Quantitative Trader Average Salary in Copenhagen 2024

How much money does a person working as Quantitative Trader make in Copenhagen?

Average Monthly Salary

43,200 DKK

( 519,000 DKK yearly)

LOW
19,900
DKK AVERAGE
43,200
DKK HIGH
68,700
DKK

Quantitative Trader Pay Scale and Salaries in Copenhagen

Salary Structure and Pay Scale Comparison

5% of people earn
41,000 DKK or more

10% of people earn
35,900 to 41,000 DKK

20% of people earn
24,700 DKK or less

65% of people earn
24,700 to 35,900 DKK

Minimum Salary 19,900 DKK

Median 41,300 DKK

Maximum 68,700 DKK

Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range

• Salary Range, Minimum Wage, and Starting Salary

  Salaries for the position Quantitative Trader in Copenhagen range from 19,900 DKK (starting salary) to 68,700 DKK (maximum salary). It should be noted that the given figure is not the legally mandated minimum wage; rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions of the country.

• Median Salary

  With a median salary of 41,300 DKK, half of the professionals who work as Quantitative Trader in Copenhagen earn less than this amount, and the other half earn more. The median salary denotes the middle value of salaries. Ideally, you would want to belong to the group earning more than the median salary, located on the right side of the salary distribution graph.

• Percentiles and Salary Scale

  The median is closely associated with two other values known as the 25th and 75th percentiles. By examining the salary distribution chart, it can be determined that 25% of professionals employed as Quantitative Trader in Copenhagen earn less than 33,300 DKK, while 75% earn more. Similarly, the chart shows that 75% earn less than 47,600 DKK while 25% earn more.

• Pay Scale Structure

  To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. This approach provides a more precise representation of salary distribution for the job title Quantitative Trader in Copenhagen compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 24,700 DKK to 35,900 DKK. About 20% of salaries are below the 24,700 DKK mark, while 10% fall within the range of 35,900 DKK to 41,000 DKK. Only 5% of individuals have salaries exceeding 41,000 DKK.

Salary Comparison by Years of Experience / Quantitative Trader / Copenhagen

How do experience and age affect pay?

The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage. We broke down salaries by experience level for people working as Quantitative Trader and this is what we found.

Employees with less than two years of experience earn approximately 22,600 DKK.

While someone with an experience level between two and five years is expected to earn 30,100 DKK, 34% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 44,500 DKK, 48% more than someone with two to five years of experience.

Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 54,300 DKK, 22% more than someone with five to ten years of experience.

If the experience level is between fifteen and twenty years, then the expected wage is 59,200 DKK, 9% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 64,100 DKK, 8% more than people with fifteen to twenty years of experience.

Typical Salary Progress for Most Careers

Salary Comparison By Education / Quantitative Trader / Copenhagen

How do education levels affect salaries?

Displayed below is the average salary variance between different education levels of professionals working as Quantitative Trader.

We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down salaries by education level for the position Quantitative Trader in order to make a comparison.

Level 1: High School

Employees at this education level have an average salary of 27,700 DKK.

Level 2: Certificate or Diploma

At this level, the average salary becomes 32,600 DKK, 18% more than the previous level.

Level 3: Bachelor's Degree

At this level, the average salary becomes 47,200 DKK, 45% more than the previous level.

Level 4: Master's Degree

At this level, the average salary becomes 61,900 DKK, 31% more than the previous level.

Typical Salary Difference by Education for Most Careers

Salary and Compensation Comparison By Gender / Quantitative Trader / Copenhagen

Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? For the people who work as Quantitative Trader in Denmark, the average difference between the salary of male and female employees is 4%.

Salary Comparison By Gender in Denmark for all Careers

Average Annual Salary Increment Percentage / Quantitative Trader / Copenhagen

How much are annual salary increments in Copenhagen for individuals working as Quantitative Trader? How often do employees get salary raises?

Individuals working as Quantitative Trader in Denmark are likely to observe a salary increase of approximately % every months. The national average annual increment for all professions combined is 9% granted to employees every 15 months.

Denmark / All Professions

The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare that people get their salaries reviewed exactly on the one-year mark, it is more meaningful to know the frequency and the rate at the time of the increase.

How to calculate the salary increment percentage?

The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 / Increase Frequency

Worldwide Salary Raises: All Countries and All Jobs

Bonus and Incentive Rates / Quantitative Trader / Denmark

How much and how often are bonuses being awarded?

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100% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while % said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from % to % of their annual salary.

Received Bonus		%
No Bonus		100%

Types of Bonuses Considered

Individual Performance-Based Bonuses

The most standard form of bonus, where the employee is awarded based on their exceptional performance.

Company Performance Bonuses

Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.

Goal-Based Bonuses

Granted upon achieving an important goal or milestone.

Holiday / End of Year Bonuses

These types of bonuses are given without a reason and usually resemble an appreciation token.

Bonuses Are Not Commissions!

People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.

What makes a position worthy of good bonuses and a high salary?

Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.

Bonus Comparison by Seniority Level

Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.

Average Hourly Wage / Quantitative Trader / Copenhagen

250 DKK per hour

The average hourly wage (pay per hour) for individuals working as Quantitative Trader in Copenhagen is 250 DKK.This is the rate they get paid for every worked hour.

About The Hourly Pay Rate

The hourly wage is the salary paid in one worked hour. Usually, jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fixed amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.

What is the minimum hourly rate of pay?

The minimum pay rate per hour for people working as Quantitative Trader in Copenhagen is 110 DKK. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

Salary comparison with similar jobs

Accounting and Finance		-100%
Account Examiner	23,300 DKK	-46%
Account Executive	38,000 DKK	-12%
Accountant	30,100 DKK	-30%
Accounting Analyst	36,700 DKK	-15%
Accounting Assistant	24,200 DKK	-44%
Accounting Associate	23,100 DKK	-47%
Accounting Clerk	18,800 DKK	-56%
Accounting Coordinator	28,000 DKK	-35%
Accounting Head	60,200 DKK	+39%
Accounting Manager	64,700 DKK	+50%
Accounting Officer	22,900 DKK	-47%
Accounting Specialist	43,100 DKK	-0%
Accounting Supervisor	42,500 DKK	-2%
Accounting Technician	22,400 DKK	-48%
Accounting Unit Controller	51,600 DKK	+19%
Accounts Executive	38,800 DKK	-10%
Accounts Officer	23,200 DKK	-46%
Accounts Payable and Receivable Specialist	30,100 DKK	-30%
Accounts Payable Assistant	23,800 DKK	-45%
Accounts Payable Associate	27,200 DKK	-37%
Accounts Payable Clerk	23,300 DKK	-46%
Accounts Payable Manager	63,800 DKK	+48%
Accounts Receivable Administrator	46,500 DKK	+8%
Accounts Receivable Clerk	22,400 DKK	-48%
Accounts Receivable Financial Analyst	45,300 DKK	+5%
Accounts Receivable Manager	60,400 DKK	+40%
Accounts Receivable Team Leader	44,200 DKK	+2%
Algorithmic Trading Specialist	52,000 DKK	+20%
Assistant Accountant	24,700 DKK	-43%
Assistant Accounting Manager	58,700 DKK	+36%
Assistant Auditor	30,700 DKK	-29%
Assistant Corporate Controller	43,100 DKK	-0%
Assistant Finance Manager	67,300 DKK	+56%
Assistant Financial Controller	41,800 DKK	-3%
Audit Director	72,700 DKK	+68%
Audit Supervisor	53,900 DKK	+25%
Auditing Clerk	23,200 DKK	-46%
Auditing Manager	62,700 DKK	+45%
Billing Clerk	24,200 DKK	-44%
Billing Coordinator	27,000 DKK	-38%
Billing Specialist	31,700 DKK	-27%
Billing Supervisor	45,600 DKK	+6%
Bookkeeper	20,300 DKK	-53%
Bookkeeping Specialist	30,600 DKK	-29%
Budget Analyst	54,500 DKK	+26%
Budget Manager	60,800 DKK	+41%
Business Support Analyst	34,600 DKK	-20%
Capital Markets Associate	47,300 DKK	+9%
Cash Flow Analyst	45,900 DKK	+6%
Cash Management Manager	62,000 DKK	+43%
Cash Management Officer	37,100 DKK	-14%
Cashbook Clerk	21,800 DKK	-50%
Chartered Accountant	38,400 DKK	-11%
Chief Accountant	44,800 DKK	+4%
Chief Financial Technology Officer	61,400 DKK	+42%
Collections Clerk	19,300 DKK	-55%
Collections Representative	26,000 DKK	-40%
Collections Specialist	32,300 DKK	-25%
Corporate Controller	49,500 DKK	+15%
Corporate Treasurer	60,600 DKK	+40%
Cost Accountant	29,800 DKK	-31%
Cost Accounting Manager	58,600 DKK	+36%
Cost Accounting Supervisor	50,200 DKK	+16%
Cost Analyst	48,500 DKK	+12%
Credit and Collection Manager	58,900 DKK	+36%
Credit and Collection Staff	23,000 DKK	-47%
Credit and Loans Officer	22,700 DKK	-47%
Credit Controller	44,600 DKK	+3%
Credit Manager	67,300 DKK	+56%
Debt Adviser	53,000 DKK	+23%
Debt Collector	24,100 DKK	-44%
Debtors Clerk	21,900 DKK	-49%
Debtors Controller	22,900 DKK	-47%
Deputy CFO	86,000 DKK	+99%
Deputy Head of Finance	82,600 DKK	+91%
Derivative Trader	52,900 DKK	+22%
Director of Finance	95,400 DKK	+120%
E-commerce Accountant	31,400 DKK	-27%
Economist	71,100 DKK	+65%
Equity Analyst	56,800 DKK	+31%
Escrow Assistant	26,900 DKK	-38%
Executive Accountant	35,300 DKK	-18%
External Auditor	43,600 DKK	+1%
Finance Administrator	37,400 DKK	-13%
Finance Analyst	56,100 DKK	+30%
Finance Associate	26,000 DKK	-40%
Finance Data Analyst	48,700 DKK	+13%
Finance Director	90,800 DKK	+110%
Finance Executive	66,000 DKK	+53%
Finance Licensing Clerk	22,700 DKK	-47%
Finance Licensing Manager	61,800 DKK	+43%
Finance Licensing Specialist	32,700 DKK	-24%
Finance Manager	88,900 DKK	+110%
Finance Officer	30,900 DKK	-28%
Finance President	95,400 DKK	+120%
Finance Relationship Manager	70,500 DKK	+63%
Finance Release Analyst	35,300 DKK	-18%
Finance Specialist	48,900 DKK	+13%
Finance Team Leader	70,000 DKK	+62%
Financial Accountant	30,700 DKK	-29%
Financial Actuary	46,100 DKK	+7%
Financial Administrator	50,500 DKK	+17%
Financial Advisor	55,300 DKK	+28%
Financial Analyst	58,300 DKK	+35%
Financial Applications Specialist	39,700 DKK	-8%
Financial Assistant	23,800 DKK	-45%
Financial Associate	30,000 DKK	-31%
Financial Claims Analyst	41,900 DKK	-3%
Financial Claims Manager	57,100 DKK	+32%
Financial Claims Supervisor	49,400 DKK	+14%
Financial Clerk	22,800 DKK	-47%
Financial Commercial Analyst	44,400 DKK	+3%
Financial Compliance Analyst	47,700 DKK	+10%
Financial Compliance Officer	49,200 DKK	+14%
Financial Consultant	40,300 DKK	-7%
Financial Controller	50,500 DKK	+17%
Financial Coordinator	27,900 DKK	-35%
Financial Customer Service Manager	55,100 DKK	+28%
Financial Data Scientist	59,500 DKK	+38%
Financial Dealer and Broker	34,000 DKK	-21%
Financial Director	87,200 DKK	+100%
Financial Encoder	26,100 DKK	-40%
Financial Manager	83,600 DKK	+93%
Financial Modelling Analyst	53,500 DKK	+24%
Financial Operations Manager	78,400 DKK	+81%
Financial Policy Analyst	49,100 DKK	+14%
Financial Project Manager	60,800 DKK	+41%
Financial Quantitative Analyst	52,900 DKK	+22%
Financial Reporting Consultant	44,400 DKK	+3%
Financial Reporting Manager	60,600 DKK	+40%
Financial Section Head	57,600 DKK	+33%
Financial Services Manager	78,400 DKK	+81%
Financial Services Sales Agent	32,600 DKK	-25%
Financial Technology Consultant	48,400 DKK	+12%
Financial Wellness Coach	65,000 DKK	+50%
FinTech Analyst	50,800 DKK	+18%
Fixed Assets Administrator	32,000 DKK	-26%
Forensic Accountant	35,600 DKK	-18%
Fraud Detection Supervisor	38,300 DKK	-11%
Fraud Prevention Manager	65,300 DKK	+51%
Fund Accountant	28,500 DKK	-34%
Grants Coordinator	23,800 DKK	-45%
Green Finance Analyst	46,200 DKK	+7%
Group Financial Manager	92,700 DKK	+110%
Internal Auditor	42,800 DKK	-1%
Internal Control Adviser	48,800 DKK	+13%
Internal Control Officer	27,900 DKK	-35%
International Tax Director	71,500 DKK	+65%
Inventory Accountant	33,600 DKK	-22%
Investment Advisor	82,300 DKK	+90%
Investment Analyst	62,600 DKK	+45%
Investment Associate	50,600 DKK	+17%
Investment Broker	49,500 DKK	+15%
Investment Fund Manager	69,300 DKK	+60%
Investment Operations Manager	67,900 DKK	+57%
Investment Underwriter	27,200 DKK	-37%
Investor	41,100 DKK	-5%
Investor Relations Manager	59,600 DKK	+38%
KYC Team Leader	61,300 DKK	+42%
Loan Processor	24,500 DKK	-43%
Management Accountant	34,300 DKK	-21%
Management Economist	69,000 DKK	+60%
Paymaster	24,800 DKK	-43%
Payroll Administrator	40,900 DKK	-5%
Payroll Benefits Coordinator	33,600 DKK	-22%
Payroll Billing Manager	57,300 DKK	+33%
Payroll Clerk	27,900 DKK	-35%
Payroll Manager	54,500 DKK	+26%
Payroll Officer	28,100 DKK	-35%
Payroll Specialist	31,400 DKK	-27%
Payroll Supervisor	39,200 DKK	-9%
Pensions Administrator	31,400 DKK	-27%
Personal Financial Advisor	46,700 DKK	+8%
Pricing Analyst	49,400 DKK	+14%
Private Equity Analyst	57,300 DKK	+33%
Project Accountant	33,700 DKK	-22%
Proposal Development Coordinator	26,300 DKK	-39%
Quantitative Trader	43,200 DKK	-0%
Receivables Accountant	29,000 DKK	-33%
Regulatory Accountant	35,400 DKK	-18%
Retirement Plan Analyst	49,500 DKK	+15%
Revenue Management Specialist	53,000 DKK	+23%
Revenue Recognition Analyst	59,700 DKK	+38%
Risk Management Director	75,300 DKK	+74%
Risk Management Supervisor	63,800 DKK	+48%
Staff Accountant	28,800 DKK	-33%
Tax Accountant	28,200 DKK	-35%
Tax Administrator	35,000 DKK	-19%
Tax Advisor	46,100 DKK	+7%
Tax Analyst	47,500 DKK	+10%
Tax Associate	26,100 DKK	-40%
Tax Consultant	51,000 DKK	+18%
Tax Director	69,100 DKK	+60%
Tax Examiner	34,000 DKK	-21%
Tax Manager	61,500 DKK	+42%
Tax Research Manager	63,400 DKK	+47%
Teller	19,000 DKK	-56%
Treasury Accountant	32,400 DKK	-25%
Treasury Analyst	51,500 DKK	+19%
Underwriter	20,700 DKK	-52%
Underwriting Assistant	20,100 DKK	-53%
Vice President of Finance	85,100 DKK	+97%

Salary Comparison By City

Government vs Private Sector Salary Comparison

Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in Denmark is 6% on average across all career fields.

Salary Statistics and Calculation Guide

What is considered to be a good and competitive salary for the job title Quantitative Trader in Copenhagen?

A good and competitive compensation would range anywhere between 41,300 DKK and 47,600 DKK. This is a very rough estimate. Experience and education play a very huge part in the final earnings.

Gross Salary (before tax) and Net Salary (after tax)

All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

Base / Basic Salary

The base salary for a careers like Quantitative Trader in Copenhagen ranges from 19,900 DKK to 33,300 DKK. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.