Quantitative Analyst salary in Estonia

Average Yearly Salary of Quantitative Analyst in Estonia is approximately 47,204 EUR (47,251 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.

What does Quantitative Analyst do?

A quantitative analyst is a professional who applies mathematical and statistical techniques to solve complex financial problems. They work in various industries, including finance, banking, insurance, and investment firms. Their primary role is to develop and implement mathematical models and algorithms to analyze and predict market trends, evaluate investment opportunities, and manage risk. Quantitative analysts use their expertise in mathematics, statistics, and computer programming to collect and analyze large sets of data. They develop and test mathematical models to assess the performance of financial instruments, create trading strategies, and optimize investment portfolios. They also provide recommendations and insights to traders, portfolio managers, and senior management based on their quantitative analysis.

Skills: Quantitative analyst, Mathematical modeling, Statistical analysis, Risk management, Financial forecasting, Investment strategy
Job industry: Finance

How much does Quantitative Analyst make?

Difference in salary year over year or average salary increase is approximately 4 %


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Salary comparison to National average

Is Quantitative Analyst a well paid job?

Yes, our data shows that Quantitative Analyst is a well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Quantitative Analyst?

High salary for Quantitative Analyst would be somewhere between 51,924 EUR and 68,446 EUR. However this is an estimation based on Gaussian Distribution.

How much can you save working as Quantitative Analyst in Estonia?

Living in Estonia the approximate monthly expenses are: 1,106 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.

Estimated Yearly Salary: 47,204 EUR
Estimated Monthly Salary: 3,934 EUR
Estimated Weekly Salary: 908 EUR per week
Estimated Hourly Salary: 23 EUR per hour
By working as Quantitative Analyst a person can save up to 2,832 USD per month or 33,984 USD yearly. Values are pre-tax.

NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.

For more information regarding expenses in Estonia, see costs of living in Estonia.

Salary comparison to region and neighbouring coutries

Country's neighbours are: Russia, Latvia, Finland..
To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).

Estimated Yearly Salary for Quantitative Analyst

Last revision of data: 2025-01-04

Salary increase per years of experience

Based on data available the salary increase per years of experience is as following

0 years (beginner) equals base salary

1 to 5 years of experience yields +12% salary increase

6 to 10 years of experience yields +25% salary increase

11 to 15 years of experience yields +16% salary increase

16 to 25 years of experience yields +9% salary increase

more than 25 years of experience yields +10% salary increase

NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

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Data as of 2025

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