The table below looks at the statistics for the Quantitative Analyst role in IT contracts advertised across the UK. Included is a guide to the average contractor rates offered in IT contracts that have cited Quantitative Analyst in their job title over the 3 months to 1 July 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
1 Jul 2015
Same period 2014 Same period 2013
Quant Analyst
Rank 589 587 546
Rank change year-on-year
-2 -41
Contract jobs requiring a Quantitative Analyst 19 16 15
As % of all contract IT jobs located in the UK 0.034% 0.030% 0.030%
As % of the Job Titles category 0.037% 0.032% 0.033%
Number of daily rates quoted 16 16 13
Average daily rate
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£650 £700 £600
Average daily rate % change year-on-year
-7.14% +16.66%
90% offered a daily rate of more than £563 £550 £575
10% offered a daily rate of more than £750 £763 £880
UK excluding London average daily rate - - -
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 Job Titles category in contract jobs advertised across the UK. 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
UK
Contract IT job ads with a match in the
Job Titles category
51737 49836 45640
As % of all contract IT jobs located in the UK 92.45% 92.60% 92.59%
Number of daily rates quoted 32579 30554 26426
Average daily rate £400 £396 £400
Average daily rate % change year-on-year
+1.01% -1.00%
90% offered a daily rate of more than £250 £230 £238
10% offered a daily rate of more than £575 £550 £575
UK excluding London average daily rate £375 £350 £350
% change year-on-year
+7.14% -
Number of hourly rates quoted 1958 1985 2120
Average hourly rate £16.83 £16.50 £18.50
Average hourly rate % change year-on-year
+1.96% -10.81%
90% offered a hourly rate of more than £11.00 £10.50 £11.00
10% offered a hourly rate of more than £41.00 £39.50 £40.00
UK excluding London average hourly rate £16.50 £16.50 £17.50
% change year-on-year
- -5.71%

Quantitative Analyst
Jobs Demand Trend

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

Quantitative Analyst Jobs Demand Trend in the UK

Quantitative Analyst
Daily Rate Trend

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

Quantitative Analyst Daily Rate Trend in the UK

Quantitative Analyst
Daily Rate Histogram

This chart provides a histogram of daily rates quoted in contract IT jobs citing Quantitative Analyst within the UK over the 3 months to 1 July 2015.

Quantitative Analyst Daily Rate Histogram in the UK

Quantitative Analyst
Hourly Rate Trend

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

Quantitative Analyst Hourly Rate Trend in the UK

Quantitative Analyst
Top 3 Contract Locations

The table below looks at the demand and provides a guide to the average contractor rates quoted in IT jobs citing Quantitative Analyst within the UK over the 3 months to 1 July 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
London -2 19 £650 -7.14% 6
England -16 19 £650 -7.14% 6
City of London -3 6 £600 -14.28% 3

Quantitative Analyst
Top 30 Related IT Skills

For the 6 months to 1 July 2015, IT contractor jobs within the UK that cited Quantitative Analyst 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 Analyst in their job title.

1 19 (55.88%) Finance
2 17 (50.00%) C++
2 17 (50.00%) Banking
3 13 (38.24%) Investment Banking
3 13 (38.24%) Statistics
3 13 (38.24%) Quantitative Analysis
4 11 (32.35%) Validation
5 10 (29.41%) Analytics
6 9 (26.47%) SQL
7 8 (23.53%) R
8 7 (20.59%) Analytical Skills
9 6 (17.65%) Big Data
9 6 (17.65%) Hadoop
9 6 (17.65%) Python
9 6 (17.65%) Fixed Income
9 6 (17.65%) MATLAB
9 6 (17.65%) Risk Management
10 5 (14.71%) Statistical Analysis
10 5 (14.71%) Credit Risk
10 5 (14.71%) Front Office
11 4 (11.76%) VBA
11 4 (11.76%) Market Risk
11 4 (11.76%) Mathematics
11 4 (11.76%) Derivative
11 4 (11.76%) NoSQL
11 4 (11.76%) Linear Regression
12 3 (8.82%) Monte Carlo Method
12 3 (8.82%) Physics
12 3 (8.82%) Java
12 3 (8.82%) C#

Quantitative Analyst
Top Related IT Skills by Category

For the 6 months to 1 July 2015, IT contractor jobs within the UK that cited Quantitative Analyst 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 Analyst in their job title. Up to 20 skills are shown per category.

Application Platforms
1 1 (2.94%) SAS
Applications
1 1 (2.94%) Mathematica
1 1 (2.94%) Maple
1 1 (2.94%) LaTeX
Database & Business Intelligence
1 6 (17.65%) Hadoop
1 6 (17.65%) Big Data
2 4 (11.76%) NoSQL
3 2 (5.88%) SQL Server Reporting Services
3 2 (5.88%) Apache Hive
3 2 (5.88%) SQL Server
4 1 (2.94%) Data Warehouse
General
1 19 (55.88%) Finance
2 17 (50.00%) Banking
3 13 (38.24%) Investment Banking
4 5 (14.71%) Front Office
5 3 (8.82%) Financial Institution
6 1 (2.94%) Games
6 1 (2.94%) Retail Banking
6 1 (2.94%) French Language
6 1 (2.94%) Retail
Miscellaneous
1 13 (38.24%) Statistics
2 7 (20.59%) Analytical Skills
3 6 (17.65%) Fixed Income
4 5 (14.71%) Credit Risk
5 4 (11.76%) Market Risk
5 4 (11.76%) Mathematics
5 4 (11.76%) Derivative
6 3 (8.82%) Physics
7 2 (5.88%) Equity Derivative
7 2 (5.88%) Algorithms
7 2 (5.88%) Visualisation
8 1 (2.94%) Hedge funds
8 1 (2.94%) Performance Metrics
8 1 (2.94%) Foreign Exchange (FX)
8 1 (2.94%) Equities
8 1 (2.94%) Online Games
Operating Systems
1 1 (2.94%) Windows
1 1 (2.94%) Linux
Processes & Methodologies
1 13 (38.24%) Quantitative Analysis
2 11 (32.35%) Validation
3 10 (29.41%) Analytics
4 6 (17.65%) Risk Management
5 5 (14.71%) Statistical Analysis
6 4 (11.76%) Linear Regression
7 3 (8.82%) Monte Carlo Method
7 3 (8.82%) Econometrics
8 2 (5.88%) OO
8 2 (5.88%) Fund Management
8 2 (5.88%) Asset Management
8 2 (5.88%) Use Case
8 2 (5.88%) Investment Management
8 2 (5.88%) Regression Analysis
8 2 (5.88%) Statistical Modelling
8 2 (5.88%) Time Series Analysis
9 1 (2.94%) Factor Analysis
9 1 (2.94%) Quantitative Risk Management
9 1 (2.94%) Bayesian Methods
9 1 (2.94%) Risk Analytics
Programming Languages
1 17 (50.00%) C++
2 9 (26.47%) SQL
3 8 (23.53%) R
4 6 (17.65%) Python
4 6 (17.65%) MATLAB
5 4 (11.76%) VBA
6 3 (8.82%) Java
6 3 (8.82%) C#
7 2 (5.88%) C
8 1 (2.94%) Perl
8 1 (2.94%) Ruby
8 1 (2.94%) VB
Qualifications
1 3 (8.82%) PhD
2 2 (5.88%) Degree
Quality Assurance & Compliance
1 2 (5.88%) QA
Systems Management
1 1 (2.94%) HP Quality Center
Vendors
1 1 (2.94%) Murex
1 1 (2.94%) BT