The average salary for a Quantitative Analyst (quant) at BNY Mellon is estimated to be $252,408 per year in the United States. This figure reflects the specialized skills and expertise required for quantitative roles within the financial sector.
Understanding BNY Quant Salaries
The compensation for Quantitative Analysts at BNY Mellon stands out significantly compared to the broader average salaries within the company.
- Premium Compensation: A Quantitative Analyst's salary of $252,408 per year is approximately 73% higher than the average BNY Mellon salary, which is estimated at $145,649 per year. This substantial difference underscores the high demand and value placed on quantitative skills in finance.
- Salary Range: While the average is a strong indicator, actual salaries can vary based on factors like experience level, specific job responsibilities, educational background, and geographic location. The total salary range for BNY Mellon Quantitative Analysts is typically available on platforms like Glassdoor, which aggregates salary data from employees.
Factors Influencing Quant Salaries
Several elements contribute to the lucrative compensation packages for quants:
- Specialized Skill Set: Quants possess a unique blend of strong mathematical, statistical, and programming skills, often combined with financial market knowledge.
- Impact on Business: They play a crucial role in developing complex financial models, pricing derivatives, risk management, algorithmic trading, and quantitative research, directly impacting a firm's profitability and risk exposure.
- Educational Background: Many BNY quants hold advanced degrees such as Master's or Ph.Ds in quantitative fields like mathematics, physics, computer science, financial engineering, or statistics.
- Industry Demand: The financial industry consistently seeks top talent in quantitative analysis to navigate increasingly complex markets and regulatory environments.
Salary Overview
Here's a quick look at the average compensation:
| Role | Average Annual Salary (Estimate) | Context |
|---|---|---|
| Quantitative Analyst (BNY) | $252,408 | Specific to Quantitative Analyst roles at BNY Mellon |
| Average BNY Mellon Salary | $145,649 | General average salary across various roles at BNY Mellon, for comparison |
For more detailed and up-to-date salary ranges, including base pay, bonuses, and other compensation components, resources like Glassdoor provide insights derived from employee submissions.
