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 28 July 2014 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
28 Jul 2014
Same period 2013 Same period 2012
Quant Developer
Rank 186 181 227
Rank change year-on-year
-5 +46
Contract jobs requiring a Quantitative Developer 17 32 5
As % of all contract IT jobs located in the City of London 0.29% 0.45% 0.064%
As % of the Job Titles category 0.32% 0.49% 0.069%
Number of daily rates quoted 17 28 4
Average daily rate
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£650 £600 £600
Average daily rate % change year-on-year
+8.33% -
90% offered a daily rate of more than £630 £550 £340
10% offered a daily rate of more than £700 £683 £703
UK excluding London average daily rate - - -
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
Job Titles Category
City of London
Contract IT job ads with a match in the
Job Titles category
5382 6585 7214
As % of all contract IT jobs located in the City of London 92.00% 92.59% 92.25%
Number of daily rates quoted 3926 4836 5254
Average daily rate £450 £450 £450
90% offered a daily rate of more than £255 £275 £275
10% offered a daily rate of more than £600 £600 £600
UK excluding London average daily rate £350 £350 £350
Number of hourly rates quoted 91 170 166
Average hourly rate £18.46 £20.00 £20.00
Average hourly rate % change year-on-year
-7.70% -
90% offered a hourly rate of more than £12.00 £12.00 £12.50
10% offered a hourly rate of more than £32.82 £50.90 £41.15
UK excluding London average hourly rate £16.50 £17.00 £18.50
% change year-on-year
-2.94% -8.10%
Quantitative Developer
London

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 July 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 28 July 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 46 (95.83%) C++
2 30 (62.50%) Analytics
3 26 (54.17%) Degree
4 25 (52.08%) Banking
5 24 (50.00%) C#
6 23 (47.92%) Windows
6 23 (47.92%) Linux
6 23 (47.92%) Python
7 22 (45.83%) Front Office
8 21 (43.75%) Validation
8 21 (43.75%) Software Engineering
8 21 (43.75%) Computer Science
9 20 (41.67%) Foreign Exchange (FX)
9 20 (41.67%) Perl
10 19 (39.58%) Investment Banking
11 16 (33.33%) Fixed Income
12 10 (20.83%) Finance
13 9 (18.75%) VBA
14 7 (14.58%) STL
14 7 (14.58%) Derivative
14 7 (14.58%) Boost C++ Libraries
15 6 (12.50%) PhD
16 5 (10.42%) Scala
16 5 (10.42%) Mathematics
17 4 (8.33%) Monte Carlo Method
18 3 (6.25%) Multithreading
18 3 (6.25%) Credit Derivative
18 3 (6.25%) .NET
18 3 (6.25%) SQL
18 3 (6.25%) VB

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

For the 6 months to 28 July 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.

Database & Business Intelligence
1 2 (4.17%) SQL Server
1 2 (4.17%) SQL Server 2008
General
1 25 (52.08%) Banking
2 22 (45.83%) Front Office
3 19 (39.58%) Investment Banking
4 10 (20.83%) Finance
5 1 (2.08%) Financial Institution
Libraries, Frameworks & Software Standards
1 7 (14.58%) STL
1 7 (14.58%) Boost C++ Libraries
2 3 (6.25%) .NET
3 2 (4.17%) ADO.NET Entity Framework
3 2 (4.17%) .NET Framework
3 2 (4.17%) WCF
3 2 (4.17%) jQuery
Miscellaneous
1 21 (43.75%) Computer Science
2 20 (41.67%) Foreign Exchange (FX)
3 16 (33.33%) Fixed Income
4 7 (14.58%) Derivative
5 5 (10.42%) Mathematics
6 3 (6.25%) Credit Derivative
7 2 (4.17%) Credit Risk
7 2 (4.17%) Physics
7 2 (4.17%) Client/Server
7 2 (4.17%) Equities
8 1 (2.08%) Grid Computing
8 1 (2.08%) Interest Rate Derivative
8 1 (2.08%) Equity Derivative
8 1 (2.08%) Statistics
8 1 (2.08%) CUDA
8 1 (2.08%) Hybrid Derivative
8 1 (2.08%) Applied Mathematics
Operating Systems
1 23 (47.92%) Windows
1 23 (47.92%) Linux
Processes & Methodologies
1 30 (62.50%) Analytics
2 21 (43.75%) Validation
2 21 (43.75%) Software Engineering
3 4 (8.33%) Monte Carlo Method
4 3 (6.25%) Multithreading
5 2 (4.17%) Portfolio Management
5 2 (4.17%) Risk Management
5 2 (4.17%) Asset Management
5 2 (4.17%) OOA/OOD
6 1 (2.08%) Regression Testing
6 1 (2.08%) Risk Assessment
6 1 (2.08%) Quantitative Analysis
6 1 (2.08%) Stochastic Calculus
6 1 (2.08%) Technical Analysis
Programming Languages
1 46 (95.83%) C++
2 24 (50.00%) C#
3 23 (47.92%) Python
4 20 (41.67%) Perl
5 9 (18.75%) VBA
6 5 (10.42%) Scala
7 3 (6.25%) SQL
7 3 (6.25%) VB
8 2 (4.17%) MATLAB
8 2 (4.17%) VB6
9 1 (2.08%) F#
9 1 (2.08%) C
9 1 (2.08%) Java
Qualifications
1 26 (54.17%) Degree
2 6 (12.50%) PhD
Quality Assurance & Compliance
1 2 (4.17%) Basel III
2 1 (2.08%) CRD IV
Vendors
1 2 (4.17%) TIBCO