Period
to 21 November 2017

The median contractor rate for a Quantitative Analyst was £700 per day in advertised job vacancies in the City of London during the 6 months to 21 November 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.

Quant Analyst
Central London > City of London
6 months to
21 Nov 2017
Same period 2016 Same period 2015
Rank 239 246 251
Rank change year-on-year +7 +5 +37
Contract jobs requiring a Quantitative Analyst 13 3 12
As % of all contract IT jobs advertised in the City of London 0.18% 0.045% 0.13%
As % of the Job Titles category 0.19% 0.047% 0.14%
Number of daily rates quoted 9 3 12
City of London median daily rate £700 £610 £575
Median daily rate % change year-on-year +14.75% +6.09% -25.81%
10th Percentile £565 £571 £369
90th Percentile £848 £633 £648
Central London median daily rate £700 £610 £575
% change year-on-year +14.75% +6.09% -25.81%
Number of hourly rates quoted 0 0 0
City of London median hourly rate - - -
Central London median hourly rate £35.50 - -

The following table is for comparison with the above and includes summary statistics for all contract IT job vacancies advertised in the City of London. 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 contract jobs in our overall sample.

All Contract IT Job Vacancies
City of London
Contract vacancies in the City of London with a recognized job title 6761 6355 8632
% of contract IT jobs with a recognized job title 94.55% 95.52% 95.27%
Number of daily rates quoted 5338 5046 6770
City of London median daily rate £500 £475 £450
Median daily rate % change year-on-year +5.26% +5.56% +2.86%
10th Percentile £313 £313 £275
90th Percentile £688 £663 £650
Central London median daily rate £500 £475 £450
% change year-on-year +5.26% +5.56% +5.88%
Number of hourly rates quoted 94 77 127
City of London median hourly rate £17.00 £17.50 £19.00
Median hourly rate % change year-on-year -2.86% -7.89% +8.57%
10th Percentile £11.25 £11.50 £10.30
90th Percentile £29.29 £48.40 £39.25
Central London median hourly rate £18.10 £17.21 £18.00
% change year-on-year +5.19% -4.40% +5.88%

Quantitative Analyst
Job Vacancy Trend in the City of London

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

Job vacancy trend for Quantitative Analyst in the City of London

Quantitative Analyst
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 Quantitative Analyst in the City of London.

Contractor daily rate trend for Quantitative Analyst in the City of London

Quantitative Analyst
Contractor Daily Rate Histogram in the City of London

The daily rate distribution of IT jobs citing Quantitative Analyst in the City of London over the 6 months to 21 November 2017.

Contractor daily rate histogram for Quantitative Analyst in the City of London

Quantitative Analyst Skill Set
Top 30 Co-occurring IT Skills in the City of London

For the 6 months to 21 November 2017, Quantitative 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 across the City of London region featuring Quantitative Analyst in the job title.

1 11 (84.62%) Front Office
2 10 (76.92%) Finance
3 7 (53.85%) C++
3 7 (53.85%) Mathematics
4 4 (30.77%) Physics
4 4 (30.77%) Quantitative Finance
4 4 (30.77%) Foreign Exchange (FX)
4 4 (30.77%) Derivative
4 4 (30.77%) Risk Management
5 3 (23.08%) Banking
5 3 (23.08%) Investment Banking
5 3 (23.08%) Validation
5 3 (23.08%) C#
5 3 (23.08%) PhD
5 3 (23.08%) Analytical Skills
5 3 (23.08%) Market Risk
5 3 (23.08%) Monte Carlo Method
5 3 (23.08%) R
5 3 (23.08%) Analytics
6 2 (15.38%) Big Data
6 2 (15.38%) Continuous Improvement
6 2 (15.38%) Hadoop
6 2 (15.38%) CUDA
6 2 (15.38%) Stress Testing
6 2 (15.38%) Algorithms
6 2 (15.38%) Line Management
6 2 (15.38%) Coaching
6 2 (15.38%) Scenario Testing
6 2 (15.38%) Back Office
6 2 (15.38%) Financial Institution

Quantitative Analyst Skill Set
Co-occurring 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:

Database & Business Intelligence
1 2 (15.38%) Big Data
1 2 (15.38%) Hadoop
Development Applications
1 2 (15.38%) JIRA
1 2 (15.38%) Subversion
2 1 (7.69%) RStudio
General
1 11 (84.62%) Front Office
2 10 (76.92%) Finance
3 3 (23.08%) Banking
3 3 (23.08%) Investment Banking
4 2 (15.38%) Back Office
4 2 (15.38%) Financial Institution
Miscellaneous
1 4 (30.77%) Derivative
1 4 (30.77%) Foreign Exchange (FX)
2 3 (23.08%) Analytical Skills
2 3 (23.08%) Market Risk
3 2 (15.38%) Algorithms
3 2 (15.38%) CUDA
4 1 (7.69%) Credit Risk
4 1 (7.69%) EFT
4 1 (7.69%) Equity Derivative
4 1 (7.69%) Fixed Income
Processes & Methodologies
1 7 (53.85%) Mathematics
2 4 (30.77%) Physics
2 4 (30.77%) Quantitative Finance
2 4 (30.77%) Risk Management
3 3 (23.08%) Analytics
3 3 (23.08%) Monte Carlo Method
3 3 (23.08%) Validation
4 2 (15.38%) Agile Software Development
4 2 (15.38%) Coaching
4 2 (15.38%) Continuous Improvement
4 2 (15.38%) Line Management
4 2 (15.38%) Scenario Testing
4 2 (15.38%) Stress Testing
4 2 (15.38%) TDD
5 1 (7.69%) Data Analysis
5 1 (7.69%) Econometrics
5 1 (7.69%) OO
5 1 (7.69%) Project Management
5 1 (7.69%) Stakeholder Management
5 1 (7.69%) Statistics
Programming Languages
1 7 (53.85%) C++
2 3 (23.08%) C#
2 3 (23.08%) R
3 2 (15.38%) Python
4 1 (7.69%) Java
4 1 (7.69%) SQL
Qualifications
1 3 (23.08%) PhD
Quality Assurance & Compliance
1 1 (7.69%) EMIR
1 1 (7.69%) QA