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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.
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.
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.