Home > Salary > Estonia > Quantitative Associate
A quantitative associate is an individual who works in the field of quantitative finance or data analysis. They are responsible for developing and implementing mathematical models and statistical techniques to analyze financial data and make informed investment decisions. This occupation requires a strong background in mathematics, statistics, and programming, as well as knowledge of financial markets and instruments.
Quantitative associates are typically employed by investment banks, hedge funds, asset management firms, or financial consulting companies. They work closely with portfolio managers, traders, and risk managers to provide quantitative insights and support decision-making processes. Their tasks may include designing and back-testing trading strategies, developing risk models, conducting market research, and building financial forecasting models.
Estimated Yearly Salary: 62,770 EUR
Estimated Monthly Salary: 5,231 EUR
Estimated Weekly Salary: 1,207 EUR per week
Estimated Hourly Salary: 30 EUR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 5,046 EUR
Estimated Weekly Salary: 1,165 EUR per week
Estimated Hourly Salary: 29 EUR per hour
Last revision of data: 2024-01-05
Estimated Yearly Salary: 62,651 USD
Estimated Monthly Salary: 5,221 USD
Estimated Weekly Salary: 1,205 USD per week
Estimated Hourly Salary: 30 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %
Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Estimated Yearly Salary: 62,770 EUR
Estimated Monthly Salary: 5,231 EUR
Estimated Weekly Salary: 1,207 EUR per week
Estimated Hourly Salary: 30 EUR per hour
By working as Quantitative Associate a person can save up to 4,115 USD per month or 49,384 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.
Estimated Yearly Salary for Quantitative Associate
Last revision of data: 2025-01-04
Data as of 2025
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Quantitative Associate salary in Estonia
Average Yearly Salary of Quantitative Associate in Estonia is approximately 62,770 EUR (62,651 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 Associate do?
A quantitative associate is an individual who works in the field of quantitative finance or data analysis. They are responsible for developing and implementing mathematical models and statistical techniques to analyze financial data and make informed investment decisions. This occupation requires a strong background in mathematics, statistics, and programming, as well as knowledge of financial markets and instruments.
Quantitative associates are typically employed by investment banks, hedge funds, asset management firms, or financial consulting companies. They work closely with portfolio managers, traders, and risk managers to provide quantitative insights and support decision-making processes. Their tasks may include designing and back-testing trading strategies, developing risk models, conducting market research, and building financial forecasting models.
Skills: quantitative finance, data analysis, mathematical modeling, statistical techniques, financial markets, investment decisions.
Job industry: Finance
Job industry: Finance
How much does Quantitative Associate make?
Salary details
How much does Quantitative Associate make?Estimated Yearly Salary: 62,770 EUR
Estimated Monthly Salary: 5,231 EUR
Estimated Weekly Salary: 1,207 EUR per week
Estimated Hourly Salary: 30 EUR per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 60,556 EUREstimated Monthly Salary: 5,046 EUR
Estimated Weekly Salary: 1,165 EUR per week
Estimated Hourly Salary: 29 EUR per hour
Last revision of data: 2024-01-05Quantitative Associate estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 62,651 USD
Estimated Monthly Salary: 5,221 USD
Estimated Weekly Salary: 1,205 USD per week
Estimated Hourly Salary: 30 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %About these results
Data confidence is - relatively high Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Compare salary to other countries
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Salary comparison to National average
Estonia, located in Northern Europe, is a small country with a population of approximately 1.3 million people. It covers an area of around 45,000 square kilometers, making it one of the smallest countries in the European Union. Despite its size, Estonia has made significant advancements in technology and digital innovation, earning it the nickname "e-Estonia."
Estimated national average yearly salary is 25,152 EUR (27,640 USD). Value indicated is pre-tax. Below graph shows estimated Quantitative Associate job salary compared to average salary in Estonia.
Comparison shows that a person working as Quantitative Associate in Estonia earns on average:
2.5 times the average salary (or 250% of average salary).
Estimated national average yearly salary is 25,152 EUR (27,640 USD). Value indicated is pre-tax. Below graph shows estimated Quantitative Associate job salary compared to average salary in Estonia.
Comparison shows that a person working as Quantitative Associate in Estonia earns on average:
2.5 times the average salary (or 250% of average salary).
Is Quantitative Associate a well paid job?
Yes, our data show that Quantitative Associate is a very 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 Associate?
High salary for Quantitative Associate would be somewhere between 69,047 EUR and 91,017 EUR. However this is an estimation based on Gaussian Distribution.How much can you save working as Quantitative Associate 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: 62,770 EUR
Estimated Monthly Salary: 5,231 EUR
Estimated Weekly Salary: 1,207 EUR per week
Estimated Hourly Salary: 30 EUR per hour
By working as Quantitative Associate a person can save up to 4,115 USD per month or 49,384 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 Associate
Russia is 29,077 USD
Latvia is 48,892 USD Last revision of data: 2025-01-04Salary 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 increaseTop 10 highest salaries in Estonia
(288,066 EUR per year, pre-tax.)
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(240,102 EUR per year, pre-tax.)
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(224,746 EUR per year, pre-tax.)
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8. Urologist
(218,750 EUR per year, pre-tax.)
(218,678 EUR per year, pre-tax.)
10. Dermatologist
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Data as of 2025Random salary:
Senior legislative assistant (23,336 EUR per year, pre-tax.)
Manager personnel generalist (21,335 EUR per year, pre-tax.)
Data control technician (18,679 EUR per year, pre-tax.)
Quality improvement coach (42,791 EUR per year, pre-tax.)
Sas programmer (31,559 EUR per year, pre-tax.)
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optisalary.com provides salary data solely for reference use. While we strive for correctness, we do not guarantee the precision of all figures. Users should double-check salary details with reliable organizations before making financial plans. Salary amounts may vary based on multiple factors, such as geographic location, experience, and job role. We accept no liability for misinterpretations in the pay estimates provided. By accessing this website, you acknowledge that salary data is not absolute.