Period
to 23 July 2017

The median contractor rate for a C++ Quantitative Developer was £625 per day in advertised job vacancies in London during the 6 months to 23 July 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.

C++ Quant Developer
England > London
6 months to
23 Jul 2017
Same period 2016 Same period 2015
Rank 531 574 581
Rank change year-on-year +43 +7 -74
Contract jobs requiring a C++ Quantitative Developer 56 29 21
As % of all contract IT jobs advertised in London 0.13% 0.064% 0.046%
As % of the Job Titles category 0.14% 0.067% 0.048%
Number of daily rates quoted 55 24 18
London median daily rate £625 £618 £650
Median daily rate % change year-on-year +1.21% -5.00% -
10th Percentile £525 £504 £475
90th Percentile £758 £768 £763
England median daily rate £625 £618 £650
% change year-on-year +1.21% -5.00% -
Number of hourly rates quoted 0 0 0
London median hourly rate - - -
England 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 London. 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
London
Contract job vacancies with a job title containing a recognized job role 39612 43135 43681
As % of all contract IT job vacancies advertised in London 94.97% 95.10% 94.84%
Number of daily rates quoted 28185 31044 30330
London median daily rate £475 £450 £438
Median daily rate % change year-on-year +5.56% +2.86% +2.94%
10th Percentile £305 £288 £263
90th Percentile £650 £638 £638
England median daily rate £440 £425 £400
% change year-on-year +3.53% +6.25% -
Number of hourly rates quoted 505 478 759
London median hourly rate £21.25 £19.00 £19.50
Median hourly rate % change year-on-year +11.84% -2.56% +11.43%
10th Percentile £12.50 £10.71 £11.25
90th Percentile £50.00 £47.08 £52.60
England median hourly rate £18.40 £19.00 £17.50
% change year-on-year -3.16% +8.57% +2.94%

C++ Quantitative Developer
Job Vacancy Trend in London

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

Job vacancy trend for C++ Quantitative Developer in London

C++ Quantitative Developer
Contractor Daily Rate Trend in London

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

Contractor daily rate trend for C++ Quantitative Developer in London

C++ Quantitative Developer
Contractor Daily Rate Histogram in London

The daily rate distribution of IT jobs citing C++ Quantitative Developer in London over the 6 months to 23 July 2017.

Contractor daily rate histogram for C++ Quantitative Developer in London

C++ Quantitative Developer
Contract Job Locations in London

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing C++ Quantitative Developer within the London region over the 6 months to 23 July 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
City of London +10 7 £700 +33.33% 3
C++ Quantitative Developer
England

C++ Quantitative Developer Skill Set
Top 30 Co-occurring IT Skills in London

For the 6 months to 23 July 2017, C++ 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 London region featuring C++ Quantitative Developer in the job title.

1 56 (100.00%) C++
2 32 (57.14%) C#
3 29 (51.79%) Python
4 25 (44.64%) Fixed Income
5 24 (42.86%) Finance
6 23 (41.07%) Front Office
6 23 (41.07%) Agile Software Development
6 23 (41.07%) Mathematics
7 21 (37.50%) Windows
8 19 (33.93%) Derivative
9 17 (30.36%) Analytical Skills
10 16 (28.57%) Banking
10 16 (28.57%) Microsoft Excel
10 16 (28.57%) Credit Risk
10 16 (28.57%) Analytics
10 16 (28.57%) Quantitative Research
11 15 (26.79%) Market Risk
11 15 (26.79%) PhD
12 14 (25.00%) STL
12 14 (25.00%) XML
12 14 (25.00%) Risk Analytics
12 14 (25.00%) Boost C++ Libraries
13 13 (23.21%) Microsoft
13 13 (23.21%) .NET
13 13 (23.21%) Foreign Exchange (FX)
13 13 (23.21%) Subversion
13 13 (23.21%) Computer Science
14 12 (21.43%) Physics
14 12 (21.43%) Swaptions
14 12 (21.43%) Investment Banking

C++ Quantitative Developer Skill Set
Co-occurring IT Skills in London 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 12 (21.43%) CMS
Applications
1 16 (28.57%) Microsoft Excel
2 10 (17.86%) Spreadsheet
Business Applications
1 1 (1.79%) Summit
Communications & Networking
1 1 (1.79%) FIX Connectivity
Database & Business Intelligence
1 2 (3.57%) Big Data
2 1 (1.79%) KDB
Development Applications
1 13 (23.21%) Subversion
2 7 (12.50%) TeamCity
3 6 (10.71%) JIRA
General
1 24 (42.86%) Finance
2 23 (41.07%) Front Office
3 16 (28.57%) Banking
4 12 (21.43%) Investment Banking
5 2 (3.57%) International Banking
6 1 (1.79%) French Language
6 1 (1.79%) Marketing
6 1 (1.79%) Retail
Libraries, Frameworks & Software Standards
1 14 (25.00%) Boost C++ Libraries
1 14 (25.00%) STL
1 14 (25.00%) XML
2 13 (23.21%) .NET
3 2 (3.57%) JNI
4 1 (1.79%) FIX Protocol
4 1 (1.79%) XSD
Miscellaneous
1 25 (44.64%) Fixed Income
2 19 (33.93%) Derivative
3 17 (30.36%) Analytical Skills
4 16 (28.57%) Credit Risk
5 15 (26.79%) Market Risk
6 13 (23.21%) Computer Science
6 13 (23.21%) Foreign Exchange (FX)
7 12 (21.43%) Swaptions
8 10 (17.86%) Interest Rate Derivative
9 7 (12.50%) Management Information System
10 6 (10.71%) CUDA
11 4 (7.14%) Grid Computing
12 2 (3.57%) Algorithms
13 1 (1.79%) Equities
Operating Systems
1 21 (37.50%) Windows
2 7 (12.50%) Linux
3 4 (7.14%) Windows 7
Processes & Methodologies
1 23 (41.07%) Agile Software Development
1 23 (41.07%) Mathematics
2 16 (28.57%) Analytics
2 16 (28.57%) Quantitative Research
3 14 (25.00%) Risk Analytics
4 12 (21.43%) Physics
5 10 (17.86%) Validation
6 8 (14.29%) Migration
6 8 (14.29%) Monte Carlo Method
7 7 (12.50%) Cross-Platform Development
7 7 (12.50%) Quality Management
7 7 (12.50%) SDLC
7 7 (12.50%) Software Testing
7 7 (12.50%) TDD
8 6 (10.71%) OO
8 6 (10.71%) OOP
8 6 (10.71%) Risk Management
9 5 (8.93%) Quantitative Finance
10 4 (7.14%) Economics
10 4 (7.14%) PnL Attribution
Programming Languages
1 56 (100.00%) C++
2 32 (57.14%) C#
3 29 (51.79%) Python
4 4 (7.14%) Java
4 4 (7.14%) VBA
Qualifications
1 15 (26.79%) PhD
2 3 (5.36%) Degree
3 2 (3.57%) Numerate Degree
Quality Assurance & Compliance
1 7 (12.50%) QA
Vendors
1 13 (23.21%) Microsoft
2 1 (1.79%) Bloomberg
2 1 (1.79%) Murex
2 1 (1.79%) Reuters
2 1 (1.79%) Solace