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 19 December 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
19 Dec 2014
Same period 2013 Same period 2012
Quant Developer
Rank 517 548 512
Rank change year-on-year
+31 -36
Contract jobs requiring a Quantitative Developer 78 34 45
As % of all contract IT jobs located in the UK 0.14% 0.066% 0.091%
As % of the Job Titles category 0.15% 0.071% 0.098%
Number of daily rates quoted 66 21 38
Average daily rate
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£650 £650 £638
Average daily rate % change year-on-year
- +1.96%
90% offered a daily rate of more than £550 £455 £550
10% offered a daily rate of more than £812 £720 £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
50642 47729 46134
As % of all contract IT jobs located in the UK 91.79% 92.49% 92.95%
Number of daily rates quoted 32228 28770 26034
Average daily rate £400 £400 £380
Average daily rate % change year-on-year
- +5.26%
90% offered a daily rate of more than £230 £225 £225
10% offered a daily rate of more than £575 £575 £558
UK excluding London average daily rate £375 £350 £350
% change year-on-year
+7.14% -
Number of hourly rates quoted 2044 2098 2641
Average hourly rate £16.00 £17.50 £18.50
Average hourly rate % change year-on-year
-8.57% -5.40%
90% offered a hourly rate of more than £10.50 £11.00 £11.00
10% offered a hourly rate of more than £37.50 £37.50 £40.00
UK excluding London average hourly rate £16.00 £17.00 £18.00
% change year-on-year
-5.88% -5.55%

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 19 December 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 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 19 December 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
England +14 78 £650 - 6
London +58 77 £650 - 6
City of London +19 20 £613 -5.76% 2
Scotland - - - -
Edinburgh - - - -

Quantitative Developer
Top 30 Related IT Skills

For the 6 months to 19 December 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.

1 100 (75.19%) C++
2 61 (45.86%) C#
3 52 (39.10%) Banking
4 51 (38.35%) Front Office
5 48 (36.09%) Investment Banking
6 44 (33.08%) .NET
7 43 (32.33%) Finance
8 41 (30.83%) Windows
9 34 (25.56%) Mathematics
9 34 (25.56%) Analytics
10 31 (23.31%) Computer Science
11 29 (21.80%) Linux
11 29 (21.80%) Python
12 24 (18.05%) Degree
13 23 (17.29%) SQL
14 22 (16.54%) Physics
15 21 (15.79%) OO
16 20 (15.04%) Foreign Exchange (FX)
16 20 (15.04%) VBA
16 20 (15.04%) Risk Management
16 20 (15.04%) Derivative
16 20 (15.04%) Analytical Skills
17 19 (14.29%) Java
18 18 (13.53%) Monte Carlo Method
19 16 (12.03%) Credit Risk
19 16 (12.03%) STL
20 15 (11.28%) PhD
20 15 (11.28%) Fixed Income
21 14 (10.53%) Algorithms
22 13 (9.77%) Multithreading

Quantitative Developer
Top Related IT Skills by Category

For the 6 months to 19 December 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 (0.75%) Oracle Coherence
Applications
1 2 (1.50%) MS Office
1 2 (1.50%) MS Excel
2 1 (0.75%) Spreadsheet
Database & Business Intelligence
1 3 (2.26%) KDB
2 1 (0.75%) SQL Server
2 1 (0.75%) Big Data
Development Applications
1 5 (3.76%) Subversion
2 3 (2.26%) ANTLR
2 3 (2.26%) yacc
3 1 (0.75%) Visual Studio
3 1 (0.75%) Visual Studio Tools for Office
3 1 (0.75%) JIRA
General
1 52 (39.10%) Banking
2 51 (38.35%) Front Office
3 48 (36.09%) Investment Banking
4 43 (32.33%) Finance
5 1 (0.75%) Aerospace
5 1 (0.75%) Automotive
Libraries, Frameworks & Software Standards
1 44 (33.08%) .NET
2 16 (12.03%) STL
3 9 (6.77%) Boost C++ Libraries
4 5 (3.76%) WPF
5 3 (2.26%) HTML
5 3 (2.26%) HTML5
6 2 (1.50%) FIX Protocol
6 2 (1.50%) COM
7 1 (0.75%) ASP.NET
7 1 (0.75%) .NET Framework
Miscellaneous
1 34 (25.56%) Mathematics
2 31 (23.31%) Computer Science
3 22 (16.54%) Physics
4 20 (15.04%) Foreign Exchange (FX)
4 20 (15.04%) Derivative
4 20 (15.04%) Analytical Skills
5 16 (12.03%) Credit Risk
6 15 (11.28%) Fixed Income
7 14 (10.53%) Algorithms
8 7 (5.26%) Equity Derivative
8 7 (5.26%) Equities
9 6 (4.51%) Grid Computing
10 4 (3.01%) Statistics
11 3 (2.26%) Market Risk
12 2 (1.50%) Interest Rate Derivative
12 2 (1.50%) Hedge funds
13 1 (0.75%) Artificial Intelligence
13 1 (0.75%) Client/Server
13 1 (0.75%) Open Source
13 1 (0.75%) Exotic Derivative
Operating Systems
1 41 (30.83%) Windows
2 29 (21.80%) Linux
3 5 (3.76%) UNIX
Processes & Methodologies
1 34 (25.56%) Analytics
2 21 (15.79%) OO
3 20 (15.04%) Risk Management
4 18 (13.53%) Monte Carlo Method
5 13 (9.77%) Multithreading
6 12 (9.02%) Software Engineering
7 11 (8.27%) Validation
8 10 (7.52%) Data Modelling
8 10 (7.52%) Low Latency
9 9 (6.77%) Risk Assessment
10 8 (6.02%) RAD
11 7 (5.26%) Agile Software Development
11 7 (5.26%) Technical Analysis
12 6 (4.51%) Algorithmic Trading
12 6 (4.51%) Risk Analytics
13 5 (3.76%) Software Architecture
14 4 (3.01%) Electronic Trading
14 4 (3.01%) Performance Tuning
15 2 (1.50%) User Acceptance Testing
15 2 (1.50%) Stochastic Calculus
Programming Languages
1 100 (75.19%) C++
2 61 (45.86%) C#
3 29 (21.80%) Python
4 23 (17.29%) SQL
5 20 (15.04%) VBA
6 19 (14.29%) Java
7 10 (7.52%) Perl
8 9 (6.77%) MATLAB
9 6 (4.51%) VC++
10 4 (3.01%) R
11 2 (1.50%) VB
12 1 (0.75%) VB6
12 1 (0.75%) PowerShell
Qualifications
1 24 (18.05%) Degree
2 15 (11.28%) PhD
Quality Assurance & Compliance
1 5 (3.76%) Basel III
2 1 (0.75%) QA
System Software
1 2 (1.50%) Platform Symphony
Vendors
1 13 (9.77%) Microsoft
2 8 (6.02%) Oracle
3 5 (3.76%) DataSynapse
4 2 (1.50%) TIBCO
5 1 (0.75%) Perforce
London
Hays IT - Uk Posting account
Rate: £600 - £700 per day + Excellent & Neg
Posted: 2 days ago
City, London
TEKsystems
Rate: £550 - £650 per day
Posted: 4 days ago
London
McGregor Boyall
Rate: £500 - £550 per day
Posted: 5 days ago
City of London
Huxley Banking & Financial Services
Rate: £650 - £750 per day
Posted: 10 days ago
London
Real Staffing
Rate: £600 - £700 per day + competitive
Posted: 26 days ago