Quantitative Finance Contracts in London

Quantitative Finance (Mathematical Finance)
England > London

The following table provides summary statistics for contract job vacancies advertised in London with a requirement for Quantitative Finance skills. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Quantitative Finance over the 6 months to 2 May 2024 with a comparison to the same period in the previous 2 years.

6 months to
2 May 2024
Same period 2023 Same period 2022
Rank 364 471 575
Rank change year-on-year +107 +104 -116
Contract jobs citing Quantitative Finance 31 31 20
As % of all contract jobs advertised in London 0.17% 0.12% 0.051%
As % of the Processes & Methodologies category 0.20% 0.13% 0.056%
Number of daily rates quoted 24 21 16
10th Percentile £519 £625 £613
25th Percentile £803 £725 £644
Median daily rate (50th Percentile) £856 £800 £750
Median % change year-on-year +7.03% +6.67% -
75th Percentile £950 £875 £925
90th Percentile £1,085 £899 -
England median daily rate £856 £800 £750
% change year-on-year +7.03% +6.67% -

All Process and Methodology Skills
London

Quantitative Finance is in the Processes and Methodologies category. The following table is for comparison with the above and provides summary statistics for all contract job vacancies advertised in London with a requirement for process or methodology skills.

Contract vacancies with a requirement for process or methodology skills 15,770 24,518 35,943
As % of all contract IT jobs advertised in London 88.59% 91.07% 92.31%
Number of daily rates quoted 11,304 17,620 26,197
10th Percentile £338 £375 £390
25th Percentile £450 £475 £475
Median daily rate (50th Percentile) £550 £588 £575
Median % change year-on-year -6.38% +2.17% +9.52%
75th Percentile £675 £700 £688
90th Percentile £800 £800 £775
England median daily rate £525 £550 £538
% change year-on-year -4.55% +2.33% +8.59%
Number of hourly rates quoted 326 277 426
10th Percentile £16.00 £18.58 £17.21
25th Percentile £20.00 £22.50 £23.91
Median hourly rate £28.50 £38.75 £36.41
Median % change year-on-year -26.45% +6.43% +12.03%
75th Percentile £47.34 £62.50 £51.00
90th Percentile £66.25 £76.95 £67.81
England median hourly rate £36.00 £37.34 £24.30
% change year-on-year -3.59% +53.69% +1.23%

Quantitative Finance
Job Vacancy Trend in London

Job postings citing Quantitative Finance as a proportion of all IT jobs advertised in London.

Job vacancy trend for Quantitative Finance in London

Quantitative Finance
Contractor Daily Rate Trend in London

3-month moving average daily rate quoted in jobs citing Quantitative Finance in London.

Daily rate trend for Quantitative Finance in London

Quantitative Finance
Daily Rate Histogram in London

Daily rate distribution for jobs citing Quantitative Finance in London over the 6 months to 2 May 2024.

Daily rate histogram for Quantitative Finance in London

Quantitative Finance
Contractor Hourly Rate Trend in London

3-month moving average hourly rates quoted in jobs citing Quantitative Finance in London.

Hourly rate trend for Quantitative Finance in London

Quantitative Finance
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 Finance within the London region over the 6 months to 2 May 2024. 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
Jobs
Central London +47 3 £825 +10.00% 3
Quantitative Finance
England

Quantitative Finance
Co-occurring Skills and Capabilities in London by Category

The follow tables expand on the table above by listing co-occurrences grouped by category. The same employment type, locality and period is covered with up to 20 co-occurrences shown in each of the following categories:

Application Platforms
1 2 (6.45%) Apache
Applications
1 4 (12.90%) Microsoft Excel
Business Applications
1 1 (3.23%) Orchestrade
Cloud Services
1 1 (3.23%) AWS
Database & Business Intelligence
1 1 (3.23%) KDB
1 1 (3.23%) Relational Database
Development Applications
1 6 (19.35%) Visual Studio
2 4 (12.90%) Git
General
1 31 (100.00%) Finance
2 13 (41.94%) Banking
3 12 (38.71%) Investment Banking
4 10 (32.26%) Analytical Skills
5 8 (25.81%) Front Office
6 4 (12.90%) Social Skills
7 2 (6.45%) Corporate Banking
7 2 (6.45%) Retail
7 2 (6.45%) Retail Banking
8 1 (3.23%) Back Office
8 1 (3.23%) Financial Institution
Job Titles
1 14 (45.16%) Analyst
1 14 (45.16%) Developer
1 14 (45.16%) Qualitative Analyst
1 14 (45.16%) Quantitative Analyst
2 10 (32.26%) Quantitative Developer
3 4 (12.90%) Credit Analyst
4 3 (9.68%) C++ Developer
4 3 (9.68%) C++ Quantitative Developer
5 2 (6.45%) Analyst Developer
5 2 (6.45%) Developer Analyst
5 2 (6.45%) Python Developer
5 2 (6.45%) Quantitative Analyst Developer
5 2 (6.45%) Software Engineer
6 1 (3.23%) Consultant
6 1 (3.23%) Front Office C++ Developer
6 1 (3.23%) Front Office Developer
6 1 (3.23%) Graduate
6 1 (3.23%) Graduate Consultant
6 1 (3.23%) PHP Developer
6 1 (3.23%) Quantitative Consultant
Libraries, Frameworks & Software Standards
1 2 (6.45%) gRPC
1 2 (6.45%) NumPy
1 2 (6.45%) Pandas
1 2 (6.45%) REST
Miscellaneous
1 11 (35.48%) Derivative
2 7 (22.58%) Algorithms
2 7 (22.58%) Distributed Computing
3 6 (19.35%) Credit Derivative
3 6 (19.35%) Equities
4 5 (16.13%) Fixed Income
4 5 (16.13%) Hedge funds
5 4 (12.90%) Foreign Exchange (FX)
6 3 (9.68%) Credit Risk
7 2 (6.45%) Data Structures
7 2 (6.45%) Distributed Systems
7 2 (6.45%) Equity Derivative
8 1 (3.23%) Market Risk
Operating Systems
1 5 (16.13%) Linux
2 4 (12.90%) Unix
2 4 (12.90%) Windows
Processes & Methodologies
1 17 (54.84%) Mathematics
2 14 (45.16%) Physics
3 9 (29.03%) Analytics
3 9 (29.03%) Computer Science
4 8 (25.81%) Statistics
5 6 (19.35%) Analytical Modelling
5 6 (19.35%) Model Validation
5 6 (19.35%) Numerical Analysis
6 5 (16.13%) Collaborative Culture
7 4 (12.90%) Data Analytics
7 4 (12.90%) Mathematical Modelling
8 3 (9.68%) Agile
8 3 (9.68%) Backtesting
8 3 (9.68%) OO
8 3 (9.68%) Validation
9 2 (6.45%) Data Analysis
9 2 (6.45%) Econometrics
9 2 (6.45%) OOD
9 2 (6.45%) Risk Management
9 2 (6.45%) TDD
Programming Languages
1 26 (83.87%) Python
2 21 (67.74%) C++
3 8 (25.81%) C#
3 8 (25.81%) Java
3 8 (25.81%) R
4 5 (16.13%) Shell Script
5 4 (12.90%) Perl
5 4 (12.90%) VBA
6 3 (9.68%) PHP
6 3 (9.68%) SQL
Qualifications
1 22 (70.97%) Degree
2 14 (45.16%) Numerate Degree
3 7 (22.58%) Master's Degree
3 7 (22.58%) PhD
4 2 (6.45%) Computer Science Degree
System Software
1 2 (6.45%) Docker
Systems Management
1 2 (6.45%) Kubernetes
Vendors
1 1 (3.23%) Oracle