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 28 April 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.

3 months to
28 Apr 2016
Same period 2015 Same period 2014
Quant Developer
Rank 154 194 173
Rank change year-on-year
+40 -21
Contract jobs requiring a Quantitative Developer 9 8 39
As % of all contract IT jobs located in the City of London 0.26% 0.15% 0.63%
As % of the Job Titles category 0.27% 0.15% 0.66%
Number of daily rates quoted 8 6 39
Average daily rate £579 £700 £700
Average daily rate % change year-on-year
-17.32% -
90% offered a daily rate of more than £525 £668 £600
10% offered a daily rate of more than £683 £731 £760
UK excluding London average daily rate - £613 -
Number of hourly rates quoted 1 0 0
Average hourly rate £80.00 - -
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
3286 5200 5873
As % of all contract IT jobs located in the City of London 94.78% 95.54% 94.56%
Number of daily rates quoted 2664 3928 4270
Average daily rate £475 £450 £450
Average daily rate % change year-on-year
+5.55% -
90% offered a daily rate of more than £313 £280 £263
10% offered a daily rate of more than £625 £600 £625
UK excluding London average daily rate £390 £375 £350
% change year-on-year
+4.00% +7.14%
Number of hourly rates quoted 43 76 85
Average hourly rate £20.00 £17.98 £20.00
Average hourly rate % change year-on-year
+11.23% -10.10%
90% offered a hourly rate of more than £12.00 £12.50 £12.50
10% offered a hourly rate of more than £43.57 £34.94 £33.75
UK excluding London average hourly rate £17.50 £16.70 £17.45
% change year-on-year
+4.79% -4.29%

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 28 April 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 28 April 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 13 (72.22%) Finance
1 13 (72.22%) C++
2 10 (55.56%) Front Office
3 9 (50.00%) Fixed Income
4 8 (44.44%) Derivative
4 8 (44.44%) VBA
5 6 (33.33%) Python
6 5 (27.78%) Interest Rate Derivative
6 5 (27.78%) Mathematics
6 5 (27.78%) Electronic Trading
7 4 (22.22%) PhD
7 4 (22.22%) C#
7 4 (22.22%) SQL
8 3 (16.67%) Foreign Exchange (FX)
8 3 (16.67%) MATLAB
8 3 (16.67%) Banking
8 3 (16.67%) Credit Risk
8 3 (16.67%) Market Risk
9 2 (11.11%) Haskell
9 2 (11.11%) Investment Management
9 2 (11.11%) Analytics
9 2 (11.11%) Boost C++ Libraries
9 2 (11.11%) Validation
9 2 (11.11%) Oracle
9 2 (11.11%) STL
10 1 (5.56%) OOP
10 1 (5.56%) OO
10 1 (5.56%) Java
10 1 (5.56%) .NET
10 1 (5.56%) SAS

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

For the 6 months to 28 April 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.

Application Platforms
1 1 (5.56%) SAS
General
1 13 (72.22%) Finance
2 10 (55.56%) Front Office
3 3 (16.67%) Banking
4 1 (5.56%) Investment Banking
Libraries, Frameworks & Software Standards
1 2 (11.11%) Boost C++ Libraries
1 2 (11.11%) STL
2 1 (5.56%) .NET
Miscellaneous
1 9 (50.00%) Fixed Income
2 8 (44.44%) Derivative
3 5 (27.78%) Interest Rate Derivative
3 5 (27.78%) Mathematics
4 3 (16.67%) Credit Risk
4 3 (16.67%) Foreign Exchange (FX)
4 3 (16.67%) Market Risk
5 1 (5.56%) Analytical Skills
5 1 (5.56%) Economics
Processes & Methodologies
1 5 (27.78%) Electronic Trading
2 2 (11.11%) Analytics
2 2 (11.11%) Investment Management
2 2 (11.11%) Validation
3 1 (5.56%) Agile Software Development
3 1 (5.56%) Migration
3 1 (5.56%) OO
3 1 (5.56%) OOP
3 1 (5.56%) Risk Analytics
3 1 (5.56%) Risk Management
3 1 (5.56%) Stress Testing
3 1 (5.56%) Technical Analysis
3 1 (5.56%) Test Automation
Programming Languages
1 13 (72.22%) C++
2 8 (44.44%) VBA
3 6 (33.33%) Python
4 4 (22.22%) C#
4 4 (22.22%) SQL
5 3 (16.67%) MATLAB
6 2 (11.11%) Haskell
7 1 (5.56%) Java
7 1 (5.56%) Tcl
Qualifications
1 4 (22.22%) PhD
2 1 (5.56%) Degree
Quality Assurance & Compliance
1 1 (5.56%) QA
Vendors
1 2 (11.11%) Oracle