Quantitative Developer Contracts

Quant Developer
UK

The median Quant Developer daily rate in the UK is £850, 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 456 484 588
Rank change year-on-year +28 +104 +157
Contract jobs requiring a Quantitative Developer 64 98 130
As % of all contract jobs advertised in the UK 0.22% 0.22% 0.22%
As % of the Job Titles category 0.24% 0.24% 0.23%
Number of daily rates quoted 56 78 89
10th Percentile £706 £688 £675
25th Percentile £750 £772 £763
Median daily rate (50th Percentile) £850 £900 £875
Median % change year-on-year -5.56% +2.86% +16.67%
75th Percentile £950 £1,100 £950
90th Percentile £1,040 £1,250 £1,188
UK excluding London median daily rate - - £1,125
% change year-on-year - - +50.00%

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 Developer
Job Vacancy Trend

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

Job vacancy trend for Quantitative Developer in the UK

Quantitative Developer
Contractor Daily Rate Trend

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

Daily rate trend for Quantitative Developer in the UK

Quantitative Developer
Daily Rate Histogram

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

Daily rate histogram for Quantitative Developer in the UK

Quantitative Developer
Contractor Hourly Rate Trend

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

Hourly rate trend for Quantitative Developer in the UK

Quantitative Developer
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 Developer 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 +23 64 £850 -5.56% 118
London +4 64 £850 -5.56% 114
Work from Home +3 9 £825 -8.33% 28

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

For the 6 months to 1 May 2025, Quantitative Developer 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 Developer in the job title.

1 47 (73.44%) Python
2 44 (68.75%) Finance
3 34 (53.13%) Banking
4 32 (50.00%) C++
5 25 (39.06%) Mathematics
6 23 (35.94%) Investment Banking
7 22 (34.38%) Analytics
8 19 (29.69%) Derivative
9 18 (28.13%) Front Office
9 18 (28.13%) Degree
10 16 (25.00%) Analytical Skills
11 15 (23.44%) Social Skills
11 15 (23.44%) Equities
12 14 (21.88%) Quantitative Finance
13 12 (18.75%) Risk Management
14 11 (17.19%) Java
14 11 (17.19%) Problem-Solving
14 11 (17.19%) Algorithms
14 11 (17.19%) CI/CD
15 10 (15.63%) Numerate Degree
16 8 (12.50%) Data Pipeline
16 8 (12.50%) SQL
16 8 (12.50%) Equity Derivative
16 8 (12.50%) Azure
17 7 (10.94%) AWS
17 7 (10.94%) Test Automation
17 7 (10.94%) Computer Science
17 7 (10.94%) Data Analysis
17 7 (10.94%) Linux
17 7 (10.94%) Master's Degree

Quantitative Developer 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:

Application Platforms
1 1 (1.56%) Confluence
1 1 (1.56%) IIS
Applications
1 6 (9.38%) Microsoft Excel
2 2 (3.13%) Microsoft Office
2 2 (3.13%) Spreadsheet
Cloud Services
1 8 (12.50%) Azure
2 7 (10.94%) AWS
3 4 (6.25%) Cloud Computing
4 3 (4.69%) GitHub
4 3 (4.69%) Snowflake
5 2 (3.13%) Azure DevOps
5 2 (3.13%) GCP
5 2 (3.13%) GitHub Actions
Communications & Networking
1 2 (3.13%) Multicast
Database & Business Intelligence
1 3 (4.69%) Relational Database
2 2 (3.13%) Big Data
2 2 (3.13%) NoSQL
3 1 (1.56%) Elasticsearch
3 1 (1.56%) MongoDB
3 1 (1.56%) Oracle Database
3 1 (1.56%) SQL Server
Development Applications
1 4 (6.25%) Visual Studio
2 2 (3.13%) Git
3 1 (1.56%) Bitbucket
3 1 (1.56%) Jenkins
3 1 (1.56%) JIRA
3 1 (1.56%) TeamCity
General
1 44 (68.75%) Finance
2 34 (53.13%) Banking
3 23 (35.94%) Investment Banking
4 18 (28.13%) Front Office
5 16 (25.00%) Analytical Skills
6 15 (23.44%) Social Skills
7 3 (4.69%) Law
8 2 (3.13%) Presentation Skills
9 1 (1.56%) Back Office
9 1 (1.56%) Corporate Banking
9 1 (1.56%) Financial Institution
9 1 (1.56%) Legal
9 1 (1.56%) Retail
9 1 (1.56%) Retail Banking
Libraries, Frameworks & Software Standards
1 6 (9.38%) NumPy
1 6 (9.38%) Pandas
2 5 (7.81%) PySpark
3 3 (4.69%) .NET
4 2 (3.13%) .NET Core
4 2 (3.13%) FIX Protocol
4 2 (3.13%) Kafka
4 2 (3.13%) SciPy
5 1 (1.56%) .NET Framework
5 1 (1.56%) ADO
5 1 (1.56%) FastAPI
5 1 (1.56%) Protocol Buffers
5 1 (1.56%) scikit-learn
5 1 (1.56%) WPF
Miscellaneous
1 19 (29.69%) Derivative
2 15 (23.44%) Equities
3 11 (17.19%) Algorithms
4 8 (12.50%) Equity Derivative
5 6 (9.38%) Credit Risk
5 6 (9.38%) Hedge funds
6 5 (7.81%) Market Risk
7 4 (6.25%) Distributed Systems
7 4 (6.25%) Fixed Income
8 3 (4.69%) Distributed Computing
8 3 (4.69%) Grid Computing
9 2 (3.13%) Renewable Energy
9 2 (3.13%) Solar Panel
9 2 (3.13%) TWAP
9 2 (3.13%) VWAP
10 1 (1.56%) Data Structures
10 1 (1.56%) Foreign Exchange (FX)
10 1 (1.56%) Greenfield Project
10 1 (1.56%) Self-Motivation
Operating Systems
1 7 (10.94%) Linux
2 3 (4.69%) Windows
Processes & Methodologies
1 25 (39.06%) Mathematics
2 22 (34.38%) Analytics
3 14 (21.88%) Quantitative Finance
4 12 (18.75%) Risk Management
5 11 (17.19%) CI/CD
5 11 (17.19%) Problem-Solving
6 8 (12.50%) Data Pipeline
7 7 (10.94%) Computer Science
7 7 (10.94%) Data Analysis
7 7 (10.94%) Decision-Making
7 7 (10.94%) Low Latency
7 7 (10.94%) Mathematical Modelling
7 7 (10.94%) Test Automation
8 6 (9.38%) Agile
8 6 (9.38%) Physics
8 6 (9.38%) Software Engineering
9 5 (7.81%) Functional Programming
9 5 (7.81%) Multithreading
9 5 (7.81%) Quantitative Analysis
10 4 (6.25%) Customer Requirements
Programming Languages
1 47 (73.44%) Python
2 32 (50.00%) C++
3 11 (17.19%) Java
4 8 (12.50%) SQL
5 6 (9.38%) C#
6 5 (7.81%) Haskell
7 4 (6.25%) OCaml
7 4 (6.25%) Rust
7 4 (6.25%) Scala
8 2 (3.13%) C
8 2 (3.13%) TypeScript
8 2 (3.13%) VBA
9 1 (1.56%) JavaScript
9 1 (1.56%) T-SQL
Qualifications
1 18 (28.13%) Degree
2 10 (15.63%) Numerate Degree
3 7 (10.94%) Master's Degree
Quality Assurance & Compliance
1 1 (1.56%) Basel II
1 1 (1.56%) Data Quality
1 1 (1.56%) QA
System Software
1 2 (3.13%) Docker
Systems Management
1 2 (3.13%) Terraform
Vendors
1 3 (4.69%) Bloomberg
1 3 (4.69%) Refinitiv
1 3 (4.69%) Reuters
2 2 (3.13%) Microsoft
3 1 (1.56%) Atlassian
3 1 (1.56%) Google
3 1 (1.56%) Oracle