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 22 December 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
22 Dec 2014
Same period 2013 Same period 2012
Quant Developer
Rank 180 191 199
Rank change year-on-year
+11 +8
Contract jobs requiring a Quantitative Developer 21 10 6
As % of all contract IT jobs located in the City of London 0.37% 0.15% 0.099%
As % of the Job Titles category 0.40% 0.16% 0.11%
Number of daily rates quoted 21 8 5
Average daily rate
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£600 £650 £575
Average daily rate % change year-on-year
-7.69% +13.04%
90% offered a daily rate of more than £500 £485 £465
10% offered a daily rate of more than £850 £708 £620
UK excluding London average daily rate £1,000 - £600
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
5219 6286 5637
As % of all contract IT jobs located in the City of London 92.83% 93.46% 93.02%
Number of daily rates quoted 4044 4571 4200
Average daily rate £448 £450 £450
Average daily rate % change year-on-year
-0.55% -
90% offered a daily rate of more than £270 £275 £275
10% offered a daily rate of more than £612 £625 £600
UK excluding London average daily rate £375 £350 £350
% change year-on-year
+7.14% -
Number of hourly rates quoted 91 113 144
Average hourly rate £17.50 £20.00 £20.00
Average hourly rate % change year-on-year
-12.50% -
90% offered a hourly rate of more than £11.59 £12.75 £13.00
10% offered a hourly rate of more than £23.00 £35.10 £49.00
UK excluding London average hourly rate £16.00 £17.00 £18.00
% change year-on-year
-5.88% -5.55%

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 22 December 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 22 December 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 18 (58.06%) C++
2 15 (48.39%) Finance
3 13 (41.94%) C#
4 11 (35.48%) Foreign Exchange (FX)
5 10 (32.26%) Front Office
5 10 (32.26%) Analytics
6 9 (29.03%) Mathematics
7 8 (25.81%) .NET
7 8 (25.81%) Risk Management
7 8 (25.81%) Degree
7 8 (25.81%) Computer Science
8 7 (22.58%) Python
9 6 (19.35%) OO
9 6 (19.35%) Agile Software Development
9 6 (19.35%) Derivative
9 6 (19.35%) Physics
10 5 (16.13%) Windows
10 5 (16.13%) PhD
10 5 (16.13%) Banking
10 5 (16.13%) Multithreading
10 5 (16.13%) Low Latency
10 5 (16.13%) Algorithms
11 4 (12.90%) SQL
11 4 (12.90%) VBA
11 4 (12.90%) MATLAB
11 4 (12.90%) Validation
11 4 (12.90%) Software Engineering
11 4 (12.90%) Monte Carlo Method
11 4 (12.90%) Analytical Skills
12 3 (9.68%) Java

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

For the 6 months to 22 December 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 (6.45%) MS Office
Database & Business Intelligence
1 3 (9.68%) KDB
Development Applications
1 3 (9.68%) Subversion
General
1 15 (48.39%) Finance
2 10 (32.26%) Front Office
3 5 (16.13%) Banking
4 1 (3.23%) Investment Banking
Libraries, Frameworks & Software Standards
1 8 (25.81%) .NET
2 1 (3.23%) ASP.NET
2 1 (3.23%) STL
2 1 (3.23%) FIX Protocol
2 1 (3.23%) WPF
2 1 (3.23%) Boost C++ Libraries
2 1 (3.23%) HTML5
2 1 (3.23%) HTML
Miscellaneous
1 11 (35.48%) Foreign Exchange (FX)
2 9 (29.03%) Mathematics
3 8 (25.81%) Computer Science
4 6 (19.35%) Physics
4 6 (19.35%) Derivative
5 5 (16.13%) Algorithms
6 4 (12.90%) Analytical Skills
7 3 (9.68%) Market Risk
8 2 (6.45%) Statistics
8 2 (6.45%) Fixed Income
8 2 (6.45%) Equities
9 1 (3.23%) Artificial Intelligence
9 1 (3.23%) Grid Computing
9 1 (3.23%) Client/Server
9 1 (3.23%) Interest Rate Derivative
Operating Systems
1 5 (16.13%) Windows
2 3 (9.68%) Linux
Processes & Methodologies
1 10 (32.26%) Analytics
2 8 (25.81%) Risk Management
3 6 (19.35%) OO
3 6 (19.35%) Agile Software Development
4 5 (16.13%) Low Latency
4 5 (16.13%) Multithreading
5 4 (12.90%) Monte Carlo Method
5 4 (12.90%) Software Engineering
5 4 (12.90%) Validation
6 3 (9.68%) Algorithmic Trading
7 2 (6.45%) Risk Assessment
7 2 (6.45%) Software Architecture
7 2 (6.45%) OOP
7 2 (6.45%) Risk Analytics
8 1 (3.23%) Equity Research
8 1 (3.23%) Performance Tuning
8 1 (3.23%) Technical Analysis
8 1 (3.23%) Time Series Analysis
8 1 (3.23%) People Management
8 1 (3.23%) Linear Algebra
Programming Languages
1 18 (58.06%) C++
2 13 (41.94%) C#
3 7 (22.58%) Python
4 4 (12.90%) MATLAB
4 4 (12.90%) SQL
4 4 (12.90%) VBA
5 3 (9.68%) Java
6 1 (3.23%) Perl
Qualifications
1 8 (25.81%) Degree
2 5 (16.13%) PhD
Vendors
1 2 (6.45%) TIBCO
2 1 (3.23%) DataSynapse
2 1 (3.23%) Oracle
City, London
TEKsystems
Rate: £550 - £650 per day
Posted: 5 days ago
City of London
Huxley Banking & Financial Services
Rate: £650 - £750 per day
Posted: 11 days ago