Period
to 16 October 2018

The median contractor rate for a Quantitative Analyst was £638 per day in advertised job vacancies in the North East during the 6 months to 16 October 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.

Quant Analyst
England > North East
6 months to
16 Oct 2018
Same period 2017 Same period 2016
Rank 93 - -
Rank change year-on-year - - -
Contract jobs requiring a Quantitative Analyst 2 0 0
As % of all contract IT jobs advertised in the North East 0.16% - -
As % of the Job Titles category 0.17% - -
Number of daily rates quoted 2 0 0
North East median daily rate £638 - -
England median daily rate £750 £825 £713
% change year-on-year -9.09% +15.79% +18.75%
Number of hourly rates quoted 0 0 0
North East median hourly rate - - -
England median hourly rate - £37.75 -

The following table is for comparison with the above and includes summary statistics for all contract IT job vacancies advertised in the North East. 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
North East
Contract vacancies in the North East with a recognized job title 1,162 1,138 2,646
% of contract IT jobs with a recognized job title 95.64% 93.74% 90.96%
Number of daily rates quoted 742 736 1,768
North East median daily rate £400 £365 £344
Median daily rate % change year-on-year +9.59% +6.10% -14.00%
10th Percentile £226 £219 £224
90th Percentile £563 £538 £513
England median daily rate £450 £450 £425
% change year-on-year - +5.88% +6.25%
Number of hourly rates quoted 48 59 134
North East median hourly rate £14.50 £17.50 £26.75
Median hourly rate % change year-on-year -17.14% -34.58% +78.33%
10th Percentile £10.13 £9.90 £10.07
90th Percentile £30.48 £47.50 £36.00
England median hourly rate £18.35 £18.70 £18.50
% change year-on-year -1.87% +1.08% +4.11%

Quantitative Analyst
Contract Job Locations in the North East

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Quantitative Analyst within the North East region over the 6 months to 16 October 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
Tyne and Wear - 2 £638 -
Quantitative Analyst
England

Quantitative Analyst Skill Set
Top 23 Co-occurring IT Skills in the North East

For the 6 months to 16 October 2018, Quantitative Analyst contract jobs required the following IT skills in order of popularity. The figures indicate the absolute number co-occurrences and as a proportion of all contract job ads across the North East region featuring Quantitative Analyst in the job title.

1 2 (100.00%) SQL
1 2 (100.00%) Python
1 2 (100.00%) SAS
1 2 (100.00%) SPSS
1 2 (100.00%) Financial Institution
1 2 (100.00%) Finance
1 2 (100.00%) Validation
1 2 (100.00%) Banking
1 2 (100.00%) Statistics
1 2 (100.00%) Degree
1 2 (100.00%) Mathematics
1 2 (100.00%) Physics
1 2 (100.00%) Computer Science
1 2 (100.00%) Credit Risk
1 2 (100.00%) Stress Testing
1 2 (100.00%) Financial Modelling
1 2 (100.00%) R
1 2 (100.00%) Analytics
1 2 (100.00%) IFRS
1 2 (100.00%) IFRS 9
1 2 (100.00%) Master's Degree
2 1 (50.00%) Machine Learning
2 1 (50.00%) Big Data

Quantitative Analyst Skill Set
Co-occurring IT Skills in the North East 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 2 (100.00%) SAS
Applications
1 2 (100.00%) SPSS
Database & Business Intelligence
1 1 (50.00%) Big Data
General
1 2 (100.00%) Banking
1 2 (100.00%) Finance
1 2 (100.00%) Financial Institution
Miscellaneous
1 2 (100.00%) Computer Science
1 2 (100.00%) Credit Risk
Processes & Methodologies
1 2 (100.00%) Analytics
1 2 (100.00%) Financial Modelling
1 2 (100.00%) Mathematics
1 2 (100.00%) Physics
1 2 (100.00%) Statistics
1 2 (100.00%) Stress Testing
1 2 (100.00%) Validation
2 1 (50.00%) Machine Learning
Programming Languages
1 2 (100.00%) Python
1 2 (100.00%) R
1 2 (100.00%) SQL
Qualifications
1 2 (100.00%) Degree
1 2 (100.00%) Master's Degree
Quality Assurance & Compliance
1 2 (100.00%) IFRS
1 2 (100.00%) IFRS 9