The statistics below represent IT contracts advertised across the UK that had Quantitative Analyst featuring in the job title. Included is a guide to the contractor rates offered over the 3 months to 1 July 2016 with a comparison to same period over 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
1 Jul 2016
Same period 2015 Same period 2014
Quant Analyst
Rank 596 621 618
Rank change year-on-year
+25 -3
Contract jobs requiring a Quantitative Analyst 42 22 18
As % of all contract IT jobs located in the UK 0.079% 0.039% 0.033%
As % of the Job Titles category 0.083% 0.041% 0.035%
Number of daily rates quoted 30 18 18
Median daily rate £650 £625 £675
Median daily rate % change year-on-year
+4.00% -7.40%
90% offered a daily rate of more than £586 £446 £485
10% offered a daily rate of more than £845 £750 £758
UK excluding London median daily rate £465 - -
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median 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
50636 53208 51071
As % of all contract IT jobs located in the UK 94.70% 94.78% 94.74%
Number of daily rates quoted 32918 33454 31276
Median daily rate £425 £400 £396
Median daily rate % change year-on-year
+6.25% +1.01%
90% offered a daily rate of more than £260 £245 £225
10% offered a daily rate of more than £600 £570 £550
UK excluding London median daily rate £396 £368 £350
% change year-on-year
+7.75% +5.00%
Number of hourly rates quoted 1521 2018 2067
Median hourly rate £17.50 £16.50 £16.50
Median hourly rate % change year-on-year
+6.06% -
90% offered a hourly rate of more than £11.00 £11.00 £10.50
10% offered a hourly rate of more than £44.00 £40.00 £38.00
UK excluding London median hourly rate £17.50 £16.14 £16.50
% change year-on-year
+8.42% -2.18%

Quantitative Analyst
Jobs Demand Trend

The demand trend of IT contracts that featured Quantitative Analyst in the job title.

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 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 5 Contract Locations

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Quantitative Analyst within the UK over the 3 months to 1 July 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
(Click see detailed
statistics and trends)
Rank Change
on Same Period
Last Year
Matching
Contract
IT Job Ads
Median
Daily Rate
Last 3 Months
Median Daily Rate
% Change
on Same Period
Last Year
Live
Job
Vacancies
England +23 40 £656 +5.00% 6
London +11 40 £656 +5.00% 6
City of London +26 3 £625 +11.11%
Edinburgh - 2 £465 - 1
Scotland - 2 £465 - 1

Quantitative Analyst Skill Set
Top 30 Related IT Skills

For the 6 months to 1 July 2016, Quantitative Analyst contract jobs required the following IT skills in order of popularity. The figures indicate the number co-occurrences and its proportion to all contract ads featuring Quantitative Analyst in the job title.

1 48 (60.76%) Finance
2 30 (37.97%) Degree
2 30 (37.97%) C#
2 30 (37.97%) C++
3 29 (36.71%) Mathematics
4 25 (31.65%) Validation
5 24 (30.38%) Quantitative Finance
6 22 (27.85%) Physics
7 21 (26.58%) Python
8 20 (25.32%) PhD
9 19 (24.05%) Risk Management
10 18 (22.78%) Front Office
11 17 (21.52%) Banking
12 16 (20.25%) Retail
13 14 (17.72%) Stress Testing
14 13 (16.46%) Fixed Income
15 12 (15.19%) Investment Banking
16 11 (13.92%) Statistics
16 11 (13.92%) Analytical Skills
17 10 (12.66%) Derivative
18 9 (11.39%) Credit Risk
18 9 (11.39%) Monte Carlo Method
18 9 (11.39%) Statistical Modelling
18 9 (11.39%) Analytics
18 9 (11.39%) Econometric Modelling
18 9 (11.39%) Foreign Exchange (FX)
18 9 (11.39%) VBA
19 8 (10.13%) Grid Computing
19 8 (10.13%) Time Series Analysis
19 8 (10.13%) Market Risk

Quantitative Analyst Skill Set
Top Related IT Skills by Category

The follow tables expand on the table above by listing co-occurrences grouped by category. The same job type, locality and period is covered with up to 20 co-occurrences shown in each of the following categories:

Application Platforms
1 7 (8.86%) SAS
2 2 (2.53%) IIS
Applications
1 3 (3.80%) LaTeX
1 3 (3.80%) MS Office
2 2 (2.53%) MS Excel
2 2 (2.53%) Spreadsheet
Cloud Services
1 2 (2.53%) Cloud Computing
Communications & Networking
1 1 (1.27%) HTTP
Database & Business Intelligence
1 3 (3.80%) SQL Server
2 2 (2.53%) SQL Server Integration Services
Development Applications
1 5 (6.33%) HP UFT
1 5 (6.33%) Selenium
2 3 (3.80%) Visual Studio
General
1 48 (60.76%) Finance
2 18 (22.78%) Front Office
3 17 (21.52%) Banking
4 16 (20.25%) Retail
5 12 (15.19%) Investment Banking
6 2 (2.53%) Financial Institution
7 1 (1.27%) Back Office
7 1 (1.27%) Marketing
7 1 (1.27%) Retail Banking
Libraries, Frameworks & Software Standards
1 5 (6.33%) .NET
1 5 (6.33%) MSMQ
2 2 (2.53%) Web Services
2 2 (2.53%) WPF
2 2 (2.53%) XSLT
Miscellaneous
1 29 (36.71%) Mathematics
2 22 (27.85%) Physics
3 13 (16.46%) Fixed Income
4 11 (13.92%) Analytical Skills
4 11 (13.92%) Statistics
5 10 (12.66%) Derivative
6 9 (11.39%) Credit Risk
6 9 (11.39%) Foreign Exchange (FX)
7 8 (10.13%) Grid Computing
7 8 (10.13%) Market Risk
8 6 (7.59%) Equities
9 4 (5.06%) Credit Derivative
10 3 (3.80%) Economics
11 2 (2.53%) Algorithms
11 2 (2.53%) Swaptions
12 1 (1.27%) Computer Science
12 1 (1.27%) Hedge funds
Processes & Methodologies
1 25 (31.65%) Validation
2 24 (30.38%) Quantitative Finance
3 19 (24.05%) Risk Management
4 14 (17.72%) Stress Testing
5 9 (11.39%) Analytics
5 9 (11.39%) Econometric Modelling
5 9 (11.39%) Monte Carlo Method
5 9 (11.39%) Statistical Modelling
6 8 (10.13%) Time Series Analysis
7 7 (8.86%) Performance Optimisation
8 5 (6.33%) Greeks
8 5 (6.33%) Test Automation
9 4 (5.06%) Econometrics
9 4 (5.06%) Risk Analytics
10 3 (3.80%) Numerical Analysis
10 3 (3.80%) Quantitative Analysis
10 3 (3.80%) Quantitative Risk Management
10 3 (3.80%) Regression Analysis
10 3 (3.80%) Statistical Analysis
10 3 (3.80%) Wealth Management
Programming Languages
1 30 (37.97%) C#
1 30 (37.97%) C++
2 21 (26.58%) Python
3 9 (11.39%) VBA
4 7 (8.86%) MATLAB
4 7 (8.86%) SQL
5 6 (7.59%) R
6 2 (2.53%) Haskell
7 1 (1.27%) VB
Qualifications
1 30 (37.97%) Degree
2 20 (25.32%) PhD
Quality Assurance & Compliance
1 5 (6.33%) QA
2 1 (1.27%) Basel III
Vendors
1 1 (1.27%) Murex
1 1 (1.27%) Sophis