The median contractor rate for a Quantitative Developer was £650 per day in advertised job vacancies during the 3 months to 27 June 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
3 months to
27 Jun 2017
Same period 2016 Same period 2015
Rank 531 605 605
Rank change year-on-year +74 0  
Contract jobs requiring a Quantitative Developer 79 49 37
As % of all contract IT jobs advertised in the UK 0.17% 0.091% 0.067%
As % of the Job Titles category 0.18% 0.096% 0.071%
Number of daily rates quoted 67 31 35
Median daily rate £650 £650 £625
Median daily rate % change year-on-year - +4.00%  
90% offered a daily rate of more than £550 £463 £550
10% offered a daily rate of more than £750 £725 £700
UK excluding London median daily rate £675 - £613
Number of hourly rates quoted 1 1 0
Median hourly rate £40.00 £80.00 -
Median hourly rate % change year-on-year -50.00% -  
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 44656 51218 52310
As % of all contract IT job vacancies advertised in the UK 94.78% 94.87% 94.84%
Number of daily rates quoted 28833 33387 32903
Median daily rate £438 £425 £400
Median daily rate % change year-on-year +2.94% +6.25%  
90% offered a daily rate of more than £275 £260 £245
10% offered a daily rate of more than £600 £600 £568
UK excluding London median daily rate £400 £400 £370
% change year-on-year - +8.10%  
Number of hourly rates quoted 1389 1533 1989
Median hourly rate £18.10 £17.50 £16.50
Median hourly rate % change year-on-year +3.42% +6.06%  
90% offered a hourly rate of more than £11.44 £11.00 £11.00
10% offered a hourly rate of more than £47.50 £44.00 £40.00
UK excluding London median hourly rate £17.50 £17.50 £16.14
% change year-on-year - +8.42%  

Quantitative Developer
Job Vacancy Trend

The job posting trend of jobs advertised that featured Quantitative Developer in the job title.

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 3 months to 27 June 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 4 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 3 months to 27 June 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 +52 79 £650 - 14
London +41 78 £638 -1.92% 13
City of London -1 7 £750 +15.38% 2
Mayfair - 1 £1,250 -

Quantitative Developer Skill Set
Top 30 Co-occurring IT Skills

For the 6 months to 27 June 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.

1 131 (72.38%) C++
2 89 (49.17%) Front Office
3 86 (47.51%) Finance
4 81 (44.75%) Python
5 70 (38.67%) C#
6 66 (36.46%) Banking
6 66 (36.46%) Mathematics
7 60 (33.15%) PhD
8 49 (27.07%) Quantitative Research
8 49 (27.07%) Windows
8 49 (27.07%) Investment Banking
9 48 (26.52%) Foreign Exchange (FX)
10 41 (22.65%) Computer Science
11 40 (22.10%) Fixed Income
12 39 (21.55%) Linux
12 39 (21.55%) Agile Software Development
13 36 (19.89%) Java
14 33 (18.23%) Derivative
14 33 (18.23%) Analytics
15 32 (17.68%) Market Risk
16 31 (17.13%) SQL
17 27 (14.92%) Analytical Skills
18 25 (13.81%) Risk Management
19 24 (13.26%) .NET
19 24 (13.26%) Spreadsheet
20 22 (12.15%) Release Management
21 21 (11.60%) Monte Carlo Method
21 21 (11.60%) Degree
22 20 (11.05%) Tick Data
22 20 (11.05%) Subversion

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 11 (6.08%) CMS
2 4 (2.21%) Cloud Foundry
3 3 (1.66%) Apache Spark
4 1 (0.55%) Confluence
4 1 (0.55%) Jupyter
Applications
1 24 (13.26%) Spreadsheet
2 16 (8.84%) Microsoft Excel
Business Applications
1 4 (2.21%) FINCAD Analytics
2 1 (0.55%) ION MarketView
Cloud Services
1 4 (2.21%) Amazon AWS
1 4 (2.21%) Cloud Computing
1 4 (2.21%) Microsoft Azure
Communications & Networking
1 1 (0.55%) FIX Connectivity
Database & Business Intelligence
1 20 (11.05%) Tick Data
2 8 (4.42%) SQL Server
3 4 (2.21%) Hadoop
3 4 (2.21%) NoSQL
4 3 (1.66%) Big Data
4 3 (1.66%) Data Warehouse
4 3 (1.66%) HBase
4 3 (1.66%) SQL Server 2008
5 2 (1.10%) Oracle Database
5 2 (1.10%) Oracle Database 12c
6 1 (0.55%) Data Lake
6 1 (0.55%) KDB
Development Applications
1 20 (11.05%) Subversion
2 15 (8.29%) JIRA
3 10 (5.52%) TeamCity
4 2 (1.10%) Visual Studio
5 1 (0.55%) Git (software)
5 1 (0.55%) Jenkins
General
1 89 (49.17%) Front Office
2 86 (47.51%) Finance
3 66 (36.46%) Banking
4 49 (27.07%) Investment Banking
5 10 (5.52%) Financial Institution
6 8 (4.42%) Retail
7 2 (1.10%) French Language
8 1 (0.55%) Legal
8 1 (0.55%) Marketing
Libraries, Frameworks & Software Standards
1 24 (13.26%) .NET
2 18 (9.94%) XML
3 13 (7.18%) Boost C++ Libraries
3 13 (7.18%) STL
4 6 (3.31%) JNI
5 5 (2.76%) REST
5 5 (2.76%) Web Services
5 5 (2.76%) XSD
6 4 (2.21%) AngularJS
6 4 (2.21%) CSS
6 4 (2.21%) HTML
6 4 (2.21%) Node.js
6 4 (2.21%) XML-RPC
7 3 (1.66%) FIX Protocol
8 2 (1.10%) FpML
9 1 (0.55%) Celery
9 1 (0.55%) COM
9 1 (0.55%) Pandas
9 1 (0.55%) SciPy
9 1 (0.55%) XSLT
Miscellaneous
1 48 (26.52%) Foreign Exchange (FX)
2 41 (22.65%) Computer Science
3 40 (22.10%) Fixed Income
4 33 (18.23%) Derivative
5 32 (17.68%) Market Risk
6 27 (14.92%) Analytical Skills
7 18 (9.94%) Algorithms
8 14 (7.73%) Credit Risk
9 11 (6.08%) CUDA
9 11 (6.08%) Interest Rate Derivative
9 11 (6.08%) Swaptions
10 10 (5.52%) Management Information System
11 7 (3.87%) Equities
12 6 (3.31%) Fintech
13 3 (1.66%) Credit Derivative
13 3 (1.66%) Hedge funds
14 2 (1.10%) Greenfield Project
14 2 (1.10%) Grid Computing
15 1 (0.55%) Equity Derivative
15 1 (0.55%) OTC Derivatives
Operating Systems
1 49 (27.07%) Windows
2 39 (21.55%) Linux
3 4 (2.21%) Unix
4 3 (1.66%) Windows 7
Processes & Methodologies
1 66 (36.46%) Mathematics
2 49 (27.07%) Quantitative Research
3 39 (21.55%) Agile Software Development
4 33 (18.23%) Analytics
5 25 (13.81%) Risk Management
6 22 (12.15%) Release Management
7 21 (11.60%) Monte Carlo Method
8 19 (10.50%) Quantitative Finance
8 19 (10.50%) TDD
9 17 (9.39%) Memory Management
9 17 (9.39%) OO
9 17 (9.39%) Physics
9 17 (9.39%) PnL Attribution
10 15 (8.29%) Multithreading
10 15 (8.29%) Risk Analytics
11 14 (7.73%) OOP
12 12 (6.63%) Asset Management
12 12 (6.63%) Validation
13 11 (6.08%) Migration
13 11 (6.08%) SDLC
Programming Languages
1 131 (72.38%) C++
2 81 (44.75%) Python
3 70 (38.67%) C#
4 36 (19.89%) Java
5 31 (17.13%) SQL
6 11 (6.08%) VBA
7 10 (5.52%) R
8 6 (3.31%) MATLAB
9 5 (2.76%) C
9 5 (2.76%) JavaScript
10 3 (1.66%) PL/SQL
10 3 (1.66%) Scala
11 1 (0.55%) VC++
Qualifications
1 60 (33.15%) PhD
2 21 (11.60%) Degree
3 9 (4.97%) Numerate Degree
4 1 (0.55%) MBA
Quality Assurance & Compliance
1 10 (5.52%) QA
2 5 (2.76%) MiFID
3 1 (0.55%) Basel III
System Software
1 3 (1.66%) Apache ZooKeeper
1 3 (1.66%) HDFS
Vendors
1 17 (9.39%) Bloomberg
1 17 (9.39%) Microsoft
2 15 (8.29%) Reuters
3 5 (2.76%) Oracle
4 2 (1.10%) FactSet
5 1 (0.55%) ION Trading
5 1 (0.55%) Solace
5 1 (0.55%) Sybase
London
TEKsystems
Rate: £600 - £700 per day
Posted: Yesterday
London
Hays London City Cheapside
Rate: £650.00 - £730.00 per day
Posted: 6 days ago