Quantitative Analyst · Scotland · 2026
Quantitative Analyst salary in Scotland
Quantitative analysts build the mathematical models behind pricing, risk and trading decisions at banks, hedge funds and trading firms. London is one of the world's two dominant markets for the profession. Across Scotland, hiring concentrates in Edinburgh, Glasgow, Aberdeen and Dundee. This guide also covers Quantitative Developer and Quantitative Researcher roles — titles UK official statistics class within the same occupation.
The ladder
| Level | Range | Lower end | Median | Upper end |
|---|---|---|---|---|
| Junior | £38,000 | £44,500 | £67,000 | |
| Mid | £61,000 | £72,000 | £108,000 | |
| Senior | £81,000 | £95,000 | £142,500 | |
| Lead | £105,500 | £124,000 | £186,000 |
About these figures: the medians are ONS ASHE 2025 figures for Scotland, aligned to the “Actuaries, economists and statisticians” occupation (SOC 2433). The lower and upper ends, and the junior-to-lead steps, are modelled from those medians with fixed ratios rather than measured separately. Inside Morganson, the salary check also blends in live salaries from employers' own job ads.
By region vs the UK median
| London | £110,000 | +22% |
|---|---|---|
| South East England | £85,000 | −6% |
| North West England | £70,000 | −22% |
| Yorkshire | £65,000 | −28% |
| Scotland | £72,000 | −20% |
Scotland's mid-level median of £72,000 sits 20% below the UK-wide £90,000. The senior median is 2.1× the junior one, and the top of the ladder reaches £186,000 — a level about one in ten lead roles passes.
Quantitative Analyst pay across the UK →
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