Home > Salary > Norway > Quantitative Associate
A quantitative associate is an individual who works in the field of quantitative finance or data analysis. They are responsible for developing and implementing mathematical models and statistical techniques to analyze financial data and make informed investment decisions. This occupation requires a strong background in mathematics, statistics, and programming, as well as knowledge of financial markets and instruments.
Quantitative associates are typically employed by investment banks, hedge funds, asset management firms, or financial consulting companies. They work closely with portfolio managers, traders, and risk managers to provide quantitative insights and support decision-making processes. Their tasks may include designing and back-testing trading strategies, developing risk models, conducting market research, and building financial forecasting models.
Estimated Yearly Salary: 2,388,928 NOK
Estimated Monthly Salary: 199,077 NOK
Estimated Weekly Salary: 45,941 NOK per week
Estimated Hourly Salary: 1,149 NOK per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 191,815 NOK
Estimated Weekly Salary: 44,265 NOK per week
Estimated Hourly Salary: 1,107 NOK per hour
Last revision of data: 2024-01-07
Estimated Yearly Salary: 216,742 USD
Estimated Monthly Salary: 18,062 USD
Estimated Weekly Salary: 4,168 USD per week
Estimated Hourly Salary: 104 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: 2,388,928 NOK
Estimated Monthly Salary: 199,077 NOK
Estimated Weekly Salary: 45,941 NOK per week
Estimated Hourly Salary: 1,149 NOK per hour
By working as Quantitative Associate a person can save up to 14,241 USD per month or 170,897 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 Norway, see costs of living in Norway.
Estimated Yearly Salary for Quantitative Associate
Last revision of data: 2025-01-04
Data as of 2025
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Quantitative Associate salary in Norway
Average Yearly Salary of Quantitative Associate in Norway is approximately 2,388,928 NOK (216,742 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 Associate do?
A quantitative associate is an individual who works in the field of quantitative finance or data analysis. They are responsible for developing and implementing mathematical models and statistical techniques to analyze financial data and make informed investment decisions. This occupation requires a strong background in mathematics, statistics, and programming, as well as knowledge of financial markets and instruments.
Quantitative associates are typically employed by investment banks, hedge funds, asset management firms, or financial consulting companies. They work closely with portfolio managers, traders, and risk managers to provide quantitative insights and support decision-making processes. Their tasks may include designing and back-testing trading strategies, developing risk models, conducting market research, and building financial forecasting models.
Skills: quantitative finance, data analysis, mathematical modeling, statistical techniques, financial markets, investment decisions.
Job industry: Finance
Job industry: Finance
How much does Quantitative Associate make?
Salary details
How much does Quantitative Associate make?Estimated Yearly Salary: 2,388,928 NOK
Estimated Monthly Salary: 199,077 NOK
Estimated Weekly Salary: 45,941 NOK per week
Estimated Hourly Salary: 1,149 NOK per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 2,301,783 NOKEstimated Monthly Salary: 191,815 NOK
Estimated Weekly Salary: 44,265 NOK per week
Estimated Hourly Salary: 1,107 NOK per hour
Last revision of data: 2024-01-07Quantitative Associate estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 216,742 USD
Estimated Monthly Salary: 18,062 USD
Estimated Weekly Salary: 4,168 USD per week
Estimated Hourly Salary: 104 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
Norway, located in Northern Europe, is a country known for its stunning natural landscapes, including fjords, mountains, and forests. With a population of approximately 5.4 million people, it is one of the least densely populated countries in Europe. The size of Norway is around 323,802 square kilometers, making it larger than many European countries.
Estimated national average yearly salary is 977,067 NOK (95,510 USD). Value indicated is pre-tax. Below graph shows estimated Quantitative Associate job salary compared to average salary in Norway.
Comparison shows that a person working as Quantitative Associate in Norway earns on average:
2.44 times the average salary (or 244% of average salary).
Estimated national average yearly salary is 977,067 NOK (95,510 USD). Value indicated is pre-tax. Below graph shows estimated Quantitative Associate job salary compared to average salary in Norway.
Comparison shows that a person working as Quantitative Associate in Norway earns on average:
2.44 times the average salary (or 244% of average salary).
Is Quantitative Associate a well paid job?
Yes, our data show that Quantitative Associate 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 Associate?
High salary for Quantitative Associate would be somewhere between 2,627,821 NOK and 3,463,946 NOK. However this is an estimation based on Gaussian Distribution.How much can you save working as Quantitative Associate in Norway?
Living in Norway the approximate monthly expenses are: 3,820 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: 2,388,928 NOK
Estimated Monthly Salary: 199,077 NOK
Estimated Weekly Salary: 45,941 NOK per week
Estimated Hourly Salary: 1,149 NOK per hour
By working as Quantitative Associate a person can save up to 14,241 USD per month or 170,897 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 Norway, see costs of living in Norway.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Sweden, Finland, Russia, Denmark. 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 Associate
Sweden is 142,884 USD
Finland is 123,111 USD
Russia is 29,077 USD
Denmark is 166,069 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 Norway
(10,937,756 NOK per year, pre-tax.)
2. Cardiologist
(9,106,184 NOK per year, pre-tax.)
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4. Neurosurgeon
(8,566,101 NOK per year, pre-tax.)
(8,524,526 NOK per year, pre-tax.)
6. Oncologist
(8,361,766 NOK per year, pre-tax.)
7. Urologist
(8,317,150 NOK per year, pre-tax.)
(8,311,831 NOK per year, pre-tax.)
(8,311,163 NOK per year, pre-tax.)
(8,310,747 NOK per year, pre-tax.)
Data as of 2025Random salary:
Sql database administrator (1,614,679 NOK per year, pre-tax.)
Rigger (863,027 NOK per year, pre-tax.)
Consultant employment (869,591 NOK per year, pre-tax.)
Laboratory specialist (1,122,264 NOK per year, pre-tax.)
Equipment engineer (1,348,355 NOK per year, pre-tax.)
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This website presents salary estimates for informational purposes exclusively. While we gather data from various sources, we do not guarantee absolute reliability. Users are advised to review trusted organizations before making major financial decisions. Salaries fluctuate due to numerous elements, such as market demand, employer policies, and geographic location. We cannot provide warranty regarding the correctness of the displayed salary data. Your use of this site confirms your understanding of these conditions.