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 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
Quantitative Analysis
Rank 621 581 557
Rank change year-on-year
-40 -24
Contract jobs citing Quantitative Analysis 7 28 25
As % of all contract IT jobs located in the UK 0.014% 0.054% 0.051%
As % of the Processes & Methodologies category 0.017% 0.070% 0.067%
Number of daily rates quoted 6 25 20
Average daily rate £239 £500 £425
Average daily rate % change year-on-year
-52.25% +17.64%
90% offered a daily rate of more than £170 £418 £300
10% offered a daily rate of more than £688 £650 £800
UK excluding London average daily rate £250 - £425
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
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
41761 40034 37146
As % of all contract IT jobs located in the UK 81.19% 77.60% 76.48%
Number of daily rates quoted 27350 25609 22516
Average daily rate £425 £422 £400
Average daily rate % change year-on-year
+0.71% +5.50%
90% offered a daily rate of more than £298 £285 £270
10% offered a daily rate of more than £600 £575 £575
UK excluding London average daily rate £400 £400 £375
% change year-on-year
- +6.66%
Number of hourly rates quoted 1211 1053 1129
Average hourly rate £39.27 £26.00 £27.50
Average hourly rate % change year-on-year
+51.03% -5.45%
90% offered a hourly rate of more than £13.00 £12.00 £12.50
10% offered a hourly rate of more than £57.00 £46.50 £52.40
UK excluding London average hourly rate £40.00 £27.50 £27.50
% change year-on-year
+45.45% -

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 8 February 2016.

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 5 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 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
England -31 7 £239 -52.25% 16
London -11 6 £228 -54.50% 10
City of London +47 1 £228 -65.00% 1
Solihull - 1 £250 -
West Midlands - 1 £250 - 2

Quantitative Analysis
Top 30 Related IT Skills

For the 6 months to 8 February 2016, 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 8 (44.44%) Finance
2 6 (33.33%) Banking
3 5 (27.78%) Microsoft
3 5 (27.78%) Statistics
3 5 (27.78%) Degree
4 4 (22.22%) Derivative
4 4 (22.22%) Mathematics
4 4 (22.22%) Project Management
4 4 (22.22%) Python
4 4 (22.22%) MS Excel
4 4 (22.22%) Risk Management
5 3 (16.67%) Agile Software Development
5 3 (16.67%) Data Analysis
5 3 (16.67%) Front Office
5 3 (16.67%) Validation
5 3 (16.67%) C#
5 3 (16.67%) C++
5 3 (16.67%) VBA
5 3 (16.67%) Foreign Exchange (FX)
5 3 (16.67%) MS Office
5 3 (16.67%) Data Quality
5 3 (16.67%) Market Risk
5 3 (16.67%) Analytical Skills
6 2 (11.11%) WPF
6 2 (11.11%) Credit Risk
6 2 (11.11%) Continuous Improvement
6 2 (11.11%) Electronic Trading
6 2 (11.11%) Physics
6 2 (11.11%) Data Modelling
6 2 (11.11%) Business Intelligence

Quantitative Analysis
Top Related IT Skills by Category

For the 6 months to 8 February 2016, 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 1 (5.56%) SAS
1 1 (5.56%) SharePoint
1 1 (5.56%) SharePoint 2013
Applications
1 4 (22.22%) MS Excel
2 3 (16.67%) MS Office
3 1 (5.56%) SPSS
Business Applications
1 1 (5.56%) Dynamics CRM
Communications & Networking
1 1 (5.56%) Internet
Database & Business Intelligence
1 1 (5.56%) Big Data
1 1 (5.56%) Data Mining
1 1 (5.56%) KDB
1 1 (5.56%) PostgreSQL
1 1 (5.56%) Relational Database
Development Applications
1 1 (5.56%) ClearCase
1 1 (5.56%) JIRA
1 1 (5.56%) Maven
1 1 (5.56%) TeamCity
General
1 8 (44.44%) Finance
2 6 (33.33%) Banking
3 3 (16.67%) Front Office
4 2 (11.11%) Retail
5 1 (5.56%) Corporate Banking
5 1 (5.56%) Investment Banking
5 1 (5.56%) Legal
5 1 (5.56%) Marketing
5 1 (5.56%) Retail Banking
Job Titles
1 13 (72.22%) Analyst
2 4 (22.22%) Business Analyst
3 3 (16.67%) Finance Business Analyst
3 3 (16.67%) Financial Analyst
3 3 (16.67%) Qualitative Analyst
3 3 (16.67%) Quantitative Analyst
4 2 (11.11%) Business Change Analyst
4 2 (11.11%) Business Change Business Analyst
4 2 (11.11%) Business Finance Analyst
4 2 (11.11%) C# WPF Developer
4 2 (11.11%) Data Business Analyst
4 2 (11.11%) Data Quality Analyst
4 2 (11.11%) Data Quality Business Analyst
4 2 (11.11%) Developer
4 2 (11.11%) Senior Business Change Analyst
4 2 (11.11%) Senior Business Finance Analyst
4 2 (11.11%) Senior Data Quality Analyst
4 2 (11.11%) Senior Financial Analyst
4 2 (11.11%) Senior WPF Developer
4 2 (11.11%) WPF Developer
Libraries, Frameworks & Software Standards
1 2 (11.11%) .NET
1 2 (11.11%) WPF
2 1 (5.56%) Swing
2 1 (5.56%) XML
2 1 (5.56%) XML Messaging
Miscellaneous
1 5 (27.78%) Statistics
2 4 (22.22%) Derivative
2 4 (22.22%) Mathematics
3 3 (16.67%) Analytical Skills
3 3 (16.67%) Foreign Exchange (FX)
3 3 (16.67%) Market Risk
4 2 (11.11%) Credit Risk
4 2 (11.11%) Management Information System
4 2 (11.11%) Physics
5 1 (5.56%) Algorithms
5 1 (5.56%) Applied Mathematics
5 1 (5.56%) Client/Server
5 1 (5.56%) Computer Science
5 1 (5.56%) Equity Derivative
5 1 (5.56%) Informatics
Operating Systems
1 1 (5.56%) Linux
Processes & Methodologies
1 4 (22.22%) Project Management
1 4 (22.22%) Risk Management
2 3 (16.67%) Agile Software Development
2 3 (16.67%) Data Analysis
2 3 (16.67%) Validation
3 2 (11.11%) Business Analysis
3 2 (11.11%) Business Intelligence
3 2 (11.11%) Continuous Improvement
3 2 (11.11%) Data Modelling
3 2 (11.11%) Electronic Trading
3 2 (11.11%) Stakeholder Management
3 2 (11.11%) Supplier Management
4 1 (5.56%) Analytics
4 1 (5.56%) Automation Testing
4 1 (5.56%) Build Automation
4 1 (5.56%) Functional Testing
4 1 (5.56%) Master Data Management
4 1 (5.56%) Root Cause Analysis
4 1 (5.56%) Statistical Modelling
4 1 (5.56%) Technical Analysis
Programming Languages
1 4 (22.22%) Python
2 3 (16.67%) C#
2 3 (16.67%) C++
2 3 (16.67%) VBA
3 2 (11.11%) Java
3 2 (11.11%) SQL
4 1 (5.56%) Bash Shell
4 1 (5.56%) C
4 1 (5.56%) Korn
4 1 (5.56%) MATLAB
4 1 (5.56%) Perl
4 1 (5.56%) R
Qualifications
1 5 (27.78%) Degree
2 1 (5.56%) PhD
Quality Assurance & Compliance
1 3 (16.67%) Data Quality
2 1 (5.56%) QA
Systems Management
1 1 (5.56%) HP Quality Center
Vendors
1 5 (27.78%) Microsoft