Quantitative Analyst Research salary in Nigeria

Average Yearly Salary of Quantitative Analyst Research in Nigeria is approximately 7,507,211 NGN (8,979 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

How much does Quantitative Analyst Research make?

Difference in salary year over year or average salary increase is approximately 3 %


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Salary comparison to National average

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 8,257,932 NGN and 10,885,456 NGN. However this is an estimation based on Gaussian Distribution.

How much can you save working as Quantitative Analyst Research in Nigeria?

Living in Nigeria the approximate monthly expenses are: 206 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: 7,507,211 NGN
Estimated Monthly Salary: 625,601 NGN
Estimated Weekly Salary: 144,369 NGN per week
Estimated Hourly Salary: 3,609 NGN per hour
By working as Quantitative Analyst Research a person can save up to 543 USD per month or 6,512 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 Nigeria, see costs of living in Nigeria.

Salary comparison to region and neighbouring coutries

Country's neighbours are: Niger, Chad, Cameroon, Benin.
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

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.

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Data as of 2025

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