Period
to 23 September 2018

The median contractor rate for a Quantitative Developer was £700 per day in advertised job vacancies in London during the 6 months to 23 September 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
23 Sep 2018
Same period 2017 Same period 2016
Rank 486 424 524
Rank change year-on-year -62 +100 -32
Contract jobs requiring a Quantitative Developer 143 189 97
As % of all contract IT jobs advertised in London 0.32% 0.43% 0.22%
As % of the Job Titles category 0.33% 0.45% 0.23%
Number of daily rates quoted 133 153 76
London median daily rate £700 £650 £669
Median daily rate % change year-on-year +7.69% -2.80% +2.88%
10th Percentile £525 £525 £450
90th Percentile £850 £775 £875
England median daily rate £700 £650 £663
% change year-on-year +7.69% -1.89% +1.92%
Number of hourly rates quoted 0 2 1
London median hourly rate - £37.75 £80.00
Median hourly rate % change year-on-year - -52.81% -
England median hourly rate - £37.75 £80.00
% change year-on-year - -52.81% -

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 42,708 41,772 42,659
% of contract IT jobs with a recognized job title 94.62% 95.00% 95.18%
Number of daily rates quoted 30,877 30,020 30,613
London median daily rate £500 £488 £450
Median daily rate % change year-on-year +2.56% +8.33% -
10th Percentile £313 £305 £285
90th Percentile £675 £650 £638
England median daily rate £450 £450 £425
% change year-on-year - +5.88% +6.25%
Number of hourly rates quoted 595 517 513
London median hourly rate £19.25 £21.00 £18.94
Median hourly rate % change year-on-year -8.33% +10.91% -0.34%
10th Percentile £13.00 £12.52 £10.75
90th Percentile £52.50 £48.75 £50.00
England median hourly rate £18.00 £18.70 £19.00
% change year-on-year -3.74% -1.58% +8.57%

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 23 September 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 23 September 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 -22 30 £750 - 11
Quantitative Developer
England

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

For the 6 months to 23 September 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 87 (60.84%) Finance
1 87 (60.84%) Derivative
2 84 (58.74%) C++
3 72 (50.35%) Python
4 64 (44.76%) Front Office
5 59 (41.26%) C#
6 54 (37.76%) Foreign Exchange (FX)
7 53 (37.06%) OO
8 47 (32.87%) Mathematics
9 42 (29.37%) Banking
10 37 (25.87%) Fixed Income
11 36 (25.17%) Analytics
12 30 (20.98%) OOD
13 28 (19.58%) Quantitative Research
14 26 (18.18%) Time Series Analysis
14 26 (18.18%) Stakeholder Management
14 26 (18.18%) Degree
15 25 (17.48%) Investment Management
15 25 (17.48%) Oracle
15 25 (17.48%) Microservices
16 24 (16.78%) PhD
17 18 (12.59%) Quantitative Finance
17 18 (12.59%) SQL
18 16 (11.19%) SQL Server
18 16 (11.19%) Physics
19 15 (10.49%) Analytical Skills
20 14 (9.79%) Windows
21 13 (9.09%) Java
21 13 (9.09%) Market Risk
22 12 (8.39%) VBA

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 (2.80%) Cloud Foundry
2 3 (2.10%) IPython
3 1 (0.70%) Apache Spark
3 1 (0.70%) Elasticsearch
3 1 (0.70%) SAS
Applications
1 12 (8.39%) Microsoft Excel
2 4 (2.80%) Spreadsheet
Cloud Services
1 5 (3.50%) Cloud Computing
2 4 (2.80%) Amazon AWS
2 4 (2.80%) Microsoft Azure
Database & Business Intelligence
1 16 (11.19%) SQL Server
2 7 (4.90%) MongoDB
3 6 (4.20%) NoSQL
4 4 (2.80%) KDB
5 3 (2.10%) Kdb+
6 1 (0.70%) Apache Hive
6 1 (0.70%) Hadoop
6 1 (0.70%) Impala
Development Applications
1 2 (1.40%) Git (software)
2 1 (0.70%) Subversion
General
1 87 (60.84%) Finance
2 64 (44.76%) Front Office
3 42 (29.37%) Banking
4 11 (7.69%) Investment Banking
5 8 (5.59%) Financial Institution
Libraries, Frameworks & Software Standards
1 12 (8.39%) .NET
2 7 (4.90%) NumPy
2 7 (4.90%) Pandas
3 4 (2.80%) ASP.NET
3 4 (2.80%) ASP.NET Core
4 3 (2.10%) AngularJS
4 3 (2.10%) Flask
4 3 (2.10%) HTML
4 3 (2.10%) React
4 3 (2.10%) scikit-learn
4 3 (2.10%) SciPy
4 3 (2.10%) SQLAlchemy
4 3 (2.10%) Vue.js
5 1 (0.70%) .NET Framework
5 1 (0.70%) Boost C++ Libraries
5 1 (0.70%) D3.js
5 1 (0.70%) OpenCL
5 1 (0.70%) PySpark
5 1 (0.70%) STL
Miscellaneous
1 87 (60.84%) Derivative
2 54 (37.76%) Foreign Exchange (FX)
3 37 (25.87%) Fixed Income
4 15 (10.49%) Analytical Skills
5 13 (9.09%) Market Risk
6 11 (7.69%) Credit Derivative
7 10 (6.99%) Hedge funds
8 8 (5.59%) Algorithms
9 7 (4.90%) Interest Rate Derivative
9 7 (4.90%) Swaptions
10 6 (4.20%) Computer Science
10 6 (4.20%) Equity Derivative
11 4 (2.80%) Data Structures
12 3 (2.10%) Client/Server
13 2 (1.40%) CUDA
13 2 (1.40%) Equities
13 2 (1.40%) OTC Derivatives
14 1 (0.70%) Greenfield Project
14 1 (0.70%) Grid Computing
Operating Systems
1 14 (9.79%) Windows
2 4 (2.80%) Linux
Processes & Methodologies
1 53 (37.06%) OO
2 47 (32.87%) Mathematics
3 36 (25.17%) Analytics
4 30 (20.98%) OOD
5 28 (19.58%) Quantitative Research
6 26 (18.18%) Stakeholder Management
6 26 (18.18%) Time Series Analysis
7 25 (17.48%) Investment Management
7 25 (17.48%) Microservices
8 18 (12.59%) Quantitative Finance
9 16 (11.19%) Physics
10 11 (7.69%) Risk Analytics
11 10 (6.99%) Risk Management
12 8 (5.59%) Continuous Delivery
12 8 (5.59%) OOP
12 8 (5.59%) Quantitative Analysis
13 7 (4.90%) Continuous Integration
13 7 (4.90%) TDD
14 6 (4.20%) Statistical Analysis
14 6 (4.20%) Statistics
Programming Languages
1 84 (58.74%) C++
2 72 (50.35%) Python
3 59 (41.26%) C#
4 18 (12.59%) SQL
5 13 (9.09%) Java
6 12 (8.39%) VBA
7 9 (6.29%) R
8 7 (4.90%) PowerShell
9 5 (3.50%) C
10 4 (2.80%) Ada
11 3 (2.10%) Cython
11 3 (2.10%) MATLAB
12 1 (0.70%) Java 8
12 1 (0.70%) VB
Qualifications
1 26 (18.18%) Degree
2 24 (16.78%) PhD
3 9 (6.29%) Numerate Degree
4 5 (3.50%) Master's Degree
5 1 (0.70%) Computer Science Degree
Quality Assurance & Compliance
1 2 (1.40%) SLA
2 1 (0.70%) EMIR
System Software
1 1 (0.70%) HDFS
Systems Management
1 6 (4.20%) Control-M
Vendors
1 25 (17.48%) Oracle
2 1 (0.70%) Cognizant
2 1 (0.70%) Intel