Period
to 17 November 2017

The median annual salary for a Quantitative Developer was £107,500 in advertised job vacancies in the City of London during the 6 months to 17 November 2017.

The first table below provides salary benchmarking and summary statistics including a comparison to same period in the previous 2 years.

Quant Developer
Central London > City of London
6 months to
17 Nov 2017
Same period 2016 Same period 2015
Rank 273 271 315
Rank change year-on-year -2 +44 +99
Permanent jobs requiring a Quantitative Developer 54 82 113
As % of all permanent IT jobs advertised in the City of London 0.53% 0.70% 0.65%
As % of the Job Titles category 0.56% 0.73% 0.68%
Number of salaries quoted 47 72 103
City of London median annual salary £107,500 £82,500 £95,000
Median salary % change year-on-year +30.30% -13.16% +35.71%
10th Percentile £56,250 £56,250 £58,750
90th Percentile £132,500 £118,750 £115,000
Central London median annual salary £107,500 £82,500 £95,000
% change year-on-year +30.30% -13.16% +31.03%

The following table is for comparison with the above and includes summary statistics for all permanent IT job vacancies advertised in the City of London. 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 permanent jobs in our overall sample.

All Permanent IT Job Vacancies
City of London
Permanent vacancies in the City of London with a recognized job title 9693 11285 16633
% of permanent IT jobs with a recognized job title 94.79% 96.38% 95.79%
Number of salaries quoted 8779 10283 14445
City of London median annual salary £60,000 £57,500 £55,000
Median salary % change year-on-year +4.35% +4.55% -
10th Percentile £34,000 £33,750 £32,500
90th Percentile £92,500 £88,750 £87,500
Central London median annual salary £58,500 £57,500 £55,000
% change year-on-year +1.74% +4.55% -

Quantitative Developer
Job Vacancy Trend in the City of London

Job postings that featured Quantitative Developer in the job title as a percentage of all IT jobs advertised in the City of London.

Job vacancy trend for Quantitative Developer in the City of London

Quantitative Developer
Salary Trend in the City of London

This chart provides the 3-month moving average for salaries quoted in permanent IT jobs citing Quantitative Developer in the City of London.

Salary trend for Quantitative Developer in the City of London

Quantitative Developer
Salary Histogram in the City of London

The salary distribution of IT jobs citing Quantitative Developer in the City of London over the 6 months to 17 November 2017.

Salary histogram for Quantitative Developer in the City of London

Quantitative Developer Skill Set
Top 30 Co-occurring IT Skills in the City of London

For the 6 months to 17 November 2017, Quantitative Developer job roles required the following IT skills in order of popularity. The figures indicate the number co-occurrences and its proportion to all job ads across the City of London region featuring Quantitative Developer in the job title.

1 32 (59.26%) Java
2 29 (53.70%) Finance
3 26 (48.15%) Algorithmic Trading
4 23 (42.59%) C++
5 22 (40.74%) Python
5 22 (40.74%) Foreign Exchange (FX)
5 22 (40.74%) Mathematics
6 21 (38.89%) Front Office
7 15 (27.78%) Hedge funds
8 13 (24.07%) Equities
8 13 (24.07%) Agile Software Development
9 12 (22.22%) Derivative
9 12 (22.22%) Multithreading
9 12 (22.22%) Electronic Trading
9 12 (22.22%) Low Latency
10 11 (20.37%) Algorithms
10 11 (20.37%) Degree
10 11 (20.37%) Risk Management
11 9 (16.67%) C#
11 9 (16.67%) SQL
11 9 (16.67%) Performance Tuning
11 9 (16.67%) Machine Learning
12 8 (14.81%) VBA
12 8 (14.81%) Scrum
13 7 (12.96%) PhD
13 7 (12.96%) Systematic Trading
13 7 (12.96%) Analytics
13 7 (12.96%) Computer Science
14 6 (11.11%) R
14 6 (11.11%) Fintech

Quantitative Developer Skill Set
Co-occurring IT Skills in the City of London 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 2 (3.70%) Apache Spark
1 2 (3.70%) SAS
Applications
1 5 (9.26%) Microsoft Excel
Database & Business Intelligence
1 4 (7.41%) KDB
2 3 (5.56%) SQL Server
3 2 (3.70%) Big Data
3 2 (3.70%) Hadoop
4 1 (1.85%) MongoDB
Development Applications
1 3 (5.56%) JIRA
2 1 (1.85%) Maven
General
1 29 (53.70%) Finance
2 21 (38.89%) Front Office
3 6 (11.11%) Banking
4 3 (5.56%) Back Office
4 3 (5.56%) Investment Banking
5 1 (1.85%) International Banking
Libraries, Frameworks & Software Standards
1 3 (5.56%) FIX Protocol
1 3 (5.56%) HTML
1 3 (5.56%) HTML5
1 3 (5.56%) J2SE
1 3 (5.56%) Java SE
2 2 (3.70%) Middleware
3 1 (1.85%) .NET
3 1 (1.85%) AngularJS
3 1 (1.85%) ASP.NET
3 1 (1.85%) Boost C++ Libraries
3 1 (1.85%) Esper
3 1 (1.85%) NumPy
3 1 (1.85%) Pandas
3 1 (1.85%) Pyramid
3 1 (1.85%) SciPy
3 1 (1.85%) STL
Miscellaneous
1 22 (40.74%) Foreign Exchange (FX)
2 15 (27.78%) Hedge funds
3 13 (24.07%) Equities
4 12 (22.22%) Derivative
5 11 (20.37%) Algorithms
6 7 (12.96%) Computer Science
7 6 (11.11%) Fintech
8 4 (7.41%) Analytical Skills
8 4 (7.41%) Fixed Income
9 2 (3.70%) Credit Risk
9 2 (3.70%) Greenfield Project
9 2 (3.70%) Market Risk
10 1 (1.85%) Contract for Difference
10 1 (1.85%) Swaptions
Operating Systems
1 1 (1.85%) Linux
Processes & Methodologies
1 26 (48.15%) Algorithmic Trading
2 22 (40.74%) Mathematics
3 13 (24.07%) Agile Software Development
4 12 (22.22%) Electronic Trading
4 12 (22.22%) Low Latency
4 12 (22.22%) Multithreading
5 11 (20.37%) Risk Management
6 9 (16.67%) Machine Learning
6 9 (16.67%) Performance Tuning
7 8 (14.81%) Scrum
8 7 (12.96%) Analytics
8 7 (12.96%) Systematic Trading
9 6 (11.11%) OO
9 6 (11.11%) Quantitative Finance
9 6 (11.11%) Statistics
10 4 (7.41%) Quantitative Research
11 3 (5.56%) Concurrent Programming
11 3 (5.56%) Portfolio Management
11 3 (5.56%) Risk Analytics
11 3 (5.56%) Stochastic Calculus
Programming Languages
1 32 (59.26%) Java
2 23 (42.59%) C++
3 22 (40.74%) Python
4 9 (16.67%) C#
4 9 (16.67%) SQL
5 8 (14.81%) VBA
6 6 (11.11%) R
7 5 (9.26%) MATLAB
8 1 (1.85%) C
8 1 (1.85%) JavaScript
Qualifications
1 11 (20.37%) Degree
2 7 (12.96%) PhD
3 5 (9.26%) Numerate Degree
4 2 (3.70%) Computer Science Degree
5 1 (1.85%) Master's Degree
Quality Assurance & Compliance
1 2 (3.70%) Basel III
1 2 (3.70%) MiFID
Vendors
1 1 (1.85%) Oracle