Period
to 18 June 2018

The median contractor rate for a Quantitative Developer was £719 per day in advertised job vacancies in London during the 6 months to 18 June 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.

Quant Developer
England > London
6 months to
18 Jun 2018
Same period 2017 Same period 2016
Rank 447 413 494
Rank change year-on-year -34 +81 +46
Contract jobs requiring a Quantitative Developer 177 173 99
As % of all contract IT jobs advertised in London 0.39% 0.44% 0.23%
As % of the Job Titles category 0.42% 0.46% 0.24%
Number of daily rates quoted 156 156 86
London median daily rate £719 £625 £675
Median daily rate % change year-on-year +15.00% -7.41% +8.00%
10th Percentile £613 £544 £500
90th Percentile £888 £763 £775
England median daily rate £719 £625 £663
% change year-on-year +15.00% -5.66% +6.00%
Number of hourly rates quoted 0 2 1
London median hourly rate - £48.00 £80.00
Median hourly rate % change year-on-year - -40.00% -
England median hourly rate - £48.00 £80.00
% change year-on-year - -40.00% -

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 42,514 37,692 41,328
% of contract IT jobs with a recognized job title 94.79% 95.08% 95.26%
Number of daily rates quoted 30,687 26,862 29,786
London median daily rate £500 £475 £450
Median daily rate % change year-on-year +5.26% +5.56% +2.86%
10th Percentile £313 £305 £281
90th Percentile £675 £650 £638
England median daily rate £450 £434 £425
% change year-on-year +3.81% +2.00% +6.25%
Number of hourly rates quoted 672 488 519
London median hourly rate £21.50 £22.00 £18.99
Median hourly rate % change year-on-year -2.27% +15.88% -3.70%
10th Percentile £13.00 £12.50 £10.50
90th Percentile £50.00 £51.48 £46.75
England median hourly rate £18.51 £18.75 £20.00
% change year-on-year -1.31% -6.25% +14.29%

Quantitative Developer
Job Vacancy Trend in London

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

Job vacancy trend for Quantitative Developer in London

Quantitative Developer
Contractor Daily Rate Trend in London

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

Contractor daily rate trend for Quantitative Developer in London

Quantitative Developer
Contractor Daily Rate Histogram in London

The daily rate distribution of IT jobs citing Quantitative Developer in London over the 6 months to 18 June 2018.

Contractor daily rate histogram for Quantitative Developer in London

Quantitative Developer
Contractor Hourly Rate Trend in London

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

Contractor hourly rate trend for Quantitative Developer in London

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 Quantitative Developer within the London region over the 6 months to 18 June 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 -25 47 £719 -0.86% 6
East London - 1 £1,000 -
Quantitative Developer
England

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

For the 6 months to 18 June 2018, Quantitative Developer contract jobs required the following IT skills in order of popularity. The figures indicate the absolute number co-occurrences and as a proportion of all contract job ads across the London region featuring Quantitative Developer in the job title.

1 114 (64.41%) C++
2 104 (58.76%) C#
3 102 (57.63%) Front Office
4 81 (45.76%) Finance
5 74 (41.81%) Derivative
6 71 (40.11%) Python
7 62 (35.03%) Mathematics
7 62 (35.03%) Quantitative Research
8 59 (33.33%) Analytics
9 51 (28.81%) Foreign Exchange (FX)
10 50 (28.25%) OO
11 48 (27.12%) Fixed Income
12 43 (24.29%) Java
13 38 (21.47%) OOP
14 37 (20.90%) Physics
15 34 (19.21%) Analytical Skills
16 31 (17.51%) PhD
17 30 (16.95%) Windows
18 28 (15.82%) Risk Analytics
19 26 (14.69%) Computer Science
20 25 (14.12%) Degree
20 25 (14.12%) Microsoft Excel
20 25 (14.12%) Quantitative Finance
21 24 (13.56%) Problem-Solving
21 24 (13.56%) SQL
22 22 (12.43%) SQL Server
23 20 (11.30%) VBA
23 20 (11.30%) Electronic Trading
24 18 (10.17%) Market Risk
25 17 (9.60%) Quantitative Analysis

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 1 (0.56%) Apache Spark
1 1 (0.56%) Elasticsearch
Applications
1 25 (14.12%) Microsoft Excel
2 8 (4.52%) Spreadsheet
Cloud Services
1 11 (6.21%) Cloud Computing
Database & Business Intelligence
1 22 (12.43%) SQL Server
2 10 (5.65%) MongoDB
3 8 (4.52%) NoSQL
4 3 (1.69%) KDB
4 3 (1.69%) Kdb+
5 1 (0.56%) Big Data
5 1 (0.56%) Hadoop
Development Applications
1 2 (1.13%) Subversion
2 1 (0.56%) Git (software)
2 1 (0.56%) JIRA
2 1 (0.56%) RStudio
General
1 102 (57.63%) Front Office
2 81 (45.76%) Finance
3 16 (9.04%) Banking
4 7 (3.95%) Financial Institution
4 7 (3.95%) Investment Banking
Libraries, Frameworks & Software Standards
1 11 (6.21%) .NET
2 6 (3.39%) HTML
3 5 (2.82%) WPF
4 4 (2.26%) NumPy
4 4 (2.26%) Pandas
4 4 (2.26%) SciPy
5 3 (1.69%) AngularJS
5 3 (1.69%) CSS
5 3 (1.69%) React
5 3 (1.69%) scikit-learn
5 3 (1.69%) SQLAlchemy
5 3 (1.69%) Vue (Vue.js)
6 2 (1.13%) Swing
7 1 (0.56%) .NET Framework
7 1 (0.56%) Boost C++ Libraries
7 1 (0.56%) D3.js
7 1 (0.56%) JavaFX
7 1 (0.56%) OpenCL
7 1 (0.56%) STL
Miscellaneous
1 74 (41.81%) Derivative
2 51 (28.81%) Foreign Exchange (FX)
3 48 (27.12%) Fixed Income
4 34 (19.21%) Analytical Skills
5 26 (14.69%) Computer Science
6 18 (10.17%) Market Risk
7 12 (6.78%) Algorithms
8 10 (5.65%) Swaptions
9 9 (5.08%) Interest Rate Derivative
10 8 (4.52%) Equity Derivative
11 7 (3.95%) Credit Derivative
11 7 (3.95%) Equities
12 6 (3.39%) Grid Computing
13 3 (1.69%) CUDA
13 3 (1.69%) Hedge funds
14 2 (1.13%) Credit Risk
15 1 (0.56%) Greenfield Project
Operating Systems
1 30 (16.95%) Windows
2 2 (1.13%) Linux
3 1 (0.56%) Unix
Processes & Methodologies
1 62 (35.03%) Mathematics
1 62 (35.03%) Quantitative Research
2 59 (33.33%) Analytics
3 50 (28.25%) OO
4 38 (21.47%) OOP
5 37 (20.90%) Physics
6 28 (15.82%) Risk Analytics
7 25 (14.12%) Quantitative Finance
8 24 (13.56%) Problem-Solving
9 20 (11.30%) Electronic Trading
10 17 (9.60%) Quantitative Analysis
10 17 (9.60%) Test Strategy
11 16 (9.04%) PnL Attribution
12 15 (8.47%) Risk Management
13 13 (7.34%) Multithreading
13 13 (7.34%) Release Management
14 12 (6.78%) Continuous Delivery
14 12 (6.78%) Stochastic Modelling
15 11 (6.21%) Project Management
16 9 (5.08%) TDD
Programming Languages
1 114 (64.41%) C++
2 104 (58.76%) C#
3 71 (40.11%) Python
4 43 (24.29%) Java
5 24 (13.56%) SQL
6 20 (11.30%) VBA
7 11 (6.21%) PowerShell
8 7 (3.95%) C
9 6 (3.39%) Ada
10 5 (2.82%) R
11 4 (2.26%) VB
12 3 (1.69%) MATLAB
13 2 (1.13%) C++/CLI
13 2 (1.13%) Java 8
14 1 (0.56%) Scala
14 1 (0.56%) Shell Script
Qualifications
1 31 (17.51%) PhD
2 25 (14.12%) Degree
3 14 (7.91%) Numerate Degree
4 3 (1.69%) Computer Science Degree
5 1 (0.56%) Master's Degree
Quality Assurance & Compliance
1 8 (4.52%) MiFID
2 2 (1.13%) EMIR
2 2 (1.13%) QA
2 2 (1.13%) SLA
3 1 (0.56%) Data Quality
3 1 (0.56%) IFRS
3 1 (0.56%) Solvency II
Systems Management
1 6 (3.39%) Control-M
Vendors
1 3 (1.69%) Oracle
2 2 (1.13%) Microsoft
3 1 (0.56%) Algorithmics
3 1 (0.56%) Bloomberg
3 1 (0.56%) Intel
3 1 (0.56%) Murex
3 1 (0.56%) Reuters