The table below looks at the statistics for the Quantitative Developer 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 Developer in their job title over the 3 months to 26 January 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
26 Jan 2015
Same period 2014 Same period 2013
Quant Developer
Rank 515 532 506
Rank change year-on-year
+17 -26
Contract jobs requiring a Quantitative Developer 62 29 21
As % of all contract IT jobs located in the UK 0.12% 0.060% 0.046%
As % of the Job Titles category 0.13% 0.064% 0.050%
Number of daily rates quoted 53 22 17
Average daily rate
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£625 £675 £675
Average daily rate % change year-on-year
-7.40% -
90% offered a daily rate of more than £530 £450 £515
10% offered a daily rate of more than £775 £748 £1,000
UK excluding London average daily rate £1,000 - £600
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
46929 45010 42193
As % of all contract IT jobs located in the UK 92.45% 92.48% 92.87%
Number of daily rates quoted 29475 26884 23919
Average daily rate £400 £400 £375
Average daily rate % change year-on-year
- +6.66%
90% offered a daily rate of more than £238 £225 £226
10% offered a daily rate of more than £563 £575 £550
UK excluding London average daily rate £375 £350 £350
% change year-on-year
+7.14% -
Number of hourly rates quoted 1820 1996 2455
Average hourly rate £16.50 £17.23 £18.50
Average hourly rate % change year-on-year
-4.20% -6.89%
90% offered a hourly rate of more than £11.00 £11.25 £10.50
10% offered a hourly rate of more than £40.00 £39.80 £40.00
UK excluding London average hourly rate £16.16 £16.50 £18.00
% change year-on-year
-2.06% -8.33%

Quantitative Developer
Jobs Demand Trend

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

Quantitative Developer Jobs Demand Trend in the UK

Quantitative Developer
Daily Rate Trend

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

Quantitative Developer Daily Rate Trend in the UK

Quantitative Developer
Daily Rate Histogram

This chart provides a histogram of daily rates quoted in contract IT jobs citing Quantitative Developer within the UK over the 3 months to 26 January 2015.

Quantitative Developer Daily Rate Histogram in the UK

Quantitative Developer
Hourly Rate Trend

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

Quantitative Developer Hourly Rate Trend in the UK

Quantitative Developer
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 Developer within the UK over the 3 months to 26 January 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
England +7 62 £625 -7.40% 14
London +35 61 £625 -7.40% 14
City of London +18 17 £600 -9.43% 8
Scotland - - - -
Edinburgh - - - -

Quantitative Developer
Top 30 Related IT Skills

For the 6 months to 26 January 2015, IT contractor jobs within the UK that cited Quantitative Developer 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 Developer in their job title.

1 100 (76.34%) C++
2 61 (46.56%) C#
3 54 (41.22%) Front Office
4 53 (40.46%) Banking
5 50 (38.17%) Investment Banking
6 45 (34.35%) .NET
7 42 (32.06%) Windows
8 40 (30.53%) Finance
9 36 (27.48%) Analytics
10 33 (25.19%) Mathematics
11 32 (24.43%) Python
12 27 (20.61%) Linux
13 26 (19.85%) Computer Science
14 25 (19.08%) VBA
15 23 (17.56%) SQL
15 23 (17.56%) Foreign Exchange (FX)
15 23 (17.56%) Risk Management
15 23 (17.56%) Analytical Skills
16 22 (16.79%) OO
17 21 (16.03%) Degree
18 20 (15.27%) Physics
18 20 (15.27%) Derivative
19 19 (14.50%) Java
20 15 (11.45%) Fixed Income
21 14 (10.69%) STL
21 14 (10.69%) Credit Risk
21 14 (10.69%) Multithreading
21 14 (10.69%) Monte Carlo Method
21 14 (10.69%) Algorithms
22 13 (9.92%) Microsoft

Quantitative Developer
Top Related IT Skills by Category

For the 6 months to 26 January 2015, IT contractor jobs within the UK that cited Quantitative Developer 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 Developer in their job title. Up to 20 skills are shown per category.

Applications
1 3 (2.29%) Spreadsheet
2 2 (1.53%) MS Office
2 2 (1.53%) MS Excel
Business Applications
1 1 (0.76%) FINCAD Analytics
Database & Business Intelligence
1 3 (2.29%) KDB
2 1 (0.76%) SQL Server
Development Applications
1 5 (3.82%) Subversion
2 3 (2.29%) yacc
2 3 (2.29%) Visual Studio
2 3 (2.29%) ANTLR
3 1 (0.76%) Visual Studio Tools for Office
3 1 (0.76%) JIRA
General
1 54 (41.22%) Front Office
2 53 (40.46%) Banking
3 50 (38.17%) Investment Banking
4 40 (30.53%) Finance
5 1 (0.76%) Aerospace
5 1 (0.76%) Automotive
Libraries, Frameworks & Software Standards
1 45 (34.35%) .NET
2 14 (10.69%) STL
3 7 (5.34%) Boost C++ Libraries
4 4 (3.05%) WPF
5 2 (1.53%) FIX Protocol
5 2 (1.53%) HTML
5 2 (1.53%) COM
5 2 (1.53%) HTML5
6 1 (0.76%) ASP.NET
6 1 (0.76%) .NET Framework
Miscellaneous
1 33 (25.19%) Mathematics
2 26 (19.85%) Computer Science
3 23 (17.56%) Analytical Skills
3 23 (17.56%) Foreign Exchange (FX)
4 20 (15.27%) Derivative
4 20 (15.27%) Physics
5 15 (11.45%) Fixed Income
6 14 (10.69%) Algorithms
6 14 (10.69%) Credit Risk
7 8 (6.11%) Equities
7 8 (6.11%) Equity Derivative
8 6 (4.58%) Grid Computing
9 4 (3.05%) Statistics
10 3 (2.29%) Market Risk
11 2 (1.53%) Open Source
12 1 (0.76%) Hedge funds
12 1 (0.76%) Interest Rate Derivative
12 1 (0.76%) Artificial Intelligence
12 1 (0.76%) Exotic Derivative
12 1 (0.76%) Client/Server
Operating Systems
1 42 (32.06%) Windows
2 27 (20.61%) Linux
3 5 (3.82%) UNIX
Processes & Methodologies
1 36 (27.48%) Analytics
2 23 (17.56%) Risk Management
3 22 (16.79%) OO
4 14 (10.69%) Monte Carlo Method
4 14 (10.69%) Multithreading
5 12 (9.16%) Low Latency
5 12 (9.16%) Software Engineering
6 11 (8.40%) Risk Assessment
6 11 (8.40%) Validation
7 10 (7.63%) RAD
7 10 (7.63%) Data Modelling
8 8 (6.11%) Agile Software Development
9 6 (4.58%) Risk Analytics
9 6 (4.58%) Algorithmic Trading
9 6 (4.58%) Technical Analysis
10 5 (3.82%) Software Architecture
11 4 (3.05%) Performance Tuning
11 4 (3.05%) Electronic Trading
12 2 (1.53%) OOP
12 2 (1.53%) Continuous Integration
Programming Languages
1 100 (76.34%) C++
2 61 (46.56%) C#
3 32 (24.43%) Python
4 25 (19.08%) VBA
5 23 (17.56%) SQL
6 19 (14.50%) Java
7 10 (7.63%) Perl
8 9 (6.87%) MATLAB
9 6 (4.58%) VC++
10 4 (3.05%) R
11 1 (0.76%) VB6
11 1 (0.76%) C++/CLI
11 1 (0.76%) VB
Qualifications
1 21 (16.03%) Degree
2 12 (9.16%) PhD
Quality Assurance & Compliance
1 5 (3.82%) Basel III
2 1 (0.76%) QA
System Software
1 2 (1.53%) Platform Symphony
Vendors
1 13 (9.92%) Microsoft
2 8 (6.11%) Oracle
3 4 (3.05%) DataSynapse
4 2 (1.53%) TIBCO
London
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Rate: £550 - £675 per day
Posted: Yesterday
City, London
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Rate: £650 - £720 per day
Posted: 4 days ago
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Hays IT - Uk Posting account
Rate: £650 - £750 per day + Excellent & Neg
Posted: 21 days ago
City of London
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Rate: £600 - £650 per day + competitive
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Rate: £650 - £750 per day + competitive
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