The table below looks at the statistics for the Quantitative Developer role in IT contracts advertised for the 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 8 February 2016 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
8 Feb 2016
Same period 2015 Same period 2014
Quant Developer
Rank 356 358 379
Rank change year-on-year
+2 +21
Contract jobs requiring a Quantitative Developer 52 60 34
As % of all contract IT jobs located in London 0.25% 0.28% 0.16%
As % of the Job Titles category 0.26% 0.30% 0.17%
Number of daily rates quoted 47 54 30
Average daily rate £675 £625 £675
Average daily rate % change year-on-year
+8.00% -7.40%
90% offered a daily rate of more than £595 £525 £548
10% offered a daily rate of more than £760 £722 £755
UK excluding London average daily rate £375 £813 -
% change year-on-year
-53.84% -
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
Quantitative Developer
England

The following table is for comparison with the above and provides statistics for the entire Job Titles category in contract jobs advertised in the 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
London
Contract IT job ads with a match in the
Job Titles category
20061 20060 20469
As % of all contract IT jobs located in London 94.75% 94.51% 94.74%
Number of daily rates quoted 14232 14223 13899
Average daily rate £450 £450 £435
Average daily rate % change year-on-year
- +3.44%
90% offered a daily rate of more than £290 £275 £270
10% offered a daily rate of more than £625 £600 £600
UK excluding London average daily rate £375 £375 £350
% change year-on-year
- +7.14%
Number of hourly rates quoted 312 342 392
Average hourly rate £17.50 £18.00 £20.00
Average hourly rate % change year-on-year
-2.77% -10.00%
90% offered a hourly rate of more than £11.00 £12.50 £13.50
10% offered a hourly rate of more than £47.53 £37.00 £42.50
UK excluding London average hourly rate £17.50 £16.50 £16.50
% change year-on-year
+6.06% -

Quantitative Developer
Jobs Demand Trend in London

This chart provides a 3-month moving total of IT contractor jobs citing Quantitative Developer in the job title across the London region as a proportion of the total demand within the Job Titles category.

Quantitative Developer Jobs Demand Trend in London

Quantitative Developer
Daily Rate Trend in London

This chart provides the 3-month moving average for daily rates quoted in IT contract jobs citing Quantitative Developer across the London region.

Quantitative Developer Daily Rate Trend in London

Quantitative Developer
Daily Rate Histogram in London

This chart provides a histogram of daily rates quoted in contract IT jobs citing Quantitative Developer across the London region over the 3 months to 8 February 2016.

Quantitative Developer Daily Rate Histogram in London

Quantitative Developer
Hourly Rate Trend in London

This chart provides the 3-month moving average for hourly rates quoted in IT contractor jobs citing Quantitative Developer across the London region.

Quantitative Developer Hourly Rate Trend in London

Quantitative Developer
Contract Job Locations in London

The table below looks at the demand and provides a guide to the average contractor rates quoted in IT jobs citing Quantitative Developer within the London region over the 3 months to 8 February 2016. The 'Rank Change' column provides an indication of the change in demand within each location based on the same 3 month period last year.

Location
(Use links below to see detailed
statistics and historical trends)
Rank Change
on Same Period
Last Year
Matching
Contract
IT Job Ads
Average
Daily Rate
Last 3 Months
Average Daily Rate
% Change
on Same Period
Last Year
Live
Job
Vacancies
City of London +41 9 £750 +25.00% 4
Quantitative Developer
England

Quantitative Developer
Top 30 Related IT Skills in London

For the 6 months to 8 February 2016, IT contractor jobs across the 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.

1 111 (77.08%) C++
2 89 (61.81%) Finance
3 70 (48.61%) Python
4 67 (46.53%) Front Office
5 61 (42.36%) C#
6 60 (41.67%) Derivative
7 48 (33.33%) Banking
8 43 (29.86%) Investment Banking
8 43 (29.86%) Mathematics
9 42 (29.17%) Analytics
10 32 (22.22%) Fixed Income
11 29 (20.14%) PhD
12 28 (19.44%) Degree
13 26 (18.06%) Physics
14 23 (15.97%) VBA
15 19 (13.19%) SQL
16 17 (11.81%) Interest Rate Derivative
17 15 (10.42%) Computer Science
18 14 (9.72%) Agile Software Development
18 14 (9.72%) Foreign Exchange (FX)
18 14 (9.72%) Credit Risk
19 13 (9.03%) XML
19 13 (9.03%) MATLAB
20 12 (8.33%) Credit Derivative
20 12 (8.33%) Java
21 11 (7.64%) Financial Institution
21 11 (7.64%) Hedge funds
22 10 (6.94%) Multithreading
22 10 (6.94%) Electronic Trading
22 10 (6.94%) Validation

Quantitative Developer
Top Related IT Skills in London by Category

For the 6 months to 8 February 2016, IT contractor jobs across the 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.

Application Platforms
1 1 (0.69%) Apache Spark
1 1 (0.69%) Elasticsearch
1 1 (0.69%) IIS
Applications
1 3 (2.08%) Spreadsheet
2 1 (0.69%) MS Excel
Business Applications
1 6 (4.17%) Front Arena
Cloud Services
1 6 (4.17%) Cloud Computing
2 5 (3.47%) Microsoft Azure
Communications & Networking
1 1 (0.69%) HTTP
1 1 (0.69%) TCP/IP
Database & Business Intelligence
1 8 (5.56%) SQL Server
2 5 (3.47%) Microsoft Analysis Services
2 5 (3.47%) SQL Server Analysis Services
3 4 (2.78%) MongoDB
4 2 (1.39%) Big Data
5 1 (0.69%) Apache Cassandra
5 1 (0.69%) Data Mining
5 1 (0.69%) NoSQL
5 1 (0.69%) SQL Server Integration Services
5 1 (0.69%) Text Mining
Development Applications
1 2 (1.39%) JIRA
2 1 (0.69%) Visual Studio
2 1 (0.69%) VTune
General
1 89 (61.81%) Finance
2 67 (46.53%) Front Office
3 48 (33.33%) Banking
4 43 (29.86%) Investment Banking
5 11 (7.64%) Financial Institution
6 2 (1.39%) Retail
Libraries, Frameworks & Software Standards
1 13 (9.03%) XML
2 8 (5.56%) NumPy
2 8 (5.56%) Pandas
2 8 (5.56%) SciPy
3 5 (3.47%) .NET
3 5 (3.47%) Boost C++ Libraries
3 5 (3.47%) STL
4 3 (2.08%) AngularJS
4 3 (2.08%) HTML
5 2 (1.39%) Django
5 2 (1.39%) PyXLL
5 2 (1.39%) XSLT
6 1 (0.69%) .NET Framework
6 1 (0.69%) ActiveMQ
6 1 (0.69%) COM
6 1 (0.69%) FIX Protocol
6 1 (0.69%) Memcached
6 1 (0.69%) RabbitMQ
6 1 (0.69%) Web Services
6 1 (0.69%) WPF
Miscellaneous
1 60 (41.67%) Derivative
2 43 (29.86%) Mathematics
3 32 (22.22%) Fixed Income
4 26 (18.06%) Physics
5 17 (11.81%) Interest Rate Derivative
6 15 (10.42%) Computer Science
7 14 (9.72%) Credit Risk
7 14 (9.72%) Foreign Exchange (FX)
8 12 (8.33%) Credit Derivative
9 11 (7.64%) Hedge funds
10 8 (5.56%) Equities
10 8 (5.56%) Grid Computing
10 8 (5.56%) Statistics
11 6 (4.17%) Algorithms
11 6 (4.17%) Equity Derivative
12 4 (2.78%) Economics
12 4 (2.78%) Swaptions
13 3 (2.08%) Analytical Skills
13 3 (2.08%) Data Structures
13 3 (2.08%) Market Risk
Operating Systems
1 10 (6.94%) Windows
2 4 (2.78%) Linux
Processes & Methodologies
1 42 (29.17%) Analytics
2 14 (9.72%) Agile Software Development
3 10 (6.94%) Electronic Trading
3 10 (6.94%) Multithreading
3 10 (6.94%) Validation
4 9 (6.25%) Monte Carlo Method
5 8 (5.56%) Software Engineering
6 7 (4.86%) TDD
7 6 (4.17%) Econometrics
8 5 (3.47%) Risk Analytics
8 5 (3.47%) Risk Management
8 5 (3.47%) Stress Testing
8 5 (3.47%) Time Series Analysis
9 4 (2.78%) Investment Management
9 4 (2.78%) OO
10 3 (2.08%) Change Control
10 3 (2.08%) Defect Management
10 3 (2.08%) Regression Testing
10 3 (2.08%) System Testing
10 3 (2.08%) User Acceptance Testing
Programming Languages
1 111 (77.08%) C++
2 70 (48.61%) Python
3 61 (42.36%) C#
4 23 (15.97%) VBA
5 19 (13.19%) SQL
6 13 (9.03%) MATLAB
7 12 (8.33%) Java
8 9 (6.25%) R
9 6 (4.17%) C
10 5 (3.47%) PowerShell
11 3 (2.08%) JavaScript
11 3 (2.08%) Scala
12 1 (0.69%) Clojure
12 1 (0.69%) Haskell
12 1 (0.69%) Tcl
12 1 (0.69%) VB
Qualifications
1 29 (20.14%) PhD
2 28 (19.44%) Degree
3 3 (2.08%) Postgraduate
Quality Assurance & Compliance
1 8 (5.56%) QA
Systems Management
1 2 (1.39%) Control-M
Vendors
1 6 (4.17%) SunGard
2 5 (3.47%) Oracle
3 1 (0.69%) Cloudera
3 1 (0.69%) Microsoft
3 1 (0.69%) Murex
3 1 (0.69%) TIBCO
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