Home > Salary > Iraq > 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: 16,911,828 IQD
Estimated Monthly Salary: 1,409,319 IQD
Estimated Weekly Salary: 325,227 IQD per week
Estimated Hourly Salary: 8,131 IQD per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 1,365,046 IQD
Estimated Weekly Salary: 315,011 IQD per week
Estimated Hourly Salary: 7,875 IQD per hour
Last revision of data: 2024-01-02
Estimated Yearly Salary: 11,438 USD
Estimated Monthly Salary: 953 USD
Estimated Weekly Salary: 220 USD per week
Estimated Hourly Salary: 5 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: 16,911,828 IQD
Estimated Monthly Salary: 1,409,319 IQD
Estimated Weekly Salary: 325,227 IQD per week
Estimated Hourly Salary: 8,131 IQD per hour
By working as Financial Quantitative Analyst a person can save up to 713 USD per month or 8,558 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 Iraq, see costs of living in Iraq.
Estimated Yearly Salary for Financial Quantitative Analyst
Last revision of data: 2025-01-04
Data as of 2025
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Financial Quantitative Analyst salary in Iraq
Average Yearly Salary of Financial Quantitative Analyst in Iraq is approximately 16,911,828 IQD (11,438 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: 16,911,828 IQD
Estimated Monthly Salary: 1,409,319 IQD
Estimated Weekly Salary: 325,227 IQD per week
Estimated Hourly Salary: 8,131 IQD per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 16,380,546 IQDEstimated Monthly Salary: 1,365,046 IQD
Estimated Weekly Salary: 315,011 IQD per week
Estimated Hourly Salary: 7,875 IQD per hour
Last revision of data: 2024-01-02Financial Quantitative Analyst estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 11,438 USD
Estimated Monthly Salary: 953 USD
Estimated Weekly Salary: 220 USD per week
Estimated Hourly Salary: 5 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
Iraq, a nation in the Middle East, possesses vast oil reserves, fueling its economy and global energy trade. Key industries include oil and gas extraction, agriculture, and a burgeoning construction sector as the nation rebuilds its infrastructure. The rich historical and cultural heritage also draws tourists. However, Iraq faces challenges including political instability and security concerns. Despite these, the country exhibits economic potential and a resilient population, striving to rebuild and diversify its economy beyond oil and embrace a future of growth and stability.
Estimated national average yearly salary is 8,160,000 IQD (6,000 USD). Value indicated is pre-tax. Below graph shows estimated Financial Quantitative Analyst job salary compared to average salary in Iraq.
Comparison shows that a person working as Financial Quantitative Analyst in Iraq earns on average:
2.07 times the average salary (or 207% of average salary).
Estimated national average yearly salary is 8,160,000 IQD (6,000 USD). Value indicated is pre-tax. Below graph shows estimated Financial Quantitative Analyst job salary compared to average salary in Iraq.
Comparison shows that a person working as Financial Quantitative Analyst in Iraq earns on average:
2.07 times the average salary (or 207% 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 18,603,011 IQD and 24,522,151 IQD. However this is an estimation based on Gaussian Distribution.How much can you save working as Financial Quantitative Analyst in Iraq?
Living in Iraq the approximate monthly expenses are: 240 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: 16,911,828 IQD
Estimated Monthly Salary: 1,409,319 IQD
Estimated Weekly Salary: 325,227 IQD per week
Estimated Hourly Salary: 8,131 IQD per hour
By working as Financial Quantitative Analyst a person can save up to 713 USD per month or 8,558 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 Iraq, see costs of living in Iraq.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Iran, Jordan, Kuwait, Saudi Arabia, Syria, Turkey. 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
Iran is 15,029 USD
Jordan is 18,051 USD
Kuwait is 25,506 USD
Saudi Arabia is 52,493 USD
Syria is 7,019 USD
Turkey is 20,197 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 Iraq
(93,035,848 IQD per year, pre-tax.)
2. Cardiologist
(77,420,383 IQD per year, pre-tax.)
(74,436,118 IQD per year, pre-tax.)
4. Neurosurgeon
(72,585,795 IQD per year, pre-tax.)
(72,416,543 IQD per year, pre-tax.)
(70,778,229 IQD per year, pre-tax.)
(70,769,927 IQD per year, pre-tax.)
(70,594,393 IQD per year, pre-tax.)
9. Urologist
(70,443,660 IQD per year, pre-tax.)
10. Oncologist
(70,429,777 IQD per year, pre-tax.)
Data as of 2025Random salary:
Florist (4,265,196 IQD per year, pre-tax.)
Billing supervisor (9,330,248 IQD per year, pre-tax.)
Or director (12,401,503 IQD per year, pre-tax.)
Vice president (vp), facilities management (23,940,228 IQD per year, pre-tax.)
Podiatrist (dp dpm), or chiropodist (22,001,772 IQD per year, pre-tax.)
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