Period
to 23 July 2017

The median contractor rate for a Senior Quantitative Analyst was £575 per day in advertised job vacancies in London during the 6 months to 23 July 2017.

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.

Senior Quant Analyst
England > London
6 months to
23 Jul 2017
Same period 2016 Same period 2015
Rank 575 598 600
Rank change year-on-year +23 +2 -1
Contract jobs requiring a Senior Quantitative Analyst 12 5 2
As % of all contract IT jobs advertised in London 0.029% 0.011% 0.004%
As % of the Job Titles category 0.030% 0.012% 0.005%
Number of daily rates quoted 8 5 1
London median daily rate £575 £1,025 £450
Median daily rate % change year-on-year -43.90% +127.78% -40.00%
10th Percentile £500 £520 £425
90th Percentile £655 £1,138 £475
England median daily rate £575 £1,025 £450
% change year-on-year -43.90% +127.78% -40.00%
Number of hourly rates quoted 1 0 0
London median hourly rate £35.50 - -
England median hourly rate £35.50 - -

The next table is for comparison with the above and includes summary statistics for all job roles in contract job vacancies advertised in London. Most job vacancies include a discernible job title. As such, the figures in the first row provide an indication of the number of contract jobs in our overall sample.

Contract IT Job Roles
London
Contract job vacancies with a job title containing a recognized job role 39612 43135 43681
As % of all contract IT job vacancies advertised in London 94.97% 95.10% 94.84%
Number of daily rates quoted 28185 31044 30330
London median daily rate £475 £450 £438
Median daily rate % change year-on-year +5.56% +2.86% +2.94%
10th Percentile £305 £288 £263
90th Percentile £650 £638 £638
England median daily rate £440 £425 £400
% change year-on-year +3.53% +6.25% -
Number of hourly rates quoted 505 478 759
London median hourly rate £21.25 £19.00 £19.50
Median hourly rate % change year-on-year +11.84% -2.56% +11.43%
10th Percentile £12.50 £10.71 £11.25
90th Percentile £50.00 £47.08 £52.60
England median hourly rate £18.40 £19.00 £17.50
% change year-on-year -3.16% +8.57% +2.94%

Senior Quantitative Analyst
Job Vacancy Trend in London

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

Job vacancy trend for Senior Quantitative Analyst in London

Senior Quantitative Analyst
Contractor Daily Rate Trend in London

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

Contractor daily rate trend for Senior Quantitative Analyst in London

Senior Quantitative Analyst
Contractor Daily Rate Histogram in London

The daily rate distribution of IT jobs citing Senior Quantitative Analyst in London over the 6 months to 23 July 2017.

Contractor daily rate histogram for Senior Quantitative Analyst in London

Senior Quantitative 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 Senior Quantitative Analyst within the London region over the 6 months to 23 July 2017. 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
City of London - 1 £700 -
Senior Quantitative Analyst
England

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

For the 6 months to 23 July 2017, Senior Quantitative 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 Senior Quantitative Analyst in the job title.

1 12 (100.00%) Finance
2 9 (75.00%) R
3 8 (66.67%) Banking
4 7 (58.33%) Front Office
4 7 (58.33%) SQL
4 7 (58.33%) Foreign Exchange (FX)
4 7 (58.33%) Analytical Skills
5 6 (50.00%) Validation
6 4 (33.33%) Agile Software Development
6 4 (33.33%) Investment Banking
6 4 (33.33%) Cluster Analysis
6 4 (33.33%) Mathematics
6 4 (33.33%) Statistics
6 4 (33.33%) MATLAB
6 4 (33.33%) Data Mining
6 4 (33.33%) Back Office
6 4 (33.33%) Risk Management
6 4 (33.33%) Change Management
6 4 (33.33%) Big Data
6 4 (33.33%) Bayesian Methods
6 4 (33.33%) Time Series Analysis
6 4 (33.33%) Market Risk
6 4 (33.33%) Stress Testing
6 4 (33.33%) Monte Carlo Method
6 4 (33.33%) Hadoop
6 4 (33.33%) Stochastic Modelling
6 4 (33.33%) GARCH
6 4 (33.33%) Decision Tree
6 4 (33.33%) Scenario Testing
7 3 (25.00%) Prototyping

Senior Quantitative 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:

Database & Business Intelligence
1 4 (33.33%) Big Data
1 4 (33.33%) Data Mining
1 4 (33.33%) Hadoop
2 2 (16.67%) Blockchain
General
1 12 (100.00%) Finance
2 8 (66.67%) Banking
3 7 (58.33%) Front Office
4 4 (33.33%) Back Office
4 4 (33.33%) Investment Banking
5 1 (8.33%) Financial Institution
Miscellaneous
1 7 (58.33%) Analytical Skills
1 7 (58.33%) Foreign Exchange (FX)
2 4 (33.33%) Market Risk
Processes & Methodologies
1 6 (50.00%) Validation
2 4 (33.33%) Agile Software Development
2 4 (33.33%) Bayesian Methods
2 4 (33.33%) Change Management
2 4 (33.33%) Cluster Analysis
2 4 (33.33%) Decision Tree
2 4 (33.33%) GARCH
2 4 (33.33%) Mathematics
2 4 (33.33%) Monte Carlo Method
2 4 (33.33%) Risk Management
2 4 (33.33%) Scenario Testing
2 4 (33.33%) Statistics
2 4 (33.33%) Stochastic Modelling
2 4 (33.33%) Stress Testing
2 4 (33.33%) Time Series Analysis
3 3 (25.00%) Analytics
3 3 (25.00%) Prototyping
3 3 (25.00%) Regression Analysis
4 1 (8.33%) Quantitative Finance
Programming Languages
1 9 (75.00%) R
2 7 (58.33%) SQL
3 4 (33.33%) MATLAB
4 1 (8.33%) Python
Qualifications
1 2 (16.67%) PhD
2 1 (8.33%) Degree
2 1 (8.33%) Master's Degree
Vendors
1 1 (8.33%) MicroStrategy