The median contractor rate for a Quantitative Analyst was £725 per day in advertised job vacancies during the 3 months to 27 June 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
3 months to
27 Jun 2017
Same period 2016 Same period 2015
Rank 589 610 622
Rank change year-on-year +21 +12  
Contract jobs requiring a Quantitative Analyst 21 44 20
As % of all contract IT jobs advertised in the UK 0.045% 0.081% 0.036%
As % of the Job Titles category 0.047% 0.086% 0.038%
Number of daily rates quoted 12 33 18
Median daily rate £725 £650 £625
Median daily rate % change year-on-year +11.53% +4.00%  
90% offered a daily rate of more than £515 £490 £446
10% offered a daily rate of more than £861 £815 £750
UK excluding London median daily rate - £600 -
Number of hourly rates quoted 1 0 0
Median hourly rate £40.00 - -
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. 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
UK
Contract job vacancies with a job title containing a recognized job role 44656 51218 52310
As % of all contract IT job vacancies advertised in the UK 94.78% 94.87% 94.84%
Number of daily rates quoted 28833 33387 32903
Median daily rate £438 £425 £400
Median daily rate % change year-on-year +2.94% +6.25%  
90% offered a daily rate of more than £275 £260 £245
10% offered a daily rate of more than £600 £600 £568
UK excluding London median daily rate £400 £400 £370
% change year-on-year - +8.10%  
Number of hourly rates quoted 1389 1533 1989
Median hourly rate £18.10 £17.50 £16.50
Median hourly rate % change year-on-year +3.42% +6.06%  
90% offered a hourly rate of more than £11.44 £11.00 £11.00
10% offered a hourly rate of more than £47.50 £44.00 £40.00
UK excluding London median hourly rate £17.50 £17.50 £16.14
% change year-on-year - +8.42%  

Quantitative Analyst
Job Vacancy Trend

The job posting trend of jobs advertised that featured Quantitative Analyst in the job title.

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 3 months to 27 June 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 6 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 3 months to 27 June 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
England +1 20 £725 +11.53% 9
London -18 20 £725 +11.53% 9
City of London -2 2 £713 +14.00% 2
Scotland +33 1 - -
Edinburgh +21 1 - -
Bromley - 1 - -

Quantitative Analyst Skill Set
Top 30 Co-occurring IT Skills

For the 6 months to 27 June 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 31 (68.89%) Finance
2 25 (55.56%) C++
3 23 (51.11%) Front Office
3 23 (51.11%) Mathematics
4 20 (44.44%) Banking
5 17 (37.78%) Monte Carlo Method
5 17 (37.78%) R
6 13 (28.89%) Quantitative Finance
6 13 (28.89%) JIRA
6 13 (28.89%) Python
6 13 (28.89%) Investment Banking
7 12 (26.67%) SQL
7 12 (26.67%) Analytics
7 12 (26.67%) Algorithms
8 11 (24.44%) PhD
8 11 (24.44%) TDD
8 11 (24.44%) Risk Management
8 11 (24.44%) Validation
9 10 (22.22%) Market Risk
10 9 (20.00%) Statistics
10 9 (20.00%) Analytical Skills
11 8 (17.78%) Stress Testing
12 7 (15.56%) Credit Risk
12 7 (15.56%) Foreign Exchange (FX)
13 6 (13.33%) MATLAB
13 6 (13.33%) C#
13 6 (13.33%) Financial Institution
13 6 (13.33%) Retail
13 6 (13.33%) Subversion
13 6 (13.33%) Degree

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 1 (2.22%) SAS
Applications
1 1 (2.22%) Microsoft Excel
Database & Business Intelligence
1 6 (13.33%) Big Data
2 5 (11.11%) Hadoop
3 3 (6.67%) Data Mining
4 2 (4.44%) KDB
5 1 (2.22%) Blockchain
5 1 (2.22%) Data Mart
5 1 (2.22%) QlikView
5 1 (2.22%) Spotfire
5 1 (2.22%) SQL Server
Development Applications
1 13 (28.89%) JIRA
2 6 (13.33%) Subversion
3 2 (4.44%) Git (software)
3 2 (4.44%) Visual Studio
General
1 31 (68.89%) Finance
2 23 (51.11%) Front Office
3 20 (44.44%) Banking
4 13 (28.89%) Investment Banking
5 6 (13.33%) Financial Institution
5 6 (13.33%) Retail
6 4 (8.89%) Back Office
7 1 (2.22%) Games
7 1 (2.22%) Marketing
Libraries, Frameworks & Software Standards
1 2 (4.44%) AngularJS
2 1 (2.22%) .NET
2 1 (2.22%) COM
2 1 (2.22%) XML
2 1 (2.22%) XSLT
Miscellaneous
1 12 (26.67%) Algorithms
2 10 (22.22%) Market Risk
3 9 (20.00%) Analytical Skills
4 7 (15.56%) Credit Risk
4 7 (15.56%) Foreign Exchange (FX)
5 6 (13.33%) CUDA
6 5 (11.11%) Derivative
7 3 (6.67%) Credit Derivative
8 2 (4.44%) Computer Science
Operating Systems
1 2 (4.44%) Linux
Processes & Methodologies
1 23 (51.11%) Mathematics
2 17 (37.78%) Monte Carlo Method
3 13 (28.89%) Quantitative Finance
4 12 (26.67%) Analytics
5 11 (24.44%) Risk Management
5 11 (24.44%) TDD
5 11 (24.44%) Validation
6 9 (20.00%) Statistics
7 8 (17.78%) Stress Testing
8 5 (11.11%) Agile Software Development
8 5 (11.11%) Change Management
8 5 (11.11%) Scenario Testing
9 4 (8.89%) Data Analytics
10 3 (6.67%) Stakeholder Management
10 3 (6.67%) Stochastic Modelling
11 2 (4.44%) Bayesian Methods
11 2 (4.44%) Business Intelligence
11 2 (4.44%) Data Analysis
11 2 (4.44%) Statistical Modelling
11 2 (4.44%) Time Series Analysis
Programming Languages
1 25 (55.56%) C++
2 17 (37.78%) R
3 13 (28.89%) Python
4 12 (26.67%) SQL
5 6 (13.33%) C#
5 6 (13.33%) MATLAB
6 5 (11.11%) VBA
7 3 (6.67%) Java
8 2 (4.44%) C
8 2 (4.44%) JavaScript
8 2 (4.44%) Shell Script
9 1 (2.22%) Scala
9 1 (2.22%) VC++
Qualifications
1 11 (24.44%) PhD
2 6 (13.33%) Degree
3 1 (2.22%) Computer Science Degree
3 1 (2.22%) Master's Degree
Quality Assurance & Compliance
1 2 (4.44%) IAS 39
1 2 (4.44%) IFRS
1 2 (4.44%) IFRS 9
1 2 (4.44%) QA
2 1 (2.22%) MiFID
Vendors
1 2 (4.44%) Splunk
2 1 (2.22%) Microsoft
2 1 (2.22%) MicroStrategy
2 1 (2.22%) Oracle
2 1 (2.22%) Tableau
2 1 (2.22%) Teradata
London
AMS contingency
Posted: 20 hours ago
East London
Spencer Rose
Rate: From £450 to £500 per day
Posted: 3 days ago