The median contractor rate for a Quantitative Developer was £638 per day in advertised job vacancies in London during the 3 months to 27 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 Developer
England / London
3 months to
27 Jun 2017
Same period 2016 Same period 2015
Rank 346 387 398
Rank change year-on-year +41 +11  
Contract jobs requiring a Quantitative Developer 78 40 36
As % of all contract IT jobs advertised in London 0.37% 0.18% 0.16%
As % of the Job Titles category 0.39% 0.19% 0.17%
Number of daily rates quoted 66 31 34
Median daily rate £638 £650 £625
Median daily rate % change year-on-year -1.92% +4.00%  
90% offered a daily rate of more than £550 £463 £550
10% offered a daily rate of more than £750 £725 £700
UK excluding London median daily rate £675 - £613
Number of hourly rates quoted 1 1 0
Median hourly rate £40.00 £80.00 -
Median hourly rate % change year-on-year -50.00% -  
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 19752 20748 21808
As % of all contract IT job vacancies advertised in London 94.88% 95.27% 94.67%
Number of daily rates quoted 14071 15056 15231
Median daily rate £500 £463 £440
Median daily rate % change year-on-year +8.10% +5.11%  
90% offered a daily rate of more than £315 £298 £275
10% offered a daily rate of more than £650 £625 £601
UK excluding London median daily rate £400 £400 £370
% change year-on-year - +8.10%  
Number of hourly rates quoted 251 228 364
Median hourly rate £19.82 £17.89 £19.61
Median hourly rate % change year-on-year +10.81% -8.78%  
90% offered a hourly rate of more than £12.50 £11.85 £11.00
10% offered a hourly rate of more than £47.00 £42.60 £52.17
UK excluding London median hourly rate £17.50 £17.50 £16.14
% change year-on-year - +8.42%  

Quantitative Developer
Job Vacancy Trend in London

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

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 3 months to 27 June 2017.

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 3 months to 27 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 -1 7 £750 +15.38% 2
Mayfair - 1 £1,250 -
Quantitative Developer
England

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

For the 6 months to 27 June 2017, 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 Quantitative Developer in the job title.

1 129 (72.07%) C++
2 88 (49.16%) Front Office
3 85 (47.49%) Finance
4 79 (44.13%) Python
5 68 (37.99%) C#
6 66 (36.87%) Banking
7 65 (36.31%) Mathematics
8 60 (33.52%) PhD
9 49 (27.37%) Quantitative Research
9 49 (27.37%) Investment Banking
10 47 (26.26%) Foreign Exchange (FX)
10 47 (26.26%) Windows
11 40 (22.35%) Computer Science
12 39 (21.79%) Fixed Income
13 38 (21.23%) Linux
14 37 (20.67%) Agile Software Development
15 35 (19.55%) Java
16 32 (17.88%) Derivative
16 32 (17.88%) Market Risk
17 31 (17.32%) SQL
17 31 (17.32%) Analytics
18 26 (14.53%) Analytical Skills
19 24 (13.41%) Risk Management
19 24 (13.41%) Spreadsheet
20 23 (12.85%) .NET
21 22 (12.29%) Release Management
22 21 (11.73%) Monte Carlo Method
22 21 (11.73%) Degree
23 20 (11.17%) Tick Data
24 19 (10.61%) Quantitative Finance

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 10 (5.59%) CMS
2 4 (2.23%) Cloud Foundry
3 3 (1.68%) Apache Spark
4 1 (0.56%) Confluence
Applications
1 24 (13.41%) Spreadsheet
2 15 (8.38%) Microsoft Excel
Business Applications
1 4 (2.23%) FINCAD Analytics
2 1 (0.56%) ION MarketView
Cloud Services
1 4 (2.23%) Amazon AWS
1 4 (2.23%) Cloud Computing
1 4 (2.23%) Microsoft Azure
Communications & Networking
1 1 (0.56%) FIX Connectivity
Database & Business Intelligence
1 20 (11.17%) Tick Data
2 8 (4.47%) SQL Server
3 4 (2.23%) Hadoop
3 4 (2.23%) NoSQL
4 3 (1.68%) Big Data
4 3 (1.68%) Data Warehouse
4 3 (1.68%) HBase
4 3 (1.68%) SQL Server 2008
5 2 (1.12%) Oracle Database
5 2 (1.12%) Oracle Database 12c
6 1 (0.56%) Data Lake
6 1 (0.56%) KDB
Development Applications
1 19 (10.61%) Subversion
2 14 (7.82%) JIRA
3 10 (5.59%) TeamCity
4 2 (1.12%) Visual Studio
General
1 88 (49.16%) Front Office
2 85 (47.49%) Finance
3 66 (36.87%) Banking
4 49 (27.37%) Investment Banking
5 10 (5.59%) Financial Institution
6 8 (4.47%) Retail
7 2 (1.12%) French Language
8 1 (0.56%) Legal
8 1 (0.56%) Marketing
Libraries, Frameworks & Software Standards
1 23 (12.85%) .NET
2 17 (9.50%) XML
3 12 (6.70%) Boost C++ Libraries
3 12 (6.70%) STL
4 6 (3.35%) JNI
5 5 (2.79%) REST
5 5 (2.79%) XSD
6 4 (2.23%) AngularJS
6 4 (2.23%) CSS
6 4 (2.23%) HTML
6 4 (2.23%) Node.js
6 4 (2.23%) Web Services
6 4 (2.23%) XML-RPC
7 3 (1.68%) FIX Protocol
8 2 (1.12%) FpML
9 1 (0.56%) COM
9 1 (0.56%) NumPy
9 1 (0.56%) Pandas
9 1 (0.56%) SciPy
9 1 (0.56%) XSLT
Miscellaneous
1 47 (26.26%) Foreign Exchange (FX)
2 40 (22.35%) Computer Science
3 39 (21.79%) Fixed Income
4 32 (17.88%) Derivative
4 32 (17.88%) Market Risk
5 26 (14.53%) Analytical Skills
6 18 (10.06%) Algorithms
7 14 (7.82%) Credit Risk
8 11 (6.15%) CUDA
9 10 (5.59%) Interest Rate Derivative
9 10 (5.59%) Management Information System
9 10 (5.59%) Swaptions
10 7 (3.91%) Equities
11 6 (3.35%) Fintech
12 3 (1.68%) Credit Derivative
12 3 (1.68%) Hedge funds
13 2 (1.12%) Greenfield Project
13 2 (1.12%) Grid Computing
14 1 (0.56%) Equity Derivative
14 1 (0.56%) OTC Derivatives
Operating Systems
1 47 (26.26%) Windows
2 38 (21.23%) Linux
3 4 (2.23%) Unix
4 2 (1.12%) Windows 7
Processes & Methodologies
1 65 (36.31%) Mathematics
2 49 (27.37%) Quantitative Research
3 37 (20.67%) Agile Software Development
4 31 (17.32%) Analytics
5 24 (13.41%) Risk Management
6 22 (12.29%) Release Management
7 21 (11.73%) Monte Carlo Method
8 19 (10.61%) Quantitative Finance
8 19 (10.61%) TDD
9 17 (9.50%) Memory Management
9 17 (9.50%) Physics
9 17 (9.50%) PnL Attribution
10 16 (8.94%) OO
11 15 (8.38%) Multithreading
12 14 (7.82%) OOP
12 14 (7.82%) Risk Analytics
13 12 (6.70%) Asset Management
13 12 (6.70%) Validation
14 11 (6.15%) Migration
14 11 (6.15%) SDLC
Programming Languages
1 129 (72.07%) C++
2 79 (44.13%) Python
3 68 (37.99%) C#
4 35 (19.55%) Java
5 31 (17.32%) SQL
6 11 (6.15%) VBA
7 10 (5.59%) R
8 6 (3.35%) MATLAB
9 5 (2.79%) C
10 4 (2.23%) JavaScript
11 3 (1.68%) PL/SQL
11 3 (1.68%) Scala
12 1 (0.56%) VC++
Qualifications
1 60 (33.52%) PhD
2 21 (11.73%) Degree
3 9 (5.03%) Numerate Degree
4 1 (0.56%) MBA
Quality Assurance & Compliance
1 10 (5.59%) QA
2 5 (2.79%) MiFID
3 1 (0.56%) Basel III
System Software
1 3 (1.68%) Apache ZooKeeper
1 3 (1.68%) HDFS
Vendors
1 17 (9.50%) Bloomberg
2 16 (8.94%) Microsoft
3 15 (8.38%) Reuters
4 5 (2.79%) Oracle
5 2 (1.12%) FactSet
6 1 (0.56%) ION Trading
6 1 (0.56%) Solace
6 1 (0.56%) Sybase
London
TEKsystems
Rate: £600 - £700 per day
Posted: Yesterday
London
Hays London City Cheapside
Rate: £650.00 - £730.00 per day
Posted: 6 days ago