Quantitative Analyst
Annual salary range
₹6 Lakhs - ₹33 Lakhs
Very High Confidence 
Very High Confidence means the data is based on a large number of latest salaries.
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Filter salaries byQuantitative Analyst Salary in Mumbai (Updated 2025)
based on 229
latest salaries
• updated:
22 Mar 2025
Select an experience to get the exact salary
Salary of majority employees
Quantitative Analyst Salary in Mumbai ranges between ₹6 Lakhs to ₹33 Lakhs for less than 1 year of experience to 6 years of experience. Salary estimates are based on 229 latest salaries received from Quantitative...
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Top paying companies
Popular companies
Latest annual salaries
Salaries by experience
Jobs
available
Similar designations
Salary related reviews
Top interview questions
| Company name | Avg. annual salary | Open Jobs |
|---|---|---|
 | ||
Wells Fargo Quantitative Analyst Salary
1 year exp | | |
 Quantitative Analyst Salary
1 year exp | | |
 Quantitative Analyst Salary
1 year exp | | |
 Quantitative Analyst Salary
1 year exp | | 2 job openings |
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View more companies
| Company Name | Avg. annual salary | Open Jobs |
|---|---|---|
1 -
2
yrs
exp.
.
Mumbai
(3 salaries)
|
₹13 L/yr - ₹16 L/yr | |
2 -
4
yrs
exp.
.
Mumbai
(3 salaries)
|
₹9 L/yr - ₹13 L/yr | |
Login to view exact salary
| ||
3 -
4
yrs
exp.
.
Mumbai
(AmbitionBox Estimate)
|
₹9 L/yr - ₹11.5 L/yr | |
2 -
8
yrs
exp.
.
Mumbai
(AmbitionBox Estimate)
|
₹16.7 L/yr - ₹21.3 L/yr | |
|
3 -
5
yrs
exp.
.
Mumbai
(AmbitionBox Estimate)
|
₹10.6 L/yr - ₹13.5 L/yr | |
1 -
2
yrs
exp.
.
Mumbai
(AmbitionBox Estimate)
|
₹18.9 L/yr - ₹24.2 L/yr | |
4 -
10
yrs
exp.
.
Mumbai
(AmbitionBox Estimate)
|
₹40.5 L/yr - ₹51.8 L/yr | |
|
6 -
8
yrs
exp.
.
Mumbai
(AmbitionBox Estimate)
|
₹20.3 L/yr - ₹25.9 L/yr | |
Login to view exact salary
| ||
3 -
5
yrs
exp.
.
Mumbai
(AmbitionBox Estimate)
|
₹1.8 L/yr - ₹2.3 L/yr | |
3 -
4
yrs
exp.
.
Mumbai
(AmbitionBox Estimate)
|
₹2.2 L/yr - ₹2.8 L/yr | |
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
Quantitative Analyst salaries by
| Years of experience | Avg. annual salary |
|---|---|
Fresher
(26
salaries)
| ₹4 L/yr - ₹21 L/yr |
1
year
(53
salaries)
| ₹6 L/yr - ₹26 L/yr |
Login to view exact salary
| |
2
years
(51
salaries)
| ₹7.8 L/yr - ₹32 L/yr |
3
years
(45
salaries)
| ₹6 L/yr - ₹27.3 L/yr |
4
years
(32
salaries)
| ₹8 L/yr - ₹34 L/yr |
View all salaries by experience
Quantitative Analyst Jobs in Mumbai
Quantitative Analyst
· 9-11 years
Morningstar
Thane
Quantitative Analyst
· 1-3 years
BNP Paribas
Mumbai
Quantitative Analyst
· 1-5 years
Mr. Cooper
Chennai
Similar Designation Salary
| Similar Designation | Avg. annual salary |
|---|---|
Associate Analyst Salary
0 -
4
years
exp.
(1.3k salaries)
| ₹2 L/yr - ₹8 L/yr |
Data Analyst Salary
0 -
6
years
exp.
(8.4k salaries)
| ₹1.8 L/yr - ₹11.2 L/yr |
Login to view exact salary
| |
Business Analyst Salary
1 -
9
years
exp.
(12.3k salaries)
| ₹3 L/yr - ₹16.4 L/yr |
Senior Analyst Salary
2 -
8
years
exp.
(11.8k salaries)
| ₹3.3 L/yr - ₹17.3 L/yr |
Programmer Analyst Salary
1 -
5
years
exp.
(271 salaries)
| ₹2.5 L/yr - ₹10.2 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.
- Skill development - Excellent
+5 more
Dislikes
Compensation is low compared to industry standard
JPMorgan Chase & Co.
Analyst in Mumbai
• posted on 19 Sep 2022
Likes
Compensation is great. People are skilled and great to work with.
- Salary - Good
+1 more
Dislikes
Regular In-office policy. Tech Stack is a bit old, but organization is in the process of upgrading Tech Stack
- Skill development - Poor
+3 more
Crisil
Analyst in Mumbai
• posted on 24 Jan 2025
Likes
Company with strong work-life balance, supportive management and positive work culture.
- Salary - Good
+6 more
Dislikes
Only on the salary part- which is comparatively less.
Morningstar
Senior Analyst in Navi Mumbai
• posted on 09 Oct 2023
Likes
Work Life Balance,working culture and job security
- Job security - Good
+2 more
Dislikes
No career growth after a certain extent ,low pay n compensation, politics in appraisal
read moreTop skills for Quantitative Analyst
Quantitative Analyst Salary In Other Locations
| Locations | Avg. annual salary |
|---|---|
Bangalore / Bengaluru
Quantitative Analyst
0 -
5
years
exp.
| ₹2.6 L/yr - ₹35 L/yr |
Pune
Quantitative Analyst
0 -
5
years
exp.
| ₹3.6 L/yr - ₹20 L/yr |
Login to view exact salary
| |
New Delhi
Quantitative Analyst
0 -
5
years
exp.
| ₹2.2 L/yr - ₹32 L/yr |
Gurgaon / Gurugram
Quantitative Analyst
0 -
5
years
exp.
| ₹6 L/yr - ₹41 L/yr |
Chennai
Quantitative Analyst
0 -
6
years
exp.
| ₹0.3 L/yr - ₹50 L/yr |
View More
Quantitative Analyst Salary By Industries
| Industries | Avg. annual salary |
|---|---|
Financial Services Quantitative Analyst
0 -
6
years
exp.
| ₹5.5 L/yr - ₹34 L/yr |
Analytics & KPO Quantitative Analyst
0 -
5
years
exp.
| ₹5 L/yr - ₹26 L/yr |
Login to view exact salary
| |
Internet Quantitative Analyst
0 -
5
years
exp.
| ₹7 L/yr - ₹34 L/yr |
IT Services & Consulting Quantitative Analyst
0 -
5
years
exp.
| ₹2.4 L/yr - ₹40 L/yr |
Consulting Quantitative Analyst
0 -
5
years
exp.
| ₹5 L/yr - ₹35 L/yr |
View More
Frequently Asked Questions (FAQS) about Quantitative Analyst Salaries
What is the salary of a Quantitative Analyst in India?
The salary of a Quantitative Analyst in India varies based on experience, location, company & Industry.
On average, Quantitative Analyst salaries ranges from ₹6.0 Lakhs to ₹33.0 Lakhs per year. Top companies and specialized roles may offer higher compensation.
The average starting salary is around ₹6.0 Lakhs to ₹33.0 Lakhs per year, with the highest salary reaching ₹13.5 Lakhs to ₹29.0 Lakhs per year. Salary estimates are based on 229 salaries received from various Quantitative Analysts across industries.
The average starting salary is around ₹6.0 Lakhs to ₹33.0 Lakhs per year, with the highest salary reaching ₹13.5 Lakhs to ₹29.0 Lakhs per year. Salary estimates are based on 229 salaries received from various Quantitative Analysts across industries.
What are the top paying companies that employ Quantitative Analysts?
Quantitative Analyst Salaries at Top paying companies in India are
Salaries depend on experience, role, and location. Additional compensation may include bonuses and stock options.
| JPMorgan Chase & Co. Quantitative Analyst Salary | ₹13.5 Lakhs to ₹29 Lakhs per year |
| Wells Fargo Quantitative Analyst Salary | ₹9 Lakhs to ₹20 Lakhs per year |
| UBS Quantitative Analyst Salary | ₹10 Lakhs to ₹21 Lakhs per year |
| Dolat Capital Market Quantitative Analyst Salary | ₹8 Lakhs to ₹20 Lakhs per year |
| Morningstar Quantitative Analyst Salary | ₹8 Lakhs to ₹21 Lakhs per year |
What are the top paying cities for Quantitative Analyst in India?
The annual salary for Quantitative Analyst in India varies by location. Top paying cities for Quantitative Analyst are
Salary expectations for Quantitative Analyst may vary based on job roles, experience, and specific employer requirements.
| Quantitative Analyst Salary in Bangalore / Bengaluru | ₹2.6 Lakhs to ₹35.0 Lakhs per year |
| Quantitative Analyst Salary in Pune | ₹3.6 Lakhs to ₹20.0 Lakhs per year |
| Quantitative Analyst Salary in New Delhi | ₹2.2 Lakhs to ₹32.0 Lakhs per year |
| Quantitative Analyst Salary in Gurgaon / Gurugram | ₹6.0 Lakhs to ₹41.0 Lakhs per year |
| Quantitative Analyst Salary in Chennai | ₹0.3 Lakhs to ₹50.0 Lakhs per year |
What are the top paying industries for Quantitative Analyst in India?
Top 5 paying Industries for Quantitative Analyst in India are:
| Quantitative Analyst Salary in Financial Services | ₹5.5 Lakhs to ₹34.0 Lakhs per year |
| Quantitative Analyst Salary in Analytics & KPO | ₹5.0 Lakhs to ₹26.0 Lakhs per year |
| Quantitative Analyst Salary in Internet | ₹7.0 Lakhs to ₹34.0 Lakhs per year |
| Quantitative Analyst Salary in IT Services & Consulting | ₹2.4 Lakhs to ₹40.0 Lakhs per year |
| Quantitative Analyst Salary in Consulting | ₹5.0 Lakhs to ₹35.0 Lakhs per year |
What are the fresher salaries as Quantitative Analyst?
Fresher salaries for Quantitative Analyst in India typically range from ₹4 Lakhs to ₹21 Lakhs per year, depending on the company, location, and skill set. Fresher salaries are generally higher in IT Industry than in other Industries in India.
How does experience affect salaries of a Quantitative Analyst in India?
Experience significantly impacts a Quantitative Analyst salary in India. Salaries increase with experience, as Quantitative Analyst take on more complex tasks, responsibilities, and leadership roles.
Quantitative Analyst salary at different experience level are as follows:
and so on.
| Experience | Average Salary Range |
|---|---|
| Fresher | ₹4.0 Lakhs to ₹21.0 Lakhs per year |
| 1 year | ₹6.0 Lakhs to ₹26.0 Lakhs per year |
| 2 years | ₹7.8 Lakhs to ₹32.0 Lakhs per year |
| 3 years | ₹6.0 Lakhs to ₹27.3 Lakhs per year |
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