Period
to 22 November 2017

The median contractor rate for a Quantitative Developer was £650 per day in advertised job vacancies in London during the 6 months to 22 November 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
6 months to
22 Nov 2017
Same period 2016 Same period 2015
Rank 442 492 472
Rank change year-on-year +50 -20 +1
Contract jobs requiring a Quantitative Developer 199 116 142
As % of all contract IT jobs advertised in London 0.42% 0.26% 0.31%
As % of the Job Titles category 0.45% 0.27% 0.32%
Number of daily rates quoted 163 89 133
London median daily rate £650 £700 £650
Median daily rate % change year-on-year -7.14% +7.69% -
10th Percentile £525 £488 £475
90th Percentile £775 £938 £810
England median daily rate £650 £700 £650
% change year-on-year -7.14% +7.69% -
Number of hourly rates quoted 1 0 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 44704 42967 43917
% of contract IT jobs with a recognized job title 94.85% 94.99% 95.04%
Number of daily rates quoted 32366 30551 30963
London median daily rate £498 £460 £450
Median daily rate % change year-on-year +8.15% +2.22% +5.88%
10th Percentile £300 £288 £268
90th Percentile £663 £638 £638
England median daily rate £450 £425 £413
% change year-on-year +5.88% +3.03% +3.13%
Number of hourly rates quoted 554 561 677
London median hourly rate £20.47 £19.50 £18.85
Median hourly rate % change year-on-year +4.96% +3.48% +7.69%
10th Percentile £12.50 £11.50 £11.25
90th Percentile £47.83 £50.00 £47.83
England median hourly rate £18.50 £18.50 £18.00
% change year-on-year - +2.78% +9.09%

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 22 November 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 6 months to 22 November 2017. 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 +15 38 £721 +10.96% 4
East London - 1 £625 - 1
Quantitative Developer
England

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

For the 6 months to 22 November 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.

1 145 (72.86%) Finance
2 142 (71.36%) C++
3 108 (54.27%) Mathematics
4 91 (45.73%) C#
5 89 (44.72%) Front Office
6 85 (42.71%) Python
7 76 (38.19%) Analytics
8 66 (33.17%) Quantitative Research
9 60 (30.15%) Java
10 59 (29.65%) Foreign Exchange (FX)
11 55 (27.64%) PhD
12 51 (25.63%) Banking
13 50 (25.13%) Physics
14 49 (24.62%) Derivative
14 49 (24.62%) OO
14 49 (24.62%) Market Risk
15 35 (17.59%) Analytical Skills
16 33 (16.58%) Asset Management
17 31 (15.58%) Fixed Income
17 31 (15.58%) OOP
18 30 (15.08%) Investment Banking
19 28 (14.07%) Computer Science
20 26 (13.07%) Credit Risk
21 25 (12.56%) Financial Institution
22 24 (12.06%) Microsoft Excel
22 24 (12.06%) Front End Development
23 23 (11.56%) PnL Attribution
23 23 (11.56%) .NET
24 22 (11.06%) VBA
24 22 (11.06%) Electronic Trading

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 4 (2.01%) Cloud Foundry
2 3 (1.51%) CMS
3 2 (1.01%) Apache Spark
4 1 (0.50%) Confluence
Applications
1 24 (12.06%) Microsoft Excel
2 13 (6.53%) Spreadsheet
3 1 (0.50%) Doxygen
Business Applications
1 1 (0.50%) FINCAD Analytics
1 1 (0.50%) Summit
Cloud Services
1 4 (2.01%) Amazon AWS
1 4 (2.01%) Cloud Computing
1 4 (2.01%) Microsoft Azure
Communications & Networking
1 1 (0.50%) HTTP
Database & Business Intelligence
1 7 (3.52%) SQL Server
2 5 (2.51%) NoSQL
3 4 (2.01%) KDB
4 3 (1.51%) Hadoop
5 2 (1.01%) Big Data
5 2 (1.01%) HBase
6 1 (0.50%) Relational Database
6 1 (0.50%) SQL Server 2012
6 1 (0.50%) Tick Data
Development Applications
1 6 (3.02%) Subversion
2 5 (2.51%) Visual Studio
3 4 (2.01%) JIRA
4 2 (1.01%) Gradle
4 2 (1.01%) Jenkins
4 2 (1.01%) TeamCity
5 1 (0.50%) GCC
5 1 (0.50%) GDB
General
1 145 (72.86%) Finance
2 89 (44.72%) Front Office
3 51 (25.63%) Banking
4 30 (15.08%) Investment Banking
5 25 (12.56%) Financial Institution
6 2 (1.01%) International Banking
7 1 (0.50%) Legal
7 1 (0.50%) Pharmaceutical
7 1 (0.50%) Retail
7 1 (0.50%) Retail Banking
Libraries, Frameworks & Software Standards
1 23 (11.56%) .NET
2 21 (10.55%) AngularJS
2 21 (10.55%) Node.js
3 7 (3.52%) HTML
4 6 (3.02%) CSS
5 5 (2.51%) Middleware
6 4 (2.01%) Boost C++ Libraries
6 4 (2.01%) FIX Protocol
6 4 (2.01%) Rendezvous
6 4 (2.01%) REST
6 4 (2.01%) STL
6 4 (2.01%) Web Services
6 4 (2.01%) XML
6 4 (2.01%) XML-RPC
7 3 (1.51%) JNI
7 3 (1.51%) WPF
8 2 (1.01%) .NET Framework
8 2 (1.01%) ASP.NET
8 2 (1.01%) Entity Framework
8 2 (1.01%) Pandas
Miscellaneous
1 59 (29.65%) Foreign Exchange (FX)
2 49 (24.62%) Derivative
2 49 (24.62%) Market Risk
3 35 (17.59%) Analytical Skills
4 31 (15.58%) Fixed Income
5 28 (14.07%) Computer Science
6 26 (13.07%) Credit Risk
7 11 (5.53%) Fintech
8 10 (5.03%) Interest Rate Derivative
9 9 (4.52%) CUDA
10 7 (3.52%) Equities
11 4 (2.01%) Swaptions
12 3 (1.51%) Algorithms
12 3 (1.51%) Clustering
12 3 (1.51%) Grid Computing
12 3 (1.51%) VWAP
13 2 (1.01%) Credit Derivative
13 2 (1.01%) OTC Derivatives
14 1 (0.50%) Equity Derivative
14 1 (0.50%) Hedge funds
Operating Systems
1 16 (8.04%) Windows
2 8 (4.02%) Linux
3 4 (2.01%) Unix
4 3 (1.51%) Windows 7
Processes & Methodologies
1 108 (54.27%) Mathematics
2 76 (38.19%) Analytics
3 66 (33.17%) Quantitative Research
4 50 (25.13%) Physics
5 49 (24.62%) OO
6 33 (16.58%) Asset Management
7 31 (15.58%) OOP
8 24 (12.06%) Front End Development
9 23 (11.56%) PnL Attribution
10 22 (11.06%) Electronic Trading
11 20 (10.05%) Risk Analytics
12 19 (9.55%) Risk Management
12 19 (9.55%) Validation
13 18 (9.05%) Quantitative Finance
13 18 (9.05%) TDD
13 18 (9.05%) Test Strategy
14 15 (7.54%) Quantitative Trading
15 14 (7.04%) Machine Learning
16 11 (5.53%) Functional Programming
17 10 (5.03%) Multithreading
Programming Languages
1 142 (71.36%) C++
2 91 (45.73%) C#
3 85 (42.71%) Python
4 60 (30.15%) Java
5 22 (11.06%) VBA
6 21 (10.55%) JavaScript
7 14 (7.04%) Ada
7 14 (7.04%) SQL
8 7 (3.52%) R
9 4 (2.01%) VB
10 3 (1.51%) Groovy
11 2 (1.01%) C++/CLI
11 2 (1.01%) F#
11 2 (1.01%) Go
11 2 (1.01%) MATLAB
11 2 (1.01%) PowerShell
12 1 (0.50%) AWK
12 1 (0.50%) Shell Script
12 1 (0.50%) VB6
12 1 (0.50%) VBScript
Qualifications
1 55 (27.64%) PhD
2 21 (10.55%) Degree
3 8 (4.02%) Numerate Degree
4 2 (1.01%) Postgraduate
5 1 (0.50%) Computer Science Degree
5 1 (0.50%) Master's Degree
Quality Assurance & Compliance
1 13 (6.53%) MiFID
2 2 (1.01%) EMIR
3 1 (0.50%) Dodd-Frank
3 1 (0.50%) Sarbanes-Oxley
System Software
1 2 (1.01%) Apache ZooKeeper
2 1 (0.50%) HDFS
Vendors
1 5 (2.51%) Microsoft
2 4 (2.01%) TIBCO
3 3 (1.51%) Solace
4 2 (1.01%) Bloomberg
4 2 (1.01%) Murex
4 2 (1.01%) Reuters
5 1 (0.50%) QAD