How Much Does a Quantitative Risk Analyst Make in Illinois?

Updated March 01, 2025
As of March 01, 2025, the average annual pay of Quantitative Risk Analyst in Illinois is $106,075. While Salary.com is seeing that Quantitative Risk Analyst salary in IL can go up to $132,338 or down to $79,373, but most earn between $92,098 and $119,822. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, and your experience levels. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
25% $92,098 10% $79,373 90% $132,338 75% $119,822 $106,075 50%(Median)
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Similar Job Salaries to Quantitative Risk Analyst by Company

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Company average base salary in (usd) range
Intercontinental Exchange Holdings, Inc.
Quantitative Risk Management Analyst
$95,561/yr
$82,286
$108,835
RANGE: $82,286 - $108,835
Selby Jennings
Quantitative Risk Modeling Expert
$106,297/yr
$91,961
$120,633
RANGE: $91,961 - $120,633
Allstate
Intermediate Quantitative Analyst
$126,433/yr
$105,243
$147,624
RANGE: $105,243 - $147,624
Wolverine Trading
Quantitative Trading Analyst
$107,043/yr
$92,943
$121,144
RANGE: $92,943 - $121,144
Allstate Insurance
Intermediate Quantitative Analyst
$126,433/yr
$105,243
$147,624
RANGE: $105,243 - $147,624
iAppsData Inc
Quantitative Risk Analyst
$118,878/yr
$102,836
$134,919
RANGE: $102,836 - $134,919
Aflac
AVP, Quantitative Risk Analyst
$183,443/yr
$153,332
$213,554
RANGE: $153,332 - $213,554
Aflac
Assoc Quantitative Risk Analyst
$117,449/yr
$100,000
$134,898
RANGE: $100,000 - $134,898
Quanta Search
Quantitative Risk Analyst
$121,364/yr
$104,996
$137,732
RANGE: $104,996 - $137,732

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Top 10 Highest Paying Cities For Quantitative Risk Analyst Jobs in Illinois

It is important to understand how location impacts your career prospects in the United States. There are some cities where a Quantitative Risk Analyst can find a job easily with a greater salary paid then achieve a higher standard of living. Below is the top cities list for Quantitative Risk Analyst job salaries in Illinois. Some cities can pay higher salaries for Quantitative Risk Analyst jobs, which can indicate that there is a large demand for Quantitative Risk Analyst positions in this city.
The following table shows top 10 cities where the Quantitative Risk Analyst salary is higher than other cities in Illinois. Chicago takes first place in this list, followed by Cicero, Evanston. The Quantitative Risk Analyst salary is $108,770 in Chicago, which is higher than the national average. There are 20 cities' Quantitative Risk Analyst salary higher than national average in Illinois.
The average salary for a Quantitative Risk Analyst in Illinois is $106,075, but we found that the city with the highest salary for Quantitative Risk Analyst jobs is Chicago, IL, and it is higher than Cicero. Quantitative Risk Analyst jobs in Chicago can have the opportunity to earn higher salaries than in other cities in Illinois.
CITY ANNUAL SALARY MONTHLY PAY WEEKLY PAY HOURLY WAGE
Chicago $108,770 $9,064 $2,092 $52
Cicero $108,770 $9,064 $2,092 $52
Evanston $108,770 $9,064 $2,092 $52
Oak Park $108,770 $9,064 $2,092 $52
Skokie $108,770 $9,064 $2,092 $52
Oak Lawn $108,667 $9,056 $2,090 $52
Des Plaines $108,459 $9,038 $2,086 $52
Mount Prospect $108,356 $9,030 $2,084 $52
Aurora $107,837 $8,986 $2,074 $52
Hoffman Estates $107,837 $8,986 $2,074 $52

What Does a Quantitative Risk Analyst Do?

This is to help them find candidates that can effectively carry out the obligations, purpose, and objectives of the quantitative risk analyst role that will be assigned to them.
Updated December 15, 2021
This post is equally useful to people who are interested in getting into the quantitative risk analyst career to increase their knowledge of what the job entails.
Updated December 14, 2021
Offene Stellen für eine Beschäftigung als Quantitative Risk Analyst gibt es in mehreren Städten in der Nähe von Deutschland, darunter.
Updated October 31, 2021
The quantitative risk analyst work description also involves researching and collecting data relevant to stress testing and financial risk analysis.
Updated October 27, 2021
In addition to education, individuals looking to work as a quantitative risk analyst must also possess advance computer and statistical skills for analysis.
Updated October 10, 2021

Frequently Asked Questions About a Quantitative Risk Analyst Salaries

What is the average of a Quantitative Risk Analyst in Illinois?

The Quantitative Risk Analyst salary range is from $92,098 to $119,822, and the average Quantitative Risk Analyst salary is $106,075/year in Illinois. The Quantitative Risk Analyst's salary will change in different locations.

Which location pays the highest Quantitative Risk Analyst salary in the United States?

The Quantitative Risk Analyst salary in San Jose, CA is $130,131 which is the highest in the US.

What kinds of reasons will influence the Quantitative Risk Analyst's salary?

Besides the location, employees' education degree, related skills, and work experience also will influence the salary. Try to improve your skills and experience to get a higher salary for the position of Quantitative Risk Analyst.

What is the growth rate of the Quantitative Risk Analyst's salary?

If you are thinking of becoming a Quantitative Risk Analyst or planning the next step in your career, find the detailed salary report of a Quantitative Risk Analyst.