Quantitative Analyst Contracts in England

Quant Analyst
UK > England

The median Quant Analyst daily rate in England is £900 according to job vacancies posted during the 6 months to 1 June 2024.

The first table below provides contractor rate benchmarking and summary statistics including a comparison to same period in the previous 2 years.

6 months to
1 Jun 2024
Same period 2023 Same period 2022
Rank 520 551 730
Rank change year-on-year +31 +179 -123
Contract jobs requiring a Quantitative Analyst 31 86 47
As % of all contract jobs advertised in England 0.084% 0.18% 0.067%
As % of the Job Titles category 0.091% 0.19% 0.070%
Number of daily rates quoted 24 50 25
10th Percentile £577 £692 £590
25th Percentile £824 £765 £775
Median daily rate (50th Percentile) £900 £850 £850
Median % change year-on-year +5.88% - +21.43%
75th Percentile £950 £1,031 £950
90th Percentile £1,028 £1,188 £1,068
UK median daily rate £900 £850 £850
% change year-on-year +5.88% - +21.43%

All Contract IT Job Vacancies
England

The following table is for comparison with the above and includes summary statistics for all contract IT job vacancies advertised in England. 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 England with a recognized job title 34,226 44,888 67,264
% of contract IT jobs with a recognized job title 92.76% 94.56% 95.40%
Number of daily rates quoted 22,546 31,942 48,134
10th Percentile £285 £313 £313
25th Percentile £413 £425 £425
Median daily rate (50th Percentile) £525 £550 £530
Median % change year-on-year -4.55% +3.77% +6.00%
75th Percentile £638 £663 £650
90th Percentile £750 £763 £750
UK median daily rate £525 £540 £525
% change year-on-year -2.78% +2.86% +7.69%
Number of hourly rates quoted 2,576 1,314 1,782
10th Percentile £12.86 £14.28 £12.51
25th Percentile £16.30 £20.00 £15.75
Median hourly rate £37.75 £45.00 £23.91
Median % change year-on-year -16.11% +88.21% +11.21%
75th Percentile £62.00 £65.57 £49.25
90th Percentile £74.00 £77.50 £65.00
UK median hourly rate £37.50 £45.00 £24.50
% change year-on-year -16.67% +83.67% +12.28%

Quantitative Analyst
Job Vacancy Trend in England

Job postings that featured Quantitative Analyst in the job title as a proportion of all IT jobs advertised in England.

Job vacancy trend for Quantitative Analyst in England

Quantitative Analyst
Contractor Daily Rate Trend in England

3-month moving average daily rate quoted in jobs citing Quantitative Analyst in England.

Daily rate trend for Quantitative Analyst in England

Quantitative Analyst
Daily Rate Histogram in England

Daily rate distribution for jobs citing Quantitative Analyst in England over the 6 months to 1 June 2024.

Daily rate histogram for Quantitative Analyst in England

Quantitative Analyst
Contractor Hourly Rate Trend in England

3-month moving average hourly rates quoted in jobs citing Quantitative Analyst in England.

Hourly rate trend for Quantitative Analyst in England

Quantitative Analyst
Contract Job Locations in England

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Quantitative Analyst within the England region over the 6 months to 1 June 2024. The 'Rank Change' column provides an indication of the change in demand within each location based on the same 6 month period last year.

Location Rank Change
on Same Period
Last Year
Matching
Contract
IT Job Ads
Median
Daily Rate
Past 6 Months
Median Daily Rate
% Change
on Same Period
Last Year
Live
Jobs
London +38 30 £900 +5.88% 18
Quantitative Analyst
UK

Quantitative Analyst Skill Set
Top 30 Co-occurring Skills and Capabilities in England

For the 6 months to 1 June 2024, Quantitative Analyst 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 England region featuring Quantitative Analyst in the job title.

1 23 (74.19%) Finance
2 16 (51.61%) Python
2 16 (51.61%) Banking
3 15 (48.39%) C++
4 14 (45.16%) Front Office
4 14 (45.16%) Investment Banking
4 14 (45.16%) Degree
4 14 (45.16%) Quantitative Finance
5 12 (38.71%) Analytical Skills
5 12 (38.71%) Mathematics
6 11 (35.48%) Physics
7 10 (32.26%) C#
7 10 (32.26%) Numerate Degree
8 9 (29.03%) Derivative
9 8 (25.81%) Analytics
9 8 (25.81%) Distributed Computing
10 7 (22.58%) Credit Risk
10 7 (22.58%) Stress Testing
10 7 (22.58%) Equities
11 6 (19.35%) Wealth Management
11 6 (19.35%) Statistics
11 6 (19.35%) Retail Banking
11 6 (19.35%) Corporate Banking
11 6 (19.35%) Retail
11 6 (19.35%) R
11 6 (19.35%) Model Validation
12 5 (16.13%) Credit Risk Analysis
12 5 (16.13%) Algorithms
12 5 (16.13%) Strategic Planning
12 5 (16.13%) Wholesale Banking

Quantitative Analyst Skill Set
Co-occurring Skills and Capabilities in England 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 4 (12.90%) Microsoft Excel
Development Applications
1 5 (16.13%) Visual Studio
2 4 (12.90%) Git
General
1 23 (74.19%) Finance
2 16 (51.61%) Banking
3 14 (45.16%) Front Office
3 14 (45.16%) Investment Banking
4 12 (38.71%) Analytical Skills
5 6 (19.35%) Corporate Banking
5 6 (19.35%) Retail
5 6 (19.35%) Retail Banking
6 5 (16.13%) Wholesale Banking
7 3 (9.68%) Social Skills
8 1 (3.23%) Back Office
8 1 (3.23%) International Banking
Libraries, Frameworks & Software Standards
1 1 (3.23%) XML
1 1 (3.23%) XSLT
Miscellaneous
1 9 (29.03%) Derivative
2 8 (25.81%) Distributed Computing
3 7 (22.58%) Credit Risk
3 7 (22.58%) Equities
4 5 (16.13%) Algorithms
5 4 (12.90%) Credit Derivative
5 4 (12.90%) Fixed Income
5 4 (12.90%) Foreign Exchange (FX)
5 4 (12.90%) Hedge funds
6 3 (9.68%) Equity Derivative
7 2 (6.45%) Market Risk
8 1 (3.23%) Interest Rate Derivative
8 1 (3.23%) Self-Motivation
Operating Systems
1 5 (16.13%) Linux
2 4 (12.90%) Unix
2 4 (12.90%) Windows
Processes & Methodologies
1 14 (45.16%) Quantitative Finance
2 12 (38.71%) Mathematics
3 11 (35.48%) Physics
4 8 (25.81%) Analytics
5 7 (22.58%) Stress Testing
6 6 (19.35%) Model Validation
6 6 (19.35%) Statistics
6 6 (19.35%) Wealth Management
7 5 (16.13%) Credit Risk Analysis
7 5 (16.13%) Financial Modelling
7 5 (16.13%) Numerical Analysis
7 5 (16.13%) Risk Analysis
7 5 (16.13%) Strategic Planning
8 4 (12.90%) Analytical Modelling
8 4 (12.90%) Data Analytics
8 4 (12.90%) Mathematical Modelling
8 4 (12.90%) Problem-Solving
8 4 (12.90%) Time Series Analysis
9 3 (9.68%) Monte Carlo Method
9 3 (9.68%) Software Architecture
Programming Languages
1 16 (51.61%) Python
2 15 (48.39%) C++
3 10 (32.26%) C#
4 6 (19.35%) R
5 5 (16.13%) VBA
6 4 (12.90%) Java
6 4 (12.90%) Perl
6 4 (12.90%) Shell Script
7 3 (9.68%) SQL
8 2 (6.45%) PHP
9 1 (3.23%) VC++
Qualifications
1 14 (45.16%) Degree
2 10 (32.26%) Numerate Degree
3 3 (9.68%) Master's Degree
4 2 (6.45%) PhD
5 1 (3.23%) Computer Science Degree
Quality Assurance & Compliance
1 1 (3.23%) QA
Vendors
1 1 (3.23%) Microsoft
1 1 (3.23%) Oracle