As of August 01, 2026, the average salary for a Quantitative Software Engineer in Park Ridge, IL is $116,929 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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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, skills 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 | $113,969 |
| Intermediate Level Quantitative Software Engineer | $114,413 |
| Senior Level Quantitative Software Engineer | $115,893 |
| Specialist Level Quantitative Software Engineer | $117,669 |
| Expert Level Quantitative Software Engineer | $120,479 |
What Am I Worth?
Demanded Skills for the Role:
| Skills | Demand Percentage |
|---|---|
| Confidentiality | 9.82% |
| Phlebotomy | 5.95% |
| Payroll Processing | 5.06% |
| Skill | Salary | Salary % Increase |
|---|---|---|
|
Initiative
|
$128,622 |
10%
|
|
Business Administration
|
$127,452 |
9%
|
|
Economics
|
$126,283 |
8%
|
|
Oral Communication
|
$125,114 |
7%
|
|
Staff Development
|
$125,114 |
7%
|
|
Coordination
|
$121,606 |
4%
|
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 | $140,315 | $67.0 | 20% |
| Healthcare | $122,775 | $59.0 | 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.
Last Updated on August 01, 2026Ready 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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