Period
to 18 January 2022

The median annual salary for a Quantitative Developer was £85,000 in advertised job vacancies in the City of London during the 6 months to 18 January 2022.

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
18 Jan 2022
Same period 2021 Same period 2020
Rank 233 165 259
Rank change year-on-year -68 +94 +53
Permanent jobs requiring a Quantitative Developer 21 51 48
As % of all permanent jobs advertised in the City of London 0.34% 1.20% 0.53%
As % of the Job Titles category 0.36% 1.29% 0.55%
Number of salaries quoted 21 42 45
10th Percentile £76,250 £77,625 £60,000
25th Percentile £77,500 £79,063 £82,500
Median annual salary (50th Percentile) £85,000 £105,000 £105,000
Median % change year-on-year -19.05% - +2.44%
75th Percentile £92,500 £132,500 £131,250
90th Percentile £136,250 £163,375 £140,000
Central London median annual salary £85,000 £105,000 £105,000
% change year-on-year -19.05% - +9.09%

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 5,803 3,956 8,699
% of permanent IT jobs with a recognized job title 94.07% 93.28% 95.32%
Number of salaries quoted 5,139 3,464 7,626
10th Percentile £41,850 £42,500 £36,250
25th Percentile £55,000 £53,750 £48,750
Median annual salary (50th Percentile) £72,500 £70,000 £65,000
Median % change year-on-year +3.57% +7.69% -
75th Percentile £92,500 £87,500 £82,500
90th Percentile £110,000 £105,000 £97,500
Central London median annual salary £70,000 £70,000 £65,000
% change year-on-year - +7.69% +4.00%

Quantitative Developer
Job Vacancy Trend in the City of London

Job postings that featured Quantitative Developer in the job title as a proportion 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

3-month moving average salary quoted in 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

Salary distribution for jobs citing Quantitative Developer in the City of London over the 6 months to 18 January 2022.

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 18 January 2022, Quantitative Developer job roles required the following IT skills in order of popularity. The figures indicate the absolute number co-occurrences and as a proportion of all permanent job ads across the City of London region featuring Quantitative Developer in the job title.

1 18 (85.71%) Finance
2 16 (76.19%) Machine Learning
3 15 (71.43%) Risk Management
4 14 (66.67%) Foreign Exchange (FX)
4 14 (66.67%) Equities
4 14 (66.67%) Mathematics
5 13 (61.90%) Exotic Derivative
5 13 (61.90%) Degree
5 13 (61.90%) MiFID
5 13 (61.90%) Market Risk
5 13 (61.90%) Financial Modelling
5 13 (61.90%) Stochastic Calculus
5 13 (61.90%) Advertising
5 13 (61.90%) Validation
5 13 (61.90%) Artificial Intelligence
5 13 (61.90%) PhD
5 13 (61.90%) EMIR
5 13 (61.90%) Dodd-Frank
5 13 (61.90%) Master's Degree
5 13 (61.90%) Model Validation
6 12 (57.14%) Python
6 12 (57.14%) Physics
7 10 (47.62%) C#
8 5 (23.81%) Front Office
8 5 (23.81%) SQL
8 5 (23.81%) Analytics
9 4 (19.05%) Software Engineering
10 3 (14.29%) Fixed Income
10 3 (14.29%) C++
10 3 (14.29%) Java

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 1 (4.76%) Apache Airflow
1 1 (4.76%) Apache Spark
Business Applications
1 1 (4.76%) Summit
Cloud Services
1 1 (4.76%) Amazon S3
1 1 (4.76%) AWS
1 1 (4.76%) Azure
1 1 (4.76%) GCP
1 1 (4.76%) PaaS
1 1 (4.76%) Snowflake
Database & Business Intelligence
1 3 (14.29%) Relational Database
2 2 (9.52%) MySQL
2 2 (9.52%) RDBMS
3 1 (4.76%) Hadoop
3 1 (4.76%) KDB
3 1 (4.76%) NoSQL
Development Applications
1 1 (4.76%) Git (software)
General
1 18 (85.71%) Finance
2 13 (61.90%) Advertising
3 5 (23.81%) Front Office
4 2 (9.52%) Analytical Skills
4 2 (9.52%) Banking
5 1 (4.76%) Investment Banking
Libraries, Frameworks & Software Standards
1 2 (9.52%) .NET
1 2 (9.52%) .NET Core
2 1 (4.76%) Dask
2 1 (4.76%) Java Concurrency
2 1 (4.76%) NumPy
2 1 (4.76%) Pandas
2 1 (4.76%) WPF
Miscellaneous
1 14 (66.67%) Equities
1 14 (66.67%) Foreign Exchange (FX)
2 13 (61.90%) Exotic Derivative
2 13 (61.90%) Market Risk
3 3 (14.29%) Fixed Income
4 2 (9.52%) Derivative
4 2 (9.52%) Greenfield Project
5 1 (4.76%) Hedge funds
Operating Systems
1 1 (4.76%) Linux
1 1 (4.76%) Windows
Processes & Methodologies
1 16 (76.19%) Machine Learning
2 15 (71.43%) Risk Management
3 14 (66.67%) Mathematics
4 13 (61.90%) Artificial Intelligence
4 13 (61.90%) Financial Modelling
4 13 (61.90%) Model Validation
4 13 (61.90%) Stochastic Calculus
4 13 (61.90%) Validation
5 12 (57.14%) Physics
6 5 (23.81%) Analytics
7 4 (19.05%) Software Engineering
8 3 (14.29%) Data Science
9 2 (9.52%) Clean Code
9 2 (9.52%) Computer Science
9 2 (9.52%) Data Analytics
9 2 (9.52%) Problem-Solving
9 2 (9.52%) Technical Debt
9 2 (9.52%) Test Automation
9 2 (9.52%) Test Strategy
9 2 (9.52%) Workflow
Programming Languages
1 12 (57.14%) Python
2 10 (47.62%) C#
3 5 (23.81%) SQL
4 3 (14.29%) C++
4 3 (14.29%) Java
5 1 (4.76%) VBA
Qualifications
1 13 (61.90%) Degree
1 13 (61.90%) Master's Degree
1 13 (61.90%) PhD
2 1 (4.76%) Computer Science Degree
Quality Assurance & Compliance
1 13 (61.90%) Dodd-Frank
1 13 (61.90%) EMIR
1 13 (61.90%) MiFID
Systems Management
1 1 (4.76%) Kubernetes