Home > Salary > Saudi Arabia > 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: 216,923 SAR
Estimated Monthly Salary: 18,077 SAR
Estimated Weekly Salary: 4,172 SAR per week
Estimated Hourly Salary: 104 SAR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 17,442 SAR
Estimated Weekly Salary: 4,025 SAR per week
Estimated Hourly Salary: 101 SAR per hour
Last revision of data: 2024-01-06
Estimated Yearly Salary: 54,117 USD
Estimated Monthly Salary: 4,510 USD
Estimated Weekly Salary: 1,041 USD per week
Estimated Hourly Salary: 26 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: 216,923 SAR
Estimated Monthly Salary: 18,077 SAR
Estimated Weekly Salary: 4,172 SAR per week
Estimated Hourly Salary: 104 SAR per hour
By working as Quantitative Analyst Finance a person can save up to 3,406 USD per month or 40,874 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 Saudi Arabia, see costs of living in Saudi Arabia.
Estimated Yearly Salary for Quantitative Analyst Finance
United Arab Emirates is 96,160 USD 78%
Details on Quantitative Analyst Finance salary in United Arab Emirates Last revision of data: 2025-01-04
Data as of 2025
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Quantitative Analyst Finance salary in Saudi Arabia
Average Yearly Salary of Quantitative Analyst Finance in Saudi Arabia is approximately 216,923 SAR (54,117 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: 216,923 SAR
Estimated Monthly Salary: 18,077 SAR
Estimated Weekly Salary: 4,172 SAR per week
Estimated Hourly Salary: 104 SAR per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 209,308 SAREstimated Monthly Salary: 17,442 SAR
Estimated Weekly Salary: 4,025 SAR per week
Estimated Hourly Salary: 101 SAR per hour
Last revision of data: 2024-01-06Quantitative Analyst Finance estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 54,117 USD
Estimated Monthly Salary: 4,510 USD
Estimated Weekly Salary: 1,041 USD per week
Estimated Hourly Salary: 26 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
Saudi Arabia, officially known as the Kingdom of Saudi Arabia, is a country located in the Middle East. With a population of approximately 34 million people, it is the 40th most populous country in the world. The nation covers an area of about 2.15 million square kilometers, making it the 13th largest country globally. Saudi Arabia is bordered by Jordan and Iraq to the north, Kuwait to the northeast, Qatar, Bahrain, and the United Arab Emirates to the east, Oman to the southeast, and Yemen to the south.
Estimated national average yearly salary is 103,462 SAR (27,590 USD). Value indicated is pre-tax. Below graph shows estimated Quantitative Analyst Finance job salary compared to average salary in Saudi Arabia.
Comparison shows that a person working as Quantitative Analyst Finance in Saudi Arabia earns on average:
2.1 times the average salary (or 210% of average salary).
Estimated national average yearly salary is 103,462 SAR (27,590 USD). Value indicated is pre-tax. Below graph shows estimated Quantitative Analyst Finance job salary compared to average salary in Saudi Arabia.
Comparison shows that a person working as Quantitative Analyst Finance in Saudi Arabia earns on average:
2.1 times the average salary (or 210% 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 238,615 SAR and 314,538 SAR. However this is an estimation based on Gaussian Distribution.How much can you save working as Quantitative Analyst Finance in Saudi Arabia?
Living in Saudi Arabia the approximate monthly expenses are: 1,104 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: 216,923 SAR
Estimated Monthly Salary: 18,077 SAR
Estimated Weekly Salary: 4,172 SAR per week
Estimated Hourly Salary: 104 SAR per hour
By working as Quantitative Analyst Finance a person can save up to 3,406 USD per month or 40,874 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 Saudi Arabia, see costs of living in Saudi Arabia.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Jordan, Iraq, Kuwait, Qatar, Bahrain, United Arab Emirates, Oman, Yemen. 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
Jordan is 18,595 USD
Iraq is 11,808 USD
Kuwait is 26,226 USD
Qatar is 138,207 USD
Bahrain is 35,124 USDUnited Arab Emirates is 96,160 USD 78%Details on Quantitative Analyst Finance salary in United Arab Emirates
Oman is 17,770 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 Saudi Arabia
(1,155,796 SAR per year, pre-tax.)
2. Cardiologist
(962,048 SAR per year, pre-tax.)
(923,476 SAR per year, pre-tax.)
4. Neurosurgeon
(900,367 SAR per year, pre-tax.)
(897,041 SAR per year, pre-tax.)
(877,388 SAR per year, pre-tax.)
(874,133 SAR per year, pre-tax.)
(873,498 SAR per year, pre-tax.)
9. Urologist
(873,306 SAR per year, pre-tax.)
(872,951 SAR per year, pre-tax.)
Data as of 2025Random salary:
Technical account manager (158,299 SAR per year, pre-tax.)
Cnc lathe operator (68,269 SAR per year, pre-tax.)
Water meter technician (68,588 SAR per year, pre-tax.)
Director fitness wellness (81,363 SAR per year, pre-tax.)
Fish and game warden (73,136 SAR per year, pre-tax.)
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