Quantitative Analyst Contracts in London

Quant Analyst
England > London

The median Quant Analyst daily rate in London is £900 according to job vacancies posted during the 6 months to 19 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
19 Apr 2024
Same period 2023 Same period 2022
Rank 356 427 558
Rank change year-on-year +71 +131 -143
Contract jobs requiring a Quantitative Analyst 35 72 46
As % of all contract jobs advertised in London 0.20% 0.26% 0.12%
As % of the Job Titles category 0.21% 0.28% 0.12%
Number of daily rates quoted 26 37 25
10th Percentile £577 £670 £560
25th Percentile £825 £700 £725
Median daily rate (50th Percentile) £900 £850 £800
Median % change year-on-year +5.88% +6.25% +13.88%
75th Percentile £950 £975 £925
90th Percentile £1,013 £1,110 £956
England median daily rate £900 £850 £813
% change year-on-year +5.88% +4.62% +16.07%

All Contract IT Job Vacancies
London

The following table is for comparison with the above and includes summary statistics for all contract IT job vacancies advertised in 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 London with a recognized job title 16,618 26,148 37,443
% of contract IT jobs with a recognized job title 93.14% 95.28% 95.33%
Number of daily rates quoted 12,014 18,877 27,349
10th Percentile £325 £363 £375
25th Percentile £441 £463 £469
Median daily rate (50th Percentile) £550 £575 £575
Median % change year-on-year -4.35% - +9.52%
75th Percentile £675 £700 £675
90th Percentile £788 £800 £775
England median daily rate £525 £550 £525
% change year-on-year -4.55% +4.76% +10.53%
Number of hourly rates quoted 342 297 456
10th Percentile £16.00 £17.99 £16.50
25th Percentile £20.00 £22.50 £22.08
Median hourly rate £27.81 £35.00 £35.00
Median % change year-on-year -20.54% - +12.90%
75th Percentile £44.50 £60.00 £49.25
90th Percentile £64.95 £76.95 £67.50
England median hourly rate £35.00 £43.86 £22.40
% change year-on-year -20.20% +95.80% -0.09%

Quantitative Analyst
Job Vacancy Trend in London

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

Job vacancy trend for Quantitative Analyst in London

Quantitative Analyst
Contractor Daily Rate Trend in London

3-month moving average daily rate quoted in jobs citing Quantitative Analyst in London.

Daily rate trend for Quantitative Analyst in London

Quantitative Analyst
Daily Rate Histogram in London

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

Daily rate histogram for Quantitative Analyst in London

Quantitative Analyst
Contractor Hourly Rate Trend in London

3-month moving average hourly rates quoted in jobs citing Quantitative Analyst in London.

Hourly rate trend for Quantitative Analyst in London

Quantitative Analyst
Contract Job Locations in London

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Quantitative Analyst within the London 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
Central London +11 2 £859 +1.08% 1
Quantitative Analyst
England

Quantitative Analyst Skill Set
Top 30 Co-occurring Skills and Capabilities in London

For the 6 months to 19 April 2024, Quantitative Analyst 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 London region featuring Quantitative Analyst in the job title.

1 28 (80.00%) Finance
2 18 (51.43%) Banking
2 18 (51.43%) Python
3 16 (45.71%) Investment Banking
3 16 (45.71%) Quantitative Finance
4 15 (42.86%) Analytical Skills
4 15 (42.86%) Analytics
4 15 (42.86%) C++
4 15 (42.86%) Front Office
5 14 (40.00%) C#
5 14 (40.00%) Degree
6 12 (34.29%) Mathematics
6 12 (34.29%) Physics
6 12 (34.29%) Numerate Degree
7 11 (31.43%) Derivative
8 8 (22.86%) Distributed Computing
9 7 (20.00%) Credit Risk
9 7 (20.00%) Stress Testing
9 7 (20.00%) Equities
9 7 (20.00%) Model Validation
9 7 (20.00%) Problem-Solving
9 7 (20.00%) Algorithms
10 6 (17.14%) Retail
10 6 (17.14%) Project Management
10 6 (17.14%) Data Modelling
10 6 (17.14%) Wealth Management
10 6 (17.14%) R
10 6 (17.14%) Software Architecture
10 6 (17.14%) Statistics
10 6 (17.14%) Retail Banking

Quantitative Analyst Skill Set
Co-occurring Skills and Capabilities in 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:

Applications
1 5 (14.29%) Microsoft Excel
Development Applications
1 5 (14.29%) Git
1 5 (14.29%) Visual Studio
General
1 28 (80.00%) Finance
2 18 (51.43%) Banking
3 16 (45.71%) Investment Banking
4 15 (42.86%) Analytical Skills
4 15 (42.86%) Front Office
5 6 (17.14%) Corporate Banking
5 6 (17.14%) Retail
5 6 (17.14%) Retail Banking
6 5 (14.29%) Wholesale Banking
7 3 (8.57%) Back Office
7 3 (8.57%) Social Skills
8 2 (5.71%) International Banking
9 1 (2.86%) Financial Institution
Miscellaneous
1 11 (31.43%) Derivative
2 8 (22.86%) Distributed Computing
3 7 (20.00%) Algorithms
3 7 (20.00%) Credit Risk
3 7 (20.00%) Equities
4 5 (14.29%) Fixed Income
4 5 (14.29%) Foreign Exchange (FX)
5 4 (11.43%) Credit Derivative
5 4 (11.43%) Hedge funds
6 2 (5.71%) Equity Derivative
6 2 (5.71%) Interest Rate Derivative
6 2 (5.71%) Market Risk
Operating Systems
1 5 (14.29%) Linux
1 5 (14.29%) Unix
1 5 (14.29%) Windows
Processes & Methodologies
1 16 (45.71%) Quantitative Finance
2 15 (42.86%) Analytics
3 12 (34.29%) Mathematics
3 12 (34.29%) Physics
4 7 (20.00%) Model Validation
4 7 (20.00%) Problem-Solving
4 7 (20.00%) Stress Testing
5 6 (17.14%) Data Modelling
5 6 (17.14%) Project Management
5 6 (17.14%) Software Architecture
5 6 (17.14%) Statistics
5 6 (17.14%) Wealth Management
6 5 (14.29%) Credit Risk Analysis
6 5 (14.29%) Data Analytics
6 5 (14.29%) Financial Modelling
6 5 (14.29%) Mathematical Modelling
6 5 (14.29%) Numerical Analysis
6 5 (14.29%) Risk Analysis
6 5 (14.29%) Strategic Planning
7 4 (11.43%) Time Series Analysis
Programming Languages
1 18 (51.43%) Python
2 15 (42.86%) C++
3 14 (40.00%) C#
4 6 (17.14%) R
5 5 (14.29%) Java
5 5 (14.29%) Perl
5 5 (14.29%) Shell Script
5 5 (14.29%) VBA
6 2 (5.71%) PHP
6 2 (5.71%) SQL
Qualifications
1 14 (40.00%) Degree
2 12 (34.29%) Numerate Degree
3 2 (5.71%) Master's Degree
3 2 (5.71%) PhD