Home > Salary > Iceland > 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: 22,074,833 ISK
Estimated Monthly Salary: 1,839,569 ISK
Estimated Weekly Salary: 424,516 ISK per week
Estimated Hourly Salary: 10,613 ISK per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 1,781,101 ISK
Estimated Weekly Salary: 411,023 ISK per week
Estimated Hourly Salary: 10,276 ISK per hour
Last revision of data: 2024-01-05
Estimated Yearly Salary: 154,896 USD
Estimated Monthly Salary: 12,908 USD
Estimated Weekly Salary: 2,979 USD per week
Estimated Hourly Salary: 74 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: 22,074,833 ISK
Estimated Monthly Salary: 1,839,569 ISK
Estimated Weekly Salary: 424,516 ISK per week
Estimated Hourly Salary: 10,613 ISK per hour
By working as Quantitative Associate a person can save up to 10,179 USD per month or 122,150 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.
Estimated Yearly Salary for Quantitative Associate
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
District property manager (11,635,971 ISK per year, pre-tax.)
Reactor operator (10,113,306 ISK per year, pre-tax.)
International sales marketing manager (15,241,071 ISK per year, pre-tax.)
Prison warden (12,494,729 ISK per year, pre-tax.)
Senior research scientist (unspecified type) (14,708,907 ISK per year, pre-tax.)
Quantitative Associate salary in Iceland
Average Yearly Salary of Quantitative Associate in Iceland is approximately 22,074,833 ISK (154,896 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: 22,074,833 ISK
Estimated Monthly Salary: 1,839,569 ISK
Estimated Weekly Salary: 424,516 ISK per week
Estimated Hourly Salary: 10,613 ISK per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 21,373,209 ISKEstimated Monthly Salary: 1,781,101 ISK
Estimated Weekly Salary: 411,023 ISK per week
Estimated Hourly Salary: 10,276 ISK 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: 154,896 USD
Estimated Monthly Salary: 12,908 USD
Estimated Weekly Salary: 2,979 USD per week
Estimated Hourly Salary: 74 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
Please type in your occupation and select desired country to see latest trends in salaries.
Country:
Salary comparison to National average
Iceland, a Nordic island country located in the North Atlantic Ocean, is known for its stunning natural landscapes and unique geological features. With a population of approximately 366,000 people, Iceland is one of the least densely populated countries in Europe. The country covers an area of about 103,000 square kilometers, making it the 18th largest island in the world.
Estimated national average yearly salary is 8,949,782 ISK (68,220 USD). Value indicated is pre-tax. Below graph shows estimated Quantitative Associate job salary compared to average salary in Iceland.
Comparison shows that a person working as Quantitative Associate in Iceland earns on average:
2.47 times the average salary (or 247% of average salary).
Estimated national average yearly salary is 8,949,782 ISK (68,220 USD). Value indicated is pre-tax. Below graph shows estimated Quantitative Associate job salary compared to average salary in Iceland.
Comparison shows that a person working as Quantitative Associate in Iceland earns on average:
2.47 times the average salary (or 247% 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 24,282,316 ISK and 32,008,508 ISK. However this is an estimation based on Gaussian Distribution.How much can you save working as Quantitative Associate 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: 22,074,833 ISK
Estimated Monthly Salary: 1,839,569 ISK
Estimated Weekly Salary: 424,516 ISK per week
Estimated Hourly Salary: 10,613 ISK per hour
By working as Quantitative Associate a person can save up to 10,179 USD per month or 122,150 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 Quantitative Associate
Norway is 216,742 USD
United Kingdom is 101,559 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 Iceland
(101,519,791 ISK per year, pre-tax.)
2. Cardiologist
(84,892,494 ISK per year, pre-tax.)
(82,036,676 ISK per year, pre-tax.)
4. Neurosurgeon
(79,530,435 ISK per year, pre-tax.)
(79,217,486 ISK per year, pre-tax.)
(77,544,423 ISK per year, pre-tax.)
(77,443,218 ISK per year, pre-tax.)
(77,278,803 ISK per year, pre-tax.)
9. Oncologist
(77,260,671 ISK per year, pre-tax.)
(77,231,503 ISK per year, pre-tax.)
Data as of 2025Random salary:
District property manager (11,635,971 ISK per year, pre-tax.)
Reactor operator (10,113,306 ISK per year, pre-tax.)
International sales marketing manager (15,241,071 ISK per year, pre-tax.)
Prison warden (12,494,729 ISK per year, pre-tax.)
Senior research scientist (unspecified type) (14,708,907 ISK per year, pre-tax.)
Feedback about these results
Please provide feedback by clicking buttons below if you find any of our salaries erroneous.
Link to this graph - use the following code to display the salary graph on your page:
<a href='https://optisalary.com/salary?country=iceland&job=quantitative-associate'><img src='https://optisalary.com/wp-content/graphs/salary/quantitative-associate-salary-in-iceland-2025.jpg' alt='quantitative associate salary in iceland 2025' title='quantitative associate salary in iceland 2025' /></a>
Please note:The salary data presented here are intended for informational purposes only.
This website compiles salary data for reference purposes exclusively. While we strive to deliver correct figures, we cannot warrant their absolute precision. Users are strongly encouraged to check with additional databases before finalizing financial decisions. Salary amounts fluctuate based on multiple factors, such as location, job role, and individual qualifications. We do not offer any guarantees as to the correctness of the listed information. Your use of this site acknowledges acceptance of this disclaimer.
Salary details presented on this website are intended for reference purposes exclusively. Our data comes from multiple sources and may not necessarily be accurate. Users must cross-reference salary information independently before making employment commitments. The figures listed here may fluctuate due to factors such as location, industry standards, and individual skill sets. We cannot guarantee that the data displayed is flawless. By using this website, you accept that salary information is presented 'as is' and without warranties.