Home > Salary > Turkey > 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: 455,802 TRY
Estimated Monthly Salary: 37,984 TRY
Estimated Weekly Salary: 8,765 TRY per week
Estimated Hourly Salary: 219 TRY per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 36,737 TRY
Estimated Weekly Salary: 8,478 TRY per week
Estimated Hourly Salary: 212 TRY per hour
Last revision of data: 2024-01-07
Estimated Yearly Salary: 23,948 USD
Estimated Monthly Salary: 1,996 USD
Estimated Weekly Salary: 461 USD per week
Estimated Hourly Salary: 12 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: 455,802 TRY
Estimated Monthly Salary: 37,984 TRY
Estimated Weekly Salary: 8,765 TRY per week
Estimated Hourly Salary: 219 TRY per hour
By working as Quantitative Associate a person can save up to 1,572 USD per month or 18,865 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 Turkey, see costs of living in Turkey.
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 Turkey
Average Yearly Salary of Quantitative Associate in Turkey is approximately 455,802 TRY (23,948 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: 455,802 TRY
Estimated Monthly Salary: 37,984 TRY
Estimated Weekly Salary: 8,765 TRY per week
Estimated Hourly Salary: 219 TRY per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 440,838 TRYEstimated Monthly Salary: 36,737 TRY
Estimated Weekly Salary: 8,478 TRY per week
Estimated Hourly Salary: 212 TRY 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: 23,948 USD
Estimated Monthly Salary: 1,996 USD
Estimated Weekly Salary: 461 USD per week
Estimated Hourly Salary: 12 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %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
Please type in your occupation and select desired country to see latest trends in salaries.
Country:
Salary comparison to National average
Turkey, officially known as the Republic of Turkey, is a transcontinental country located mainly on the Anatolian Peninsula in Western Asia, with a smaller portion on the Balkan Peninsula in Southeast Europe. It has a population of approximately 82 million people, making it one of the most populous countries in the world. The land area of Turkey is about 783,356 square kilometers, making it larger than many European countries.
Estimated national average yearly salary is 182,974 TRY (10,590 USD). Value indicated is pre-tax. Below graph shows estimated Quantitative Associate job salary compared to average salary in Turkey.
Comparison shows that a person working as Quantitative Associate in Turkey earns on average:
2.49 times the average salary (or 249% of average salary).
Estimated national average yearly salary is 182,974 TRY (10,590 USD). Value indicated is pre-tax. Below graph shows estimated Quantitative Associate job salary compared to average salary in Turkey.
Comparison shows that a person working as Quantitative Associate in Turkey earns on average:
2.49 times the average salary (or 249% 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 501,382 TRY and 660,913 TRY. However this is an estimation based on Gaussian Distribution.How much can you save working as Quantitative Associate in Turkey?
Living in Turkey the approximate monthly expenses are: 424 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: 455,802 TRY
Estimated Monthly Salary: 37,984 TRY
Estimated Weekly Salary: 8,765 TRY per week
Estimated Hourly Salary: 219 TRY per hour
By working as Quantitative Associate a person can save up to 1,572 USD per month or 18,865 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 Turkey, see costs of living in Turkey.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Greece, Bulgaria, Georgia, Armenia, Azerbaijan, Iran, Iraq, Syria.. 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
Greece is 49,404 USD
Iran is 17,923 USD
Iraq is 13,620 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 Turkey
(2,099,459 TRY per year, pre-tax.)
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5. Neurosurgeon
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7. Oncologist
(1,595,801 TRY per year, pre-tax.)
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Data as of 2025Random salary:
Arbitrator mediator conciliator (168,149 TRY per year, pre-tax.)
Interactive media buyer planner (143,890 TRY per year, pre-tax.)
Portfolio manager (360,900 TRY per year, pre-tax.)
Medical assistant supervisor (111,555 TRY per year, pre-tax.)
Ambassador (111,853 TRY per year, pre-tax.)
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