Quantitative Developer Contracts in London

Quant Developer
England > London

The median Quant Developer daily rate in London is £900 according to job vacancies posted during the 6 months to 23 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
23 Apr 2024
Same period 2023 Same period 2022
Rank 303 376 490
Rank change year-on-year +73 +114 -157
Contract jobs requiring a Quantitative Developer 91 119 104
As % of all contract jobs advertised in London 0.51% 0.44% 0.27%
As % of the Job Titles category 0.55% 0.46% 0.28%
Number of daily rates quoted 71 81 88
10th Percentile £688 £663 £650
25th Percentile £744 £763 £688
Median daily rate (50th Percentile) £900 £850 £750
Median % change year-on-year +5.88% +13.33% +7.14%
75th Percentile £1,125 £950 £875
90th Percentile £1,250 £1,000 £925
England median daily rate £900 £875 £750
% change year-on-year +2.86% +16.67% +7.14%

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 16,640 26,016 37,232
% of contract IT jobs with a recognized job title 93.14% 95.31% 95.30%
Number of daily rates quoted 12,027 18,790 27,160
10th Percentile £325 £363 £375
25th Percentile £442 £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 342 295 454
10th Percentile £16.00 £17.99 £16.50
25th Percentile £20.01 £22.57 £22.03
Median hourly rate £27.66 £35.00 £35.00
Median % change year-on-year -20.99% - +12.90%
75th Percentile £43.75 £60.00 £49.25
90th Percentile £64.45 £77.30 £67.50
England median hourly rate £35.00 £45.00 £22.50
% change year-on-year -22.22% +100.00% +0.36%

Quantitative Developer
Job Vacancy Trend in London

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

Job vacancy trend for Quantitative Developer in London

Quantitative Developer
Contractor Daily Rate Trend in London

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

Daily rate trend for Quantitative Developer in London

Quantitative Developer
Daily Rate Histogram in London

Daily rate distribution for jobs citing Quantitative Developer in London over the 6 months to 23 April 2024.

Daily rate histogram for Quantitative Developer in London

Quantitative Developer
Contractor Hourly Rate Trend in London

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

Hourly rate trend for Quantitative Developer in London

Quantitative Developer
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 Developer within the London region over the 6 months to 23 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 +38 20 £900 +18.89% 3
Quantitative Developer
England

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

For the 6 months to 23 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 London region featuring Quantitative Developer in the job title.

1 55 (60.44%) Finance
2 52 (57.14%) Python
3 43 (47.25%) Front Office
4 35 (38.46%) Derivative
5 34 (37.36%) Fixed Income
6 31 (34.07%) Java
7 28 (30.77%) Software Engineering
7 28 (30.77%) C#
7 28 (30.77%) Azure
8 26 (28.57%) Agile
9 24 (26.37%) AWS
9 24 (26.37%) Hedge funds
9 24 (26.37%) Analytical Skills
10 23 (25.27%) Banking
10 23 (25.27%) Equities
11 22 (24.18%) C++
12 21 (23.08%) Investment Banking
13 20 (21.98%) SQL
14 19 (20.88%) Algorithmic Trading
14 19 (20.88%) Mathematics
14 19 (20.88%) DevOps
15 18 (19.78%) Analytics
15 18 (19.78%) Quantitative Research
15 18 (19.78%) Problem-Solving
16 17 (18.68%) R
16 17 (18.68%) Algorithms
17 16 (17.58%) Degree
17 16 (17.58%) Asset Management
17 16 (17.58%) GCP
17 16 (17.58%) Investment Management

Quantitative Developer 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:

Application Platforms
1 1 (1.10%) MQSeries
1 1 (1.10%) SAS
Cloud Services
1 28 (30.77%) Azure
2 24 (26.37%) AWS
3 16 (17.58%) GCP
4 10 (10.99%) Azure DevOps
4 10 (10.99%) GitHub
Database & Business Intelligence
1 10 (10.99%) NoSQL
1 10 (10.99%) SQL Server
2 1 (1.10%) PostgreSQL
Development Applications
1 1 (1.10%) Visual Studio
General
1 55 (60.44%) Finance
2 43 (47.25%) Front Office
3 24 (26.37%) Analytical Skills
4 23 (25.27%) Banking
5 21 (23.08%) Investment Banking
6 7 (7.69%) Social Skills
7 5 (5.49%) Retail Banking
8 2 (2.20%) Presentation Skills
9 1 (1.10%) Electronics
9 1 (1.10%) Financial Institution
9 1 (1.10%) Retail
Libraries, Frameworks & Software Standards
1 14 (15.38%) FIX Protocol
1 14 (15.38%) NumPy
1 14 (15.38%) Pandas
2 11 (12.09%) SciPy
3 6 (6.59%) .NET
4 2 (2.20%) AngularJS
4 2 (2.20%) Matplotlib
4 2 (2.20%) React
5 1 (1.10%) Rendezvous
Miscellaneous
1 35 (38.46%) Derivative
2 34 (37.36%) Fixed Income
3 24 (26.37%) Hedge funds
4 23 (25.27%) Equities
5 17 (18.68%) Algorithms
6 7 (7.69%) Greenfield Project
7 6 (6.59%) Market Risk
8 4 (4.40%) Credit Derivative
9 3 (3.30%) Equity Derivative
10 2 (2.20%) Renewable Energy
10 2 (2.20%) Solar Panel
11 1 (1.10%) Credit Risk
11 1 (1.10%) Data Structures
11 1 (1.10%) Distributed Computing
11 1 (1.10%) Foreign Exchange (FX)
11 1 (1.10%) Management Information System
Processes & Methodologies
1 28 (30.77%) Software Engineering
2 26 (28.57%) Agile
3 19 (20.88%) Algorithmic Trading
3 19 (20.88%) DevOps
3 19 (20.88%) Mathematics
4 18 (19.78%) Analytics
4 18 (19.78%) Problem-Solving
4 18 (19.78%) Quantitative Research
5 16 (17.58%) Asset Management
5 16 (17.58%) Investment Management
6 15 (16.48%) Electronic Trading
7 14 (15.38%) CI/CD
8 13 (14.29%) Computer Science
9 11 (12.09%) Data Modelling
9 11 (12.09%) Project Management
9 11 (12.09%) SDLC
9 11 (12.09%) Software Architecture
9 11 (12.09%) Test Automation
10 10 (10.99%) Data Pipeline
10 10 (10.99%) Product Requirements
Programming Languages
1 52 (57.14%) Python
2 31 (34.07%) Java
3 28 (30.77%) C#
4 22 (24.18%) C++
5 20 (21.98%) SQL
6 17 (18.68%) R
7 10 (10.99%) Rust
8 2 (2.20%) JavaScript
8 2 (2.20%) Scala
9 1 (1.10%) PHP
9 1 (1.10%) TypeScript
Qualifications
1 16 (17.58%) Degree
2 4 (4.40%) Master's Degree
3 3 (3.30%) Computer Science Degree
3 3 (3.30%) Numerate Degree
4 1 (1.10%) PhD
Quality Assurance & Compliance
1 1 (1.10%) IFRS
1 1 (1.10%) IFRS 9
Vendors
1 14 (15.38%) Bloomberg
2 1 (1.10%) IBM
2 1 (1.10%) Solace
2 1 (1.10%) TIBCO