Period
to 20 November 2017

The median contractor rate for a C++ Quantitative Developer was £625 per day in advertised job vacancies during the 6 months to 20 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.

C++ Quant Developer
UK
6 months to
20 Nov 2017
Same period 2016 Same period 2015
Rank 813 855 840
Rank change year-on-year +42 -15 0
Contract jobs requiring a C++ Quantitative Developer 66 33 46
As % of all contract IT jobs advertised in the UK 0.065% 0.032% 0.040%
As % of the Job Titles category 0.068% 0.033% 0.042%
Number of daily rates quoted 62 26 40
UK median daily rate £625 £725 £625
Median daily rate % change year-on-year -13.79% +16.00% -3.85%
10th Percentile £525 £581 £475
90th Percentile £725 £925 £928
UK excluding London median daily rate - - -
Number of hourly rates quoted 0 0 0
UK median hourly rate - - -
UK excluding London median hourly rate - - -

The following table is for comparison with the above and includes summary statistics for all contract IT job vacancies. 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
UK
Contract vacancies in the UK with a recognized job title 96939 98568 108531
% of contract IT jobs with a recognized job title 94.79% 94.76% 94.90%
Number of daily rates quoted 63924 64295 69051
UK median daily rate £450 £425 £400
Median daily rate % change year-on-year +5.88% +6.25% -
10th Percentile £260 £250 £250
90th Percentile £625 £600 £588
UK excluding London median daily rate £400 £393 £375
% change year-on-year +1.91% +4.67% +3.45%
Number of hourly rates quoted 2896 3271 4142
UK median hourly rate £18.70 £18.00 £18.00
Median hourly rate % change year-on-year +3.89% - +9.09%
10th Percentile £10.96 £10.50 £10.50
90th Percentile £47.83 £47.50 £45.00
UK excluding London median hourly rate £17.50 £17.50 £17.50

C++ Quantitative Developer
Job Vacancy Trend

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

Job vacancy trend for C++ Quantitative Developer in the UK

C++ Quantitative Developer
Contractor Daily Rate Trend

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

Contractor daily rate trend for C++ Quantitative Developer in the UK

C++ Quantitative Developer
Contractor Daily Rate Histogram

The daily rate distribution of IT jobs citing C++ Quantitative Developer over the 6 months to 20 November 2017.

Contractor daily rate histogram for C++ Quantitative Developer in the UK

C++ Quantitative Developer
Top 2 Contract Locations

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing C++ Quantitative Developer within the UK over the 6 months to 20 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
England +61 66 £625 -13.79% 7
London +18 66 £625 -13.79% 7

C++ Quantitative Developer Skill Set
Top 30 Co-occurring IT Skills

For the 6 months to 20 November 2017, C++ 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 featuring C++ Quantitative Developer in the job title.

1 66 (100.00%) C++
2 46 (69.70%) Finance
3 41 (62.12%) Mathematics
4 40 (60.61%) C#
5 29 (43.94%) Python
5 29 (43.94%) Physics
6 28 (42.42%) PhD
6 28 (42.42%) Quantitative Research
7 26 (39.39%) Derivative
8 24 (36.36%) Analytics
9 22 (33.33%) Banking
10 21 (31.82%) Foreign Exchange (FX)
11 20 (30.30%) Analytical Skills
12 19 (28.79%) Front Office
12 19 (28.79%) Investment Banking
13 17 (25.76%) OOP
14 16 (24.24%) OO
15 15 (22.73%) Fixed Income
15 15 (22.73%) Risk Analytics
16 14 (21.21%) Microsoft Excel
17 12 (18.18%) Windows
17 12 (18.18%) Validation
17 12 (18.18%) TDD
17 12 (18.18%) Credit Risk
17 12 (18.18%) Market Risk
18 11 (16.67%) Computer Science
19 10 (15.15%) Interest Rate Derivative
19 10 (15.15%) .NET
19 10 (15.15%) Java
19 10 (15.15%) Electronic Trading

C++ Quantitative Developer Skill Set
Co-occurring IT Skills 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 3 (4.55%) CMS
Applications
1 14 (21.21%) Microsoft Excel
2 10 (15.15%) Spreadsheet
Business Applications
1 1 (1.52%) Summit
Development Applications
1 4 (6.06%) Subversion
2 3 (4.55%) JIRA
3 1 (1.52%) Gradle
3 1 (1.52%) Jenkins
3 1 (1.52%) TeamCity
3 1 (1.52%) Visual Studio
General
1 46 (69.70%) Finance
2 22 (33.33%) Banking
3 19 (28.79%) Front Office
3 19 (28.79%) Investment Banking
4 2 (3.03%) International Banking
5 1 (1.52%) Financial Institution
5 1 (1.52%) Retail Banking
Libraries, Frameworks & Software Standards
1 10 (15.15%) .NET
2 3 (4.55%) Boost C++ Libraries
2 3 (4.55%) STL
2 3 (4.55%) XML
3 1 (1.52%) JNI
Miscellaneous
1 26 (39.39%) Derivative
2 21 (31.82%) Foreign Exchange (FX)
3 20 (30.30%) Analytical Skills
4 15 (22.73%) Fixed Income
5 12 (18.18%) Credit Risk
5 12 (18.18%) Market Risk
6 11 (16.67%) Computer Science
7 10 (15.15%) Interest Rate Derivative
8 3 (4.55%) CUDA
8 3 (4.55%) Grid Computing
8 3 (4.55%) Swaptions
9 1 (1.52%) Credit Derivative
9 1 (1.52%) OTC Derivatives
Operating Systems
1 12 (18.18%) Windows
2 3 (4.55%) Windows 7
3 1 (1.52%) Linux
Processes & Methodologies
1 41 (62.12%) Mathematics
2 29 (43.94%) Physics
3 28 (42.42%) Quantitative Research
4 24 (36.36%) Analytics
5 17 (25.76%) OOP
6 16 (24.24%) OO
7 15 (22.73%) Risk Analytics
8 12 (18.18%) TDD
8 12 (18.18%) Validation
9 10 (15.15%) Electronic Trading
9 10 (15.15%) Test Strategy
10 8 (12.12%) Continuous Improvement
11 6 (9.09%) PnL Attribution
12 5 (7.58%) Agile Software Development
13 4 (6.06%) Monte Carlo Method
13 4 (6.06%) OOD
13 4 (6.06%) Performance Management
13 4 (6.06%) Risk Management
13 4 (6.06%) Use Case
14 3 (4.55%) Quantitative Finance
Programming Languages
1 66 (100.00%) C++
2 40 (60.61%) C#
3 29 (43.94%) Python
4 10 (15.15%) Java
5 7 (10.61%) Ada
6 4 (6.06%) VBA
7 1 (1.52%) F#
7 1 (1.52%) Go
7 1 (1.52%) SQL
7 1 (1.52%) VB
Qualifications
1 28 (42.42%) PhD
2 2 (3.03%) Degree
3 1 (1.52%) Computer Science Degree
3 1 (1.52%) Numerate Degree
Vendors
1 3 (4.55%) Microsoft
2 2 (3.03%) Murex
3 1 (1.52%) Bloomberg
3 1 (1.52%) Reuters