Period
to 17 January 2018

The median contractor rate for a Quantitative Developer was £650 per day in advertised job vacancies in England during the 6 months to 17 January 2018.

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
UK > England
6 months to
17 Jan 2018
Same period 2017 Same period 2016
Rank 644 699 704
Rank change year-on-year +55 +5 +3
Contract jobs requiring a Quantitative Developer 192 135 147
As % of all contract IT jobs advertised in England 0.21% 0.15% 0.15%
As % of the Job Titles category 0.22% 0.16% 0.16%
Number of daily rates quoted 167 113 135
England median daily rate £650 £725 £663
Median daily rate % change year-on-year -10.34% +9.43% +1.92%
10th Percentile £563 £513 £518
90th Percentile £775 £925 £812
UK median daily rate £650 £725 £669
% change year-on-year -10.34% +8.41% +2.88%
Number of hourly rates quoted 0 1 0
England median hourly rate - £56.00 -
UK median hourly rate - £56.00 -

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.

All Contract IT Job Vacancies
England
Contract vacancies in England with a recognized job title 87,524 85,696 92,649
% of contract IT jobs with a recognized job title 94.75% 94.76% 95.05%
Number of daily rates quoted 58,725 56,452 59,910
England median daily rate £450 £425 £416
Median daily rate % change year-on-year +5.88% +2.29% +3.88%
10th Percentile £263 £256 £250
90th Percentile £638 £609 £600
UK median daily rate £450 £425 £413
% change year-on-year +5.88% +3.03% +3.13%
Number of hourly rates quoted 2,539 2,913 3,545
England median hourly rate £18.50 £18.38 £18.25
Median hourly rate % change year-on-year +0.68% +0.68% +10.61%
10th Percentile £10.79 £10.50 £10.50
90th Percentile £47.83 £47.00 £46.25
UK median hourly rate £18.50 £18.00 £18.51
% change year-on-year +2.78% -2.76% +12.18%

Quantitative Developer
Job Vacancy Trend in England

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

Job vacancy trend for Quantitative Developer in England

Quantitative Developer
Contractor Daily Rate Trend in England

This chart provides the 3-month moving average for daily rates quoted in contract jobs citing Quantitative Developer in England.

Contractor daily rate trend for Quantitative Developer in England

Quantitative Developer
Contractor Daily Rate Histogram in England

The daily rate distribution of IT jobs citing Quantitative Developer in England over the 6 months to 17 January 2018.

Contractor daily rate histogram for Quantitative Developer in England

Quantitative Developer
Contractor Hourly Rate Trend in England

This chart provides the 3-month moving average for contractor hourly rates quoted in IT jobs citing Quantitative Developer in England.

Contractor hourly rate trend for Quantitative Developer in England

Quantitative Developer
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 Developer within the England region over the 6 months to 17 January 2018. 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
Job
Vacancies
London +36 192 £650 -10.34% 45
Quantitative Developer
UK

Quantitative Developer Skill Set
Top 30 Co-occurring IT Skills in England

For the 6 months to 17 January 2018, 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 England region featuring Quantitative Developer in the job title.

1 130 (67.71%) C++
2 118 (61.46%) Finance
3 103 (53.65%) Front Office
4 94 (48.96%) C#
5 93 (48.44%) Mathematics
6 89 (46.35%) Quantitative Research
7 76 (39.58%) Python
8 71 (36.98%) Analytics
9 63 (32.81%) OO
10 62 (32.29%) Java
11 59 (30.73%) Foreign Exchange (FX)
12 56 (29.17%) PhD
13 54 (28.13%) Physics
14 51 (26.56%) Derivative
15 48 (25.00%) OOP
16 37 (19.27%) Fixed Income
17 36 (18.75%) Market Risk
18 35 (18.23%) Computer Science
19 33 (17.19%) Banking
20 31 (16.15%) Electronic Trading
21 29 (15.10%) Analytical Skills
22 28 (14.58%) Test Strategy
23 25 (13.02%) Windows
24 24 (12.50%) .NET
24 24 (12.50%) Asset Management
24 24 (12.50%) TDD
25 23 (11.98%) Investment Banking
25 23 (11.98%) Microsoft Excel
25 23 (11.98%) Risk Management
26 22 (11.46%) Credit Risk

Quantitative Developer Skill Set
Co-occurring IT Skills in England 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 3 (1.56%) Apache Spark
Applications
1 23 (11.98%) Microsoft Excel
2 17 (8.85%) Spreadsheet
3 1 (0.52%) Doxygen
Business Applications
1 3 (1.56%) Sophis RISQUE
1 3 (1.56%) Summit
2 1 (0.52%) FINCAD Analytics
Cloud Services
1 1 (0.52%) Cloud Computing
Communications & Networking
1 1 (0.52%) HTTP
Database & Business Intelligence
1 6 (3.13%) SQL Server
2 4 (2.08%) Hadoop
2 4 (2.08%) KDB
3 3 (1.56%) Big Data
4 2 (1.04%) HBase
4 2 (1.04%) Tick Data
5 1 (0.52%) NoSQL
5 1 (0.52%) Relational Database
5 1 (0.52%) SQL Server 2012
Development Applications
1 4 (2.08%) Subversion
2 2 (1.04%) Gradle
2 2 (1.04%) Jenkins
2 2 (1.04%) JIRA
2 2 (1.04%) TeamCity
2 2 (1.04%) Visual Studio
3 1 (0.52%) GCC
3 1 (0.52%) GDB
General
1 118 (61.46%) Finance
2 103 (53.65%) Front Office
3 33 (17.19%) Banking
4 23 (11.98%) Investment Banking
5 19 (9.90%) Financial Institution
6 1 (0.52%) International Banking
6 1 (0.52%) Legal
6 1 (0.52%) Pharmaceutical
6 1 (0.52%) Retail
6 1 (0.52%) Retail Banking
Libraries, Frameworks & Software Standards
1 24 (12.50%) .NET
2 14 (7.29%) AngularJS
2 14 (7.29%) Node.js
3 11 (5.73%) WPF
4 6 (3.13%) FIX Protocol
5 4 (2.08%) Rendezvous
6 3 (1.56%) COM
6 3 (1.56%) HTML
6 3 (1.56%) Middleware
7 2 (1.04%) .NET Framework
7 2 (1.04%) ASP.NET
7 2 (1.04%) CSS
7 2 (1.04%) Entity Framework
7 2 (1.04%) Pandas
8 1 (0.52%) Boost C++ Libraries
8 1 (0.52%) HTML5
8 1 (0.52%) NumPy
8 1 (0.52%) TIBCO EMS
8 1 (0.52%) WCF
8 1 (0.52%) WinForms
Miscellaneous
1 59 (30.73%) Foreign Exchange (FX)
2 51 (26.56%) Derivative
3 37 (19.27%) Fixed Income
4 36 (18.75%) Market Risk
5 35 (18.23%) Computer Science
6 29 (15.10%) Analytical Skills
7 22 (11.46%) Credit Risk
8 16 (8.33%) Interest Rate Derivative
9 9 (4.69%) Fintech
10 8 (4.17%) CUDA
11 7 (3.65%) Equities
12 5 (2.60%) Algorithms
13 4 (2.08%) Hedge funds
14 3 (1.56%) Clustering
14 3 (1.56%) Credit Derivative
14 3 (1.56%) Equity Derivative
14 3 (1.56%) Management Information System
14 3 (1.56%) VWAP
15 2 (1.04%) Grid Computing
15 2 (1.04%) OTC Derivatives
Operating Systems
1 25 (13.02%) Windows
2 12 (6.25%) Linux
3 2 (1.04%) Unix
Processes & Methodologies
1 93 (48.44%) Mathematics
2 89 (46.35%) Quantitative Research
3 71 (36.98%) Analytics
4 63 (32.81%) OO
5 54 (28.13%) Physics
6 48 (25.00%) OOP
7 31 (16.15%) Electronic Trading
8 28 (14.58%) Test Strategy
9 24 (12.50%) Asset Management
9 24 (12.50%) TDD
10 23 (11.98%) Risk Management
11 21 (10.94%) PnL Attribution
12 20 (10.42%) Risk Analytics
13 17 (8.85%) Quantitative Trading
14 16 (8.33%) Continuous Improvement
15 14 (7.29%) Front End Development
16 11 (5.73%) MVVM
16 11 (5.73%) Quantitative Finance
16 11 (5.73%) Release Management
17 10 (5.21%) Multithreading
Programming Languages
1 130 (67.71%) C++
2 94 (48.96%) C#
3 76 (39.58%) Python
4 62 (32.29%) Java
5 14 (7.29%) JavaScript
5 14 (7.29%) VBA
6 12 (6.25%) Ada
7 10 (5.21%) SQL
8 5 (2.60%) C
9 4 (2.08%) R
9 4 (2.08%) VB
10 3 (1.56%) Groovy
10 3 (1.56%) PowerShell
11 2 (1.04%) C++/CLI
11 2 (1.04%) Go
11 2 (1.04%) Shell Script
12 1 (0.52%) AWK
12 1 (0.52%) MATLAB
12 1 (0.52%) VB6
12 1 (0.52%) VBScript
Qualifications
1 56 (29.17%) PhD
2 19 (9.90%) Degree
3 9 (4.69%) Numerate Degree
4 2 (1.04%) Computer Science Degree
Quality Assurance & Compliance
1 13 (6.77%) MiFID
2 5 (2.60%) EMIR
3 4 (2.08%) Solvency II
4 3 (1.56%) Basel III
4 3 (1.56%) FATCA
5 1 (0.52%) Data Quality
5 1 (0.52%) Dodd-Frank
5 1 (0.52%) IFRS
5 1 (0.52%) Sarbanes-Oxley
System Software
1 2 (1.04%) Apache ZooKeeper
2 1 (0.52%) HDFS
Vendors
1 6 (3.13%) Microsoft
1 6 (3.13%) Sophis
2 4 (2.08%) Murex
2 4 (2.08%) TIBCO
3 3 (1.56%) Calypso
3 3 (1.56%) Solace
4 1 (0.52%) Algorithmics
4 1 (0.52%) QAD