Period
to 18 November 2017

The median contractor rate for a Quantitative Developer was £650 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 Developer
UK
6 months to
18 Nov 2017
Same period 2016 Same period 2015
Rank 688 757 762
Rank change year-on-year +69 +5 -17
Contract jobs requiring a Quantitative Developer 202 129 142
As % of all contract IT jobs advertised in the UK 0.20% 0.12% 0.12%
As % of the Job Titles category 0.21% 0.13% 0.13%
Number of daily rates quoted 164 94 133
UK median daily rate £650 £700 £650
Median daily rate % change year-on-year -7.14% +7.69% -
10th Percentile £525 £452 £475
90th Percentile £775 £934 £810
UK excluding London median daily rate - £500 -
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 Developer
Job Vacancy Trend

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

Job vacancy trend for Quantitative Developer in the UK

Quantitative Developer
Contractor Daily Rate Trend

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

Contractor daily rate trend for Quantitative Developer in the UK

Quantitative Developer
Contractor Daily Rate Histogram

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

Contractor daily rate histogram for Quantitative Developer in the UK

Quantitative Developer
Contractor Hourly Rate Trend

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

Contractor hourly rate trend for Quantitative Developer in the UK

Quantitative Developer
Top 2 Contract Locations

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Quantitative Developer 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 +115 202 £650 -7.14% 10
London +73 202 £650 -7.14% 10

Quantitative Developer Skill Set
Top 30 Co-occurring IT Skills

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

1 149 (73.76%) Finance
2 147 (72.77%) C++
3 109 (53.96%) Mathematics
4 92 (45.54%) C#
5 89 (44.06%) Front Office
6 88 (43.56%) Python
7 77 (38.12%) Analytics
8 65 (32.18%) Quantitative Research
9 60 (29.70%) Java
10 59 (29.21%) Foreign Exchange (FX)
11 54 (26.73%) PhD
12 52 (25.74%) Banking
13 51 (25.25%) Derivative
13 51 (25.25%) Market Risk
14 49 (24.26%) Physics
15 47 (23.27%) OO
16 36 (17.82%) Analytical Skills
17 34 (16.83%) Asset Management
18 33 (16.34%) Fixed Income
19 30 (14.85%) Investment Banking
20 29 (14.36%) OOP
21 28 (13.86%) Computer Science
22 27 (13.37%) Credit Risk
23 26 (12.87%) Financial Institution
24 25 (12.38%) Microsoft Excel
24 25 (12.38%) Front End Development
25 24 (11.88%) .NET
26 23 (11.39%) VBA
26 23 (11.39%) PnL Attribution
27 21 (10.40%) Electronic Trading

Quantitative Developer 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 4 (1.98%) Cloud Foundry
1 4 (1.98%) CMS
2 2 (0.99%) Apache Spark
3 1 (0.50%) Confluence
Applications
1 25 (12.38%) Microsoft Excel
2 14 (6.93%) Spreadsheet
3 1 (0.50%) Doxygen
Business Applications
1 1 (0.50%) FINCAD Analytics
1 1 (0.50%) Summit
Cloud Services
1 4 (1.98%) Amazon AWS
1 4 (1.98%) Cloud Computing
1 4 (1.98%) Microsoft Azure
Communications & Networking
1 1 (0.50%) HTTP
Database & Business Intelligence
1 7 (3.47%) SQL Server
2 5 (2.48%) NoSQL
3 4 (1.98%) KDB
4 3 (1.49%) Big Data
4 3 (1.49%) Hadoop
5 2 (0.99%) HBase
6 1 (0.50%) Relational Database
6 1 (0.50%) SQL Server 2012
6 1 (0.50%) Tick Data
Development Applications
1 6 (2.97%) Subversion
2 5 (2.48%) Visual Studio
3 4 (1.98%) JIRA
4 2 (0.99%) Gradle
4 2 (0.99%) Jenkins
4 2 (0.99%) TeamCity
5 1 (0.50%) GCC
5 1 (0.50%) GDB
General
1 149 (73.76%) Finance
2 89 (44.06%) Front Office
3 52 (25.74%) Banking
4 30 (14.85%) Investment Banking
5 26 (12.87%) Financial Institution
6 2 (0.99%) International Banking
7 1 (0.50%) Legal
7 1 (0.50%) Pharmaceutical
7 1 (0.50%) Retail
7 1 (0.50%) Retail Banking
Libraries, Frameworks & Software Standards
1 24 (11.88%) .NET
2 21 (10.40%) AngularJS
2 21 (10.40%) Node.js
3 7 (3.47%) HTML
4 6 (2.97%) CSS
5 5 (2.48%) Boost C++ Libraries
5 5 (2.48%) Middleware
5 5 (2.48%) STL
5 5 (2.48%) XML
6 4 (1.98%) FIX Protocol
6 4 (1.98%) Rendezvous
6 4 (1.98%) REST
6 4 (1.98%) Web Services
6 4 (1.98%) XML-RPC
7 3 (1.49%) JNI
8 2 (0.99%) .NET Framework
8 2 (0.99%) ASP.NET
8 2 (0.99%) Entity Framework
8 2 (0.99%) Pandas
8 2 (0.99%) WPF
Miscellaneous
1 59 (29.21%) Foreign Exchange (FX)
2 51 (25.25%) Derivative
2 51 (25.25%) Market Risk
3 36 (17.82%) Analytical Skills
4 33 (16.34%) Fixed Income
5 28 (13.86%) Computer Science
6 27 (13.37%) Credit Risk
7 12 (5.94%) Fintech
8 11 (5.45%) Interest Rate Derivative
9 9 (4.46%) CUDA
10 7 (3.47%) Equities
11 5 (2.48%) Swaptions
12 3 (1.49%) Algorithms
12 3 (1.49%) Clustering
12 3 (1.49%) Grid Computing
12 3 (1.49%) VWAP
13 2 (0.99%) Credit Derivative
13 2 (0.99%) OTC Derivatives
14 1 (0.50%) Equity Derivative
14 1 (0.50%) Hedge funds
Operating Systems
1 17 (8.42%) Windows
2 8 (3.96%) Linux
3 5 (2.48%) Unix
4 3 (1.49%) Windows 7
Processes & Methodologies
1 109 (53.96%) Mathematics
2 77 (38.12%) Analytics
3 65 (32.18%) Quantitative Research
4 49 (24.26%) Physics
5 47 (23.27%) OO
6 34 (16.83%) Asset Management
7 29 (14.36%) OOP
8 25 (12.38%) Front End Development
9 23 (11.39%) PnL Attribution
10 21 (10.40%) Electronic Trading
10 21 (10.40%) Risk Analytics
11 20 (9.90%) Risk Management
12 19 (9.41%) Quantitative Finance
12 19 (9.41%) TDD
12 19 (9.41%) Validation
13 17 (8.42%) Test Strategy
14 15 (7.43%) Machine Learning
15 14 (6.93%) Quantitative Trading
16 12 (5.94%) Functional Programming
17 11 (5.45%) Agile Software Development
Programming Languages
1 147 (72.77%) C++
2 92 (45.54%) C#
3 88 (43.56%) Python
4 60 (29.70%) Java
5 23 (11.39%) VBA
6 21 (10.40%) JavaScript
7 14 (6.93%) Ada
7 14 (6.93%) SQL
8 7 (3.47%) R
9 4 (1.98%) VB
10 3 (1.49%) Groovy
11 2 (0.99%) C++/CLI
11 2 (0.99%) F#
11 2 (0.99%) Go
11 2 (0.99%) MATLAB
11 2 (0.99%) PowerShell
12 1 (0.50%) C
12 1 (0.50%) Perl
12 1 (0.50%) Shell Script
12 1 (0.50%) VBScript
Qualifications
1 54 (26.73%) PhD
2 21 (10.40%) Degree
3 7 (3.47%) Numerate Degree
4 2 (0.99%) Postgraduate
5 1 (0.50%) Computer Science Degree
5 1 (0.50%) Master's Degree
Quality Assurance & Compliance
1 14 (6.93%) MiFID
2 2 (0.99%) EMIR
3 1 (0.50%) Dodd-Frank
3 1 (0.50%) Sarbanes-Oxley
System Software
1 2 (0.99%) Apache ZooKeeper
2 1 (0.50%) HDFS
Vendors
1 6 (2.97%) Microsoft
2 4 (1.98%) TIBCO
3 3 (1.49%) Solace
4 2 (0.99%) Bloomberg
4 2 (0.99%) Murex
4 2 (0.99%) Reuters
5 1 (0.50%) QAD