Average Salary For Quantitative Analysts In South Africa

Quantitative analysis is the use of mathematical and statistical methods in finance and investment management. Those working in the field are quantitative analysts.

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Below are salaries earned by a Quantitative Analyst Earn In South Africa

Average Base Salary

R493,381 (ZAR)/yr

Average Hourly Rate

R237.20 (ZAR)/hr

Average Bonus

R20,327 (ZAR)/yr

Compensation Data Based on Experience

The average quantitative analyst’s gross salary in South Africa is R493,381 or an equivalent hourly rate of R237. In addition, they earn an average bonus of R20,327. Salary estimates are based on salary survey data collected directly from employers and anonymous employees in South Africa.

An entry-level quantitative analyst (1-3 years of experience) earns an average salary of R352,347. On the other end, a senior-level quantitative analyst (8+ years of experience) earns an average salary of R616,608.

Salary Potential

Estimated Salary in 2026:

R685,549 (ZAR)

5-Year Change:

39 %

Based on our compensation data, the estimated salary potential for Quantitative Analysts will increase by 39 % over 5 years.

Salary based on Education

Less Than HS 0%

High School 0%

Associate 0%

Bachelor 100%

Master 0%

Doctorate 0%

How much do quants earn in South Africa?

Quantitative Analyst in Johannesburg, South Africa Area Salaries

JOB TITLELOCATIONSALARY
Standard Bank Group Quantitative Analyst salaries – 11 salaries reportedJohannesburg, South Africa AreaZAR 551,977/yr
Rand Merchant Bank Quantitative Analyst salaries – 4 salaries reportedJohannesburg, South Africa AreaZAR 863,786/yr

How do I become a quantitative analyst in South Africa?

Steps To Become a Quantitative Analyst

Earn a bachelor’s degree in a finance-related field.

Learn important analytics, statistics, and mathematics skills.

Gain your first entry-level quantitative analyst position.

Consider certification.

Earn a master’s degree in mathematical finance.

What degree do you need to be a quantitative analyst in South Africa?

A long-term career as a quantitative analyst generally requires a graduate degree in a quantitative field such as finance, economics, mathematics, or statistics.

Our quantitative analysts in demand in South Africa?

In the trading world, quantitative analysts are in especially high demand. Risk management is a field of quantitative analysis that has grown in demand and perceived importance since the financial crisis of 2008.

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