Average Quantitative Research Analyst Salary in United States Virgin Islands for 2024

In this article, we will look at the average Quantitative Research Analyst salary for 2024 in United States Virgin Islands 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 United States dollar. To keep things simple, we are using the USD currency code instead of the currency symbol $.

How Much Does a Quantitative Research Analyst Make in United States Virgin Islands?

A Quantitative Research Analyst working in United States Virgin Islands will typically earn around 48,820 USD per year, and this can range from the lowest average salary of about 20,000 USD to the highest average salary of 73,020 USD.

Average Annual Salary
48,820 USD
Average Monthly Salary
4,068 USD

Lowest Annual Salary
20,000 USD
Lowest Monthly Salary
1,666 USD

Highest Annual Salary
73,020 USD
Highest Monthly Salary
6,085 USD

These are average salaries for a Quantitative Research Analyst in United States Virgin Islands 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 United States Virgin Islands

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

Salary ranges

We already know that a Quantitative Research Analyst can earn between 20,000 USD and 73,020 USD on average in United States Virgin Islands. 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 United States Virgin Islands is 50,340 USD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 50,340 USD, and 50% of the population earn more than 50,340 USD.

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 United States Virgin Islands, 25% of the population are earning less than 31,520 USD while 75% of the population earn more than 31,520 USD.

75% of the population earn less than 67,360 USD, and 25% of the population earn more than 67,360 USD.

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 United States Virgin Islands

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 United States Virgin Islands that has less than two years of experience can expect to earn somewhere in the region of 23,080 USD.
  • 2 - 5 Years Experience. With two to five years of experience the average Quantitative Research Analyst salary would increase to 31,040 USD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Quantitative Research Analyst, the average salary would be 49,360 USD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 58,520 USD.
  • 15 - 20 Years Experience. A Quantitative Research Analyst with 15 to 20 years of experience can earn an average of 66,000 USD.
  • 20+ Years Experience. For a Quantitative Research Analyst with more than 20 years, the expected average salary increases to 69,780 USD.

Average Salary by Experience Chart

0-2 Years
23,080 USD
2-5 Years +34%
31,040 USD
5-10 Years +48%
49,360 USD
10-15 Years +22%
58,520 USD
15-20 Years +9%
66,000 USD
20+ Years +8%
69,780 USD

Quantitative Research Analyst Salary by Education Level in United States Virgin Islands

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 United States Virgin Islands 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 United States Virgin Islands with a bachelor's degree education can earn an average salary of 28,660 USD.

  • Master's Degree. A Quantitative Research Analyst in United States Virgin Islands with a master's degree education can earn an average salary of 45,200 USD.

  • PhD. A Quantitative Research Analyst in United States Virgin Islands with a phd education can earn an average salary of 75,040 USD.

Average Salary by Education Chart

Bachelor's Degree
28,660 USD
Master's Degree +57%
45,200 USD
PhD +68%
75,040 USD

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 United States Virgin Islands is around 13,500 to 40,400 USD 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 United States Virgin Islands, a male quantitative research analyst will earn an average of 51,100 USD, while a female quantitative research analyst will earn around 43,220 USD.

This means that a male quantitative research analyst earns approximately 18% more than a female quantitative research analyst for performing the same job.

Average Salary by Gender Chart in United States Virgin Islands

Male
51,100 USD
Female -18%
43,220 USD

Quantitative Research Analyst Average Pay Raise in United States Virgin Islands

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 United States Virgin Islands is around 9% every 28 months.

The national average pay raise across all professions and industries in United States Virgin Islands is around 5% every 28 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 = ( 9 ÷ 28 ) × 12  = 4%

What this means is that a Quantitative Research Analyst in United States Virgin Islands can expect to receive an average pay raise of around 4% every 12 months.

Annual Pay Raise by Industry in United States Virgin Islands for 2024

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

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%

Quantitative Research Analyst Bonus and Incentive Rates in United States Virgin Islands

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 low bonus based job, with 42% of employees reporting at least one bonus in the last 12 months.

58% 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
42%
No Bonus
58%

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 United States Virgin Islands earn approximately 15% more than private sector employees in the same role.

Public Sector
35,340 USD
Private Sector -15%
30,800 USD

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 United States Virgin Islands.

Job Title Category Salary
3D Lab Technologist Science and Technical Services 30,700 USD
Algorithm Developer Science and Technical Services 44,140 USD
Analytical Chemist Science and Technical Services 58,860 USD
Anthropologist Science and Technical Services 48,200 USD
Archeologist Science and Technical Services 40,560 USD
Assistant Breeder Science and Technical Services 21,020 USD
Astronomer Science and Technical Services 69,400 USD
Atmospheric and Space Scientist Science and Technical Services 56,460 USD
Behavior Analyst Science and Technical Services 41,560 USD
Behavior Intervention Specialist Science and Technical Services 41,820 USD
Behavior Specialist Science and Technical Services 41,560 USD
Biochemist Science and Technical Services 67,800 USD
Biofuels Processing Technician Science and Technical Services 24,720 USD
Biofuels Production Manager Science and Technical Services 46,040 USD
Biologist Science and Technical Services 66,100 USD
Biomedical Laboratory Officer Science and Technical Services 27,040 USD
Biomedical Scientist Science and Technical Services 67,800 USD
Biophysicist Science and Technical Services 67,120 USD
Chemical Engineer Science and Technical Services 31,080 USD
Chemical Technologist Science and Technical Services 31,960 USD
Chemist Science and Technical Services 66,820 USD
Chief Technologist Science and Technical Services 60,480 USD
Climate Change Analyst Science and Technical Services 45,600 USD
Clinical Laboratory Scientist Science and Technical Services 66,100 USD
Computer Scientist Science and Technical Services 51,800 USD
Conservation Scientist Science and Technical Services 59,240 USD
Data Science Specialist Science and Technical Services 42,320 USD
Data Scientist Science and Technical Services 52,820 USD
DNA Analyst Science and Technical Services 67,800 USD
Ecologist Science and Technical Services 48,300 USD
Economic Development Specialist Science and Technical Services 50,620 USD
Flavourist Science and Technical Services 19,940 USD
Food Scientist Science and Technical Services 46,400 USD
Forensic Scientist Science and Technical Services 55,020 USD
Formulation Technologist Science and Technical Services 24,720 USD
Fraud Investigator Science and Technical Services 31,960 USD
Genomics Scientist Science and Technical Services 66,840 USD
Geographer Science and Technical Services 34,280 USD
Geographic Information Systems Technician Science and Technical Services 24,820 USD
Geological Data Technician Science and Technical Services 21,980 USD
Geological Technician Science and Technical Services 31,540 USD
Geologist Science and Technical Services 54,460 USD
Geomatics Scientist Science and Technical Services 50,620 USD
Geophysical Data Technician Science and Technical Services 21,400 USD
Geospatial Information Scientist and Technologist Science and Technical Services 53,860 USD
Global Technical Lead Science and Technical Services 68,320 USD
Hydrologist Science and Technical Services 47,760 USD
Industrial Ecologist Science and Technical Services 48,560 USD
Intelligence Analyst Science and Technical Services 40,040 USD
Knowledge Management Specialist Science and Technical Services 35,300 USD
Lab Analyst Science and Technical Services 26,860 USD
Lab Manager Science and Technical Services 47,720 USD
Lab Technician Science and Technical Services 21,540 USD
Laboratory Manager Science and Technical Services 47,120 USD
Laboratory Researcher Science and Technical Services 32,620 USD
Laboratory Technician Science and Technical Services 21,640 USD
Life Sciences Analyst Science and Technical Services 45,000 USD
Life Scientist Science and Technical Services 54,700 USD
Marine Architect Science and Technical Services 40,600 USD
Marine Biologist Science and Technical Services 50,080 USD
Marine Superintendent Science and Technical Services 29,040 USD
Materials Analyst Science and Technical Services 28,720 USD
Materials Scientist Science and Technical Services 48,560 USD
Mathematician Science and Technical Services 54,460 USD
Medical Scientist Science and Technical Services 73,760 USD
Metallurgist Science and Technical Services 48,160 USD
Meteorologist Science and Technical Services 48,760 USD
Microbiologist Science and Technical Services 67,120 USD
Natural Language Processing Researcher Science and Technical Services 43,340 USD
Natural Resource Specialist Science and Technical Services 37,380 USD
Natural Resources Analyst Science and Technical Services 43,360 USD
Natural Sciences Manager Science and Technical Services 69,240 USD
Nuclear Engineer Science and Technical Services 72,700 USD
Physical Scientist Science and Technical Services 56,140 USD
Physicist Science and Technical Services 67,320 USD
Political Scientist Science and Technical Services 54,460 USD
Polygraph Examiner Science and Technical Services 17,860 USD
Polysomnographic Technologist Science and Technical Services 31,960 USD
Product Development Scientist Science and Technical Services 53,660 USD
Quantitative Researcher Science and Technical Services 43,340 USD
Radiation Protection Specialist Science and Technical Services 36,580 USD
Refrigeration Technician Science and Technical Services 16,400 USD
Research Scientist Science and Technical Services 50,240 USD
Risk Safety Engineer Science and Technical Services 31,380 USD
Scientific Photographer Science and Technical Services 28,860 USD
Scientific Programmer Science and Technical Services 43,520 USD
Scientist Science and Technical Services 49,820 USD
Service Engineer Science and Technical Services 31,380 USD
Service Technician Science and Technical Services 19,160 USD
Social Science Research Assistant Science and Technical Services 27,560 USD
Social Scientist Science and Technical Services 50,340 USD
Sociologist Science and Technical Services 50,340 USD
Soil Scientist Science and Technical Services 45,580 USD
Statistical Analyst Science and Technical Services 32,620 USD
Statistical Assistant Science and Technical Services 19,980 USD
Statistician Science and Technical Services 47,540 USD
Survey Analyst Science and Technical Services 29,320 USD
Survey Researcher Science and Technical Services 29,840 USD
Surveying and Mapping Technician Science and Technical Services 19,640 USD
Team Leader Science and Technical Services 44,800 USD
Technical Manager Science and Technical Services 48,200 USD
Technical Officer Science and Technical Services 20,520 USD
Technical Service Director Science and Technical Services 64,560 USD
Technical Services Regulatory Affairs Specialist Science and Technical Services 27,560 USD
Technical Services Research and Development Manager Science and Technical Services 70,880 USD
Technical Services Research Associate Science and Technical Services 31,980 USD
Technical Services Research Coordinator Science and Technical Services 31,520 USD
Technician Science and Technical Services 20,300 USD
Water Ecologist Science and Technical Services 57,360 USD
Wildlife Biologist Science and Technical Services 44,780 USD

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