Period
to 24 November 2017

The median annual salary for a Quantitative Analyst was £85,000 in advertised job vacancies during the 6 months to 24 November 2017.

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
24 Nov 2017
Same period 2016 Same period 2015
Rank 1089 1164 1251
Rank change year-on-year +75 +87 -20
Permanent jobs requiring a Quantitative Analyst 122 58 72
As % of all permanent IT jobs advertised in the UK 0.068% 0.031% 0.033%
As % of the Job Titles category 0.071% 0.032% 0.034%
Number of salaries quoted 99 50 57
UK median annual salary £85,000 £75,000 £67,500
Median salary % change year-on-year +13.33% +11.11% -3.57%
10th Percentile £56,250 £43,625 £36,050
90th Percentile £130,000 £122,500 £102,000
UK excluding London median annual salary £65,000 £40,000 -
% change year-on-year +62.50% - -

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 172577 182568 211044
% of permanent IT jobs with a recognized job title 95.80% 96.48% 96.46%
Number of salaries quoted 138473 152713 175380
UK median annual salary £48,500 £47,500 £45,000
Median salary % change year-on-year +2.11% +5.56% -
10th Percentile £27,500 £27,000 £26,250
90th Percentile £78,750 £77,500 £75,000
UK excluding London median annual salary £42,500 £42,500 £41,000
% change year-on-year - +3.66% +2.50%

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 24 November 2017.

Salary histogram for Quantitative Analyst in the UK

Quantitative Analyst
Top 8 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 November 2017. 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 +108 121 £85,000 +13.33% 8
London +69 118 £85,000 +13.33% 6
UK excluding London +51 4 £65,000 +62.50% 2
North of England +14 1 £72,500 +81.25%
Scotland -8 1 - -
East of England - 1 £42,000 - 2
North East - 1 £72,500 -
South East - 1 £65,000 -

Quantitative Analyst Skill Set
Top 30 Co-occurring IT Skills

For the 6 months to 24 November 2017, Quantitative Analyst job roles required the following IT skills in order of popularity. The figures indicate the number co-occurrences and its proportion to all job ads featuring Quantitative Analyst in the job title.

1 111 (90.98%) Finance
2 83 (68.03%) Mathematics
3 72 (59.02%) C++
4 64 (52.46%) R
5 57 (46.72%) Banking
6 56 (45.90%) Analytics
7 52 (42.62%) MATLAB
7 52 (42.62%) Investment Banking
8 51 (41.80%) SQL
9 47 (38.52%) C#
10 43 (35.25%) Java
10 43 (35.25%) Front Office
11 39 (31.97%) Python
11 39 (31.97%) Quantitative Research
12 37 (30.33%) Risk Management
13 36 (29.51%) Equities
14 34 (27.87%) Asset Management
15 33 (27.05%) Validation
16 32 (26.23%) PhD
17 30 (24.59%) Foreign Exchange (FX)
18 29 (23.77%) Financial Modelling
19 25 (20.49%) Agile Software Development
20 24 (19.67%) Degree
20 24 (19.67%) Stochastic Calculus
20 24 (19.67%) Hedge funds
21 22 (18.03%) Analytical Skills
21 22 (18.03%) Fund Management
22 21 (17.21%) VBA
23 20 (16.39%) Data Analytics
24 19 (15.57%) Big Data

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 6 (4.92%) SAS
Applications
1 10 (8.20%) S-PLUS
2 5 (4.10%) Microsoft Excel
3 4 (3.28%) Maple
4 2 (1.64%) Microsoft Office
5 1 (0.82%) Doxygen
5 1 (0.82%) LaTeX
5 1 (0.82%) Microsoft PowerPoint
Database & Business Intelligence
1 19 (15.57%) Big Data
2 18 (14.75%) Data Warehouse
3 17 (13.93%) OLAP
3 17 (13.93%) Oracle OLAP
4 10 (8.20%) SQL Server
5 2 (1.64%) Oracle Database
5 2 (1.64%) Oracle Reports
5 2 (1.64%) QlikView
6 1 (0.82%) Blockchain
6 1 (0.82%) SQL Server Integration Services
6 1 (0.82%) SQL Server Reporting Services
Development Applications
1 9 (7.38%) Git (software)
2 8 (6.56%) JIRA
3 1 (0.82%) Subversion
General
1 111 (90.98%) Finance
2 57 (46.72%) Banking
3 52 (42.62%) Investment Banking
4 43 (35.25%) Front Office
5 17 (13.93%) Retail Banking
6 10 (8.20%) Advertising
6 10 (8.20%) Marketing
7 5 (4.10%) Financial Institution
8 1 (0.82%) Arabic Language
8 1 (0.82%) Back Office
8 1 (0.82%) French Language
8 1 (0.82%) Portuguese Language
8 1 (0.82%) Spanish Language
Libraries, Frameworks & Software Standards
1 9 (7.38%) .NET
1 9 (7.38%) Middleware
2 5 (4.10%) WPF
3 1 (0.82%) Node.js
3 1 (0.82%) RabbitMQ
Miscellaneous
1 36 (29.51%) Equities
2 30 (24.59%) Foreign Exchange (FX)
3 24 (19.67%) Hedge funds
4 22 (18.03%) Analytical Skills
5 19 (15.57%) Derivative
6 18 (14.75%) Credit Risk
7 17 (13.93%) Enterprise Software
8 13 (10.66%) Fixed Income
9 12 (9.84%) Computer Science
10 11 (9.02%) Market Risk
11 9 (7.38%) Fintech
12 4 (3.28%) CUDA
13 1 (0.82%) Algorithms
13 1 (0.82%) Online Gambling
13 1 (0.82%) Swaptions
Operating Systems
1 17 (13.93%) Unix
Processes & Methodologies
1 83 (68.03%) Mathematics
2 56 (45.90%) Analytics
3 39 (31.97%) Quantitative Research
4 37 (30.33%) Risk Management
5 34 (27.87%) Asset Management
6 33 (27.05%) Validation
7 29 (23.77%) Financial Modelling
8 25 (20.49%) Agile Software Development
9 24 (19.67%) Stochastic Calculus
10 22 (18.03%) Fund Management
11 20 (16.39%) Data Analytics
12 18 (14.75%) Monte Carlo Method
12 18 (14.75%) Physics
12 18 (14.75%) Statistics
13 17 (13.93%) Release Management
13 17 (13.93%) Wealth Management
14 11 (9.02%) Credit Risk Management
15 10 (8.20%) Product Management
15 10 (8.20%) Software Engineering
16 9 (7.38%) E-Commerce
Programming Languages
1 72 (59.02%) C++
2 64 (52.46%) R
3 52 (42.62%) MATLAB
4 51 (41.80%) SQL
5 47 (38.52%) C#
6 43 (35.25%) Java
7 39 (31.97%) Python
8 21 (17.21%) VBA
9 17 (13.93%) Perl
9 17 (13.93%) PL/SQL
10 4 (3.28%) Fortran
10 4 (3.28%) PHP
11 1 (0.82%) F#
Qualifications
1 32 (26.23%) PhD
2 24 (19.67%) Degree
3 9 (7.38%) Master's Degree
4 6 (4.92%) Numerate Degree
5 1 (0.82%) CFA
5 1 (0.82%) Computer Science Degree
5 1 (0.82%) Sun Certification
Quality Assurance & Compliance
1 11 (9.02%) MiFID
1 11 (9.02%) QA
2 9 (7.38%) Dodd-Frank
2 9 (7.38%) EMIR
3 2 (1.64%) Basel III
3 2 (1.64%) IFRS
3 2 (1.64%) IFRS 9
Vendors
1 19 (15.57%) Oracle
2 7 (5.74%) Atlassian
2 7 (5.74%) Bloomberg
3 2 (1.64%) Tableau
4 1 (0.82%) Microsoft
4 1 (0.82%) Sybase