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 20 August 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
20 Aug 2014
Same period 2013 Same period 2012
Quant Developer
Rank 182 202 219
Rank change year-on-year
+20 +17
Contract jobs requiring a Quantitative Developer 16 28 12
As % of all contract IT jobs located in the City of London 0.28% 0.38% 0.15%
As % of the Job Titles category 0.30% 0.41% 0.16%
Number of daily rates quoted 15 24 10
Average daily rate
Keep up to 90%
of your Daily Rate
Get a Free Illustration
£650 £631 £650
Average daily rate % change year-on-year
+2.97% -2.88%
90% offered a daily rate of more than £585 £600 £520
10% offered a daily rate of more than £700 £700 £680
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
5314 6820 7348
As % of all contract IT jobs located in the City of London 91.89% 92.59% 92.39%
Number of daily rates quoted 3846 5000 5346
Average daily rate £450 £450 £450
90% offered a daily rate of more than £275 £275 £288
10% offered a daily rate of more than £600 £600 £600
UK excluding London average daily rate £350 £350 £340
% change year-on-year
- +2.94%
Number of hourly rates quoted 95 147 170
Average hourly rate £18.00 £19.50 £20.00
Average hourly rate % change year-on-year
-7.69% -2.50%
90% offered a hourly rate of more than £12.69 £13.50 £11.50
10% offered a hourly rate of more than £35.00 £35.00 £44.00
UK excluding London average hourly rate £16.50 £17.00 £18.68
% change year-on-year
-2.94% -8.98%

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 20 August 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 20 August 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 40 (85.11%) C++
2 25 (53.19%) Analytics
3 24 (51.06%) C#
4 23 (48.94%) Banking
4 23 (48.94%) Degree
5 22 (46.81%) Front Office
6 21 (44.68%) Windows
6 21 (44.68%) Linux
7 20 (42.55%) Python
7 20 (42.55%) Software Engineering
8 19 (40.43%) Computer Science
8 19 (40.43%) Foreign Exchange (FX)
9 18 (38.30%) Validation
9 18 (38.30%) Investment Banking
10 17 (36.17%) Perl
11 14 (29.79%) Fixed Income
12 9 (19.15%) Finance
12 9 (19.15%) VBA
13 7 (14.89%) STL
13 7 (14.89%) Derivative
13 7 (14.89%) Boost C++ Libraries
14 6 (12.77%) Mathematics
14 6 (12.77%) Monte Carlo Method
15 5 (10.64%) PhD
16 4 (8.51%) Risk Management
16 4 (8.51%) Multithreading
16 4 (8.51%) Scala
17 3 (6.38%) Credit Derivative
17 3 (6.38%) OO
17 3 (6.38%) .NET

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

For the 6 months to 20 August 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 (4.26%) MS Office
Database & Business Intelligence
1 1 (2.13%) SQL Server
1 1 (2.13%) KDB
1 1 (2.13%) SQL Server 2008
Development Applications
1 2 (4.26%) Subversion
General
1 23 (48.94%) Banking
2 22 (46.81%) Front Office
3 18 (38.30%) Investment Banking
4 9 (19.15%) Finance
5 1 (2.13%) Financial Institution
Libraries, Frameworks & Software Standards
1 7 (14.89%) STL
1 7 (14.89%) Boost C++ Libraries
2 3 (6.38%) .NET
3 2 (4.26%) WCF
4 1 (2.13%) jQuery
4 1 (2.13%) .NET Framework
4 1 (2.13%) ADO.NET Entity Framework
Miscellaneous
1 19 (40.43%) Foreign Exchange (FX)
1 19 (40.43%) Computer Science
2 14 (29.79%) Fixed Income
3 7 (14.89%) Derivative
4 6 (12.77%) Mathematics
5 3 (6.38%) Credit Derivative
6 2 (4.26%) Statistics
6 2 (4.26%) Credit Risk
6 2 (4.26%) Market Risk
6 2 (4.26%) Physics
7 1 (2.13%) CUDA
7 1 (2.13%) Client/Server
7 1 (2.13%) Applied Mathematics
7 1 (2.13%) Hybrid Derivative
7 1 (2.13%) Interest Rate Derivative
7 1 (2.13%) Equity Derivative
7 1 (2.13%) Grid Computing
7 1 (2.13%) Equities
Operating Systems
1 21 (44.68%) Windows
1 21 (44.68%) Linux
Processes & Methodologies
1 25 (53.19%) Analytics
2 20 (42.55%) Software Engineering
3 18 (38.30%) Validation
4 6 (12.77%) Monte Carlo Method
5 4 (8.51%) Multithreading
5 4 (8.51%) Risk Management
6 3 (6.38%) OO
7 2 (4.26%) OOP
7 2 (4.26%) Asset Management
8 1 (2.13%) Risk Assessment
8 1 (2.13%) OOA/OOD
8 1 (2.13%) Regression Testing
8 1 (2.13%) Stochastic Calculus
8 1 (2.13%) Quantitative Analysis
8 1 (2.13%) Algorithmic Trading
8 1 (2.13%) Portfolio Management
8 1 (2.13%) Low Latency
8 1 (2.13%) Technical Analysis
Programming Languages
1 40 (85.11%) C++
2 24 (51.06%) C#
3 20 (42.55%) Python
4 17 (36.17%) Perl
5 9 (19.15%) VBA
6 4 (8.51%) Scala
7 3 (6.38%) SQL
7 3 (6.38%) VB
8 2 (4.26%) VB6
9 1 (2.13%) F#
9 1 (2.13%) MATLAB
9 1 (2.13%) C
9 1 (2.13%) Java
Qualifications
1 23 (48.94%) Degree
2 5 (10.64%) PhD
Quality Assurance & Compliance
1 2 (4.26%) Basel III
2 1 (2.13%) CRD IV
Vendors
1 2 (4.26%) TIBCO
City, London
Harrington Starr
Rate: £700 per day
Posted: 11 hours ago
City, London
Harrington Starr
Rate: £500 - £800 per day
Posted: 2 days ago
City, London
Aston Carter
Rate: £750 - £850 per day
Posted: 6 days ago