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As of August 01, 2026, the average salary for a Quantitative Software Engineer in Illinois is $115,647 per year, which breaks down to an hourly rate of $56.
However, a Quantitative Software Engineer's salary can vary significantly. Here’s a look at the typical salary range:
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Quantitative Software Engineer Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $125,862 | $10,489 | $2,420 | $61 |
| Average | $115,647 | $9,637 | $2,224 | $56 |
| 25th Percentile | $105,109 | $8,759 | $2,021 | $51 |
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A Quantitative Software Engineer's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location and company size can directly affect your earning potential.
Experience is a primary driver of a Quantitative Software Engineer's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here’s how the average salary grows at different career stages:
| Levels | Salary |
|---|---|
| Entry Level Quantitative Software Engineer | $112,720 |
| Intermediate Level Quantitative Software Engineer | $113,159 |
| Senior Level Quantitative Software Engineer | $114,622 |
| Specialist Level Quantitative Software Engineer | $116,379 |
| Expert Level Quantitative Software Engineer | $119,158 |
What Am I Worth?
Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Quantitative Software Engineers. For example, consider the average annual salaries in these key locations:
Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:
For Quantitative Software Engineer roles, the industry you choose can impact your earning potential by as much as 45% (the gap between the highest and lowest paying industries). Data shows that the highest-paying industry, Insurance, offers compensation 20% above the average. Conversely, Quantitative Software Engineer positions in Edu., Gov't. & Nonprofit typically offer lower base pay, as this sector often view Quantitative Software Engineer as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Insurance | $138,776 | $67.0 | 20% |
| Healthcare | $121,429 | $58.0 | 5% |
Understanding how a Quantitative Software Engineer's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.
| Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage | |
|---|---|---|---|---|
| 75th Percentile | $125,862 | $10,489 | $2,420 | $61 |
| Average | $115,647 | $9,637 | $2,224 | $56 |
| 25th Percentile | $105,109 | $8,759 | $2,021 | $51 |
Ready to take the next step in your career? Browse thousands of current Quantitative Software Engineer job openings on our job board. Use the search bar below to find your perfect match.
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