The table below looks at the statistics for Quantitative Analysis skills in IT contracts advertised across the UK. Included is a guide to the average contractor rates offered in IT contracts that have cited Quantitative Analysis over the 3 months to 27 February 2015 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
27 Feb 2015
Same period 2014 Same period 2013
Quantitative Analysis
Rank 539 545 523
Rank change year-on-year
+6 -22
Contract jobs citing Quantitative Analysis 37 21 14
As % of all contract IT jobs located in the UK 0.071% 0.042% 0.031%
As % of the Processes & Methodologies category 0.093% 0.056% 0.043%
Number of daily rates quoted 33 16 10
Average daily rate
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£400 £425 £588
Average daily rate % change year-on-year
-5.88% -27.65%
90% offered a daily rate of more than £265 £290 £325
10% offered a daily rate of more than £500 £619 £710
UK excluding London average daily rate £300 £425 £725
% change year-on-year
-29.41% -41.37%
Number of hourly rates quoted 1 0 0
Average hourly rate £17.45 - -
UK excluding London average hourly rate - - -

The following table is for comparison with the above and provides statistics for the entire Processes & Methodologies category in contract jobs advertised across the UK.

Processes & Methodologies Category
UK
Contract IT job ads with a match in the
Processes & Methodologies category
39834 37606 32717
As % of all contract IT jobs located in the UK 75.91% 74.82% 72.89%
Number of daily rates quoted 25112 22628 19457
Average daily rate £420 £400 £400
Average daily rate % change year-on-year
+5.00% -
90% offered a daily rate of more than £280 £275 £275
10% offered a daily rate of more than £575 £570 £575
UK excluding London average daily rate £400 £375 £363
% change year-on-year
+6.66% +3.44%
Number of hourly rates quoted 1043 1134 1178
Average hourly rate £27.50 £27.50 £30.00
Average hourly rate % change year-on-year
- -8.33%
90% offered a hourly rate of more than £12.10 £12.31 £12.00
10% offered a hourly rate of more than £49.50 £50.00 £51.00
UK excluding London average hourly rate £30.00 £27.50 £31.50
% change year-on-year
+9.09% -12.69%

Quantitative Analysis
Jobs Demand Trend

This chart provides the 3-month moving total of IT contractor jobs citing Quantitative Analysis within the UK as a proportion of the total demand within the Processes & Methodologies category.

Quantitative Analysis Jobs Demand Trend in the UK

Quantitative Analysis
Daily Rate Trend

This chart provides the 3-month moving average for daily rates quoted in IT contract jobs citing Quantitative Analysis within the UK.

Quantitative Analysis Daily Rate Trend in the UK

Quantitative Analysis
Daily Rate Histogram

This chart provides a histogram of daily rates quoted in contract IT jobs citing Quantitative Analysis within the UK over the 3 months to 27 February 2015.

Quantitative Analysis Daily Rate Histogram in the UK

Quantitative Analysis
Hourly Rate Trend

This chart provides the 3-month moving average for hourly rates quoted in IT contractor jobs citing Quantitative Analysis within the UK.

Quantitative Analysis Hourly Rate Trend in the UK

Quantitative Analysis
Top 26 Contract Locations

The table below looks at the demand and provides a guide to the average contractor rates quoted in IT jobs citing Quantitative Analysis within the UK over the 3 months to 27 February 2015. 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
England -2 37 £400 -5.88% 9
London 0 27 £500 +11.11% 7
Bristol - 9 £300 -
South West - 9 £300 -
City of London +17 2 £650 +136.36% 2
East Midlands - - - -
North West - - - - 1
South East - - - - 1
West Midlands - - - -
Glasgow - - - - 1
Leeds - - - -
Manchester - - - - 1
Nottingham - - - -
Plymouth - - - -
Reading - - - -
Sale - - - - 1
Stockport - - - -
Berkshire - - - - 1
Devon - - - -
East Sussex - - - -
Nottinghamshire - - - -
West Yorkshire - - - -
Yorkshire - - - -
Scotland - - - - 1
Hammersmith - - - -
Birmingham - - - -

Quantitative Analysis
Top 30 Related IT Skills

For the 6 months to 27 February 2015, IT contractor jobs within the UK citing Quantitative Analysis also 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 that cited Quantitative Analysis.

1 36 (63.16%) Finance
2 26 (45.61%) VBA
3 21 (36.84%) Python
4 19 (33.33%) Java
4 19 (33.33%) Front Office
5 16 (28.07%) RAD
6 15 (26.32%) Degree
6 15 (26.32%) Analytics
7 11 (19.30%) Derivative
7 11 (19.30%) Statistics
7 11 (19.30%) Analytical Skills
8 10 (17.54%) Data Analysis
8 10 (17.54%) MATLAB
9 9 (15.79%) Project Planning
9 9 (15.79%) Credit Risk
10 8 (14.04%) Statistical Analysis
10 8 (14.04%) SAS
10 8 (14.04%) Banking
11 7 (12.28%) SharePoint
11 7 (12.28%) Qualitative Analysis
11 7 (12.28%) Information Governance
12 6 (10.53%) Stress Testing
13 5 (8.77%) C++
13 5 (8.77%) Stakeholder Management
13 5 (8.77%) Investment Banking
14 4 (7.02%) Mathematics
14 4 (7.02%) Statistical Modelling
14 4 (7.02%) Equities
14 4 (7.02%) Project Management
15 3 (5.26%) Data Modelling

Quantitative Analysis
Top Related IT Skills by Category

For the 6 months to 27 February 2015, IT contractor jobs within the UK citing Quantitative Analysis also 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 that cited Quantitative Analysis. Up to 20 skills are shown per category.

Application Platforms
1 8 (14.04%) SAS
2 7 (12.28%) SharePoint
3 3 (5.26%) CMS
4 2 (3.51%) Apache Spark
4 2 (3.51%) Apache
Applications
1 3 (5.26%) MS Excel
1 3 (5.26%) MS PowerPoint
2 2 (3.51%) Spreadsheet
3 1 (1.75%) MS Visio
Business Applications
1 1 (1.75%) Front Arena
Cloud Services
1 2 (3.51%) Amazon EC2
1 2 (3.51%) Amazon S3
1 2 (3.51%) Amazon AWS
1 2 (3.51%) Amazon EMR
Communications & Networking
1 1 (1.75%) Internet
Database & Business Intelligence
1 2 (3.51%) Data Warehouse
1 2 (3.51%) Hadoop
1 2 (3.51%) Big Data
2 1 (1.75%) OLAP
2 1 (1.75%) MS Access
2 1 (1.75%) SQL Server Reporting Services
2 1 (1.75%) SQL Server Integration Services
2 1 (1.75%) SQL Server Analysis Services
General
1 36 (63.16%) Finance
2 19 (33.33%) Front Office
3 8 (14.04%) Banking
4 5 (8.77%) Investment Banking
5 3 (5.26%) Marketing
5 3 (5.26%) French Language
6 2 (3.51%) Retail
7 1 (1.75%) Law
7 1 (1.75%) Advertising
7 1 (1.75%) German Language
7 1 (1.75%) Private Banking
Job Titles
1 25 (43.86%) Analyst
2 19 (33.33%) Developer
3 16 (28.07%) Excel Developer
4 13 (22.81%) RAD Developer
5 6 (10.53%) Business Analyst
6 4 (7.02%) Process Analyst
6 4 (7.02%) Quantitative Analyst
7 3 (5.26%) Process Manager
7 3 (5.26%) Supplier Manager
7 3 (5.26%) Supplier Relationship Manager
7 3 (5.26%) Python Developer
7 3 (5.26%) Senior Analyst
7 3 (5.26%) Data Analyst
7 3 (5.26%) Java Developer
7 3 (5.26%) Business Process Analyst
7 3 (5.26%) Contracts Manager
7 3 (5.26%) Risk Analyst
7 3 (5.26%) Relationships Manager
8 2 (3.51%) Quantitative Developer
8 2 (3.51%) Credit Analyst
Libraries, Frameworks & Software Standards
1 2 (3.51%) Apache Avro
2 1 (1.75%) .NET
Miscellaneous
1 11 (19.30%) Statistics
1 11 (19.30%) Derivative
1 11 (19.30%) Analytical Skills
2 9 (15.79%) Credit Risk
3 4 (7.02%) Mathematics
3 4 (7.02%) Equities
4 2 (3.51%) Economics
4 2 (3.51%) NHS
4 2 (3.51%) Physics
4 2 (3.51%) Equity Derivative
4 2 (3.51%) Visualisation
5 1 (1.75%) Open Source
5 1 (1.75%) iPad
5 1 (1.75%) User Experience
5 1 (1.75%) Market Risk
5 1 (1.75%) Psychology
5 1 (1.75%) Computer Science
5 1 (1.75%) Management Information System
5 1 (1.75%) Performance Metrics
5 1 (1.75%) Foreign Exchange (FX)
Operating Systems
1 1 (1.75%) Linux
Processes & Methodologies
1 16 (28.07%) RAD
2 15 (26.32%) Analytics
3 10 (17.54%) Data Analysis
4 9 (15.79%) Project Planning
5 8 (14.04%) Statistical Analysis
6 7 (12.28%) Information Governance
6 7 (12.28%) Qualitative Analysis
7 6 (10.53%) Stress Testing
8 5 (8.77%) Stakeholder Management
9 4 (7.02%) Project Management
9 4 (7.02%) Statistical Modelling
10 3 (5.26%) Root Cause Analysis
10 3 (5.26%) Greeks
10 3 (5.26%) Data Modelling
10 3 (5.26%) Business Intelligence
10 3 (5.26%) Agile Software Development
10 3 (5.26%) Content Management
10 3 (5.26%) Coaching
11 2 (3.51%) Validation
11 2 (3.51%) Lean Six Sigma
Programming Languages
1 26 (45.61%) VBA
2 21 (36.84%) Python
3 19 (33.33%) Java
4 10 (17.54%) MATLAB
5 5 (8.77%) C++
6 3 (5.26%) C
6 3 (5.26%) R
6 3 (5.26%) JavaScript
6 3 (5.26%) SQL
7 2 (3.51%) VB
7 2 (3.51%) C#
Qualifications
1 15 (26.32%) Degree
2 3 (5.26%) PhD
3 1 (1.75%) BC Cleared
3 1 (1.75%) Security Cleared
Quality Assurance & Compliance
1 3 (5.26%) SLA
2 2 (3.51%) AIFMD
3 1 (1.75%) EMIR
Vendors
1 3 (5.26%) Microsoft
2 2 (3.51%) Oracle
2 2 (3.51%) Business Objects
2 2 (3.51%) SAP
2 2 (3.51%) Teradata
3 1 (1.75%) Google
3 1 (1.75%) Murex
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