The median contractor rate for a Quantitative Developer was £706 per day in advertised job vacancies in the City of London during the 3 months to 29 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.

Quant Developer
London / City of London
3 months to
29 Mar 2017
Same period 2016 Same period 2015
Rank 147 148 182
Rank change year-on-year +1 +34  
Contract jobs requiring a Quantitative Developer 15 11 9
As % of all contract IT jobs advertised in the City of London 0.49% 0.32% 0.18%
As % of the Job Titles category 0.51% 0.34% 0.18%
Number of daily rates quoted 14 11 7
Median daily rate £706 £675 £685
Median daily rate % change year-on-year +4.62% -1.45%  
90% offered a daily rate of more than £573 £525 £590
10% offered a daily rate of more than £780 £900 £728
UK excluding London median daily rate £650 £700 -
% change year-on-year -7.14% -  
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 2926 3222 4914
As % of all contract IT job vacancies advertised in the City of London 95.25% 95.18% 96.09%
Number of daily rates quoted 2273 2570 3709
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 £600
UK excluding London median daily rate £400 £388 £375
% change year-on-year +3.22% +3.33%  
Number of hourly rates quoted 33 46 72
Median hourly rate £19.00 £19.99 £17.98
Median hourly rate % change year-on-year -4.96% +11.19%  
90% offered a hourly rate of more than £13.50 £12.00 £12.50
10% offered a hourly rate of more than £29.38 £45.75 £27.37
UK excluding London median hourly rate £17.50 £19.50 £17.00
% change year-on-year -10.25% +14.70%  

Quantitative Developer
Job Vacancy Trend in the City of London

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

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 3 months to 29 March 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 29 March 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 19 (79.17%) C++
2 11 (45.83%) Finance
3 10 (41.67%) Front Office
3 10 (41.67%) C#
3 10 (41.67%) Mathematics
4 9 (37.50%) Banking
5 8 (33.33%) Fixed Income
6 6 (25.00%) Java
7 5 (20.83%) Windows
7 5 (20.83%) Foreign Exchange (FX)
7 5 (20.83%) Risk Management
7 5 (20.83%) Market Risk
7 5 (20.83%) Physics
8 4 (16.67%) Derivative
8 4 (16.67%) Degree
8 4 (16.67%) Multithreading
8 4 (16.67%) Monte Carlo Method
8 4 (16.67%) Algorithms
8 4 (16.67%) Linux
8 4 (16.67%) XML
8 4 (16.67%) XSD
9 3 (12.50%) .NET
9 3 (12.50%) SQL Server
9 3 (12.50%) C
9 3 (12.50%) OO
9 3 (12.50%) PhD
9 3 (12.50%) Analytics
9 3 (12.50%) CUDA
9 3 (12.50%) Tick Data
9 3 (12.50%) Quantitative Finance

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:

Database & Business Intelligence
1 3 (12.50%) SQL Server
1 3 (12.50%) Tick Data
2 1 (4.17%) Data Lake
2 1 (4.17%) Hadoop
Development Applications
1 2 (8.33%) Subversion
2 1 (4.17%) JIRA
General
1 11 (45.83%) Finance
2 10 (41.67%) Front Office
3 9 (37.50%) Banking
4 2 (8.33%) Financial Institution
4 2 (8.33%) Investment Banking
Libraries, Frameworks & Software Standards
1 4 (16.67%) XML
1 4 (16.67%) XSD
2 3 (12.50%) .NET
3 1 (4.17%) FpML
Miscellaneous
1 8 (33.33%) Fixed Income
2 5 (20.83%) Foreign Exchange (FX)
2 5 (20.83%) Market Risk
3 4 (16.67%) Algorithms
3 4 (16.67%) Derivative
4 3 (12.50%) Analytical Skills
4 3 (12.50%) CUDA
5 2 (8.33%) Computer Science
5 2 (8.33%) Equities
5 2 (8.33%) OTC Derivatives
6 1 (4.17%) Grid Computing
6 1 (4.17%) Reference Data
Operating Systems
1 5 (20.83%) Windows
2 4 (16.67%) Linux
Processes & Methodologies
1 10 (41.67%) Mathematics
2 5 (20.83%) Physics
2 5 (20.83%) Risk Management
3 4 (16.67%) Monte Carlo Method
3 4 (16.67%) Multithreading
4 3 (12.50%) Analytics
4 3 (12.50%) OO
4 3 (12.50%) Quantitative Finance
5 2 (8.33%) Mathematical Modelling
5 2 (8.33%) Statistics
6 1 (4.17%) Code Optimisation
6 1 (4.17%) Low Latency
6 1 (4.17%) OOP
6 1 (4.17%) Risk Analytics
6 1 (4.17%) SOA
6 1 (4.17%) Software Engineering
6 1 (4.17%) Stakeholder Management
6 1 (4.17%) Stochastic Modelling
6 1 (4.17%) TDD
Programming Languages
1 19 (79.17%) C++
2 10 (41.67%) C#
3 6 (25.00%) Java
4 3 (12.50%) C
5 2 (8.33%) MATLAB
5 2 (8.33%) Python
5 2 (8.33%) SQL
Qualifications
1 4 (16.67%) Degree
2 3 (12.50%) PhD
Vendors
1 2 (8.33%) Microsoft
2 1 (4.17%) Solace