Quantitative Analyst
Annual salary range
₹2.6 Lakhs - ₹38 Lakhs
Very High Confidence 
Very High Confidence means the data is based on a large number of latest salaries.
Filter salaries byQuantitative Analyst Salary in Mumbai
based on 767
latest salaries
• updated:
1 Jan 2025
Select an experience to get the exact salary
Salary of majority employees
Experience wise Quantitative Analyst salaries
| Years of experience | Avg. Annual Salary |
|---|---|
Fresher
(117
salaries)
|  ₹2.7 L/yr - ₹36 L/yr |
1
year
(215
salaries)
| ₹2.6 L/yr - ₹38 L/yr |
Login to view exact salary
| |
2
years
(187
salaries)
| ₹2.6 L/yr - ₹38 L/yr |
3
years
(125
salaries)
| ₹3 L/yr - ₹37 L/yr |
4
years
(72
salaries)
| ₹2.6 L/yr - ₹38 L/yr |
View all salaries by experience
Quantitative Analyst Salary in
Mumbai ranges between ₹2.6
Lakhs to ₹38
Lakhs for
less than 1 year of experience to 6 years of experience
. Salary estimates are based on
767 latest salaries received
from Quantitative Analyst.
See latest salaries
Quantitative Analyst salaries in different departments
| Department | Avg Annual Salary |
|---|---|
Data Science & Analytics
Quantitative Analyst Salary
0 - 6
years
exp.
(39
salaries)
| ₹6 L/yr - ₹33 L/yr |
Login to view exact salary
| |
BFSI, Investments & Trading
Quantitative Analyst Salary
0 - 4
years
exp.
(30
salaries)
| ₹6 L/yr - ₹26 L/yr |
View all departments salaries
Explore on this page
Top paying companies
Popular companies
Jobs
available
Similar designations
Salary related reviews
Top interview questions
Latest annual salaries shared by Quantitative Analysts
3d ago
Morningstar
Quantitative Analyst
1 year exp.
4d ago
Crisil
Quantitative Analyst
1 year exp.
5d ago
Indxx Capital Management Services
Quantitative Analyst
3 years exp.
5d ago
Galytix Analytics
Quantitative Analyst
4 years exp.
6d ago
HSBC Group
Quantitative Analyst
1 year exp.
1w ago
Jane Street
Quantitative Analyst
5 years exp.
1w ago
Dolat Capital Market
Quantitative Analyst
4 months exp.
1w ago
Acies Consulting
Quantitative Analyst
3 years exp.
1w ago
Dolat Capital Market
Quantitative Analyst
1 year exp.
1w ago
Wells Fargo
Quantitative Analyst
2 years exp.
View all latest salaries
| Company name | Avg Annual Salary | Open Jobs |
|---|---|---|
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| | ||
| | 3 job openings | |
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| Company Name | Avg Annual Salary | Open Jobs |
|---|---|---|
0 -
4
yrs
exp.
.
Mumbai
(36 salaries)
|
₹10 L/yr - ₹28 L/yr | |
0 -
2
yrs
exp.
.
Mumbai
(24 salaries)
|
₹8.1 L/yr - ₹24 L/yr | |
Login to view exact salary
| ||
1 -
4
yrs
exp.
.
Mumbai
(23 salaries)
|
₹8 L/yr - ₹26 L/yr | 3 job openings |
1 -
5
yrs
exp.
.
Mumbai
(14 salaries)
|
₹12.3 L/yr - ₹38 L/yr | |
0 -
3
yrs
exp.
.
Mumbai
(5 salaries)
|
₹10 L/yr - ₹14 L/yr | |
2 -
7
yrs
exp.
.
Mumbai
(5 salaries)
|
₹12 L/yr - ₹39 L/yr | |
3 -
5
yrs
exp.
.
Mumbai
(5 salaries)
|
₹5.5 L/yr - ₹7.2 L/yr | |
1 -
3
yrs
exp.
.
Mumbai
(5 salaries)
|
₹8 L/yr - ₹12.1 L/yr | |
Login to view exact salary
| ||
|
5 -
10
yrs
exp.
.
Mumbai
(4 salaries)
|
₹12 L/yr - ₹26.6 L/yr | |
0 -
5
yrs
exp.
.
Mumbai
(4 salaries)
|
₹15.9 L/yr - ₹52 L/yr | |
Quantitative Analyst Jobs in Mumbai
Quantitative Analyst
· 1-4 years
Morningstar India (P) Ltd.
Mumbai
Quantitative Analyst
· 3-5 years
William O Neil Co
Bangalore / Bengaluru
Quantitative Analyst
· 1-5 years
Mr. Cooper
Chennai
Similar Designation Salaries for Quantitative Analyst
| Designations | Avg Annual Salary |
|---|---|
Associate Analyst Salary
0 -
4
years
exp.
(1.2k salaries)
| ₹2 L/yr - ₹8 L/yr |
Data Analyst Salary
0 -
6
years
exp.
(7.8k salaries)
| ₹1.8 L/yr - ₹11 L/yr |
Login to view exact salary
| |
Business Analyst Salary
1 -
9
years
exp.
(12k salaries)
| ₹3 L/yr - ₹16.3 L/yr |
Senior Analyst Salary
2 -
8
years
exp.
(11.9k salaries)
| ₹3.2 L/yr - ₹17 L/yr |
Programmer Analyst Salary
1 -
5
years
exp.
(48.1k salaries)
| ₹3.4 L/yr - ₹7.7 L/yr |
View more similar designations
Salary related reviews by similar designations like Quantitative Analyst
UBS
Analyst in Mumbai
• posted on 11 Dec 2018
Likes
Quality of work is good. Teammates are helpful. Good opportunities to learn.
Dislikes
Compensation is low compared to industry standard
Crisil
Senior Analyst in Chennai
• posted on 14 Jun 2021
Likes
Learning opportunities are good in the first few years.
Dislikes
Long working hours and less than industry pay.
Morningstar
Senior Analyst in Navi Mumbai
• posted on 09 Oct 2023
Likes
Work Life Balance,working culture and job security
Dislikes
No career growth after a certain extent ,low pay n compensation, politics in appraisal
read moreJPMorgan Chase & Co.
Senior Analyst in Mumbai
• posted on 15 May 2023
Likes
Salary is good as well as bonus, apart from this there is extra benefit, like food allowance, shift allowance, wifi allowance.
read moreDislikes
working culture is pretty hard, have to work for almost more than 10 hours.
UBS
Business Analyst in Navi Mumbai
• posted on 06 Jun 2022
Likes
Team is well spread.. Flexible work hours.. great work-life balance... Very good package... Good people to work with
read moreDislikes
A lot of regulations in place since it's a Bank. Yet to explore, so not much to mention.
Top skills for Quantitative Analyst
Quantitative Analyst Salary In Other Locations
| Locations | Avg Annual Salary |
|---|---|
Bangalore / Bengaluru
Quantitative Analyst
0 -
6
years
exp.
| ₹2.6 L/yr - ₹38 L/yr |
Pune
Quantitative Analyst
0 -
6
years
exp.
| ₹2.6 L/yr - ₹38 L/yr |
Login to view exact salary
| |
New Delhi
Quantitative Analyst
0 -
6
years
exp.
| ₹2.6 L/yr - ₹38 L/yr |
Gurgaon / Gurugram
Quantitative Analyst
0 -
6
years
exp.
| ₹2.6 L/yr - ₹38 L/yr |
Indore
Quantitative Analyst
0 -
6
years
exp.
| ₹2.6 L/yr - ₹38 L/yr |
View More
Quantitative Analyst Salary By Industries
| Industries | Avg Annual Salary |
|---|---|
Financial Services
Quantitative Analyst
0 -
6
years
exp.
| ₹2.6 L/yr - ₹38 L/yr |
Analytics & KPO
Quantitative Analyst
0 -
6
years
exp.
| ₹2.6 L/yr - ₹38 L/yr |
Login to view exact salary
| |
Internet
Quantitative Analyst
0 -
6
years
exp.
| ₹2.6 L/yr - ₹38 L/yr |
IT Services & Consulting
Quantitative Analyst
0 -
6
years
exp.
| ₹2.6 L/yr - ₹38 L/yr |
Consulting
Quantitative Analyst
0 -
6
years
exp.
| ₹2.6 L/yr - ₹38 L/yr |
View More
Frequently Asked Questions about Quantitative Analyst Salaries
What is the salary of a Quantitative Analyst in India?
Salary for a Quantitative Analyst in India ranges between ₹2.6 Lakhs to ₹38.0 Lakhs per year. Salary estimates are based on 767 latest salaries received from various Quantitative Analysts across industries.
What are the top paying companies that employ Quantitative Analysts?
- JPMorgan Chase & Co. Quantitative Analyst Salary - ₹25.8 Lakhs per year
- UBS Quantitative Analyst Salary - ₹18.8 Lakhs per year
- Morningstar Quantitative Analyst Salary - ₹17.0 Lakhs per year
- Dolat Capital Market Quantitative Analyst Salary - ₹16.0 Lakhs per year
- Quantile Analytics Quantitative Analyst Salary - ₹12.6 Lakhs per year
What is the starting salary for a Quantitative Analyst in India?
Average starting Salary for Quantitative Analyst in India is around ₹2.6 Lakhs per year (₹21.7k per month). No prior experience is required to be a Quantitative Analyst.
What is the highest salary for a Quantitative Analyst in India?
Highest salary that a Quantitative Analyst can earn is ₹42.0 Lakhs per year (₹3.5L per month).
What are the top paying industries for Quantitative Analyst in India?
- Banking - ₹12.0 Lakhs to 39.0 Lakhs per year
- Investment Banking / Venture Capital / Private Equity - ₹9.0 Lakhs to 37.0 Lakhs per year
- Financial Services - ₹4.2 Lakhs to 52.0 Lakhs per year
- Management Consulting - ₹7.0 Lakhs to 23.5 Lakhs per year
- Analytics & KPO - ₹5.5 Lakhs to 18.5 Lakhs per year
What are the top paying cities for Quantitative Analyst in India?
- Mumbai - ₹1.6 Lakhs to 52.0 Lakhs per year
- Gurgaon / Gurugram - ₹4.5 Lakhs to 90.0 Lakhs per year
- Bangalore / Bengaluru - ₹1.0 Lakhs to 40.5 Lakhs per year
- New Delhi - ₹2.0 Lakhs to 42.0 Lakhs per year
- Pune - ₹1.0 Lakhs to 50.0 Lakhs per year
What are the popular/top skills required to become a Quantitative Analyst?
These are the top skills of a Quantitative Analyst based on 18 jobs posted by employers.
- SQL
- Python
- Data Analytics
- Data Analysis
- Machine Learning
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