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 22 August 2014 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
22 Aug 2014
Same period 2013 Same period 2012
Quant Developer
Rank 538 520 557
Rank change year-on-year
-18 +37
Contract jobs requiring a Quantitative Developer 57 58 40
As % of all contract IT jobs located in the UK 0.10% 0.11% 0.069%
As % of the Job Titles category 0.11% 0.12% 0.074%
Number of daily rates quoted 51 51 34
Average daily rate
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of your Daily Rate
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£650 £650 £675
Average daily rate % change year-on-year
- -3.70%
90% offered a daily rate of more than £600 £600 £550
10% offered a daily rate of more than £800 £700 £1,000
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
52042 49402 53772
As % of all contract IT jobs located in the UK 92.34% 92.67% 92.83%
Number of daily rates quoted 31512 29330 30174
Average daily rate £400 £400 £388
Average daily rate % change year-on-year
- +3.22%
90% offered a daily rate of more than £225 £233 £230
10% offered a daily rate of more than £550 £575 £558
UK excluding London average daily rate £350 £350 £340
% change year-on-year
- +2.94%
Number of hourly rates quoted 2002 2126 2663
Average hourly rate £17.00 £17.50 £19.00
Average hourly rate % change year-on-year
-2.85% -7.89%
90% offered a hourly rate of more than £10.50 £11.00 £11.50
10% offered a hourly rate of more than £40.00 £40.00 £41.41
UK excluding London average hourly rate £16.50 £17.00 £18.50
% change year-on-year
-2.94% -8.10%

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 22 August 2014.

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 8 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 22 August 2014. 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 +14 57 £650 - 14
England -27 57 £650 - 16
City of London +21 16 £650 +2.97% 5
South East - - - -
Cambridgeshire - - - - 2
Oxfordshire - - - -
East of England - - - - 2
Cambridge - - - - 2

Quantitative Developer
Top 30 Related IT Skills

For the 6 months to 22 August 2014, 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.

1 115 (87.79%) C++
2 61 (46.56%) Banking
3 59 (45.04%) Front Office
4 49 (37.40%) C#
5 48 (36.64%) Windows
6 46 (35.11%) Investment Banking
6 46 (35.11%) Analytics
7 44 (33.59%) Degree
8 42 (32.06%) Linux
9 40 (30.53%) Computer Science
10 35 (26.72%) Fixed Income
11 34 (25.95%) Finance
12 29 (22.14%) Python
13 28 (21.37%) VBA
14 27 (20.61%) Software Engineering
15 26 (19.85%) Foreign Exchange (FX)
16 23 (17.56%) Perl
16 23 (17.56%) Validation
17 21 (16.03%) Risk Management
18 20 (15.27%) Mathematics
18 20 (15.27%) Derivative
19 18 (13.74%) PhD
20 17 (12.98%) Monte Carlo Method
21 14 (10.69%) Java
22 13 (9.92%) Physics
23 12 (9.16%) STL
24 11 (8.40%) SQL
24 11 (8.40%) .NET
25 10 (7.63%) Boost C++ Libraries
26 9 (6.87%) Multithreading

Quantitative Developer
Top Related IT Skills by Category

For the 6 months to 22 August 2014, 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.

Application Platforms
1 1 (0.76%) Oracle Coherence
Applications
1 2 (1.53%) MS Office
2 1 (0.76%) MS Excel
Database & Business Intelligence
1 2 (1.53%) SQL Server
2 1 (0.76%) Big Data
2 1 (0.76%) KDB
2 1 (0.76%) SQL Server 2008
Development Applications
1 2 (1.53%) Subversion
General
1 61 (46.56%) Banking
2 59 (45.04%) Front Office
3 46 (35.11%) Investment Banking
4 34 (25.95%) Finance
5 1 (0.76%) Financial Institution
Libraries, Frameworks & Software Standards
1 12 (9.16%) STL
2 11 (8.40%) .NET
3 10 (7.63%) Boost C++ Libraries
4 3 (2.29%) WCF
5 1 (0.76%) HTML
5 1 (0.76%) ADO.NET Entity Framework
5 1 (0.76%) HTML5
5 1 (0.76%) jQuery
5 1 (0.76%) .NET Framework
5 1 (0.76%) WPF
Miscellaneous
1 40 (30.53%) Computer Science
2 35 (26.72%) Fixed Income
3 26 (19.85%) Foreign Exchange (FX)
4 20 (15.27%) Mathematics
4 20 (15.27%) Derivative
5 13 (9.92%) Physics
6 7 (5.34%) Market Risk
6 7 (5.34%) Credit Risk
7 6 (4.58%) Statistics
8 5 (3.82%) Equities
8 5 (3.82%) CUDA
9 4 (3.05%) Credit Derivative
9 4 (3.05%) Grid Computing
10 3 (2.29%) Economics
10 3 (2.29%) Equity Derivative
11 2 (1.53%) Interest Rate Derivative
11 2 (1.53%) Hedge funds
12 1 (0.76%) Client/Server
12 1 (0.76%) Hybrid Derivative
12 1 (0.76%) Applied Mathematics
Operating Systems
1 48 (36.64%) Windows
2 42 (32.06%) Linux
3 4 (3.05%) UNIX
Processes & Methodologies
1 46 (35.11%) Analytics
2 27 (20.61%) Software Engineering
3 23 (17.56%) Validation
4 21 (16.03%) Risk Management
5 17 (12.98%) Monte Carlo Method
6 9 (6.87%) Multithreading
7 8 (6.11%) OO
8 6 (4.58%) Low Latency
8 6 (4.58%) Technical Analysis
9 5 (3.82%) Asset Management
9 5 (3.82%) Risk Analytics
9 5 (3.82%) Quantitative Analysis
10 4 (3.05%) Algorithmic Trading
10 4 (3.05%) Stochastic Calculus
10 4 (3.05%) RAD
11 3 (2.29%) Econometrics
11 3 (2.29%) Stress Testing
11 3 (2.29%) Greeks
12 2 (1.53%) Electronic Trading
12 2 (1.53%) Risk Assessment
Programming Languages
1 115 (87.79%) C++
2 49 (37.40%) C#
3 29 (22.14%) Python
4 28 (21.37%) VBA
5 23 (17.56%) Perl
6 14 (10.69%) Java
7 11 (8.40%) SQL
8 9 (6.87%) VB
9 4 (3.05%) Scala
9 4 (3.05%) MATLAB
9 4 (3.05%) VB6
10 2 (1.53%) F#
10 2 (1.53%) R
11 1 (0.76%) JavaScript
11 1 (0.76%) C
11 1 (0.76%) PowerShell
Qualifications
1 44 (33.59%) Degree
2 18 (13.74%) PhD
Quality Assurance & Compliance
1 4 (3.05%) Basel III
2 1 (0.76%) CRD IV
Vendors
1 2 (1.53%) DataSynapse
1 2 (1.53%) TIBCO
2 1 (0.76%) Microsoft
2 1 (0.76%) Perforce
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