Period
to 18 January 2018

The median contractor rate for a Quantitative Risk Analyst was £875 per day in advertised job vacancies in London during the 6 months to 18 January 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
18 Jan 2018
Same period 2017 Same period 2016
Rank 579 577 578
Rank change year-on-year -2 +1 +15
Contract jobs requiring a Quantitative Risk Analyst 51 25 9
As % of all contract IT jobs advertised in London 0.11% 0.060% 0.021%
As % of the Job Titles category 0.12% 0.063% 0.022%
Number of daily rates quoted 48 22 9
London median daily rate £875 £825 £700
Median daily rate % change year-on-year +6.06% +17.86% +16.67%
10th Percentile £738 £679 £535
90th Percentile £950 £925 £880
England median daily rate £875 £825 £700
% change year-on-year +6.06% +17.86% +7.69%
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 44,053 39,899 41,706
% of contract IT jobs with a recognized job title 94.75% 94.98% 95.15%
Number of daily rates quoted 32,029 28,436 29,402
London median daily rate £500 £465 £450
Median daily rate % change year-on-year +7.53% +3.33% +5.88%
10th Percentile £300 £300 £275
90th Percentile £669 £643 £638
England median daily rate £450 £425 £415
% change year-on-year +5.88% +2.41% +3.75%
Number of hourly rates quoted 570 559 641
London median hourly rate £19.57 £20.50 £19.00
Median hourly rate % change year-on-year -4.54% +7.89% +8.57%
10th Percentile £12.00 £11.77 £11.25
90th Percentile £47.83 £50.00 £47.83
England median hourly rate £18.30 £18.39 £18.50
% change year-on-year -0.48% -0.61% +12.12%

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 18 January 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 18 January 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 - 3 £700 - 1
Quantitative Risk Analyst
England

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

For the 6 months to 18 January 2018, Quantitative Risk Analyst 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 Risk Analyst in the job title.

1 46 (90.20%) C#
2 45 (88.24%) C++
3 32 (62.75%) Finance
4 30 (58.82%) Validation
4 30 (58.82%) Front Office
4 30 (58.82%) Derivative
4 30 (58.82%) Mathematics
4 30 (58.82%) Stochastic Modelling
5 29 (56.86%) Quantitative Finance
5 29 (56.86%) Physics
5 29 (56.86%) QA
6 28 (54.90%) Benchmarking
6 28 (54.90%) Internal Audit
7 27 (52.94%) Market Risk
8 20 (39.22%) Credit Risk
9 19 (37.25%) Credit Risk Modelling
10 18 (35.29%) Banking
10 18 (35.29%) Investment Banking
11 10 (19.61%) PnL Attribution
12 3 (5.88%) Stress Testing
13 2 (3.92%) Risk Management
13 2 (3.92%) MATLAB
13 2 (3.92%) SQL
13 2 (3.92%) Python
13 2 (3.92%) Degree
14 1 (1.96%) Data Analysis
14 1 (1.96%) Retail
14 1 (1.96%) Agile Software Development
14 1 (1.96%) Data Modelling
14 1 (1.96%) SAS

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:

Application Platforms
1 1 (1.96%) SAS
Database & Business Intelligence
1 1 (1.96%) Big Data
1 1 (1.96%) Hadoop
General
1 32 (62.75%) Finance
2 30 (58.82%) Front Office
3 18 (35.29%) Banking
3 18 (35.29%) Investment Banking
4 1 (1.96%) Back Office
4 1 (1.96%) Retail
Miscellaneous
1 30 (58.82%) Derivative
2 27 (52.94%) Market Risk
3 20 (39.22%) Credit Risk
4 1 (1.96%) Analytical Skills
Processes & Methodologies
1 30 (58.82%) Mathematics
1 30 (58.82%) Stochastic Modelling
1 30 (58.82%) Validation
2 29 (56.86%) Physics
2 29 (56.86%) Quantitative Finance
3 28 (54.90%) Benchmarking
3 28 (54.90%) Internal Audit
4 19 (37.25%) Credit Risk Modelling
5 10 (19.61%) PnL Attribution
6 3 (5.88%) Stress Testing
7 2 (3.92%) Risk Management
8 1 (1.96%) Agile Software Development
8 1 (1.96%) Data Analysis
8 1 (1.96%) Data Modelling
8 1 (1.96%) Machine Learning
8 1 (1.96%) Scenario Testing
8 1 (1.96%) Statistical Modelling
Programming Languages
1 46 (90.20%) C#
2 45 (88.24%) C++
3 2 (3.92%) MATLAB
3 2 (3.92%) Python
3 2 (3.92%) SQL
4 1 (1.96%) R
Qualifications
1 2 (3.92%) Degree
Quality Assurance & Compliance
1 29 (56.86%) QA