Period
to 17 November 2017

The median contractor rate for a Quantitative Developer was £650 per day in advertised job vacancies in England during the 6 months to 17 November 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
6 months to
17 Nov 2017
Same period 2016 Same period 2015
Rank 643 737 733
Rank change year-on-year +94 -4 -31
Contract jobs requiring a Quantitative Developer 204 127 141
As % of all contract IT jobs advertised in England 0.22% 0.13% 0.13%
As % of the Job Titles category 0.23% 0.14% 0.14%
Number of daily rates quoted 166 92 132
England median daily rate £650 £688 £650
Median daily rate % change year-on-year -5.45% +5.77% -
10th Percentile £525 £451 £475
90th Percentile £775 £925 £810
UK median daily rate £650 £700 £650
% change year-on-year -7.14% +7.69% -
Number of hourly rates quoted 1 0 0
England median hourly rate £35.50 - -
UK median hourly rate £35.50 - -

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 89579 93247 99778
% of contract IT jobs with a recognized job title 94.78% 94.76% 94.97%
Number of daily rates quoted 59679 61380 64531
England median daily rate £450 £425 £413
Median daily rate % change year-on-year +5.88% +3.03% +3.13%
10th Percentile £263 £256 £250
90th Percentile £625 £600 £600
UK median daily rate £448 £425 £400
% change year-on-year +5.29% +6.25% -
Number of hourly rates quoted 2656 3007 3839
England median hourly rate £18.70 £18.38 £17.98
Median hourly rate % change year-on-year +1.77% +2.20% +8.97%
10th Percentile £10.96 £10.50 £10.50
90th Percentile £47.83 £46.75 £45.00
UK median hourly rate £18.70 £18.00 £18.00
% change year-on-year +3.89% - +9.09%

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 November 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 6 months to 17 November 2017. 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 +78 203 £650 -7.14% 10
Quantitative Developer
UK

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

For the 6 months to 17 November 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.

1 150 (73.53%) Finance
2 149 (73.04%) C++
3 110 (53.92%) Mathematics
4 93 (45.59%) C#
5 90 (44.12%) Front Office
6 89 (43.63%) Python
7 78 (38.24%) Analytics
8 65 (31.86%) Quantitative Research
9 60 (29.41%) Java
9 60 (29.41%) Foreign Exchange (FX)
10 55 (26.96%) PhD
11 53 (25.98%) Banking
12 52 (25.49%) Derivative
12 52 (25.49%) Market Risk
13 50 (24.51%) Physics
14 47 (23.04%) OO
15 37 (18.14%) Analytical Skills
16 34 (16.67%) Fixed Income
16 34 (16.67%) Asset Management
17 31 (15.20%) Investment Banking
18 29 (14.22%) OOP
19 28 (13.73%) Computer Science
19 28 (13.73%) Credit Risk
20 26 (12.75%) Microsoft Excel
20 26 (12.75%) Financial Institution
21 25 (12.25%) .NET
21 25 (12.25%) Front End Development
22 23 (11.27%) PnL Attribution
22 23 (11.27%) VBA
23 22 (10.78%) Risk Analytics

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 5 (2.45%) CMS
2 4 (1.96%) Cloud Foundry
3 2 (0.98%) Apache Spark
4 1 (0.49%) Confluence
Applications
1 26 (12.75%) Microsoft Excel
2 14 (6.86%) Spreadsheet
3 1 (0.49%) Doxygen
Business Applications
1 1 (0.49%) FINCAD Analytics
1 1 (0.49%) Summit
Cloud Services
1 4 (1.96%) Amazon AWS
1 4 (1.96%) Cloud Computing
1 4 (1.96%) Microsoft Azure
Communications & Networking
1 1 (0.49%) HTTP
Database & Business Intelligence
1 7 (3.43%) SQL Server
2 5 (2.45%) NoSQL
3 4 (1.96%) KDB
4 3 (1.47%) Big Data
4 3 (1.47%) Hadoop
5 2 (0.98%) HBase
6 1 (0.49%) Relational Database
6 1 (0.49%) SQL Server 2012
6 1 (0.49%) Tick Data
Development Applications
1 6 (2.94%) Subversion
2 5 (2.45%) Visual Studio
3 4 (1.96%) JIRA
4 2 (0.98%) Gradle
4 2 (0.98%) Jenkins
4 2 (0.98%) TeamCity
5 1 (0.49%) GCC
5 1 (0.49%) GDB
General
1 150 (73.53%) Finance
2 90 (44.12%) Front Office
3 53 (25.98%) Banking
4 31 (15.20%) Investment Banking
5 26 (12.75%) Financial Institution
6 2 (0.98%) International Banking
7 1 (0.49%) Legal
7 1 (0.49%) Pharmaceutical
7 1 (0.49%) Retail
7 1 (0.49%) Retail Banking
Libraries, Frameworks & Software Standards
1 25 (12.25%) .NET
2 21 (10.29%) AngularJS
2 21 (10.29%) Node.js
3 7 (3.43%) HTML
4 6 (2.94%) Boost C++ Libraries
4 6 (2.94%) CSS
4 6 (2.94%) STL
4 6 (2.94%) XML
5 5 (2.45%) Middleware
6 4 (1.96%) FIX Protocol
6 4 (1.96%) Rendezvous
6 4 (1.96%) REST
6 4 (1.96%) Web Services
6 4 (1.96%) XML-RPC
7 3 (1.47%) JNI
8 2 (0.98%) .NET Framework
8 2 (0.98%) ASP.NET
8 2 (0.98%) Entity Framework
8 2 (0.98%) Pandas
8 2 (0.98%) WPF
Miscellaneous
1 60 (29.41%) Foreign Exchange (FX)
2 52 (25.49%) Derivative
2 52 (25.49%) Market Risk
3 37 (18.14%) Analytical Skills
4 34 (16.67%) Fixed Income
5 28 (13.73%) Computer Science
5 28 (13.73%) Credit Risk
6 12 (5.88%) Fintech
6 12 (5.88%) Interest Rate Derivative
7 9 (4.41%) CUDA
8 7 (3.43%) Equities
9 6 (2.94%) Swaptions
10 3 (1.47%) Algorithms
10 3 (1.47%) Clustering
10 3 (1.47%) Grid Computing
10 3 (1.47%) VWAP
11 2 (0.98%) Credit Derivative
11 2 (0.98%) OTC Derivatives
12 1 (0.49%) Equity Derivative
12 1 (0.49%) Hedge funds
Operating Systems
1 18 (8.82%) Windows
2 8 (3.92%) Linux
3 5 (2.45%) Unix
4 4 (1.96%) Windows 7
Processes & Methodologies
1 110 (53.92%) Mathematics
2 78 (38.24%) Analytics
3 65 (31.86%) Quantitative Research
4 50 (24.51%) Physics
5 47 (23.04%) OO
6 34 (16.67%) Asset Management
7 29 (14.22%) OOP
8 25 (12.25%) Front End Development
9 23 (11.27%) PnL Attribution
10 22 (10.78%) Risk Analytics
11 21 (10.29%) Electronic Trading
12 20 (9.80%) Risk Management
12 20 (9.80%) Validation
13 19 (9.31%) Quantitative Finance
13 19 (9.31%) TDD
14 17 (8.33%) Test Strategy
15 15 (7.35%) Machine Learning
16 14 (6.86%) Quantitative Trading
17 12 (5.88%) Agile Software Development
17 12 (5.88%) Functional Programming
Programming Languages
1 149 (73.04%) C++
2 93 (45.59%) C#
3 89 (43.63%) Python
4 60 (29.41%) Java
5 23 (11.27%) VBA
6 21 (10.29%) JavaScript
7 14 (6.86%) Ada
7 14 (6.86%) SQL
8 7 (3.43%) R
9 4 (1.96%) VB
10 3 (1.47%) Groovy
11 2 (0.98%) C++/CLI
11 2 (0.98%) F#
11 2 (0.98%) Go
11 2 (0.98%) MATLAB
11 2 (0.98%) PowerShell
12 1 (0.49%) AWK
12 1 (0.49%) sed
12 1 (0.49%) Shell Script
12 1 (0.49%) VB6
Qualifications
1 55 (26.96%) PhD
2 21 (10.29%) Degree
3 7 (3.43%) Numerate Degree
4 2 (0.98%) Postgraduate
5 1 (0.49%) Computer Science Degree
5 1 (0.49%) Master's Degree
Quality Assurance & Compliance
1 14 (6.86%) MiFID
2 2 (0.98%) EMIR
3 1 (0.49%) Dodd-Frank
3 1 (0.49%) Sarbanes-Oxley
System Software
1 2 (0.98%) Apache ZooKeeper
2 1 (0.49%) HDFS
Vendors
1 7 (3.43%) Microsoft
2 4 (1.96%) TIBCO
3 3 (1.47%) Solace
4 2 (0.98%) Bloomberg
4 2 (0.98%) Murex
4 2 (0.98%) Reuters
5 1 (0.49%) QAD