Financial Quantitative Analyst salary in Iceland

Average Yearly Salary of Financial Quantitative Analyst in Iceland is approximately 18,602,301 ISK (130,509 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

How much does Financial 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 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 20,462,531 ISK and 26,973,336 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Financial Quantitative Analyst in Iceland?

Living in Iceland the approximate monthly expenses are: 2,729 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: 18,602,301 ISK
Estimated Monthly Salary: 1,550,192 ISK
Estimated Weekly Salary: 357,737 ISK per week
Estimated Hourly Salary: 8,943 ISK per hour
By working as Financial Quantitative Analyst a person can save up to 8,147 USD per month or 97,763 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 Iceland, see costs of living in Iceland.

Salary comparison to region and neighbouring coutries

Country's neighbours are: Norway, Faroe Islands, United Kingdom.
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

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.

Top 10 highest salaries in Iceland

Data as of 2025

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