Quantitative Analyst.
Salt Lake City.
$169,000
median salary, 2% below the national average
$125,000 to $227,000. Updated for 2026.
The numbers.
Everything you need to negotiate with confidence.
A Quantitative Analyst in Salt Lake City earns a median of $169,000 in 2026. That is 2% below the national average. The range runs from $125,000 to $227,000, and where you land depends on your experience, your skills, and how well you negotiate. Firm type and strategy alpha generation are the primary pay determinants.
Salary range
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How Salt Lake City compares
Salt Lake City, UT
$169,000
Cost of living: 2% below average
National Average
$172,000
Salt Lake City is $3,000 below
What you should know
The Quantitative Analyst landscape in Salt Lake City is not what most salary sites will tell you. Salt Lake City anchors the Silicon Slopes tech corridor, home to companies like Qualtrics, Pluralsight, and Domo. The region has attracted significant venture investment and tech relocations. Utah's business friendly environment, young educated workforce, and outdoor lifestyle make it a rising destination for tech professionals seeking affordability without sacrificing career growth. 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 Salt Lake City, 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: utah has a flat 4.65% state income tax. Salt Lake City imposes no additional city income tax. The moderate rate combined with affordable living costs results in strong net compensation. When someone quotes you $169,000, ask what the total package looks like. The gap between base and total comp is where real money hides.
On negotiation: Reference Silicon Slopes growth when negotiating. Local employers are increasingly matching 85 to 95% of Seattle or Bay Area salaries to compete for tech talent. The range for Quantitative Analysts in Salt Lake City runs from $125,000 to $227,000. That is not a narrow window. Where you land inside it depends almost entirely on whether you negotiate and how well you prepare.
Top industries in Salt Lake City
Negotiating in Salt Lake City
Reference Silicon Slopes growth when negotiating. Local employers are increasingly matching 85 to 95% of Seattle or Bay Area salaries to compete for tech talent.