Quantitative Finance Contracts in Central London

Quantitative Finance (Mathematical Finance)
London > Central London

The following table provides summary statistics for contract job vacancies advertised in Central London with a requirement for Quantitative Finance skills. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Quantitative Finance over the 6 months to 29 April 2024 with a comparison to the same period in the previous 2 years.

6 months to
29 Apr 2024
Same period 2023 Same period 2022
Rank 135 174 197
Rank change year-on-year +39 +23 -
Contract jobs citing Quantitative Finance 3 1 3
As % of all contract jobs advertised in Central London 0.12% 0.026% 0.066%
As % of the Processes & Methodologies category 0.13% 0.028% 0.072%
Number of daily rates quoted 1 1 2
10th Percentile - - -
25th Percentile £813 - £600
Median daily rate (50th Percentile) £825 £750 £650
Median % change year-on-year +10.00% +15.38% -
75th Percentile £838 - £700
90th Percentile - - -
London median daily rate £850 £800 £750
% change year-on-year +6.25% +6.67% -

All Process and Methodology Skills
Central London

Quantitative Finance is in the Processes and Methodologies category. The following table is for comparison with the above and provides summary statistics for all contract job vacancies advertised in Central London with a requirement for process or methodology skills.

Contract vacancies with a requirement for process or methodology skills 2,226 3,536 4,160
As % of all contract IT jobs advertised in Central London 90.52% 91.63% 91.57%
Number of daily rates quoted 1,578 2,400 3,184
10th Percentile £350 £325 £375
25th Percentile £450 £463 £475
Median daily rate (50th Percentile) £550 £600 £570
Median % change year-on-year -8.33% +5.26% +8.57%
75th Percentile £688 £725 £675
90th Percentile £800 £825 £775
London median daily rate £550 £590 £575
% change year-on-year -6.78% +2.61% +9.52%
Number of hourly rates quoted 27 28 42
10th Percentile £19.52 £15.43 £18.50
25th Percentile £22.25 £18.50 £24.25
Median hourly rate £27.81 £35.00 £41.00
Median % change year-on-year -20.54% -14.63% +105.00%
75th Percentile £36.50 £58.75 £52.50
90th Percentile £56.15 £88.30 £65.43
London median hourly rate £28.50 £38.13 £36.00
% change year-on-year -25.25% +5.90% +10.87%

Quantitative Finance
Job Vacancy Trend in Central London

Job postings citing Quantitative Finance as a proportion of all IT jobs advertised in Central London.

Job vacancy trend for Quantitative Finance in Central London

Quantitative Finance
Contractor Daily Rate Trend in Central London

3-month moving average daily rate quoted in jobs citing Quantitative Finance in Central London.

Daily rate trend for Quantitative Finance in Central London

Quantitative Finance
Contract Job Locations in Central London

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Quantitative Finance within the Central London region over the 6 months to 29 April 2024. The 'Rank Change' column provides an indication of the change in demand within each location based on the same 6 month period last year.

Location Rank Change
on Same Period
Last Year
Matching
Contract
IT Job Ads
Median
Daily Rate
Past 6 Months
Median Daily Rate
% Change
on Same Period
Last Year
Live
Jobs
City of London +54 3 £825 +10.00% 1
Quantitative Finance
London

Quantitative Finance
Co-occurring Skills and Capabilities in Central London by Category

The follow tables expand on the table above by listing co-occurrences grouped by category. The same employment type, locality and period is covered with up to 20 co-occurrences shown in each of the following categories:

Database & Business Intelligence
1 1 (33.33%) Relational Database
General
1 3 (100.00%) Finance
2 2 (66.67%) Banking
2 2 (66.67%) Investment Banking
3 1 (33.33%) Analytical Skills
3 1 (33.33%) Financial Institution
3 1 (33.33%) Social Skills
Job Titles
1 3 (100.00%) Developer
2 2 (66.67%) Quantitative Developer
3 1 (33.33%) Python Developer
Miscellaneous
1 1 (33.33%) Algorithms
1 1 (33.33%) Market Risk
Processes & Methodologies
1 2 (66.67%) Computer Science
1 2 (66.67%) Validation
2 1 (33.33%) Architectural Patterns
2 1 (33.33%) Clean Code
2 1 (33.33%) Code Quality
2 1 (33.33%) Collaborative Culture
2 1 (33.33%) Customer Requirements
2 1 (33.33%) Data Integration
2 1 (33.33%) Data Validation
2 1 (33.33%) End-to-End Testing
2 1 (33.33%) Functional Programming
2 1 (33.33%) High Availability
2 1 (33.33%) Low Latency
2 1 (33.33%) OO
2 1 (33.33%) OOP
2 1 (33.33%) Problem-Solving
2 1 (33.33%) Prototyping
2 1 (33.33%) Rapid Prototyping
2 1 (33.33%) Systematic Trading
2 1 (33.33%) Test Automation
Programming Languages
1 3 (100.00%) Python
2 2 (66.67%) C#
2 2 (66.67%) C++
3 1 (33.33%) Java
3 1 (33.33%) SQL
Qualifications
1 1 (33.33%) Degree
1 1 (33.33%) Master's Degree
1 1 (33.33%) PhD