Period
to 2 August 2021

The median annual salary for a Quantitative Analyst was £90,000 in advertised job vacancies during the 6 months to 2 August 2021.

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
2 Aug 2021
Same period 2020 Same period 2019
Rank 937 766 1045
Rank change year-on-year -171 +279 +66
Permanent jobs requiring a Quantitative Analyst 60 43 70
As % of all permanent jobs advertised in the UK 0.053% 0.063% 0.049%
As % of the Job Titles category 0.058% 0.067% 0.051%
Number of salaries quoted 27 42 70
10th Percentile £42,500 £66,250 £41,625
25th Percentile £57,125 £77,500 £55,000
Median annual salary (50th Percentile) £90,000 £100,000 £80,000
Median % change year-on-year -10.00% +25.00% -5.88%
75th Percentile £133,750 £110,000 £93,750
90th Percentile " £125,500 £100,000
UK excluding London median annual salary £52,500 £56,250 £87,500
% change year-on-year -6.67% -35.71% +29.63%

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 103,167 64,497 138,246
% of permanent IT jobs with a recognized job title 91.17% 94.98% 95.85%
Number of salaries quoted 73,302 52,601 111,748
10th Percentile £31,750 £31,250 £28,250
25th Percentile £41,250 £40,000 £37,500
Median annual salary (50th Percentile) £55,000 £55,000 £50,000
Median % change year-on-year - +10.00% -
75th Percentile £75,000 £72,500 £68,750
90th Percentile £90,000 £88,750 £85,000
UK excluding London median annual salary £47,500 £47,500 £45,000
% change year-on-year - +5.56% -

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 2 August 2021.

Salary histogram for Quantitative Analyst in the UK

Quantitative Analyst
Top 10 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 2 August 2021. 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 -189 44 £90,000 -10.00% 6
London -127 41 £90,000 -10.00% 6
UK excluding London -117 19 £52,500 -6.67%
Isle of Man - 16 - -
Work from Home - 4 £80,000 -
North of England -72 1 £42,500 -39.29%
East of England - 1 £62,500 -
Midlands - 1 - -
North West - 1 £42,500 -
East Midlands - 1 - -

Quantitative Analyst Skill Set
Top 30 Co-occurring IT Skills

For the 6 months to 2 August 2021, 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 54 (90.00%) Python
2 32 (53.33%) Mathematics
2 32 (53.33%) Analytics
3 28 (46.67%) Machine Learning
4 27 (45.00%) SQL
5 26 (43.33%) C++
6 23 (38.33%) Statistics
7 21 (35.00%) Games
8 20 (33.33%) Fixed Income
8 20 (33.33%) Finance
9 19 (31.67%) Social Skills
10 18 (30.00%) Computer Science
11 17 (28.33%) QA
11 17 (28.33%) Quantitative Finance
12 16 (26.67%) KDB
12 16 (26.67%) OO
12 16 (26.67%) VBA
12 16 (26.67%) Derivative
13 12 (20.00%) Migration
13 12 (20.00%) Foreign Exchange (FX)
13 12 (20.00%) C#
14 11 (18.33%) Front Office
14 11 (18.33%) Microsoft Excel
15 10 (16.67%) Data Analytics
16 9 (15.00%) MATLAB
16 9 (15.00%) Unix
16 9 (15.00%) Windows
16 9 (15.00%) Linux
16 9 (15.00%) Equities
17 8 (13.33%) Degree

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:

Applications
1 11 (18.33%) Microsoft Excel
2 1 (1.67%) Microsoft Office
Business Applications
1 1 (1.67%) FINCAD Analytics
Cloud Services
1 2 (3.33%) Cloud Computing
Database & Business Intelligence
1 16 (26.67%) KDB
General
1 21 (35.00%) Games
2 20 (33.33%) Finance
3 19 (31.67%) Social Skills
4 11 (18.33%) Front Office
5 5 (8.33%) Banking
6 4 (6.67%) Analytical Skills
7 3 (5.00%) Marketing
8 1 (1.67%) Advertising
8 1 (1.67%) Financial Institution
8 1 (1.67%) Investment Banking
Libraries, Frameworks & Software Standards
1 2 (3.33%) .NET
Miscellaneous
1 20 (33.33%) Fixed Income
2 16 (26.67%) Derivative
3 12 (20.00%) Foreign Exchange (FX)
4 9 (15.00%) Equities
5 6 (10.00%) Data Protection Act
6 4 (6.67%) Credit Derivative
7 3 (5.00%) Market Risk
8 2 (3.33%) Algorithms
8 2 (3.33%) Analytical Mindset
8 2 (3.33%) Virtual Team
9 1 (1.67%) Exotic Derivative
9 1 (1.67%) Greenfield Project
9 1 (1.67%) Management Information System
9 1 (1.67%) Reinsurance
Operating Systems
1 9 (15.00%) Linux
1 9 (15.00%) Unix
1 9 (15.00%) Windows
Processes & Methodologies
1 32 (53.33%) Analytics
1 32 (53.33%) Mathematics
2 28 (46.67%) Machine Learning
3 23 (38.33%) Statistics
4 18 (30.00%) Computer Science
5 17 (28.33%) Quantitative Finance
6 16 (26.67%) OO
7 12 (20.00%) Migration
8 10 (16.67%) Data Analytics
9 7 (11.67%) Backtesting
10 6 (10.00%) Data Protection
10 6 (10.00%) Validation
11 5 (8.33%) Bayesian Methods
11 5 (8.33%) Fund Management
11 5 (8.33%) Kalman Filter
11 5 (8.33%) Quantitative Research
11 5 (8.33%) Risk Management
12 4 (6.67%) Statistical Computing
12 4 (6.67%) Statistical Learning
12 4 (6.67%) Statistical Modelling
Programming Languages
1 54 (90.00%) Python
2 27 (45.00%) SQL
3 26 (43.33%) C++
4 16 (26.67%) VBA
5 12 (20.00%) C#
6 9 (15.00%) MATLAB
7 7 (11.67%) R
8 2 (3.33%) Java
9 1 (1.67%) F#
Qualifications
1 8 (13.33%) Degree
2 6 (10.00%) PhD
3 4 (6.67%) Master's Degree
4 2 (3.33%) Numerate Degree
5 1 (1.67%) Postgraduate
5 1 (1.67%) SC Cleared
5 1 (1.67%) Security Cleared
Quality Assurance & Compliance
1 17 (28.33%) QA
2 1 (1.67%) Dodd-Frank
2 1 (1.67%) EMIR
2 1 (1.67%) IFRS
2 1 (1.67%) IFRS 9
2 1 (1.67%) MiFID
Vendors
1 1 (1.67%) Microsoft