Period
to 26 May 2018

The median annual salary for a Quantitative Analyst was £85,000 in advertised job vacancies during the 6 months to 26 May 2018.

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

Quant Analyst
UK
6 months to
26 May 2018
Same period 2017 Same period 2016
Rank 1082 1106 1190
Rank change year-on-year +24 +84 +72
Permanent jobs requiring a Quantitative Analyst 97 59 89
As % of all permanent IT jobs advertised in the UK 0.056% 0.035% 0.044%
As % of the Job Titles category 0.058% 0.036% 0.046%
Number of salaries quoted 74 52 82
UK median annual salary £85,000 £81,250 £77,500
Median salary % change year-on-year +4.62% +4.84% +10.71%
10th Percentile £37,875 £46,375 £37,250
90th Percentile £120,000 £126,250 £113,375
UK excluding London median annual salary £42,000 £35,000 £55,000
% change year-on-year +20.00% -36.36% -12.00%

The following table is for comparison with the above and includes summary statistics for all permanent 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 permanent jobs in our overall sample.

All Permanent IT Job Vacancies
UK
Permanent vacancies in the UK with a recognized job title 167,471 164,559 193,918
% of permanent IT jobs with a recognized job title 96.37% 96.44% 96.61%
Number of salaries quoted 136,134 136,220 162,840
UK median annual salary £50,000 £47,500 £47,500
Median salary % change year-on-year +5.26% - +5.56%
10th Percentile £27,500 £27,500 £26,500
90th Percentile £80,000 £77,500 £76,250
UK excluding London median annual salary £45,000 £42,500 £42,500
% change year-on-year +5.88% - +6.25%

Quantitative Analyst
Job Vacancy Trend

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

Job vacancy trend for Quantitative Analyst in the UK

Quantitative Analyst
Salary Trend

This chart provides the 3-month moving average for salaries quoted in permanent IT jobs citing Quantitative Analyst.

Salary trend for Quantitative Analyst in the UK

Quantitative Analyst
Salary Histogram

The salary distribution of IT jobs citing Quantitative Analyst over the 6 months to 26 May 2018.

Salary histogram for Quantitative Analyst in the UK

Quantitative Analyst
Top 5 Job Locations

The table below looks at the demand and provides a guide to the median salaries quoted in IT jobs citing Quantitative Analyst within the UK over the 6 months to 26 May 2018. 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
Permanent
IT Job Ads
Median Salary
Past 6 Months
Median Salary
% Change
on Same Period
Last Year
Live
Job
Vacancies
England +15 97 £85,000 +4.62% 5
London +16 90 £85,000 +3.03% 5
UK excluding London -7 7 £42,000 +20.00%
East of England - 4 £32,000 -
South East - 3 £68,750 -

Quantitative Analyst Skill Set
Top 30 Co-occurring IT Skills

For the 6 months to 26 May 2018, Quantitative Analyst 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 featuring Quantitative Analyst in the job title.

1 73 (75.26%) Finance
2 71 (73.20%) Degree
3 65 (67.01%) C++
4 61 (62.89%) Mathematics
5 60 (61.86%) Front Office
6 46 (47.42%) Python
7 41 (42.27%) Foreign Exchange (FX)
8 38 (39.18%) PhD
9 36 (37.11%) C#
9 36 (37.11%) Equities
9 36 (37.11%) Derivative
10 35 (36.08%) Analytics
11 34 (35.05%) Risk Management
12 32 (32.99%) R
13 30 (30.93%) MATLAB
14 29 (29.90%) Statistics
15 28 (28.87%) Banking
16 27 (27.84%) SQL
17 26 (26.80%) Validation
17 26 (26.80%) Master's Degree
18 25 (25.77%) Physics
18 25 (25.77%) Financial Modelling
19 21 (21.65%) Hedge funds
20 18 (18.56%) Stochastic Calculus
21 16 (16.49%) Investment Banking
22 15 (15.46%) Exotic Derivative
22 15 (15.46%) Market Risk
22 15 (15.46%) Analytical Skills
23 14 (14.43%) Monte Carlo Method
23 14 (14.43%) Credit Risk

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:

Application Platforms
1 5 (5.15%) SAS
Applications
1 9 (9.28%) Microsoft Excel
2 6 (6.19%) Microsoft Office
3 3 (3.09%) Microsoft PowerPoint
3 3 (3.09%) SPSS
Business Applications
1 4 (4.12%) Summit
Database & Business Intelligence
1 6 (6.19%) MySQL
1 6 (6.19%) OLAP
1 6 (6.19%) OLTP
1 6 (6.19%) Power BI
1 6 (6.19%) SQL Server
1 6 (6.19%) SQL Server Integration Services
1 6 (6.19%) SQL Server Reporting Services
2 3 (3.09%) Big Data
2 3 (3.09%) Blockchain
3 2 (2.06%) Hadoop
4 1 (1.03%) PostgreSQL
4 1 (1.03%) Tick Data
Development Applications
1 6 (6.19%) Visual Studio
1 6 (6.19%) Visual Studio Team System
2 4 (4.12%) Subversion
3 2 (2.06%) Git (software)
3 2 (2.06%) JIRA
3 2 (2.06%) Team Foundation Server
4 1 (1.03%) RStudio
General
1 73 (75.26%) Finance
2 60 (61.86%) Front Office
3 28 (28.87%) Banking
4 16 (16.49%) Investment Banking
5 11 (11.34%) Advertising
6 4 (4.12%) Financial Institution
7 3 (3.09%) Games
7 3 (3.09%) Retail
8 2 (2.06%) Back Office
9 1 (1.03%) Arabic Language
9 1 (1.03%) French Language
9 1 (1.03%) Portuguese Language
9 1 (1.03%) Spanish Language
Libraries, Frameworks & Software Standards
1 8 (8.25%) WPF
2 6 (6.19%) Middleware
3 5 (5.15%) .NET
3 5 (5.15%) JSON
3 5 (5.15%) XML
4 1 (1.03%) NumPy
4 1 (1.03%) Pandas
Miscellaneous
1 41 (42.27%) Foreign Exchange (FX)
2 36 (37.11%) Derivative
2 36 (37.11%) Equities
3 21 (21.65%) Hedge funds
4 15 (15.46%) Analytical Skills
4 15 (15.46%) Exotic Derivative
4 15 (15.46%) Market Risk
5 14 (14.43%) Credit Risk
6 12 (12.37%) Computer Science
7 11 (11.34%) Algorithms
7 11 (11.34%) Equity Derivative
8 10 (10.31%) Fintech
9 8 (8.25%) Fixed Income
10 5 (5.15%) Credit Derivative
11 4 (4.12%) OTC Derivatives
12 3 (3.09%) Grid Computing
12 3 (3.09%) Management Information System
13 1 (1.03%) Hybrid Derivative
13 1 (1.03%) Interest Rate Derivative
13 1 (1.03%) Reference Data
Operating Systems
1 1 (1.03%) Linux
Processes & Methodologies
1 61 (62.89%) Mathematics
2 35 (36.08%) Analytics
3 34 (35.05%) Risk Management
4 29 (29.90%) Statistics
5 26 (26.80%) Validation
6 25 (25.77%) Financial Modelling
6 25 (25.77%) Physics
7 18 (18.56%) Stochastic Calculus
8 14 (14.43%) Monte Carlo Method
9 13 (13.40%) Asset Management
10 12 (12.37%) Machine Learning
11 11 (11.34%) Agile Software Development
11 11 (11.34%) Problem-Solving
12 10 (10.31%) Credit Risk Management
12 10 (10.31%) Stress Testing
13 7 (7.22%) Bayesian Methods
13 7 (7.22%) Data Analytics
13 7 (7.22%) Investment Management
14 6 (6.19%) Continuous Integration
14 6 (6.19%) Database Tuning
Programming Languages
1 65 (67.01%) C++
2 46 (47.42%) Python
3 36 (37.11%) C#
4 32 (32.99%) R
5 30 (30.93%) MATLAB
6 27 (27.84%) SQL
7 14 (14.43%) VBA
8 11 (11.34%) Java
9 6 (6.19%) T-SQL
10 4 (4.12%) C
11 1 (1.03%) VB
Qualifications
1 71 (73.20%) Degree
2 38 (39.18%) PhD
3 26 (26.80%) Master's Degree
4 12 (12.37%) Numerate Degree
5 3 (3.09%) CFA
Quality Assurance & Compliance
1 10 (10.31%) Dodd-Frank
1 10 (10.31%) EMIR
1 10 (10.31%) MiFID
2 1 (1.03%) Data Quality
2 1 (1.03%) QA
Vendors
1 9 (9.28%) Microsoft
2 3 (3.09%) Murex
3 2 (2.06%) Cognizant
4 1 (1.03%) GoldenSource