The median contractor rate for a Quantitative Analyst was £700 per day in advertised job vacancies in London during the 3 months to 23 June 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 Analyst
England / London
3 months to
23 Jun 2017
Same period 2016 Same period 2015
Rank 408 387 404
Rank change year-on-year -21 +17  
Contract jobs requiring a Quantitative Analyst 14 40 19
As % of all contract IT jobs advertised in London 0.068% 0.18% 0.081%
As % of the Job Titles category 0.071% 0.19% 0.086%
Number of daily rates quoted 9 29 19
Median daily rate £700 £650 £625
Median daily rate % change year-on-year +7.69% +4.00%  
90% offered a daily rate of more than £495 £573 £447
10% offered a daily rate of more than £728 £865 £750
UK excluding London median daily rate - £600 -
Number of hourly rates quoted 1 0 0
Median hourly rate £40.00 - -
UK excluding London 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 19622 20610 22172
As % of all contract IT job vacancies advertised in London 94.89% 95.28% 94.63%
Number of daily rates quoted 14013 14955 15445
Median daily rate £500 £463 £445
Median daily rate % change year-on-year +8.10% +3.93%  
90% offered a daily rate of more than £315 £295 £275
10% offered a daily rate of more than £650 £625 £603
UK excluding London median daily rate £400 £400 £370
% change year-on-year - +8.10%  
Number of hourly rates quoted 248 227 383
Median hourly rate £19.82 £17.89 £18.70
Median hourly rate % change year-on-year +10.81% -4.35%  
90% offered a hourly rate of more than £12.50 £12.00 £11.00
10% offered a hourly rate of more than £47.83 £42.50 £52.17
UK excluding London median hourly rate £17.50 £17.45 £16.14
% change year-on-year +0.28% +8.11%  

Quantitative Analyst
Job Vacancy Trend in London

The job posting trend of jobs advertised in London that featured Quantitative Analyst in the job title.

Job vacancy trend for Quantitative Analyst in London

Quantitative Analyst
Contractor Daily Rate Trend in London

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

Contractor daily rate trend for Quantitative Analyst in London

Quantitative Analyst
Contractor Daily Rate Histogram in London

The daily rate distribution of IT jobs citing Quantitative Analyst in London over the 3 months to 23 June 2017.

Contractor daily rate histogram for Quantitative Analyst in London

Quantitative Analyst
Contractor Hourly Rate Trend in London

This chart provides the 3-month moving average for contractor hourly rates quoted in IT jobs citing Quantitative Analyst in London.

Contractor hourly rate trend for Quantitative Analyst in London

Quantitative Analyst
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 Quantitative Analyst within the London region over the 3 months to 23 June 2017. The 'Rank Change' column provides an indication of the change in demand within each location based on the same 3 month period last year.

Location Rank Change
on Same Period
Last Year
Matching
Contract
IT Job Ads
Median
Daily Rate
Last 3 Months
Median Daily Rate
% Change
on Same Period
Last Year
Live
Job
Vacancies
City of London -3 2 £713 +14.00% 2
Bromley - 1 - -
Quantitative Analyst
England

Quantitative Analyst Skill Set
Top 30 Co-occurring IT Skills in London

For the 6 months to 23 June 2017, Quantitative Analyst 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 Quantitative Analyst in the job title.

1 27 (71.05%) Finance
2 21 (55.26%) C++
3 20 (52.63%) Mathematics
4 19 (50.00%) Front Office
5 17 (44.74%) Banking
5 17 (44.74%) Monte Carlo Method
6 15 (39.47%) R
7 12 (31.58%) SQL
7 12 (31.58%) Algorithms
7 12 (31.58%) Quantitative Finance
7 12 (31.58%) JIRA
8 11 (28.95%) TDD
9 10 (26.32%) Investment Banking
9 10 (26.32%) Risk Management
9 10 (26.32%) PhD
9 10 (26.32%) Python
10 9 (23.68%) Analytics
11 8 (21.05%) Analytical Skills
11 8 (21.05%) Validation
12 7 (18.42%) Credit Risk
13 6 (15.79%) Market Risk
13 6 (15.79%) Statistics
13 6 (15.79%) Degree
13 6 (15.79%) Stress Testing
13 6 (15.79%) CUDA
13 6 (15.79%) Retail
13 6 (15.79%) Subversion
13 6 (15.79%) Foreign Exchange (FX)
13 6 (15.79%) Financial Institution
14 5 (13.16%) Change Management

Quantitative Analyst 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 1 (2.63%) Microsoft Excel
Database & Business Intelligence
1 4 (10.53%) Big Data
2 3 (7.89%) Data Mining
2 3 (7.89%) Hadoop
3 2 (5.26%) KDB
4 1 (2.63%) Blockchain
4 1 (2.63%) Data Mart
4 1 (2.63%) SQL Server
Development Applications
1 12 (31.58%) JIRA
2 6 (15.79%) Subversion
3 2 (5.26%) Git (software)
General
1 27 (71.05%) Finance
2 19 (50.00%) Front Office
3 17 (44.74%) Banking
4 10 (26.32%) Investment Banking
5 6 (15.79%) Financial Institution
5 6 (15.79%) Retail
6 3 (7.89%) Back Office
7 1 (2.63%) Games
7 1 (2.63%) Marketing
Libraries, Frameworks & Software Standards
1 2 (5.26%) AngularJS
2 1 (2.63%) .NET
2 1 (2.63%) COM
2 1 (2.63%) XML
2 1 (2.63%) XSLT
Miscellaneous
1 12 (31.58%) Algorithms
2 8 (21.05%) Analytical Skills
3 7 (18.42%) Credit Risk
4 6 (15.79%) CUDA
4 6 (15.79%) Foreign Exchange (FX)
4 6 (15.79%) Market Risk
5 4 (10.53%) Derivative
6 3 (7.89%) Credit Derivative
7 2 (5.26%) Computer Science
Operating Systems
1 2 (5.26%) Linux
Processes & Methodologies
1 20 (52.63%) Mathematics
2 17 (44.74%) Monte Carlo Method
3 12 (31.58%) Quantitative Finance
4 11 (28.95%) TDD
5 10 (26.32%) Risk Management
6 9 (23.68%) Analytics
7 8 (21.05%) Validation
8 6 (15.79%) Statistics
8 6 (15.79%) Stress Testing
9 5 (13.16%) Change Management
10 3 (7.89%) Agile Software Development
10 3 (7.89%) Data Analytics
10 3 (7.89%) Scenario Testing
11 2 (5.26%) Bayesian Methods
11 2 (5.26%) Data Validation
11 2 (5.26%) Decision Tree
11 2 (5.26%) GARCH
11 2 (5.26%) Statistical Modelling
11 2 (5.26%) Stochastic Modelling
11 2 (5.26%) Time Series Analysis
Programming Languages
1 21 (55.26%) C++
2 15 (39.47%) R
3 12 (31.58%) SQL
4 10 (26.32%) Python
5 5 (13.16%) MATLAB
6 4 (10.53%) C#
7 3 (7.89%) Java
7 3 (7.89%) VBA
8 2 (5.26%) C
8 2 (5.26%) JavaScript
8 2 (5.26%) Shell Script
9 1 (2.63%) Scala
9 1 (2.63%) VC++
Qualifications
1 10 (26.32%) PhD
2 6 (15.79%) Degree
3 1 (2.63%) Computer Science Degree
3 1 (2.63%) Master's Degree
Quality Assurance & Compliance
1 2 (5.26%) IAS 39
1 2 (5.26%) IFRS
1 2 (5.26%) IFRS 9
2 1 (2.63%) MiFID
2 1 (2.63%) QA
Vendors
1 2 (5.26%) Splunk
2 1 (2.63%) Microsoft
2 1 (2.63%) MicroStrategy
2 1 (2.63%) Oracle
2 1 (2.63%) Teradata
East London
Spencer Rose
Rate: From £450 to £500 per day
Posted: 9 hours ago
London
McGregor Boyall
Rate: £700 - £750 per day
Posted: 4 days ago
London
Hays London City Cheapside
Rate: £550.00 - £750.00 per day
Posted: 7 days ago