Period
to 17 November 2017

The median contractor rate for a Senior Quantitative Developer was £800 per day in advertised job vacancies in London during the 6 months to 17 November 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
6 months to
17 Nov 2017
Same period 2016 Same period 2015
Rank 622 618 609
Rank change year-on-year -4 -9 +2
Contract jobs requiring a Senior Quantitative Developer 5 5 2
As % of all contract IT jobs advertised in London 0.011% 0.011% 0.004%
As % of the Job Titles category 0.011% 0.012% 0.004%
Number of daily rates quoted 4 5 2
London median daily rate £800 £800 £800
10th Percentile £622 £690 £750
90th Percentile £876 £975 £850
England median daily rate £800 £800 £800
Number of hourly rates quoted 1 0 0
London median hourly rate £35.50 - -
England median hourly rate £35.50 - -

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 44411 43038 44839
% of contract IT jobs with a recognized job title 94.84% 95.01% 94.99%
Number of daily rates quoted 32161 30620 31621
London median daily rate £492 £458 £450
Median daily rate % change year-on-year +7.54% +1.67% +5.88%
10th Percentile £300 £288 £265
90th Percentile £663 £638 £638
England median daily rate £450 £425 £413
% change year-on-year +5.88% +3.03% +3.13%
Number of hourly rates quoted 556 556 694
London median hourly rate £20.00 £19.50 £18.80
Median hourly rate % change year-on-year +2.56% +3.75% +7.40%
10th Percentile £12.25 £11.40 £11.25
90th Percentile £47.83 £50.00 £47.83
England median hourly rate £18.70 £18.38 £17.98
% change year-on-year +1.77% +2.20% +8.97%

Senior Quantitative Developer
Job Vacancy Trend in London

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

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
Contractor Daily Rate Histogram in London

The daily rate distribution of IT jobs citing Senior Quantitative Developer in London over the 6 months to 17 November 2017.

Contractor daily rate histogram 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 6 months to 17 November 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
Central London 0 3 £813 -14.47%
Senior Quantitative Developer
England

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

For the 6 months to 17 November 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 4 (80.00%) Finance
1 4 (80.00%) C++
2 3 (60.00%) Java
2 3 (60.00%) C#
3 2 (40.00%) Quantitative Finance
3 2 (40.00%) Mathematics
3 2 (40.00%) Low Latency
3 2 (40.00%) TDD
3 2 (40.00%) Banking
3 2 (40.00%) Spreadsheet
3 2 (40.00%) VBA
3 2 (40.00%) OO
3 2 (40.00%) Foreign Exchange (FX)
3 2 (40.00%) Middleware
3 2 (40.00%) Project Management
4 1 (20.00%) Front Office
4 1 (20.00%) Risk Management
4 1 (20.00%) MATLAB
4 1 (20.00%) Python
4 1 (20.00%) PhD
4 1 (20.00%) OOP
4 1 (20.00%) CUDA
4 1 (20.00%) R
4 1 (20.00%) Test Strategy
4 1 (20.00%) Gradle
4 1 (20.00%) Go
4 1 (20.00%) Subversion
4 1 (20.00%) Degree
4 1 (20.00%) JIRA
4 1 (20.00%) DevOps

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:

Applications
1 2 (40.00%) Spreadsheet
Development Applications
1 1 (20.00%) Gradle
1 1 (20.00%) JIRA
1 1 (20.00%) Subversion
General
1 4 (80.00%) Finance
2 2 (40.00%) Banking
3 1 (20.00%) Front Office
Libraries, Frameworks & Software Standards
1 2 (40.00%) Middleware
Miscellaneous
1 2 (40.00%) Foreign Exchange (FX)
2 1 (20.00%) Algorithms
2 1 (20.00%) CUDA
Processes & Methodologies
1 2 (40.00%) Low Latency
1 2 (40.00%) Mathematics
1 2 (40.00%) OO
1 2 (40.00%) Project Management
1 2 (40.00%) Quantitative Finance
1 2 (40.00%) TDD
2 1 (20.00%) DevOps
2 1 (20.00%) Electronic Trading
2 1 (20.00%) Monte Carlo Method
2 1 (20.00%) OOP
2 1 (20.00%) Risk Management
2 1 (20.00%) Test Strategy
Programming Languages
1 4 (80.00%) C++
2 3 (60.00%) C#
2 3 (60.00%) Java
3 2 (40.00%) VBA
4 1 (20.00%) Go
4 1 (20.00%) MATLAB
4 1 (20.00%) Python
4 1 (20.00%) R
Qualifications
1 1 (20.00%) Degree
1 1 (20.00%) Master's Degree
1 1 (20.00%) PhD