Quantitative Developer Contracts
 
Demand Trend Daily Rate Trend Daily Rate Histogram Hourly Rate Trend Job Locations Related Skills

The first table below looks at the demand 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 20 May 2013 with a comparison to the same period in the previous 2 years. The second table is for comparison and provides aggregates for all Job Titles currently tracked.

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
20 May 2013		 Same period 2012 Same period 2011
Quant Developer
Rank 506 540 530
Rank change year-on-year
+34 -10
Contract jobs requiring a Quantitative Developer 27 33 58
As % of all contract IT jobs located in the UK 0.058% 0.057% 0.096%
As % of the Job Titles category 0.063% 0.061% 0.104%
Number of daily rates quoted 25 18 49
Average daily rate £600 £550 £650
Average daily rate % change year-on-year
+9.09% -15.38%
90% offered a daily rate of more than £550 £525 £575
10% offered a daily rate of more than £690 £765 £700
UK excluding London average daily rate - £750 -
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
All Job Titles
UK
Contract IT job ads with a match in the
Job Titles category		 42921 54032 55868
As % of all contract IT jobs located in the UK 92.24% 92.62% 92.77%
Number of daily rates quoted 24602 29796 30366
Average daily rate £400 £400 £425
Average daily rate % change year-on-year
- -5.88%
90% offered a daily rate of more than £238 £240 £250
10% offered a daily rate of more than £575 £575 £600
UK excluding London average daily rate £350 £350 £350
Number of hourly rates quoted 2138 2561 2889
Average hourly rate £18.53 £18.75 £20.00
Average hourly rate % change year-on-year
-1.20% -6.25%
90% offered a hourly rate of more than £11.00 £11.00 £11.00
10% offered a hourly rate of more than £41.74 £40.00 £41.00
UK excluding London average hourly rate £17.50 £18.00 £20.00
% change year-on-year
-2.77% -10.00%

Quantitative Developer
Jobs Demand Trend

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

Quantitative Developer Jobs Demand Trend

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

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 20 May 2013.

Quantitative Developer Daily Rate Histogram

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

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 20 May 2013. 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
(Click each for more statistics)		 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
England +57 27 £600 +9.09%
London +18 27 £600 +9.09%
City of London +16 5 £550 -12.00%
Canary Wharf -3 5 £600 -
Docklands, London +2 1 - -

Quantitative Developer
Top 30 Related IT Skills

For the 6 months to 20 May 2013, 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 41 (87.23%) C++
2 23 (48.94%) Analytics
3 22 (46.81%) Finance
3 22 (46.81%) Derivative
4 19 (40.43%) Mathematics
5 18 (38.30%) Banking
5 18 (38.30%) Front Office
6 16 (34.04%) Fixed Income
6 16 (34.04%) PhD
7 15 (31.91%) Investment Banking
7 15 (31.91%) Physics
8 13 (27.66%) C#
9 12 (25.53%) Windows
10 11 (23.40%) STL
10 11 (23.40%) Credit Risk
11 10 (21.28%) Boost C++ Libraries
11 10 (21.28%) SQL
12 9 (19.15%) Linux
12 9 (19.15%) Monte Carlo Method
13 8 (17.02%) Multithreading
13 8 (17.02%) VBA
13 8 (17.02%) Software Engineering
14 7 (14.89%) Risk Management
14 7 (14.89%) SQL Server
14 7 (14.89%) Sybase
14 7 (14.89%) Microsoft
14 7 (14.89%) Python
14 7 (14.89%) Degree
14 7 (14.89%) LLVM
15 6 (12.77%) XML

Quantitative Developer
Top Related IT Skills by Category

For the 6 months to 20 May 2013, 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 Development
1 11 (23.40%) STL
2 10 (21.28%) Boost C++ Libraries
3 6 (12.77%) XML
4 5 (10.64%) Web Services
4 5 (10.64%) .NET
5 3 (6.383%) Murex Flex
Applications
1 2 (4.255%) Spreadsheet
2 1 (2.128%) MS Excel
2 1 (2.128%) S-PLUS
Database & Business Intelligence
1 7 (14.89%) SQL Server
Development Applications
1 7 (14.89%) LLVM
2 3 (6.383%) TeamCity
3 1 (2.128%) Ant
3 1 (2.128%) Jenkins
General
1 22 (46.81%) Finance
2 18 (38.30%) Banking
2 18 (38.30%) Front Office
3 15 (31.91%) Investment Banking
4 1 (2.128%) Retail
Miscellaneous
1 22 (46.81%) Derivative
2 19 (40.43%) Mathematics
3 16 (34.04%) Fixed Income
4 15 (31.91%) Physics
5 11 (23.40%) Credit Risk
6 5 (10.64%) Computer Science
6 5 (10.64%) Grid Computing
6 5 (10.64%) Foreign Exchange (FX)
7 3 (6.383%) Credit Derivative
7 3 (6.383%) Interest Rate Derivative
7 3 (6.383%) Equity Derivative
7 3 (6.383%) Hedge funds
8 2 (4.255%) Statistics
8 2 (4.255%) Equities
9 1 (2.128%) Market Risk
9 1 (2.128%) Visualisation
Operating Systems
1 12 (25.53%) Windows
2 9 (19.15%) Linux
3 3 (6.383%) UNIX
Processes & Methodologies
1 23 (48.94%) Analytics
2 9 (19.15%) Monte Carlo Method
3 8 (17.02%) Software Engineering
3 8 (17.02%) Multithreading
4 7 (14.89%) Risk Management
5 3 (6.383%) Stochastic Calculus
5 3 (6.383%) Rapid Prototyping
6 2 (4.255%) MVC
6 2 (4.255%) Risk Analysis
6 2 (4.255%) OOP
6 2 (4.255%) OO
7 1 (2.128%) Data Modelling
7 1 (2.128%) Validation
7 1 (2.128%) Asset Management
7 1 (2.128%) Risk Analytics
Programming Languages
1 41 (87.23%) C++
2 13 (27.66%) C#
3 10 (21.28%) SQL
4 8 (17.02%) VBA
5 7 (14.89%) Python
6 5 (10.64%) VC++
7 4 (8.511%) Java
7 4 (8.511%) R
8 3 (6.383%) PowerShell
8 3 (6.383%) Perl
8 3 (6.383%) C
8 3 (6.383%) VB
8 3 (6.383%) VB.NET
9 2 (4.255%) MATLAB
10 1 (2.128%) Ruby
Qualifications
1 16 (34.04%) PhD
2 7 (14.89%) Degree
3 1 (2.128%) Postgraduate
Quality Assurance & Compliance
1 1 (2.128%) Solvency II
Vendors
1 7 (14.89%) Sybase
1 7 (14.89%) Microsoft
2 3 (6.383%) Murex
3 2 (4.255%) Reuters
3 2 (4.255%) Bloomberg
3 2 (4.255%) Oracle
Quantitative Developer
London
I currently have an opportunity for a Quant Developer within a top investment bank's quant analytics team. The role will see you join a team responsible for...
Real Staffing
Rate: £650 per day
Posted: 15 May 2013
C++ Quant Developer
City, London
Key Requirements: - Expert C++ - Strong mathematical skills - Derivatives pricing (ideally fixed income) - Experience as either a Quant Developer or a Front Office Developer - Educated in a mathematical subject (...
Nicoll Curtin
Rate: £500 - £600 per day
Posted: 15 May 2013
Quant Developer C++
London
I currently have an exciting opportunity within a Top Tier Bank's Quant Analytics group.The role will see you join a team responsible for a variety projects...
Real Staffing
Rate: £650 per day
Posted: 15 May 2013
C++ Quant Developer - Tier 1 Investment Bank
City, London
Key Requirements: - Expert C++, very strong experience with STL - Strong mathematical skills - Derivatives pricing (ideally fixed income) - Experience as either a Quant Developer or a Front Office Developer -...
Nicoll Curtin
Rate: £550 - £650 per day
Posted: 17 May 2013
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