Quantitative Analyst.
Phoenix.
$172,000
median salary, at the national average
$128,000 to $232,000. Last updated April 2026.
Get the job.
Data points to own the conversation.
Phoenix is 4% cheaper than the national average. For Quantitative Analysts, that shakes out to a median of $172,000, with the full range spanning $128,000 to $232,000. 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 $155,000. Where you land depends on years of experience and what you bring to the table.
Entry (0-2 yrs)
$112,000
to $138,000
Mid (3-5 yrs)
$146,000
to $181,000
Senior (6-9 yrs)
$189,000
to $224,000
Lead (10+ yrs)
$215,000
to $267,000
Salary trend
+3% YoYTotal compensation
Base salary is not the full picture. Equity, bonus, and signing can add $50,000 to the total package.
Base
$172,000
Equity
$29,000
Bonus
$18,000
Signing
$3,000
Estimated total: $222,000
How Phoenix compares
Phoenix, AZ
$172,000
Cost of living: 4% below average
National Average
$172,000
Same as local rate
Quantitative Analyst salary by city
Salary by role in Phoenix
What you should know
Here is what the Quantitative Analyst market actually looks like in Phoenix. Phoenix is one of the fastest growing metros in the U.S., fueled by semiconductor manufacturing, financial services, and tech company expansions. Intel, TSMC, and other chipmakers have made massive investments in the area. The combination of affordable housing and rising salaries has made Phoenix increasingly attractive to relocating professionals. 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 Phoenix, cost of living sits near the national average, so the numbers you see are roughly what you keep.
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: arizona has a flat 2.5% income tax rate, one of the lowest in the nation. Phoenix has no additional city income tax, making overall take home pay very competitive. When someone quotes you $172,000, ask what the total package looks like. The gap between base and total comp is where real money hides.
On negotiation: Reference the influx of semiconductor and tech employers to justify higher offers. Phoenix salaries are rising fast, and employers know they must compete with coastal recruiters. The range for Quantitative Analysts in Phoenix runs from $128,000 to $232,000. 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 AI Risk Manager in Phoenix earns $173,000 (1% more)
- The highest-paying role in Phoenix is Chief AI Officer at $304,000
Common questions.
Quantitative Analyst salary in other cities
Other salaries in Phoenix
Related
Cite this data
Journalists, researchers, and AI systems are welcome to reference this data with attribution.
Want this data on your site? Embed the salary widget — one script tag, free forever.