The median contractor rate for a C++ Quantitative Developer was £700 per day in advertised job vacancies in the City of London during the 3 months to 25 March 2017.

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

Note that daily and hourly rates are treated separately in these statistics. When calculating contractor rate percentiles, daily rates are never derived from quoted hourly rates or vice versa.

3 months to
25 Mar 2017
Same period 2016 Same period 2015
C++ Quant Developer
London / City of London
Rank 150 151 192
Rank change year-on-year +1 +41  
Contract jobs requiring a C++ Quantitative Developer 5 8 3
As % of all contract IT jobs advertised in the City of London 0.17% 0.24% 0.059%
As % of the Job Titles category 0.17% 0.25% 0.062%
Number of daily rates quoted 5 8 2
Median daily rate £700 £750 £663
Median daily rate % change year-on-year -6.66% +13.20%  
90% offered a daily rate of more than £483 £525 £633
10% offered a daily rate of more than £745 £900 £693
UK excluding London median daily rate - - -
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median hourly rate - - -

The next table is for comparison with the above and includes summary statistics for all job roles in contract job vacancies advertised in the City of London. Most job vacancies include a discernible job title. As such, the figures in the first row provide an indication of the number of contract jobs in our overall sample.

Contract IT Job Roles
City of London
Contract job vacancies with a job title containing a recognized job role 2886 3173 4864
As % of all contract IT job vacancies advertised in the City of London 95.25% 95.40% 96.03%
Number of daily rates quoted 2244 2526 3664
Median daily rate £500 £475 £450
Median daily rate % change year-on-year +5.26% +5.55%  
90% offered a daily rate of more than £313 £300 £276
10% offered a daily rate of more than £650 £625 £613
UK excluding London median daily rate £400 £388 £375
% change year-on-year +3.22% +3.33%  
Number of hourly rates quoted 32 47 75
Median hourly rate £19.00 £20.00 £18.60
Median hourly rate % change year-on-year -4.97% +7.50%  
90% offered a hourly rate of more than £13.50 £12.00 £12.50
10% offered a hourly rate of more than £29.38 £45.40 £27.37
UK excluding London median hourly rate £17.50 £20.00 £17.22
% change year-on-year -12.50% +16.14%  

C++ Quantitative Developer
Job Vacancy Trend in the City of London

The job posting trend of jobs advertised in the City of London that featured C++ Quantitative Developer in the job title.

Job vacancy trend for C++ Quantitative Developer in the City of London

C++ Quantitative Developer
Contractor Daily Rate Trend in the City of London

This chart provides the 3-month moving average for daily rates quoted in contract jobs citing C++ Quantitative Developer in the City of London.

Contractor daily rate trend for C++ Quantitative Developer in the City of London

C++ Quantitative Developer
Contractor Daily Rate Histogram in the City of London

The daily rate distribution of IT jobs citing C++ Quantitative Developer in the City of London over the 3 months to 25 March 2017.

Contractor daily rate histogram for C++ Quantitative Developer in the City of London

C++ Quantitative Developer Skill Set
Top 30 Related IT Skills in the City of London

For the 6 months to 25 March 2017, C++ Quantitative Developer 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 across the City of London region featuring C++ Quantitative Developer in the job title.

1 8 (100.00%) C++
2 6 (75.00%) Mathematics
3 4 (50.00%) Physics
3 4 (50.00%) Front Office
3 4 (50.00%) Finance
3 4 (50.00%) Market Risk
4 3 (37.50%) Analytical Skills
4 3 (37.50%) Analytics
4 3 (37.50%) Foreign Exchange (FX)
4 3 (37.50%) C#
4 3 (37.50%) Derivative
4 3 (37.50%) Degree
5 2 (25.00%) Statistics
5 2 (25.00%) Banking
5 2 (25.00%) Subversion
5 2 (25.00%) PhD
5 2 (25.00%) Java
5 2 (25.00%) Financial Institution
5 2 (25.00%) Risk Management
5 2 (25.00%) Quantitative Finance
6 1 (12.50%) OTC Derivatives
6 1 (12.50%) Low Latency
6 1 (12.50%) Solace
6 1 (12.50%) Multithreading
6 1 (12.50%) Monte Carlo Method
6 1 (12.50%) CUDA
6 1 (12.50%) Stochastic Modelling
6 1 (12.50%) Risk Analytics
6 1 (12.50%) Fixed Income
6 1 (12.50%) Grid Computing

C++ Quantitative Developer Skill Set
Top Related IT Skills in the City of London 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:

Development Applications
1 2 (25.00%) Subversion
2 1 (12.50%) JIRA
General
1 4 (50.00%) Finance
1 4 (50.00%) Front Office
2 2 (25.00%) Banking
2 2 (25.00%) Financial Institution
3 1 (12.50%) Investment Banking
Libraries, Frameworks & Software Standards
1 1 (12.50%) XML
1 1 (12.50%) XSD
Miscellaneous
1 4 (50.00%) Market Risk
2 3 (37.50%) Analytical Skills
2 3 (37.50%) Derivative
2 3 (37.50%) Foreign Exchange (FX)
3 1 (12.50%) Computer Science
3 1 (12.50%) CUDA
3 1 (12.50%) Equities
3 1 (12.50%) Fixed Income
3 1 (12.50%) Grid Computing
3 1 (12.50%) OTC Derivatives
Processes & Methodologies
1 6 (75.00%) Mathematics
2 4 (50.00%) Physics
3 3 (37.50%) Analytics
4 2 (25.00%) Quantitative Finance
4 2 (25.00%) Risk Management
4 2 (25.00%) Statistics
5 1 (12.50%) Low Latency
5 1 (12.50%) Monte Carlo Method
5 1 (12.50%) Multithreading
5 1 (12.50%) OO
5 1 (12.50%) OOP
5 1 (12.50%) Risk Analytics
5 1 (12.50%) Software Engineering
5 1 (12.50%) Stochastic Modelling
5 1 (12.50%) TDD
Programming Languages
1 8 (100.00%) C++
2 3 (37.50%) C#
3 2 (25.00%) Java
Qualifications
1 3 (37.50%) Degree
2 2 (25.00%) PhD
Vendors
1 1 (12.50%) Solace