Mid-level Quantitative Analyst salary in Chicago, IL
Based on 155 certified H-1B filings at DOL wage level II in the Chicago-Naperville-Elgin, IL-IN metro area, FY2025–FY2026. Includes Bellwood, Evanston, Naperville, Schaumburg, Downers Grove.
Salary range
| Percentile | Salary |
|---|---|
| 10th | $83,283 |
| 25th | $97,670 |
| 50th (median) | $134,000 |
| 75th | $150,000 |
| 90th | $183,000 |
Salary by year
Median salary
Filings per year
Show as table
| Fiscal year | Median | P25 | P75 | Filings |
|---|---|---|---|---|
| FY2020 | $88,000 | $78,000 | $105,000 | 69 |
| FY2021 | $87,500 | $77,000 | $115,763 | 81 |
| FY2022 | $101,972 | $83,044 | $130,000 | 56 |
| FY2023 | $115,000 | $83,000 | $150,000 | 69 |
| FY2024 | $120,000 | $81,450 | $150,000 | 74 |
| FY2025 | $141,000 | $106,977 | $170,000 | 81 |
| FY2026 | $124,446 | $92,315 | $145,000 | 74 |
Cost of living
Chicago's median mid-level Quantitative Analyst salary of $134,000 is worth about $129,300 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 $134,000, 64% 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 |
|---|---|---|
| Bank of America | $140,500 | 12 |
| DRW Holdings | too few | 9 |
| Radix Trading | too few | 9 |
| IMC Americas | too few | 8 |
| Akuna Capital | too few | 7 |
| Team Belvedere | too few | 7 |
| EY | too few | 5 |
| Balyasny Asset Management, L.P. | too few | 4 |
| Optiver Services | too few | 4 |
| CIBC Bank | 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.