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 21 January 2017 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
21 Jan 2017
Same period 2016 Same period 2015
Quant Analyst
UK
Rank 552 600 595
Rank change year-on-year
+48 -5
Contract jobs requiring a Quantitative Analyst 30 27 12
As % of all contract IT jobs located in the UK 0.068% 0.053% 0.024%
As % of the Job Titles category 0.072% 0.056% 0.025%
Number of daily rates quoted 25 25 11
Median daily rate £725 £675 £625
Median daily rate % change year-on-year
+7.40% +8.00%
90% offered a daily rate of more than £560 £530 £575
10% offered a daily rate of more than £825 £810 £850
UK excluding London median daily rate - £675 £625
% change year-on-year
- +8.00%
Number of hourly rates quoted 1 0 0
Median hourly rate £56.00 - -
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
41727 48141 48107
As % of all contract IT jobs located in the UK 94.76% 94.74% 94.66%
Number of daily rates quoted 27140 30642 30268
Median daily rate £425 £413 £400
Median daily rate % change year-on-year
+3.03% +3.12%
90% offered a daily rate of more than £250 £250 £235
10% offered a daily rate of more than £600 £588 £575
UK excluding London median daily rate £390 £375 £375
% change year-on-year
+4.00% -
Number of hourly rates quoted 1485 1738 1911
Median hourly rate £18.00 £17.50 £16.50
Median hourly rate % change year-on-year
+2.85% +6.06%
90% offered a hourly rate of more than £11.13 £10.75 £10.50
10% offered a hourly rate of more than £45.50 £47.50 £37.50
UK excluding London median hourly rate £17.50 £17.50 £16.00
% change year-on-year
- +9.37%

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 21 January 2017.

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 median contractor rates quoted in IT jobs citing Quantitative Analyst within the UK over the 3 months to 21 January 2017. 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 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 +25 30 £725 +7.40% 11
London +18 30 £725 +7.40% 10
City of London -7 1 £575 -16.36% 7

Quantitative Analyst Skill Set
Top 30 Related IT Skills

For the 6 months to 21 January 2017, 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 32 (62.75%) Finance
2 30 (58.82%) C++
3 22 (43.14%) C#
4 21 (41.18%) Market Risk
5 19 (37.25%) Quantitative Finance
6 18 (35.29%) Derivative
7 16 (31.37%) PhD
7 16 (31.37%) Front Office
8 15 (29.41%) Mathematics
9 13 (25.49%) Python
9 13 (25.49%) PnL Attribution
10 12 (23.53%) SQL
10 12 (23.53%) Validation
10 12 (23.53%) Risk Management
10 12 (23.53%) Analytics
11 11 (21.57%) R
11 11 (21.57%) Monte Carlo Method
11 11 (21.57%) Banking
12 9 (17.65%) Java
13 8 (15.69%) Credit Derivative
13 8 (15.69%) Physics
13 8 (15.69%) Statistics
13 8 (15.69%) Stochastic Modelling
14 7 (13.73%) QA
14 7 (13.73%) Credit Risk
14 7 (13.73%) Statistical Analysis
15 6 (11.76%) LaTeX
16 5 (9.80%) Algorithms
16 5 (9.80%) Degree
16 5 (9.80%) Investment Banking

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 1 (1.96%) SAS
Applications
1 6 (11.76%) LaTeX
2 3 (5.88%) Doxygen
3 1 (1.96%) MS Excel
Database & Business Intelligence
1 2 (3.92%) KDB
2 1 (1.96%) MS Access
Development Applications
1 2 (3.92%) Git (software)
1 2 (3.92%) JIRA
2 1 (1.96%) Subversion
General
1 32 (62.75%) Finance
2 16 (31.37%) Front Office
3 11 (21.57%) Banking
4 5 (9.80%) Investment Banking
5 4 (7.84%) Financial Institution
6 3 (5.88%) Back Office
7 2 (3.92%) Retail
8 1 (1.96%) French Language
Libraries, Frameworks & Software Standards
1 2 (3.92%) AngularJS
1 2 (3.92%) FpML
2 1 (1.96%) XML
Miscellaneous
1 21 (41.18%) Market Risk
2 18 (35.29%) Derivative
3 15 (29.41%) Mathematics
4 8 (15.69%) Credit Derivative
4 8 (15.69%) Physics
4 8 (15.69%) Statistics
5 7 (13.73%) Credit Risk
6 5 (9.80%) Algorithms
7 4 (7.84%) Computer Science
8 3 (5.88%) Fintech
9 2 (3.92%) Equities
9 2 (3.92%) Fixed Income
9 2 (3.92%) Foreign Exchange (FX)
9 2 (3.92%) OTC Derivatives
9 2 (3.92%) Wiki
10 1 (1.96%) Analytical Skills
10 1 (1.96%) CUDA
Operating Systems
1 3 (5.88%) Linux
2 1 (1.96%) Windows
Processes & Methodologies
1 19 (37.25%) Quantitative Finance
2 13 (25.49%) PnL Attribution
3 12 (23.53%) Analytics
3 12 (23.53%) Risk Management
3 12 (23.53%) Validation
4 11 (21.57%) Monte Carlo Method
5 8 (15.69%) Stochastic Modelling
6 7 (13.73%) Statistical Analysis
7 4 (7.84%) Change Management
7 4 (7.84%) Continuous Integration
7 4 (7.84%) Risk Analytics
7 4 (7.84%) Stochastic Calculus
8 3 (5.88%) Business Analysis
8 3 (5.88%) Migration
9 2 (3.92%) Electronic Trading
9 2 (3.92%) OO
9 2 (3.92%) OOP
9 2 (3.92%) Statistical Modelling
9 2 (3.92%) Stress Testing
9 2 (3.92%) TDD
Programming Languages
1 30 (58.82%) C++
2 22 (43.14%) C#
3 13 (25.49%) Python
4 12 (23.53%) SQL
5 11 (21.57%) R
6 9 (17.65%) Java
7 4 (7.84%) MATLAB
8 2 (3.92%) C
8 2 (3.92%) JavaScript
8 2 (3.92%) Shell Script
8 2 (3.92%) VBA
Qualifications
1 16 (31.37%) PhD
2 5 (9.80%) Degree
Quality Assurance & Compliance
1 7 (13.73%) QA
2 1 (1.96%) Basel II
Vendors
1 2 (3.92%) Splunk
2 1 (1.96%) Oracle