Period
to 22 July 2018

The median contractor rate for a Quantitative Developer was £706 per day in advertised job vacancies in England during the 6 months to 22 July 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
22 Jul 2018
Same period 2017 Same period 2016
Rank 706 645 765
Rank change year-on-year -61 +120 +26
Contract jobs requiring a Quantitative Developer 165 184 112
As % of all contract IT jobs advertised in England 0.18% 0.21% 0.11%
As % of the Job Titles category 0.18% 0.22% 0.12%
Number of daily rates quoted 144 161 82
England median daily rate £706 £625 £650
Median daily rate % change year-on-year +13.00% -3.85% +4.00%
10th Percentile £613 £525 £488
90th Percentile £900 £769 £775
UK median daily rate £706 £625 £650
% change year-on-year +13.00% -3.85% +4.00%
Number of hourly rates quoted 0 2 1
England median hourly rate - £37.75 £80.00
Median hourly rate % change year-on-year - -52.81% -
UK median hourly rate - £37.75 £80.00
% change year-on-year - -52.81% -

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 89,360 83,878 96,708
% of contract IT jobs with a recognized job title 94.82% 94.94% 95.17%
Number of daily rates quoted 59,161 54,726 63,738
England median daily rate £450 £440 £425
Median daily rate % change year-on-year +2.27% +3.53% +6.25%
10th Percentile £275 £263 £259
90th Percentile £638 £625 £600
UK median daily rate £450 £428 £425
% change year-on-year +5.14% +0.71% +6.25%
Number of hourly rates quoted 2,881 2,688 2,831
England median hourly rate £18.70 £18.14 £19.00
Median hourly rate % change year-on-year +3.09% -4.53% +8.57%
10th Percentile £11.17 £10.75 £10.41
90th Percentile £48.75 £48.75 £47.00
UK median hourly rate £18.50 £18.50 £19.00
% change year-on-year - -2.63% +8.57%

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 22 July 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 22 July 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 -54 165 £706 +13.00% 26
Quantitative Developer
UK

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

For the 6 months to 22 July 2018, Quantitative Developer contract jobs required the following IT skills 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 Developer in the job title.

1 118 (71.52%) C++
2 98 (59.39%) Front Office
3 88 (53.33%) C#
4 81 (49.09%) Finance
5 73 (44.24%) Derivative
6 69 (41.82%) Python
7 54 (32.73%) Mathematics
8 50 (30.30%) Analytics
9 49 (29.70%) Quantitative Research
10 48 (29.09%) Foreign Exchange (FX)
11 45 (27.27%) Fixed Income
12 41 (24.85%) OO
13 33 (20.00%) Java
14 31 (18.79%) Physics
15 30 (18.18%) Analytical Skills
16 26 (15.76%) Degree
16 26 (15.76%) PhD
16 26 (15.76%) Quantitative Finance
17 24 (14.55%) OOP
17 24 (14.55%) Windows
18 23 (13.94%) SQL
19 21 (12.73%) SQL Server
19 21 (12.73%) Banking
19 21 (12.73%) Market Risk
20 19 (11.52%) Risk Analytics
20 19 (11.52%) Microsoft Excel
21 18 (10.91%) VBA
22 15 (9.09%) Computer Science
23 14 (8.48%) Quantitative Analysis
23 14 (8.48%) Problem-Solving

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 1 (0.61%) Elasticsearch
Applications
1 19 (11.52%) Microsoft Excel
2 3 (1.82%) Spreadsheet
Cloud Services
1 10 (6.06%) Cloud Computing
Database & Business Intelligence
1 21 (12.73%) SQL Server
2 10 (6.06%) MongoDB
3 8 (4.85%) NoSQL
4 3 (1.82%) KDB
4 3 (1.82%) Kdb+
Development Applications
1 2 (1.21%) Subversion
2 1 (0.61%) Git (software)
2 1 (0.61%) JIRA
2 1 (0.61%) RStudio
General
1 98 (59.39%) Front Office
2 81 (49.09%) Finance
3 21 (12.73%) Banking
4 11 (6.67%) Investment Banking
5 10 (6.06%) Financial Institution
Libraries, Frameworks & Software Standards
1 8 (4.85%) .NET
2 6 (3.64%) HTML
3 5 (3.03%) NumPy
3 5 (3.03%) Pandas
4 4 (2.42%) SciPy
5 3 (1.82%) AngularJS
5 3 (1.82%) CSS
5 3 (1.82%) React
5 3 (1.82%) scikit-learn
5 3 (1.82%) SQLAlchemy
5 3 (1.82%) Vue.js
6 2 (1.21%) Swing
7 1 (0.61%) .NET Framework
7 1 (0.61%) Boost C++ Libraries
7 1 (0.61%) D3.js
7 1 (0.61%) JavaFX
7 1 (0.61%) OpenCL
7 1 (0.61%) STL
7 1 (0.61%) WPF
Miscellaneous
1 73 (44.24%) Derivative
2 48 (29.09%) Foreign Exchange (FX)
3 45 (27.27%) Fixed Income
4 30 (18.18%) Analytical Skills
5 21 (12.73%) Market Risk
6 15 (9.09%) Computer Science
7 12 (7.27%) Algorithms
8 10 (6.06%) Interest Rate Derivative
8 10 (6.06%) Swaptions
9 8 (4.85%) Equity Derivative
10 6 (3.64%) Credit Derivative
11 5 (3.03%) Equities
11 5 (3.03%) Grid Computing
12 3 (1.82%) CUDA
13 2 (1.21%) Greenfield Project
13 2 (1.21%) Hedge funds
14 1 (0.61%) Credit Risk
Operating Systems
1 24 (14.55%) Windows
2 1 (0.61%) Linux
Processes & Methodologies
1 54 (32.73%) Mathematics
2 50 (30.30%) Analytics
3 49 (29.70%) Quantitative Research
4 41 (24.85%) OO
5 31 (18.79%) Physics
6 26 (15.76%) Quantitative Finance
7 24 (14.55%) OOP
8 19 (11.52%) Risk Analytics
9 14 (8.48%) Problem-Solving
9 14 (8.48%) Quantitative Analysis
10 13 (7.88%) Risk Management
11 12 (7.27%) Stochastic Modelling
12 11 (6.67%) Continuous Delivery
12 11 (6.67%) Electronic Trading
12 11 (6.67%) PnL Attribution
13 10 (6.06%) Project Management
13 10 (6.06%) Stochastic Calculus
14 9 (5.45%) Multithreading
15 8 (4.85%) Release Management
15 8 (4.85%) Test Strategy
Programming Languages
1 118 (71.52%) C++
2 88 (53.33%) C#
3 69 (41.82%) Python
4 33 (20.00%) Java
5 23 (13.94%) SQL
6 18 (10.91%) VBA
7 10 (6.06%) PowerShell
8 9 (5.45%) R
9 6 (3.64%) C
10 5 (3.03%) Ada
11 3 (1.82%) MATLAB
11 3 (1.82%) VB
12 2 (1.21%) C++/CLI
12 2 (1.21%) Java 8
Qualifications
1 26 (15.76%) Degree
1 26 (15.76%) PhD
2 10 (6.06%) Numerate Degree
3 2 (1.21%) Computer Science Degree
4 1 (0.61%) Master's Degree
Quality Assurance & Compliance
1 8 (4.85%) MiFID
2 2 (1.21%) EMIR
2 2 (1.21%) QA
2 2 (1.21%) SLA
Systems Management
1 6 (3.64%) Control-M
Vendors
1 3 (1.82%) Oracle
2 1 (0.61%) Bloomberg
2 1 (0.61%) Intel
2 1 (0.61%) Murex
2 1 (0.61%) Reuters