The median contractor rate for a Quantitative Analyst was £713 per day in advertised job vacancies during the 3 months to 22 March 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.

3 months to
22 Mar 2017
Same period 2016 Same period 2015
Quant Analyst
UK
Rank 562 597 596
Rank change year-on-year +35 -1  
Contract jobs requiring a Quantitative Analyst 24 33 16
As % of all contract IT jobs advertised in the UK 0.054% 0.062% 0.031%
As % of the Job Titles category 0.057% 0.066% 0.032%
Number of daily rates quoted 16 30 15
Median daily rate £713 £669 £500
Median daily rate % change year-on-year +6.54% +33.75%  
90% offered a daily rate of more than £563 £500 £380
10% offered a daily rate of more than £738 £700 £705
UK excluding London median daily rate - £675 -
Number of hourly rates quoted 1 0 0
Median hourly rate £56.00 - -
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 42134 50253 49507
As % of all contract IT job vacancies advertised in the UK 94.85% 95.17% 94.77%
Number of daily rates quoted 27277 32490 29886
Median daily rate £425 £425 £400
Median daily rate % change year-on-year - +6.25%  
90% offered a daily rate of more than £260 £260 £238
10% offered a daily rate of more than £600 £591 £550
UK excluding London median daily rate £400 £388 £375
% change year-on-year +3.22% +3.33%  
Number of hourly rates quoted 1476 1587 1956
Median hourly rate £18.00 £18.70 £17.50
Median hourly rate % change year-on-year -3.74% +6.85%  
90% offered a hourly rate of more than £11.17 £11.25 £11.00
10% offered a hourly rate of more than £47.50 £48.00 £42.50
UK excluding London median hourly rate £17.50 £20.00 £17.00
% change year-on-year -12.50% +17.64%  

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 22 March 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 hourly rates quoted in IT contractor jobs citing Quantitative Analyst.

Contractor hourly rate trend for Quantitative Analyst in the UK

Quantitative Analyst
Top 3 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 22 March 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 +40 24 £713 +6.54% 6
London +5 24 £713 +7.54% 6
City of London -2 1 - - 3

Quantitative Analyst Skill Set
Top 30 Related IT Skills

For the 6 months to 22 March 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 38 (76.00%) Mathematics
1 38 (76.00%) Finance
2 32 (64.00%) C++
3 24 (48.00%) Quantitative Finance
4 22 (44.00%) C#
5 20 (40.00%) Front Office
5 20 (40.00%) Monte Carlo Method
6 19 (38.00%) PhD
7 17 (34.00%) Analytics
8 16 (32.00%) Derivative
9 15 (30.00%) Validation
9 15 (30.00%) Banking
9 15 (30.00%) SQL
9 15 (30.00%) R
10 14 (28.00%) Market Risk
10 14 (28.00%) Risk Management
11 13 (26.00%) PnL Attribution
12 12 (24.00%) Python
12 12 (24.00%) Algorithms
13 11 (22.00%) Statistics
14 9 (18.00%) TDD
14 9 (18.00%) Credit Derivative
14 9 (18.00%) JIRA
14 9 (18.00%) Physics
14 9 (18.00%) Stochastic Modelling
15 8 (16.00%) QA
15 8 (16.00%) Java
16 7 (14.00%) Credit Risk
16 7 (14.00%) Statistical Analysis
16 7 (14.00%) Investment Banking

Quantitative Analyst Skill Set
Top Related 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:

Applications
1 6 (12.00%) LaTeX
2 3 (6.00%) Doxygen
3 1 (2.00%) MS Excel
Database & Business Intelligence
1 3 (6.00%) KDB
2 1 (2.00%) Big Data
2 1 (2.00%) Data Mart
2 1 (2.00%) Data Mining
2 1 (2.00%) SQL Server
Development Applications
1 9 (18.00%) JIRA
2 4 (8.00%) Subversion
3 3 (6.00%) Git (software)
General
1 38 (76.00%) Finance
2 20 (40.00%) Front Office
3 15 (30.00%) Banking
4 7 (14.00%) Investment Banking
5 6 (12.00%) Financial Institution
5 6 (12.00%) Retail
6 3 (6.00%) Back Office
7 1 (2.00%) Games
7 1 (2.00%) Marketing
Libraries, Frameworks & Software Standards
1 3 (6.00%) AngularJS
2 1 (2.00%) COM
2 1 (2.00%) XML
2 1 (2.00%) XSLT
Miscellaneous
1 16 (32.00%) Derivative
2 14 (28.00%) Market Risk
3 12 (24.00%) Algorithms
4 9 (18.00%) Credit Derivative
5 7 (14.00%) Credit Risk
6 6 (12.00%) Computer Science
7 5 (10.00%) Analytical Skills
8 4 (8.00%) CUDA
9 3 (6.00%) Fintech
9 3 (6.00%) Foreign Exchange (FX)
10 2 (4.00%) Equities
10 2 (4.00%) OTC Derivatives
10 2 (4.00%) Wiki
11 1 (2.00%) Fixed Income
Operating Systems
1 4 (8.00%) Linux
2 1 (2.00%) Windows
Processes & Methodologies
1 38 (76.00%) Mathematics
2 24 (48.00%) Quantitative Finance
3 20 (40.00%) Monte Carlo Method
4 17 (34.00%) Analytics
5 15 (30.00%) Validation
6 14 (28.00%) Risk Management
7 13 (26.00%) PnL Attribution
8 11 (22.00%) Statistics
9 9 (18.00%) Physics
9 9 (18.00%) Stochastic Modelling
9 9 (18.00%) TDD
10 7 (14.00%) Statistical Analysis
11 6 (12.00%) Change Management
12 4 (8.00%) Continuous Integration
12 4 (8.00%) Risk Analytics
13 3 (6.00%) Data Analytics
13 3 (6.00%) Migration
13 3 (6.00%) Statistical Modelling
14 2 (4.00%) Business Intelligence
14 2 (4.00%) Time Series Analysis
Programming Languages
1 32 (64.00%) C++
2 22 (44.00%) C#
3 15 (30.00%) R
3 15 (30.00%) SQL
4 12 (24.00%) Python
5 8 (16.00%) Java
6 6 (12.00%) MATLAB
7 3 (6.00%) C
7 3 (6.00%) JavaScript
7 3 (6.00%) Shell Script
8 2 (4.00%) VBA
9 1 (2.00%) Scala
9 1 (2.00%) VC++
Qualifications
1 19 (38.00%) PhD
2 5 (10.00%) Degree
Quality Assurance & Compliance
1 8 (16.00%) QA
2 2 (4.00%) IAS 39
2 2 (4.00%) IFRS
2 2 (4.00%) IFRS 9
Vendors
1 3 (6.00%) Splunk
2 2 (4.00%) Oracle
3 1 (2.00%) Microsoft
3 1 (2.00%) MicroStrategy
3 1 (2.00%) Teradata