Understanding Quantitative Analyst Salaries in the UK

If you are looking for a quantitative analyst salary in the UK, you may find it challenging to pin down an exact figure from official sources. The Office for National Statistics (ONS) publishes detailed earnings data through the Annual Survey of Hours and Earnings (ASHE), but it does not list 'quantitative analyst' as a separate occupation. Instead, roles such as financial analysts (SOC 2431) or actuaries, economists and statisticians (SOC 2421) are the closest matches. This article explains how to use the available data to estimate your pay, convert hourly rates to annual salary, and understand the UK wage landscape.

What the Official Data Shows

The latest ONS ASHE release (April 2025) gives the median gross annual earnings for full-time UK employees as £39,039. Based on a standard 37.5-hour working week, this equates to roughly £20.02 per hour. The median hourly earnings (excluding overtime) for full-time employees were £19.67. These figures provide a useful benchmark, but quantitative analysts typically earn significantly more, especially in the financial services sector.

For context, the National Living Wage (NLW) for employees aged 21 and over was £12.21 per hour from April 2025. This is the legal minimum, and most professional roles pay well above it. The ONS also defines low-paid jobs as those paying below two-thirds of median hourly earnings (about £11.39 in April 2024) and high-paid jobs as those above 1.5 times the median (about £25.63 in April 2024). Quantitative analysts almost always fall into the high-paid category.

Converting Hourly Rates to Annual Salary

When you see an hourly rate for a quantitative analyst role, you can convert it to an annual salary using a simple formula:

Annual salary ≈ hourly rate × hours per week × 52

For a typical full-time contract of 37.5 hours per week, multiply your hourly rate by 1,950 (37.5 × 52). For example:

• £25 per hour → £48,750 per year
• £35 per hour → £68,250 per year
• £50 per hour → £97,500 per year

This conversion assumes a steady weekly schedule with no unpaid overtime. Many quantitative analysts also receive bonuses, which are not captured in the hourly rate. Always check your contract for overtime rules and London weighting.

London Weighting and Sector Variations

Quantitative analyst salaries vary significantly by location and industry. In London, employers often add a 'London weighting' to base pay. For example, NHS Employers' 2026/27 pay scales include a High Cost Area Supplement (HCAS) of 20% of basic salary for inner London (subject to caps). While the NHS is not typical for quantitative analysts, the principle applies across many sectors. Financial hubs like Canary Wharf and the City of London command higher pay to offset living costs.

Using Our Tools to Estimate Your Pay

To quickly convert an hourly rate to annual or monthly salary, use our Hourly to Salary calculator. You can also explore salary articles for more guidance on UK pay benchmarks and negotiation tips. For a broader view of earnings by occupation, visit our salary data page.

Caveats and Important Notes

The figures in this article are based on official ONS and GOV.UK data, but no precise 'quantitative analyst salary' is available from the search results. The median UK full-time salary of £39,039 is a general benchmark, not a target for this role. Actual pay depends on your experience, qualifications, employer, and contractual terms. Bonuses, profit sharing, and benefits like pension contributions are not included in hourly rate conversions.

Always refer to your employment contract and official guidance from GOV.UK for the latest National Minimum Wage and National Living Wage rates. For occupation-specific data, consider using the ONS ASHE occupation lookup tool (not linked here) with relevant SOC codes.

Summary

While a precise quantitative analyst salary is not published by ONS, you can estimate your annual pay by multiplying your hourly rate by 1,950 (for a 37.5-hour week). The UK median full-time salary of £39,039 and the NLW of £12.21 per hour provide context. For accurate conversions and comparisons, use our hourly calculator and explore topics related to UK earnings.