Period
to 18 November 2017

The median contractor rate for a Quantitative Developer was £750 per day in advertised job vacancies in the City of London during the 6 months to 18 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 Developer
Central London > City of London
6 months to
18 Nov 2017
Same period 2016 Same period 2015
Rank 214 228 230
Rank change year-on-year +14 +2 +40
Contract jobs requiring a Quantitative Developer 35 19 43
As % of all contract IT jobs advertised in the City of London 0.49% 0.28% 0.47%
As % of the Job Titles category 0.52% 0.30% 0.49%
Number of daily rates quoted 26 15 41
City of London median daily rate £750 £650 £650
Median daily rate % change year-on-year +15.38% - -
10th Percentile £450 £552 £475
90th Percentile £869 £975 £725
Central London median daily rate £743 £650 £650
% change year-on-year +14.23% - -
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 6694 6411 8806
% of contract IT jobs with a recognized job title 94.55% 95.54% 95.24%
Number of daily rates quoted 5291 5101 6921
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 £273
90th Percentile £675 £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 79 126
City of London median hourly rate £17.00 £17.25 £18.00
Median hourly rate % change year-on-year -1.45% -4.17% +5.88%
10th Percentile £11.25 £11.45 £10.25
90th Percentile £29.29 £47.83 £37.88
Central London median hourly rate £18.05 £17.08 £18.00
% change year-on-year +5.66% -5.10% +10.23%

Quantitative Developer
Job Vacancy Trend in the City of London

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

Job vacancy trend for Quantitative Developer in the City of London

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 Quantitative Developer in the City of London.

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

Quantitative Developer
Contractor Daily Rate Histogram in the City of London

The daily rate distribution of IT jobs citing Quantitative Developer in the City of London over the 6 months to 18 November 2017.

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

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

For the 6 months to 18 November 2017, 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 Quantitative Developer in the job title.

1 29 (82.86%) Finance
2 22 (62.86%) C++
3 17 (48.57%) Mathematics
4 15 (42.86%) Banking
4 15 (42.86%) Analytics
5 14 (40.00%) Quantitative Research
6 12 (34.29%) Java
6 12 (34.29%) OO
7 11 (31.43%) Front Office
7 11 (31.43%) Fixed Income
8 10 (28.57%) Derivative
9 9 (25.71%) Asset Management
9 9 (25.71%) Foreign Exchange (FX)
9 9 (25.71%) C#
9 9 (25.71%) Quantitative Finance
10 6 (17.14%) Analytical Skills
10 6 (17.14%) Front End Development
10 6 (17.14%) AngularJS
10 6 (17.14%) JavaScript
10 6 (17.14%) VBA
10 6 (17.14%) Market Risk
10 6 (17.14%) Node.js
11 5 (14.29%) Python
12 4 (11.43%) Microsoft Excel
12 4 (11.43%) PhD
12 4 (11.43%) OOP
12 4 (11.43%) Project Management
12 4 (11.43%) CUDA
12 4 (11.43%) Electronic Trading
12 4 (11.43%) Agile Software Development

Quantitative Developer 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:

Application Platforms
1 1 (2.86%) Apache Spark
Applications
1 4 (11.43%) Microsoft Excel
2 2 (5.71%) Spreadsheet
Database & Business Intelligence
1 3 (8.57%) SQL Server
2 2 (5.71%) Hadoop
3 1 (2.86%) Big Data
3 1 (2.86%) HBase
General
1 29 (82.86%) Finance
2 15 (42.86%) Banking
3 11 (31.43%) Front Office
4 2 (5.71%) Financial Institution
4 2 (5.71%) International Banking
4 2 (5.71%) Investment Banking
Libraries, Frameworks & Software Standards
1 6 (17.14%) AngularJS
1 6 (17.14%) Node.js
2 3 (8.57%) .NET
2 3 (8.57%) HTML
3 2 (5.71%) .NET Framework
3 2 (5.71%) ASP.NET
3 2 (5.71%) CSS
3 2 (5.71%) Entity Framework
3 2 (5.71%) Middleware
4 1 (2.86%) HTML5
Miscellaneous
1 11 (31.43%) Fixed Income
2 10 (28.57%) Derivative
3 9 (25.71%) Foreign Exchange (FX)
4 6 (17.14%) Analytical Skills
4 6 (17.14%) Market Risk
5 4 (11.43%) CUDA
6 1 (2.86%) Clustering
6 1 (2.86%) Credit Derivative
Processes & Methodologies
1 17 (48.57%) Mathematics
2 15 (42.86%) Analytics
3 14 (40.00%) Quantitative Research
4 12 (34.29%) OO
5 9 (25.71%) Asset Management
5 9 (25.71%) Quantitative Finance
6 6 (17.14%) Front End Development
7 4 (11.43%) Agile Software Development
7 4 (11.43%) Electronic Trading
7 4 (11.43%) Low Latency
7 4 (11.43%) OOP
7 4 (11.43%) Project Management
8 3 (8.57%) Machine Learning
8 3 (8.57%) Risk Analytics
9 2 (5.71%) Data Analytics
9 2 (5.71%) Mathematical Modelling
9 2 (5.71%) MVC
9 2 (5.71%) PnL Attribution
9 2 (5.71%) Stochastic Calculus
9 2 (5.71%) TDD
Programming Languages
1 22 (62.86%) C++
2 12 (34.29%) Java
3 9 (25.71%) C#
4 6 (17.14%) JavaScript
4 6 (17.14%) VBA
5 5 (14.29%) Python
6 3 (8.57%) Ada
6 3 (8.57%) R
7 1 (2.86%) C++/CLI
7 1 (2.86%) SQL
7 1 (2.86%) VB
Qualifications
1 4 (11.43%) PhD
2 3 (8.57%) Degree
3 2 (5.71%) Postgraduate
Quality Assurance & Compliance
1 2 (5.71%) EMIR
System Software
1 1 (2.86%) Apache ZooKeeper