Period
to 20 November 2017

The median contractor rate for a Senior Quantitative Analyst was £575 per day in advertised job vacancies during the 6 months to 20 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.

Senior Quant Analyst
UK
6 months to
20 Nov 2017
Same period 2016 Same period 2015
Rank 866 887 878
Rank change year-on-year +21 -9 +12
Contract jobs requiring a Senior Quantitative Analyst 13 1 8
As % of all contract IT jobs advertised in the UK 0.013% 0.001% 0.007%
As % of the Job Titles category 0.013% 0.001% 0.007%
Number of daily rates quoted 8 1 2
UK median daily rate £575 £750 £713
Median daily rate % change year-on-year -23.33% +5.26% -16.18%
10th Percentile £500 £750 £681
90th Percentile £789 £750 £744
UK excluding London median daily rate - - -
Number of hourly rates quoted 1 0 0
UK median hourly rate £35.50 - -
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 96939 98568 108531
% of contract IT jobs with a recognized job title 94.79% 94.76% 94.90%
Number of daily rates quoted 63924 64295 69051
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 2896 3271 4142
UK median hourly rate £18.70 £18.00 £18.00
Median hourly rate % change year-on-year +3.89% - +9.09%
10th Percentile £10.96 £10.50 £10.50
90th Percentile £47.83 £47.50 £45.00
UK excluding London median hourly rate £17.50 £17.50 £17.50

Senior Quantitative Analyst
Job Vacancy Trend

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

Job vacancy trend for Senior Quantitative Analyst in the UK

Senior Quantitative Analyst
Contractor Daily Rate Trend

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

Contractor daily rate trend for Senior Quantitative Analyst in the UK

Senior Quantitative Analyst
Contractor Daily Rate Histogram

The daily rate distribution of IT jobs citing Senior Quantitative Analyst over the 6 months to 20 November 2017.

Contractor daily rate histogram for Senior Quantitative Analyst in the UK

Senior Quantitative 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 Senior Quantitative Analyst within the UK over the 6 months to 20 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 +38 12 £575 -23.33% 1
London -5 12 £575 -23.33% 1

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

For the 6 months to 20 November 2017, Senior Quantitative 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 Senior Quantitative Analyst in the job title.

1 12 (92.31%) Finance
2 8 (61.54%) Front Office
2 8 (61.54%) R
3 7 (53.85%) Banking
4 6 (46.15%) SQL
4 6 (46.15%) Market Risk
4 6 (46.15%) Analytical Skills
5 5 (38.46%) Scenario Testing
5 5 (38.46%) Stress Testing
5 5 (38.46%) Mathematics
5 5 (38.46%) Hadoop
5 5 (38.46%) Big Data
5 5 (38.46%) Foreign Exchange (FX)
5 5 (38.46%) Back Office
5 5 (38.46%) Risk Management
5 5 (38.46%) Validation
5 5 (38.46%) Agile Software Development
5 5 (38.46%) Investment Banking
6 4 (30.77%) Stochastic Modelling
7 3 (23.08%) Decision Tree
7 3 (23.08%) GARCH
7 3 (23.08%) Prototyping
7 3 (23.08%) Bayesian Methods
7 3 (23.08%) Time Series Analysis
7 3 (23.08%) Analytics
7 3 (23.08%) Cluster Analysis
7 3 (23.08%) Regression Analysis
7 3 (23.08%) Monte Carlo Method
7 3 (23.08%) Statistics
7 3 (23.08%) MATLAB

Senior Quantitative 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:

Applications
1 1 (7.69%) Microsoft Excel
Database & Business Intelligence
1 5 (38.46%) Big Data
1 5 (38.46%) Hadoop
2 3 (23.08%) Data Mining
3 2 (15.38%) Blockchain
General
1 12 (92.31%) Finance
2 8 (61.54%) Front Office
3 7 (53.85%) Banking
4 5 (38.46%) Back Office
4 5 (38.46%) Investment Banking
Miscellaneous
1 6 (46.15%) Analytical Skills
1 6 (46.15%) Market Risk
2 5 (38.46%) Foreign Exchange (FX)
3 1 (7.69%) Derivative
Processes & Methodologies
1 5 (38.46%) Agile Software Development
1 5 (38.46%) Mathematics
1 5 (38.46%) Risk Management
1 5 (38.46%) Scenario Testing
1 5 (38.46%) Stress Testing
1 5 (38.46%) Validation
2 4 (30.77%) Stochastic Modelling
3 3 (23.08%) Analytics
3 3 (23.08%) Bayesian Methods
3 3 (23.08%) Cluster Analysis
3 3 (23.08%) Decision Tree
3 3 (23.08%) GARCH
3 3 (23.08%) Monte Carlo Method
3 3 (23.08%) Prototyping
3 3 (23.08%) Regression Analysis
3 3 (23.08%) Statistics
3 3 (23.08%) Time Series Analysis
4 2 (15.38%) Change Management
4 2 (15.38%) Quantitative Finance
5 1 (7.69%) Data Analysis
Programming Languages
1 8 (61.54%) R
2 6 (46.15%) SQL
3 3 (23.08%) MATLAB
4 1 (7.69%) C#
4 1 (7.69%) C++
4 1 (7.69%) Python
Qualifications
1 1 (7.69%) Degree
1 1 (7.69%) Master's Degree
1 1 (7.69%) PhD
Quality Assurance & Compliance
1 1 (7.69%) QA
Vendors
1 1 (7.69%) Microsoft