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 11 February 2016 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
11 Feb 2016
Same period 2015 Same period 2014
Quant Developer
Rank 144 171 194
Rank change year-on-year
+27 +23
Contract jobs requiring a Quantitative Developer 9 17 12
As % of all contract IT jobs located in the City of London 0.29% 0.33% 0.20%
As % of the Job Titles category 0.30% 0.35% 0.21%
Number of daily rates quoted 9 17 12
Average daily rate £750 £600 £675
Average daily rate % change year-on-year
+25.00% -11.11%
90% offered a daily rate of more than £600 £540 £605
10% offered a daily rate of more than £900 £760 £745
UK excluding London average daily rate £375 £1,000 -
% change year-on-year
-62.50% -
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
3005 4884 5656
As % of all contract IT jobs located in the City of London 95.52% 95.00% 94.99%
Number of daily rates quoted 2360 3750 4065
Average daily rate £475 £450 £450
Average daily rate % change year-on-year
+5.55% -
90% offered a daily rate of more than £300 £275 £275
10% offered a daily rate of more than £625 £600 £625
UK excluding London average daily rate £375 £375 £350
% change year-on-year
- +7.14%
Number of hourly rates quoted 51 81 91
Average hourly rate £19.99 £18.00 £20.00
Average hourly rate % change year-on-year
+11.06% -10.00%
90% offered a hourly rate of more than £12.00 £12.50 £13.00
10% offered a hourly rate of more than £53.00 £27.37 £30.95
UK excluding London average hourly rate £17.50 £16.50 £16.50
% change year-on-year
+6.06% -

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 11 February 2016.

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 11 February 2016, 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 34 (91.89%) C++
2 31 (83.78%) Finance
3 23 (62.16%) Python
4 19 (51.35%) Derivative
5 18 (48.65%) Front Office
6 16 (43.24%) Degree
7 13 (35.14%) Mathematics
8 12 (32.43%) VBA
9 9 (24.32%) Fixed Income
10 8 (21.62%) C#
11 7 (18.92%) Interest Rate Derivative
11 7 (18.92%) Credit Risk
11 7 (18.92%) Electronic Trading
11 7 (18.92%) Analytics
12 6 (16.22%) SciPy
12 6 (16.22%) NumPy
12 6 (16.22%) Computer Science
12 6 (16.22%) Econometrics
12 6 (16.22%) Banking
12 6 (16.22%) C
12 6 (16.22%) Pandas
13 5 (13.51%) PhD
13 5 (13.51%) Foreign Exchange (FX)
14 4 (10.81%) Credit Derivative
14 4 (10.81%) Software Engineering
14 4 (10.81%) SQL
15 3 (8.11%) Investment Banking
15 3 (8.11%) XML
15 3 (8.11%) Physics
16 2 (5.41%) SQL Server Analysis Services

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

For the 6 months to 11 February 2016, 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 1 (2.70%) Spreadsheet
Cloud Services
1 2 (5.41%) Cloud Computing
1 2 (5.41%) Microsoft Azure
Database & Business Intelligence
1 2 (5.41%) Microsoft Analysis Services
1 2 (5.41%) SQL Server
1 2 (5.41%) SQL Server Analysis Services
General
1 31 (83.78%) Finance
2 18 (48.65%) Front Office
3 6 (16.22%) Banking
4 3 (8.11%) Investment Banking
Libraries, Frameworks & Software Standards
1 6 (16.22%) NumPy
1 6 (16.22%) Pandas
1 6 (16.22%) SciPy
2 3 (8.11%) XML
3 2 (5.41%) Django
3 2 (5.41%) PyXLL
Miscellaneous
1 19 (51.35%) Derivative
2 13 (35.14%) Mathematics
3 9 (24.32%) Fixed Income
4 7 (18.92%) Credit Risk
4 7 (18.92%) Interest Rate Derivative
5 6 (16.22%) Computer Science
6 5 (13.51%) Foreign Exchange (FX)
7 4 (10.81%) Credit Derivative
8 3 (8.11%) Physics
9 2 (5.41%) Grid Computing
10 1 (2.70%) Market Risk
10 1 (2.70%) Statistics
10 1 (2.70%) Swaptions
Operating Systems
1 2 (5.41%) Windows
Processes & Methodologies
1 7 (18.92%) Analytics
1 7 (18.92%) Electronic Trading
2 6 (16.22%) Econometrics
3 4 (10.81%) Software Engineering
4 2 (5.41%) Functional Programming
4 2 (5.41%) Investment Management
4 2 (5.41%) Multithreading
4 2 (5.41%) TDD
4 2 (5.41%) Web Development
5 1 (2.70%) Monte Carlo Method
5 1 (2.70%) Numerical Analysis
5 1 (2.70%) Probability Theory
5 1 (2.70%) Risk Management
5 1 (2.70%) Stochastic Calculus
5 1 (2.70%) Technical Analysis
Programming Languages
1 34 (91.89%) C++
2 23 (62.16%) Python
3 12 (32.43%) VBA
4 8 (21.62%) C#
5 6 (16.22%) C
6 4 (10.81%) SQL
7 2 (5.41%) MATLAB
7 2 (5.41%) PowerShell
7 2 (5.41%) R
8 1 (2.70%) Java
8 1 (2.70%) Tcl
Qualifications
1 16 (43.24%) Degree
2 5 (13.51%) PhD
Vendors
1 2 (5.41%) Oracle
2 1 (2.70%) Murex