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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: 304,399,917 IDR
Estimated Monthly Salary: 25,366,660 IDR
Estimated Weekly Salary: 5,853,845 IDR per week
Estimated Hourly Salary: 146,346 IDR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 24,598,979 IDR
Estimated Weekly Salary: 5,676,688 IDR per week
Estimated Hourly Salary: 141,917 IDR per hour
Last revision of data: 2024-01-06
Estimated Yearly Salary: 18,445 USD
Estimated Monthly Salary: 1,537 USD
Estimated Weekly Salary: 355 USD per week
Estimated Hourly Salary: 9 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: 304,399,917 IDR
Estimated Monthly Salary: 25,366,660 IDR
Estimated Weekly Salary: 5,853,845 IDR per week
Estimated Hourly Salary: 146,346 IDR per hour
By working as Quantitative Analyst Research a person can save up to 1,114 USD per month or 13,367 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 Indonesia, see costs of living in Indonesia.
Estimated Yearly Salary for Quantitative Analyst Research
Last revision of data: 2025-01-04
Data as of 2025
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Quantitative Analyst Research salary in Indonesia
Average Yearly Salary of Quantitative Analyst Research in Indonesia is approximately 304,399,917 IDR (18,445 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: 304,399,917 IDR
Estimated Monthly Salary: 25,366,660 IDR
Estimated Weekly Salary: 5,853,845 IDR per week
Estimated Hourly Salary: 146,346 IDR per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 295,187,750 IDREstimated Monthly Salary: 24,598,979 IDR
Estimated Weekly Salary: 5,676,688 IDR per week
Estimated Hourly Salary: 141,917 IDR 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: 18,445 USD
Estimated Monthly Salary: 1,537 USD
Estimated Weekly Salary: 355 USD per week
Estimated Hourly Salary: 9 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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Salary comparison to National average
Indonesia, located in Southeast Asia, is the world's largest archipelago consisting of more than 17,000 islands. With a population of over 270 million people, it is the fourth most populous country globally. The nation spans approximately 1.9 million square kilometers, making it the 14th largest country by land area.
Estimated national average yearly salary is 160,287,000 IDR (10,580 USD). Value indicated is pre-tax. Below graph shows estimated Quantitative Analyst Research job salary compared to average salary in Indonesia.
Comparison shows that a person working as Quantitative Analyst Research in Indonesia earns on average:
1.9 times the average salary (or 190% of average salary).
Estimated national average yearly salary is 160,287,000 IDR (10,580 USD). Value indicated is pre-tax. Below graph shows estimated Quantitative Analyst Research job salary compared to average salary in Indonesia.
Comparison shows that a person working as Quantitative Analyst Research in Indonesia earns on average:
1.9 times the average salary (or 190% 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 334,839,909 IDR and 441,379,880 IDR. However this is an estimation based on Gaussian Distribution.How much can you save working as Quantitative Analyst Research in Indonesia?
Living in Indonesia the approximate monthly expenses are: 423 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: 304,399,917 IDR
Estimated Monthly Salary: 25,366,660 IDR
Estimated Weekly Salary: 5,853,845 IDR per week
Estimated Hourly Salary: 146,346 IDR per hour
By working as Quantitative Analyst Research a person can save up to 1,114 USD per month or 13,367 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 Indonesia, see costs of living in Indonesia.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Malaysia, Papua New Guinea, East Timor. 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
Malaysia is 31,007 USD
East Timor is 78,829 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 Indonesia
(1,825,698,192 IDR per year, pre-tax.)
2. Cardiologist
(1,516,604,457 IDR per year, pre-tax.)
(1,461,048,780 IDR per year, pre-tax.)
4. Neurosurgeon
(1,421,992,567 IDR per year, pre-tax.)
(1,415,761,811 IDR per year, pre-tax.)
(1,390,462,773 IDR per year, pre-tax.)
(1,387,366,201 IDR per year, pre-tax.)
(1,385,685,106 IDR per year, pre-tax.)
9. Oncologist
(1,385,109,120 IDR per year, pre-tax.)
10. Plastic surgeon
(1,383,933,123 IDR per year, pre-tax.)
Data as of 2025Random salary:
Inventory director (171,513,150 IDR per year, pre-tax.)
Naturopathy doctor (344,833,324 IDR per year, pre-tax.)
Claims processorbilling (82,139,809 IDR per year, pre-tax.)
Activity therapist (117,003,450 IDR per year, pre-tax.)
Residence supervisor (158,072,008 IDR per year, pre-tax.)
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