Home > Salary > Monaco > Quantitative Analyst Research
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: 324,434 EUR
Estimated Monthly Salary: 27,036 EUR
Estimated Weekly Salary: 6,239 EUR per week
Estimated Hourly Salary: 156 EUR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 26,199 EUR
Estimated Weekly Salary: 6,046 EUR per week
Estimated Hourly Salary: 151 EUR per hour
Last revision of data: 2024-01-02
Estimated Yearly Salary: 324,382 USD
Estimated Monthly Salary: 27,032 USD
Estimated Weekly Salary: 6,238 USD per week
Estimated Hourly Salary: 156 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: 324,434 EUR
Estimated Monthly Salary: 27,036 EUR
Estimated Weekly Salary: 6,239 EUR per week
Estimated Hourly Salary: 156 EUR per hour
By working as Quantitative Analyst Research a person can save up to 19,589 USD per month or 235,064 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 Monaco, see costs of living in Monaco.
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 Monaco
Average Yearly Salary of Quantitative Analyst Research in Monaco is approximately 324,434 EUR (324,382 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?

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: 324,434 EUR
Estimated Monthly Salary: 27,036 EUR
Estimated Weekly Salary: 6,239 EUR per week
Estimated Hourly Salary: 156 EUR per hour
Comparing salary to last year:
Estimated Yearly Salary: 314,382 EUREstimated Monthly Salary: 26,199 EUR
Estimated Weekly Salary: 6,046 EUR per week
Estimated Hourly Salary: 151 EUR per hour
Quantitative Analyst Research estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 324,382 USD
Estimated Monthly Salary: 27,032 USD
Estimated Weekly Salary: 6,238 USD per week
Estimated Hourly Salary: 156 USD per hour
Difference in salary year over year or average salary increase is approximately
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
Monaco is a small sovereign city-state located on the French Riviera. With a population of approximately 38,000 people, it is the second smallest country in the world by population. Covering an area of just 2.02 square kilometers, Monaco is also one of the most densely populated countries globally.
Estimated national average yearly salary is 170,319 EUR (186,080 USD). Value indicated is pre-tax. Below graph shows estimated Quantitative Analyst Research job salary compared to average salary in Monaco.
Comparison shows that a person working as Quantitative Analyst Research in Monaco earns on average:
1.9 times the average salary (or 190% of average salary).
Estimated national average yearly salary is 170,319 EUR (186,080 USD). Value indicated is pre-tax. Below graph shows estimated Quantitative Analyst Research job salary compared to average salary in Monaco.
Comparison shows that a person working as Quantitative Analyst Research in Monaco 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 356,877 EUR and 470,429 EUR. However this is an estimation based on Gaussian Distribution.How much can you save working as Quantitative Analyst Research in Monaco?
Living in Monaco the approximate monthly expenses are: 7,443 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: 324,434 EUR
Estimated Monthly Salary: 27,036 EUR
Estimated Weekly Salary: 6,239 EUR per week
Estimated Hourly Salary: 156 EUR per hour
By working as Quantitative Analyst Research a person can save up to 19,589 USD per month or 235,064 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 Monaco, see costs of living in Monaco.
Salary comparison to region and neighbouring coutries
Country's neighbours are: France, Italy. 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
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
- 6 to 10 years of experience yields
- 11 to 15 years of experience yields
- 16 to 25 years of experience yields
- more than 25 years of experience yields
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Random salary:
Ship engineer (277,873 EUR per year, pre-tax.)
Sap functional consultant (326,552 EUR per year, pre-tax.)
Healthcare risk management manager (324,268 EUR per year, pre-tax.)
Communications manager (179,088 EUR per year, pre-tax.)
Senior brand manager (272,394 EUR per year, pre-tax.)
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