Period
to 24 November 2017

The median contractor rate for a Quantitative Risk Analyst was £875 per day in advertised job vacancies during the 6 months to 24 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.

Quantitative Risk Analyst
UK
6 months to
24 Nov 2017
Same period 2016 Same period 2015
Rank 830 849 886
Rank change year-on-year +19 +37 -17
Contract jobs requiring a Quantitative Risk Analyst 66 37 8
As % of all contract IT jobs advertised in the UK 0.064% 0.035% 0.007%
As % of the Job Titles category 0.068% 0.037% 0.007%
Number of daily rates quoted 57 26 8
UK median daily rate £875 £738 £650
Median daily rate % change year-on-year +18.64% +13.46% -3.70%
10th Percentile £738 £588 £528
90th Percentile £950 £925 £758
UK excluding London median daily rate - - -
Number of hourly rates quoted 0 0 0
UK median hourly rate - - -
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 97695 99488 108685
% of contract IT jobs with a recognized job title 94.79% 94.75% 94.91%
Number of daily rates quoted 64489 64865 69136
UK median daily rate £450 £425 £400
Median daily rate % change year-on-year +5.88% +6.25% -
10th Percentile £260 £250 £250
90th Percentile £625 £600 £588
UK excluding London median daily rate £400 £393 £375
% change year-on-year +1.91% +4.67% +3.45%
Number of hourly rates quoted 2905 3326 4142
UK median hourly rate £18.69 £18.00 £18.00
Median hourly rate % change year-on-year +3.81% - +9.09%
10th Percentile £10.93 £10.50 £10.50
90th Percentile £47.83 £47.45 £45.00
UK excluding London median hourly rate £17.50 £17.50 £17.50

Quantitative Risk Analyst
Job Vacancy Trend

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

Job vacancy trend for Quantitative Risk Analyst in the UK

Quantitative Risk Analyst
Contractor Daily Rate Trend

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

Contractor daily rate trend for Quantitative Risk Analyst in the UK

Quantitative Risk Analyst
Contractor Daily Rate Histogram

The daily rate distribution of IT jobs citing Quantitative Risk Analyst over the 6 months to 24 November 2017.

Contractor daily rate histogram for Quantitative Risk Analyst in the UK

Quantitative Risk Analyst
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 Risk Analyst within the UK over the 6 months to 24 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 +22 66 £875 +18.64%
London +20 66 £875 +18.64%

Quantitative Risk Analyst Skill Set
Top 30 Co-occurring IT Skills

For the 6 months to 24 November 2017, Quantitative Risk Analyst 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 Risk Analyst in the job title.

1 53 (80.30%) C#
1 53 (80.30%) C++
2 43 (65.15%) Front Office
3 41 (62.12%) Finance
3 41 (62.12%) Market Risk
4 36 (54.55%) Mathematics
4 36 (54.55%) Validation
5 35 (53.03%) Derivative
5 35 (53.03%) Physics
5 35 (53.03%) Stochastic Modelling
6 34 (51.52%) QA
6 34 (51.52%) Quantitative Finance
7 33 (50.00%) Internal Audit
7 33 (50.00%) Benchmarking
8 28 (42.42%) Investment Banking
8 28 (42.42%) Banking
9 22 (33.33%) Credit Risk
10 20 (30.30%) Credit Risk Modelling
11 15 (22.73%) PnL Attribution
12 10 (15.15%) Stress Testing
13 8 (12.12%) Hadoop
13 8 (12.12%) R
13 8 (12.12%) Big Data
13 8 (12.12%) Agile Software Development
13 8 (12.12%) Scenario Testing
14 7 (10.61%) Risk Management
15 5 (7.58%) Back Office
16 3 (4.55%) Stakeholder Management
16 3 (4.55%) Python
16 3 (4.55%) JIRA

Quantitative Risk Analyst 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 1 (1.52%) SAS
Database & Business Intelligence
1 8 (12.12%) Big Data
1 8 (12.12%) Hadoop
Development Applications
1 3 (4.55%) JIRA
General
1 43 (65.15%) Front Office
2 41 (62.12%) Finance
3 28 (42.42%) Banking
3 28 (42.42%) Investment Banking
4 5 (7.58%) Back Office
5 1 (1.52%) Retail
Miscellaneous
1 41 (62.12%) Market Risk
2 35 (53.03%) Derivative
3 22 (33.33%) Credit Risk
4 1 (1.52%) Analytical Skills
4 1 (1.52%) Computer Science
Processes & Methodologies
1 36 (54.55%) Mathematics
1 36 (54.55%) Validation
2 35 (53.03%) Physics
2 35 (53.03%) Stochastic Modelling
3 34 (51.52%) Quantitative Finance
4 33 (50.00%) Benchmarking
4 33 (50.00%) Internal Audit
5 20 (30.30%) Credit Risk Modelling
6 15 (22.73%) PnL Attribution
7 10 (15.15%) Stress Testing
8 8 (12.12%) Agile Software Development
8 8 (12.12%) Scenario Testing
9 7 (10.61%) Risk Management
10 3 (4.55%) Analytics
10 3 (4.55%) Data Analytics
10 3 (4.55%) Stakeholder Management
11 2 (3.03%) Machine Learning
12 1 (1.52%) Quantitative Risk Management
12 1 (1.52%) Statistical Modelling
12 1 (1.52%) Stochastic Calculus
Programming Languages
1 53 (80.30%) C#
1 53 (80.30%) C++
2 8 (12.12%) R
3 3 (4.55%) Python
4 2 (3.03%) SQL
5 1 (1.52%) MATLAB
Qualifications
1 2 (3.03%) Degree
2 1 (1.52%) Master's Degree
Quality Assurance & Compliance
1 34 (51.52%) QA
2 1 (1.52%) MiFID