Average Quantitative Analyst Salary in Mumbai, Maharashtra

The line graph shows Quantitative Analyst salary in Mumbai, Maharashtra, India on an annual basis. In this graph specifically, it is indicated that as the years of experience increases, so does their wages.

For Quantitative Analyst working less than a year in a company, you notice that their annual salary starts around ₹8,56,000.00.

As the years of experience reaches 1 to 4, there is a significant increase of ₹2,61,695.47 which would give a total wage of INR1,117,695.47.

Once the experience reaches 5-9 years Quantitative Analyst salary would increase again to a total of ₹14,25,600.00, adding ₹3,07,904.53 from the last salary increase.

The bar graph data indicates the importance of specific skills which can have a direct impact on Quantitative Analyst's salary. It clearly highlights the skills needed for a post of Quantitative Analyst when hired by an employer.

The most vital skill expected of Quantitative Analyst is Matlab which impacts the most than the rest of the skills indicated with a staggering 40% comparatively. Therefore, one’s salary would greatly depend on their skills in Matlab.

The skill least likely to affect one’s pay would be Statistical Analysis with 33%. It can be said that Statistical Analysis skill will unlikely impact the salary.

This combination of a line and the bar graph shows how the experience affects the salary of Quantitative Analyst. Companies are considering factors like training and education directly affecting the salary offered to you as an employee. The line graph shows the salary increment with the increase in experience whereas the bar graph shows the comparision of how the salary is getting affected based on experience level.

As shown in the trends, lowest earning is ₹8,35,740.00 whereas the highest earning is ₹14,41,348.00 which clearly shows the salary increases with the level of expertise.

Mid Carrer person will earn the maximum salary of ₹14,41,348.00 at 19%. So to summerize, Entry Level earns 31% less than the average salary, Early Career earns 5% less than the average salary, Mid Carrer earns 19% more than the average salary.