Quantitative Analyst Finance salary in Latvia

Average Yearly Salary of Quantitative Analyst Finance in Latvia is approximately 42,268 EUR (42,346 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

How much does Quantitative Analyst Finance make?

Difference in salary year over year or average salary increase is approximately 4 %


Want to check how your salary compares? Submit your own salary here

Salary comparison to National average

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 46,495 EUR and 61,289 EUR. However this is an estimation based on Gaussian Distribution.

How much can you save working as Quantitative Analyst Finance in Latvia?

Living in Latvia the approximate monthly expenses are: 860 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: 42,268 EUR
Estimated Monthly Salary: 3,522 EUR
Estimated Weekly Salary: 813 EUR per week
Estimated Hourly Salary: 20 EUR per hour
By working as Quantitative Analyst Finance a person can save up to 2,669 USD per month or 32,026 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 Latvia, see costs of living in Latvia.

Salary comparison to region and neighbouring coutries

Country's neighbours are: Estonia, Russia, Belarus, Lithuania..
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

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 Latvia

Data as of 2025

Random salary:
Marketing manager media (30,466 EUR per year, pre-tax.)
Billing specialist (14,530 EUR per year, pre-tax.)
Clinical specialist medical devices (33,791 EUR per year, pre-tax.)
Veterinary acupuncturist (30,934 EUR per year, pre-tax.)
Water purification systems service technician (11,410 EUR per year, pre-tax.)

Feedback about these results