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Average Quantitative Researcher Salary in India for 2026

A quantitative researcher in India earns about 539,800 INR a year. That's 40% above the national average of 384,200 INR.

Pay ranges widely from country to country and from role to role. The lowest reported salaries in India sit around 288,700 INR a year, while the very top stretches to 812,900 INR. Everything on this page is in Indian rupee (INR, symbol ₹), which lets you compare numbers like-for-like without worrying about exchange rates.

The numbers here are pulled together from official government wage data, large independent salary surveys, and aggregated worker-reported pay. Most reported salaries include the benefits that are common in India, such as housing or transport allowances, which is worth keeping in mind if you're comparing against a country where those are usually paid on top.

How much does a quantitative researcher make in India?

Average salary
539,800 INR
44,983 INR per month
Lowest reported
288,700 INR
24,058 INR per month
Highest reported
812,900 INR
67,741 INR per month

A typical quantitative researcher working in India brings home around 44,983 INR a month before tax. Entry-level pay starts near 288,700 INR, and the top of the ladder reaches roughly 812,900 INR for the most experienced and specialised people in the role.

The wide gap between low end and top end reflects how much pay can vary inside the same job title. A junior quantitative researcher working at a small local employer earns very different money from a senior at a multinational. Skills, employer, city and years in the seat all push the number around.

How quantitative researcher pay ranges in India

A good way to think about salary in India is to look at the distribution rather than the headline average. Half of all quantitative researchers in India earn less than 496,100 INR a year, and the other half earn more. That middle number is the median, and it is usually more useful than the average for answering "is my pay normal here".

Looking at the quartiles fills in the picture. A quarter of earners take home less than 353,600 INR (the 25th percentile), and a quarter clear 602,700 INR (the 75th percentile). The middle 50% of quantitative researchers sit somewhere inside that band, which is where the typical reader of this page probably lives.

The very lowest reported salaries sit around 288,700 INR. The highest stretch to 812,900 INR, though only a small fraction of earners ever reach that level. If you are deciding whether your own offer or current pay is reasonable, work out which of those four bands you would fall into and use that as your reference point.

288,700
Low
496,100
Median
812,900
High
353,600
25th
602,700
75th
The middle 50% sit between the 25th and 75th percentile Tails are the lowest and highest reported All figures in INR

Quantitative researcher pay by experience in India

Years of experience is the single biggest lever on pay for a quantitative researcher in India, ahead of education and almost any other single factor. The longer you have been in the role, the more your employer can trust you to handle complexity, mentor others and act independently, all of which command higher pay. The chart below shows how the typical quantitative researcher salary changes as you move through the career ladder.

  • 0-2 Years
    340,000 INR
  • 2-5 Years
    +26% from previous
    428,400 INR
  • 5-10 Years
    +31% from previous
    563,000 INR
  • 10-15 Years
    +18% from previous
    663,200 INR
  • 15-20 Years
    +10% from previous
    731,700 INR
  • 20+ Years
    +7% from previous
    780,700 INR

The single largest jump on the ladder is from 2 - 5 Years to 5 - 10 Years, where pay rises by about 31%. That is the point at which a quantitative researcher typically goes from "competent in the role" to "the person other people in the team learn from", and the market pays well for that step.

Quantitative researcher pay by education in India

Education sits alongside experience as one of the biggest factors driving quantitative researcher pay in India. Higher qualifications consistently pull higher salaries, but the size of the gap tends to be smallest at junior levels and widens as people move up. Two people in the same role with the same years of experience but different degrees can end up earning very different money once they reach mid-career.

Below is the average quantitative researcher salary in India broken down by the highest level of education a worker has completed.

  • Bachelor's Degree
    404,600 INR
  • Master's Degree
    +33% from previous
    539,700 INR
  • PhD
    +43% from previous
    772,700 INR

Quantitative researcher gender pay gap in India

The gender pay gap is a stubborn feature of almost every labour market, and India is no exception. Male quantitative researchers in India earn an average of 559,000 INR a year, while female quantitative researchers earn around 510,200 INR. That works out to a 10% gap in favour of men, even when comparing people doing the same work.

A pay gap of this size has a real long-term cost. Over a typical thirty-year career it can add up to several years of pay, and it compounds through pensions, retirement contributions and bonus-linked stock. Some of the gap is explained by women being more likely to work part-time, take career breaks, or be steered toward lower-paying specialisations. Some of it is straightforward unequal pay for the same job, which is harder to defend.

Quantitative Researcher gender pay gap

9%

Men earn this much more than women on average in India.

Men 559,000 INR
Women 510,200 INR

Pay raises for a quantitative researcher in India

Most countries hand out at least some kind of pay raise every year, typically when an employee's contract is reviewed or as a cost-of-living adjustment to keep wages roughly in step with inflation. The rhythm and size of those raises varies hugely between industries.

A typical worker doing this role in India sees a raise of about 13% every 16 months, which works out to roughly 10% on an annual basis. That figure is the typical underlying rate; in years where inflation runs high you can usually expect a bit more, and in flat-economy years a bit less.

Across all jobs in India, the national average raise is around 9% every 16 months.

By industry

Industries with the highest pay raises in India:

  • Banking
    1%
  • Energy
    2%
  • Information Technology
  • Healthcare
  • Travel
  • Construction
  • Education

By experience level

Experienced workers tend to see larger raises. Retaining a senior is cheaper than replacing them, so employers fight harder for them.

  • Junior Level
    3% - 5%
  • Mid-Career
  • Senior Level
  • Top Management

Quantitative researcher bonus rates in India

Bonuses are the other half of total compensation, and they vary a lot between jobs and industries. Some roles are paid almost entirely in base salary; others lean heavily on bonus structures tied to revenue, project completion or company performance. Whether a job pays a bonus, how big it is, and how often it lands all factor into whether the headline salary is actually a good offer.

52%

52% of quantitative researchers in India reported a bonus of some kind in the past twelve months. That makes a quantitative researcher a moderate-bonus role overall, which is useful context when you're weighing up a job offer where the base is below market.

Among those who did receive a bonus, the size of the payment varied substantially. Reported bonuses ranged from 4% to 5% of base salary. The remaining 48% of quantitative researchers reported no bonus at all over the same period.

Which careers pay bonuses in India

Revenue-facing roles tend to pay the biggest bonuses. Operational and support roles tend toward smaller, more predictable ones.

  • Finance
  • Architecture
  • Sales
  • Business Development
  • Marketing / Advertising
  • Information Technology
  • Healthcare
  • Insurance
  • Customer Service
  • Human Resources
  • Construction
  • Transport
  • Hospitality

Quantitative researcher: public vs private sector pay

Public-sector pay in India is about 6% more than private-sector pay for similar work. The private sector typically offers stronger upside and bigger bonuses; the public sector typically offers better benefits and stability.

Public vs private pay gap

5%

Public-sector workers earn this much more than private-sector workers in India on average.

Public sector 392,300 INR
Private sector 371,100 INR

Quantitative researcher salary by city and region in India

Quantitative researcher pay is not even across India. The chart below shows the highest-paying cities and regions in the dataset, followed by the full location table.

  • Madhya Pradesh
  • Tamil Nadu
  • Mumbai
  • Bihar
  • Gujarat
  • West Bengal
  • Karnataka
  • Hyderabad
  • Maharashtra
  • Uttar Pradesh
LocationTypeAverageMedianRange
Madhya PradeshRegion658,300 INR671,000 INR322,600-1,027,600 INR
Tamil NaduRegion650,700 INR691,200 INR307,400-1,028,300 INR
MumbaiCity643,400 INR615,300 INR332,100-983,700 INR
BiharRegion641,900 INR692,500 INR294,300-1,016,300 INR
GujaratRegion638,700 INR663,200 INR307,400-1,000,700 INR
West BengalRegion637,500 INR608,500 INR330,700-971,200 INR
KarnatakaRegion632,400 INR607,400 INR330,700-970,600 INR
HyderabadCity631,200 INR631,200 INR315,900-978,900 INR
MaharashtraRegion629,800 INR656,800 INR301,600-987,200 INR
Uttar PradeshRegion628,000 INR590,200 INR332,500-956,200 INR
BangaloreCity628,000 INR576,500 INR340,000-946,000 INR
Delhi (city)City628,000 INR652,200 INR301,300-986,700 INR
RajasthanRegion612,500 INR623,200 INR297,000-953,200 INR
AssamRegion612,500 INR648,200 INR288,100-964,000 INR
KolkataCity610,100 INR623,700 INR301,800-954,900 INR
ChennaiCity600,000 INR625,000 INR286,400-942,700 INR
PunjabRegion596,800 INR596,800 INR297,000-926,000 INR
JharkhandRegion589,400 INR553,800 INR311,700-893,500 INR
JaipurCity589,400 INR563,300 INR307,400-902,100 INR
Andhra PradeshRegion589,400 INR600,000 INR290,800-918,500 INR
SuratCity587,800 INR587,800 INR294,300-913,400 INR
AhmadabadCity582,700 INR572,200 INR299,500-899,100 INR
KanpurCity580,600 INR580,600 INR288,700-899,900 INR
OrissaRegion574,200 INR553,800 INR301,800-883,500 INR
KeralaRegion566,900 INR556,000 INR290,800-874,500 INR
NagpurCity559,000 INR559,000 INR277,400-864,900 INR
PuneCity558,300 INR548,500 INR283,700-862,100 INR
BhopalCity556,000 INR513,300 INR301,300-840,100 INR
UttaranchalRegion553,400 INR510,300 INR297,000-836,500 INR
CoimbatoreCity552,400 INR583,000 INR259,100-870,700 INR
LucknowCity551,200 INR562,200 INR271,300-860,300 INR
ChhatisgarhRegion548,800 INR516,100 INR288,700-830,500 INR
Himachal PradeshRegion548,800 INR590,200 INR253,400-868,400 INR
MeghalayaRegion548,800 INR590,200 INR253,400-868,400 INR
HaryanaRegion548,500 INR581,000 INR257,700-866,900 INR
IndoreCity541,700 INR585,900 INR251,500-862,200 INR
Delhi (region)Region535,900 INR535,900 INR268,900-832,000 INR
ManipurRegion531,700 INR563,300 INR249,600-843,600 INR
NagalandRegion525,700 INR496,100 INR279,400-800,200 INR
LudhianaCity525,700 INR485,300 INR282,500-794,900 INR
VadodaraCity525,700 INR535,900 INR257,700-823,900 INR
PatnaCity524,700 INR483,400 INR282,300-791,200 INR
TripuraRegion524,400 INR563,300 INR239,000-830,500 INR
Jammu & KashmirRegion524,400 INR480,300 INR282,300-791,200 INR
Arunachal PradeshRegion516,100 INR535,800 INR246,500-808,000 INR
VisakhapatnamCity513,300 INR472,100 INR275,800-772,900 INR
Pimpri-ChinchwadCity513,300 INR553,400 INR237,400-814,500 INR
GoaRegion504,500 INR518,300 INR247,800-791,200 INR
agraCity501,400 INR524,400 INR239,300-790,300 INR
ChandigarhRegion498,500 INR457,300 INR268,900-748,600 INR
PondicherryRegion498,500 INR487,600 INR252,300-767,000 INR
GhaziabadCity498,000 INR467,700 INR263,900-756,700 INR
Andaman & Nicobar IslandsRegion487,600 INR487,600 INR243,000-754,900 INR
SikkimRegion485,300 INR504,300 INR232,400-761,400 INR
MaduraiCity485,300 INR524,400 INR221,500-772,700 INR
MizoramRegion485,200 INR448,500 INR263,100-733,300 INR
Daman & DiuRegion478,000 INR467,700 INR245,300-737,000 INR
Dadra & Nagar HaveliRegion472,000 INR454,300 INR246,200-724,300 INR
LakshadweepRegion459,300 INR459,300 INR228,000-712,100 INR

Quantitative Researcher in India: FAQs

  • How much does a quantitative researcher make per month in India?

    A quantitative researcher in India earns about 44,983 INR a month before tax, based on an annual average of 539,800 INR.

  • What's the salary range for a quantitative researcher in India?

    Entry-level quantitative researchers in India start near 288,700 INR. Top-end pay reaches around 812,900 INR. The middle 50% of earners sit between 353,600 and 602,700 INR.

  • Is the median quantitative researcher salary in India higher or lower than the average?

    The median is 496,100 INR, lower than the average of 539,800 INR. Half of quantitative researchers in India earn below the median, half earn above it.

  • What's the gender pay gap for quantitative researchers in India?

    Men working as a quantitative researcher in India earn around 10% more than women on average (559,000 vs 510,200 INR a year).

  • Do quantitative researchers in India get bonuses?

    About 52% of quantitative researchers in India reported a bonus in the past 12 months. Reported bonuses ranged from 4% to 5% of base salary.

  • Do quantitative researchers earn more in the public or private sector in India?

    In India, the public sector pays a quantitative researcher about 6% more on average. Public-sector pay tends to be steadier; private-sector pay tends to offer bigger upside.

  • How often do quantitative researchers in India get a pay raise?

    A quantitative researcher in India sees a raise of around 13% every 16 months, equivalent to roughly 10% a year.