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 September 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 Sep 2014
Same period 2013 Same period 2012
Quant Developer
Rank 551 529 526
Rank change year-on-year
-22 -3
Contract jobs requiring a Quantitative Developer 55 45 67
As % of all contract IT jobs located in the UK 0.095% 0.085% 0.11%
As % of the Job Titles category 0.10% 0.092% 0.12%
Number of daily rates quoted 46 41 53
Average daily rate
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£675 £650 £650
Average daily rate % change year-on-year
+3.84% -
90% offered a daily rate of more than £588 £600 £550
10% offered a daily rate of more than £800 £750 £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
52499 48968 54351
As % of all contract IT jobs located in the UK 90.83% 92.75% 92.95%
Number of daily rates quoted 32042 29332 30408
Average daily rate £400 £400 £388
Average daily rate % change year-on-year
- +3.22%
90% offered a daily rate of more than £225 £230 £230
10% offered a daily rate of more than £550 £575 £558
UK excluding London average daily rate £360 £350 £348
% change year-on-year
+2.85% +0.71%
Number of hourly rates quoted 2057 2099 2690
Average hourly rate £17.00 £17.00 £18.06
Average hourly rate % change year-on-year
- -5.86%
90% offered a hourly rate of more than £10.50 £11.00 £11.34
10% offered a hourly rate of more than £40.00 £40.00 £41.50
UK excluding London average hourly rate £16.50 £16.20 £17.50
% change year-on-year
+1.85% -7.42%

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 September 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 11 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 September 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 +15 55 £675 +3.84% 12
England -27 55 £675 +3.84% 13
City of London +18 11 £650 - 4
East Midlands - - - -
South East - - - - 1
Cambridge - - - - 2
Lincoln - - - -
Cambridgeshire - - - - 2
Lincolnshire - - - -
Oxfordshire - - - -
East of England - - - - 2

Quantitative Developer
Top 30 Related IT Skills

For the 6 months to 22 September 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.

1 109 (87.20%) C++
2 59 (47.20%) Banking
3 58 (46.40%) Front Office
4 51 (40.80%) Windows
5 47 (37.60%) C#
5 47 (37.60%) Investment Banking
6 45 (36.00%) Linux
7 40 (32.00%) Computer Science
8 39 (31.20%) Analytics
9 36 (28.80%) Degree
10 29 (23.20%) Finance
11 26 (20.80%) Fixed Income
12 25 (20.00%) Python
12 25 (20.00%) Mathematics
13 23 (18.40%) Foreign Exchange (FX)
13 23 (18.40%) Software Engineering
14 22 (17.60%) Validation
14 22 (17.60%) VBA
15 19 (15.20%) Perl
16 18 (14.40%) Derivative
17 16 (12.80%) Physics
17 16 (12.80%) Monte Carlo Method
17 16 (12.80%) .NET
17 16 (12.80%) PhD
18 15 (12.00%) Java
19 13 (10.40%) Risk Management
20 12 (9.60%) SQL
21 10 (8.00%) STL
21 10 (8.00%) Credit Risk
22 9 (7.20%) Multithreading

Quantitative Developer
Top Related IT Skills by Category

For the 6 months to 22 September 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 (0.80%) Oracle Coherence
Applications
1 2 (1.60%) MS Office
2 1 (0.80%) MS Excel
2 1 (0.80%) Spreadsheet
Database & Business Intelligence
1 3 (2.40%) KDB
2 2 (1.60%) SQL Server
3 1 (0.80%) SQL Server 2008
3 1 (0.80%) Big Data
Development Applications
1 2 (1.60%) Subversion
General
1 59 (47.20%) Banking
2 58 (46.40%) Front Office
3 47 (37.60%) Investment Banking
4 29 (23.20%) Finance
Libraries, Frameworks & Software Standards
1 16 (12.80%) .NET
2 10 (8.00%) STL
3 6 (4.80%) Boost C++ Libraries
4 3 (2.40%) WCF
5 1 (0.80%) WPF
5 1 (0.80%) jQuery
5 1 (0.80%) .NET Framework
5 1 (0.80%) HTML5
5 1 (0.80%) ADO.NET Entity Framework
5 1 (0.80%) HTML
Miscellaneous
1 40 (32.00%) Computer Science
2 26 (20.80%) Fixed Income
3 25 (20.00%) Mathematics
4 23 (18.40%) Foreign Exchange (FX)
5 18 (14.40%) Derivative
6 16 (12.80%) Physics
7 10 (8.00%) Credit Risk
8 9 (7.20%) Analytical Skills
9 7 (5.60%) Equities
10 5 (4.00%) Equity Derivative
10 5 (4.00%) CUDA
11 4 (3.20%) Market Risk
12 3 (2.40%) Grid Computing
12 3 (2.40%) Hedge funds
13 2 (1.60%) Credit Derivative
13 2 (1.60%) Interest Rate Derivative
14 1 (0.80%) Hybrid Derivative
14 1 (0.80%) Client/Server
14 1 (0.80%) Open Source
14 1 (0.80%) Statistics
Operating Systems
1 51 (40.80%) Windows
2 45 (36.00%) Linux
3 5 (4.00%) UNIX
Processes & Methodologies
1 39 (31.20%) Analytics
2 23 (18.40%) Software Engineering
3 22 (17.60%) Validation
4 16 (12.80%) Monte Carlo Method
5 13 (10.40%) Risk Management
6 9 (7.20%) OO
6 9 (7.20%) Multithreading
7 7 (5.60%) Technical Analysis
8 6 (4.80%) Low Latency
8 6 (4.80%) Algorithmic Trading
9 5 (4.00%) Risk Analytics
9 5 (4.00%) Agile Software Development
9 5 (4.00%) Asset Management
10 4 (3.20%) RAD
11 3 (2.40%) Quantitative Analysis
11 3 (2.40%) Electronic Trading
12 2 (1.60%) OOP
12 2 (1.60%) Stakeholder Management
13 1 (0.80%) Risk Assessment
13 1 (0.80%) Migration
Programming Languages
1 109 (87.20%) C++
2 47 (37.60%) C#
3 25 (20.00%) Python
4 22 (17.60%) VBA
5 19 (15.20%) Perl
6 15 (12.00%) Java
7 12 (9.60%) SQL
8 6 (4.80%) VB
9 4 (3.20%) MATLAB
9 4 (3.20%) VB6
10 2 (1.60%) R
10 2 (1.60%) VC++
11 1 (0.80%) C
11 1 (0.80%) PowerShell
11 1 (0.80%) F#
11 1 (0.80%) Scala
Qualifications
1 36 (28.80%) Degree
2 16 (12.80%) PhD
Quality Assurance & Compliance
1 6 (4.80%) Basel III
Vendors
1 3 (2.40%) Microsoft
2 2 (1.60%) TIBCO
2 2 (1.60%) Oracle
2 2 (1.60%) DataSynapse
3 1 (0.80%) Perforce
City, London
I.T. Skillfinder
Rate: £350 - £450 per day
Posted: 8 hours ago
London
Hays Finance Technology
Rate: £600.00 - £750.00 per day
Posted: 3 days ago
London
Intapeople
Rate: £400
Posted: 6 days ago
London
Hays IT - Uk Posting account
Rate: £550 - £750 per day + Depending on exp
Posted: 13 days ago
London
Hays IT - Uk Posting account
Rate: £500.00 - £700.00 per annum
Posted: 18 days ago
London
Hays IT - Uk Posting account
Rate: £650 - £750 per day + Depending on exp
Posted: 18 days ago