Quantitative Analyst.
Billings.
$153,000
median salary, 11% below the national average
$114,000 to $206,000. Last updated April 2026.
Get the job.
Data points to own the conversation.
Here is what Quantitative Analysts actually make in Billings: $114,000 at the 25th percentile, $153,000 at the median, and $206,000 at the 75th. That is 11% below the national average. Billings is Montana's largest city and economic hub, driven by energy, agriculture, and healthcare. The number on your offer letter will depend on what you bring and how you ask.
Salary range
Where do you fall?
Salary by experience
The gap between entry and lead level is typically $138,000. Where you land depends on years of experience and what you bring to the table.
Entry (0-2 yrs)
$99,000
to $122,000
Mid (3-5 yrs)
$130,000
to $161,000
Senior (6-9 yrs)
$168,000
to $199,000
Lead (10+ yrs)
$191,000
to $237,000
Salary trend
+3% YoYTotal compensation
Base salary is not the full picture. Equity, bonus, and signing can add $45,000 to the total package.
Base
$153,000
Equity
$26,000
Bonus
$16,000
Signing
$3,000
Estimated total: $198,000
How Billings compares
Billings, MT
$153,000
Cost of living: 11% below average
National Average
$172,000
Billings is $19,000 below
Quantitative Analyst salary by city
Salary by role in Billings
What you should know
Before you negotiate a Quantitative Analyst offer in Billings, understand the terrain. Billings is Montana's largest city and economic hub, driven by energy, agriculture, and healthcare. The city serves as a regional center for the Northern Plains. Remote work has brought a wave of tech professionals seeking Montana's quality of life, gradually diversifying the local job market. Firm type and strategy alpha generation are the primary pay determinants. Quants at top hedge funds like Citadel, Two Sigma, or DE Shaw earn 50 to 100% more than those at banks or asset managers. PhD-level mathematics, physics, or computer science backgrounds from top research universities command the highest starting salaries.
Junior quants start at $120,000 to $160,000 base at top firms. Mid-level quantitative analysts earn $160,000 to $220,000 base. Senior quants and portfolio managers reach $220,000 to $350,000 base. Quant portfolio managers running profitable strategies can earn $500,000 to several million in total compensation. In Billings, your dollars stretch further. Cost of living runs 11% below the national average, which means even a median salary buys a stronger lifestyle.
Base salary is not the full picture. Performance bonuses at quantitative hedge funds frequently equal or exceed base salary, with total compensation of $300,000 to $800,000 for mid-level quants. Top performers at elite firms can earn $1 million or more. Bank quants receive 20 to 50% bonuses with smaller variance. And on the tax side: montana has a top income tax rate of 5.9% but no state sales tax. Billings has no city income tax. The no sales tax benefit helps offset the state income tax. When someone quotes you $153,000, ask what the total package looks like. The gap between base and total comp is where real money hides.
On negotiation: Negotiate remote work arrangements. Billings employers are increasingly open to remote and hybrid setups to attract talent from larger metros. The range for Quantitative Analysts in Billings runs from $114,000 to $206,000. That is not a narrow window. Where you land inside it depends almost entirely on whether you negotiate and how well you prepare.
Sources: SEC filings, H-1B LCA (DOL), BLS OES, 50+ job posting platforms. COL: BEA Regional Price Parities (2025). Data verified by Justin Bartak, Founder & Chief AI Officer. Last verified April 8, 2026. Full methodology
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- A LLMOps Engineer in Billings earns $152,000 (1% less)
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Common questions.
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