A person working as Quantitative Trader in Copenhagen typically earns around 43,200 DKK. Salaries range from 19,900 DKK (lowest) to 68,700 DKK (highest).
This is the average salary including housing, transport, and other benefits. Quantitative Trader salaries in Copenhagen vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Minimum Salary 19,900 DKK |
Median 41,300 DKK |
Maximum 68,700 DKK |
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.
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.
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.
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.
0 - 2 Years | 22,600 DKK | |
2 - 5 Years | +34% | 30,100 DKK |
5 - 10 Years | +48% | 44,500 DKK |
10 - 15 Years | +22% | 54,300 DKK |
15 - 20 Years | +9% | 59,200 DKK |
20+ Years | +8% | 64,100 DKK |
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.
High School | 27,700 DKK | |
Certificate or Diploma | +18% | 32,600 DKK |
Bachelor's Degree | +45% | 47,200 DKK |
Master's Degree | +31% | 61,900 DKK |
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.
Employees at this education level have an average salary of 27,700 DKK.
At this level, the average salary becomes 32,600 DKK, 18% more than the previous level.
At this level, the average salary becomes 47,200 DKK, 45% more than the previous level.
At this level, the average salary becomes 61,900 DKK, 31% more than the previous level.
A Master's degree program or any post-graduate program in Denmark costs anywhere from 204,000 DKK to 612,000 DKK and lasts approximately two years. That is quite an investment.
You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.
Many people pursue higher education as a tactic to switch to a higher-paying job. The numbers seem to support the theory. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.
If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.
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%.
Male | 40,600 DKK | |
Female | -4% | 38,900 DKK |
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.
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.
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
Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.
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% |
The most standard form of bonus, where the employee is awarded based on their exceptional performance.
Company Performance BonusesOccasionally, 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 BonusesGranted upon achieving an important goal or milestone.
Holiday / End of Year BonusesThese types of bonuses are given without a reason and usually resemble an appreciation token.
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.
The main two types of jobs | |
Revenue Generators | Supporting Cast |
Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business. | Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations. |
Example: | Example: |
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.
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.
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.
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.
Job Title | Average Salary |
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 | 48,500 DKK | +12% |
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 | 82,800 DKK | +92% |
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% |
City | Average Salary |
Copenhagen | 43,200 DKK |
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.
Private Sector | 39,700 DKK | |
Public Sector | +6% | 42,000 DKK |
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.
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.
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.
Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary
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