Period
to 17 January 2018

The median contractor rate for a C++ Quantitative Developer was £625 per day in advertised job vacancies in London during the 6 months to 17 January 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.

C++ Quant Developer
England > London
6 months to
17 Jan 2018
Same period 2017 Same period 2016
Rank 561 567 555
Rank change year-on-year +6 -12 -11
Contract jobs requiring a C++ Quantitative Developer 66 40 46
As % of all contract IT jobs advertised in London 0.14% 0.095% 0.11%
As % of the Job Titles category 0.15% 0.10% 0.11%
Number of daily rates quoted 61 36 37
London median daily rate £625 £738 £650
Median daily rate % change year-on-year -15.25% +13.46% -
10th Percentile £563 £596 £475
90th Percentile £763 £925 £950
England median daily rate £625 £738 £650
% change year-on-year -15.25% +13.46% -
Number of hourly rates quoted 0 0 0
London median hourly rate - - -
England median hourly rate - - -

The following table is for comparison with the above and includes summary statistics for all contract IT job vacancies advertised in London. 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
London
Contract vacancies in London with a recognized job title 44,046 39,950 41,331
% of contract IT jobs with a recognized job title 94.76% 94.97% 95.14%
Number of daily rates quoted 32,026 28,477 29,128
London median daily rate £500 £465 £450
Median daily rate % change year-on-year +7.53% +3.33% +5.88%
10th Percentile £300 £300 £275
90th Percentile £669 £641 £638
England median daily rate £450 £425 £416
% change year-on-year +5.88% +2.29% +3.88%
Number of hourly rates quoted 571 563 633
London median hourly rate £19.50 £20.50 £19.00
Median hourly rate % change year-on-year -4.88% +7.89% +8.57%
10th Percentile £12.00 £11.76 £11.25
90th Percentile £47.83 £50.00 £47.83
England median hourly rate £18.50 £18.38 £18.25
% change year-on-year +0.68% +0.68% +10.61%

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 17 January 2018.

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 17 January 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
Central London -11 8 £675 -8.47% 2
C++ Quantitative Developer
England

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

For the 6 months to 17 January 2018, 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 66 (100.00%) C++
2 46 (69.70%) C#
3 42 (63.64%) Finance
4 37 (56.06%) Quantitative Research
5 36 (54.55%) Derivative
6 32 (48.48%) Mathematics
6 32 (48.48%) Python
7 27 (40.91%) Analytics
8 23 (34.85%) Fixed Income
9 22 (33.33%) Analytical Skills
10 21 (31.82%) Physics
10 21 (31.82%) Front Office
11 20 (30.30%) PhD
12 19 (28.79%) Risk Analytics
13 18 (27.27%) Microsoft Excel
13 18 (27.27%) Foreign Exchange (FX)
14 17 (25.76%) OOP
15 16 (24.24%) Windows
15 16 (24.24%) Banking
15 16 (24.24%) Spreadsheet
15 16 (24.24%) Interest Rate Derivative
16 15 (22.73%) OO
16 15 (22.73%) Java
17 14 (21.21%) Investment Banking
18 11 (16.67%) Computer Science
18 11 (16.67%) Market Risk
19 10 (15.15%) TDD
20 9 (13.64%) Risk Management
20 9 (13.64%) Test Strategy
20 9 (13.64%) Credit Risk

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:

Applications
1 18 (27.27%) Microsoft Excel
2 16 (24.24%) Spreadsheet
Business Applications
1 3 (4.55%) Sophis RISQUE
1 3 (4.55%) Summit
Development Applications
1 2 (3.03%) Subversion
2 1 (1.52%) Gradle
2 1 (1.52%) Jenkins
2 1 (1.52%) JIRA
2 1 (1.52%) TeamCity
2 1 (1.52%) Visual Studio
General
1 42 (63.64%) Finance
2 21 (31.82%) Front Office
3 16 (24.24%) Banking
4 14 (21.21%) Investment Banking
5 1 (1.52%) Financial Institution
5 1 (1.52%) International Banking
5 1 (1.52%) Retail Banking
Libraries, Frameworks & Software Standards
1 7 (10.61%) .NET
2 3 (4.55%) COM
Miscellaneous
1 36 (54.55%) Derivative
2 23 (34.85%) Fixed Income
3 22 (33.33%) Analytical Skills
4 18 (27.27%) Foreign Exchange (FX)
5 16 (24.24%) Interest Rate Derivative
6 11 (16.67%) Computer Science
6 11 (16.67%) Market Risk
7 9 (13.64%) Credit Risk
8 3 (4.55%) Equity Derivative
8 3 (4.55%) Hedge funds
8 3 (4.55%) Management Information System
9 2 (3.03%) Credit Derivative
9 2 (3.03%) CUDA
10 1 (1.52%) Equities
10 1 (1.52%) Grid Computing
10 1 (1.52%) OTC Derivatives
Operating Systems
1 16 (24.24%) Windows
2 4 (6.06%) Linux
3 1 (1.52%) Unix
Processes & Methodologies
1 37 (56.06%) Quantitative Research
2 32 (48.48%) Mathematics
3 27 (40.91%) Analytics
4 21 (31.82%) Physics
5 19 (28.79%) Risk Analytics
6 17 (25.76%) OOP
7 15 (22.73%) OO
8 10 (15.15%) TDD
9 9 (13.64%) Electronic Trading
9 9 (13.64%) Risk Management
9 9 (13.64%) Test Strategy
10 8 (12.12%) Continuous Improvement
11 6 (9.09%) PnL Attribution
12 5 (7.58%) Validation
13 4 (6.06%) Change Management
13 4 (6.06%) OOD
13 4 (6.06%) Performance Management
13 4 (6.06%) Use Case
14 3 (4.55%) Business Analysis
14 3 (4.55%) Process Improvement
Programming Languages
1 66 (100.00%) C++
2 46 (69.70%) C#
3 32 (48.48%) Python
4 15 (22.73%) Java
5 8 (12.12%) Ada
6 7 (10.61%) VBA
7 1 (1.52%) F#
7 1 (1.52%) Go
7 1 (1.52%) Shell Script
7 1 (1.52%) SQL
7 1 (1.52%) VB
Qualifications
1 20 (30.30%) PhD
2 2 (3.03%) Computer Science Degree
2 2 (3.03%) Degree
Quality Assurance & Compliance
1 4 (6.06%) Solvency II
2 3 (4.55%) Basel III
2 3 (4.55%) EMIR
2 3 (4.55%) FATCA
2 3 (4.55%) MiFID
3 1 (1.52%) Data Quality
3 1 (1.52%) IFRS
Vendors
1 6 (9.09%) Sophis
2 4 (6.06%) Microsoft
2 4 (6.06%) Murex
3 3 (4.55%) Calypso
4 1 (1.52%) Algorithmics