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 8 February 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.

Location
3 months to
8 Feb 2016
Same period 2015 Same period 2014
Quant Developer
Rank 573 547 548
Rank change year-on-year
-26 +1
Contract jobs requiring a Quantitative Developer 55 62 34
As % of all contract IT jobs located in the UK 0.11% 0.12% 0.070%
As % of the Job Titles category 0.11% 0.13% 0.074%
Number of daily rates quoted 50 56 30
Average daily rate £675 £625 £675
Average daily rate % change year-on-year
+8.00% -7.40%
90% offered a daily rate of more than £588 £525 £548
10% offered a daily rate of more than £753 £750 £755
UK excluding London average daily rate £375 £813 -
% change year-on-year
-53.84% -
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
48598 48731 45782
As % of all contract IT jobs located in the UK 94.48% 94.46% 94.26%
Number of daily rates quoted 31271 30416 27107
Average daily rate £413 £400 £400
Average daily rate % change year-on-year
+3.12% -
90% offered a daily rate of more than £260 £238 £225
10% offered a daily rate of more than £575 £563 £575
UK excluding London average daily rate £375 £375 £350
% change year-on-year
- +7.14%
Number of hourly rates quoted 1757 1902 2013
Average hourly rate £17.50 £16.72 £17.50
Average hourly rate % change year-on-year
+4.66% -4.45%
90% offered a hourly rate of more than £11.00 £11.00 £11.38
10% offered a hourly rate of more than £49.50 £40.00 £40.00
UK excluding London average hourly rate £17.50 £16.50 £16.50
% change year-on-year
+6.06% -

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 8 February 2016.

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 8 February 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
England -19 54 £675 +8.00% 19
London +2 52 £675 +8.00% 16
City of London +41 9 £750 +25.00% 4
Manchester - 2 £375 -
North West - 2 £375 -

Quantitative Developer
Top 30 Related IT Skills

For the 6 months to 8 February 2016, 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.

1 112 (76.19%) C++
2 89 (60.54%) Finance
3 71 (48.30%) Python
4 67 (45.58%) Front Office
5 62 (42.18%) C#
6 60 (40.82%) Derivative
7 48 (32.65%) Banking
8 46 (31.29%) Mathematics
9 43 (29.25%) Investment Banking
10 42 (28.57%) Analytics
11 32 (21.77%) Fixed Income
12 30 (20.41%) Degree
13 29 (19.73%) PhD
14 26 (17.69%) Physics
15 23 (15.65%) VBA
16 19 (12.93%) SQL
17 17 (11.56%) Interest Rate Derivative
18 16 (10.88%) Computer Science
19 14 (9.52%) Agile Software Development
19 14 (9.52%) Java
19 14 (9.52%) Foreign Exchange (FX)
19 14 (9.52%) Credit Risk
20 13 (8.84%) XML
20 13 (8.84%) MATLAB
21 12 (8.16%) Credit Derivative
22 11 (7.48%) Financial Institution
22 11 (7.48%) Hedge funds
23 10 (6.80%) Multithreading
23 10 (6.80%) Electronic Trading
23 10 (6.80%) Validation

Quantitative Developer
Top Related IT Skills by Category

For the 6 months to 8 February 2016, 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 (0.68%) Apache Spark
1 1 (0.68%) Elasticsearch
1 1 (0.68%) IIS
Applications
1 3 (2.04%) Spreadsheet
2 1 (0.68%) MS Excel
Business Applications
1 6 (4.08%) Front Arena
Cloud Services
1 6 (4.08%) Cloud Computing
2 5 (3.40%) Microsoft Azure
Communications & Networking
1 1 (0.68%) HTTP
1 1 (0.68%) TCP/IP
Database & Business Intelligence
1 8 (5.44%) SQL Server
2 5 (3.40%) Microsoft Analysis Services
2 5 (3.40%) SQL Server Analysis Services
3 4 (2.72%) MongoDB
4 2 (1.36%) Big Data
5 1 (0.68%) Apache Cassandra
5 1 (0.68%) Data Mining
5 1 (0.68%) NoSQL
5 1 (0.68%) SQL Server Integration Services
5 1 (0.68%) Text Mining
Development Applications
1 2 (1.36%) JIRA
2 1 (0.68%) Visual Studio
2 1 (0.68%) VTune
General
1 89 (60.54%) Finance
2 67 (45.58%) Front Office
3 48 (32.65%) Banking
4 43 (29.25%) Investment Banking
5 11 (7.48%) Financial Institution
6 2 (1.36%) Retail
Libraries, Frameworks & Software Standards
1 13 (8.84%) XML
2 8 (5.44%) NumPy
2 8 (5.44%) Pandas
2 8 (5.44%) SciPy
3 5 (3.40%) .NET
3 5 (3.40%) Boost C++ Libraries
3 5 (3.40%) STL
4 3 (2.04%) AngularJS
4 3 (2.04%) HTML
5 2 (1.36%) Django
5 2 (1.36%) PyXLL
5 2 (1.36%) XSLT
6 1 (0.68%) .NET Framework
6 1 (0.68%) ActiveMQ
6 1 (0.68%) COM
6 1 (0.68%) FIX Protocol
6 1 (0.68%) Memcached
6 1 (0.68%) RabbitMQ
6 1 (0.68%) Web Services
6 1 (0.68%) WPF
Miscellaneous
1 60 (40.82%) Derivative
2 46 (31.29%) Mathematics
3 32 (21.77%) Fixed Income
4 26 (17.69%) Physics
5 17 (11.56%) Interest Rate Derivative
6 16 (10.88%) Computer Science
7 14 (9.52%) Credit Risk
7 14 (9.52%) Foreign Exchange (FX)
8 12 (8.16%) Credit Derivative
9 11 (7.48%) Hedge funds
10 8 (5.44%) Algorithms
10 8 (5.44%) Equities
10 8 (5.44%) Grid Computing
10 8 (5.44%) Statistics
11 6 (4.08%) Equity Derivative
12 4 (2.72%) Economics
12 4 (2.72%) Swaptions
13 3 (2.04%) Analytical Skills
13 3 (2.04%) Data Structures
13 3 (2.04%) Market Risk
Operating Systems
1 10 (6.80%) Windows
2 4 (2.72%) Linux
Processes & Methodologies
1 42 (28.57%) Analytics
2 14 (9.52%) Agile Software Development
3 10 (6.80%) Electronic Trading
3 10 (6.80%) Multithreading
3 10 (6.80%) Validation
4 9 (6.12%) Monte Carlo Method
4 9 (6.12%) Software Engineering
5 7 (4.76%) TDD
6 6 (4.08%) Econometrics
7 5 (3.40%) Risk Analytics
7 5 (3.40%) Risk Management
7 5 (3.40%) Stress Testing
7 5 (3.40%) Time Series Analysis
8 4 (2.72%) Investment Management
8 4 (2.72%) OO
9 3 (2.04%) Change Control
9 3 (2.04%) Defect Management
9 3 (2.04%) Regression Testing
9 3 (2.04%) System Testing
9 3 (2.04%) User Acceptance Testing
Programming Languages
1 112 (76.19%) C++
2 71 (48.30%) Python
3 62 (42.18%) C#
4 23 (15.65%) VBA
5 19 (12.93%) SQL
6 14 (9.52%) Java
7 13 (8.84%) MATLAB
8 9 (6.12%) R
9 6 (4.08%) C
10 5 (3.40%) PowerShell
11 3 (2.04%) JavaScript
11 3 (2.04%) Scala
12 1 (0.68%) Clojure
12 1 (0.68%) Haskell
12 1 (0.68%) Tcl
12 1 (0.68%) VB
Qualifications
1 30 (20.41%) Degree
2 29 (19.73%) PhD
3 3 (2.04%) Postgraduate
Quality Assurance & Compliance
1 8 (5.44%) QA
Systems Management
1 2 (1.36%) Control-M
Vendors
1 6 (4.08%) SunGard
2 5 (3.40%) Oracle
3 1 (0.68%) Cloudera
3 1 (0.68%) Microsoft
3 1 (0.68%) Murex
3 1 (0.68%) TIBCO
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