Quant Analyst
UK

The median Quant Analyst salary in the UK is £100,000 per year according to job vacancies posted during the 6 months to 13 May 2024.

The first table below provides salary benchmarking and summary statistics including a comparison to same period in the previous 2 years.

6 months to
13 May 2024
Same period 2023 Same period 2022
Rank 859 930 1201
Rank change year-on-year +71 +271 -333
Permanent jobs requiring a Quantitative Analyst 19 42 36
As % of all permanent jobs advertised in the UK 0.019% 0.041% 0.023%
As % of the Job Titles category 0.020% 0.045% 0.024%
Number of salaries quoted 19 33 36
10th Percentile £52,500 - £42,500
25th Percentile £66,125 £57,500 £61,250
Median annual salary (50th Percentile) £100,000 £90,000 £80,000
Median % change year-on-year +11.11% +12.50% -3.03%
75th Percentile £115,000 £115,000 £95,000
90th Percentile £157,500 £137,500 £96,250
UK excluding London median annual salary - £65,000 -

All Permanent IT Job Vacancies
UK

The following table is for comparison with the above and includes summary statistics for all permanent IT job vacancies. Most job vacancies include a discernible job title that can be normalized. As such, the figures in the second row provide an indication of the number of permanent jobs in our overall sample.

Permanent vacancies in the UK with a recognized job title 93,699 92,665 152,640
% of permanent jobs with a recognized job title 94.62% 91.54% 96.10%
Number of salaries quoted 67,079 58,510 84,912
10th Percentile £28,500 £32,500 £32,500
25th Percentile £38,500 £45,000 £42,611
Median annual salary (50th Percentile) £52,500 £60,000 £60,000
Median % change year-on-year -12.50% - +9.09%
75th Percentile £71,250 £80,719 £78,750
90th Percentile £90,000 £100,000 £95,000
UK excluding London median annual salary £50,000 £53,000 £50,173
% change year-on-year -5.66% +5.64% +5.63%

Quantitative Analyst
Job Vacancy Trend

Job postings that featured Quantitative Analyst in the job title as a proportion of all IT jobs advertised.

Job vacancy trend for Quantitative Analyst in the UK

Quantitative Analyst
Salary Trend

3-month moving average salary quoted in jobs citing Quantitative Analyst.

Salary trend for Quantitative Analyst in the UK

Quantitative Analyst
Salary Histogram

Salary distribution for jobs citing Quantitative Analyst over the 6 months to 13 May 2024.

Salary histogram for Quantitative Analyst in the UK

Quantitative Analyst
Top 3 Job Locations

The table below looks at the demand and provides a guide to the median salaries quoted in IT jobs citing Quantitative Analyst within the UK over the 6 months to 13 May 2024. The 'Rank Change' column provides an indication of the change in demand within each location based on the same 6 month period last year.

Location Rank Change
on Same Period
Last Year
Matching
Permanent
IT Job Ads
Median Salary
Past 6 Months
Median Salary
% Change
on Same Period
Last Year
Live
Jobs
London +96 19 £100,000 +11.11% 31
England +83 19 £100,000 +11.11% 35
Work from Home +77 4 £88,250 +47.08% 13

Quantitative Analyst Skill Set
Top 30 Co-occurring Skills and Capabilities

For the 6 months to 13 May 2024, Quantitative Analyst job roles required the following skills and capabilities in order of popularity. The figures indicate the absolute number co-occurrences and as a proportion of all permanent job ads featuring Quantitative Analyst in the job title.

1 18 (94.74%) Python
2 14 (73.68%) C++
3 12 (63.16%) Statistics
3 12 (63.16%) Degree
3 12 (63.16%) Mathematics
4 11 (57.89%) Statistical Modelling
4 11 (57.89%) C#
4 11 (57.89%) PhD
4 11 (57.89%) Master's Degree
5 10 (52.63%) Physics
6 9 (47.37%) Computer Science
6 9 (47.37%) Kalman Filter
6 9 (47.37%) Data Science
7 8 (42.11%) MATLAB
7 8 (42.11%) Finance
8 7 (36.84%) R
9 4 (21.05%) Quantitative Analysis
9 4 (21.05%) Derivative
9 4 (21.05%) SQL
10 3 (15.79%) OOP
10 3 (15.79%) OO
10 3 (15.79%) Banking
10 3 (15.79%) Financial Institution
10 3 (15.79%) Monte Carlo Method
10 3 (15.79%) Analytics
11 2 (10.53%) Low Latency
11 2 (10.53%) GitHub
11 2 (10.53%) Hedge funds
11 2 (10.53%) Reinsurance
11 2 (10.53%) Investment Management

Quantitative Analyst Skill Set
Co-occurring Skills and Capabilities 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:

Application Platforms
1 1 (5.26%) CMS
Cloud Services
1 2 (10.53%) GitHub
Database & Business Intelligence
1 1 (5.26%) Big Data
Development Applications
1 2 (10.53%) JIRA
2 1 (5.26%) GDB
General
1 8 (42.11%) Finance
2 3 (15.79%) Banking
2 3 (15.79%) Financial Institution
3 2 (10.53%) Organisational Skills
3 2 (10.53%) Social Skills
4 1 (5.26%) Analytical Skills
4 1 (5.26%) Front Office
4 1 (5.26%) Investment Banking
Libraries, Frameworks & Software Standards
1 1 (5.26%) Boost C++ Libraries
1 1 (5.26%) STL
Miscellaneous
1 4 (21.05%) Derivative
2 2 (10.53%) Client/Server
2 2 (10.53%) Fixed Income
2 2 (10.53%) Foreign Exchange (FX)
2 2 (10.53%) Greenfield Project
2 2 (10.53%) Hedge funds
2 2 (10.53%) Reinsurance
3 1 (5.26%) Algorithms
3 1 (5.26%) Credit Risk
Operating Systems
1 1 (5.26%) Windows
Processes & Methodologies
1 12 (63.16%) Mathematics
1 12 (63.16%) Statistics
2 11 (57.89%) Statistical Modelling
3 10 (52.63%) Physics
4 9 (47.37%) Computer Science
4 9 (47.37%) Data Science
4 9 (47.37%) Kalman Filter
5 4 (21.05%) Quantitative Analysis
6 3 (15.79%) Analytics
6 3 (15.79%) Monte Carlo Method
6 3 (15.79%) OO
6 3 (15.79%) OOP
7 2 (10.53%) Data Architecture
7 2 (10.53%) Investment Management
7 2 (10.53%) Low Latency
7 2 (10.53%) Requirements Gathering
8 1 (5.26%) Financial Modelling
8 1 (5.26%) Model Validation
8 1 (5.26%) Risk Analysis
8 1 (5.26%) Stochastic Calculus
Programming Languages
1 18 (94.74%) Python
2 14 (73.68%) C++
3 11 (57.89%) C#
4 8 (42.11%) MATLAB
5 7 (36.84%) R
6 4 (21.05%) SQL
7 2 (10.53%) Java
7 2 (10.53%) VBA
8 1 (5.26%) C
Qualifications
1 12 (63.16%) Degree
2 11 (57.89%) Master's Degree
2 11 (57.89%) PhD
3 2 (10.53%) CFA