Quantitative Consultant Contracts

Quant Consultant
UK

The median Quant Consultant daily rate in the UK is £235 according to job vacancies posted during the 6 months to 12 May 2024.

The first table below provides contractor rate benchmarking and summary statistics including a comparison to same period in the previous 2 years.

6 months to
12 May 2024
Same period 2023 Same period 2022
Rank 583 697 -
Rank change year-on-year +114 - -
Contract jobs requiring a Quantitative Consultant 3 1 0
As % of all contract jobs advertised in the UK 0.007% 0.002% -
As % of the Job Titles category 0.008% 0.002% -
Number of daily rates quoted 3 1 0
Median daily rate (50th Percentile) £235 £235 -
UK excluding London median daily rate - - -

All Contract IT Job Vacancies
UK

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.

Contract vacancies in the UK with a recognized job title 39,893 55,060 83,598
% of contract IT jobs with a recognized job title 92.76% 94.65% 95.41%
Number of daily rates quoted 25,957 38,445 58,715
10th Percentile £280 £313 £313
25th Percentile £410 £425 £425
Median daily rate (50th Percentile) £525 £540 £525
Median % change year-on-year -2.78% +2.86% +10.53%
75th Percentile £638 £650 £638
90th Percentile £750 £750 £738
UK excluding London median daily rate £490 £500 £475
% change year-on-year -2.00% +5.26% +11.76%
Number of hourly rates quoted 2,673 1,534 2,047
10th Percentile £12.86 £14.25 £12.50
25th Percentile £16.30 £19.06 £15.89
Median hourly rate £37.50 £45.00 £23.91
Median % change year-on-year -16.67% +88.21% +5.89%
75th Percentile £61.30 £65.75 £49.25
90th Percentile £72.90 £76.00 £65.00
UK excluding London median hourly rate £40.00 £42.08 £20.00
% change year-on-year -4.94% +110.39% +2.56%

Quantitative Consultant
Job Vacancy Trend

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

Job vacancy trend for Quantitative Consultant in the UK

Quantitative Consultant
Contractor Daily Rate Trend

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

Daily rate trend for Quantitative Consultant in the UK

Quantitative Consultant
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 Consultant within the UK over the 6 months to 12 May 2024. 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 +111 3 £235 - 3
London +95 3 £235 - 3
Work from Home +115 2 £235 -

Quantitative Consultant Skill Set
Top 18 Co-occurring Skills and Capabilities

For the 6 months to 12 May 2024, Quantitative Consultant 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 Consultant in the job title.

1 3 (100.00%) C#
1 3 (100.00%) C++
1 3 (100.00%) SQL
1 3 (100.00%) Python
1 3 (100.00%) PhD
1 3 (100.00%) Finance
1 3 (100.00%) Banking
1 3 (100.00%) Derivative
1 3 (100.00%) Degree
1 3 (100.00%) Mathematics
1 3 (100.00%) Computer Science
1 3 (100.00%) R
1 3 (100.00%) Master's Degree
1 3 (100.00%) Numerate Degree
1 3 (100.00%) Computer Science Degree
1 3 (100.00%) Backtesting
2 1 (33.33%) Quantitative Finance
2 1 (33.33%) Risk Management

Quantitative Consultant 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:

General
1 3 (100.00%) Banking
1 3 (100.00%) Finance
Miscellaneous
1 3 (100.00%) Derivative
Processes & Methodologies
1 3 (100.00%) Backtesting
1 3 (100.00%) Computer Science
1 3 (100.00%) Mathematics
2 1 (33.33%) Quantitative Finance
2 1 (33.33%) Risk Management
Programming Languages
1 3 (100.00%) C#
1 3 (100.00%) C++
1 3 (100.00%) Python
1 3 (100.00%) R
1 3 (100.00%) SQL
Qualifications
1 3 (100.00%) Computer Science Degree
1 3 (100.00%) Degree
1 3 (100.00%) Master's Degree
1 3 (100.00%) Numerate Degree
1 3 (100.00%) PhD