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Quantitative Analyst salary in Australia
The median full-time salary for a quantitative analyst is $148,200 per annum, before tax, up $31,600 since 2018.
DerivedIndicative estimate, not yet verified against official Jobs and Skills Australia / ABS data · Estimate
- Pay in this field leans heavily on the annual bonus, which for front-office roles can add a substantial amount on top of base salary and is tied to how the desk or fund performs.
- Hedge funds and proprietary trading firms generally pay above the major banks, and a postgraduate qualification in mathematics, physics or financial engineering can move you into the higher bands.
- Location matters less than the desk you sit on, since most of these roles cluster in Sydney and Melbourne.
The median salary rose by $31,600 between 2018 and 2024; the dashed line shows a projection to 2028 based on the real ABS Wage Price Index growth rate, not a role-specific forecast.
How to negotiate a higher quantitative analyst salary
- Know the market rate before you ask. The median full-time quantitative analyst salary is $148,200; use that, not a guess, as your anchor, and adjust for your experience and employer.
- Lead with what's scarce, not just tenure. Skills like Financial analysis and modelling and Statistical modelling tend to command a premium over general quantitative analyst experience, name them specifically when you ask.
- Time it deliberately. Reviews, the end of a project you delivered, or taking on responsibility beyond your job description are stronger moments to ask than an arbitrary date on the calendar.
- Ask for a number, not a raise. "Based on the market rate and [specific contribution], I'd like to move to X" gets a clearer answer than "I think I deserve more."
Quantitative Analyst salary questions
How much do quantitative analysts earn in Australia?
The median full-time salary for a quantitative analyst is $148,200 a year before tax. Seniority, specialisation, sector and the award or agreement you're employed under all move it.
Is quantitative analyst pay rising or falling?
The median quantitative analyst salary is up $31,600 since 2018. Figures from 2025 onward on this page are a projection, not a measured result.
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Pay advice
- How to ask for a pay rise, and back it up with real numbersWhat national wage growth looks like right now, how to work out a figure for your own role, wording you can adapt for the conversation, and what to do if the answer is no.
- The average salary in Australia (2026)Full-time adults in Australia averaged $2,083.70 a week in May 2026. Several measures get called the average salary, and this explains which one fits your situation.
- Overtime pay, time in lieu and what your award saysOvertime rates come from your award or agreement, not one national rule. How rates work, what happens on a salary, and how time off in lieu works.