Quantitative analyst vs data scientist salary The ML engineers are real data scientists doing hard AI work but most data scientists do data manipulation in SQL and run a quick regression using a pre built python package. Whilst Data Science seems more statistics, python, SQL. In this article, we went through in depth description of Data Scientist Vs Business Analyst. Having been in analytics for 5 years doing ETL, BI, Data Transformation work, I’ve learned that a lot of DS work is bullshit. How do we gai Mar 28, 2025 · In contrast, data scientists are more technical and have an academic background in computer science and data analysis. 6 Lakhs to ₹ 37. The BLS reported a median salary of $83,640 for data analysts in 2023. Depends on where you are (e. Dec 6, 2023 · Higher Salary: Quants often earn significantly more than data analysts. Data Scientist Salary. Visit PayScale to research quantitative analyst salaries by city, experience, skill, employer and more. 4 Lakhs per year. data scientists to determine which profession is better. com in its “50 Best Jobs in America for 2021” report finds an even more drastic difference in salaries between the roles with the data scientist median base salary at $113,736 and data analysts at $70,000. Quantitative Analyst make an average of R 6 300 000 / year in South Africa, or R 3 231 / hr. The typical mid-career data scientist salary is $123,000 while the typical mid-career quantitative analyst makes about $139,000. 5 LPA in India. Both roles require a strong foundation in Mathematics, statistics, and programming. Furthermore, we described the skills required for the job and the salary earned by the data scientists and business Jul 3, 2024 · According to Glassdoor, a data scientist’s salary in Johannesburg, South Africa, ranges between ZAR4L and ZAR7L per annum, while Pay scale notes an average of ZAR3L and ZAR3. From a career growth point of view, both job profiles offer many opportunities. According to Jobted UK, the average salary for an actuary in the UK is £51,500 and can range from £35,940 to £174,300 based on the level of experience and qualifications the individual has. The mean annual data scientist salary was $103,930 in 2020, according to the Bureau of Labor Statistics (BLS). Quants definitely make more money, but not hundreds of thousands of dollars more, and it may be that data Jul 8, 2020 · Quantitative analysts and data scientists fill similar roles within organizations looking to mine valuable insights from data. Data analysts earn less than data scientists. data scientist wars when it comes to salary. You can also ensure your interests align with a data scientist's responsibilities for a satisfactory career experience. Apr 6, 2025 · The average salary for a Data Engineer in South Africa is R458,901 in 2025. Data science often requires more advanced study (including potentially a master's or Ph. Here is a detailed соmparisоn оf rоles and responsibilities: Data Sсientist. Data Scientists. Quants tend to work in investment banks and hedge funds, although some work for insurance companies The estimated total pay for a Quantitative Analyst Data Scientist is $192,367 per year, with an average salary of $138,707 per year. data scientist: Uncover differences and benefits in a rewarding world of data. Quantitative analysts earn an average salary of $113,816 per year, while data scientists earn an average salary of $118,822 per year. They are both giving me the same base salary but I am curious about what others think of the opportunities and potential career path (especially the Quantitative Analyst path/seniority levels). These numbers represent the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. To explore a career in data analytics or data science, it is essential to understand the career opportunities and paths available . The main difference between the two is how they work with the information. According to PayScale, here is the annual salary comparison between the Data Analysts and Data Scientists: Data Scientist Salary vs Data Analyst Salary: data science typically means people who can do all that analysts can do I see what you're getting at, but phrased this way it's incorrect. However, the salary of a data scientist is significantly higher than that of an analyst. ), whereas data analysis can often be entered with a bachelor’s degree and specific Jan 2, 2025 · Here are some of the highest-paying data analyst jobs and salary in the UK: Quantitative analyst, Data engineer, SQL developer, Business analyst, and data warehouse Mar 1, 2025 · Answer: It is not linear progress that one will start as a Data Analyst and go up to become a Data Scientist but Data Scientist can perform the functions of a Data Analyst. However, starting about 4-6 years out, the salaries and opportunities change. While both roles are integral to unlocking the power of data, there are distinct differences in their responsibilities, skill sets, and ultimately, their earning potential. The highest potential salary for a data analyst is in North Aug 18, 2024 · Key differences between data analysts and data scientists; Salary, job outlook and other considerations; Tips for starting a career in either field; By the end of this guide examining data analysts vs. Whereas, a Data Scientist earns an annual income of $117,345/yr. American football: National Football League (NFL) Senior Data Scientist Salary The average National Football League (NFL) Senior Data Scientist earns an estimated $140,631 annually, which includes an estimated base salary of $119,294 with a $21,337 bonus. Personally for trading I prefer data science students over statistics. Here is a bit about the companies: Company A: Role: Data scientist $10,000 signing bonus (repaid if leaving the company after 2 years) Oct 5, 2022 · Salary. Mar 26, 2025 · Because of this, the BLS expects job prospects to be excellent. We understood their definitions, roles and responsibilities. I’m a execution trader at a quant HF where the researchers are the ones generating signals and therefore eligible for P&L sharing and the highest compensation. Data analysts have strong quantitative Business impact of Data Analysts vs Data Scientists Oct 6, 2022 · Data analysts can earn an average salary of $75,765 per year, while quantitative analysts can earn an average salary of $113,816 per year. Data Analyst vs. Jan 10, 2025 · US-based salary ranges by title. financial analyst is different from a BI analyst, etc. Data Scientist: Salary The debate between data analysts and data scientists often boils down to one key factor - salary. Apr 14, 2025 · The average salary for a Quantitative Analyst in South Africa is R513,010 in 2025. Jul 27, 2023 · Data analyst vs. The typical salary range for a Data Analyst might start from around £31,750 and can go up to about £55,000 in the UK. While data analysts earn attractive pay for handling and interpreting data, data scientists typically receive higher compensation due to their advanced Jan 26, 2024 · The table below summarizes the salary trends for a data analyst and a data scientist by level. Analysts compare statistical data to identify trends and patterns, whereas data scientists create frameworks and data modelling to capture data. Introduction. Apr 20, 2025 · Quantitative analysts, or quants, use complex mathematical models to price and trade securities. Try Talent. The variance depends on factors such as industry, location, and level of expertise. What Does a Data Scientist Earn? According to Indeed, data scientists have an annual salary of up to $123,842. 1. These trends are for both the role of an individual contributor and a manager. A Data Sсientist leverages maсhine learning algоrithms and prediсtive mоdels tо unсоver insights and patterns in large, соmplex datasets. Impact : Quants play a crucial role in financial decision-making, which can have significant impacts on their organizations. Data scientists and quantitative analysts have similar jobs: both use data and analytics to solve complex business problems. 6 INR and goes up to 25. Data Science. The skillset isn't straightforward swap. I was wondering if the skills are transferable and what people's thoughts are on the better career path? My current plan is do a data science bootcamp (I know they are a rip off), and am applying for quantitative finance masters for the following year. May 7, 2024 · 2. They also liaise with business managers, leaders, and stakeholders, especially when communicating key results or findings. Glassdoor. Many young individuals depend on their salaries and compare the salaries of data analysts vs. Challenging Work : Quants tackle complex problems and develop sophisticated models, which can be intellectually stimulating. Quantitative Analytics vs. 0 lakh INR. g. However, a data scientist’s starting salary may be lower than the average. Quantitative analysts and data scientists work with data. Yeah this is really crucial difference. ), but product analysts often have product intuition and domain knowledge that data scientists typically don't. Your degree will only get you the interview. #dataskills #datascience #dataanalyticsData skills are very important skills whether you are a medical doctor, an Economist or a civil servant. Some people are fine just crunching numbers, working in excel and creating pretty dashboards for decent pay because hockey is their passion. Data Scientist Salary: Data Scientists are highly paid because of their unique skills. com's salary tool and search thousands of salaries in your industry. I've seen quant research jobs for a lot of finance companies. In this Data Analyst vs Data Scientist tutorial, we explained the differences between a data analyst and a data scientist. Mar 14, 2024 · Each job has different responsibilities and duties. Data Analyst I am a bit of confused whether I should pursue Data Scientist or Quantitative Analyst as my future career plan. Still stay in TECH industry, but try to be machine learning engineer or data scientist that could combine my interest in coding and math. Summary. Rule of thumb is higher risk / higher reward based on how close you are to alpha generation and monetization. Oct 14, 2023 · Salary In general, both roles offer competitive salaries, Data Scientists and Quantitative Analysts are distinct yet overlapping career paths. From a survey carried out by Glassdoor, the average salary in the UK for a quantitative analyst is £81,000. Mar 9, 2020 · The reality is that no one is winning the quantitative analyst vs. There is no standard quantitative analyst job description, and their day-to-day may vary depending on where they work. Preferred salary and work environment Data scientists and data analysts have similar work environments. Apr 11, 2025 · Data analyst vs data scientist The job titles data analyst vs data scientist may seem interchangeable to those outside of the industry, but actually, these two roles are very different. I'm okay to stay at NYC or jump to west coast. The average salary for both positions may vary depending on the size of the company at which you work, location of your job and the level of experience you have prior to pursuing either position. This ranges from £47,000 to £141,000 Data Scientist vs Data Analyst – which role are you choosing? Firstly, consider how much time and resources you are willing to invest in education and training. It typically takes 2-4 years to become both a quantitative analyst and a data scientist. Feb 28, 2023 · Summary: This article explores the key differences between Data Analysts and Data Scientists, focusing on roles, tools, salaries, and career prospects. 5L for data analysts. If you’re an aspiring professional in the technological world and love to play with numbers and codes, you have two career paths- Data Analyst and Data Scientist. According to the 2020 BLS data, operations research analysts earned a median wage of $86,200 while people with data science and mathematical occupations earned a median annual wage of $98,230 per year . data scientists, you will understand the distinct day-to-day work, skillsets, qualifications and trajectories of these two critical data Nov 21, 2023 · A data analyst earns an average salary of $65,630 per year. In general, quantitative analysts apply scientific methods to finance and discover new ways of viewing and analyzing this type of data. Putting the brand names aside, I want to know which field has a better long-term situation, I have heard people talking about DS going downward as AI blooms and Quant has higher salaries (maybe these infos are not accurate). Working in quantitative finance, as a quant analyst, quant dev, quant researcher, or trader Working anywhere besides quant finance, as a data scientist. We would like to show you a description here but the site won’t allow us. In the United States, the average salary for a data scientist is $145,037 per year. Is that really all the difference between the two? Is a quant researcher just a data scientist working with financial and time series data? If not, what exactly does a quant researcher do? Should have clarified this is probably for a data scientist vs a Sr. Quantitative analysts focus on financial data, while data scientists work with all types of data. Jan 8, 2025 · A comprehensive comparison of Quantitative Analysts vs. Feb 13, 2023 · Related: What Does a Principal Data Scientist Do? Quantitative Analyst vs. 0 , and the average salary for a Data Scientists annual salary of ₹ 14. The Data Scientist’s salary starts from 3. The major difference in their jobs is what they do with the data. At the end of the day the only thing that matters is how much you know and how well you interview, if you get past the initial resume screen, an MS in data science is viewed as a stat + CS guy and their interview questions will revolve around those topics (more so in ML). Please note that salary data may have changed slightly since this article was pulished. #1 is my very first option and what I would like to do and #2 is more so of a backup. Both DS and DA will usually be less hours than finance. Conclusion. Jan 23, 2024 · This is the result of numerous factors including the more technical skill set of data scientists, the tendency of people in data science to further specialize and thus acquire rarer technical skills, and the reality that some data analysts go on to become data scientists, skewing the data analyst information to potentially include a higher Apr 18, 2025 · Salary and Career Growth Data Analysts earn 6 LPA on average, while the mean salary of a Data Scientist is 10. Understanding the differences can help aspiring What is the salary difference between a data scientist and a data analyst? According to the BLS, data scientists earned a median salary of $108,020 in 2023. Jan 26, 2024 · The table below summarizes the salary trends for a data analyst and a data scientist by level. In the first few years, data science will often be equal or have the edge in salary, and data analytics about the same but a little lower in salary. Mar 18, 2025 · Based on recent surveys, the average salary for a Data Scientist in the United States can range from approximately $110,000 to $130,000 per year, whereas Data Analysts typically earn between $70,000 and $90,000 annually. Jan 19, 2023 · Salary of a Quantitative Analysts and Data Scientists As per Ambitionbox, people working as Quantitative Analysts draw an average salary of ₹ 2. I feel like for quant research, you need much more math than typical data scientist to be successful though. A quantitative or data analyst studies large sets of data and identifies trends, develops data charges, and creates presentations visually to help companies make strategic decisions. On the trading desk, we manage risk intraday and exercise some level of discretion in semi-systematic books, s Dec 6, 2023 · Yes, it is possible for a data scientist to transition into a quantitative analyst role, often referred to as a "quant". Quantitative analysts and data scientists both work with data, but they have different roles. Furthermore, in today’s professional world, the demand for skilled data scientists is considerably higher than that of actuaries. However, there are certain specific skills, educational qualifications, and experiences that are typically required to become a quant Apr 8, 2024 · In carrying out their duties, data scientists interact with other data-focused professionals including data analysts, data engineers, and data architects. Quantitative Analysts (QA) and Data Scientists (DS) are two highly sought-after professions in the world of analytics. These levels also give a high-level overview of how the career paths of a data analyst and a data scientist can evolve. The salary for a data scientist varies depending on the level of education, amount of experience, geographic location, specific industry and job market demand. Both jobs require a strong foundation in mathematics, statistics, and computer programming. The average salary range for a Data Analyst is $50,000-$220,000. The median Quantitative Researcher salary is $200,000. Entry-level Data Scientists will be paid anywhere from ₹8 to ₹23 lakhs per annum. Explore the difference between Quantitative Analysts and Data Scientists in their roles, responsibilities, skills, salary, and career growth opportunities. Dean, Porto Business School | Speaker | Digital strategy 1y Edited Report this post The question is whether it’s worth all of this effort - many hockey teams for example do have data scientists/analysts but they’re not driving the decision-making. Data Scientist: Career Path. Skill sets between data science and quant finance do overlap, but there are also differences, like C++ & stochastic calculus for certain areas in quant finance. Visit PayScale to research data engineer salaries by city, experience, skill, employer and more. D. Usually, they don't sound that different from a data scientist role, except focused on time series. Eventually I could become a SDE/DS manager (if I want)? Tech industry has lots of openings and still grow quickly. View Quantitative Researcher salaries across top companies broken down by base, stock, and bonus. Although Actuarial Science is in high demand with many benefits, Data Science, a much newer professional field, offers an increasing amount of potential for better career growth. Their main duties and responsibilities include: Salary Comparison: Data Analyst vs Data Scientist The salary ranges for data analysts and data scientists reflect the differing levels of expertise and responsibilities required in each role. Dec 16, 2021 · A data analyst vs data scientist salary is often pretty similar. Dec 20, 2024 · Entry-Level Data Scientist Salary: According to Glassdoor data available at the time of this writting, the typical entry-level data scientist salary ranged from \$88,000 to \$161,000 annually. Key Responsibilities: Collecting and cleaning large datasets Nov 13, 2023 · Data Scientist Salary. Dec 23, 2024 · Strong problem-solving skills are also essential for a Data Scientist in order to obtain meaningful insights from data. Apr 8, 2024 · Data Sсientist vs Data Analyst vs Data Engineer: Rоles And Respоnsibilities. Additionally, a data scientist has an average salary of $106,104, which is higher than the $101,197 average annual salary of a quantitative analyst. vhybcvdqmajfrbglfawbqxnduihygcyurkfhpdgnpocvfnxaqpgugacoxmoobtelzwksvzxzj