Entry-level Quantitative Analyst salary in Chicago, IL
Based on 147 certified H-1B filings at DOL wage level I in the Chicago-Naperville-Elgin, IL-IN metro area, FY2025–FY2026. Includes Bellwood, Evanston, Naperville, Schaumburg, Downers Grove.
Salary range
| Percentile | Salary |
|---|---|
| 10th | $60,000 |
| 25th | $85,500 |
| 50th (median) | $130,000 |
| 75th | $192,000 |
| 90th | $250,000 |
Salary by year
Median salary
Filings per year
Show as table
| Fiscal year | Median | P25 | P75 | Filings |
|---|---|---|---|---|
| FY2020 | $65,000 | $62,250 | $74,250 | 47 |
| FY2021 | $68,000 | $59,925 | $72,772 | 40 |
| FY2022 | $84,000 | $75,000 | $135,000 | 37 |
| FY2023 | $116,750 | $63,750 | $150,000 | 36 |
| FY2024 | $120,000 | $75,850 | $135,000 | 41 |
| FY2025 | $91,250 | $71,750 | $138,750 | 60 |
| FY2026 | $165,000 | $115,000 | $200,000 | 87 |
Cost of living
Chicago's median entry-level Quantitative Analyst salary of $130,000 is worth about $125,500 at national average prices.
Source: BEA Regional Price Parities, 2024 (U.S. = 100; Chicago = 103.6).
Compared with all workers here
All Financial Quantitative Analysts in the Chicago, IL area earned a median of $81,740 in May 2025 (4,630 employed). The H-1B median here is $130,000, 59% higher.
Source: U.S. Bureau of Labor Statistics, OEWS metropolitan area estimates. BLS wages include some incentive pay; H-1B figures are base salary.
Employers filing at this level
| Employer | Median | Filings |
|---|---|---|
| IMC Americas | $250,000 | 20 |
| Maven Securities | $130,000 | 11 |
| Radix Trading | $192,000 | 11 |
| CTC Trading Group | $200,000 | 10 |
| Akuna Capital | too few | 8 |
| International Bank of Chicago | too few | 6 |
| Tower Research Capital | too few | 5 |
| Optiver Services | too few | 4 |
| EY | too few | 3 |
| Compass Lexecon | too few | 3 |
Employers with at least 2 filings here. Median shown at 10+ filings.
By experience level
| Wage level | Median | Filings |
|---|---|---|
| Entry-level · Level I | $130,000 | 147 |
| Mid-level · Level II | $134,000 | 155 |
| Senior · Level III | $132,500 | 80 |
| Expert · Level IV | $150,000 | 75 |
Median shown when a level has at least 10 filings.
Minimum H-1B salary by level
| Wage level | Prevailing wage (most common) | Median offered salary | Filings |
|---|---|---|---|
| Entry-level · Level I | $54,683 | $130,000 | 147 |
| Mid-level · Level II | $77,938 | $134,000 | 155 |
| Senior · Level III | $109,574 | $132,500 | 80 |
| Expert · Level IV | $124,446 | $150,000 | 75 |
The prevailing wage is the minimum an employer must pay for this job and area. Amounts vary by county within a metro and by wage source.