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 31 October 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
31 Oct 2014
Same period 2013 Same period 2012
Quant Developer
Rank 191 212 198
Rank change year-on-year
+21 -14
Contract jobs requiring a Quantitative Developer 16 13 18
As % of all contract IT jobs located in the City of London 0.27% 0.18% 0.26%
As % of the Job Titles category 0.29% 0.20% 0.28%
Number of daily rates quoted 16 12 17
Average daily rate
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£650 £650 £650
90% offered a daily rate of more than £400 £515 £565
10% offered a daily rate of more than £850 £768 £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
5598 6659 6481
As % of all contract IT jobs located in the City of London 92.93% 92.58% 92.96%
Number of daily rates quoted 4229 4859 4739
Average daily rate £450 £450 £450
90% offered a daily rate of more than £270 £275 £275
10% offered a daily rate of more than £600 £613 £615
UK excluding London average daily rate £363 £350 £350
% change year-on-year
+3.57% -
Number of hourly rates quoted 101 127 155
Average hourly rate £17.50 £19.50 £19.50
Average hourly rate % change year-on-year
-10.25% -
90% offered a hourly rate of more than £12.00 £11.50 £11.50
10% offered a hourly rate of more than £30.35 £40.00 £44.00
UK excluding London average hourly rate £16.00 £16.50 £17.50
% change year-on-year
-3.03% -5.71%

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 31 October 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 31 October 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 (70.59%) C#
2 22 (64.71%) C++
3 18 (52.94%) Computer Science
3 18 (52.94%) Analytics
4 17 (50.00%) Degree
4 17 (50.00%) Foreign Exchange (FX)
4 17 (50.00%) Front Office
5 15 (44.12%) Windows
5 15 (44.12%) Banking
6 13 (38.24%) Software Engineering
6 13 (38.24%) Linux
7 12 (35.29%) Python
7 12 (35.29%) Investment Banking
8 11 (32.35%) Perl
8 11 (32.35%) Validation
9 8 (23.53%) Finance
9 8 (23.53%) .NET
10 6 (17.65%) OO
10 6 (17.65%) Risk Management
10 6 (17.65%) Mathematics
11 5 (14.71%) Agile Software Development
11 5 (14.71%) Low Latency
11 5 (14.71%) VBA
12 4 (11.76%) Multithreading
12 4 (11.76%) Monte Carlo Method
12 4 (11.76%) Physics
12 4 (11.76%) Algorithms
13 3 (8.82%) Derivative
13 3 (8.82%) KDB
13 3 (8.82%) Algorithmic Trading

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

For the 6 months to 31 October 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 (5.88%) MS Office
Database & Business Intelligence
1 3 (8.82%) KDB
Development Applications
1 2 (5.88%) Subversion
General
1 17 (50.00%) Front Office
2 15 (44.12%) Banking
3 12 (35.29%) Investment Banking
4 8 (23.53%) Finance
Libraries, Frameworks & Software Standards
1 8 (23.53%) .NET
2 2 (5.88%) WCF
3 1 (2.94%) WPF
3 1 (2.94%) Boost C++ Libraries
3 1 (2.94%) HTML5
3 1 (2.94%) STL
3 1 (2.94%) HTML
Miscellaneous
1 18 (52.94%) Computer Science
2 17 (50.00%) Foreign Exchange (FX)
3 6 (17.65%) Mathematics
4 4 (11.76%) Physics
4 4 (11.76%) Algorithms
5 3 (8.82%) Analytical Skills
5 3 (8.82%) Fixed Income
5 3 (8.82%) Derivative
6 2 (5.88%) Market Risk
7 1 (2.94%) Interest Rate Derivative
7 1 (2.94%) Statistics
7 1 (2.94%) Grid Computing
7 1 (2.94%) Client/Server
Operating Systems
1 15 (44.12%) Windows
2 13 (38.24%) Linux
Processes & Methodologies
1 18 (52.94%) Analytics
2 13 (38.24%) Software Engineering
3 11 (32.35%) Validation
4 6 (17.65%) OO
4 6 (17.65%) Risk Management
5 5 (14.71%) Agile Software Development
5 5 (14.71%) Low Latency
6 4 (11.76%) Multithreading
6 4 (11.76%) Monte Carlo Method
7 3 (8.82%) Algorithmic Trading
8 2 (5.88%) Asset Management
8 2 (5.88%) Risk Assessment
8 2 (5.88%) Software Architecture
8 2 (5.88%) Risk Analytics
8 2 (5.88%) OOP
9 1 (2.94%) Technical Analysis
9 1 (2.94%) People Management
Programming Languages
1 24 (70.59%) C#
2 22 (64.71%) C++
3 12 (35.29%) Python
4 11 (32.35%) Perl
5 5 (14.71%) VBA
6 3 (8.82%) MATLAB
6 3 (8.82%) SQL
6 3 (8.82%) VB
6 3 (8.82%) Java
7 2 (5.88%) VB6
Qualifications
1 17 (50.00%) Degree
2 1 (2.94%) PhD
Vendors
1 2 (5.88%) TIBCO
2 1 (2.94%) DataSynapse
City, London
TEKsystems
Rate: £750 - £950 per day
Posted: Yesterday
City, London
Hays Finance Technology
Rate: £600 - £700 per day + Excellent & Neg
Posted: 4 days ago