Home > Salary > Ethiopia > Quantitative Analyst Research
A quantitative analyst researches and develops mathematical models, algorithms, and statistical methods to solve complex financial and business problems. They work primarily in the finance industry, assisting investment firms, banks, and hedge funds in making informed decisions and managing risk.
Quantitative analysts analyze large datasets using statistical software and programming languages to identify patterns and trends. They design and implement mathematical models to evaluate investment strategies, assess portfolio risk, and optimize trading algorithms. They also conduct market research to identify potential investment opportunities and evaluate the performance of existing portfolios.
Key responsibilities of a quantitative analyst include data collection and validation, model development and validation, backtesting trading strategies, and producing reports and presentations for senior management. They collaborate with traders, portfolio managers, and other stakeholders to provide quantitative insights and recommendations.
Estimated Yearly Salary: 200,853 ETB
Estimated Monthly Salary: 16,738 ETB
Estimated Weekly Salary: 3,863 ETB per week
Estimated Hourly Salary: 97 ETB per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 16,220 ETB
Estimated Weekly Salary: 3,743 ETB per week
Estimated Hourly Salary: 94 ETB per hour
Last revision of data: 2024-01-06
Estimated Yearly Salary: 3,345 USD
Estimated Monthly Salary: 279 USD
Estimated Weekly Salary: 64 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: 200,853 ETB
Estimated Monthly Salary: 16,738 ETB
Estimated Weekly Salary: 3,863 ETB per week
Estimated Hourly Salary: 97 ETB per hour
By working as Quantitative Analyst Research a person can save up to 202 USD per month or 2,423 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 Quantitative Analyst Research
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
Toolmaker (118,455 ETB per year, pre-tax.)
Sterile processing supervisor (100,440 ETB per year, pre-tax.)
Assembly line mechanic (82,860 ETB per year, pre-tax.)
Applications systems and program manager (190,430 ETB per year, pre-tax.)
Nuclear plant control operator (183,300 ETB per year, pre-tax.)
Quantitative Analyst Research salary in Ethiopia
Average Yearly Salary of Quantitative Analyst Research in Ethiopia is approximately 200,853 ETB (3,345 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 Research do?
A quantitative analyst researches and develops mathematical models, algorithms, and statistical methods to solve complex financial and business problems. They work primarily in the finance industry, assisting investment firms, banks, and hedge funds in making informed decisions and managing risk.
Quantitative analysts analyze large datasets using statistical software and programming languages to identify patterns and trends. They design and implement mathematical models to evaluate investment strategies, assess portfolio risk, and optimize trading algorithms. They also conduct market research to identify potential investment opportunities and evaluate the performance of existing portfolios.
Key responsibilities of a quantitative analyst include data collection and validation, model development and validation, backtesting trading strategies, and producing reports and presentations for senior management. They collaborate with traders, portfolio managers, and other stakeholders to provide quantitative insights and recommendations.
Skills: Quantitative analyst, Financial modeling, Risk management, Statistical analysis, Algorithm development, Market research
Job industry: Finance
Job industry: Finance
How much does Quantitative Analyst Research make?
Salary details
How much does Quantitative Analyst Research make?Estimated Yearly Salary: 200,853 ETB
Estimated Monthly Salary: 16,738 ETB
Estimated Weekly Salary: 3,863 ETB per week
Estimated Hourly Salary: 97 ETB per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 194,640 ETBEstimated Monthly Salary: 16,220 ETB
Estimated Weekly Salary: 3,743 ETB per week
Estimated Hourly Salary: 94 ETB per hour
Last revision of data: 2024-01-06Quantitative Analyst Research estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 3,345 USD
Estimated Monthly Salary: 279 USD
Estimated Weekly Salary: 64 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
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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 Quantitative Analyst Research job salary compared to average salary in Ethiopia.
Comparison shows that a person working as Quantitative Analyst Research in Ethiopia earns on average:
1.91 times the average salary (or 191% of average salary).
Estimated national average yearly salary is 105,216 ETB (1,920 USD). Value indicated is pre-tax. Below graph shows estimated Quantitative Analyst Research job salary compared to average salary in Ethiopia.
Comparison shows that a person working as Quantitative Analyst Research in Ethiopia earns on average:
1.91 times the average salary (or 191% of average salary).
Is Quantitative Analyst Research a well paid job?
Yes, our data shows that Quantitative Analyst Research 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 Research?
High salary for Quantitative Analyst Research would be somewhere between 220,938 ETB and 291,237 ETB. However this is an estimation based on Gaussian Distribution.How much can you save working as Quantitative Analyst Research 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: 200,853 ETB
Estimated Monthly Salary: 16,738 ETB
Estimated Weekly Salary: 3,863 ETB per week
Estimated Hourly Salary: 97 ETB per hour
By working as Quantitative Analyst Research a person can save up to 202 USD per month or 2,423 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 Quantitative Analyst Research
Sudan is 1,334 USD
Kenya is 10,479 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:
Toolmaker (118,455 ETB per year, pre-tax.)
Sterile processing supervisor (100,440 ETB per year, pre-tax.)
Assembly line mechanic (82,860 ETB per year, pre-tax.)
Applications systems and program manager (190,430 ETB per year, pre-tax.)
Nuclear plant control operator (183,300 ETB per year, pre-tax.)
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