Period
to 23 October 2018

The median contractor rate for a Quantitative Developer was £700 per day in advertised job vacancies in England during the 6 months to 23 October 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
23 Oct 2018
Same period 2017 Same period 2016
Rank 701 652 753
Rank change year-on-year -49 +101 -17
Contract jobs requiring a Quantitative Developer 154 201 115
As % of all contract IT jobs advertised in England 0.16% 0.22% 0.12%
As % of the Job Titles category 0.17% 0.23% 0.12%
Number of daily rates quoted 143 164 79
England median daily rate £700 £650 £675
Median daily rate % change year-on-year +7.69% -3.70% +2.86%
10th Percentile £525 £525 £450
90th Percentile £850 £775 £925
UK median daily rate £700 £650 £675
% change year-on-year +7.69% -3.70% +2.86%
Number of hourly rates quoted 0 1 1
England median hourly rate - £35.50 £80.00
Median hourly rate % change year-on-year - -55.63% -
UK median hourly rate - £35.50 £80.00
% change year-on-year - -55.63% -

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 89,537 87,466 92,663
% of contract IT jobs with a recognized job title 94.71% 94.91% 94.88%
Number of daily rates quoted 59,665 58,037 61,023
England median daily rate £450 £450 £425
Median daily rate % change year-on-year - +5.88% +5.59%
10th Percentile £275 £263 £256
90th Percentile £638 £625 £600
UK median daily rate £450 £440 £425
% change year-on-year +2.27% +3.53% +6.25%
Number of hourly rates quoted 2,825 2,571 2,978
England median hourly rate £18.00 £18.70 £18.50
Median hourly rate % change year-on-year -3.74% +1.08% +4.11%
10th Percentile £11.17 £10.75 £10.50
90th Percentile £48.75 £48.75 £46.58
UK median hourly rate £17.99 £18.70 £18.00
% change year-on-year -3.82% +3.89% -

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 23 October 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 23 October 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 -48 154 £700 +7.69% 29
Quantitative Developer
UK

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

For the 6 months to 23 October 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.

1 101 (65.58%) Finance
2 94 (61.04%) Derivative
3 83 (53.90%) Python
4 77 (50.00%) C++
5 61 (39.61%) Foreign Exchange (FX)
6 60 (38.96%) OO
7 57 (37.01%) Banking
8 54 (35.06%) Mathematics
9 52 (33.77%) Front Office
10 50 (32.47%) C#
11 40 (25.97%) Analytics
12 37 (24.03%) OOD
13 34 (22.08%) Fixed Income
14 32 (20.78%) PhD
14 32 (20.78%) Investment Management
14 32 (20.78%) Degree
15 30 (19.48%) Oracle
15 30 (19.48%) Stakeholder Management
15 30 (19.48%) Time Series Analysis
16 29 (18.83%) Microservices
16 29 (18.83%) SQL
17 22 (14.29%) Hedge funds
18 21 (13.64%) Credit Derivative
19 20 (12.99%) Quantitative Research
20 18 (11.69%) .NET
21 16 (10.39%) Investment Banking
21 16 (10.39%) Quantitative Finance
22 15 (9.74%) VBA
22 15 (9.74%) SQL Server
22 15 (9.74%) Java

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 6 (3.90%) IPython
2 4 (2.60%) Cloud Foundry
3 2 (1.30%) Apache Spark
4 1 (0.65%) Elasticsearch
4 1 (0.65%) SAS
Applications
1 11 (7.14%) Microsoft Excel
2 9 (5.84%) Spreadsheet
3 1 (0.65%) LaTeX
Cloud Services
1 9 (5.84%) Amazon AWS
1 9 (5.84%) Microsoft Azure
2 2 (1.30%) Cloud Computing
Database & Business Intelligence
1 15 (9.74%) SQL Server
2 5 (3.25%) MongoDB
3 4 (2.60%) KDB
3 4 (2.60%) NoSQL
4 3 (1.95%) Kdb+
5 2 (1.30%) Apache Hive
5 2 (1.30%) Hadoop
5 2 (1.30%) Impala
6 1 (0.65%) Data Warehouse
6 1 (0.65%) Oracle Database
6 1 (0.65%) Oracle Database 12c
Development Applications
1 4 (2.60%) Git (software)
General
1 101 (65.58%) Finance
2 57 (37.01%) Banking
3 52 (33.77%) Front Office
4 16 (10.39%) Investment Banking
5 7 (4.55%) Financial Institution
6 1 (0.65%) Greek Language
Libraries, Frameworks & Software Standards
1 18 (11.69%) .NET
2 10 (6.49%) NumPy
2 10 (6.49%) Pandas
3 9 (5.84%) ASP.NET
3 9 (5.84%) ASP.NET Core
4 6 (3.90%) Flask
5 5 (3.25%) HTML
6 4 (2.60%) AngularJS
6 4 (2.60%) React
7 3 (1.95%) scikit-learn
7 3 (1.95%) SciPy
7 3 (1.95%) SQLAlchemy
7 3 (1.95%) Vue.js
8 2 (1.30%) FIX Protocol
8 2 (1.30%) PySpark
9 1 (0.65%) .NET Framework
9 1 (0.65%) Boost C++ Libraries
9 1 (0.65%) D3.js
9 1 (0.65%) JSON
9 1 (0.65%) OpenCL
Miscellaneous
1 94 (61.04%) Derivative
2 61 (39.61%) Foreign Exchange (FX)
3 34 (22.08%) Fixed Income
4 22 (14.29%) Hedge funds
5 21 (13.64%) Credit Derivative
6 12 (7.79%) Algorithms
6 12 (7.79%) Market Risk
7 10 (6.49%) Analytical Skills
8 9 (5.84%) Data Structures
9 8 (5.19%) Computer Science
10 7 (4.55%) Interest Rate Derivative
11 6 (3.90%) Client/Server
12 4 (2.60%) Equity Derivative
12 4 (2.60%) Swaptions
13 3 (1.95%) OTC Derivatives
14 2 (1.30%) CUDA
15 1 (0.65%) Credit Risk
15 1 (0.65%) Fintech
15 1 (0.65%) Greenfield Project
Operating Systems
1 10 (6.49%) Linux
2 6 (3.90%) Windows
Processes & Methodologies
1 60 (38.96%) OO
2 54 (35.06%) Mathematics
3 40 (25.97%) Analytics
4 37 (24.03%) OOD
5 32 (20.78%) Investment Management
6 30 (19.48%) Stakeholder Management
6 30 (19.48%) Time Series Analysis
7 29 (18.83%) Microservices
8 20 (12.99%) Quantitative Research
9 16 (10.39%) Quantitative Finance
10 14 (9.09%) Risk Management
11 12 (7.79%) Backtesting
11 12 (7.79%) Continuous Integration
11 12 (7.79%) Monte Carlo Method
11 12 (7.79%) TDD
12 10 (6.49%) Physics
13 9 (5.84%) Agile Software Development
13 9 (5.84%) MVC
14 8 (5.19%) Data Conversion
14 8 (5.19%) Risk Analytics
Programming Languages
1 83 (53.90%) Python
2 77 (50.00%) C++
3 50 (32.47%) C#
4 29 (18.83%) SQL
5 15 (9.74%) Java
5 15 (9.74%) VBA
6 8 (5.19%) R
7 6 (3.90%) Cython
8 4 (2.60%) Ada
8 4 (2.60%) PowerShell
9 3 (1.95%) C
9 3 (1.95%) MATLAB
10 2 (1.30%) Shell Script
11 1 (0.65%) Haskell
11 1 (0.65%) Java 8
11 1 (0.65%) Perl
11 1 (0.65%) PL/SQL
11 1 (0.65%) VB
Qualifications
1 32 (20.78%) Degree
1 32 (20.78%) PhD
2 12 (7.79%) Numerate Degree
3 7 (4.55%) Master's Degree
4 1 (0.65%) Computer Science Degree
Quality Assurance & Compliance
1 2 (1.30%) QA
1 2 (1.30%) SLA
2 1 (0.65%) EMIR
System Software
1 2 (1.30%) HDFS
Systems Management
1 4 (2.60%) Control-M
Vendors
1 30 (19.48%) Oracle
2 1 (0.65%) Cognizant
2 1 (0.65%) Intel