Period
to 18 December 2018

The median contractor rate for a Quantitative Developer was £700 per day in advertised job vacancies in London during the 6 months to 18 December 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 Dec 2018
Same period 2017 Same period 2016
Rank 442 445 496
Rank change year-on-year +3 +51 -21
Contract jobs requiring a Quantitative Developer 188 211 115
As % of all contract IT jobs advertised in London 0.40% 0.44% 0.26%
As % of the Job Titles category 0.42% 0.47% 0.27%
Number of daily rates quoted 173 178 93
London median daily rate £700 £650 £725
Median daily rate % change year-on-year +7.69% -10.34% +11.54%
10th Percentile £525 £555 £474
90th Percentile £850 £775 £935
England median daily rate £700 £650 £725
% change year-on-year +7.69% -10.34% +11.54%
Number of hourly rates quoted 0 1 0
London median hourly rate - £35.50 -
England median hourly rate - £35.50 -

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 44,275 45,134 41,925
% of contract IT jobs with a recognized job title 94.68% 94.93% 94.95%
Number of daily rates quoted 31,976 32,797 29,798
London median daily rate £500 £500 £463
Median daily rate % change year-on-year - +8.11% +2.78%
10th Percentile £313 £300 £299
90th Percentile £675 £669 £638
England median daily rate £462 £450 £425
% change year-on-year +2.67% +5.88% +3.03%
Number of hourly rates quoted 598 556 562
London median hourly rate £20.00 £20.00 £19.56
Median hourly rate % change year-on-year - +2.26% +2.77%
10th Percentile £12.75 £12.00 £11.40
90th Percentile £53.75 £47.83 £50.00
England median hourly rate £18.69 £18.70 £18.00
% change year-on-year -0.05% +3.89% -

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 December 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 December 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 -24 33 £725 +3.57% 9
Quantitative Developer
England

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

For the 6 months to 18 December 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.

1 122 (64.89%) Finance
2 105 (55.85%) C++
3 104 (55.32%) Derivative
4 101 (53.72%) Python
5 77 (40.96%) OO
6 70 (37.23%) Mathematics
7 66 (35.11%) Banking
7 66 (35.11%) Front Office
8 61 (32.45%) C#
9 54 (28.72%) Foreign Exchange (FX)
10 52 (27.66%) OOD
11 48 (25.53%) Hedge funds
12 47 (25.00%) Analytics
13 40 (21.28%) SQL
14 37 (19.68%) Investment Management
15 36 (19.15%) Fixed Income
15 36 (19.15%) PhD
16 35 (18.62%) Degree
17 33 (17.55%) Oracle
18 30 (15.96%) Time Series Analysis
18 30 (15.96%) Microservices
18 30 (15.96%) .NET
18 30 (15.96%) Stakeholder Management
19 29 (15.43%) Credit Derivative
19 29 (15.43%) Backtesting
20 28 (14.89%) Algorithms
21 25 (13.30%) TDD
21 25 (13.30%) Investment Banking
22 23 (12.23%) Risk Management
22 23 (12.23%) Linux

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 18 (9.57%) IPython
2 4 (2.13%) Cloud Foundry
3 2 (1.06%) Apache Spark
4 1 (0.53%) Confluence
4 1 (0.53%) SAS
Applications
1 14 (7.45%) Microsoft Excel
1 14 (7.45%) Spreadsheet
2 1 (0.53%) LaTeX
Cloud Services
1 14 (7.45%) Amazon AWS
1 14 (7.45%) Microsoft Azure
Communications & Networking
1 1 (0.53%) AMQP
Database & Business Intelligence
1 17 (9.04%) SQL Server
2 2 (1.06%) Apache Hive
2 2 (1.06%) Data Warehouse
2 2 (1.06%) Hadoop
2 2 (1.06%) Impala
2 2 (1.06%) Oracle Database
2 2 (1.06%) Oracle Database 12c
3 1 (0.53%) KDB
3 1 (0.53%) NoSQL
3 1 (0.53%) Oracle Reports
3 1 (0.53%) Relational Database
Development Applications
1 10 (5.32%) JIRA
2 6 (3.19%) Git (software)
3 4 (2.13%) Subversion
4 1 (0.53%) TeamCity
General
1 122 (64.89%) Finance
2 66 (35.11%) Banking
2 66 (35.11%) Front Office
3 25 (13.30%) Investment Banking
4 6 (3.19%) Financial Institution
5 1 (0.53%) Greek Language
Libraries, Frameworks & Software Standards
1 30 (15.96%) .NET
2 20 (10.64%) NumPy
2 20 (10.64%) Pandas
3 18 (9.57%) Flask
4 14 (7.45%) ASP.NET
4 14 (7.45%) ASP.NET Core
5 3 (1.60%) HTML
6 2 (1.06%) FIX Protocol
6 2 (1.06%) JSON
6 2 (1.06%) PySpark
7 1 (0.53%) AngularJS
7 1 (0.53%) React
7 1 (0.53%) REST
7 1 (0.53%) RESTful
7 1 (0.53%) SciPy
Miscellaneous
1 104 (55.32%) Derivative
2 54 (28.72%) Foreign Exchange (FX)
3 48 (25.53%) Hedge funds
4 36 (19.15%) Fixed Income
5 29 (15.43%) Credit Derivative
6 28 (14.89%) Algorithms
7 23 (12.23%) Data Structures
8 18 (9.57%) Client/Server
8 18 (9.57%) Market Risk
9 7 (3.72%) Interest Rate Derivative
10 5 (2.66%) OTC Derivatives
11 4 (2.13%) Analytical Skills
11 4 (2.13%) CUDA
11 4 (2.13%) Equities
12 2 (1.06%) Credit Risk
13 1 (0.53%) Fintech
13 1 (0.53%) Greenfield Project
Operating Systems
1 23 (12.23%) Linux
2 3 (1.60%) Windows
Processes & Methodologies
1 77 (40.96%) OO
2 70 (37.23%) Mathematics
3 52 (27.66%) OOD
4 47 (25.00%) Analytics
5 37 (19.68%) Investment Management
6 30 (15.96%) Microservices
6 30 (15.96%) Stakeholder Management
6 30 (15.96%) Time Series Analysis
7 29 (15.43%) Backtesting
8 25 (13.30%) TDD
9 23 (12.23%) Risk Management
10 22 (11.70%) Agile Software Development
11 21 (11.17%) Continuous Integration
12 18 (9.57%) Automated Trading
13 15 (7.98%) Quantitative Finance
13 15 (7.98%) Quantitative Research
14 14 (7.45%) Data Conversion
14 14 (7.45%) Monte Carlo Method
14 14 (7.45%) MVC
15 11 (5.85%) Workflow
Programming Languages
1 105 (55.85%) C++
2 101 (53.72%) Python
3 61 (32.45%) C#
4 40 (21.28%) SQL
5 20 (10.64%) VBA
6 18 (9.57%) Cython
7 17 (9.04%) Java
8 6 (3.19%) R
9 4 (2.13%) Ada
10 3 (1.60%) PL/SQL
11 2 (1.06%) Haskell
11 2 (1.06%) Perl
11 2 (1.06%) Shell Script
12 1 (0.53%) VB
Qualifications
1 36 (19.15%) PhD
2 35 (18.62%) Degree
3 16 (8.51%) Numerate Degree
4 8 (4.26%) Master's Degree
5 1 (0.53%) CFA
Quality Assurance & Compliance
1 4 (2.13%) QA
2 1 (0.53%) EMIR
System Software
1 2 (1.06%) HDFS
Vendors
1 33 (17.55%) Oracle
2 1 (0.53%) Cognizant