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 4 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
4 May 2024
Same period 2023 Same period 2022
Rank 890 960 1176
Rank change year-on-year +70 +216 -315
Permanent jobs requiring a Quantitative Analyst 21 39 37
As % of all permanent jobs advertised in the UK 0.021% 0.038% 0.024%
As % of the Job Titles category 0.023% 0.041% 0.025%
Number of salaries quoted 20 30 37
10th Percentile £52,500 £57,500 £42,500
25th Percentile £59,750 £60,000 £57,500
Median annual salary (50th Percentile) £100,000 £90,000 £75,000
Median % change year-on-year +11.11% +20.00% -9.09%
75th Percentile £115,000 £115,000 £95,000
90th Percentile £187,500 £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 93,212 94,769 150,357
% of permanent jobs with a recognized job title 94.62% 91.51% 96.09%
Number of salaries quoted 66,814 59,630 85,382
10th Percentile £28,500 £32,500 £32,500
25th Percentile £38,500 £45,000 £42,500
Median annual salary (50th Percentile) £52,500 £60,000 £60,000
Median % change year-on-year -12.50% - +9.09%
75th Percentile £71,250 £81,250 £78,750
90th Percentile £90,000 £100,000 £96,225
UK excluding London median annual salary £50,000 £53,000 £50,000
% change year-on-year -5.66% +6.00% +5.26%

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 4 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 4 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 +108 21 £100,000 +5.26% 24
England +73 21 £100,000 +11.11% 28
Work from Home +73 4 £61,500 +2.50% 11

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

For the 6 months to 4 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 21 (100.00%) Python
2 15 (71.43%) C++
3 13 (61.90%) Degree
3 13 (61.90%) Mathematics
4 12 (57.14%) Statistics
4 12 (57.14%) C#
5 11 (52.38%) PhD
5 11 (52.38%) Statistical Modelling
5 11 (52.38%) Master's Degree
6 10 (47.62%) Physics
6 10 (47.62%) Finance
7 9 (42.86%) Computer Science
7 9 (42.86%) Kalman Filter
7 9 (42.86%) Data Science
8 7 (33.33%) MATLAB
9 6 (28.57%) Derivative
9 6 (28.57%) R
10 5 (23.81%) SQL
11 4 (19.05%) Java
11 4 (19.05%) OOP
11 4 (19.05%) OO
11 4 (19.05%) GitHub
11 4 (19.05%) Analytics
12 3 (14.29%) Monte Carlo Method
12 3 (14.29%) Investment Management
12 3 (14.29%) Quantitative Analysis
12 3 (14.29%) JIRA
12 3 (14.29%) Financial Institution
12 3 (14.29%) Banking
12 3 (14.29%) Foreign Exchange (FX)

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:

Cloud Services
1 4 (19.05%) GitHub
2 1 (4.76%) AWS
2 1 (4.76%) Azure
2 1 (4.76%) Snowflake
2 1 (4.76%) WhatsApp
Database & Business Intelligence
1 1 (4.76%) Big Data
1 1 (4.76%) PostgreSQL
Development Applications
1 3 (14.29%) JIRA
2 1 (4.76%) GDB
General
1 10 (47.62%) Finance
2 3 (14.29%) Banking
2 3 (14.29%) Financial Institution
3 2 (9.52%) Analytical Skills
3 2 (9.52%) Front Office
3 2 (9.52%) Organisational Skills
3 2 (9.52%) Social Skills
4 1 (4.76%) Investment Banking
4 1 (4.76%) Legal
Libraries, Frameworks & Software Standards
1 1 (4.76%) Boost C++ Libraries
1 1 (4.76%) COM
1 1 (4.76%) STL
1 1 (4.76%) XML
1 1 (4.76%) XSLT
Miscellaneous
1 6 (28.57%) Derivative
2 3 (14.29%) Foreign Exchange (FX)
2 3 (14.29%) Greenfield Project
3 2 (9.52%) Algorithms
3 2 (9.52%) Client/Server
3 2 (9.52%) Fixed Income
3 2 (9.52%) Hedge funds
3 2 (9.52%) Reinsurance
4 1 (4.76%) Credit Derivative
4 1 (4.76%) Credit Risk
4 1 (4.76%) Self-Motivation
Processes & Methodologies
1 13 (61.90%) Mathematics
2 12 (57.14%) Statistics
3 11 (52.38%) Statistical Modelling
4 10 (47.62%) Physics
5 9 (42.86%) Computer Science
5 9 (42.86%) Data Science
5 9 (42.86%) Kalman Filter
6 4 (19.05%) Analytics
6 4 (19.05%) OO
6 4 (19.05%) OOP
7 3 (14.29%) Investment Management
7 3 (14.29%) Monte Carlo Method
7 3 (14.29%) Quantitative Analysis
7 3 (14.29%) Requirements Gathering
8 2 (9.52%) Data Architecture
8 2 (9.52%) Low Latency
8 2 (9.52%) Risk Management
9 1 (4.76%) Agile
9 1 (4.76%) Stochastic Calculus
9 1 (4.76%) Validation
Programming Languages
1 21 (100.00%) Python
2 15 (71.43%) C++
3 12 (57.14%) C#
4 7 (33.33%) MATLAB
5 6 (28.57%) R
6 5 (23.81%) SQL
7 4 (19.05%) Java
8 3 (14.29%) VBA
9 1 (4.76%) C
9 1 (4.76%) JavaScript
9 1 (4.76%) VC++
Qualifications
1 13 (61.90%) Degree
2 11 (52.38%) Master's Degree
2 11 (52.38%) PhD
3 2 (9.52%) CFA
Quality Assurance & Compliance
1 1 (4.76%) Accessibility
Vendors
1 1 (4.76%) Microsoft
1 1 (4.76%) Oracle