Home > Salary > Ethiopia > Financial Quantitative Analyst
A financial quantitative analyst is a professional who applies mathematical and statistical methods to financial data in order to develop models, strategies, and recommendations for investment decisions. They analyze market trends, historical data, and economic indicators to identify patterns and predict future outcomes. Using their expertise in quantitative techniques, they build complex financial models that help evaluate risks and returns, optimize portfolios, and develop trading strategies. They also perform risk assessment and stress testing to ensure the stability and profitability of investment portfolios. Financial quantitative analysts work in various financial institutions such as banks, hedge funds, asset management firms, and insurance companies.
Estimated Yearly Salary: 219,080 ETB
Estimated Monthly Salary: 18,257 ETB
Estimated Weekly Salary: 4,213 ETB per week
Estimated Hourly Salary: 105 ETB per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 17,685 ETB
Estimated Weekly Salary: 4,081 ETB per week
Estimated Hourly Salary: 102 ETB per hour
Last revision of data: 2024-01-03
Estimated Yearly Salary: 3,661 USD
Estimated Monthly Salary: 305 USD
Estimated Weekly Salary: 70 USD per week
Estimated Hourly Salary: 2 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %
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: 219,080 ETB
Estimated Monthly Salary: 18,257 ETB
Estimated Weekly Salary: 4,213 ETB per week
Estimated Hourly Salary: 105 ETB per hour
By working as Financial Quantitative Analyst a person can save up to 228 USD per month or 2,739 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 Ethiopia, see costs of living in Ethiopia.
Estimated Yearly Salary for Financial Quantitative Analyst
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
Software engineer (203,089 ETB per year, pre-tax.)
Online communications associate (86,640 ETB per year, pre-tax.)
Production operator (57,621 ETB per year, pre-tax.)
Houseperson (40,916 ETB per year, pre-tax.)
Boilermaker (141,900 ETB per year, pre-tax.)
Financial Quantitative Analyst salary in Ethiopia
Average Yearly Salary of Financial Quantitative Analyst in Ethiopia is approximately 219,080 ETB (3,661 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 Financial Quantitative Analyst do?
A financial quantitative analyst is a professional who applies mathematical and statistical methods to financial data in order to develop models, strategies, and recommendations for investment decisions. They analyze market trends, historical data, and economic indicators to identify patterns and predict future outcomes. Using their expertise in quantitative techniques, they build complex financial models that help evaluate risks and returns, optimize portfolios, and develop trading strategies. They also perform risk assessment and stress testing to ensure the stability and profitability of investment portfolios. Financial quantitative analysts work in various financial institutions such as banks, hedge funds, asset management firms, and insurance companies.Skills: Financial analysis, Quantitative modeling, Risk assessment, Investment strategies, Portfolio optimization, Statistical analysis.
Job industry: Finance
Job industry: Finance
How much does Financial Quantitative Analyst make?
Salary details
How much does Financial Quantitative Analyst make?Estimated Yearly Salary: 219,080 ETB
Estimated Monthly Salary: 18,257 ETB
Estimated Weekly Salary: 4,213 ETB per week
Estimated Hourly Salary: 105 ETB per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 212,220 ETBEstimated Monthly Salary: 17,685 ETB
Estimated Weekly Salary: 4,081 ETB per week
Estimated Hourly Salary: 102 ETB per hour
Last revision of data: 2024-01-03Financial Quantitative Analyst estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 3,661 USD
Estimated Monthly Salary: 305 USD
Estimated Weekly Salary: 70 USD per week
Estimated Hourly Salary: 2 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %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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Country:
Salary comparison to National average
Ethiopia is a landlocked country located in the Horn of Africa. With a population of over 114 million people, it is the second-most populous country in Africa. Covering an area of approximately 1.1 million square kilometers, Ethiopia is the 27th largest country in the world. It shares borders with Eritrea to the north, Sudan to the west, South Sudan to the southwest, Kenya to the south, Somalia to the east, and Djibouti to the northeast.
Estimated national average yearly salary is 105,216 ETB (1,920 USD). Value indicated is pre-tax. Below graph shows estimated Financial Quantitative Analyst job salary compared to average salary in Ethiopia.
Comparison shows that a person working as Financial Quantitative Analyst in Ethiopia earns on average:
2.08 times the average salary (or 208% of average salary).
Estimated national average yearly salary is 105,216 ETB (1,920 USD). Value indicated is pre-tax. Below graph shows estimated Financial Quantitative Analyst job salary compared to average salary in Ethiopia.
Comparison shows that a person working as Financial Quantitative Analyst in Ethiopia earns on average:
2.08 times the average salary (or 208% of average salary).
Is Financial Quantitative Analyst a well paid job?
Yes, our data show that Financial Quantitative Analyst 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 Financial Quantitative Analyst?
High salary for Financial Quantitative Analyst would be somewhere between 240,988 ETB and 317,666 ETB. However this is an estimation based on Gaussian Distribution.How much can you save working as Financial Quantitative Analyst in Ethiopia?
Living in Ethiopia the approximate monthly expenses are: 77 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: 219,080 ETB
Estimated Monthly Salary: 18,257 ETB
Estimated Weekly Salary: 4,213 ETB per week
Estimated Hourly Salary: 105 ETB per hour
By working as Financial Quantitative Analyst a person can save up to 228 USD per month or 2,739 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 Ethiopia, see costs of living in Ethiopia.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Djibouti, Eritrea, Sudan, South Sudan, Kenya, Somalia. To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).Estimated Yearly Salary for Financial Quantitative Analyst
Sudan is 1,454 USD
Kenya is 11,433 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 Ethiopia
(1,198,707 ETB per year, pre-tax.)
2. Cardiologist
(998,053 ETB per year, pre-tax.)
(968,024 ETB per year, pre-tax.)
4. Neurosurgeon
(937,399 ETB per year, pre-tax.)
(935,134 ETB per year, pre-tax.)
(915,448 ETB per year, pre-tax.)
7. Oncologist
(913,122 ETB per year, pre-tax.)
(912,301 ETB per year, pre-tax.)
(911,770 ETB per year, pre-tax.)
10. Dermatologist
(911,678 ETB per year, pre-tax.)
Data as of 2025Random salary:
Software engineer (203,089 ETB per year, pre-tax.)
Online communications associate (86,640 ETB per year, pre-tax.)
Production operator (57,621 ETB per year, pre-tax.)
Houseperson (40,916 ETB per year, pre-tax.)
Boilermaker (141,900 ETB per year, pre-tax.)
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