FirstRand Bank Quantitative Risk Analyst Salaries by 10+ Employees (Updated 2025)

5 - 11 years exp.

₹15.5 Lakhs - ₹48 Lakhs

Salary of majority employees

37% more than the average Quantitative Risk Analyst Salary in Banking Companies for 5 - 11 years of experience

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Last Updated: 22 Mar 2025

Companies similar to FirstRand Bank for Quantitative Risk Analyst

Company name	Avg Annual Salary	Open Jobs
UBS Quantitative Risk Analyst Salary 0 - 5 years exp. (15 salaries)	₹7.8 L/yr - ₹26 L/yr 45% less
JPMorgan Chase & Co. Quantitative Risk Analyst Salary 1 - 4 years exp. (6 salaries)	₹19 L/yr - ₹45 L/yr 4% more
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Swiss Re Quantitative Risk Analyst Salary 0 - 6 years exp. (4 salaries)	₹24 L/yr - ₹31 L/yr 24% less
Evalueserve Quantitative Risk Analyst Salary 1 - 3 years exp. (4 salaries)	₹7 L/yr - ₹10.5 L/yr 74% less

Quantitative Risk Analyst salary at FirstRand Bank ranges between ₹15.5 Lakhs to ₹48 Lakhs per year for employees with experience between 5 years to 11 years. Salary estimates are based on 12 latest salaries received from various employees of FirstRand Bank.

Experience wise FirstRand Bank Quantitative Risk Analyst salaries

Last Updated: 22 Mar 2025

Experience	Avg Annual Salary
5 years (AmbitionBox Estimate)	₹15.5 L/yr - ₹44.5 L/yr
6 years (4 salaries)	₹16.5 L/yr - ₹35 L/yr
Login to view exact salary
7 years (AmbitionBox Estimate)	₹28 L/yr - ₹35 L/yr
8 years (4 salaries)	₹24 L/yr - ₹48 L/yr
9 years (AmbitionBox Estimate)	₹33.5 L/yr - ₹42.8 L/yr
10 years (AmbitionBox Estimate)	₹36.3 L/yr - ₹46.3 L/yr
11 years (AmbitionBox Estimate)	₹17.4 L/yr - ₹47 L/yr

View all

Similar Designation salaries in FirstRand Bank

Business Analyst Salary

(AmbitionBox Estimate)

₹9 L/yr - ₹11.5 L/yr

Associate Analyst Salary

(AmbitionBox Estimate)

₹2 L/yr - ₹2.5 L/yr

Financial Analyst Salary

(3 salaries)

₹4.8 L/yr - ₹11 L/yr

Credit Analyst Salary

(19 salaries)

₹8.75 L/yr - ₹34.95 L/yr

Senior Analyst Salary

(AmbitionBox Estimate)

₹11.7 L/yr - ₹15 L/yr

Analyst Salary

(4 salaries)

₹6.5 L/yr - ₹12 L/yr

Associate Consultant Salary

(AmbitionBox Estimate)

₹12.8 L/yr - ₹16.3 L/yr

Management Trainee Salary

(AmbitionBox Estimate)

₹3.1 L/yr - ₹3.9 L/yr

Credit Manager Salary

(AmbitionBox Estimate)

₹66.5 L/yr - ₹73.5 L/yr

Assistant Vice President Salary

(AmbitionBox Estimate)

₹28.8 L/yr - ₹36.8 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

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Salary Discussions, Hike & Promotions

a manager - business analyst

Shifting from Bangalore to Hyderabad

I’m working in Bangalore for last 9 years. Currently I got 2 offers. 1. CTS - Bangalore (CTC - 22.7 LPA) 2. Deloitte - Hyderabad (CTC - 24.2 LPA) Is it good move to shift to Hyderabad for Deloitte ? Is it ok to ask the HR if my base location can be changed to Bangalore ? Please share your thoughts

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FirstRand Bank Quantitative Risk Analyst Salary FAQs

What is the salary of Quantitative Risk Analyst at FirstRand Bank ?

The average salary of a Quantitative Risk Analyst at FirstRand Bank in India typically ranges from ₹15.5 Lakhs to ₹48.0 Lakhs per year, depending on experience (from 5 years to 11 years).

The top 10% of Quantitative Risk Analyst at FirstRand Bank earn more than ₹48.0 Lakhs per year, and the top 1% earn over ₹48.0 Lakhs per year. Quantitative Risk 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 10+ FirstRand Bank employees in India.

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

The estimated take-home salary of a Quantitative Risk Analyst at FirstRand Bank in India typically ranges from ₹2,06,808 to ₹2,15,022 per month. This is based on the average salary range of ₹15.5 Lakhs to ₹48.0 Lakhs per year for employees with experience ranging from 5 years to 11 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 10+ 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 Risk Analyst in India?

JPMorgan Chase & Co.

₹19.0 Lakhs to ₹45.0 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 Risk Analyst in companies similar to FirstRand Bank in India?

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

Swiss Re	₹24.0 Lakhs to ₹31.0 Lakhs per year
UBS	₹7.8 Lakhs to ₹26.0 Lakhs per year
Evalueserve	₹7.0 Lakhs to ₹10.5 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 Risk Analyst at FirstRand Bank in India?

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

Experience	Average Salary Range
5 years	₹15.5 Lakhs to ₹44.5 Lakhs per year
6 years	₹16.5 Lakhs to ₹35.0 Lakhs per year
7 years	₹28.0 Lakhs to ₹35.0 Lakhs per year
8 years	₹24.0 Lakhs to ₹48.0 Lakhs per year

and so on.

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FirstRand Bank Quantitative Risk Analyst Salaries

FirstRand Bank Quantitative Risk Analyst salary in India ranges between ₹15.5 Lakhs to ₹48 Lakhs with an average annual salary of ₹. Salary estimates are based on 12 FirstRand Bank latest salaries received from various employees of FirstRand Bank.