Home > Salary > Iraq > Quantitative Analyst Finance
A quantitative analyst in finance is a highly skilled professional who applies mathematical and statistical techniques to analyze and solve complex financial problems. They use their expertise to develop and implement models, algorithms, and trading strategies to optimize investment decisions, risk management, and portfolio management. Quantitative analysts work closely with traders, portfolio managers, and other stakeholders to provide insights and recommendations based on rigorous analysis of financial data. They utilize programming languages such as Python, R, and MATLAB to manipulate and analyze large datasets and develop sophisticated financial models. Strong analytical and problem-solving skills are crucial for this role, as well as a thorough understanding of financial markets and instruments. The occupation of a quantitative analyst in finance requires continuous learning and staying updated with the latest developments in quantitative finance, as well as excellent communication skills to effectively communicate complex ideas to non-technical stakeholders.
Estimated Yearly Salary: 17,482,128 IQD
Estimated Monthly Salary: 1,456,844 IQD
Estimated Weekly Salary: 336,195 IQD per week
Estimated Hourly Salary: 8,405 IQD per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 1,405,430 IQD
Estimated Weekly Salary: 324,330 IQD per week
Estimated Hourly Salary: 8,108 IQD per hour
Last revision of data: 2024-01-07
Estimated Yearly Salary: 11,808 USD
Estimated Monthly Salary: 984 USD
Estimated Weekly Salary: 227 USD per week
Estimated Hourly Salary: 6 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %
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: 17,482,128 IQD
Estimated Monthly Salary: 1,456,844 IQD
Estimated Weekly Salary: 336,195 IQD per week
Estimated Hourly Salary: 8,405 IQD per hour
By working as Quantitative Analyst Finance a person can save up to 744 USD per month or 8,928 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 Quantitative Analyst Finance
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
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Blood bank supervisor (11,750,400 IQD per year, pre-tax.)
Landscape construction foreman (5,385,600 IQD per year, pre-tax.)
Natural resource technician (5,812,891 IQD per year, pre-tax.)
Emergency medical services (ems), manager (9,013,524 IQD per year, pre-tax.)
Quantitative Analyst Finance salary in Iraq
Average Yearly Salary of Quantitative Analyst Finance in Iraq is approximately 17,482,128 IQD (11,808 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 Finance do?
A quantitative analyst in finance is a highly skilled professional who applies mathematical and statistical techniques to analyze and solve complex financial problems. They use their expertise to develop and implement models, algorithms, and trading strategies to optimize investment decisions, risk management, and portfolio management. Quantitative analysts work closely with traders, portfolio managers, and other stakeholders to provide insights and recommendations based on rigorous analysis of financial data. They utilize programming languages such as Python, R, and MATLAB to manipulate and analyze large datasets and develop sophisticated financial models. Strong analytical and problem-solving skills are crucial for this role, as well as a thorough understanding of financial markets and instruments. The occupation of a quantitative analyst in finance requires continuous learning and staying updated with the latest developments in quantitative finance, as well as excellent communication skills to effectively communicate complex ideas to non-technical stakeholders.
Skills: Quantitative Analyst, Finance, Mathematical Modeling, Risk Management, Portfolio Management, Financial Markets
Job industry: Finance
Job industry: Finance
How much does Quantitative Analyst Finance make?
Salary details
How much does Quantitative Analyst Finance make?Estimated Yearly Salary: 17,482,128 IQD
Estimated Monthly Salary: 1,456,844 IQD
Estimated Weekly Salary: 336,195 IQD per week
Estimated Hourly Salary: 8,405 IQD per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 16,865,160 IQDEstimated Monthly Salary: 1,405,430 IQD
Estimated Weekly Salary: 324,330 IQD per week
Estimated Hourly Salary: 8,108 IQD per hour
Last revision of data: 2024-01-07Quantitative Analyst Finance estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 11,808 USD
Estimated Monthly Salary: 984 USD
Estimated Weekly Salary: 227 USD per week
Estimated Hourly Salary: 6 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %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 Quantitative Analyst Finance job salary compared to average salary in Iraq.
Comparison shows that a person working as Quantitative Analyst Finance in Iraq earns on average:
2.14 times the average salary (or 214% 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 Quantitative Analyst Finance job salary compared to average salary in Iraq.
Comparison shows that a person working as Quantitative Analyst Finance in Iraq earns on average:
2.14 times the average salary (or 214% of average salary).
Is Quantitative Analyst Finance a well paid job?
Yes, our data show that Quantitative Analyst Finance 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 Analyst Finance?
High salary for Quantitative Analyst Finance would be somewhere between 19,230,341 IQD and 25,349,086 IQD. However this is an estimation based on Gaussian Distribution.How much can you save working as Quantitative Analyst Finance 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: 17,482,128 IQD
Estimated Monthly Salary: 1,456,844 IQD
Estimated Weekly Salary: 336,195 IQD per week
Estimated Hourly Salary: 8,405 IQD per hour
By working as Quantitative Analyst Finance a person can save up to 744 USD per month or 8,928 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 Quantitative Analyst Finance
Iran is 15,453 USD
Jordan is 18,595 USD
Kuwait is 26,226 USD
Saudi Arabia is 54,117 USD
Syria is 7,206 USD
Turkey is 20,807 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:
Family nurse practitioners (16,671,018 IQD per year, pre-tax.)
Blood bank supervisor (11,750,400 IQD per year, pre-tax.)
Landscape construction foreman (5,385,600 IQD per year, pre-tax.)
Natural resource technician (5,812,891 IQD per year, pre-tax.)
Emergency medical services (ems), manager (9,013,524 IQD per year, pre-tax.)
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Salary information displayed on this site is for reference only. Our figures are compiled various inputs, but we do not guarantee their accuracy. Users should always double-check salary details with official platforms before making job-related commitments. Salaries differ due to individual experience, market demand, and employer policies. We cannot offer any warranties about the completeness of the provided salary data. By continuing to use this site, you agree these limitations.
The salary data presented here are intended for informational purposes only. While we strive to ensure correctness, we do not guarantee every estimate is flawless. Users are advised to research salary details with official authorities before making important financial choices. Salary amounts may fluctuate due to economic shifts, demand variations, and regional factors. We disclaim responsibility for inaccuracies in the compensation data displayed.