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 29 April 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.

3 months to
29 Apr 2016
Same period 2015 Same period 2014
Quant Analyst
Rank 605 612 593
Rank change year-on-year
+7 -19
Contract jobs requiring a Quantitative Analyst 35 23 33
As % of all contract IT jobs located in the UK 0.063% 0.041% 0.060%
As % of the Job Titles category 0.066% 0.044% 0.064%
Number of daily rates quoted 31 21 29
Average daily rate £675 £550 £650
Average daily rate % change year-on-year
+22.72% -15.38%
90% offered a daily rate of more than £500 £425 £425
10% offered a daily rate of more than £750 £750 £710
UK excluding London average daily rate £775 - £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 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
53034 52811 51540
As % of all contract IT jobs located in the UK 94.93% 94.73% 94.32%
Number of daily rates quoted 34546 32021 31371
Average daily rate £425 £400 £390
Average daily rate % change year-on-year
+6.25% +2.56%
90% offered a daily rate of more than £263 £243 £225
10% offered a daily rate of more than £600 £550 £550
UK excluding London average daily rate £390 £375 £350
% change year-on-year
+4.00% +7.14%
Number of hourly rates quoted 1532 2104 2098
Average hourly rate £17.50 £17.50 £17.50
90% offered a hourly rate of more than £11.00 £11.00 £11.00
10% offered a hourly rate of more than £44.50 £42.50 £42.50
UK excluding London average hourly rate £17.50 £16.83 £17.00
% change year-on-year
+4.01% -1.02%

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 29 April 2016.

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 4 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 29 April 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
London -1 33 £675 +22.72% 5
England -11 33 £675 +22.72% 6
City of London +44 3 £675 +37.05% 1
Scotland - 1 - -

Quantitative Analyst
Top 30 Related IT Skills

For the 6 months to 29 April 2016, 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 49 (76.56%) Finance
2 34 (53.13%) C++
3 29 (45.31%) Mathematics
4 25 (39.06%) C#
5 24 (37.50%) Degree
6 21 (32.81%) Physics
6 21 (32.81%) Python
7 18 (28.13%) PhD
7 18 (28.13%) Banking
7 18 (28.13%) Validation
8 15 (23.44%) Risk Management
9 14 (21.88%) Derivative
9 14 (21.88%) Market Risk
10 13 (20.31%) Front Office
11 12 (18.75%) Analytical Skills
12 11 (17.19%) Investment Banking
13 10 (15.63%) Credit Risk
14 9 (14.06%) Analytics
14 9 (14.06%) Statistical Modelling
14 9 (14.06%) MATLAB
14 9 (14.06%) VBA
15 8 (12.50%) Statistics
16 7 (10.94%) QA
16 7 (10.94%) R
16 7 (10.94%) SQL
16 7 (10.94%) Retail
16 7 (10.94%) Fixed Income
17 6 (9.38%) Equity Derivative
17 6 (9.38%) Stress Testing
18 5 (7.81%) Test Automation

Quantitative Analyst
Top Related IT Skills by Category

For the 6 months to 29 April 2016, 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 5 (7.81%) SAS
2 2 (3.13%) IIS
Applications
1 3 (4.69%) LaTeX
1 3 (4.69%) MS Office
2 2 (3.13%) MS Excel
2 2 (3.13%) Spreadsheet
Cloud Services
1 2 (3.13%) Cloud Computing
Communications & Networking
1 1 (1.56%) HTTP
Database & Business Intelligence
1 3 (4.69%) SQL Server
2 2 (3.13%) SQL Server Integration Services
Development Applications
1 5 (7.81%) HP UFT
1 5 (7.81%) Selenium
2 3 (4.69%) Visual Studio
General
1 49 (76.56%) Finance
2 18 (28.13%) Banking
3 13 (20.31%) Front Office
4 11 (17.19%) Investment Banking
5 7 (10.94%) Retail
6 2 (3.13%) Financial Institution
6 2 (3.13%) Retail Banking
7 1 (1.56%) Back Office
7 1 (1.56%) Marketing
Libraries, Frameworks & Software Standards
1 5 (7.81%) .NET
1 5 (7.81%) MSMQ
2 2 (3.13%) Web Services
2 2 (3.13%) WPF
2 2 (3.13%) XSLT
3 1 (1.56%) XML
Miscellaneous
1 29 (45.31%) Mathematics
2 21 (32.81%) Physics
3 14 (21.88%) Derivative
3 14 (21.88%) Market Risk
4 12 (18.75%) Analytical Skills
5 10 (15.63%) Credit Risk
6 8 (12.50%) Statistics
7 7 (10.94%) Fixed Income
8 6 (9.38%) Equity Derivative
9 5 (7.81%) Equities
10 4 (6.25%) Foreign Exchange (FX)
11 2 (3.13%) Algorithms
11 2 (3.13%) Computer Science
11 2 (3.13%) Credit Derivative
11 2 (3.13%) Swaptions
12 1 (1.56%) Economics
12 1 (1.56%) Hedge funds
Processes & Methodologies
1 18 (28.13%) Validation
2 15 (23.44%) Risk Management
3 9 (14.06%) Analytics
3 9 (14.06%) Statistical Modelling
4 6 (9.38%) Stress Testing
5 5 (7.81%) Test Automation
6 4 (6.25%) Risk Analytics
6 4 (6.25%) Time Series Analysis
7 3 (4.69%) Business Analysis
7 3 (4.69%) Greeks
7 3 (4.69%) Monte Carlo Method
7 3 (4.69%) Quantitative Analysis
7 3 (4.69%) Quantitative Risk Management
8 2 (3.13%) Asset Management
8 2 (3.13%) Econometrics
8 2 (3.13%) Wealth Management
9 1 (1.56%) Black-Scholes
9 1 (1.56%) Numerical Analysis
9 1 (1.56%) Stakeholder Engagement
9 1 (1.56%) Stochastic Calculus
Programming Languages
1 34 (53.13%) C++
2 25 (39.06%) C#
3 21 (32.81%) Python
4 9 (14.06%) MATLAB
4 9 (14.06%) VBA
5 7 (10.94%) R
5 7 (10.94%) SQL
6 2 (3.13%) C
6 2 (3.13%) Haskell
7 1 (1.56%) VB
Qualifications
1 24 (37.50%) Degree
2 18 (28.13%) PhD
Quality Assurance & Compliance
1 7 (10.94%) QA
2 1 (1.56%) Basel III
Vendors
1 5 (7.81%) Algorithmics
2 2 (3.13%) Murex
3 1 (1.56%) Sophis
London
Hays Finance Technology
Rate: £800.00 - £1250.00 per day
Posted: 19 hours ago