Period
to 19 June 2018

The median contractor rate for a Quantitative Risk Analyst was £675 per day in advertised job vacancies in London during the 6 months to 19 June 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.

Quantitative Risk Analyst
England > London
6 months to
19 Jun 2018
Same period 2017 Same period 2016
Rank 601 567 557
Rank change year-on-year -34 -10 +35
Contract jobs requiring a Quantitative Risk Analyst 24 3 38
As % of all contract IT jobs advertised in London 0.053% 0.008% 0.088%
As % of the Job Titles category 0.056% 0.008% 0.092%
Number of daily rates quoted 12 1 30
London median daily rate £675 £825 £638
Median daily rate % change year-on-year -18.18% +29.41% +15.91%
10th Percentile £425 £738 £475
90th Percentile £895 £913 £825
England median daily rate £675 £825 £638
% change year-on-year -18.18% +29.41% +15.91%
Number of hourly rates quoted 0 0 0
London median hourly rate - - -
England median hourly rate - - -

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 42,561 37,737 41,336
% of contract IT jobs with a recognized job title 94.79% 95.08% 95.26%
Number of daily rates quoted 30,754 26,902 29,792
London median daily rate £500 £475 £450
Median daily rate % change year-on-year +5.26% +5.56% +2.86%
10th Percentile £313 £305 £281
90th Percentile £675 £650 £638
England median daily rate £450 £435 £425
% change year-on-year +3.45% +2.35% +6.25%
Number of hourly rates quoted 662 492 519
London median hourly rate £21.50 £22.00 £18.99
Median hourly rate % change year-on-year -2.27% +15.88% -3.70%
10th Percentile £13.00 £12.50 £10.50
90th Percentile £50.00 £51.25 £46.75
England median hourly rate £18.50 £18.70 £20.00
% change year-on-year -1.07% -6.49% +14.27%

Quantitative Risk Analyst
Job Vacancy Trend in London

Job postings that featured Quantitative Risk Analyst in the job title as a percentage of all IT jobs advertised in London.

Job vacancy trend for Quantitative Risk Analyst in London

Quantitative Risk Analyst
Contractor Daily Rate Trend in London

This chart provides the 3-month moving average for daily rates quoted in contract jobs citing Quantitative Risk Analyst in London.

Contractor daily rate trend for Quantitative Risk Analyst in London

Quantitative Risk Analyst
Contractor Daily Rate Histogram in London

The daily rate distribution of IT jobs citing Quantitative Risk Analyst in London over the 6 months to 19 June 2018.

Contractor daily rate histogram for Quantitative Risk Analyst in London

Quantitative Risk Analyst
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 Risk Analyst within the London region over the 6 months to 19 June 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 - 2 £875 - 1
Quantitative Risk Analyst
England

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

For the 6 months to 19 June 2018, Quantitative Risk Analyst 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 Risk Analyst in the job title.

1 20 (83.33%) Validation
2 16 (66.67%) Credit Risk
3 15 (62.50%) Front Office
4 14 (58.33%) MATLAB
5 13 (54.17%) Stress Testing
5 13 (54.17%) Degree
6 9 (37.50%) Finance
7 6 (25.00%) Market Risk
8 5 (20.83%) Banking
8 5 (20.83%) VBA
8 5 (20.83%) Python
9 4 (16.67%) Derivative
9 4 (16.67%) R
10 3 (12.50%) Analytics
10 3 (12.50%) Blockchain
10 3 (12.50%) Credit Risk Modelling
10 3 (12.50%) Mathematics
10 3 (12.50%) Quantitative Analysis
10 3 (12.50%) C#
10 3 (12.50%) C++
10 3 (12.50%) Change Management
11 2 (8.33%) Microsoft Excel
11 2 (8.33%) PhD
11 2 (8.33%) Foreign Exchange (FX)
11 2 (8.33%) Bloomberg
11 2 (8.33%) Fixed Income
11 2 (8.33%) Physics
11 2 (8.33%) Risk Analytics
12 1 (4.17%) Data Analytics
12 1 (4.17%) Probability Theory

Quantitative Risk Analyst 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:

Applications
1 2 (8.33%) Microsoft Excel
Database & Business Intelligence
1 3 (12.50%) Blockchain
2 1 (4.17%) MongoDB
Development Applications
1 1 (4.17%) RStudio
General
1 15 (62.50%) Front Office
2 9 (37.50%) Finance
3 5 (20.83%) Banking
4 1 (4.17%) Financial Institution
4 1 (4.17%) Investment Banking
Miscellaneous
1 16 (66.67%) Credit Risk
2 6 (25.00%) Market Risk
3 4 (16.67%) Derivative
4 2 (8.33%) Fixed Income
4 2 (8.33%) Foreign Exchange (FX)
5 1 (4.17%) Analytical Skills
5 1 (4.17%) Equities
5 1 (4.17%) Hedge funds
5 1 (4.17%) Swaptions
Processes & Methodologies
1 20 (83.33%) Validation
2 13 (54.17%) Stress Testing
3 3 (12.50%) Analytics
3 3 (12.50%) Change Management
3 3 (12.50%) Credit Risk Modelling
3 3 (12.50%) Mathematics
3 3 (12.50%) Quantitative Analysis
4 2 (8.33%) Physics
4 2 (8.33%) Risk Analytics
5 1 (4.17%) Credit Risk Analytics
5 1 (4.17%) Data Analytics
5 1 (4.17%) Financial Analysis
5 1 (4.17%) Historical Simulation
5 1 (4.17%) Monte Carlo Method
5 1 (4.17%) Numerical Analysis
5 1 (4.17%) Probability Theory
5 1 (4.17%) Problem-Solving
5 1 (4.17%) Risk Management
5 1 (4.17%) Statistics
Programming Languages
1 14 (58.33%) MATLAB
2 5 (20.83%) Python
2 5 (20.83%) VBA
3 4 (16.67%) R
4 3 (12.50%) C#
4 3 (12.50%) C++
5 1 (4.17%) Java
5 1 (4.17%) SQL
Qualifications
1 13 (54.17%) Degree
2 2 (8.33%) PhD
3 1 (4.17%) Master's Degree
Quality Assurance & Compliance
1 1 (4.17%) IFRS
1 1 (4.17%) Solvency II
Vendors
1 2 (8.33%) Bloomberg
2 1 (4.17%) Reuters