Quantitative Developer Contracts in London

Quant Developer
England > London

The median Quant Developer daily rate in London is £900 according to job vacancies posted during the 6 months to 5 May 2024.

The first table below provides contractor rate benchmarking and summary statistics including a comparison to same period in the previous 2 years.

6 months to
5 May 2024
Same period 2023 Same period 2022
Rank 291 382 502
Rank change year-on-year +91 +120 -157
Contract jobs requiring a Quantitative Developer 97 120 106
As % of all contract jobs advertised in London 0.55% 0.45% 0.27%
As % of the Job Titles category 0.59% 0.47% 0.29%
Number of daily rates quoted 79 82 94
10th Percentile £688 £675 £675
25th Percentile £763 £758 £688
Median daily rate (50th Percentile) £900 £850 £750
Median % change year-on-year +5.88% +13.33% +7.14%
75th Percentile £1,069 £950 £875
90th Percentile £1,250 £1,000 £925
England median daily rate £900 £860 £750
% change year-on-year +4.65% +14.67% +7.14%

All Contract IT Job Vacancies
London

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.

Contract vacancies in London with a recognized job title 16,501 25,472 37,134
% of contract IT jobs with a recognized job title 93.24% 95.25% 95.34%
Number of daily rates quoted 11,931 18,450 27,143
10th Percentile £325 £363 £375
25th Percentile £443 £463 £470
Median daily rate (50th Percentile) £550 £575 £575
Median % change year-on-year -4.35% - +9.52%
75th Percentile £675 £700 £681
90th Percentile £800 £800 £775
England median daily rate £525 £550 £525
% change year-on-year -4.55% +4.76% +8.25%
Number of hourly rates quoted 336 290 447
10th Percentile £16.01 £18.00 £16.40
25th Percentile £20.02 £22.53 £22.24
Median hourly rate £27.50 £35.25 £35.00
Median % change year-on-year -21.99% +0.71% +10.62%
75th Percentile £43.75 £61.50 £49.25
90th Percentile £65.00 £78.20 £67.50
England median hourly rate £36.50 £44.00 £22.50
% change year-on-year -17.05% +95.56% +2.27%

Quantitative Developer
Job Vacancy Trend in London

Job postings that featured Quantitative Developer in the job title as a proportion of all IT jobs advertised in London.

Job vacancy trend for Quantitative Developer in London

Quantitative Developer
Contractor Daily Rate Trend in London

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

Daily rate trend for Quantitative Developer in London

Quantitative Developer
Daily Rate Histogram in London

Daily rate distribution for jobs citing Quantitative Developer in London over the 6 months to 5 May 2024.

Daily rate histogram for Quantitative Developer in London

Quantitative Developer
Contractor Hourly Rate Trend in London

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

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 5 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 +35 19 £900 +9.09% 1
Quantitative Developer
England

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

For the 6 months to 5 May 2024, Quantitative Developer contract job roles required the following skills and capabilities 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 62 (63.92%) Finance
2 59 (60.82%) Python
3 44 (45.36%) Front Office
4 39 (40.21%) Derivative
5 35 (36.08%) Fixed Income
6 29 (29.90%) Java
6 29 (29.90%) Azure
7 28 (28.87%) C#
7 28 (28.87%) C++
7 28 (28.87%) Banking
8 27 (27.84%) Software Engineering
9 26 (26.80%) Agile
9 26 (26.80%) Hedge funds
9 26 (26.80%) Analytical Skills
10 25 (25.77%) AWS
11 24 (24.74%) Investment Banking
12 23 (23.71%) Equities
13 21 (21.65%) Mathematics
14 20 (20.62%) SQL
14 20 (20.62%) Analytics
14 20 (20.62%) Problem-Solving
15 19 (19.59%) DevOps
15 19 (19.59%) Algorithms
16 18 (18.56%) Algorithmic Trading
16 18 (18.56%) Degree
16 18 (18.56%) Asset Management
16 18 (18.56%) Quantitative Research
17 17 (17.53%) R
18 16 (16.49%) Investment Management
18 16 (16.49%) GCP

Quantitative Developer Skill Set
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 1 (1.03%) MQSeries
1 1 (1.03%) SAS
Business Applications
1 2 (2.06%) Orchestrade
Cloud Services
1 29 (29.90%) Azure
2 25 (25.77%) AWS
3 16 (16.49%) GCP
4 10 (10.31%) Azure DevOps
4 10 (10.31%) GitHub
5 1 (1.03%) Snowflake
Database & Business Intelligence
1 11 (11.34%) NoSQL
2 9 (9.28%) SQL Server
3 1 (1.03%) Azure SQL Database
Development Applications
1 2 (2.06%) Visual Studio
General
1 62 (63.92%) Finance
2 44 (45.36%) Front Office
3 28 (28.87%) Banking
4 26 (26.80%) Analytical Skills
5 24 (24.74%) Investment Banking
6 7 (7.22%) Social Skills
7 5 (5.15%) Retail Banking
8 2 (2.06%) Financial Institution
8 2 (2.06%) Presentation Skills
9 1 (1.03%) Retail
Libraries, Frameworks & Software Standards
1 13 (13.40%) FIX Protocol
1 13 (13.40%) NumPy
1 13 (13.40%) Pandas
2 11 (11.34%) SciPy
3 6 (6.19%) .NET
4 2 (2.06%) AngularJS
4 2 (2.06%) Matplotlib
4 2 (2.06%) React
5 1 (1.03%) Rendezvous
Miscellaneous
1 39 (40.21%) Derivative
2 35 (36.08%) Fixed Income
3 26 (26.80%) Hedge funds
4 23 (23.71%) Equities
5 19 (19.59%) Algorithms
6 6 (6.19%) Greenfield Project
6 6 (6.19%) Market Risk
7 4 (4.12%) Credit Derivative
7 4 (4.12%) Equity Derivative
8 2 (2.06%) Distributed Computing
8 2 (2.06%) Renewable Energy
8 2 (2.06%) Solar Panel
9 1 (1.03%) Credit Risk
9 1 (1.03%) Data Structures
9 1 (1.03%) Foreign Exchange (FX)
9 1 (1.03%) Management Information System
Processes & Methodologies
1 27 (27.84%) Software Engineering
2 26 (26.80%) Agile
3 21 (21.65%) Mathematics
4 20 (20.62%) Analytics
4 20 (20.62%) Problem-Solving
5 19 (19.59%) DevOps
6 18 (18.56%) Algorithmic Trading
6 18 (18.56%) Asset Management
6 18 (18.56%) Quantitative Research
7 16 (16.49%) Investment Management
8 15 (15.46%) CI/CD
9 14 (14.43%) Computer Science
9 14 (14.43%) Electronic Trading
10 11 (11.34%) Quantitative Finance
10 11 (11.34%) SDLC
10 11 (11.34%) Test Automation
11 10 (10.31%) Data Modelling
11 10 (10.31%) Data Pipeline
11 10 (10.31%) Project Management
11 10 (10.31%) Software Architecture
Programming Languages
1 59 (60.82%) Python
2 29 (29.90%) Java
3 28 (28.87%) C#
3 28 (28.87%) C++
4 20 (20.62%) SQL
5 17 (17.53%) R
6 10 (10.31%) Rust
7 2 (2.06%) JavaScript
7 2 (2.06%) Scala
8 1 (1.03%) PHP
Qualifications
1 18 (18.56%) Degree
2 4 (4.12%) Master's Degree
2 4 (4.12%) Numerate Degree
3 2 (2.06%) Computer Science Degree
4 1 (1.03%) PhD
Quality Assurance & Compliance
1 1 (1.03%) IFRS
1 1 (1.03%) IFRS 9
Vendors
1 14 (14.43%) Bloomberg
2 1 (1.03%) IBM
2 1 (1.03%) Solace
2 1 (1.03%) TIBCO