The median contractor rate for a Senior Quantitative Developer was £793 per day in advertised job vacancies in London during the 3 months to 29 March 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 Developer
England / London
3 months to
29 Mar 2017
Same period 2016 Same period 2015
Rank 405 437 404
Rank change year-on-year +32 -33  
Contract jobs requiring a Senior Quantitative Developer 3 2 2
As % of all contract IT jobs advertised in London 0.015% 0.009% 0.009%
As % of the Job Titles category 0.016% 0.009% 0.010%
Number of daily rates quoted 3 2 2
Median daily rate £793 £600 £700
Median daily rate % change year-on-year +32.08% -14.28%  
UK excluding London median daily rate - - -
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median hourly rate - - -

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 18549 21328 20201
As % of all contract IT job vacancies advertised in London 94.82% 95.03% 94.92%
Number of daily rates quoted 13193 15310 13939
Median daily rate £475 £450 £450
Median daily rate % change year-on-year +5.55% -  
90% offered a daily rate of more than £305 £300 £275
10% offered a daily rate of more than £650 £625 £600
UK excluding London median daily rate £400 £388 £375
% change year-on-year +3.22% +3.33%  
Number of hourly rates quoted 239 285 368
Median hourly rate £22.00 £17.00 £19.00
Median hourly rate % change year-on-year +29.41% -10.52%  
90% offered a hourly rate of more than £13.70 £11.50 £12.50
10% offered a hourly rate of more than £55.00 £43.57 £55.00
UK excluding London median hourly rate £17.50 £19.50 £17.00
% change year-on-year -10.25% +14.70%  

Senior Quantitative Developer
Job Vacancy Trend in London

The job posting trend of jobs advertised in London that featured Senior Quantitative Developer in the job title.

Job vacancy trend for Senior Quantitative Developer in London

Senior Quantitative Developer
Contractor Daily Rate Trend in London

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

Contractor daily rate trend for Senior Quantitative Developer in London

Senior 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 Senior Quantitative Developer within the London region over the 3 months to 29 March 2017. The 'Rank Change' column provides an indication of the change in demand within each location based on the same 3 month period last year.

Location Rank Change
on Same Period
Last Year
Matching
Contract
IT Job Ads
Median
Daily Rate
Last 3 Months
Median Daily Rate
% Change
on Same Period
Last Year
Live
Job
Vacancies
City of London -2 2 £793 +44.09%
Senior Quantitative Developer
England

Senior Quantitative Developer Skill Set
Top 22 Co-occurring IT Skills in London

For the 6 months to 29 March 2017, Senior Quantitative Developer 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 Developer in the job title.

1 5 (100.00%) Finance
2 4 (80.00%) Banking
3 3 (60.00%) Multithreading
3 3 (60.00%) Fixed Income
3 3 (60.00%) .NET
3 3 (60.00%) SQL Server
3 3 (60.00%) XML
3 3 (60.00%) XSD
3 3 (60.00%) C#
3 3 (60.00%) Microsoft
4 2 (40.00%) OO
4 2 (40.00%) SQL
5 1 (20.00%) Electronic Trading
5 1 (20.00%) Mathematics
5 1 (20.00%) Python
5 1 (20.00%) FpML
5 1 (20.00%) MATLAB
5 1 (20.00%) Java
5 1 (20.00%) Back Office
5 1 (20.00%) Algorithms
5 1 (20.00%) Market Making
5 1 (20.00%) Mathematical Modelling

Senior Quantitative Developer 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 3 (60.00%) SQL Server
General
1 5 (100.00%) Finance
2 4 (80.00%) Banking
3 1 (20.00%) Back Office
Libraries, Frameworks & Software Standards
1 3 (60.00%) .NET
1 3 (60.00%) XML
1 3 (60.00%) XSD
2 1 (20.00%) FpML
Miscellaneous
1 3 (60.00%) Fixed Income
2 1 (20.00%) Algorithms
Processes & Methodologies
1 3 (60.00%) Multithreading
2 2 (40.00%) OO
3 1 (20.00%) Electronic Trading
3 1 (20.00%) Market Making
3 1 (20.00%) Mathematical Modelling
3 1 (20.00%) Mathematics
Programming Languages
1 3 (60.00%) C#
2 2 (40.00%) SQL
3 1 (20.00%) Java
3 1 (20.00%) MATLAB
3 1 (20.00%) Python
Vendors
1 3 (60.00%) Microsoft