The statistics below represent IT contracts advertised across the UK that had Quantitative Risk Analyst featuring in the job title. Included is a guide to the contractor rates offered over the 3 months to 30 July 2016 with a comparison to same period over 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.

3 months to
30 Jul 2016
Same period 2015 Same period 2014
Quantitative Risk Analyst
Rank 636 661 635
Rank change year-on-year
+25 -26
Contract jobs requiring a Quantitative Risk Analyst 25 2 3
As % of all contract IT jobs located in the UK 0.046% 0.004% 0.005%
As % of the Job Titles category 0.049% 0.004% 0.006%
Number of daily rates quoted 12 2 3
Median daily rate £650 £675 £650
Median daily rate % change year-on-year
-3.70% +3.84%
90% offered a daily rate of more than £600 £615 £370
10% offered a daily rate of more than £748 £735 £690
UK excluding London median daily rate £600 - -
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median 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
51008 54089 51827
As % of all contract IT jobs located in the UK 94.75% 94.76% 94.70%
Number of daily rates quoted 33192 34291 31378
Median daily rate £425 £400 £400
Median daily rate % change year-on-year
+6.25% -
90% offered a daily rate of more than £255 £240 £225
10% offered a daily rate of more than £575 £575 £550
UK excluding London median daily rate £388 £375 £350
% change year-on-year
+3.33% +7.14%
Number of hourly rates quoted 1546 2003 2097
Median hourly rate £17.00 £16.50 £16.50
Median hourly rate % change year-on-year
+3.03% -
90% offered a hourly rate of more than £11.00 £11.00 £10.50
10% offered a hourly rate of more than £45.00 £42.46 £37.50
UK excluding London median hourly rate £16.50 £16.16 £16.25
% change year-on-year
+2.10% -0.55%

Quantitative Risk Analyst
Jobs Demand Trend

The demand trend of IT contracts that featured Quantitative Risk Analyst in the job title.

Quantitative Risk Analyst Jobs Demand Trend in the UK

Quantitative Risk Analyst
Daily Rate Trend

This chart provides the 3-month moving average for daily rates quoted in IT contract jobs citing Quantitative Risk Analyst within the UK.

Quantitative Risk Analyst Daily Rate Trend in the UK

Quantitative Risk Analyst
Daily Rate Histogram

This chart provides a histogram of daily rates quoted in contract IT jobs citing Quantitative Risk Analyst within the UK over the 3 months to 30 July 2016.

Quantitative Risk Analyst Daily Rate Histogram in the UK

Quantitative Risk Analyst
Top 5 Contract Locations

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Quantitative Risk Analyst within the UK over the 3 months to 30 July 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
(Click see detailed
statistics and trends)
Rank Change
on Same Period
Last Year
Matching
Contract
IT Job Ads
Median
Daily Rate
Last 3 Months
Median Daily Rate
% Change
on Same Period
Last Year
Live
Job
Vacancies
England +39 24 £650 -3.70% 1
London +20 24 £650 -3.70% 1
City of London +49 1 £625 +4.16%
Edinburgh - 1 £600 -
Scotland - 1 £600 -

Quantitative Risk Analyst Skill Set
Top 30 Related IT Skills

For the 6 months to 30 July 2016, Quantitative Risk Analyst contract jobs required the following IT skills in order of popularity. The figures indicate the number co-occurrences and its proportion to all contract ads featuring Quantitative Risk Analyst in the job title.

1 22 (51.16%) Finance
1 22 (51.16%) Validation
2 21 (48.84%) Degree
3 20 (46.51%) Front Office
4 17 (39.53%) C#
4 17 (39.53%) Mathematics
4 17 (39.53%) Stress Testing
5 16 (37.21%) Retail
6 13 (30.23%) Risk Management
6 13 (30.23%) Quantitative Finance
7 12 (27.91%) Physics
8 8 (18.60%) C++
9 7 (16.28%) Foreign Exchange (FX)
9 7 (16.28%) Credit Risk
9 7 (16.28%) Market Risk
10 6 (13.95%) Monte Carlo Method
10 6 (13.95%) Derivative
10 6 (13.95%) VBA
10 6 (13.95%) Grid Computing
10 6 (13.95%) Fixed Income
10 6 (13.95%) Credit Risk Modelling
10 6 (13.95%) Performance Optimisation
11 5 (11.63%) Analytics
11 5 (11.63%) Statistics
11 5 (11.63%) Greeks
12 4 (9.30%) Banking
13 3 (6.98%) Quantitative Risk Management
13 3 (6.98%) Risk Analytics
13 3 (6.98%) Regression Analysis
13 3 (6.98%) R

Quantitative Risk Analyst Skill Set
Top Related IT Skills by Category

The follow tables expand on the table above by listing co-occurrences grouped by category. The same job type, locality and period is covered with up to 20 co-occurrences shown in each of the following categories:

Application Platforms
1 3 (6.98%) SAS
Applications
1 3 (6.98%) LaTeX
1 3 (6.98%) MS Office
2 2 (4.65%) MS Excel
3 1 (2.33%) Spreadsheet
Cloud Services
1 1 (2.33%) Cloud Computing
Development Applications
1 2 (4.65%) HP UFT
1 2 (4.65%) Selenium
General
1 22 (51.16%) Finance
2 20 (46.51%) Front Office
3 16 (37.21%) Retail
4 4 (9.30%) Banking
5 2 (4.65%) Investment Banking
6 1 (2.33%) Back Office
Libraries, Frameworks & Software Standards
1 2 (4.65%) .NET
1 2 (4.65%) MSMQ
2 1 (2.33%) XSLT
Miscellaneous
1 17 (39.53%) Mathematics
2 12 (27.91%) Physics
3 7 (16.28%) Credit Risk
3 7 (16.28%) Foreign Exchange (FX)
3 7 (16.28%) Market Risk
4 6 (13.95%) Derivative
4 6 (13.95%) Fixed Income
4 6 (13.95%) Grid Computing
5 5 (11.63%) Statistics
6 3 (6.98%) Analytical Skills
7 2 (4.65%) Credit Derivative
7 2 (4.65%) Economics
8 1 (2.33%) Computer Science
8 1 (2.33%) Hedge funds
8 1 (2.33%) Swaptions
Processes & Methodologies
1 22 (51.16%) Validation
2 17 (39.53%) Stress Testing
3 13 (30.23%) Quantitative Finance
3 13 (30.23%) Risk Management
4 6 (13.95%) Credit Risk Modelling
4 6 (13.95%) Monte Carlo Method
4 6 (13.95%) Performance Optimisation
5 5 (11.63%) Analytics
5 5 (11.63%) Greeks
6 3 (6.98%) Quantitative Risk Management
6 3 (6.98%) Regression Analysis
6 3 (6.98%) Risk Analytics
6 3 (6.98%) Statistical Analysis
7 2 (4.65%) Numerical Analysis
7 2 (4.65%) Quantitative Analysis
7 2 (4.65%) Test Automation
8 1 (2.33%) Business Analysis
8 1 (2.33%) Econometrics
Programming Languages
1 17 (39.53%) C#
2 8 (18.60%) C++
3 6 (13.95%) VBA
4 3 (6.98%) MATLAB
4 3 (6.98%) R
4 3 (6.98%) SQL
5 2 (4.65%) Haskell
5 2 (4.65%) Python
Qualifications
1 21 (48.84%) Degree
2 3 (6.98%) PhD
Quality Assurance & Compliance
1 2 (4.65%) QA
2 1 (2.33%) Basel III