Period
to 18 January 2019

The median annual salary for a Quantitative Analyst was £82,500 in advertised job vacancies during the 6 months to 18 January 2019.

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
18 Jan 2019
Same period 2018 Same period 2017
Rank 1061 1087 1145
Rank change year-on-year +26 +58 +77
Permanent jobs requiring a Quantitative Analyst 44 107 51
As % of all permanent IT jobs advertised in the UK 0.029% 0.062% 0.029%
As % of the Job Titles category 0.030% 0.064% 0.030%
Number of salaries quoted 42 86 49
UK median annual salary £82,500 £85,000 £75,000
Median salary % change year-on-year -2.94% +13.33% +11.11%
10th Percentile £50,000 £56,250 £42,000
90th Percentile £115,000 £127,500 £122,500
UK excluding London median annual salary £80,000 £65,000 £40,000
% change year-on-year +23.08% +62.50% -20.00%

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 145,255 167,294 171,193
% of permanent IT jobs with a recognized job title 95.91% 96.18% 96.55%
Number of salaries quoted 116,140 135,774 142,579
UK median annual salary £50,000 £50,000 £47,500
Median salary % change year-on-year - +5.26% +3.26%
10th Percentile £28,000 £27,500 £27,000
90th Percentile £83,750 £80,000 £77,500
UK excluding London median annual salary £45,000 £42,500 £42,500
% change year-on-year +5.88% - +2.41%

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 18 January 2019.

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 18 January 2019. 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 +26 44 £82,500 -2.94% 7
London -18 38 £85,000 - 7
UK excluding London +52 6 £80,000 +23.08%
South East +33 5 £80,000 +18.52%
East Midlands - 1 £50,000 -
Midlands - 1 £50,000 -

Quantitative Analyst Skill Set
Top 30 Co-occurring IT Skills

For the 6 months to 18 January 2019, 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 36 (81.82%) Finance
1 36 (81.82%) C++
2 32 (72.73%) Mathematics
3 26 (59.09%) PhD
4 23 (52.27%) Foreign Exchange (FX)
5 21 (47.73%) Degree
6 20 (45.45%) C#
7 19 (43.18%) Validation
8 18 (40.91%) Physics
8 18 (40.91%) Financial Modelling
8 18 (40.91%) R
9 17 (38.64%) Front Office
10 16 (36.36%) MATLAB
10 16 (36.36%) Credit Risk
10 16 (36.36%) Stochastic Calculus
11 15 (34.09%) Risk Management
11 15 (34.09%) Equities
11 15 (34.09%) Master's Degree
12 14 (31.82%) Advertising
12 14 (31.82%) Market Risk
13 13 (29.55%) MiFID
13 13 (29.55%) EMIR
13 13 (29.55%) Dodd-Frank
13 13 (29.55%) Credit Risk Management
13 13 (29.55%) Exotic Derivative
14 12 (27.27%) Banking
14 12 (27.27%) Analytics
15 11 (25.00%) Derivative
15 11 (25.00%) Python
16 8 (18.18%) Interest Rate Derivative

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 1 (2.27%) SAS
Applications
1 3 (6.82%) Microsoft Excel
2 1 (2.27%) MS Visio
2 1 (2.27%) Spreadsheet
Database & Business Intelligence
1 1 (2.27%) Data Mining
1 1 (2.27%) SAS Enterprise Guide
Development Applications
1 4 (9.09%) Git (software)
1 4 (9.09%) JIRA
1 4 (9.09%) Team Foundation Server
General
1 36 (81.82%) Finance
2 17 (38.64%) Front Office
3 14 (31.82%) Advertising
4 12 (27.27%) Banking
5 4 (9.09%) Investment Banking
6 3 (6.82%) Financial Institution
7 1 (2.27%) Back Office
7 1 (2.27%) Games
7 1 (2.27%) Legal
7 1 (2.27%) Marketing
7 1 (2.27%) Retail
Libraries, Frameworks & Software Standards
1 3 (6.82%) TensorFlow
2 1 (2.27%) .NET
2 1 (2.27%) STL
Miscellaneous
1 23 (52.27%) Foreign Exchange (FX)
2 16 (36.36%) Credit Risk
3 15 (34.09%) Equities
4 14 (31.82%) Market Risk
5 13 (29.55%) Exotic Derivative
6 11 (25.00%) Derivative
7 8 (18.18%) Interest Rate Derivative
8 5 (11.36%) Algorithms
9 4 (9.09%) Analytical Skills
10 3 (6.82%) Fixed Income
11 2 (4.55%) Fintech
11 2 (4.55%) Greenfield Project
11 2 (4.55%) Hedge funds
12 1 (2.27%) Data Structures
12 1 (2.27%) OTC Derivatives
12 1 (2.27%) Swaptions
Processes & Methodologies
1 32 (72.73%) Mathematics
2 19 (43.18%) Validation
3 18 (40.91%) Financial Modelling
3 18 (40.91%) Physics
4 16 (36.36%) Stochastic Calculus
5 15 (34.09%) Risk Management
6 13 (29.55%) Credit Risk Management
7 12 (27.27%) Analytics
8 7 (15.91%) Computer Science
8 7 (15.91%) Statistics
9 6 (13.64%) Monte Carlo Method
10 5 (11.36%) Machine Learning
10 5 (11.36%) Problem-Solving
10 5 (11.36%) Quantitative Finance
11 4 (9.09%) Issue Tracking
11 4 (9.09%) OO
11 4 (9.09%) Test Automation
12 3 (6.82%) Artificial Intelligence
12 3 (6.82%) Credit Risk Modelling
12 3 (6.82%) Quantitative Analysis
Programming Languages
1 36 (81.82%) C++
2 20 (45.45%) C#
3 18 (40.91%) R
4 16 (36.36%) MATLAB
5 11 (25.00%) Python
6 4 (9.09%) Java
6 4 (9.09%) VBA
7 3 (6.82%) C
7 3 (6.82%) Haskell
7 3 (6.82%) JavaScript
8 1 (2.27%) SQL
8 1 (2.27%) VB.NET
Qualifications
1 26 (59.09%) PhD
2 21 (47.73%) Degree
3 15 (34.09%) Master's Degree
4 2 (4.55%) Computer Science Degree
Quality Assurance & Compliance
1 13 (29.55%) Dodd-Frank
1 13 (29.55%) EMIR
1 13 (29.55%) MiFID
2 3 (6.82%) QA
3 2 (4.55%) Data Quality
3 2 (4.55%) IFRS
3 2 (4.55%) IFRS 9
4 1 (2.27%) Solvency II
Vendors
1 1 (2.27%) Bloomberg
1 1 (2.27%) Microsoft