Average Quantitative Research Analyst Salary in Finland for 2024

In this article, we will look at the average Quantitative Research Analyst salary for 2024 in Finland 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 Euro. To keep things simple, we are using the EUR currency code instead of the currency symbol โ‚ฌ.

How Much Does a Quantitative Research Analyst Make in Finland?

A Quantitative Research Analyst working in Finland will typically earn around 77,400 EUR per year, and this can range from the lowest average salary of about 35,300 EUR to the highest average salary of 119,700 EUR.

Average Annual Salary
77,400 EUR
Average Monthly Salary
6,450 EUR

Lowest Annual Salary
35,300 EUR
Lowest Monthly Salary
2,941 EUR

Highest Annual Salary
119,700 EUR
Highest Monthly Salary
9,975 EUR

These are average salaries for a Quantitative Research Analyst in Finland and include benefits such as housing and transport. It's also possible for a Quantitative Research Analyst to earn more or less than the average salaries shown above.

Quantitative Research 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 Quantitative Research Analyst Salaries in Finland

So we've looked at the average salaries a Quantitative Research Analyst will earn in Finland. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Quantitative Research Analyst can earn between 35,300 EUR and 119,700 EUR on average in Finland. 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 Quantitative Research Analyst in Finland is 80,520 EUR. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 80,520 EUR, and 50% of the population earn more than 80,520 EUR.

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 Quantitative Research Analyst salary in Finland, 25% of the population are earning less than 50,540 EUR while 75% of the population earn more than 50,540 EUR.

75% of the population earn less than 108,080 EUR, and 25% of the population earn more than 108,080 EUR.

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.

Quantitative Research Analyst Salary by Experience Level in Finland

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 quantitative research 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 Quantitative Research Analyst in Finland that has less than two years of experience can expect to earn somewhere in the region of 37,880 EUR.
  • 2 - 5 Years Experience. With two to five years of experience the average Quantitative Research Analyst salary would increase to 51,800 EUR.
  • 5 - 10 Years Experience. From five to ten years of experience as a Quantitative Research Analyst, the average salary would be 79,600 EUR.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 96,540 EUR.
  • 15 - 20 Years Experience. A Quantitative Research Analyst with 15 to 20 years of experience can earn an average of 105,080 EUR.
  • 20+ Years Experience. For a Quantitative Research Analyst with more than 20 years, the expected average salary increases to 111,000 EUR.

Average Salary by Experience Chart

0-2 Years
37,880 EUR
2-5 Years +34%
51,800 EUR
5-10 Years +48%
79,600 EUR
10-15 Years +22%
96,540 EUR
15-20 Years +9%
105,080 EUR
20+ Years +8%
111,000 EUR

Quantitative Research Analyst Salary by Education Level in Finland

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 Quantitative Research Analyst in Finland based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • Bachelor's Degree. A Quantitative Research Analyst in Finland with a bachelor's degree education can earn an average salary of 46,720 EUR.

  • Master's Degree. A Quantitative Research Analyst in Finland with a master's degree education can earn an average salary of 72,180 EUR.

  • PhD. A Quantitative Research Analyst in Finland with a phd education can earn an average salary of 118,060 EUR.

Average Salary by Education Chart

Bachelor's Degree
46,720 EUR
Master's Degree +57%
72,180 EUR
PhD +68%
118,060 EUR

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 Finland is around 23,400 to 70,300 EUR 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.

Quantitative Research 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 Finland, a male quantitative research analyst will earn an average of 76,280 EUR, while a female quantitative research analyst will earn around 72,540 EUR.

This means that a male quantitative research analyst earns approximately 5% more than a female quantitative research analyst for performing the same job.

Average Salary by Gender Chart in Finland

Male
76,280 EUR
Female -5%
72,540 EUR

Quantitative Research Analyst Average Pay Raise in Finland

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 Quantitative Research Analyst in Finland is around 12% every 16 months.

The national average pay raise across all professions and industries in Finland is around 8% every 16 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 = ( 12 ÷ 16 ) × 12  = 9%

What this means is that a Quantitative Research Analyst in Finland can expect to receive an average pay raise of around 9% every 12 months.

Annual Pay Raise by Industry in Finland for 2024

In the chart below, you can see the average annual pay raise percentages for each of the major industries in Finland.

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

Banking
1%
Energy
2%
Information Technology
3%
Healthcare
4%
Travel
5%
Construction
6%
Education
7%

Quantitative Research Analyst Bonus and Incentive Rates in Finland

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 Quantitative Research Analyst is a moderate bonus based job, with 61% of employees reporting at least one bonus in the last 12 months.

39% 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
61%
No Bonus
39%

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 Finland earn approximately 6% more than private sector employees in the same role.

Public Sector
59,380 EUR
Private Sector -6%
56,060 EUR

Salaries for Jobs Similar to a Quantitative Research Analyst

In the table below, we have salary information for jobs that are similar to a Quantitative Research Analyst in Finland.

Job Title Category Salary
3D Lab Technologist Science and Technical Services 54,460 EUR
Algorithm Developer Science and Technical Services 70,880 EUR
Analytical Chemist Science and Technical Services 104,620 EUR
Anthropologist Science and Technical Services 80,580 EUR
Archeologist Science and Technical Services 68,320 EUR
Assistant Breeder Science and Technical Services 35,260 EUR
Astronomer Science and Technical Services 119,700 EUR
Atmospheric and Space Scientist Science and Technical Services 103,820 EUR
Behavior Analyst Science and Technical Services 69,400 EUR
Behavior Intervention Specialist Science and Technical Services 77,380 EUR
Behavior Specialist Science and Technical Services 66,960 EUR
Biochemist Science and Technical Services 112,620 EUR
Biofuels Processing Technician Science and Technical Services 45,600 EUR
Biofuels Production Manager Science and Technical Services 78,160 EUR
Biologist Science and Technical Services 109,340 EUR
Biomedical Laboratory Officer Science and Technical Services 43,080 EUR
Biomedical Scientist Science and Technical Services 123,400 EUR
Biophysicist Science and Technical Services 117,860 EUR
Chemical Engineer Science and Technical Services 55,940 EUR
Chemical Technologist Science and Technical Services 51,100 EUR
Chemist Science and Technical Services 112,620 EUR
Chief Technologist Science and Technical Services 101,020 EUR
Climate Change Analyst Science and Technical Services 70,600 EUR
Clinical Laboratory Scientist Science and Technical Services 115,620 EUR
Computer Scientist Science and Technical Services 86,760 EUR
Conservation Scientist Science and Technical Services 97,060 EUR
Data Science Specialist Science and Technical Services 72,700 EUR
Data Scientist Science and Technical Services 88,240 EUR
DNA Analyst Science and Technical Services 114,900 EUR
Ecologist Science and Technical Services 84,580 EUR
Economic Development Specialist Science and Technical Services 85,020 EUR
Flavourist Science and Technical Services 36,700 EUR
Food Scientist Science and Technical Services 74,620 EUR
Forensic Scientist Science and Technical Services 91,660 EUR
Formulation Technologist Science and Technical Services 43,760 EUR
Fraud Investigator Science and Technical Services 54,180 EUR
Genomics Scientist Science and Technical Services 119,500 EUR
Geographer Science and Technical Services 64,300 EUR
Geographic Information Systems Technician Science and Technical Services 38,700 EUR
Geological Data Technician Science and Technical Services 36,580 EUR
Geological Technician Science and Technical Services 48,160 EUR
Geologist Science and Technical Services 96,500 EUR
Geomatics Scientist Science and Technical Services 92,300 EUR
Geophysical Data Technician Science and Technical Services 38,140 EUR
Geospatial Information Scientist and Technologist Science and Technical Services 91,320 EUR
Global Technical Lead Science and Technical Services 114,820 EUR
Hydrologist Science and Technical Services 79,260 EUR
Industrial Ecologist Science and Technical Services 81,880 EUR
Intelligence Analyst Science and Technical Services 66,580 EUR
Knowledge Management Specialist Science and Technical Services 57,860 EUR
Lab Analyst Science and Technical Services 47,400 EUR
Lab Manager Science and Technical Services 84,780 EUR
Lab Technician Science and Technical Services 34,360 EUR
Laboratory Manager Science and Technical Services 79,120 EUR
Laboratory Researcher Science and Technical Services 52,380 EUR
Laboratory Technician Science and Technical Services 33,520 EUR
Life Sciences Analyst Science and Technical Services 77,640 EUR
Life Scientist Science and Technical Services 86,520 EUR
Marine Architect Science and Technical Services 71,660 EUR
Marine Biologist Science and Technical Services 81,880 EUR
Marine Superintendent Science and Technical Services 45,000 EUR
Materials Analyst Science and Technical Services 48,200 EUR
Materials Scientist Science and Technical Services 89,800 EUR
Mathematician Science and Technical Services 89,340 EUR
Medical Scientist Science and Technical Services 118,260 EUR
Metallurgist Science and Technical Services 77,120 EUR
Meteorologist Science and Technical Services 82,520 EUR
Microbiologist Science and Technical Services 119,700 EUR
Natural Language Processing Researcher Science and Technical Services 72,260 EUR
Natural Resource Specialist Science and Technical Services 62,860 EUR
Natural Resources Analyst Science and Technical Services 66,120 EUR
Natural Sciences Manager Science and Technical Services 112,760 EUR
Nuclear Engineer Science and Technical Services 120,040 EUR
Physical Scientist Science and Technical Services 92,900 EUR
Physicist Science and Technical Services 115,940 EUR
Political Scientist Science and Technical Services 91,320 EUR
Polygraph Examiner Science and Technical Services 31,400 EUR
Polysomnographic Technologist Science and Technical Services 51,100 EUR
Product Development Scientist Science and Technical Services 89,460 EUR
Quantitative Researcher Science and Technical Services 74,060 EUR
Radiation Protection Specialist Science and Technical Services 63,480 EUR
Refrigeration Technician Science and Technical Services 26,780 EUR
Research Scientist Science and Technical Services 83,420 EUR
Risk Safety Engineer Science and Technical Services 49,300 EUR
Scientific Photographer Science and Technical Services 49,360 EUR
Scientific Programmer Science and Technical Services 73,100 EUR
Scientist Science and Technical Services 78,120 EUR
Service Engineer Science and Technical Services 52,820 EUR
Service Technician Science and Technical Services 31,980 EUR
Social Science Research Assistant Science and Technical Services 48,200 EUR
Social Scientist Science and Technical Services 82,520 EUR
Sociologist Science and Technical Services 88,240 EUR
Soil Scientist Science and Technical Services 72,120 EUR
Statistical Analyst Science and Technical Services 48,760 EUR
Statistical Assistant Science and Technical Services 34,360 EUR
Statistician Science and Technical Services 79,500 EUR
Survey Analyst Science and Technical Services 48,920 EUR
Survey Researcher Science and Technical Services 45,560 EUR
Surveying and Mapping Technician Science and Technical Services 34,080 EUR
Team Leader Science and Technical Services 67,800 EUR
Technical Manager Science and Technical Services 77,100 EUR
Technical Officer Science and Technical Services 34,360 EUR
Technical Service Director Science and Technical Services 111,460 EUR
Technical Services Regulatory Affairs Specialist Science and Technical Services 50,180 EUR
Technical Services Research and Development Manager Science and Technical Services 119,320 EUR
Technical Services Research Associate Science and Technical Services 59,240 EUR
Technical Services Research Coordinator Science and Technical Services 58,440 EUR
Technician Science and Technical Services 32,960 EUR
Water Ecologist Science and Technical Services 96,220 EUR
Wildlife Biologist Science and Technical Services 79,120 EUR

Salary Comparison by City

If you want to compare salaries with different cities in Finland, you can use the links below to explore the data for each specific city we have researched.

City Average Salary
Helsinki 86,460 EUR

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