The median contractor rate for a Quantitative Developer was £750 per day in advertised job vacancies in the City of London during the 3 months to 27 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 Developer
London / City of London
3 months to
27 Jun 2017
Same period 2016 Same period 2015
Rank 157 156 195
Rank change year-on-year -1 +39  
Contract jobs requiring a Quantitative Developer 7 7 6
As % of all contract IT jobs advertised in the City of London 0.21% 0.21% 0.10%
As % of the Job Titles category 0.22% 0.22% 0.11%
Number of daily rates quoted 7 5 6
Median daily rate £750 £650 £650
Median daily rate % change year-on-year +15.38% -  
UK excluding London median daily rate £675 - £613
Number of hourly rates quoted 0 1 0
Median hourly rate - £80.00 -
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 3152 3242 5437
As % of all contract IT job vacancies advertised in the City of London 95.40% 95.72% 94.75%
Number of daily rates quoted 2407 2629 4189
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 £325 £313 £275
10% offered a daily rate of more than £650 £625 £625
UK excluding London median daily rate £400 £400 £370
% change year-on-year - +8.10%  
Number of hourly rates quoted 39 38 96
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 £12.93 £12.50 £10.50
10% offered a hourly rate of more than £30.00 £31.50 £37.05
UK excluding London median hourly rate £17.50 £17.50 £16.14
% change year-on-year - +8.42%  

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

For the 6 months to 27 June 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 (82.61%) C++
2 12 (52.17%) Finance
3 11 (47.83%) Fixed Income
4 10 (43.48%) Front Office
5 9 (39.13%) Banking
5 9 (39.13%) C#
5 9 (39.13%) Mathematics
6 7 (30.43%) Derivative
7 6 (26.09%) Quantitative Finance
8 5 (21.74%) Java
9 4 (17.39%) XML
9 4 (17.39%) XSD
9 4 (17.39%) Windows
9 4 (17.39%) Risk Management
9 4 (17.39%) Multithreading
9 4 (17.39%) Monte Carlo Method
9 4 (17.39%) CUDA
10 3 (13.04%) Market Risk
10 3 (13.04%) Degree
10 3 (13.04%) Analytical Skills
10 3 (13.04%) Algorithms
10 3 (13.04%) Tick Data
10 3 (13.04%) Linux
10 3 (13.04%) C
10 3 (13.04%) .NET
10 3 (13.04%) SQL Server
10 3 (13.04%) Foreign Exchange (FX)
10 3 (13.04%) Quantitative Research
11 2 (8.70%) SQL
11 2 (8.70%) Python

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 (13.04%) SQL Server
1 3 (13.04%) Tick Data
2 1 (4.35%) Data Lake
2 1 (4.35%) Hadoop
2 1 (4.35%) KDB
Development Applications
1 2 (8.70%) JIRA
1 2 (8.70%) Subversion
General
1 12 (52.17%) Finance
2 10 (43.48%) Front Office
3 9 (39.13%) Banking
4 1 (4.35%) Financial Institution
4 1 (4.35%) Investment Banking
Libraries, Frameworks & Software Standards
1 4 (17.39%) XML
1 4 (17.39%) XSD
2 3 (13.04%) .NET
3 1 (4.35%) FpML
Miscellaneous
1 11 (47.83%) Fixed Income
2 7 (30.43%) Derivative
3 4 (17.39%) CUDA
4 3 (13.04%) Algorithms
4 3 (13.04%) Analytical Skills
4 3 (13.04%) Foreign Exchange (FX)
4 3 (13.04%) Market Risk
5 2 (8.70%) Grid Computing
6 1 (4.35%) Computer Science
6 1 (4.35%) Equities
6 1 (4.35%) OTC Derivatives
6 1 (4.35%) Reference Data
Operating Systems
1 4 (17.39%) Windows
2 3 (13.04%) Linux
Processes & Methodologies
1 9 (39.13%) Mathematics
2 6 (26.09%) Quantitative Finance
3 4 (17.39%) Monte Carlo Method
3 4 (17.39%) Multithreading
3 4 (17.39%) Risk Management
4 3 (13.04%) Quantitative Research
5 2 (8.70%) Physics
5 2 (8.70%) TDD
6 1 (4.35%) Analytics
6 1 (4.35%) Low Latency
6 1 (4.35%) Quantitative Trading
6 1 (4.35%) SOA
6 1 (4.35%) Stakeholder Management
6 1 (4.35%) Statistics
Programming Languages
1 19 (82.61%) C++
2 9 (39.13%) C#
3 5 (21.74%) Java
4 3 (13.04%) C
5 2 (8.70%) Python
5 2 (8.70%) SQL
Qualifications
1 3 (13.04%) Degree
2 2 (8.70%) PhD
3 1 (4.35%) Numerate Degree
Vendors
1 2 (8.70%) Microsoft
2 1 (4.35%) Solace