Quantitative Developer Contracts in the City of London

Quant Developer
Central London > City of London

The median Quant Developer daily rate in the City of London is £725, according to job vacancies posted in the 6 months leading up to 1 May 2025.

The table below provides contractor rate benchmarking and summary statistics, comparing them to the same period in the previous two years.

6 months to
1 May 2025
Same period 2024 Same period 2023
Rank 111 108 154
Rank change year-on-year -3 +46 +25
Contract jobs requiring a Quantitative Developer 8 19 24
As % of all contract jobs advertised in the City of London 0.46% 0.86% 0.66%
As % of the Job Titles category 0.49% 0.91% 0.69%
Number of daily rates quoted 6 13 9
10th Percentile £650 £530 £660
25th Percentile £663 £813 £725
Median daily rate (50th Percentile) £725 £850 £825
Median % change year-on-year -14.71% +3.03% +1.54%
75th Percentile £897 £950 £875
90th Percentile £944 £1,033 £1,000
Central London median daily rate £813 £900 £825
% change year-on-year -9.72% +9.09% +1.54%

All Contract IT Job Vacancies
City of London

For comparison with the information above, the following table provides summary statistics for all contract IT job vacancies 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.

Contract vacancies in the City of London with a recognized job title 1,632 2,086 3,469
% of contract IT jobs with a recognized job title 92.94% 94.95% 95.22%
Number of daily rates quoted 1,021 1,483 2,364
10th Percentile £350 £350 £350
25th Percentile £463 £450 £475
Median daily rate (50th Percentile) £575 £563 £600
Median % change year-on-year +2.22% -6.25% +6.19%
75th Percentile £681 £688 £725
90th Percentile £775 £798 £820
Central London median daily rate £575 £550 £585
% change year-on-year +4.55% -5.98% +4.46%
Number of hourly rates quoted 13 15 22
10th Percentile £22.00 £15.62 £15.50
25th Percentile £24.66 £20.22 £18.50
Median hourly rate £31.00 £23.00 £35.00
Median % change year-on-year +34.78% -34.29% -6.04%
75th Percentile £48.75 £27.25 £58.75
90th Percentile £92.75 £40.00 £87.97
Central London median hourly rate £29.07 £25.78 £35.00
% change year-on-year +12.76% -26.34% -6.04%

Quantitative Developer
Job Vacancy Trend in the City of London

Job postings that featured Quantitative Developer in the job title as a proportion 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

3-month moving average daily rate quoted in jobs citing Quantitative Developer in the City of London.

Daily rate trend for Quantitative Developer in the City of London

Quantitative Developer
Daily Rate Histogram in the City of London

Daily rate distribution for jobs citing Quantitative Developer in the City of London over the 6 months to 1 May 2025.

Daily rate histogram for Quantitative Developer in the City of London

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

For the 6 months to 1 May 2025, Quantitative Developer contract job roles required the following skills and capabilities in order of popularity. The figures indicate the absolute number co-occurrences and as a proportion of all contract job ads across the City of London region featuring Quantitative Developer in the job title.

1 6 (75.00%) Python
2 4 (50.00%) Front Office
3 3 (37.50%) C++
3 3 (37.50%) Banking
4 2 (25.00%) VBA
4 2 (25.00%) .NET
4 2 (25.00%) Microsoft Office
4 2 (25.00%) Microsoft Excel
4 2 (25.00%) Microsoft
4 2 (25.00%) Finance
4 2 (25.00%) Migration
4 2 (25.00%) Fixed Income
4 2 (25.00%) Big Data
4 2 (25.00%) Credit Risk
4 2 (25.00%) Risk Analysis
4 2 (25.00%) Market Risk
4 2 (25.00%) Financial Modelling
4 2 (25.00%) Spreadsheet
4 2 (25.00%) Performance Tuning
4 2 (25.00%) Analytical Skills
4 2 (25.00%) .NET Core
4 2 (25.00%) Problem-Solving
4 2 (25.00%) Requirements Gathering
4 2 (25.00%) SDLC
4 2 (25.00%) C#
5 1 (12.50%) Architectural Patterns
5 1 (12.50%) Quantitative Trading
5 1 (12.50%) FastAPI
5 1 (12.50%) CI/CD
5 1 (12.50%) scikit-learn

Quantitative Developer Skill Set
Co-occurring Skills and Capabilities in the City of London by Category

The follow tables expand on the table above by listing co-occurrences grouped by category. The same employment type, locality and period is covered with up to 20 co-occurrences shown in each of the following categories:

Applications
1 2 (25.00%) Microsoft Excel
1 2 (25.00%) Microsoft Office
1 2 (25.00%) Spreadsheet
Cloud Services
1 1 (12.50%) Azure
1 1 (12.50%) GitHub
Database & Business Intelligence
1 2 (25.00%) Big Data
Development Applications
1 1 (12.50%) Git
1 1 (12.50%) Jenkins
General
1 4 (50.00%) Front Office
2 3 (37.50%) Banking
3 2 (25.00%) Analytical Skills
3 2 (25.00%) Finance
4 1 (12.50%) Investment Banking
Libraries, Frameworks & Software Standards
1 2 (25.00%) .NET
1 2 (25.00%) .NET Core
2 1 (12.50%) ADO
2 1 (12.50%) FastAPI
2 1 (12.50%) NumPy
2 1 (12.50%) Pandas
2 1 (12.50%) scikit-learn
Miscellaneous
1 2 (25.00%) Credit Risk
1 2 (25.00%) Fixed Income
1 2 (25.00%) Market Risk
Processes & Methodologies
1 2 (25.00%) Financial Modelling
1 2 (25.00%) Migration
1 2 (25.00%) Performance Tuning
1 2 (25.00%) Problem-Solving
1 2 (25.00%) Requirements Gathering
1 2 (25.00%) Risk Analysis
1 2 (25.00%) SDLC
2 1 (12.50%) Agile
2 1 (12.50%) Analytics
2 1 (12.50%) Applied Mathematics
2 1 (12.50%) Architectural Patterns
2 1 (12.50%) CI/CD
2 1 (12.50%) Computer Science
2 1 (12.50%) Mathematics
2 1 (12.50%) Parallel Computing
2 1 (12.50%) Predictive Modelling
2 1 (12.50%) Quantitative Trading
2 1 (12.50%) Software Engineering
2 1 (12.50%) Test Automation
2 1 (12.50%) Web Development
Programming Languages
1 6 (75.00%) Python
2 3 (37.50%) C++
3 2 (25.00%) C#
3 2 (25.00%) VBA
Qualifications
1 1 (12.50%) Degree
Vendors
1 2 (25.00%) Microsoft