Period
to 17 November 2017

The following table provides summary statistics for contract job vacancies with a requirement for Quantitative Risk Management skills. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Quantitative Risk Management over the 6 months to 17 November 2017 with a comparison to the 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 Management (QRM)
UK
6 months to
17 Nov 2017
Same period 2016 Same period 2015
Rank 866 883 878
Rank change year-on-year +17 -5 -30
Contract jobs citing Quantitative Risk Management 12 11 15
As % of all contract IT jobs advertised in the UK 0.012% 0.010% 0.013%
As % of the Processes & Methodologies category 0.014% 0.012% 0.016%
Number of daily rates quoted 10 0 14
UK median daily rate £750 - £625
10th Percentile £348 - £478
90th Percentile £913 - £749
UK excluding London median daily rate - - £625
Number of hourly rates quoted 0 0 0
UK median hourly rate - - -
UK excluding London median hourly rate - - -

Quantitative Risk Management is in the Processes and Methodologies category. The following table is for comparison with the above and provides summary statistics for all contract job vacancies with a requirement for process or methodology skills.

All Process and Methodology Skills
UK
Contract vacancies with a requirement for process or methodology skills 86890 88941 94016
As % of all contract IT jobs advertised in the UK 84.52% 83.93% 81.79%
Number of daily rates quoted 57867 58786 60918
UK median daily rate £450 £425 £413
Median daily rate % change year-on-year +5.88% +3.03% +3.13%
10th Percentile £281 £263 £263
90th Percentile £626 £600 £600
UK excluding London median daily rate £400 £400 £385
% change year-on-year - +3.90% +2.67%
Number of hourly rates quoted 2052 2351 2749
UK median hourly rate £23.75 £24.00 £22.50
Median hourly rate % change year-on-year -1.04% +6.67% +18.42%
10th Percentile £11.43 £11.25 £11.50
90th Percentile £49.75 £48.75 £47.71
UK excluding London median hourly rate £24.02 £24.37 £23.35
% change year-on-year -1.42% +4.35% +16.75%

Quantitative Risk Management
Job Vacancy Trend

Job postings citing Quantitative Risk Management as a percentage of all IT jobs advertised.

Job vacancy trend for Quantitative Risk Management in the UK

Quantitative Risk Management
Contractor Daily Rate Trend

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

Contractor daily rate trend for Quantitative Risk Management in the UK

Quantitative Risk Management
Contractor Daily Rate Histogram

The daily rate distribution of IT jobs citing Quantitative Risk Management over the 6 months to 17 November 2017.

Contractor daily rate histogram for Quantitative Risk Management in the UK

Quantitative Risk Management
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 Management within the UK over the 6 months to 17 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 +19 12 £750 - 3
London -3 12 £750 - 3

For the 6 months to 17 November 2017, IT contractor jobs citing Quantitative Risk Management also mentioned the following skills in order of popularity. The figures indicate the number co-occurrences and its proportion to all contract ads with a requirement for Quantitative Risk Management.

1 9 (75.00%) Risk Management
2 8 (66.67%) Finance
3 6 (50.00%) Linux
3 6 (50.00%) Front Office
3 6 (50.00%) C++
3 6 (50.00%) Java
3 6 (50.00%) PhD
3 6 (50.00%) Foreign Exchange (FX)
3 6 (50.00%) Algorithmic Trading
3 6 (50.00%) Data Structures
3 6 (50.00%) Market Making
3 6 (50.00%) Analytics
3 6 (50.00%) Low Latency
4 5 (41.67%) SQL
5 3 (25.00%) KDB
5 3 (25.00%) Analytical Skills
5 3 (25.00%) Banking
6 2 (16.67%) Degree
6 2 (16.67%) Fixed Income
6 2 (16.67%) Multithreading
7 1 (8.33%) Financial Analysis
7 1 (8.33%) Stakeholder Engagement
7 1 (8.33%) High Availability
7 1 (8.33%) Change Control
7 1 (8.33%) Capacity Management
7 1 (8.33%) Machine Learning
7 1 (8.33%) C#
7 1 (8.33%) Legal
7 1 (8.33%) Validation
7 1 (8.33%) Stakeholder Management

Quantitative Risk Management
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 (8.33%) SharePoint
Applications
1 1 (8.33%) Microsoft Excel
1 1 (8.33%) Microsoft Office
Business Applications
1 1 (8.33%) Dynamics CRM
Communications & Networking
1 1 (8.33%) FTP
Database & Business Intelligence
1 3 (25.00%) KDB
2 1 (8.33%) SQL Server
General
1 8 (66.67%) Finance
2 6 (50.00%) Front Office
3 3 (25.00%) Banking
4 1 (8.33%) Legal
Job Titles
1 7 (58.33%) Developer
2 6 (50.00%) Senior Developer
3 4 (33.33%) Analyst
3 4 (33.33%) C++ Developer
3 4 (33.33%) C++/Java Developer
3 4 (33.33%) Java Developer
3 4 (33.33%) Linux Developer
3 4 (33.33%) Senior C++ Developer
3 4 (33.33%) Senior Java Developer
3 4 (33.33%) Senior SQL Developer
3 4 (33.33%) SQL Developer
4 1 (8.33%) KDB Developer
4 1 (8.33%) Machine Learning Analyst
4 1 (8.33%) Machine Learning Developer
4 1 (8.33%) Quantitative Analyst Developer
4 1 (8.33%) Quantitative Consultant
4 1 (8.33%) Quantitative Risk Consultant
4 1 (8.33%) Quantitative Specialist
4 1 (8.33%) SharePoint Analyst
4 1 (8.33%) SQL Analyst
Libraries, Frameworks & Software Standards
1 1 (8.33%) COM+
1 1 (8.33%) Web Services
Miscellaneous
1 6 (50.00%) Data Structures
1 6 (50.00%) Foreign Exchange (FX)
2 3 (25.00%) Analytical Skills
3 2 (16.67%) Fixed Income
4 1 (8.33%) Credit Risk
4 1 (8.33%) Market Risk
Operating Systems
1 6 (50.00%) Linux
Processes & Methodologies
1 9 (75.00%) Risk Management
2 6 (50.00%) Algorithmic Trading
2 6 (50.00%) Analytics
2 6 (50.00%) Low Latency
2 6 (50.00%) Market Making
3 2 (16.67%) Multithreading
4 1 (8.33%) Business Intelligence
4 1 (8.33%) Capacity Management
4 1 (8.33%) Change Control
4 1 (8.33%) CRM
4 1 (8.33%) Financial Analysis
4 1 (8.33%) High Availability
4 1 (8.33%) Incident Management
4 1 (8.33%) ITIL
4 1 (8.33%) Machine Learning
4 1 (8.33%) Project Management
4 1 (8.33%) Stakeholder Engagement
4 1 (8.33%) Stakeholder Management
4 1 (8.33%) Use Case
4 1 (8.33%) Validation
Programming Languages
1 6 (50.00%) C++
1 6 (50.00%) Java
2 5 (41.67%) SQL
3 1 (8.33%) C#
3 1 (8.33%) VB
Qualifications
1 6 (50.00%) PhD
2 2 (16.67%) Degree
Quality Assurance & Compliance
1 1 (8.33%) MiFID
1 1 (8.33%) PMO
1 1 (8.33%) QA
Systems Management
1 1 (8.33%) Systems Management Server (SMS)
Vendors
1 1 (8.33%) Microsoft