Quantitative Finance Contracts with Work from Home Options

Quantitative Finance (Mathematical Finance)
UK > Work from Home

The table below provides summary statistics for contract job vacancies with an option to work from home (WFH) and a requirement for Quantitative Finance skills. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Quantitative Finance over the 6 months to 2 May 2024 with a comparison to the same period in the previous 2 years.

6 months to
2 May 2024
Same period 2023 Same period 2022
Rank 325 452 617
Rank change year-on-year +127 +165 -
Contract jobs citing Quantitative Finance 19 19 6
As % of all contract jobs with a WFH option 0.12% 0.074% 0.013%
As % of the Processes & Methodologies category 0.14% 0.082% 0.015%
Number of daily rates quoted 15 12 5
10th Percentile £768 £680 £558
25th Percentile £819 £725 £625
Median daily rate (50th Percentile) £863 £850 £650
Median % change year-on-year +1.47% +30.77% -
75th Percentile £950 £890 £775
90th Percentile £1,040 £900 £880
UK median daily rate £856 £800 £750
% change year-on-year +7.03% +6.67% -

All Process and Methodology Skills
Work from Home

Quantitative Finance is in the Processes and Methodologies category. The following table is for comparison with the above and provides summary statistics for all contract job vacancies with a WFH option and a requirement for process or methodology skills.

Contract vacancies with a requirement for process or methodology skills 13,413 23,039 40,643
As % of all contract jobs with a WFH option 87.92% 89.76% 91.17%
Number of daily rates quoted 8,959 16,290 29,502
10th Percentile £325 £363 £361
25th Percentile £425 £450 £431
Median daily rate (50th Percentile) £525 £540 £525
Median % change year-on-year -2.78% +2.86% +8.81%
75th Percentile £638 £650 £625
90th Percentile £750 £750 £719
UK median daily rate £525 £550 £528
% change year-on-year -4.55% +4.17% +8.31%
Number of hourly rates quoted 580 529 544
10th Percentile £15.17 £19.00 £13.58
25th Percentile £25.38 £30.54 £19.98
Median hourly rate £43.00 £55.00 £35.00
Median % change year-on-year -21.82% +57.14% +34.62%
75th Percentile £60.00 £68.75 £55.00
90th Percentile £75.25 £80.00 £67.35
UK median hourly rate £35.58 £36.00 £25.00
% change year-on-year -1.18% +44.00% -

Quantitative Finance
Trend for Jobs with a WFH Option

Job vacancies with a work from home option citing Quantitative Finance as a proportion of all IT jobs advertised.

Quantitative Finance trend for jobs with a WFH option

Quantitative Finance
Daily Rate Trend for Jobs with a WFH Option

3-month moving average daily rate quoted in job vacancies with a work from home option citing Quantitative Finance.

Quantitative Finance daily rate for jobs with a WFH option

Quantitative Finance
Daily Rate Histogram for Jobs with a WFH Option

Daily rate distribution for jobs with a work from home option citing Quantitative Finance over the 6 months to 2 May 2024.

Quantitative Finance daily rate histogram for jobs with a WFH option

Quantitative Finance
Co-occurring Skills and Capabilities with WFH Options by Category

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

Applications
1 4 (21.05%) Microsoft Excel
Business Applications
1 1 (5.26%) Orchestrade
Database & Business Intelligence
1 1 (5.26%) KDB
Development Applications
1 4 (21.05%) Git
1 4 (21.05%) Visual Studio
General
1 19 (100.00%) Finance
2 8 (42.11%) Analytical Skills
3 7 (36.84%) Banking
3 7 (36.84%) Investment Banking
4 4 (21.05%) Front Office
5 2 (10.53%) Social Skills
6 1 (5.26%) Corporate Banking
6 1 (5.26%) Financial Institution
6 1 (5.26%) Retail
6 1 (5.26%) Retail Banking
Job Titles
1 9 (47.37%) Developer
2 8 (42.11%) Analyst
2 8 (42.11%) Qualitative Analyst
2 8 (42.11%) Quantitative Analyst
3 6 (31.58%) Quantitative Developer
4 4 (21.05%) Credit Analyst
5 1 (5.26%) KDB Developer
5 1 (5.26%) PHP Developer
Miscellaneous
1 7 (36.84%) Derivative
2 6 (31.58%) Credit Derivative
3 5 (26.32%) Fixed Income
3 5 (26.32%) Hedge funds
4 4 (21.05%) Distributed Computing
4 4 (21.05%) Equities
4 4 (21.05%) Foreign Exchange (FX)
5 3 (15.79%) Algorithms
Operating Systems
1 5 (26.32%) Linux
2 4 (21.05%) Unix
2 4 (21.05%) Windows
Processes & Methodologies
1 12 (63.16%) Mathematics
2 11 (57.89%) Physics
3 6 (31.58%) Analytical Modelling
3 6 (31.58%) Model Validation
3 6 (31.58%) Statistics
4 5 (26.32%) Analytics
4 5 (26.32%) Collaborative Culture
4 5 (26.32%) Computer Science
5 4 (21.05%) Data Analytics
5 4 (21.05%) Mathematical Modelling
5 4 (21.05%) Numerical Analysis
6 3 (15.79%) Validation
7 2 (10.53%) Data Validation
7 2 (10.53%) Problem-Solving
7 2 (10.53%) Systematic Trading
7 2 (10.53%) Test Automation
8 1 (5.26%) Fintech
8 1 (5.26%) Portfolio Management
8 1 (5.26%) Refactoring
8 1 (5.26%) Wealth Management
Programming Languages
1 17 (89.47%) Python
2 15 (78.95%) C++
3 7 (36.84%) C#
3 7 (36.84%) Java
4 5 (26.32%) R
4 5 (26.32%) Shell Script
5 4 (21.05%) Perl
5 4 (21.05%) VBA
6 1 (5.26%) PHP
6 1 (5.26%) SQL
Qualifications
1 15 (78.95%) Degree
2 10 (52.63%) Numerate Degree
3 4 (21.05%) Master's Degree
3 4 (21.05%) PhD
Vendors
1 1 (5.26%) Oracle