Quantitative Finance Contracts in the City of London

Quantitative Finance (Mathematical Finance)
Central London > City of London

The following table provides summary statistics for contract job vacancies advertised in the City of London with a requirement for Quantitative Finance skills. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Quantitative Finance over the 6 months to 16 April 2024 with a comparison to the same period in the previous 2 years.

6 months to
16 Apr 2024
Same period 2023 Same period 2022
Rank 127 176 197
Rank change year-on-year +49 +21 -
Contract jobs citing Quantitative Finance 2 2 3
As % of all contract jobs advertised in the City of London 0.089% 0.054% 0.070%
As % of the Processes & Methodologies category 0.099% 0.058% 0.076%
Number of daily rates quoted 0 1 2
10th Percentile - - -
25th Percentile - - £600
Median daily rate (50th Percentile) - £750 £650
Median % change year-on-year - +15.38% -
75th Percentile - - £700
90th Percentile - - -
Central London median daily rate - £750 £650
% change year-on-year - +15.38% -

All Process and Methodology Skills
City of London

Quantitative Finance is in the Processes and Methodologies category. The following table is for comparison with the above and provides summary statistics for all contract job vacancies advertised in the City of London with a requirement for process or methodology skills.

Contract vacancies with a requirement for process or methodology skills 2,018 3,428 3,943
As % of all contract IT jobs advertised in the City of London 90.05% 91.76% 91.87%
Number of daily rates quoted 1,426 2,287 3,002
10th Percentile £351 £350 £388
25th Percentile £450 £475 £475
Median daily rate (50th Percentile) £570 £600 £575
Median % change year-on-year -5.00% +4.35% +9.52%
75th Percentile £688 £725 £675
90th Percentile £800 £825 £775
Central London median daily rate £550 £595 £570
% change year-on-year -7.56% +4.39% +8.57%
Number of hourly rates quoted 14 30 40
10th Percentile £17.58 £15.50 £18.30
25th Percentile £19.99 £18.93 £23.44
Median hourly rate £24.00 £37.75 £41.00
Median % change year-on-year -36.42% -7.93% +78.26%
75th Percentile £40.00 £58.75 £52.00
90th Percentile £47.73 £88.30 £62.83
Central London median hourly rate £27.81 £35.00 £41.00
% change year-on-year -20.54% -14.63% +105.00%

Quantitative Finance
Job Vacancy Trend in the City of London

Job postings citing Quantitative Finance as a proportion of all IT jobs advertised in the City of London.

Job vacancy trend for Quantitative Finance in the City of London

Quantitative Finance
Contractor Daily Rate Trend in the City of London

3-month moving average daily rate quoted in jobs citing Quantitative Finance in the City of London.

Daily rate trend for Quantitative Finance in the City of London

Quantitative Finance
Co-occurring Skills and Capabilities in the City of London by Category

The follow tables expand on the table above by listing co-occurrences grouped by category. The same employment type, locality and period is covered with up to 20 co-occurrences shown in each of the following categories:

Database & Business Intelligence
1 1 (50.00%) Relational Database
General
1 2 (100.00%) Finance
2 1 (50.00%) Banking
2 1 (50.00%) Investment Banking
Job Titles
1 2 (100.00%) Developer
2 1 (50.00%) Python Developer
2 1 (50.00%) Quantitative Developer
Miscellaneous
1 1 (50.00%) Market Risk
Processes & Methodologies
1 2 (100.00%) Computer Science
2 1 (50.00%) Architectural Patterns
2 1 (50.00%) Clean Code
2 1 (50.00%) Code Quality
2 1 (50.00%) Collaborative Culture
2 1 (50.00%) Customer Requirements
2 1 (50.00%) Data Integration
2 1 (50.00%) Data Validation
2 1 (50.00%) End-to-End Testing
2 1 (50.00%) Functional Programming
2 1 (50.00%) High Availability
2 1 (50.00%) Low Latency
2 1 (50.00%) OO
2 1 (50.00%) OOP
2 1 (50.00%) Prototyping
2 1 (50.00%) Rapid Prototyping
2 1 (50.00%) Systematic Trading
2 1 (50.00%) Test Automation
2 1 (50.00%) Validation
Programming Languages
1 2 (100.00%) Python
2 1 (50.00%) C#
2 1 (50.00%) C++
2 1 (50.00%) Java
2 1 (50.00%) SQL
Qualifications
1 1 (50.00%) Degree
1 1 (50.00%) Master's Degree
1 1 (50.00%) PhD