, currencies, and other financial assets. It allows traders to buy and sell stocks and bonds, and enable businesses to raise financial capital to grow.
3.
Technical Analysis: Technical analysis is an analysis methodology for analyzing and forecasting the direction of prices through the study of past market data, primarily price and volume. To be able to profit from trading by observing market patterns and statistics.
4.
Programming: Executing logic to facilitate computing operations and functionality in one or more languages.
5.
Asset Management: Asset management refers to systematic approach to the governance and realization of value from the things that a group or entity is responsible for, over their whole life cycles. It may apply both to tangible assets (physical objects such as buildings or equipment) and to intangible assets (such as human capital, intellectual property, goodwill and/or financial assets). Asset management is a systematic process of developing, operating, maintaining, upgrading, and disposing of assets in the most cost-effective manner (including all costs, risks and performance attributes). The term is commonly used in the financial sector to describe people and companies who manage investments on behalf of others. Those include, for example, investment managers that manage the assets of a pension fund. It is also increasingly used in both the business world and public infrastructure sectors to ensure a coordinated approach to the optimization of costs, risks, service/performance and sustainability.
Mastering certain specialized skills can lead to a significant increase in pay.
Here are examples of skills and the potential impact they can have on a Quantitative Trader's salary.
Initiative: Can increase your salary by up to 6%.
Risk Management: Can increase your salary by up to 6%.
Problem Solving: Can increase your salary by up to 4%.
Skill
Salary
Salary % Increase
Initiative
$75,919
6%
Risk Management
$75,919
6%
Problem Solving
$74,487
4%
Pricing
$74,487
4%
Collaboration
$73,770
3%
Communication Skills
$73,770
3%
Get Latest Data
View Quantitative Trader Salary Trends
For those exploring the changing dynamics of Quantitative Trader salaries, Salary.com offers detailed insights through our Job Trending in CA Labor Market analysis.
Our research highlights a notable shift in Quantitative Trader compensation over the past six years.
For instance, the median salary has moved from $80,802 in 2023 to about $80,244 in 2024
(for a comprehensive analysis of Quantitative Trader salary trends, click here).
It's crucial to consider several elements, including geographical location, experience level, industry demand, and economic development, as they play a significant role in influencing salary variations.
Average Annual Salary of Quantitative Trader Over Time
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FAQs Regarding Quantitative Trader
1. What is the average salary of a Quantitative Trader?
The average annual salary of Quantitative Trader is $71,622.
In case you are finding an easy salary calculator,
the average hourly pay of Quantitative Trader is $34;
the average weekly pay of Quantitative Trader is $1,377;
the average monthly pay of Quantitative Trader is $5,968.
2. What does a Quantitative Trader do?
Quantitative Trader is responsible for the timely buying and selling of stock options. Reviews orders to ensure accuracy, proper record keeping, and conformance to regulations. Being a Quantitative Trader may provide input or develop financial models to mitigate risk and ensure profits. Requires a bachelor's degree in area of specialty or in a related area, and may require state licensure. Additionally, Quantitative Trader typically reports to a manager or head of a unit/department. To be a Quantitative Trader typically requires 2 to 4 years of related experience. Gains exposure to some of the complex tasks within the job function. Occasionally directed in several aspects of the work.
3. What’s typical Career Path for Quantitative Trader?
A career path is a sequence of jobs that leads to your short- and long-term career goals.
Some follow a linear career path within one field, while others change fields periodically to achieve career or personal goals.
For Quantitative Trader, the first career path typically progresses to Foreign Exchange Trader III.
The second career path typically progresses to Trader (Options), Sr..
The third career path typically progresses to Trader (OTC) III.
Additionally, the fourth career path typically progresses to Trader (Corporate Bonds) III.
4. Where can a Quantitative Trader earn the most?
A Quantitative Trader's earning potential can vary widely depending on several factors, including location, industry, experience, education, and the specific employer.
According to the latest salary data by Salary.com, a Quantitative Trader earns the most in San Jose, CA, where the annual salary of a Quantitative Trader is $90,337.
5. What is the highest pay for Quantitative Trader?
The highest pay for Quantitative Trader is $92,175.
6. What is the lowest pay for Quantitative Trader?
The lowest pay for Quantitative Trader is $45,671.
