The median contractor rate for a Quantitative Analyst was £713 per day in advertised job vacancies in the City of London during the 3 months to 28 June 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
London / City of London
3 months to
28 Jun 2017
Same period 2016 Same period 2015
Rank 164 162 197
Rank change year-on-year -2 +35  
Contract jobs requiring a Quantitative Analyst 2 3 8
As % of all contract IT jobs advertised in the City of London 0.061% 0.089% 0.14%
As % of the Job Titles category 0.064% 0.093% 0.15%
Number of daily rates quoted 2 3 8
Median daily rate £713 £625 £563
Median daily rate % change year-on-year +14.00% +11.11%  
90% offered a daily rate of more than £676 £607 £418
10% offered a daily rate of more than £759 £688 £685
UK excluding London median daily rate - £465 -
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 3113 3230 5440
As % of all contract IT job vacancies advertised in the City of London 95.40% 95.93% 94.76%
Number of daily rates quoted 8563 9429 14836
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 £263
10% offered a daily rate of more than £675 £650 £638
UK excluding London median daily rate £400 £399 £365
% change year-on-year +0.25% +9.31%  
Number of hourly rates quoted 93 121 327
Median hourly rate £18.70 £19.00 £19.72
Median hourly rate % change year-on-year -1.57% -3.62%  
90% offered a hourly rate of more than £12.52 £14.70 £10.25
10% offered a hourly rate of more than £30.00 £32.25 £37.05
UK excluding London median hourly rate £17.50 £17.50 £16.00
% change year-on-year - +9.37%  

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

For the 6 months to 28 June 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 3 (100.00%) Front Office
2 2 (66.67%) R
2 2 (66.67%) Finance
3 1 (33.33%) Validation
3 1 (33.33%) Agile Software Development
3 1 (33.33%) Banking
3 1 (33.33%) Investment Banking
3 1 (33.33%) Mathematics
3 1 (33.33%) Market Risk
3 1 (33.33%) Stress Testing
3 1 (33.33%) KDB
3 1 (33.33%) Git (software)
3 1 (33.33%) Hadoop
3 1 (33.33%) Splunk
3 1 (33.33%) Big Data
3 1 (33.33%) Statistical Modelling
3 1 (33.33%) Data Analytics
3 1 (33.33%) AngularJS
3 1 (33.33%) Analytics
3 1 (33.33%) Financial Institution
3 1 (33.33%) C
3 1 (33.33%) C++
3 1 (33.33%) JavaScript
3 1 (33.33%) SQL
3 1 (33.33%) Linux
3 1 (33.33%) Python
3 1 (33.33%) PhD
3 1 (33.33%) Shell Script
3 1 (33.33%) MATLAB
3 1 (33.33%) Back Office

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 1 (33.33%) Big Data
1 1 (33.33%) Hadoop
1 1 (33.33%) KDB
Development Applications
1 1 (33.33%) Git (software)
General
1 3 (100.00%) Front Office
2 2 (66.67%) Finance
3 1 (33.33%) Back Office
3 1 (33.33%) Banking
3 1 (33.33%) Financial Institution
3 1 (33.33%) Investment Banking
Libraries, Frameworks & Software Standards
1 1 (33.33%) AngularJS
Miscellaneous
1 1 (33.33%) Market Risk
Operating Systems
1 1 (33.33%) Linux
Processes & Methodologies
1 1 (33.33%) Agile Software Development
1 1 (33.33%) Analytics
1 1 (33.33%) Data Analytics
1 1 (33.33%) Mathematics
1 1 (33.33%) Risk Management
1 1 (33.33%) Scenario Testing
1 1 (33.33%) Statistical Modelling
1 1 (33.33%) Stress Testing
1 1 (33.33%) Validation
Programming Languages
1 2 (66.67%) R
2 1 (33.33%) C
2 1 (33.33%) C++
2 1 (33.33%) JavaScript
2 1 (33.33%) MATLAB
2 1 (33.33%) Python
2 1 (33.33%) Shell Script
2 1 (33.33%) SQL
Qualifications
1 1 (33.33%) PhD
Vendors
1 1 (33.33%) Splunk