Quantitative Finance Contracts in England

Quantitative Finance (Mathematical Finance)
UK > England

The following table provides summary statistics for contract job vacancies advertised in England 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 19 April 2024 with a comparison to the same period in the previous 2 years.

6 months to
19 Apr 2024
Same period 2023 Same period 2022
Rank 513 627 756
Rank change year-on-year +114 +129 -151
Contract jobs citing Quantitative Finance 30 31 23
As % of all contract jobs advertised in England 0.081% 0.061% 0.032%
As % of the Processes & Methodologies category 0.093% 0.067% 0.035%
Number of daily rates quoted 21 20 18
10th Percentile £505 £624 £618
25th Percentile £775 £713 £631
Median daily rate (50th Percentile) £850 £798 £750
Median % change year-on-year +6.58% +6.33% -
75th Percentile £950 £875 £925
90th Percentile £1,100 £889 -
UK median daily rate £850 £798 £750
% change year-on-year +6.58% +6.33% -

All Process and Methodology Skills
England

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 England with a requirement for process or methodology skills.

Contract vacancies with a requirement for process or methodology skills 32,221 46,232 65,229
As % of all contract IT jobs advertised in England 86.59% 90.24% 90.76%
Number of daily rates quoted 21,198 32,361 46,326
10th Percentile £300 £325 £329
25th Percentile £413 £444 £425
Median daily rate (50th Percentile) £525 £550 £533
Median % change year-on-year -4.55% +3.29% +9.23%
75th Percentile £650 £675 £649
90th Percentile £750 £775 £738
UK median daily rate £525 £550 £525
% change year-on-year -4.55% +4.76% +9.38%
Number of hourly rates quoted 2,221 1,634 1,784
10th Percentile £12.86 £10.90 £12.50
25th Percentile £15.89 £16.54 £15.25
Median hourly rate £35.00 £37.50 £24.00
Median % change year-on-year -6.67% +56.25% -
75th Percentile £58.75 £65.00 £49.04
90th Percentile £72.33 £75.00 £63.09
UK median hourly rate £35.00 £36.31 £25.00
% change year-on-year -3.59% +45.22% -

Quantitative Finance
Job Vacancy Trend in England

Job postings citing Quantitative Finance as a proportion of all IT jobs advertised in England.

Job vacancy trend for Quantitative Finance in England

Quantitative Finance
Contractor Daily Rate Trend in England

3-month moving average daily rate quoted in jobs citing Quantitative Finance in England.

Daily rate trend for Quantitative Finance in England

Quantitative Finance
Daily Rate Histogram in England

Daily rate distribution for jobs citing Quantitative Finance in England over the 6 months to 19 April 2024.

Daily rate histogram for Quantitative Finance in England

Quantitative Finance
Contractor Hourly Rate Trend in England

3-month moving average hourly rates quoted in jobs citing Quantitative Finance in England.

Hourly rate trend for Quantitative Finance in England

Quantitative Finance
Contract Job Locations in England

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Quantitative Finance within the England region over the 6 months to 19 April 2024. The 'Rank Change' column provides an indication of the change in demand within each location based on the same 6 month period last year.

Location Rank Change
on Same Period
Last Year
Matching
Contract
IT Job Ads
Median
Daily Rate
Past 6 Months
Median Daily Rate
% Change
on Same Period
Last Year
Live
Jobs
London +107 30 £850 +6.58% 30
Quantitative Finance
UK

Quantitative Finance
Co-occurring Skills and Capabilities in England 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 2 (6.67%) Apache
Applications
1 5 (16.67%) Microsoft Excel
Cloud Services
1 1 (3.33%) AWS
Database & Business Intelligence
1 1 (3.33%) KDB
1 1 (3.33%) Relational Database
Development Applications
1 6 (20.00%) Visual Studio
2 5 (16.67%) Git
General
1 30 (100.00%) Finance
2 13 (43.33%) Banking
3 12 (40.00%) Investment Banking
4 8 (26.67%) Analytical Skills
5 7 (23.33%) Front Office
6 3 (10.00%) Back Office
6 3 (10.00%) Social Skills
7 2 (6.67%) Corporate Banking
7 2 (6.67%) Retail
7 2 (6.67%) Retail Banking
Job Titles
1 16 (53.33%) Analyst
1 16 (53.33%) Qualitative Analyst
1 16 (53.33%) Quantitative Analyst
2 10 (33.33%) Developer
3 6 (20.00%) Quantitative Developer
4 4 (13.33%) Credit Analyst
5 2 (6.67%) C++ Developer
5 2 (6.67%) C++ Quantitative Developer
5 2 (6.67%) Financial Analyst
5 2 (6.67%) Software Engineer
6 1 (3.33%) Analyst Developer
6 1 (3.33%) Consultant
6 1 (3.33%) Graduate
6 1 (3.33%) Graduate Consultant
6 1 (3.33%) KDB Developer
6 1 (3.33%) Python Engineer
6 1 (3.33%) Quantitative Analyst Developer
6 1 (3.33%) Quantitative Consultant
6 1 (3.33%) Quantitative Risk Consultant
6 1 (3.33%) Risk Consultant
Libraries, Frameworks & Software Standards
1 2 (6.67%) gRPC
1 2 (6.67%) NumPy
1 2 (6.67%) Pandas
1 2 (6.67%) REST
Miscellaneous
1 11 (36.67%) Derivative
2 9 (30.00%) Distributed Computing
3 6 (20.00%) Credit Derivative
3 6 (20.00%) Equities
4 5 (16.67%) Algorithms
4 5 (16.67%) Fixed Income
4 5 (16.67%) Foreign Exchange (FX)
5 4 (13.33%) Hedge funds
6 3 (10.00%) Credit Risk
7 2 (6.67%) Data Structures
7 2 (6.67%) Distributed Systems
8 1 (3.33%) Equity Derivative
8 1 (3.33%) Market Risk
Operating Systems
1 6 (20.00%) Linux
2 5 (16.67%) Unix
2 5 (16.67%) Windows
Processes & Methodologies
1 18 (60.00%) Mathematics
2 15 (50.00%) Physics
3 11 (36.67%) Analytics
4 10 (33.33%) Computer Science
5 8 (26.67%) Statistics
6 6 (20.00%) Analytical Modelling
6 6 (20.00%) Model Validation
6 6 (20.00%) Numerical Analysis
7 5 (16.67%) Collaborative Culture
7 5 (16.67%) Data Analytics
7 5 (16.67%) Mathematical Modelling
8 3 (10.00%) Agile
8 3 (10.00%) Backtesting
8 3 (10.00%) OO
9 2 (6.67%) Econometrics
9 2 (6.67%) OOD
9 2 (6.67%) Risk Management
9 2 (6.67%) Software Engineering
9 2 (6.67%) TDD
9 2 (6.67%) Validation
Programming Languages
1 25 (83.33%) Python
2 21 (70.00%) C++
3 9 (30.00%) Java
4 8 (26.67%) C#
4 8 (26.67%) R
5 6 (20.00%) Shell Script
6 5 (16.67%) Perl
6 5 (16.67%) VBA
7 3 (10.00%) PHP
7 3 (10.00%) SQL
Qualifications
1 23 (76.67%) Degree
2 16 (53.33%) Numerate Degree
3 7 (23.33%) Master's Degree
3 7 (23.33%) PhD
4 2 (6.67%) Computer Science Degree
System Software
1 2 (6.67%) Docker
Systems Management
1 2 (6.67%) Kubernetes
Vendors
1 1 (3.33%) Oracle