The median contractor rate for a Quantitative Developer was £638 per day in advertised job vacancies in England during the 3 months to 24 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
UK / England
3 months to
24 Jun 2017
Same period 2016 Same period 2015
Rank 508 583 588
Rank change year-on-year +75 +5  
Contract jobs requiring a Quantitative Developer 74 49 37
As % of all contract IT jobs advertised in England 0.17% 0.099% 0.073%
As % of the Job Titles category 0.18% 0.10% 0.076%
Number of daily rates quoted 64 31 34
Median daily rate £638 £650 £625
Median daily rate % change year-on-year -1.92% +4.00%  
90% offered a daily rate of more than £550 £463 £550
10% offered a daily rate of more than £750 £725 £700
UK excluding London median daily rate £675 - £613
Number of hourly rates quoted 1 1 0
Median hourly rate £40.00 £80.00 -
Median hourly rate % change year-on-year -50.00% -  
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 England. 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
England
Contract job vacancies with a job title containing a recognized job role 40228 46925 48391
As % of all contract IT job vacancies advertised in England 94.73% 95.04% 94.83%
Number of daily rates quoted 26246 30992 30918
Median daily rate £450 £425 £400
Median daily rate % change year-on-year +5.88% +6.25%  
90% offered a daily rate of more than £275 £263 £250
10% offered a daily rate of more than £600 £600 £575
UK excluding London median daily rate £400 £400 £370
% change year-on-year - +8.10%  
Number of hourly rates quoted 1226 1370 1877
Median hourly rate £18.00 £17.50 £16.50
Median hourly rate % change year-on-year +2.85% +6.06%  
90% offered a hourly rate of more than £11.50 £11.00 £11.00
10% offered a hourly rate of more than £47.50 £43.50 £40.00
UK excluding London median hourly rate £17.50 £17.48 £16.00
% change year-on-year +0.14% +9.21%  

Quantitative Developer
Job Vacancy Trend in England

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

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 3 months to 24 June 2017.

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 3 months to 24 June 2017. The 'Rank Change' column provides an indication of the change in demand within each location based on the same 3 month period last year.

Location Rank Change
on Same Period
Last Year
Matching
Contract
IT Job Ads
Median
Daily Rate
Last 3 Months
Median Daily Rate
% Change
on Same Period
Last Year
Live
Job
Vacancies
London +49 73 £625 -3.84% 12
Quantitative Developer
UK

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

For the 6 months to 24 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 England region featuring Quantitative Developer in the job title.

1 131 (73.18%) C++
2 88 (49.16%) Front Office
3 83 (46.37%) Finance
4 80 (44.69%) Python
5 69 (38.55%) C#
6 66 (36.87%) Banking
7 63 (35.20%) Mathematics
8 61 (34.08%) PhD
9 50 (27.93%) Quantitative Research
9 50 (27.93%) Windows
10 49 (27.37%) Investment Banking
11 48 (26.82%) Foreign Exchange (FX)
12 41 (22.91%) Agile Software Development
12 41 (22.91%) Computer Science
12 41 (22.91%) Fixed Income
13 38 (21.23%) Linux
14 34 (18.99%) Java
15 33 (18.44%) Derivative
16 31 (17.32%) Analytics
17 30 (16.76%) SQL
18 29 (16.20%) Market Risk
19 27 (15.08%) Analytical Skills
20 25 (13.97%) Risk Management
20 25 (13.97%) Spreadsheet
21 23 (12.85%) .NET
22 22 (12.29%) Release Management
23 21 (11.73%) Monte Carlo Method
23 21 (11.73%) Subversion
24 20 (11.17%) Degree
24 20 (11.17%) Tick Data

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 11 (6.15%) CMS
2 3 (1.68%) Apache Spark
3 2 (1.12%) Cloud Foundry
4 1 (0.56%) Jupyter
Applications
1 25 (13.97%) Spreadsheet
2 16 (8.94%) Microsoft Excel
Business Applications
1 4 (2.23%) FINCAD Analytics
2 1 (0.56%) ION MarketView
Cloud Services
1 2 (1.12%) Amazon AWS
1 2 (1.12%) Cloud Computing
1 2 (1.12%) Microsoft Azure
Communications & Networking
1 1 (0.56%) FIX Connectivity
Database & Business Intelligence
1 20 (11.17%) Tick Data
2 7 (3.91%) SQL Server
3 4 (2.23%) Hadoop
4 3 (1.68%) Big Data
4 3 (1.68%) Data Warehouse
4 3 (1.68%) HBase
4 3 (1.68%) SQL Server 2008
5 2 (1.12%) NoSQL
5 2 (1.12%) Oracle Database
5 2 (1.12%) Oracle Database 12c
6 1 (0.56%) Data Lake
6 1 (0.56%) KDB
Development Applications
1 21 (11.73%) Subversion
2 15 (8.38%) JIRA
3 11 (6.15%) TeamCity
4 1 (0.56%) Git (software)
4 1 (0.56%) Jenkins
4 1 (0.56%) Visual Studio
General
1 88 (49.16%) Front Office
2 83 (46.37%) Finance
3 66 (36.87%) Banking
4 49 (27.37%) Investment Banking
5 10 (5.59%) Financial Institution
6 8 (4.47%) Retail
7 2 (1.12%) French Language
8 1 (0.56%) Legal
8 1 (0.56%) Marketing
Libraries, Frameworks & Software Standards
1 23 (12.85%) .NET
2 18 (10.06%) XML
3 13 (7.26%) Boost C++ Libraries
3 13 (7.26%) STL
4 6 (3.35%) JNI
5 5 (2.79%) XSD
6 3 (1.68%) FIX Protocol
6 3 (1.68%) REST
6 3 (1.68%) Web Services
7 2 (1.12%) AngularJS
7 2 (1.12%) CSS
7 2 (1.12%) FpML
7 2 (1.12%) HTML
7 2 (1.12%) Node.js
7 2 (1.12%) XML-RPC
8 1 (0.56%) COM
8 1 (0.56%) NumPy
8 1 (0.56%) RESTful
8 1 (0.56%) SciPy
8 1 (0.56%) XSLT
Miscellaneous
1 48 (26.82%) Foreign Exchange (FX)
2 41 (22.91%) Computer Science
2 41 (22.91%) Fixed Income
3 33 (18.44%) Derivative
4 29 (16.20%) Market Risk
5 27 (15.08%) Analytical Skills
6 18 (10.06%) Algorithms
7 13 (7.26%) Credit Risk
8 11 (6.15%) CUDA
8 11 (6.15%) Interest Rate Derivative
8 11 (6.15%) Management Information System
8 11 (6.15%) Swaptions
9 6 (3.35%) Equities
9 6 (3.35%) Fintech
10 3 (1.68%) Credit Derivative
11 2 (1.12%) Greenfield Project
11 2 (1.12%) Grid Computing
11 2 (1.12%) Hedge funds
12 1 (0.56%) OTC Derivatives
12 1 (0.56%) Reference Data
Operating Systems
1 50 (27.93%) Windows
2 38 (21.23%) Linux
3 4 (2.23%) Unix
4 3 (1.68%) Windows 7
Processes & Methodologies
1 63 (35.20%) Mathematics
2 50 (27.93%) Quantitative Research
3 41 (22.91%) Agile Software Development
4 31 (17.32%) Analytics
5 25 (13.97%) Risk Management
6 22 (12.29%) Release Management
7 21 (11.73%) Monte Carlo Method
8 19 (10.61%) Quantitative Finance
8 19 (10.61%) TDD
9 18 (10.06%) OO
10 17 (9.50%) Memory Management
11 16 (8.94%) Physics
11 16 (8.94%) PnL Attribution
12 15 (8.38%) Multithreading
12 15 (8.38%) OOP
12 15 (8.38%) Risk Analytics
13 12 (6.70%) Migration
13 12 (6.70%) SDLC
14 11 (6.15%) Cross-Platform Development
14 11 (6.15%) Software Testing
Programming Languages
1 131 (73.18%) C++
2 80 (44.69%) Python
3 69 (38.55%) C#
4 34 (18.99%) Java
5 30 (16.76%) SQL
6 10 (5.59%) R
6 10 (5.59%) VBA
7 6 (3.35%) MATLAB
8 5 (2.79%) C
9 3 (1.68%) JavaScript
9 3 (1.68%) PL/SQL
9 3 (1.68%) Scala
10 1 (0.56%) VC++
Qualifications
1 61 (34.08%) PhD
2 20 (11.17%) Degree
3 8 (4.47%) Numerate Degree
4 1 (0.56%) MBA
Quality Assurance & Compliance
1 11 (6.15%) QA
2 5 (2.79%) MiFID
3 1 (0.56%) Basel III
System Software
1 3 (1.68%) Apache ZooKeeper
1 3 (1.68%) HDFS
Vendors
1 18 (10.06%) Bloomberg
2 16 (8.94%) Microsoft
2 16 (8.94%) Reuters
3 5 (2.79%) Oracle
4 2 (1.12%) FactSet
5 1 (0.56%) ION Trading
5 1 (0.56%) Solace
5 1 (0.56%) Sybase
London
Hays London City Cheapside
Rate: £650.00 - £730.00 per day
Posted: 3 days ago
Cambridge, Cambridgeshire
TEKsystems
Rate: £600 - £700 per day
Posted: 4 days ago
London
McGregor Boyall
Rate: £700 - £750 per day
Posted: 4 days ago