Quant Analyst
UK

The median Quant Analyst salary in the UK is £86,500 per year according to job vacancies posted during the 6 months to 24 February 2024.

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

6 months to
24 Feb 2024
Same period 2023 Same period 2022
Rank 769 987 1095
Rank change year-on-year +218 +108 -288
Permanent jobs requiring a Quantitative Analyst 49 32 47
As % of all permanent jobs advertised in the UK 0.063% 0.029% 0.034%
As % of the Job Titles category 0.066% 0.030% 0.035%
Number of salaries quoted 47 25 46
10th Percentile £52,500 £48,500 -
25th Percentile £56,250 £74,500 £57,500
Median annual salary (50th Percentile) £86,500 £90,000 £75,000
Median % change year-on-year -3.89% +20.00% -9.09%
75th Percentile £105,625 £107,500 £95,938
90th Percentile £150,500 £137,500 £96,250
UK excluding London median annual salary £92,625 - -

All Permanent IT Job Vacancies
UK

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.

Permanent vacancies in the UK with a recognized job title 73,901 104,956 133,572
% of permanent jobs with a recognized job title 94.90% 94.28% 95.56%
Number of salaries quoted 55,574 66,112 84,152
10th Percentile £28,500 £32,750 £32,000
25th Percentile £39,488 £45,000 £42,500
Median annual salary (50th Percentile) £55,000 £60,000 £60,000
Median % change year-on-year -8.33% - +9.09%
75th Percentile £73,750 £82,500 £77,500
90th Percentile £92,500 £100,000 £95,000
UK excluding London median annual salary £50,000 £52,500 £50,000
% change year-on-year -4.76% +5.00% +5.26%

Quantitative Analyst
Job Vacancy Trend

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

Job vacancy trend for Quantitative Analyst in the UK

Quantitative Analyst
Salary Trend

3-month moving average salary quoted in jobs citing Quantitative Analyst.

Salary trend for Quantitative Analyst in the UK

Quantitative Analyst
Salary Histogram

Salary distribution for jobs citing Quantitative Analyst over the 6 months to 24 February 2024.

Salary histogram for Quantitative Analyst in the UK

Quantitative Analyst
Top 6 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 24 February 2024. 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
Jobs
England +217 46 £87,500 -2.78% 26
London +221 43 £80,000 -11.11% 24
Work from Home +170 16 £92,625 +54.38% 8
UK excluding London +95 3 £92,625 - 2
South West - 2 £92,625 -
Scotland -19 1 £92,625 -

Quantitative Analyst Skill Set
Top 30 Co-occurring Skills and Capabilities

For the 6 months to 24 February 2024, Quantitative Analyst job roles required the following skills and capabilities 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 45 (91.84%) Python
2 31 (63.27%) C++
3 30 (61.22%) Mathematics
4 28 (57.14%) Degree
5 26 (53.06%) Finance
6 23 (46.94%) C#
6 23 (46.94%) Statistics
7 22 (44.90%) Physics
8 20 (40.82%) PhD
8 20 (40.82%) Statistical Modelling
9 19 (38.78%) Data Science
10 18 (36.73%) Kalman Filter
10 18 (36.73%) Master's Degree
10 18 (36.73%) Computer Science
11 15 (30.61%) R
12 14 (28.57%) Analytical Skills
12 14 (28.57%) OOP
12 14 (28.57%) OO
12 14 (28.57%) SQL
13 13 (26.53%) Banking
14 11 (22.45%) Risk Management
14 11 (22.45%) Analytics
15 10 (20.41%) Derivative
16 9 (18.37%) MATLAB
17 8 (16.33%) Quantitative Analysis
18 7 (14.29%) Credit Risk
18 7 (14.29%) Agile
18 7 (14.29%) Statistical Analysis
18 7 (14.29%) Java
18 7 (14.29%) GitHub

Quantitative Analyst Skill Set
Co-occurring Skills and Capabilities by Category

The follow tables expand on the table above by listing co-occurrences grouped by category. The same employment type, locality and period is covered with up to 20 co-occurrences shown in each of the following categories:

Application Platforms
1 6 (12.24%) SAS
Cloud Services
1 7 (14.29%) GitHub
2 3 (6.12%) AWS
2 3 (6.12%) Azure
2 3 (6.12%) Snowflake
2 3 (6.12%) WhatsApp
Database & Business Intelligence
1 6 (12.24%) Data Warehouse
2 3 (6.12%) PostgreSQL
3 1 (2.04%) Big Data
Development Applications
1 6 (12.24%) JIRA
2 2 (4.08%) Git
3 1 (2.04%) GDB
General
1 26 (53.06%) Finance
2 14 (28.57%) Analytical Skills
3 13 (26.53%) Banking
4 4 (8.16%) Financial Institution
4 4 (8.16%) Front Office
4 4 (8.16%) Investment Banking
5 3 (6.12%) Advertising
5 3 (6.12%) Legal
5 3 (6.12%) Organisational Skills
6 2 (4.08%) Social Skills
Libraries, Frameworks & Software Standards
1 1 (2.04%) Boost C++ Libraries
1 1 (2.04%) COM
1 1 (2.04%) STL
1 1 (2.04%) XML
1 1 (2.04%) XSLT
Miscellaneous
1 10 (20.41%) Derivative
2 7 (14.29%) Credit Risk
3 5 (10.20%) Foreign Exchange (FX)
4 4 (8.16%) Algorithms
4 4 (8.16%) Greenfield Project
5 3 (6.12%) Credit Derivative
5 3 (6.12%) Hedge funds
5 3 (6.12%) Reinsurance
6 2 (4.08%) Client/Server
6 2 (4.08%) Fixed Income
7 1 (2.04%) Market Risk
7 1 (2.04%) Renewable Energy
7 1 (2.04%) Self-Motivation
Processes & Methodologies
1 30 (61.22%) Mathematics
2 23 (46.94%) Statistics
3 22 (44.90%) Physics
4 20 (40.82%) Statistical Modelling
5 19 (38.78%) Data Science
6 18 (36.73%) Computer Science
6 18 (36.73%) Kalman Filter
7 14 (28.57%) OO
7 14 (28.57%) OOP
8 11 (22.45%) Analytics
8 11 (22.45%) Risk Management
9 8 (16.33%) Quantitative Analysis
10 7 (14.29%) Agile
10 7 (14.29%) Statistical Analysis
11 6 (12.24%) Credit Risk Modelling
11 6 (12.24%) Portfolio Analytics
11 6 (12.24%) Portfolio Management
12 5 (10.20%) Model Validation
13 4 (8.16%) Investment Management
13 4 (8.16%) Requirements Gathering
Programming Languages
1 45 (91.84%) Python
2 31 (63.27%) C++
3 23 (46.94%) C#
4 15 (30.61%) R
5 14 (28.57%) SQL
6 9 (18.37%) MATLAB
7 7 (14.29%) Java
8 4 (8.16%) C
8 4 (8.16%) VBA
9 3 (6.12%) JavaScript
10 1 (2.04%) VC++
Qualifications
1 28 (57.14%) Degree
2 20 (40.82%) PhD
3 18 (36.73%) Master's Degree
4 3 (6.12%) CFA
Quality Assurance & Compliance
1 6 (12.24%) Basel III
2 3 (6.12%) Accessibility
3 1 (2.04%) IFRS
3 1 (2.04%) IFRS 9
Vendors
1 1 (2.04%) Microsoft
1 1 (2.04%) Oracle