FirstRand Bank Quantitative Analyst Salaries by 9 Employees

2 - 7 years exp.

₹12 Lakhs - ₹39 Lakhs

Avg. annual salary

Monthly In-hand Salary

35% more than the average Quantitative Analyst Salary in Banking Companies for 2 - 7 years of experience

Interested in this particular role?

Salaries in different departments

BFSI, Investments & Trading Quantitative Analyst Salary 5 - 7 years exp. (3 salaries)	₹23 L/yr - ₹30 L/yr
Login to view exact salary
Finance & Accounting Quantitative Analyst Salary 2 - 7 years exp. (3 salaries)	₹12 L/yr - ₹39 L/yr

Last Updated: 7 Nov 2024

Companies similar to FirstRand Bank for Quantitative Analyst

Company name	Avg Annual Salary	Open Jobs
Deutsche Bank Quantitative Analyst Salary 4 - 6 years exp. (3 salaries)	₹15.1 L/yr - ₹34 L/yr At par
UBS Quantitative Analyst Salary 0 - 4 years exp. (54 salaries)	₹10 L/yr - ₹30 L/yr 25% less
Login to view exact salary
Morningstar Quantitative Analyst Salary 1 - 5 years exp. (47 salaries)	₹9.3 L/yr - ₹27 L/yr 26% less	2 job openings
Crisil Quantitative Analyst Salary 0 - 4 years exp. (43 salaries)	₹8 L/yr - ₹15 L/yr 58% less
JPMorgan Chase & Co. Quantitative Analyst Salary 1 - 5 years exp. (43 salaries)	₹10.5 L/yr - ₹42 L/yr At par

Quantitative Analyst salary at FirstRand Bank ranges between ₹12 Lakhs to ₹39 Lakhs per year for employees with experience between 2 years to 7 years. Salary estimates are based on 9 latest salaries received from various employees of FirstRand Bank.

Experience wise FirstRand Bank Quantitative Analyst salaries

Last Updated: 7 Nov 2024

Experience	Avg Annual Salary
2 years (AmbitionBox Estimate)	₹12 L/yr - ₹34.3 L/yr
3 years (AmbitionBox Estimate)	₹19.4 L/yr - ₹24.7 L/yr
Login to view exact salary
4 years (AmbitionBox Estimate)	₹23 L/yr - ₹26 L/yr
5 years (AmbitionBox Estimate)	₹23 L/yr - ₹30 L/yr
6 years (AmbitionBox Estimate)	₹26 L/yr - ₹52.1 L/yr
7 years (AmbitionBox Estimate)	₹30 L/yr - ₹39 L/yr

View all

Similar Designation salaries in FirstRand Bank

Associate Analyst Salary

(AmbitionBox Estimate)

₹2 L/yr - ₹2.5 L/yr

Data Analyst Salary

(AmbitionBox Estimate)

₹10.9 L/yr - ₹13.9 L/yr

Business Analyst Salary

(AmbitionBox Estimate)

₹9 L/yr - ₹11.5 L/yr

Senior Analyst Salary

(AmbitionBox Estimate)

₹11.7 L/yr - ₹15 L/yr

Senior Data Analyst Salary

(AmbitionBox Estimate)

₹17.6 L/yr - ₹22.4 L/yr

Analyst Salary

(4 salaries)

₹6.5 L/yr - ₹12 L/yr

Data Scientist Salary

(AmbitionBox Estimate)

₹23.4 L/yr - ₹29.9 L/yr

Associate Consultant Salary

(AmbitionBox Estimate)

₹12.8 L/yr - ₹16.3 L/yr

Data Engineer Salary

(8 salaries)

₹12 L/yr - ₹33.3 L/yr

Software Engineer Salary

(5 salaries)

₹25 L/yr - ₹36.5 L/yr

Salary related reviews for FirstRand Bank

4.0

Rated by 1 employees for salary & benefits

Technical Lead in Mumbai

Engineering - Software & QA Department

5.0

• posted on 04 Aug 2022

5.0

for Salary and Benefits

Likes

...work on some cutting edge technologies where my product was built from scratch . Really love the management , the monetary benefits including the CTC and bonus is very satisfactory . First Rand has the policy to take every employee out for a fully paid foreign trip

Salary - Excellent

+6 more

Dislikes

Nothing to dislike about this company

Business And Production Support Analyst in Ghansoli Mumbai

BFSI, Investments & Trading Department

4.0

• posted on 09 May 2021

5.0

for Salary and Benefits

Likes

...s on business / markets and technology. Your efforts will always be appreciated. Good appraisals and bonus on yearly basis.

Salary - Excellent

+6 more

Dislikes

Nothing major. Its just your role is very specific and limited on what you work.

CRM Executive

BFSI, Investments & Trading Department

3.0

• posted on 21 Feb 2018

2.0

for Salary and Benefits

Likes

Training is grate but their work time not fix and salary credited to proper date and gvn to compensation to all exicative proper time but workenvironment not proper comfirtable in completed during work

Skill development - Good

Dislikes

Salary - Poor
Job security - Poor

+4 more

see more salary related reviews

Discover interview dos and don'ts from real experiences

Top trending discussions

View All

Salary Discussions, Hike & Promotions

My current CTC is ₹7,80,660, which includes a ₹1,32,000 night shift allowance, and my monthly take-home pay is ₹72,133. I have received a new job offer with a CTC of ₹10,67,231, a monthly take-home pay of ₹83,333, and 192 restricted stock units (each valued at $60, vesting 25% after one year and quarterly thereafter). This new position is closer to my home and does not involve night shifts. The offer letter is attached. I have also requested a ₹95,000 monthly salary increase and am awaiting their response. Could someone advise me on whether I should accept the new offer or remain in my current role?

Got a question about FirstRand Bank?

Ask anonymously on communities.

FirstRand Bank Quantitative Analyst Salary FAQs

What is the salary of Quantitative Analyst at FirstRand Bank ?

The average salary of a Quantitative Analyst at FirstRand Bank in India typically ranges from ₹12.0 Lakhs to ₹39.0 Lakhs per year, depending on experience (from 2 years to 7 years).

The top 10% of Quantitative Analyst at FirstRand Bank earn more than ₹35.4 Lakhs per year, and the top 1% earn over ₹39.0 Lakhs per year. Quantitative Analyst Salaries at FirstRand Bank can be higher or lower depending on factors such as the specific team, level of experience, and additional benefits like bonuses and stock options.

These estimates are based on salary data submitted by 9 FirstRand Bank employees in India.

What is the estimated take home salary of a Quantitative Analyst at FirstRand Bank in India?

The estimated take-home salary of a Quantitative Analyst at FirstRand Bank in India typically ranges from ₹1,59,616 to ₹1,65,697 per month. This is based on the average salary range of ₹12.0 Lakhs to ₹39.0 Lakhs per year for employees with experience ranging from 2 years to 7 years.The take-home salary is calculated after accounting for standard deductions such as taxes, provident fund (PF), and insurance. Salary estimates are based on 9 salaries received from various employees of FirstRand Bank. Check how we calculate in-hand salary with our in-hand salary calculator.

Which companies offer higher salaries than FirstRand Bank for Quantitative Analyst in India?

Deutsche Bank	₹15.1 Lakhs to ₹34.0 Lakhs per year
JPMorgan Chase & Co.	₹10.5 Lakhs to ₹42.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by FirstRand Bank, depending on the role and experience level.

What is the salary of a Quantitative Analyst in companies similar to FirstRand Bank in India?

The salary of a Quantitative Analyst at companies similar to FirstRand Bank in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

UBS	₹10.0 Lakhs to ₹30.0 Lakhs per year
Morningstar	₹9.3 Lakhs to ₹27.0 Lakhs per year
Crisil	₹8.0 Lakhs to ₹15.0 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.

How the salary growth look like for a Quantitative Analyst at FirstRand Bank in India?

The salary growth for a Quantitative Analyst at FirstRand Bank depends on factors such as experience, performance, and promotions. On average, a Quantitative Analyst can expect the following growth trajectory at FirstRand Bank:

Experience	Average Salary Range
2 years	₹12.0 Lakhs to ₹34.3 Lakhs per year
3 years	₹19.4 Lakhs to ₹24.7 Lakhs per year
4 years	₹23.0 Lakhs to ₹26.0 Lakhs per year
5 years	₹23.0 Lakhs to ₹30.0 Lakhs per year

and so on.

Tell us how to improve this page.

Home >
Salaries >
FirstRand Bank Salaries >
FirstRand Bank Quantitative Analyst Salaries

FirstRand Bank Quantitative Analyst salary in India ranges between ₹12 Lakhs to ₹39 Lakhs with an average annual salary of ₹. Salary estimates are based on 9 FirstRand Bank latest salaries received from various employees of FirstRand Bank.