Rand Merchant Bank Mumbai Quant Analyst Salaries by 4 Employees (Updated 2025)

6 - 9 years exp.

₹26.5 Lakhs - ₹32 Lakhs

Salary of majority employees

60% more than the average Quant Analyst Salary in Financial Services Companies for 6 - 9 years of experience

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Last Updated: 15 Mar 2023

Companies similar to Rand Merchant Bank for Quant Analyst in Mumbai

Rand Merchant Bank Quant Analyst Salary

6 - 9 years exp. (4 salaries)

₹26.5 L/yr - ₹32 L/yr

Company name	Avg Annual Salary	Open Jobs
Dolat Capital Market Quant Analyst Salary 0 - 2 years exp. (5 salaries)	₹12 L/yr - ₹25 L/yr 42% less
UBS Quant Analyst Salary 2 - 4 years exp. (5 salaries)	₹16 L/yr - ₹25 L/yr 38% less
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JPMorgan Chase & Co. Quant Analyst Salary 5 - 9 years exp. (5 salaries)	₹10 L/yr - ₹25 L/yr 43% less
Edelweiss Quant Analyst Salary 2 - 4 years exp. (4 salaries)	₹7.5 L/yr - ₹21 L/yr 59% less
Quantinsti Quantitative Learning Quant Analyst Salary 2 - 11 years exp. (3 salaries)	₹2 L/yr - ₹8.4 L/yr 79% less

Quant Analyst salary at Rand Merchant Bank ranges between ₹26.5 Lakhs to ₹32 Lakhs per year for employees with experience between 6 years to 9 years. Salary estimates are based on 4 latest salaries received from various employees of Rand Merchant Bank.

Experience wise Rand Merchant Bank Quant Analyst salaries in Mumbai

Last Updated: 15 Mar 2023

Experience	Avg Annual Salary
6 years (AmbitionBox Estimate)	₹23.9 L/yr - ₹30.5 L/yr
7 years (AmbitionBox Estimate)	₹25.2 L/yr - ₹32.2 L/yr
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8 years (AmbitionBox Estimate)	₹28.8 L/yr - ₹36.8 L/yr
9 years (AmbitionBox Estimate)	₹28.8 L/yr - ₹36.8 L/yr

Salary related reviews for Rand Merchant Bank

Quant Analyst in Navi Mumbai

BFSI, Investments & Trading Department

5.0

• posted on 18 Apr 2022

4.0

for Salary and Benefits

Likes

Lot of learning opportunities, freedom to get work done in your own way, more than sufficient internal mobility, direct interaction with the management

Salary - Good

+6 more

Dislikes

Lack of exposure to developed markets like New York, Singapore, Tokyo; limited scope of products, though it's improving

see more salary related reviews

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Salary Discussions, Hike & Promotions

Salary Negotiation in an interview

Hi, I have had a first round of interview with the company. And mentioned my salary expectations as 15- 20% from my previous LPA. But after that I feel like I have undervalued my expectations. Being in the field for 9 years with the required skill, considering the market and the prospect company is a well known builder, i should have asked more. Anyway a face to face interview is scheduled next week. How to ask them a higher salary from what I have mentioned earlier. And how much I can ask more. Please help. Thanks in advance.

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Rand Merchant Bank Quant Analyst Salary FAQs

What is the salary of Quant Analyst at Rand Merchant Bank Mumbai?

Quant Analyst salary at Rand Merchant Bank in Mumbai ranges between ₹26.5 Lakhs to ₹32.0 Lakhs for experience between 6 years to 9 years. According to our estimates it is 60% more than the average Quant Analyst Salary in India. Salary estimates are based on 4 latest salaries received from various employees of Rand Merchant Bank Mumbai.

How does the salary of a Quant Analyst at Rand Merchant Bank Mumbai compare with the average salary range for this job?

The average salary of a Quant Analyst at Rand Merchant Bank is 60% more than the average salary of a Quant Analyst in Mumbai. To know exact salary insights, login to view.

What is the salary of a Quant Analyst in companies similar to Rand Merchant Bank in Mumbai?

UBS Quant Analyst Salary - ₹16.0 Lakhs to ₹25.0 Lakhs per year
Dolat Capital Market Quant Analyst Salary - ₹12.0 Lakhs to ₹25.0 Lakhs per year
JPMorgan Chase & Co. Quant Analyst Salary - ₹10.0 Lakhs to ₹25.0 Lakhs per year
Edelweiss Quant Analyst Salary - ₹7.5 Lakhs to ₹21.0 Lakhs per year
Quantinsti Quantitative Learning Quant Analyst Salary - ₹2.0 Lakhs to ₹8.4 Lakhs per year

What is the estimated take home salary of a Quant Analyst at Rand Merchant Bank in Mumbai?

The estimated take-home salary of a Quant Analyst at Rand Merchant Bank ranges between ₹1,83,069 per month to ₹1,90,210 per month in Mumbai. The take-home salary calculation is based on the average Rand Merchant Bank Quant Analyst salary in India which ranges between ₹26.5 Lakhs to ₹32.0 Lakhs per year for employees with experience between 6 years to 9 years. Check how did we calculate take home salary?

What is the notice period for Quant Analyst at Rand Merchant Bank in Mumbai?

According to AmbitionBox, 100% of the Rand Merchant Bank Quant Analysts in Mumbai reported a notice period of 2 Months.This is based on 1 response on AmbitionBox in last 2 years.

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Rand Merchant Bank Quant Analyst Salaries in Mumbai

Rand Merchant Bank Quant Analyst salary in Mumbai ranges between ₹26.5 Lakhs to ₹32 Lakhs with an average annual salary of ₹. Salary estimates are based on 4 Rand Merchant Bank latest salaries received from various employees of Rand Merchant Bank.