Quantitative Developer Contracts in the City of London

Quant Developer
Central London > City of London

The median Quant Developer daily rate in the City of London is £850 according to job vacancies posted during the 6 months to 16 April 2024.

The first table below provides contractor rate benchmarking and summary statistics including a comparison to same period in the previous 2 years.

6 months to
16 Apr 2024
Same period 2023 Same period 2022
Rank 111 157 188
Rank change year-on-year +46 +31 -70
Contract jobs requiring a Quantitative Developer 18 21 12
As % of all contract jobs advertised in the City of London 0.80% 0.56% 0.28%
As % of the Job Titles category 0.85% 0.59% 0.30%
Number of daily rates quoted 11 8 5
10th Percentile £463 £659 £551
25th Percentile £806 £663 £628
Median daily rate (50th Percentile) £850 £754 £700
Median % change year-on-year +12.81% +7.64% -2.61%
75th Percentile £981 £847 £750
90th Percentile £1,038 £928 £878
Central London median daily rate £875 £754 £700
% change year-on-year +16.12% +7.64% -2.61%

All Contract IT Job Vacancies
City of London

The following table is for comparison with the above and includes summary statistics for all contract IT job vacancies advertised in the City of London. Most job vacancies include a discernible job title that can be normalized. As such, the figures in the second row provide an indication of the number of contract jobs in our overall sample.

Contract vacancies in the City of London with a recognized job title 2,128 3,557 4,059
% of contract IT jobs with a recognized job title 94.96% 95.21% 94.57%
Number of daily rates quoted 1,516 2,396 3,077
10th Percentile £350 £350 £369
25th Percentile £450 £463 £475
Median daily rate (50th Percentile) £563 £595 £565
Median % change year-on-year -5.46% +5.31% +7.62%
75th Percentile £688 £725 £675
90th Percentile £789 £820 £775
Central London median daily rate £550 £575 £560
% change year-on-year -4.35% +2.68% +6.67%
Number of hourly rates quoted 18 31 50
10th Percentile £15.73 £15.50 £13.74
25th Percentile £19.99 £18.48 £18.50
Median hourly rate £22.75 £35.00 £37.25
Median % change year-on-year -35.00% -6.04% +77.47%
75th Percentile £27.38 £58.75 £51.50
90th Percentile £43.08 £85.00 £62.83
Central London median hourly rate £25.78 £35.00 £37.25
% change year-on-year -26.34% -6.04% +77.47%

Quantitative Developer
Job Vacancy Trend in the City of London

Job postings that featured Quantitative Developer in the job title as a proportion of all IT jobs advertised in the City of London.

Job vacancy trend for Quantitative Developer in the City of London

Quantitative Developer
Contractor Daily Rate Trend in the City of London

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

Daily rate trend for Quantitative Developer in the City of London

Quantitative Developer
Daily Rate Histogram in the City of London

Daily rate distribution for jobs citing Quantitative Developer in the City of London over the 6 months to 16 April 2024.

Daily rate histogram for Quantitative Developer in the City of London

Quantitative Developer Skill Set
Top 30 Co-occurring Skills and Capabilities in the City of London

For the 6 months to 16 April 2024, Quantitative Developer contract job roles required the following skills and capabilities in order of popularity. The figures indicate the absolute number co-occurrences and as a proportion of all contract job ads across the City of London region featuring Quantitative Developer in the job title.

1 14 (77.78%) Python
2 11 (61.11%) C#
2 11 (61.11%) Finance
3 9 (50.00%) Analytical Skills
3 9 (50.00%) Problem-Solving
4 8 (44.44%) SDLC
4 8 (44.44%) DevOps
5 7 (38.89%) SQL
5 7 (38.89%) SQL Server
6 6 (33.33%) Agile
7 5 (27.78%) Front Office
7 5 (27.78%) Java
7 5 (27.78%) Pandas
7 5 (27.78%) Algorithms
7 5 (27.78%) NumPy
7 5 (27.78%) Mathematics
7 5 (27.78%) User Acceptance Testing
7 5 (27.78%) CI/CD
8 4 (22.22%) Social Skills
8 4 (22.22%) Greenfield Project
8 4 (22.22%) Computer Science
8 4 (22.22%) Software Engineering
8 4 (22.22%) Degree
8 4 (22.22%) Equities
8 4 (22.22%) Banking
8 4 (22.22%) Derivative
8 4 (22.22%) Retail Banking
9 3 (16.67%) Technical Architecture
9 3 (16.67%) C++
9 3 (16.67%) Project Management

Quantitative Developer Skill Set
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:

Application Platforms
1 1 (5.56%) MQSeries
Cloud Services
1 3 (16.67%) AWS
1 3 (16.67%) Azure
2 2 (11.11%) Azure DevOps
2 2 (11.11%) GitHub
Database & Business Intelligence
1 7 (38.89%) SQL Server
2 2 (11.11%) NoSQL
3 1 (5.56%) PostgreSQL
General
1 11 (61.11%) Finance
2 9 (50.00%) Analytical Skills
3 5 (27.78%) Front Office
4 4 (22.22%) Banking
4 4 (22.22%) Retail Banking
4 4 (22.22%) Social Skills
5 3 (16.67%) Investment Banking
6 1 (5.56%) Electronics
6 1 (5.56%) Retail
Libraries, Frameworks & Software Standards
1 5 (27.78%) NumPy
1 5 (27.78%) Pandas
2 2 (11.11%) Matplotlib
2 2 (11.11%) SciPy
3 1 (5.56%) .NET
3 1 (5.56%) AngularJS
3 1 (5.56%) React
3 1 (5.56%) Rendezvous
Miscellaneous
1 5 (27.78%) Algorithms
2 4 (22.22%) Derivative
2 4 (22.22%) Equities
2 4 (22.22%) Greenfield Project
3 3 (16.67%) Market Risk
4 1 (5.56%) Fixed Income
4 1 (5.56%) Foreign Exchange (FX)
4 1 (5.56%) Hedge funds
Processes & Methodologies
1 9 (50.00%) Problem-Solving
2 8 (44.44%) DevOps
2 8 (44.44%) SDLC
3 6 (33.33%) Agile
4 5 (27.78%) CI/CD
4 5 (27.78%) Mathematics
4 5 (27.78%) User Acceptance Testing
5 4 (22.22%) Computer Science
5 4 (22.22%) Software Engineering
6 3 (16.67%) Data Modelling
6 3 (16.67%) Project Management
6 3 (16.67%) Software Architecture
6 3 (16.67%) Technical Architecture
6 3 (16.67%) Test Automation
7 2 (11.11%) Analytics
7 2 (11.11%) Data Analysis
7 2 (11.11%) Data Pipeline
7 2 (11.11%) Performance Optimisation
7 2 (11.11%) Product Requirements
7 2 (11.11%) Visualisation
Programming Languages
1 14 (77.78%) Python
2 11 (61.11%) C#
3 7 (38.89%) SQL
4 5 (27.78%) Java
5 3 (16.67%) C++
6 2 (11.11%) Rust
7 1 (5.56%) JavaScript
7 1 (5.56%) TypeScript
Qualifications
1 4 (22.22%) Degree
2 3 (16.67%) Master's Degree
3 1 (5.56%) Computer Science Degree
3 1 (5.56%) PhD
Vendors
1 1 (5.56%) IBM
1 1 (5.56%) Solace
1 1 (5.56%) TIBCO