The first table below looks at the demand 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 May 2013 with a comparison to the same period in the previous 2 years. The second table is for comparison and provides aggregates for all Job Titles advertised for the City of London region.

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 May 2013
Same period 2012 Same period 2011
Quant Developer
Rank 190 211 195
Rank change year-on-year
+21 -16
Contract jobs requiring a Quantitative Developer 9 8 50
As % of all contract IT jobs located in the City of London 0.142% 0.102% 0.501%
As % of the Job Titles category 0.153% 0.111% 0.546%
Number of daily rates quoted 9 6 42
Average daily rate £550 £625 £650
Average daily rate % change year-on-year
-12.00% -3.84%
UK excluding London average daily rate - £775 -
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
All Job Titles
City of London
Contract IT job ads with a match in the
Job Titles category
5876 7201 9157
As % of all contract IT jobs located in the City of London 92.51% 91.48% 91.83%
Number of daily rates quoted 4326 5182 6677
Average daily rate £450 £450 £500
Average daily rate % change year-on-year
- -10.00%
90% offered a daily rate of more than £288 £275 £325
10% offered a daily rate of more than £600 £625 £650
UK excluding London average daily rate £350 £350 £350
Number of hourly rates quoted 136 179 197
Average hourly rate £20.00 £20.00 £19.50
Average hourly rate % change year-on-year
- +2.56%
90% offered a hourly rate of more than £11.50 £12.50 £12.50
10% offered a hourly rate of more than £135.00 £41.25 £41.38
UK excluding London average hourly rate £17.50 £18.00 £20.00
% change year-on-year
-2.77% -10.00%
Quantitative Developer
London

Quantitative Developer
Jobs Demand Trend

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

City of London Quantitative Developer Jobs Demand Trend

Quantitative Developer
Daily Rate Trend

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.

City of London Quantitative Developer Daily Rate Trend

Quantitative Developer
Top 30 Related IT Skills

For the 6 months to 23 May 2013, 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 9 (90.00%) Front Office
1 9 (90.00%) C++
2 8 (80.00%) Analytics
2 8 (80.00%) Mathematics
3 7 (70.00%) Physics
4 6 (60.00%) Fixed Income
5 5 (50.00%) PhD
5 5 (50.00%) Derivative
6 3 (30.00%) Software Engineering
6 3 (30.00%) Risk Management
6 3 (30.00%) Finance
6 3 (30.00%) VBA
7 2 (20.00%) Windows
7 2 (20.00%) Linux
7 2 (20.00%) Postgraduate
7 2 (20.00%) VB
7 2 (20.00%) Bond Adapt
7 2 (20.00%) Degree
7 2 (20.00%) Computer Science
7 2 (20.00%) Multithreading
8 1 (10.00%) Jenkins
8 1 (10.00%) Credit Risk
8 1 (10.00%) Ruby
8 1 (10.00%) Banking
8 1 (10.00%) Retail
8 1 (10.00%) Asset Management
8 1 (10.00%) Investment Banking
8 1 (10.00%) Grid Computing
8 1 (10.00%) Python
8 1 (10.00%) Ant

Quantitative Developer
Top Related IT Skills by Category

For the 6 months to 23 May 2013, 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.

Application Development
1 1 (10.00%) STL
Business Applications
1 2 (20.00%) Bond Adapt
Development Applications
1 1 (10.00%) Jenkins
1 1 (10.00%) Ant
General
1 9 (90.00%) Front Office
2 3 (30.00%) Finance
3 1 (10.00%) Banking
3 1 (10.00%) Retail
3 1 (10.00%) Investment Banking
Miscellaneous
1 8 (80.00%) Mathematics
2 7 (70.00%) Physics
3 6 (60.00%) Fixed Income
4 5 (50.00%) Derivative
5 2 (20.00%) Computer Science
6 1 (10.00%) Credit Risk
6 1 (10.00%) Grid Computing
Operating Systems
1 2 (20.00%) Windows
1 2 (20.00%) Linux
Processes & Methodologies
1 8 (80.00%) Analytics
2 3 (30.00%) Software Engineering
2 3 (30.00%) Risk Management
3 2 (20.00%) Multithreading
4 1 (10.00%) Asset Management
Programming Languages
1 9 (90.00%) C++
2 3 (30.00%) VBA
3 2 (20.00%) VB
4 1 (10.00%) Ruby
4 1 (10.00%) Python
4 1 (10.00%) Java
4 1 (10.00%) Perl
Qualifications
1 5 (50.00%) PhD
2 2 (20.00%) Postgraduate
2 2 (20.00%) Degree
City, London
Key Requirements: - Expert C++, very strong experience with STL - Strong mathematical skills - Derivatives pricing (ideally fixed income) - Experience as either a Quant Developer or a Front Office Developer -...
Nicoll Curtin
Rate: £550 - £650 per day
Posted: 17 May 2013