The table below looks at the statistics for the Quantitative Developer role in IT contracts advertised for the City of London region. Included is a guide to the average contractor rates offered in IT contracts that have cited Quantitative Developer in their job title over the 3 months to 23 September 2014 with a comparison to the same period in the previous 2 years.

Note that daily contractor rates and hourly contractor rates are treated separately. When calculating average contractor rates, daily rates are not derived from quoted hourly rates or vice versa.

Location
3 months to
23 Sep 2014
Same period 2013 Same period 2012
Quant Developer
Rank 187 200 210
Rank change year-on-year
+13 +10
Contract jobs requiring a Quantitative Developer 10 17 18
As % of all contract IT jobs located in the City of London 0.17% 0.24% 0.23%
As % of the Job Titles category 0.18% 0.26% 0.25%
Number of daily rates quoted 9 15 16
Average daily rate
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£650 £650 £650
90% offered a daily rate of more than £520 £600 £550
10% offered a daily rate of more than £800 £745 £675
UK excluding London average daily rate - - -
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
Quantitative Developer
London

The following table is for comparison with the above and provides statistics for the entire Job Titles category in contract jobs advertised in the City of London region. Most job vacancies include a discernible job title. As such the figures in the first row provide an indication of the total number of contract jobs in the overall sample.

Job Titles Category
City of London
Contract IT job ads with a match in the
Job Titles category
5419 6628 7304
As % of all contract IT jobs located in the City of London 92.51% 92.32% 92.77%
Number of daily rates quoted 3970 4833 5221
Average daily rate £450 £450 £450
90% offered a daily rate of more than £275 £275 £275
10% offered a daily rate of more than £600 £600 £600
UK excluding London average daily rate £360 £350 £350
% change year-on-year
+2.85% -
Number of hourly rates quoted 104 132 182
Average hourly rate £17.50 £19.50 £19.00
Average hourly rate % change year-on-year
-10.25% +2.63%
90% offered a hourly rate of more than £12.00 £11.50 £11.00
10% offered a hourly rate of more than £32.82 £28.50 £42.70
UK excluding London average hourly rate £16.50 £16.00 £17.50
% change year-on-year
+3.12% -8.57%

Quantitative Developer
Jobs Demand Trend in the City of London

This chart provides a 3-month moving total of IT contractor jobs citing Quantitative Developer in the job title across the City of London region as a proportion of the total demand within the Job Titles category.

Quantitative Developer Jobs Demand Trend in the City of London

Quantitative Developer
Daily Rate Trend in the City of London

This chart provides the 3-month moving average for daily rates quoted in IT contract jobs citing Quantitative Developer across the City of London region.

Quantitative Developer Daily Rate Trend in the City of London

Quantitative Developer
Daily Rate Histogram in the City of London

This chart provides a histogram of daily rates quoted in contract IT jobs citing Quantitative Developer across the City of London region over the 3 months to 23 September 2014.

Quantitative Developer Daily Rate Histogram in the City of London

Quantitative Developer
Top 30 Related IT Skills in the City of London

For the 6 months to 23 September 2014, IT contractor jobs across the City of London region that cited Quantitative Developer in their job title mentioned the following IT skills in order of popularity. The figures indicate the number of jobs and their proportion against the total number of contract IT job ads sampled with Quantitative Developer in their job title.

1 24 (72.73%) C++
2 22 (66.67%) C#
3 19 (57.58%) Front Office
4 17 (51.52%) Banking
4 17 (51.52%) Degree
4 17 (51.52%) Computer Science
4 17 (51.52%) Foreign Exchange (FX)
5 16 (48.48%) Windows
5 16 (48.48%) Linux
5 16 (48.48%) Software Engineering
5 16 (48.48%) Analytics
6 15 (45.45%) Investment Banking
6 15 (45.45%) Python
6 15 (45.45%) Validation
7 14 (42.42%) Perl
8 6 (18.18%) VBA
9 5 (15.15%) Fixed Income
9 5 (15.15%) Monte Carlo Method
9 5 (15.15%) Mathematics
9 5 (15.15%) Finance
10 4 (12.12%) Agile Software Development
10 4 (12.12%) Multithreading
10 4 (12.12%) Risk Management
11 3 (9.09%) .NET
11 3 (9.09%) Java
11 3 (9.09%) PhD
11 3 (9.09%) VB
11 3 (9.09%) Low Latency
11 3 (9.09%) KDB
11 3 (9.09%) OO

Quantitative Developer
Top Related IT Skills in the City of London by Category

For the 6 months to 23 September 2014, IT contractor jobs across the City of London region that cited Quantitative Developer in their job title mentioned the following IT skills grouped by category. The figures indicate the number of jobs and their proportion against the total number of contract IT job ads sampled with Quantitative Developer in their job title. Up to 20 skills are shown per category.

Applications
1 2 (6.06%) MS Office
Database & Business Intelligence
1 3 (9.09%) KDB
Development Applications
1 2 (6.06%) Subversion
General
1 19 (57.58%) Front Office
2 17 (51.52%) Banking
3 15 (45.45%) Investment Banking
4 5 (15.15%) Finance
Libraries, Frameworks & Software Standards
1 3 (9.09%) .NET
2 2 (6.06%) STL
2 2 (6.06%) WCF
2 2 (6.06%) Boost C++ Libraries
Miscellaneous
1 17 (51.52%) Foreign Exchange (FX)
1 17 (51.52%) Computer Science
2 5 (15.15%) Fixed Income
2 5 (15.15%) Mathematics
3 2 (6.06%) Physics
3 2 (6.06%) Derivative
3 2 (6.06%) Market Risk
3 2 (6.06%) Analytical Skills
4 1 (3.03%) CUDA
4 1 (3.03%) Statistics
4 1 (3.03%) Grid Computing
4 1 (3.03%) Equities
Operating Systems
1 16 (48.48%) Windows
1 16 (48.48%) Linux
Processes & Methodologies
1 16 (48.48%) Software Engineering
1 16 (48.48%) Analytics
2 15 (45.45%) Validation
3 5 (15.15%) Monte Carlo Method
4 4 (12.12%) Multithreading
4 4 (12.12%) Agile Software Development
4 4 (12.12%) Risk Management
5 3 (9.09%) OO
5 3 (9.09%) Algorithmic Trading
5 3 (9.09%) Low Latency
6 2 (6.06%) Asset Management
6 2 (6.06%) OOP
7 1 (3.03%) OOA/OOD
7 1 (3.03%) Technical Analysis
7 1 (3.03%) People Management
Programming Languages
1 24 (72.73%) C++
2 22 (66.67%) C#
3 15 (45.45%) Python
4 14 (42.42%) Perl
5 6 (18.18%) VBA
6 3 (9.09%) Java
6 3 (9.09%) VB
7 2 (6.06%) SQL
7 2 (6.06%) VB6
8 1 (3.03%) Scala
8 1 (3.03%) MATLAB
Qualifications
1 17 (51.52%) Degree
2 3 (9.09%) PhD
Vendors
1 1 (3.03%) TIBCO
City, London
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