Average Financial Quantitative Analyst Salary in Novi Sad, Serbia for 2026
In this article, we will look at the average Financial Quantitative Analyst salary for 2026 in Novi Sad and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!
The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.
All salary information is in the local currency, which is the Serbian dinar. To keep things simple, we are using the RSD currency code instead of the currency symbol дин..
How Much Does a Financial Quantitative Analyst Make in Novi Sad?
A Financial Quantitative Analyst working in Novi Sad will typically earn around 2,003,200 RSD per year, and this can range from the lowest average salary of about 922,900 RSD to the highest average salary of 3,192,300 RSD.
These are average salaries for a Financial Quantitative Analyst in Novi Sad and include benefits such as housing and transport. It's also possible for a Financial Quantitative Analyst to earn more or less than the average salaries shown above.
Financial Quantitative Analyst salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.
Distribution of Financial Quantitative Analyst Salaries in Novi Sad
So we've looked at the average salaries a Financial Quantitative Analyst will earn in Novi Sad. The next interesting data point is the distribution of salaries.
Salary ranges
We already know that a Financial Quantitative Analyst can earn between 922,900 RSD and 3,192,300 RSD on average in Novi Sad. This is known as the range in statistics.
The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.
Median salary
The median salary for a Financial Quantitative Analyst in Novi Sad is 2,161,200 RSD. This is the middle value in the distribution of salaries.
What this means is that approximately 50% of the population earn less than 2,161,200 RSD, and 50% of the population earn more than 2,161,200 RSD.
If you are earning more than the median salary, that's a good indicator that you are being paid well.
If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).
Percentiles
Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.
For the average Financial Quantitative Analyst salary in Novi Sad, 25% of the population are earning less than 1,391,600 RSD while 75% of the population earn more than 1,391,600 RSD.
75% of the population earn less than 2,893,600 RSD, and 25% of the population earn more than 2,893,600 RSD.
Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.
The difference between a median and an average salary
The median and average salary are both indicators you can use to see if you are being paid fairly based on the overall population.
- If your salary is higher than the average and the median salary, you are earning well compared to others.
- If your salary is lower than the average and the median salary, it could indicate you are not being paid well enough.
- If you are somewhere in between then it's tricky to determine if you are being paid well enough and you might need to research more closely.
Financial Quantitative Analyst Salary by Experience Level in Novi Sad
The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.
We have researched the average Financial Quantitative Analyst salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.
- 0 - 2 Years Experience. A Financial Quantitative Analyst in Novi Sad that has less than two years of experience can expect to earn somewhere in the region of 1,045,100 RSD.
- 2 - 5 Years Experience. With two to five years of experience the average Financial Quantitative Analyst salary would increase to 1,391,600 RSD.
- 5 - 10 Years Experience. From five to ten years of experience as a Financial Quantitative Analyst, the average salary would be 2,065,400 RSD.
- 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 2,519,500 RSD.
- 15 - 20 Years Experience. A Financial Quantitative Analyst with 15 to 20 years of experience can earn an average of 2,748,900 RSD.
- 20+ Years Experience. For a Financial Quantitative Analyst with more than 20 years, the expected average salary increases to 2,976,900 RSD.
Average Salary by Experience Chart
| 0-2 Years | - | 1,045,100 RSD |
| 2-5 Years | +34% | 1,391,600 RSD |
| 5-10 Years | +48% | 2,065,400 RSD |
| 10-15 Years | +22% | 2,519,500 RSD |
| 15-20 Years | +9% | 2,748,900 RSD |
| 20+ Years | +8% | 2,976,900 RSD |
Financial Quantitative Analyst Salary by Education Level in Novi Sad
As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?
In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.
The salary you can earn based on your education is very specific to both your location and the career path you choose.
In our research, we looked at the average salary for a Financial Quantitative Analyst in Novi Sad based on the education level of the employees in order to find out whether a better education level would increase your salary.
- High School. A Financial Quantitative Analyst in Novi Sad with a high school education can earn an average salary of 1,283,600 RSD.
- Certificate or Diploma. A Financial Quantitative Analyst in Novi Sad with a certificate or diploma education can earn an average salary of 1,510,400 RSD.
- Bachelor's Degree. A Financial Quantitative Analyst in Novi Sad with a bachelor's degree education can earn an average salary of 2,197,700 RSD.
- Master's Degree. A Financial Quantitative Analyst in Novi Sad with a master's degree education can earn an average salary of 2,868,600 RSD.
Average Salary by Education Chart
| High School | - | 1,283,600 RSD |
| Certificate or Diploma | +18% | 1,510,400 RSD |
| Bachelor's Degree | +45% | 2,197,700 RSD |
| Master's Degree | +31% | 2,868,600 RSD |
How Much is a Master's Degree or MBA Program?
The approximate cost of a master's degree or post-graduate program like an MBA in Serbia is around 701,000 to 2,100,000 RSD and takes two years to complete.
As you can see above, there are financial benefits from reaching master's degree level, but don't expect to see much of a salary increase until you have completed the degree.
It's common for people to pursue an MBA or other post-graduate program in order to switch to a a job that pays more. On average, you can expect to earn around 10% more when switching to a new company.
Whether you decide to pursue a master's degree depends on many factors. If you are able to afford it, the numbers suggest that the return on investment is worth it and you could recover the costs in a few years from the salary increase you would receive.
Financial Quantitative Analyst Salary Compared by Gender
In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.
In Novi Sad, a male financial quantitative analyst will earn an average of 2,038,500 RSD, while a female financial quantitative analyst will earn around 1,908,800 RSD.
This means that a male financial quantitative analyst earns approximately 7% more than a female financial quantitative analyst for performing the same job.
Average Salary by Gender Chart in Novi Sad
| Male | - | 2,038,500 RSD |
| Female | -7% | 1,908,800 RSD |
Financial Quantitative Analyst Average Pay Raise in Novi Sad
In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.
From our research, we can see that the average pay raise for a Financial Quantitative Analyst in Novi Sad is around 10% every 20 months.
The national average pay raise across all professions and industries in Serbia is around 7% every 20 months.
In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.
To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:
Annual Increase = ( Increase Rate ÷ Months ) × 12
So for this example, it would be:
Annual Increase = ( 10 ÷ 20 ) × 12 = 6%
What this means is that a Financial Quantitative Analyst in Novi Sad can expect to receive an average pay raise of around 6% every 12 months.
Annual Pay Raise by Industry in Novi Sad for 2026
In the chart below, you can see the average annual pay raise percentages for each of the major industries in Serbia.
You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.
| Banking | - | 4% |
| Energy | - | 8% |
| Information Technology | - | 3% |
| Healthcare | - | 7% |
| Travel | - | 2% |
| Construction | - | 6% |
| Education | - | 1% |
Financial Quantitative Analyst Bonus and Incentive Rates in Novi Sad
Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.
Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.
A Financial Quantitative Analyst is a moderate bonus based job, with 56% of employees reporting at least one bonus in the last 12 months.
44% reported that they had not received any bonuses in the previous 12 months.
For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 2% to 7%.
| Received Bonus | - | 56% |
| No Bonus | - | 44% |
What are the Types of Bonus?
There are a number of difference types of bonus you can receive in a job. Including:
- Individual performance bonus - This is a bonus that is awarded to an individual employee for general performance in the job. It's the most common type of bonus.
- Company performance bonus - This is a bonus that is awarded to a company employees to share profit with the staff.
- Goal based bonus - This is a bonus that is awarded to an individual employee (or a team) for achieving specific goals, objectives, or milestones.
- Holiday bonus - This type of bonus is usually paid around the holidays, often the end of the year, and is a token of appreciation for the hard work throughout the year.
Government vs Private Sector Salaries
Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.
Public sector employees in Serbia earn approximately 15% more than private sector employees in the same role.
| Public Sector | - | 1,800,200 RSD |
| Private Sector | -15% | 1,570,900 RSD |
Salaries for Jobs Similar to a Financial Quantitative Analyst
In the table below, we have salary information for jobs that are similar to a Financial Quantitative Analyst in Novi Sad.
| Job Title | Category | Salary |
|---|---|---|
| Account Examiner | Accounting and Finance | 862,100 RSD |
| Account Executive | Accounting and Finance | 1,417,600 RSD |
| Accountant | Accounting and Finance | 1,065,400 RSD |
| Accounting Analyst | Accounting and Finance | 1,391,600 RSD |
| Accounting Assistant | Accounting and Finance | 825,900 RSD |
| Accounting Associate | Accounting and Finance | 790,300 RSD |
| Accounting Clerk | Accounting and Finance | 684,900 RSD |
| Accounting Coordinator | Accounting and Finance | 1,035,500 RSD |
| Accounting Head | Accounting and Finance | 2,230,100 RSD |
| Accounting Manager | Accounting and Finance | 2,508,300 RSD |
| Accounting Officer | Accounting and Finance | 836,800 RSD |
| Accounting Specialist | Accounting and Finance | 1,510,400 RSD |
| Accounting Supervisor | Accounting and Finance | 1,487,200 RSD |
| Accounting Technician | Accounting and Finance | 812,900 RSD |
| Accounting Unit Controller | Accounting and Finance | 1,882,700 RSD |
| Accounts Executive | Accounting and Finance | 1,487,200 RSD |
| Accounts Officer | Accounting and Finance | 869,400 RSD |
| Accounts Payable Assistant | Accounting and Finance | 931,900 RSD |
| Accounts Payable Associate | Accounting and Finance | 991,000 RSD |
| Accounts Payable Clerk | Accounting and Finance | 869,400 RSD |
| Accounts Payable Manager | Accounting and Finance | 2,290,300 RSD |
| Accounts Payable and Receivable Specialist | Accounting and Finance | 1,105,600 RSD |
| Accounts Receivable Administrator | Accounting and Finance | 1,655,500 RSD |
| Accounts Receivable Clerk | Accounting and Finance | 858,400 RSD |
| Accounts Receivable Financial Analyst | Accounting and Finance | 1,632,100 RSD |
| Accounts Receivable Manager | Accounting and Finance | 2,230,100 RSD |
| Accounts Receivable Team Leader | Accounting and Finance | 1,606,100 RSD |
| Assistant Accountant | Accounting and Finance | 846,500 RSD |
| Assistant Accounting Manager | Accounting and Finance | 2,015,600 RSD |
| Assistant Auditor | Accounting and Finance | 1,178,000 RSD |
| Assistant Corporate Controller | Accounting and Finance | 1,560,800 RSD |
| Assistant Finance Manager | Accounting and Finance | 2,327,100 RSD |
| Assistant Financial Controller | Accounting and Finance | 1,570,900 RSD |
| Audit Director | Accounting and Finance | 2,688,800 RSD |
| Audit Supervisor | Accounting and Finance | 2,026,800 RSD |
| Auditing Clerk | Accounting and Finance | 869,400 RSD |
| Auditing Manager | Accounting and Finance | 2,242,500 RSD |
| Billing Clerk | Accounting and Finance | 862,100 RSD |
| Billing Coordinator | Accounting and Finance | 1,021,800 RSD |
| Billing Specialist | Accounting and Finance | 1,189,900 RSD |
| Billing Supervisor | Accounting and Finance | 1,777,700 RSD |
| Bookkeeper | Accounting and Finance | 761,400 RSD |
| Bookkeeping Specialist | Accounting and Finance | 1,109,200 RSD |
| Budget Analyst | Accounting and Finance | 1,980,600 RSD |
| Budget Manager | Accounting and Finance | 2,352,500 RSD |
| Business Support Analyst | Accounting and Finance | 1,333,900 RSD |
| Capital Markets Associate | Accounting and Finance | 1,728,900 RSD |
| Cash Flow Analyst | Accounting and Finance | 1,703,200 RSD |
| Cash Management Manager | Accounting and Finance | 2,221,600 RSD |
| Cash Management Officer | Accounting and Finance | 1,283,600 RSD |
| Cashbook Clerk | Accounting and Finance | 767,400 RSD |
| Chartered Accountant | Accounting and Finance | 1,417,600 RSD |
| Chief Accountant | Accounting and Finance | 1,594,500 RSD |
| Collections Clerk | Accounting and Finance | 698,200 RSD |
| Collections Representative | Accounting and Finance | 1,012,100 RSD |
| Collections Specialist | Accounting and Finance | 1,212,800 RSD |
| Corporate Controller | Accounting and Finance | 1,811,000 RSD |
| Corporate Treasurer | Accounting and Finance | 2,254,400 RSD |
| Cost Accountant | Accounting and Finance | 1,105,600 RSD |
| Cost Accounting Manager | Accounting and Finance | 2,327,100 RSD |
| Cost Accounting Supervisor | Accounting and Finance | 1,765,300 RSD |
| Cost Analyst | Accounting and Finance | 1,858,200 RSD |
| Credit Controller | Accounting and Finance | 1,570,900 RSD |
| Credit Manager | Accounting and Finance | 2,401,300 RSD |
| Credit and Collection Manager | Accounting and Finance | 2,281,800 RSD |
| Credit and Collection Staff | Accounting and Finance | 882,400 RSD |
| Credit and Loans Officer | Accounting and Finance | 839,500 RSD |
| Debt Adviser | Accounting and Finance | 1,882,700 RSD |
| Debt Collector | Accounting and Finance | 915,100 RSD |
| Debtors Clerk | Accounting and Finance | 810,400 RSD |
| Debtors Controller | Accounting and Finance | 836,800 RSD |
| Deputy CFO | Accounting and Finance | 3,085,500 RSD |
| Deputy Head of Finance | Accounting and Finance | 3,035,200 RSD |
| Derivative Trader | Accounting and Finance | 1,858,200 RSD |
| Director of Finance | Accounting and Finance | 3,263,500 RSD |
| Economist | Accounting and Finance | 2,566,100 RSD |
| Equity Analyst | Accounting and Finance | 2,076,600 RSD |
| Escrow Assistant | Accounting and Finance | 1,021,800 RSD |
| Executive Accountant | Accounting and Finance | 1,259,300 RSD |
| External Auditor | Accounting and Finance | 1,655,500 RSD |
| Finance Administrator | Accounting and Finance | 1,259,300 RSD |
| Finance Analyst | Accounting and Finance | 2,026,800 RSD |
| Finance Associate | Accounting and Finance | 934,900 RSD |
| Finance Director | Accounting and Finance | 3,481,100 RSD |
| Finance Executive | Accounting and Finance | 2,508,300 RSD |
| Finance Licensing Clerk | Accounting and Finance | 780,700 RSD |
| Finance Licensing Manager | Accounting and Finance | 2,266,400 RSD |
| Finance Licensing Specialist | Accounting and Finance | 1,273,300 RSD |
| Finance Manager | Accounting and Finance | 3,288,400 RSD |
| Finance Officer | Accounting and Finance | 1,134,500 RSD |
| Finance President | Accounting and Finance | 3,469,900 RSD |
| Finance Relationship Manager | Accounting and Finance | 2,566,100 RSD |
| Finance Release Analyst | Accounting and Finance | 1,333,900 RSD |
| Finance Specialist | Accounting and Finance | 1,930,500 RSD |
| Finance Team Leader | Accounting and Finance | 2,579,200 RSD |
| Financial Accountant | Accounting and Finance | 1,122,300 RSD |
| Financial Actuary | Accounting and Finance | 1,728,900 RSD |
| Financial Administrator | Accounting and Finance | 1,788,300 RSD |
| Financial Advisor | Accounting and Finance | 2,100,900 RSD |
| Financial Analyst | Accounting and Finance | 1,955,300 RSD |
| Financial Applications Specialist | Accounting and Finance | 1,391,600 RSD |
| Financial Assistant | Accounting and Finance | 895,900 RSD |
| Financial Associate | Accounting and Finance | 931,700 RSD |
| Financial Associate | Accounting and Finance | 1,095,900 RSD |
| Financial Claims Analyst | Accounting and Finance | 1,487,200 RSD |
| Financial Claims Manager | Accounting and Finance | 1,955,300 RSD |
| Financial Claims Supervisor | Accounting and Finance | 1,800,200 RSD |
| Financial Clerk | Accounting and Finance | 883,500 RSD |
| Financial Commercial Analyst | Accounting and Finance | 1,570,900 RSD |
| Financial Compliance Analyst | Accounting and Finance | 1,788,300 RSD |
| Financial Consultant | Accounting and Finance | 1,487,200 RSD |
| Financial Controller | Accounting and Finance | 1,728,900 RSD |
| Financial Controller | Accounting and Finance | 1,751,700 RSD |
| Financial Coordinator | Accounting and Finance | 1,030,200 RSD |
| Financial Customer Service Manager | Accounting and Finance | 2,086,500 RSD |
| Financial Dealer and Broker | Accounting and Finance | 1,182,800 RSD |
| Financial Director | Accounting and Finance | 3,205,100 RSD |
| Financial Encoder | Accounting and Finance | 954,900 RSD |
| Financial Manager | Accounting and Finance | 3,013,500 RSD |
| Financial Manager | Accounting and Finance | 3,168,300 RSD |
| Financial Operations Manager | Accounting and Finance | 2,807,200 RSD |
| Financial Policy Analyst | Accounting and Finance | 1,765,300 RSD |
| Financial Project Manager | Accounting and Finance | 2,423,000 RSD |
| Financial Reporting Consultant | Accounting and Finance | 1,645,600 RSD |
| Financial Reporting Manager | Accounting and Finance | 2,173,000 RSD |
| Financial Section Head | Accounting and Finance | 2,161,200 RSD |
| Financial Services Manager | Accounting and Finance | 2,868,600 RSD |
| Financial Services Sales Agent | Accounting and Finance | 1,249,900 RSD |
| Fixed Assets Administrator | Accounting and Finance | 1,144,400 RSD |
| Forensic Accountant | Accounting and Finance | 1,296,900 RSD |
| Fraud Detection Supervisor | Accounting and Finance | 1,405,700 RSD |
| Fraud Prevention Manager | Accounting and Finance | 2,304,300 RSD |
| Fund Accountant | Accounting and Finance | 1,070,600 RSD |
| Grants Coordinator | Accounting and Finance | 812,900 RSD |
| Group Financial Manager | Accounting and Finance | 3,299,800 RSD |
| Internal Auditor | Accounting and Finance | 1,570,900 RSD |
| Internal Control Adviser | Accounting and Finance | 1,788,300 RSD |
| Internal Control Officer | Accounting and Finance | 983,100 RSD |
| International Tax Director | Accounting and Finance | 2,653,700 RSD |
| Inventory Accountant | Accounting and Finance | 1,235,600 RSD |
| Investment Advisor | Accounting and Finance | 2,976,900 RSD |
| Investment Analyst | Accounting and Finance | 2,184,900 RSD |
| Investment Associate | Accounting and Finance | 1,896,700 RSD |
| Investment Broker | Accounting and Finance | 1,835,700 RSD |
| Investment Fund Manager | Accounting and Finance | 2,508,300 RSD |
| Investment Operations Manager | Accounting and Finance | 2,423,000 RSD |
| Investment Underwriter | Accounting and Finance | 948,900 RSD |
| Investor | Accounting and Finance | 1,476,700 RSD |
| Investor Relations Manager | Accounting and Finance | 2,281,800 RSD |
| KYC Team Leader | Accounting and Finance | 2,086,500 RSD |
| Loan Processor | Accounting and Finance | 926,000 RSD |
| Management Accountant | Accounting and Finance | 1,273,300 RSD |
| Management Economist | Accounting and Finance | 2,641,300 RSD |
| Paymaster | Accounting and Finance | 879,700 RSD |
| Payroll Administrator | Accounting and Finance | 1,537,500 RSD |
| Payroll Benefits Coordinator | Accounting and Finance | 1,296,900 RSD |
| Payroll Billing Manager | Accounting and Finance | 2,136,200 RSD |
| Payroll Clerk | Accounting and Finance | 1,011,500 RSD |
| Payroll Manager | Accounting and Finance | 2,110,600 RSD |
| Payroll Officer | Accounting and Finance | 1,011,300 RSD |
| Payroll Specialist | Accounting and Finance | 1,198,300 RSD |
| Payroll Supervisor | Accounting and Finance | 1,464,200 RSD |
| Pensions Administrator | Accounting and Finance | 1,198,300 RSD |
| Personal Financial Advisor | Accounting and Finance | 1,645,600 RSD |
| Pricing Analyst | Accounting and Finance | 1,908,800 RSD |
| Private Equity Analyst | Accounting and Finance | 2,003,200 RSD |
| Project Accountant | Accounting and Finance | 1,147,600 RSD |
| Proposal Development Coordinator | Accounting and Finance | 1,006,300 RSD |
| Receivables Accountant | Accounting and Finance | 999,500 RSD |
| Regulatory Accountant | Accounting and Finance | 1,184,200 RSD |
| Retirement Plan Analyst | Accounting and Finance | 1,811,000 RSD |
| Revenue Management Specialist | Accounting and Finance | 1,870,400 RSD |
| Revenue Recognition Analyst | Accounting and Finance | 2,026,800 RSD |
| Risk Management Director | Accounting and Finance | 2,676,200 RSD |
| Risk Management Supervisor | Accounting and Finance | 2,184,900 RSD |
| Staff Accountant | Accounting and Finance | 1,083,500 RSD |
| Tax Accountant | Accounting and Finance | 1,102,900 RSD |
| Tax Administrator | Accounting and Finance | 1,212,800 RSD |
| Tax Advisor | Accounting and Finance | 1,693,600 RSD |
| Tax Analyst | Accounting and Finance | 1,678,300 RSD |
| Tax Associate | Accounting and Finance | 983,700 RSD |
| Tax Consultant | Accounting and Finance | 1,741,800 RSD |
| Tax Director | Accounting and Finance | 2,508,300 RSD |
| Tax Examiner | Accounting and Finance | 1,172,800 RSD |
| Tax Manager | Accounting and Finance | 2,242,500 RSD |
| Tax Research Manager | Accounting and Finance | 2,221,600 RSD |
| Teller | Accounting and Finance | 642,800 RSD |
| Treasury Accountant | Accounting and Finance | 1,181,200 RSD |
| Treasury Analyst | Accounting and Finance | 1,896,700 RSD |
| Underwriter | Accounting and Finance | 821,500 RSD |
| Underwriting Assistant | Accounting and Finance | 767,500 RSD |
| Vice President of Finance | Accounting and Finance | 3,108,200 RSD |
Salary Comparison by City
If you want to compare salaries with different cities in Serbia, you can use the links below to explore the data for each specific city we have researched.
| City | Average Salary |
|---|---|
| Belgrade | 2,207,600 RSD |
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