Period
to 17 June 2021

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 17 June 2021.

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 Jun 2021
Same period 2020 Same period 2019
Rank 209 209 302
Rank change year-on-year 0 +93 +26
Permanent jobs requiring a Quantitative Developer 26 44 28
As % of all permanent jobs advertised in the City of London 0.50% 0.70% 0.28%
As % of the Job Titles category 0.54% 0.75% 0.29%
Number of salaries quoted 21 41 27
10th Percentile £73,750 £64,625 £75,500
25th Percentile £78,750 £66,250 £80,000
Median annual salary (50th Percentile) £85,000 £100,000 £90,000
Median % change year-on-year -15.00% +11.11% -5.26%
75th Percentile £111,250 £122,500 £112,500
90th Percentile £130,000 " £126,500
Central London median annual salary £85,000 £100,000 £90,000
% change year-on-year -15.00% +11.11% -

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 4,821 5,897 9,566
% of permanent IT jobs with a recognized job title 92.80% 94.28% 95.35%
Number of salaries quoted 4,268 5,163 8,548
10th Percentile £42,500 £40,000 £36,250
25th Percentile £52,500 £51,250 £48,750
Median annual salary (50th Percentile) £70,000 £67,500 £65,000
Median % change year-on-year +3.70% +3.85% +4.00%
75th Percentile £88,750 £83,750 £82,500
90th Percentile £105,000 £97,500 £95,000
Central London median annual salary £70,000 £67,500 £65,000
% change year-on-year +3.70% +3.85% +8.33%

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 17 June 2021.

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 June 2021, 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 21 (80.77%) Python
2 17 (65.38%) Finance
3 14 (53.85%) Mathematics
3 14 (53.85%) Foreign Exchange (FX)
4 12 (46.15%) C#
4 12 (46.15%) C++
5 10 (38.46%) Degree
6 9 (34.62%) Physics
6 9 (34.62%) Front Office
7 8 (30.77%) Equities
7 8 (30.77%) Advertising
7 8 (30.77%) PhD
7 8 (30.77%) Linux
7 8 (30.77%) Financial Modelling
7 8 (30.77%) FINCAD Analytics
7 8 (30.77%) Hedge funds
8 7 (26.92%) Machine Learning
8 7 (26.92%) Stochastic Calculus
8 7 (26.92%) Market Risk
8 7 (26.92%) Exotic Derivative
8 7 (26.92%) MiFID
8 7 (26.92%) Validation
8 7 (26.92%) Risk Management
8 7 (26.92%) Artificial Intelligence
8 7 (26.92%) Master's Degree
8 7 (26.92%) EMIR
8 7 (26.92%) Dodd-Frank
8 7 (26.92%) Model Validation
9 6 (23.08%) Credit Risk
10 5 (19.23%) Low Latency

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 (3.85%) Confluence
Applications
1 1 (3.85%) Microsoft Excel
Business Applications
1 8 (30.77%) FINCAD Analytics
Cloud Services
1 1 (3.85%) Amazon S3
1 1 (3.85%) AWS
Communications & Networking
1 2 (7.69%) FTP
Database & Business Intelligence
1 3 (11.54%) MySQL
2 2 (7.69%) Relational Database
3 1 (3.85%) SQL Server
Development Applications
1 1 (3.85%) GitLab
1 1 (3.85%) JIRA
General
1 17 (65.38%) Finance
2 9 (34.62%) Front Office
3 8 (30.77%) Advertising
4 3 (11.54%) Social Skills
5 2 (7.69%) Banking
6 1 (3.85%) Analytical Skills
Libraries, Frameworks & Software Standards
1 3 (11.54%) Flask
1 3 (11.54%) NumPy
1 3 (11.54%) SciPy
2 2 (7.69%) Django
2 2 (7.69%) Pandas
2 2 (7.69%) Pyramid
2 2 (7.69%) scikit-learn
2 2 (7.69%) Web Services
3 1 (3.85%) .NET
3 1 (3.85%) .NET Core
3 1 (3.85%) AngularJS
3 1 (3.85%) ASP.NET
3 1 (3.85%) CSS
3 1 (3.85%) Dapper ORM
3 1 (3.85%) Elastic Stack
3 1 (3.85%) Entity Framework
3 1 (3.85%) HTML
3 1 (3.85%) React
3 1 (3.85%) SQLAlchemy
Miscellaneous
1 14 (53.85%) Foreign Exchange (FX)
2 8 (30.77%) Equities
2 8 (30.77%) Hedge funds
3 7 (26.92%) Exotic Derivative
3 7 (26.92%) Market Risk
4 6 (23.08%) Credit Risk
5 5 (19.23%) Fixed Income
6 3 (11.54%) Derivative
7 2 (7.69%) Algorithms
7 2 (7.69%) Data Structures
8 1 (3.85%) OTC Derivatives
8 1 (3.85%) Reference Data
Operating Systems
1 8 (30.77%) Linux
2 4 (15.38%) Windows
Processes & Methodologies
1 14 (53.85%) Mathematics
2 9 (34.62%) Physics
3 8 (30.77%) Financial Modelling
4 7 (26.92%) Artificial Intelligence
4 7 (26.92%) Machine Learning
4 7 (26.92%) Model Validation
4 7 (26.92%) Risk Management
4 7 (26.92%) Stochastic Calculus
4 7 (26.92%) Validation
5 5 (19.23%) Low Latency
6 4 (15.38%) Quantitative Trading
6 4 (15.38%) SDLC
6 4 (15.38%) Ultra-Low Latency
7 3 (11.54%) Analytics
7 3 (11.54%) Multithreading
8 2 (7.69%) API Development
8 2 (7.69%) Computer Science
8 2 (7.69%) Portfolio Management
8 2 (7.69%) Process Architecture
8 2 (7.69%) Prototyping
Programming Languages
1 21 (80.77%) Python
2 12 (46.15%) C#
2 12 (46.15%) C++
3 4 (15.38%) SQL
4 1 (3.85%) TypeScript
Qualifications
1 10 (38.46%) Degree
2 8 (30.77%) PhD
3 7 (26.92%) Master's Degree
4 1 (3.85%) Computer Science Degree
Quality Assurance & Compliance
1 7 (26.92%) Dodd-Frank
1 7 (26.92%) EMIR
1 7 (26.92%) MiFID
System Software
1 4 (15.38%) Docker
Systems Management
1 3 (11.54%) Kubernetes
Vendors
1 2 (7.69%) Oracle
2 1 (3.85%) Microsoft