Period
to 18 November 2017

The median contractor rate for a Quantitative Analyst was £825 per day in advertised job vacancies during the 6 months to 18 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.

Quant Analyst
UK
6 months to
18 Nov 2017
Same period 2016 Same period 2015
Rank 779 824 829
Rank change year-on-year +45 +5 +15
Contract jobs requiring a Quantitative Analyst 110 62 75
As % of all contract IT jobs advertised in the UK 0.11% 0.059% 0.065%
As % of the Job Titles category 0.11% 0.062% 0.069%
Number of daily rates quoted 88 49 55
UK median daily rate £825 £700 £600
Median daily rate % change year-on-year +17.86% +16.67% -14.29%
10th Percentile £524 £551 £475
90th Percentile £950 £925 £758
UK excluding London median daily rate - £600 -
Number of hourly rates quoted 1 0 0
UK median hourly rate £35.50 - -
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 96790 100139 109026
% of contract IT jobs with a recognized job title 94.81% 94.77% 94.89%
Number of daily rates quoted 63814 65329 69364
UK median daily rate £448 £425 £400
Median daily rate % change year-on-year +5.29% +6.25% -
10th Percentile £260 £250 £250
90th Percentile £625 £600 £588
UK excluding London median daily rate £400 £392 £375
% change year-on-year +1.98% +4.60% +4.17%
Number of hourly rates quoted 2894 3317 4130
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 £47.25 £45.00
UK excluding London median hourly rate £17.74 £17.50 £17.50
% change year-on-year +1.37% - +8.29%

Quantitative Analyst
Job Vacancy Trend

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

Job vacancy trend for Quantitative Analyst in the UK

Quantitative Analyst
Contractor Daily Rate Trend

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

Contractor daily rate trend for Quantitative Analyst in the UK

Quantitative Analyst
Contractor Daily Rate Histogram

The daily rate distribution of IT jobs citing Quantitative Analyst over the 6 months to 18 November 2017.

Contractor daily rate histogram for Quantitative Analyst in the UK

Quantitative Analyst
Contractor Hourly Rate Trend

This chart provides the 3-month moving average for contractor hourly rates quoted in IT jobs citing Quantitative Analyst.

Contractor hourly rate trend for Quantitative Analyst in the UK

Quantitative Analyst
Top 4 Contract Locations

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 UK over the 6 months to 18 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 +89 108 £825 +15.79% 5
London +40 108 £825 +15.79% 4
UK excluding London +34 1 - - 1
Scotland 0 1 - -

Quantitative Analyst Skill Set
Top 30 Co-occurring IT Skills

For the 6 months to 18 November 2017, 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 featuring Quantitative Analyst in the job title.

1 79 (71.82%) C++
2 71 (64.55%) Finance
3 66 (60.00%) Front Office
4 65 (59.09%) C#
5 60 (54.55%) Mathematics
6 45 (40.91%) Derivative
6 45 (40.91%) Validation
7 44 (40.00%) Physics
8 42 (38.18%) Market Risk
9 39 (35.45%) Quantitative Finance
10 38 (34.55%) Stochastic Modelling
11 36 (32.73%) Banking
12 33 (30.00%) QA
13 32 (29.09%) Benchmarking
13 32 (29.09%) Internal Audit
14 31 (28.18%) Investment Banking
15 24 (21.82%) Foreign Exchange (FX)
15 24 (21.82%) Analytics
16 23 (20.91%) Credit Risk
17 22 (20.00%) Analytical Skills
18 20 (18.18%) Credit Risk Modelling
19 18 (16.36%) PnL Attribution
20 15 (13.64%) R
21 13 (11.82%) Quantitative Research
22 12 (10.91%) Python
22 12 (10.91%) SQL
23 11 (10.00%) PhD
24 10 (9.09%) Risk Management
25 9 (8.18%) Financial Institution
25 9 (8.18%) Stress Testing

Quantitative Analyst 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 2 (1.82%) SAS
Applications
1 2 (1.82%) Microsoft Excel
2 1 (0.91%) Microsoft PowerPoint
Database & Business Intelligence
1 8 (7.27%) Big Data
1 8 (7.27%) Hadoop
2 5 (4.55%) Data Mining
3 4 (3.64%) Blockchain
4 1 (0.91%) QlikView
4 1 (0.91%) Spotfire
Development Applications
1 5 (4.55%) JIRA
2 2 (1.82%) Subversion
2 2 (1.82%) Visual Studio
3 1 (0.91%) RStudio
General
1 71 (64.55%) Finance
2 66 (60.00%) Front Office
3 36 (32.73%) Banking
4 31 (28.18%) Investment Banking
5 9 (8.18%) Financial Institution
6 5 (4.55%) Back Office
7 3 (2.73%) Retail
8 2 (1.82%) Pharmaceutical
Libraries, Frameworks & Software Standards
1 1 (0.91%) .NET
1 1 (0.91%) XML
Miscellaneous
1 45 (40.91%) Derivative
2 42 (38.18%) Market Risk
3 24 (21.82%) Foreign Exchange (FX)
4 23 (20.91%) Credit Risk
5 22 (20.00%) Analytical Skills
6 3 (2.73%) Computer Science
6 3 (2.73%) CUDA
6 3 (2.73%) Fixed Income
7 2 (1.82%) Algorithms
8 1 (0.91%) Clustering
8 1 (0.91%) EFT
8 1 (0.91%) Equity Derivative
8 1 (0.91%) Greenfield Project
8 1 (0.91%) OTC Derivatives
8 1 (0.91%) Swaptions
Operating Systems
1 2 (1.82%) Linux
1 2 (1.82%) Windows
Processes & Methodologies
1 60 (54.55%) Mathematics
2 45 (40.91%) Validation
3 44 (40.00%) Physics
4 39 (35.45%) Quantitative Finance
5 38 (34.55%) Stochastic Modelling
6 32 (29.09%) Benchmarking
6 32 (29.09%) Internal Audit
7 24 (21.82%) Analytics
8 20 (18.18%) Credit Risk Modelling
9 18 (16.36%) PnL Attribution
10 13 (11.82%) Quantitative Research
11 10 (9.09%) Risk Management
12 9 (8.18%) Stress Testing
13 8 (7.27%) Agile Software Development
13 8 (7.27%) Monte Carlo Method
13 8 (7.27%) Scenario Testing
14 7 (6.36%) Statistics
14 7 (6.36%) Stochastic Calculus
15 6 (5.45%) OO
16 5 (4.55%) Project Management
Programming Languages
1 79 (71.82%) C++
2 65 (59.09%) C#
3 15 (13.64%) R
4 12 (10.91%) Python
4 12 (10.91%) SQL
5 6 (5.45%) MATLAB
6 5 (4.55%) VBA
7 3 (2.73%) Java
8 2 (1.82%) Ada
9 1 (0.91%) F#
Qualifications
1 11 (10.00%) PhD
2 4 (3.64%) Degree
3 3 (2.73%) Master's Degree
Quality Assurance & Compliance
1 33 (30.00%) QA
2 5 (4.55%) EMIR
3 2 (1.82%) MiFID
4 1 (0.91%) Dodd-Frank
4 1 (0.91%) Sarbanes-Oxley
Vendors
1 1 (0.91%) Microsoft
1 1 (0.91%) Tableau