Salary Overview
Based on 2026 market data, Quantitative Analyst professionals in Minneapolis earn competitive salaries adjusted for the area's cost of living index of 104. The salary ranges below reflect current market conditions in the Minneapolis area.
ENTRY LEVEL
$156,000–$208,000
0-2 years
MID LEVEL
$208,000–$270,400
2-6 years
SENIOR LEVEL
$270,400–$312,000
6+ years
Salary Comparison: National vs. Minneapolis
Compare how Minneapolis salaries stack up against national averages. The adjustment factor reflects the local cost of living.
| Experience Level | National Average | Minneapolis Adjusted | Difference |
|---|---|---|---|
| Junior Quant | $150,000–$200,000 | $156,000–$208,000 | +4% |
| Quantitative Analyst | $200,000–$260,000 | $208,000–$270,400 | +4% |
| Senior Quant | $260,000–$300,000 | $270,400–$312,000 | +4% |
Cost of Living Context
Minneapolis has a cost of living index of 104 (where 100 is the national average). This means:
- •Living expenses are 4% higher than the national average
- •Housing, food, transportation, and utilities are noticeably more expensive
- •Higher salaries are necessary to maintain the same purchasing power
- •Take-home purchasing power may be similar to lower-cost areas with lower salaries
When evaluating job offers, consider both the salary amount and the cost of living. A $120,000 salary in Minneapolis may provide more purchasing power than a $140,000 salary in a high-cost tech hub, depending on your lifestyle and location.
Skills That Command Premium Pay
Developing these in-demand skills can increase your earning potential as a Quantitative Analyst by 15-30%:
- 1Mathematics
- 2Statistics
- 3Python
- 4Financial Modeling
- 5Risk Analysis
Career Progression & Salary Growth
Track typical salary growth as you advance in your Quantitative Analyst career in Minneapolis:
Junior Quant
0-2 years
$156,000–$208,000 annually
Entry point for Quantitative Analyst positions. Focus on building foundational skills and industry experience.
Quantitative Analyst
2-6 years
$208,000–$270,400 annually
Growth of 33% from entry level. Expected with increased expertise and leadership.
Senior Quant
6+ years
$270,400–$312,000 annually
Growth of 30% from mid level. Peak earning potential with mastery and strategic leadership.
Common Benefits & Perks
Beyond base salary, Quantitative Analyst professionals in Minneapolis typically receive comprehensive benefits packages:
- ✓Health insurance (medical, dental, vision)
- ✓401(k) matching (typically 3-6%)
- ✓Paid time off (15-25 days annually)
- ✓Remote work options
- ✓Professional development budget
- ✓Performance bonuses (10-20% of base)
Compare Quantitative Analyst Salary in Other Cities
Explore how Quantitative Analyst salaries differ across major U.S. cities:
Related Salary Guides in Minneapolis
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Frequently Asked Questions
What is the average Quantitative Analyst salary in Minneapolis?
How does Minneapolis's cost of living affect Quantitative Analyst salaries?
What skills can increase Quantitative Analyst earnings in Minneapolis?
What is the typical career progression for a Quantitative Analyst?
How does Quantitative Analyst salary in Minneapolis compare to other cities?
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