Data current as of August 2026 · sources: U.S. Bureau of Labor Statistics and O*NET
Average base salary, Indiana
$96,500 / year
≈ $8,050 per month · $46.39 per hour
BLS May 2025 state data for Indiana · median $95,500
25th percentile
$75,000Average
$96,50075th percentile
$117,500
$75,000Average
$96,50075th percentile
$117,500
Source: U.S. Bureau of Labor Statistics, OEWS May 2025 (occupation group), with detailed role definition from O*NET, aged to 2026 using compounded market movement. State selections show BLS state-level figures where published. Actual pay varies with experience, industry, and organization size.
Financial Quantitative Analyst salary by state
Alabama$93,500
Alaska$87,500
Arizona$95,500
Arkansas$72,000
California$101,500
Colorado$99,500
Delaware$97,000
District of Columbia$135,500
Florida$77,500
Georgia$85,000
Hawaii$88,500
Idaho$87,000
Illinois$94,500
Indiana$96,500
Iowa$87,000
Kansas$62,500
Kentucky$77,500
Louisiana$67,500
Maine$119,500
Maryland$107,500
Massachusetts$106,500
Michigan$87,000
Minnesota$97,000
Mississippi$80,000
Missouri$83,500
Montana$83,500
Nebraska$74,000
Nevada$79,500
New Hampshire$94,000
New Jersey$107,000
New Mexico$87,000
New York$146,500
North Carolina$92,500
North Dakota$84,500
Ohio$96,500
Oklahoma$87,500
Oregon$96,500
Pennsylvania$90,000
Rhode Island$88,500
South Carolina$83,500
South Dakota$88,500
Tennessee$81,000
Texas$80,500
Utah$90,000
Vermont$92,000
Virginia$102,000
Washington$92,000
West Virginia$89,500
Wisconsin$72,000
Wyoming$79,500
About this role
Financial Quantitative Analyst is a professional role within the function in the Business and Financial Operations job family.
Pay for this title reflects both its level and its scope; see our Title Level and Organization Responsibility guides for how WePayFairly defines them.
What Financial Quantitative Analysts do
Typical education: Bachelor's Degree
- Apply mathematical or statistical techniques to address practical issues in finance, such as derivative valuation, securities trading, risk management, or financial market regulation.
- Research or develop analytical tools to address issues such as portfolio construction or optimization, performance measurement, attribution, profit and loss measurement, or pricing models.
- Interpret results of financial analysis procedures.
- Develop core analytical capabilities or model libraries, using advanced statistical, quantitative, or econometric techniques.
- Define or recommend model specifications or data collection methods.
Top skills: Mathematics Critical Thinking Reading Comprehension Complex Problem Solving Speaking Judgment and Decision Making
Includes information from O*NET OnLine by the U.S. Department of Labor, Employment and Training Administration (CC BY 4.0).
Financial Quantitative Analyst pay by experience level
Entry level$50,000
Typical starting pay (about the 10th percentile)
Early career$63,500
A few years in (about the 25th percentile)
Experienced$84,000
Mid-career median pay
Senior$114,500
Seasoned professionals (about the 75th percentile)
Top earners$157,000
Highest earners (about the 90th percentile)
Experience tiers are derived from the BLS wage percentile distribution for this occupation, aged to 2026. Actual pay varies by employer, location, and specialization.
Job outlook
+3.1%
projected change in jobs, 2024–2034
10,300
projected openings per year
Growing about as fast as average
Source: U.S. Bureau of Labor Statistics, Employment Projections program (2024–2034). Openings include growth and replacement needs.
Financial Quantitative Analyst salary by industry
Federal, State, and Local Government, excluding State and Local Schools and Hospitals and USPS
33,620 workers
$103,000Federal Executive Branch (OEWS Designation)
27,370 workers
$108,500Credit Intermediation and Related Activities
25,210 workers
$83,500Credit Intermediation and Related Activities (5221 and 5223 only)
21,040 workers
$82,000Securities, Commodity Contracts, and Other Financial Investments and Related Activities
14,410 workers
$135,000Professional, Scientific, and Technical Services
9,770 workers
$109,000Management of Companies and Enterprises
9,310 workers
$103,000Management of Companies and Enterprises
9,310 workers
$103,000Educational Services
6,800 workers
$73,500Colleges, Universities, and Professional Schools
4,610 workers
$76,000National sector-level figures, BLS OEWS May 2025, aged to 2026.
How this role compares
Financial Quantitative Analyst pays 3% above the average across 47 roles in the Business and Financial Operations job family (family average $94,500).
Similar-paying roles in Business and Financial Operations
Business Continuity Planner$97,500
Accountants and Auditors$98,000
Budget Analyst$100,000
Logistician$93,000
Labor Relations Specialist$102,000
Compliance Officer$91,500
Loan Officer$91,000
Credit Analyst$104,500
Careers related to Financial Quantitative Analyst
Data Scientist$131,000
Financial Risk Specialist$129,000
Operations Research Analyst$103,000
Statistical Assistant$57,500
Statistician$119,500
Related occupations from O*NET OnLine, U.S. Department of Labor.
Frequently asked questions
How much does a Financial Quantitative Analyst make?
The average base salary for a Financial Quantitative Analyst in the United States is $97,000 per year, or about $46.63 per hour.
What is the typical salary range?
Pay typically falls between $63,500 and $114,500 per year (25th to 75th percentile) depending on experience, location, industry, and organization size.
How does this compare with other Business and Financial Operations roles?
The Business and Financial Operations job family averages $94,500 across 47 roles tracked by WePayFairly.
Need a defensible market price for this role?
WePayFairly data is compiled from published survey sources and maintained by compensation professionals.
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