Quantitative Analyst.
Fargo.
$142,000
median salary, 17% below the national average
$106,000 to $191,000. Last updated April 2026.
Get the job.
Data points to own the conversation.
Fargo is 15% cheaper than the national average. For Quantitative Analysts, that shakes out to a median of $142,000, with the full range spanning $106,000 to $191,000. Firm type and strategy alpha generation are the primary pay determinants. Know the range before you walk in.
Salary range
Where do you fall?
Salary by experience
The gap between entry and lead level is typically $128,000. Where you land depends on years of experience and what you bring to the table.
Entry (0-2 yrs)
$92,000
to $114,000
Mid (3-5 yrs)
$121,000
to $149,000
Senior (6-9 yrs)
$156,000
to $185,000
Lead (10+ yrs)
$178,000
to $220,000
Salary trend
+3% YoYTotal compensation
Base salary is not the full picture. Equity, bonus, and signing can add $42,000 to the total package.
Base
$142,000
Equity
$24,000
Bonus
$15,000
Signing
$3,000
Estimated total: $184,000
How Fargo compares
Fargo, ND
$142,000
Cost of living: 15% below average
National Average
$172,000
Fargo is $30,000 below
Quantitative Analyst salary by city
Salary by role in Fargo
What you should know
Here is what the Quantitative Analyst market actually looks like in Fargo. Fargo has a surprisingly strong technology sector, home to companies like Microsoft's campus and a growing startup ecosystem tied to North Dakota State University. The city's extremely low cost of living and emerging tech scene make it an increasingly attractive option for professionals seeking affordability. 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 Fargo, your dollars stretch further. Cost of living runs 15% 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: north Dakota has a very low income tax with a top rate of just 2.5%. Fargo has no city income tax. The minimal tax burden combined with low living costs creates excellent take home pay. When someone quotes you $142,000, ask what the total package looks like. The gap between base and total comp is where real money hides.
On negotiation: Highlight willingness to work on site. Fargo tech employers struggle to recruit talent to the region and reward candidates who commit to living locally. The range for Quantitative Analysts in Fargo runs from $106,000 to $191,000. 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
Considering a related role?
- A Cybersecurity Engineer in Fargo earns $141,000 (1% less)
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Common questions.
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