Quantitative Research Analyst
Annual salary range
₹6.3 Lakhs - ₹36 Lakhs
High Confidence 
High Confidence means the data is based on a large number of latest salaries.
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Filter salaries byQuantitative Research Analyst Salary in Mumbai (Updated 2025)
based on 41
latest salaries
• updated:
22 Mar 2025
Select an experience to get the exact salary
Salary of majority employees
Quantitative Research Analyst Salary in Mumbai ranges between ₹6.3 Lakhs to ₹36 Lakhs for less than 1 year of experience to 6 years of experience. Salary estimates are based on 41 latest salaries received from...
Read More
| Company Name | Avg. annual salary | Open Jobs |
|---|---|---|
0 -
3
yrs
exp.
.
Mumbai
(19 salaries)
|
₹24 L/yr - ₹42 L/yr | |
5 -
6
yrs
exp.
.
Mumbai
(3 salaries)
|
₹18.5 L/yr - ₹20.4 L/yr | |
Login to view exact salary
| ||
5 -
10
yrs
exp.
.
Mumbai
(AmbitionBox Estimate)
|
₹31.5 L/yr - ₹40.2 L/yr | |
|
2 -
3
yrs
exp.
.
Mumbai
(AmbitionBox Estimate)
|
₹6.8 L/yr - ₹8.6 L/yr | |
2 -
6
yrs
exp.
.
Mumbai
(AmbitionBox Estimate)
|
₹16.2 L/yr - ₹20.7 L/yr | |
|
2 -
3
yrs
exp.
.
Mumbai
(AmbitionBox Estimate)
|
₹22.5 L/yr - ₹28.8 L/yr | |
|
5 -
15
yrs
exp.
.
Mumbai
(AmbitionBox Estimate)
|
₹41.9 L/yr - ₹53.5 L/yr | |
2 -
3
yrs
exp.
.
Mumbai
(AmbitionBox Estimate)
|
₹7.2 L/yr - ₹9.2 L/yr | |
Login to view exact salary
| ||
|
0 -
10
yrs
exp.
.
Mumbai
(AmbitionBox Estimate)
|
₹26.6 L/yr - ₹34 L/yr | |
|
5 -
8
yrs
exp.
.
Mumbai
(AmbitionBox Estimate)
|
₹30.6 L/yr - ₹39.1 L/yr | |
Latest annual salaries shared by Quantitative Research Analysts
2d ago
RSB Insights and Analytics
Quantitative Research Analyst
2 years exp.
3d ago
Axis Bank
Quantitative Research Analyst
1 year exp.
2w ago
JPMorgan Chase & Co.
Quantitative Research Analyst
2 years exp.
3w ago
WorldQuant
Quantitative Research Analyst
2 years exp.
3w ago
Alchemy Capital Management
Quantitative Research Analyst
5 months exp.
1mo ago
Quantum Asset Management
Quantitative Research Analyst
2 years exp.
1mo ago
Plutus Research
Quantitative Research Analyst
1 year exp.
1mo ago
ANAROCK Property Consultants
Quantitative Research Analyst
2 years exp.
1mo ago
Jane Street
Quantitative Research Analyst
1 year exp.
2mo ago
Material+
Quantitative Research Analyst
1 year exp.
View all latest salaries
Quantitative Research Analyst salaries by
| Years of experience | Avg. annual salary |
|---|---|
Fresher
(8
salaries)
|  ₹6.3 L/yr - ₹35 L/yr |
1
year
(9
salaries)
| ₹15 L/yr - ₹32 L/yr |
Login to view exact salary
| |
2
years
(10
salaries)
| ₹7 L/yr - ₹36 L/yr |
3
years
(8
salaries)
| ₹7 L/yr - ₹27.5 L/yr |
4
years
(2
salaries)
| ₹9 L/yr - ₹15 L/yr |
View all salaries by experience
Similar Designation Salary
| Similar Designation | Avg. annual salary |
|---|---|
Associate Analyst Salary
0 -
4
years
exp.
(1.3k salaries)
| ₹2 L/yr - ₹8.1 L/yr |
Business Analyst Salary
1 -
9
years
exp.
(12.3k salaries)
| ₹3 L/yr - ₹16.4 L/yr |
Login to view exact salary
| |
Senior Data Analyst Salary
2 -
9
years
exp.
(1.2k salaries)
| ₹3.2 L/yr - ₹19 L/yr |
Data Analyst Salary
0 -
6
years
exp.
(8.3k salaries)
| ₹1.8 L/yr - ₹11.3 L/yr |
Programmer Analyst Salary
1 -
5
years
exp.
(274 salaries)
| ₹2.5 L/yr - ₹10.2 L/yr |
View more similar designations
Salary related reviews by similar designations like Quantitative Research Analyst
JPMorgan Chase & Co.
Associate Software Engineer in London
• posted on 29 Jan 2025
Likes
Generally salary and work life balance is good.
- Salary - Excellent
+2 more
Dislikes
Promotion, job security these are dependent on manager to manager and your skills how good you're with your manager
- Skill development - Poor
+3 more
JPMorgan 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 more- Salary - Excellent
+4 more
Dislikes
working culture is pretty hard, have to work for almost more than 10 hours.
JPMorgan Chase & Co.
Associate Software Engineer in Bangalore / Bengaluru
• posted on 25 Nov 2024
Likes
Tech stack is excellent. You get to work on all the latest trends in technology
- Skill development - Excellent
Dislikes
No work life balance No wfh flexibility Salary is okayish
- Company culture - Poor
+1 more
JPMorgan Chase & Co.
Analyst in Mumbai
• posted on 06 May 2024
Likes
Culture, compensation , work life balance, manager, holidays
- Salary - Excellent
+6 more
Dislikes
Promotions, politics, nepotism, favourite, mundane work
Quantitative Research Analyst Salary In Other Locations
| Locations | Avg. annual salary |
|---|---|
Bangalore / Bengaluru
Quantitative Research Analyst
0 -
5
years
exp.
| ₹3.5 L/yr - ₹35 L/yr |
New Delhi
Quantitative Research Analyst
0 -
5
years
exp.
| ₹4.5 L/yr - ₹12.7 L/yr |
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| |
Noida
Quantitative Research Analyst
0 -
3
years
exp.
| ₹4.3 L/yr - ₹21 L/yr |
Gurgaon / Gurugram
Quantitative Research Analyst
0 -
5
years
exp.
| ₹5 L/yr - ₹36 L/yr |
Kolkata
Quantitative Research Analyst
1 -
3
years
exp.
| ₹2.3 L/yr - ₹8.5 L/yr |
View More
Quantitative Research Analyst Salary By Industries
| Industries | Avg. annual salary |
|---|---|
Financial Services Quantitative Research Analyst
0 -
5
years
exp.
| ₹3.5 L/yr - ₹36 L/yr |
IT Services & Consulting Quantitative Research Analyst
0 -
4
years
exp.
| ₹3.5 L/yr - ₹20 L/yr |
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| |
Consulting Quantitative Research Analyst
0 -
4
years
exp.
| ₹3.5 L/yr - ₹33 L/yr |
Investment Banking / Venture Capital / Private Equity Quantitative Research Analyst
0 -
5
years
exp.
| ₹18 L/yr - ₹1.1 Cr/yr |
Software Product Quantitative Research Analyst
0 -
5
years
exp.
| ₹3.5 L/yr - ₹36 L/yr |
View More
Frequently Asked Questions (FAQS) about Quantitative Research Analyst Salaries
What is the salary of a Quantitative Research Analyst in India?
The salary of a Quantitative Research Analyst in India varies based on experience, location, company & Industry.
On average, Quantitative Research Analyst salaries ranges from ₹6.3 Lakhs to ₹36.0 Lakhs per year. Top companies and specialized roles may offer higher compensation.
The average starting salary is around ₹6.3 Lakhs to ₹36.0 Lakhs per year, with the highest salary reaching ₹15.5 Lakhs to ₹38.0 Lakhs per year. Salary estimates are based on 41 salaries received from various Quantitative Research Analysts across industries.
The average starting salary is around ₹6.3 Lakhs to ₹36.0 Lakhs per year, with the highest salary reaching ₹15.5 Lakhs to ₹38.0 Lakhs per year. Salary estimates are based on 41 salaries received from various Quantitative Research Analysts across industries.
What are the top paying cities for Quantitative Research Analyst in India?
The annual salary for Quantitative Research Analyst in India varies by location. Top paying cities for Quantitative Research Analyst are
Salary expectations for Quantitative Research Analyst may vary based on job roles, experience, and specific employer requirements.
| Quantitative Research Analyst Salary in Bangalore / Bengaluru | ₹3.5 Lakhs to ₹35.0 Lakhs per year |
| Quantitative Research Analyst Salary in New Delhi | ₹4.5 Lakhs to ₹12.7 Lakhs per year |
| Quantitative Research Analyst Salary in Noida | ₹4.3 Lakhs to ₹21.0 Lakhs per year |
| Quantitative Research Analyst Salary in Gurgaon / Gurugram | ₹5.0 Lakhs to ₹36.0 Lakhs per year |
| Quantitative Research Analyst Salary in Kolkata | ₹2.3 Lakhs to ₹8.5 Lakhs per year |
What are the top paying industries for Quantitative Research Analyst in India?
Top 5 paying Industries for Quantitative Research Analyst in India are:
| Quantitative Research Analyst Salary in Financial Services | ₹3.5 Lakhs to ₹36.0 Lakhs per year |
| Quantitative Research Analyst Salary in IT Services & Consulting | ₹3.5 Lakhs to ₹20.0 Lakhs per year |
| Quantitative Research Analyst Salary in Consulting | ₹3.5 Lakhs to ₹33.0 Lakhs per year |
| Quantitative Research Analyst Salary in Investment Banking / Venture Capital / Private Equity | ₹18.0 Lakhs to ₹110.0 Lakhs per year |
| Quantitative Research Analyst Salary in Software Product | ₹3.5 Lakhs to ₹36.0 Lakhs per year |
What are the fresher salaries as Quantitative Research Analyst?
Fresher salaries for Quantitative Research Analyst in India typically range from ₹6.3 Lakhs to ₹35 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 Research Analyst in India?
Experience significantly impacts a Quantitative Research Analyst salary in India. Salaries increase with experience, as Quantitative Research Analyst take on more complex tasks, responsibilities, and leadership roles.
Quantitative Research Analyst salary at different experience level are as follows:
and so on.
| Experience | Average Salary Range |
|---|---|
| Fresher | ₹6.3 Lakhs to ₹35.0 Lakhs per year |
| 1 year | ₹15.0 Lakhs to ₹32.0 Lakhs per year |
| 2 years | ₹7.0 Lakhs to ₹36.0 Lakhs per year |
| 3 years | ₹7.0 Lakhs to ₹27.5 Lakhs per year |
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