Java Quantitative Developer Contracts

Java Quant Developer
UK

The median Java Quant Developer daily rate in the UK is £1,250 according to job vacancies posted during the 6 months to 6 May 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
6 May 2024		 Same period 2023 Same period 2022
Rank 562 699 847
Rank change year-on-year +137 +148 -160
Contract jobs requiring a Java Quantitative Developer 16 17 20
As % of all contract jobs advertised in the UK 0.037% 0.029% 0.023%
As % of the Job Titles category 0.040% 0.030% 0.024%
Number of daily rates quoted 15 11 20
10th Percentile £1,205 £569 -
25th Percentile - £744 £675
Median daily rate (50th Percentile) £1,250 £775 £725
Median % change year-on-year +61.29% +6.90% +3.57%
75th Percentile - £950 £750
90th Percentile - - £800
UK excluding London median daily rate - - -

All Contract IT Job Vacancies
UK

The following table is for comparison with the above and includes summary statistics for all contract IT job vacancies. 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 UK with a recognized job title 40,246 55,892 84,695
% of contract IT jobs with a recognized job title 92.74% 94.62% 95.45%
Number of daily rates quoted 26,216 39,044 59,517
10th Percentile £279 £313 £313
25th Percentile £409 £425 £425
Median daily rate (50th Percentile) £525 £540 £525
Median % change year-on-year -2.78% +2.86% +10.53%
75th Percentile £638 £650 £638
90th Percentile £750 £750 £738
UK excluding London median daily rate £490 £500 £475
% change year-on-year -2.00% +5.26% +11.76%
Number of hourly rates quoted 2,676 1,569 2,074
10th Percentile £12.86 £14.25 £12.50
25th Percentile £16.30 £19.25 £15.72
Median hourly rate £36.50 £45.00 £23.91
Median % change year-on-year -18.89% +88.21% +6.27%
75th Percentile £61.30 £65.75 £49.25
90th Percentile £72.50 £76.00 £64.60
UK excluding London median hourly rate £40.00 £42.16 £19.52
% change year-on-year -5.11% +115.96% +2.74%

Java Quantitative Developer
Job Vacancy Trend

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

Job vacancy trend for Java Quantitative Developer in the UK

Java Quantitative Developer
Contractor Daily Rate Trend

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

Daily rate trend for Java Quantitative Developer in the UK

Java Quantitative Developer
Daily Rate Histogram

Daily rate distribution for jobs citing Java Quantitative Developer over the 6 months to 6 May 2024.

Daily rate histogram for Java Quantitative Developer in the UK

Java Quantitative Developer
Top 3 Contract Locations

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Java Quantitative Developer within the UK over the 6 months to 6 May 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 +111 16 £1,250 +61.29%
England +107 16 £1,250 +61.29%
Work from Home +135 14 £1,250 +61.29%

Java Quantitative Developer Skill Set
Top 27 Co-occurring Skills and Capabilities

For the 6 months to 6 May 2024, Java 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 featuring Java Quantitative Developer in the job title.

1 16 (100.00%) Java
2 15 (93.75%) Banking
2 15 (93.75%) Investment Banking
3 14 (87.50%) Fixed Income
3 14 (87.50%) Algorithmic Trading
3 14 (87.50%) Electronic Trading
4 13 (81.25%) FIX Protocol
5 2 (12.50%) Multithreading
5 2 (12.50%) Python
5 2 (12.50%) Front Office
6 1 (6.25%) High Availability
6 1 (6.25%) Test Strategy
6 1 (6.25%) Low Latency
6 1 (6.25%) Data Structures
6 1 (6.25%) Algorithms
6 1 (6.25%) Market Making
6 1 (6.25%) Solace
6 1 (6.25%) Concurrent Programming
6 1 (6.25%) Fintech
6 1 (6.25%) MQSeries
6 1 (6.25%) IBM
6 1 (6.25%) Foreign Exchange (FX)
6 1 (6.25%) TIBCO
6 1 (6.25%) Rendezvous
6 1 (6.25%) OOP
6 1 (6.25%) OO
6 1 (6.25%) Equities

Java Quantitative Developer Skill Set
Co-occurring Skills and Capabilities 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 (6.25%) MQSeries
General
1 15 (93.75%) Banking
1 15 (93.75%) Investment Banking
2 2 (12.50%) Front Office
Libraries, Frameworks & Software Standards
1 13 (81.25%) FIX Protocol
2 1 (6.25%) Rendezvous
Miscellaneous
1 14 (87.50%) Fixed Income
2 1 (6.25%) Algorithms
2 1 (6.25%) Data Structures
2 1 (6.25%) Equities
2 1 (6.25%) Foreign Exchange (FX)
Processes & Methodologies
1 14 (87.50%) Algorithmic Trading
1 14 (87.50%) Electronic Trading
2 2 (12.50%) Multithreading
3 1 (6.25%) Concurrent Programming
3 1 (6.25%) Fintech
3 1 (6.25%) High Availability
3 1 (6.25%) Low Latency
3 1 (6.25%) Market Making
3 1 (6.25%) OO
3 1 (6.25%) OOP
3 1 (6.25%) Test Strategy
Programming Languages
1 16 (100.00%) Java
2 2 (12.50%) Python
Vendors
1 1 (6.25%) IBM
1 1 (6.25%) Solace
1 1 (6.25%) TIBCO