The median contractor rate for a Quantitative Analyst was £725 per day in advertised job vacancies in London during the 3 months to 28 March 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
28 Mar 2017
Same period 2016 Same period 2015
Rank 377 393 395
Rank change year-on-year +16 +2  
Contract jobs requiring a Quantitative Analyst 25 33 17
As % of all contract IT jobs advertised in London 0.13% 0.15% 0.079%
As % of the Job Titles category 0.14% 0.16% 0.083%
Number of daily rates quoted 17 31 16
Median daily rate £725 £663 £500
Median daily rate % change year-on-year +9.43% +32.50%  
90% offered a daily rate of more than £565 £500 £388
10% offered a daily rate of more than £738 £700 £725
UK excluding London median daily rate - £675 -
Number of hourly rates quoted 1 0 0
Median hourly rate £56.00 - -
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 18483 21200 20424
As % of all contract IT job vacancies advertised in London 94.80% 95.05% 94.90%
Number of daily rates quoted 13146 15201 14093
Median daily rate £475 £450 £450
Median daily rate % change year-on-year +5.55% -  
90% offered a daily rate of more than £305 £300 £275
10% offered a daily rate of more than £643 £625 £600
UK excluding London median daily rate £400 £388 £375
% change year-on-year +3.22% +3.33%  
Number of hourly rates quoted 235 281 378
Median hourly rate £22.00 £17.00 £19.00
Median hourly rate % change year-on-year +29.41% -10.52%  
90% offered a hourly rate of more than £13.70 £11.50 £12.50
10% offered a hourly rate of more than £55.00 £43.57 £55.00
UK excluding London median hourly rate £17.50 £19.63 £17.00
% change year-on-year -10.82% +15.44%  

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 28 March 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 28 March 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 -10 1 - - 1
Quantitative Analyst
England

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

For the 6 months to 28 March 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 39 (76.47%) Mathematics
1 39 (76.47%) Finance
2 33 (64.71%) C++
3 25 (49.02%) Quantitative Finance
4 22 (43.14%) C#
5 21 (41.18%) Front Office
5 21 (41.18%) Monte Carlo Method
6 19 (37.25%) PhD
7 17 (33.33%) Analytics
8 16 (31.37%) Derivative
8 16 (31.37%) Banking
9 15 (29.41%) Validation
9 15 (29.41%) SQL
9 15 (29.41%) R
10 14 (27.45%) Market Risk
10 14 (27.45%) Risk Management
11 13 (25.49%) Algorithms
11 13 (25.49%) PnL Attribution
12 12 (23.53%) Python
13 11 (21.57%) Statistics
14 10 (19.61%) JIRA
14 10 (19.61%) TDD
15 9 (17.65%) Credit Derivative
15 9 (17.65%) Physics
15 9 (17.65%) Stochastic Modelling
16 8 (15.69%) QA
16 8 (15.69%) Investment Banking
16 8 (15.69%) Java
17 7 (13.73%) Retail
17 7 (13.73%) Statistical Analysis

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 6 (11.76%) LaTeX
2 3 (5.88%) Doxygen
3 1 (1.96%) MS Excel
Database & Business Intelligence
1 3 (5.88%) KDB
2 1 (1.96%) Big Data
2 1 (1.96%) Data Mart
2 1 (1.96%) Data Mining
2 1 (1.96%) SQL Server
Development Applications
1 10 (19.61%) JIRA
2 4 (7.84%) Subversion
3 3 (5.88%) Git (software)
General
1 39 (76.47%) Finance
2 21 (41.18%) Front Office
3 16 (31.37%) Banking
4 8 (15.69%) Investment Banking
5 7 (13.73%) Retail
6 6 (11.76%) Financial Institution
7 3 (5.88%) Back Office
8 1 (1.96%) Games
8 1 (1.96%) Marketing
Libraries, Frameworks & Software Standards
1 3 (5.88%) AngularJS
2 1 (1.96%) COM
2 1 (1.96%) XML
2 1 (1.96%) XSLT
Miscellaneous
1 16 (31.37%) Derivative
2 14 (27.45%) Market Risk
3 13 (25.49%) Algorithms
4 9 (17.65%) Credit Derivative
5 7 (13.73%) Credit Risk
6 6 (11.76%) Computer Science
7 5 (9.80%) Analytical Skills
8 4 (7.84%) CUDA
9 3 (5.88%) Fintech
9 3 (5.88%) Foreign Exchange (FX)
10 2 (3.92%) Equities
10 2 (3.92%) OTC Derivatives
10 2 (3.92%) Wiki
11 1 (1.96%) Fixed Income
Operating Systems
1 4 (7.84%) Linux
2 1 (1.96%) Windows
Processes & Methodologies
1 39 (76.47%) Mathematics
2 25 (49.02%) Quantitative Finance
3 21 (41.18%) Monte Carlo Method
4 17 (33.33%) Analytics
5 15 (29.41%) Validation
6 14 (27.45%) Risk Management
7 13 (25.49%) PnL Attribution
8 11 (21.57%) Statistics
9 10 (19.61%) TDD
10 9 (17.65%) Physics
10 9 (17.65%) Stochastic Modelling
11 7 (13.73%) Statistical Analysis
12 6 (11.76%) Change Management
13 4 (7.84%) Continuous Integration
13 4 (7.84%) Risk Analytics
14 3 (5.88%) Data Analytics
14 3 (5.88%) Migration
14 3 (5.88%) Statistical Modelling
15 2 (3.92%) Business Intelligence
15 2 (3.92%) Time Series Analysis
Programming Languages
1 33 (64.71%) C++
2 22 (43.14%) C#
3 15 (29.41%) R
3 15 (29.41%) SQL
4 12 (23.53%) Python
5 8 (15.69%) Java
6 6 (11.76%) MATLAB
7 3 (5.88%) C
7 3 (5.88%) JavaScript
7 3 (5.88%) Shell Script
8 2 (3.92%) VBA
9 1 (1.96%) Scala
9 1 (1.96%) VC++
Qualifications
1 19 (37.25%) PhD
2 5 (9.80%) Degree
Quality Assurance & Compliance
1 8 (15.69%) QA
2 2 (3.92%) IAS 39
2 2 (3.92%) IFRS
2 2 (3.92%) IFRS 9
Vendors
1 3 (5.88%) Splunk
2 2 (3.92%) Oracle
3 1 (1.96%) Microsoft
3 1 (1.96%) MicroStrategy
3 1 (1.96%) Teradata