Quantitative Analyst Contracts

Quant Analyst
UK

The median Quant Analyst daily rate in the UK is £838, according to job vacancies posted in the 6 months leading up to 1 May 2025.

The table below provides contractor rate benchmarking and summary statistics, comparing them to the same period in the previous two years.

6 months to
1 May 2025
Same period 2024 Same period 2023
Rank 501 546 646
Rank change year-on-year +45 +100 +160
Contract jobs requiring a Quantitative Analyst 19 36 72
As % of all contract jobs advertised in the UK 0.065% 0.083% 0.12%
As % of the Job Titles category 0.070% 0.089% 0.13%
Number of daily rates quoted 16 27 37
10th Percentile £681 £577 £670
25th Percentile £700 £825 £700
Median daily rate (50th Percentile) £838 £900 £850
Median % change year-on-year -6.94% +5.88% -
75th Percentile £906 £950 £975
90th Percentile £1,025 £1,005 £1,110
UK excluding London median daily rate - - -

All Contract IT Job Vacancies
UK

For comparison with the information above, the following table provides 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.

Contract vacancies in the UK with a recognized job title 27,084 40,415 56,464
% of contract IT jobs with a recognized job title 92.52% 92.78% 94.61%
Number of daily rates quoted 17,692 26,309 39,470
10th Percentile £300 £275 £313
25th Percentile £406 £410 £425
Median daily rate (50th Percentile) £515 £525 £540
Median % change year-on-year -1.90% -2.78% +2.86%
75th Percentile £625 £638 £650
90th Percentile £738 £750 £750
UK excluding London median daily rate £475 £492 £500
% change year-on-year -3.46% -1.60% +5.26%
Number of hourly rates quoted 1,035 2,664 1,570
10th Percentile £14.07 £12.86 £14.29
25th Percentile £18.50 £16.30 £19.50
Median hourly rate £29.00 £36.42 £45.00
Median % change year-on-year -20.37% -19.07% +91.49%
75th Percentile £62.50 £60.75 £65.75
90th Percentile £75.00 £72.50 £75.75
UK excluding London median hourly rate £28.00 £39.55 £42.50
% change year-on-year -29.20% -6.94% +117.95%

Quantitative Analyst
Job Vacancy Trend

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

Job vacancy trend for Quantitative Analyst in the UK

Quantitative Analyst
Contractor Daily Rate Trend

3-month moving average daily rate quoted in jobs citing Quantitative Analyst.

Daily rate trend for Quantitative Analyst in the UK

Quantitative Analyst
Daily Rate Histogram

Daily rate distribution for jobs citing Quantitative Analyst over the 6 months to 1 May 2025.

Daily rate histogram for Quantitative Analyst in the UK

Quantitative Analyst
Contractor Hourly Rate Trend

3-month moving average hourly rates quoted in jobs citing Quantitative Analyst.

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 6 months to 1 May 2025. 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
Jobs
England +40 19 £838 -6.94% 80
London +22 19 £838 -6.94% 69
Work from Home +30 3 £825 -8.33% 21

Quantitative Analyst Skill Set
Top 30 Co-occurring Skills and Capabilities

For the 6 months to 1 May 2025, Quantitative Analyst contract job roles required the following skills and capabilities in order of popularity. The figures indicate the absolute number co-occurrences and as a proportion of all contract job ads featuring Quantitative Analyst in the job title.

1 17 (89.47%) Python
2 14 (73.68%) Finance
3 13 (68.42%) Mathematics
4 11 (57.89%) Banking
5 9 (47.37%) Investment Banking
5 9 (47.37%) C++
6 8 (42.11%) Quantitative Finance
6 8 (42.11%) Mathematical Modelling
6 8 (42.11%) Social Skills
7 7 (36.84%) PnL Attribution
7 7 (36.84%) Analytics
7 7 (36.84%) Front Office
8 6 (31.58%) Microsoft PowerPoint
8 6 (31.58%) Equities
8 6 (31.58%) Validation
8 6 (31.58%) VBA
8 6 (31.58%) Microsoft Excel
8 6 (31.58%) Greeks
9 5 (26.32%) Data Analytics
9 5 (26.32%) Quantitative Research
9 5 (26.32%) Decision-Making
10 4 (21.05%) Physics
10 4 (21.05%) Collaborative Working
10 4 (21.05%) Design Patterns
10 4 (21.05%) Low Latency
10 4 (21.05%) Algorithms
10 4 (21.05%) Multithreading
11 3 (15.79%) Degree
11 3 (15.79%) Refactoring
11 3 (15.79%) Test Automation

Quantitative Analyst Skill Set
Co-occurring Skills and Capabilities by Category

The follow tables expand on the table above by listing co-occurrences grouped by category. The same employment type, locality and period is covered with up to 20 co-occurrences shown in each of the following categories:

Applications
1 6 (31.58%) Microsoft Excel
1 6 (31.58%) Microsoft PowerPoint
Business Applications
1 3 (15.79%) Bankmaster
Cloud Services
1 2 (10.53%) AWS
Development Applications
1 2 (10.53%) Visual Studio
2 1 (5.26%) Git
General
1 14 (73.68%) Finance
2 11 (57.89%) Banking
3 9 (47.37%) Investment Banking
4 8 (42.11%) Social Skills
5 7 (36.84%) Front Office
Miscellaneous
1 6 (31.58%) Equities
2 4 (21.05%) Algorithms
3 2 (10.53%) Credit Risk
3 2 (10.53%) Market Risk
4 1 (5.26%) Derivative
4 1 (5.26%) Equity Derivative
4 1 (5.26%) Fixed Income
4 1 (5.26%) Greenfield Project
4 1 (5.26%) Renewable Energy
Processes & Methodologies
1 13 (68.42%) Mathematics
2 8 (42.11%) Mathematical Modelling
2 8 (42.11%) Quantitative Finance
3 7 (36.84%) Analytics
3 7 (36.84%) PnL Attribution
4 6 (31.58%) Greeks
4 6 (31.58%) Validation
5 5 (26.32%) Data Analytics
5 5 (26.32%) Decision-Making
5 5 (26.32%) Quantitative Research
6 4 (21.05%) Collaborative Working
6 4 (21.05%) Design Patterns
6 4 (21.05%) Low Latency
6 4 (21.05%) Multithreading
6 4 (21.05%) Physics
7 3 (15.79%) Refactoring
7 3 (15.79%) Test Automation
8 2 (10.53%) Computer Science
8 2 (10.53%) Credit Risk Management
8 2 (10.53%) Stochastic Calculus
Programming Languages
1 17 (89.47%) Python
2 9 (47.37%) C++
3 6 (31.58%) VBA
4 2 (10.53%) Java
Qualifications
1 3 (15.79%) Degree
2 2 (10.53%) Numerate Degree
3 1 (5.26%) Master's Degree
Quality Assurance & Compliance
1 1 (5.26%) Basel II