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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: 193,701 SAR
Estimated Monthly Salary: 16,142 SAR
Estimated Weekly Salary: 3,725 SAR per week
Estimated Hourly Salary: 93 SAR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 15,538 SAR
Estimated Weekly Salary: 3,586 SAR per week
Estimated Hourly Salary: 90 SAR per hour
Last revision of data: 2024-01-03
Estimated Yearly Salary: 48,327 USD
Estimated Monthly Salary: 4,027 USD
Estimated Weekly Salary: 929 USD per week
Estimated Hourly Salary: 23 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: 193,701 SAR
Estimated Monthly Salary: 16,142 SAR
Estimated Weekly Salary: 3,725 SAR per week
Estimated Hourly Salary: 93 SAR per hour
By working as Quantitative Analyst Research a person can save up to 2,924 USD per month or 35,084 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 Research
United Arab Emirates is 85,628 USD 77%
Details on Quantitative Analyst Research salary in United Arab Emirates Last revision of data: 2025-01-04
Data as of 2025
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Quantitative Analyst Research salary in Saudi Arabia
Average Yearly Salary of Quantitative Analyst Research in Saudi Arabia is approximately 193,701 SAR (48,327 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
Job industry: Finance
How much does Quantitative Analyst Research make?
Salary details
How much does Quantitative Analyst Research make?Estimated Yearly Salary: 193,701 SAR
Estimated Monthly Salary: 16,142 SAR
Estimated Weekly Salary: 3,725 SAR per week
Estimated Hourly Salary: 93 SAR per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 186,452 SAREstimated Monthly Salary: 15,538 SAR
Estimated Weekly Salary: 3,586 SAR per week
Estimated Hourly Salary: 90 SAR per hour
Last revision of data: 2024-01-03Quantitative Analyst Research estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 48,327 USD
Estimated Monthly Salary: 4,027 USD
Estimated Weekly Salary: 929 USD per week
Estimated Hourly Salary: 23 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 Research job salary compared to average salary in Saudi Arabia.
Comparison shows that a person working as Quantitative Analyst Research in Saudi Arabia earns on average:
1.87 times the average salary (or 187% 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 Research job salary compared to average salary in Saudi Arabia.
Comparison shows that a person working as Quantitative Analyst Research in Saudi Arabia earns on average:
1.87 times the average salary (or 187% 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 213,071 SAR and 280,866 SAR. However this is an estimation based on Gaussian Distribution.How much can you save working as Quantitative Analyst Research 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: 193,701 SAR
Estimated Monthly Salary: 16,142 SAR
Estimated Weekly Salary: 3,725 SAR per week
Estimated Hourly Salary: 93 SAR per hour
By working as Quantitative Analyst Research a person can save up to 2,924 USD per month or 35,084 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 Research
Jordan is 16,648 USD
Iraq is 10,510 USD
Kuwait is 23,434 USD
Qatar is 123,681 USD
Bahrain is 31,112 USDUnited Arab Emirates is 85,628 USD 77%Details on Quantitative Analyst Research salary in United Arab Emirates
Oman is 15,819 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:
Senior purchasing manager (171,868 SAR per year, pre-tax.)
Certified pedorthotist (98,288 SAR per year, pre-tax.)
Hygienist (135,536 SAR per year, pre-tax.)
Machinist (91,079 SAR per year, pre-tax.)
Occupational medicine physician (431,644 SAR per year, pre-tax.)
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