The median contractor rate for a Quantitative Developer was £625 per day in advertised job vacancies during the 3 months to 25 March 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.

3 months to
25 Mar 2017
Same period 2016 Same period 2015
Quant Developer
UK
Rank 488 584 589
Rank change year-on-year +96 +5  
Contract jobs requiring a Quantitative Developer 105 60 35
As % of all contract IT jobs advertised in the UK 0.23% 0.11% 0.066%
As % of the Job Titles category 0.24% 0.12% 0.070%
Number of daily rates quoted 95 55 30
Median daily rate £625 £675 £663
Median daily rate % change year-on-year -7.40% +1.88%  
90% offered a daily rate of more than £600 £550 £493
10% offered a daily rate of more than £750 £750 £752
UK excluding London median daily rate £650 £700 -
% change year-on-year -7.14% -  
Number of hourly rates quoted 1 0 0
Median hourly rate £56.00 - -
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 42948 50649 50145
As % of all contract IT job vacancies advertised in the UK 94.81% 95.19% 94.81%
Number of daily rates quoted 27820 32762 30258
Median daily rate £425 £425 £400
Median daily rate % change year-on-year - +6.25%  
90% offered a daily rate of more than £260 £260 £238
10% offered a daily rate of more than £600 £600 £550
UK excluding London median daily rate £400 £388 £375
% change year-on-year +3.22% +3.33%  
Number of hourly rates quoted 1510 1586 1994
Median hourly rate £18.00 £19.00 £17.50
Median hourly rate % change year-on-year -5.26% +8.57%  
90% offered a hourly rate of more than £11.25 £11.50 £11.00
10% offered a hourly rate of more than £47.50 £48.00 £42.50
UK excluding London median hourly rate £17.50 £20.00 £17.22
% change year-on-year -12.50% +16.14%  

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 25 March 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 hourly rates quoted in IT contractor jobs citing Quantitative Developer.

Contractor hourly rate trend for Quantitative Developer in the UK

Quantitative Developer
Top 6 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 25 March 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 +76 105 £625 -5.66% 7
London +80 104 £625 -5.66% 7
City of London +9 16 £713 +5.55% 2
Cambridge - 1 £650 -
Cambridgeshire - 1 £650 -
East of England - 1 £650 -

Quantitative Developer Skill Set
Top 30 Related IT Skills

For the 6 months to 25 March 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.

1 122 (73.05%) C++
2 76 (45.51%) Front Office
3 75 (44.91%) Finance
3 75 (44.91%) C#
4 63 (37.72%) Banking
5 59 (35.33%) Mathematics
5 59 (35.33%) Python
6 49 (29.34%) PhD
7 46 (27.54%) Investment Banking
8 41 (24.55%) Fixed Income
9 37 (22.16%) Agile Software Development
10 36 (21.56%) Foreign Exchange (FX)
11 35 (20.96%) Windows
12 33 (19.76%) Market Risk
13 32 (19.16%) Derivative
13 32 (19.16%) Subversion
13 32 (19.16%) OO
14 31 (18.56%) Linux
14 31 (18.56%) Java
15 30 (17.96%) Computer Science
16 27 (16.17%) SQL
17 25 (14.97%) OOP
17 25 (14.97%) Monte Carlo Method
18 24 (14.37%) Risk Management
19 22 (13.17%) Quantitative Finance
19 22 (13.17%) Analytics
20 21 (12.57%) Algorithms
21 18 (10.78%) PnL Attribution
21 18 (10.78%) JIRA
21 18 (10.78%) TDD

Quantitative Developer Skill Set
Top Related 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 1 (0.60%) Apache Spark
1 1 (0.60%) CMS
1 1 (0.60%) Jupyter
1 1 (0.60%) SAS
Applications
1 15 (8.98%) Spreadsheet
2 5 (2.99%) MS Office
3 3 (1.80%) MS Excel
Business Applications
1 4 (2.40%) FINCAD Analytics
2 1 (0.60%) ION MarketView
Database & Business Intelligence
1 14 (8.38%) Tick Data
2 8 (4.79%) SQL Server
3 3 (1.80%) Data Warehouse
3 3 (1.80%) SQL Server 2008
4 2 (1.20%) Big Data
4 2 (1.20%) Hadoop
4 2 (1.20%) Oracle Database
4 2 (1.20%) Oracle Database 12c
5 1 (0.60%) Data Lake
5 1 (0.60%) HBase
5 1 (0.60%) MySQL
Development Applications
1 32 (19.16%) Subversion
2 18 (10.78%) JIRA
3 12 (7.19%) TeamCity
4 1 (0.60%) Git (software)
4 1 (0.60%) Jenkins
4 1 (0.60%) Visual Studio
General
1 76 (45.51%) Front Office
2 75 (44.91%) Finance
3 63 (37.72%) Banking
4 46 (27.54%) Investment Banking
5 6 (3.59%) Retail
6 4 (2.40%) Financial Institution
7 1 (0.60%) Back Office
7 1 (0.60%) Marketing
Libraries, Frameworks & Software Standards
1 14 (8.38%) .NET
2 8 (4.79%) XML
3 5 (2.99%) XSD
4 3 (1.80%) Boost C++ Libraries
4 3 (1.80%) STL
5 2 (1.20%) .NET Framework
5 2 (1.20%) FpML
6 1 (0.60%) Celery
6 1 (0.60%) COM
6 1 (0.60%) FIX Protocol
6 1 (0.60%) JNI
6 1 (0.60%) RESTful
6 1 (0.60%) Web Services
6 1 (0.60%) XSLT
Miscellaneous
1 41 (24.55%) Fixed Income
2 36 (21.56%) Foreign Exchange (FX)
3 33 (19.76%) Market Risk
4 32 (19.16%) Derivative
5 30 (17.96%) Computer Science
6 21 (12.57%) Algorithms
7 12 (7.19%) Credit Risk
8 11 (6.59%) Equities
8 11 (6.59%) Management Information System
9 10 (5.99%) Analytical Skills
9 10 (5.99%) CUDA
10 5 (2.99%) OTC Derivatives
11 3 (1.80%) Credit Derivative
11 3 (1.80%) Grid Computing
12 2 (1.20%) Fintech
13 1 (0.60%) Hedge funds
13 1 (0.60%) Interest Rate Derivative
13 1 (0.60%) Life Science
13 1 (0.60%) Reference Data
13 1 (0.60%) Swaptions
Operating Systems
1 35 (20.96%) Windows
2 31 (18.56%) Linux
3 1 (0.60%) Windows 7
Processes & Methodologies
1 59 (35.33%) Mathematics
2 37 (22.16%) Agile Software Development
3 32 (19.16%) OO
4 25 (14.97%) Monte Carlo Method
4 25 (14.97%) OOP
5 24 (14.37%) Risk Management
6 22 (13.17%) Analytics
6 22 (13.17%) Quantitative Finance
7 18 (10.78%) PnL Attribution
7 18 (10.78%) TDD
8 14 (8.38%) Physics
9 13 (7.78%) SDLC
10 12 (7.19%) Memory Management
10 12 (7.19%) Quality Management
10 12 (7.19%) Software Testing
11 11 (6.59%) Cross-Platform Development
11 11 (6.59%) Migration
11 11 (6.59%) Release Management
12 10 (5.99%) Continuous Integration
13 9 (5.39%) Economics
Programming Languages
1 122 (73.05%) C++
2 75 (44.91%) C#
3 59 (35.33%) Python
4 31 (18.56%) Java
5 27 (16.17%) SQL
6 14 (8.38%) MATLAB
7 10 (5.99%) R
8 9 (5.39%) VBA
9 7 (4.19%) C
10 3 (1.80%) Ada
10 3 (1.80%) PL/SQL
11 1 (0.60%) JavaScript
11 1 (0.60%) Rust
11 1 (0.60%) Scala
11 1 (0.60%) VC++
Qualifications
1 49 (29.34%) PhD
2 15 (8.98%) Degree
Quality Assurance & Compliance
1 12 (7.19%) QA
System Software
1 1 (0.60%) Apache ZooKeeper
1 1 (0.60%) HDFS
Vendors
1 16 (9.58%) Bloomberg
2 14 (8.38%) Reuters
3 6 (3.59%) Microsoft
3 6 (3.59%) Oracle
4 5 (2.99%) Algorithmics
5 2 (1.20%) FactSet
6 1 (0.60%) ION Trading
6 1 (0.60%) Solace
6 1 (0.60%) Sophis
6 1 (0.60%) Sybase
London
Streamline Connections
Rate: £500 - £600 per day
Posted: 5 days ago