Period
to 19 August 2018

The median annual salary for a Quantitative Analyst was £85,000 in advertised job vacancies during the 6 months to 19 August 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
19 Aug 2018
Same period 2017 Same period 2016
Rank 1065 1107 1204
Rank change year-on-year +42 +97 +52
Permanent jobs requiring a Quantitative Analyst 104 94 77
As % of all permanent IT jobs advertised in the UK 0.062% 0.053% 0.039%
As % of the Job Titles category 0.064% 0.055% 0.040%
Number of salaries quoted 83 74 64
UK median annual salary £85,000 £85,000 £77,500
Median salary % change year-on-year - +9.68% +3.33%
10th Percentile £42,500 £56,125 £44,500
90th Percentile £119,000 £130,000 £111,750
UK excluding London median annual salary £78,750 - £57,500

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 162,496 170,230 190,494
% of permanent IT jobs with a recognized job title 96.15% 96.08% 96.59%
Number of salaries quoted 130,855 137,468 160,221
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 £26,750
90th Percentile £81,250 £78,000 £77,500
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 19 August 2018.

Salary histogram for Quantitative Analyst in the UK

Quantitative Analyst
Top 7 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 19 August 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 +22 104 £85,000 - 14
London +40 98 £85,000 - 14
UK excluding London - 6 £78,750 -
South East - 4 £90,000 -
East Midlands - 1 £50,000 -
Midlands - 1 £50,000 -
East of England - 1 - -

Quantitative Analyst Skill Set
Top 30 Co-occurring IT Skills

For the 6 months to 19 August 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 72 (69.23%) C++
2 70 (67.31%) Finance
2 70 (67.31%) Degree
3 61 (58.65%) Mathematics
4 58 (55.77%) Front Office
5 49 (47.12%) PhD
6 47 (45.19%) Python
7 41 (39.42%) Foreign Exchange (FX)
8 39 (37.50%) Derivative
9 38 (36.54%) Analytics
10 35 (33.65%) C#
11 31 (29.81%) Master's Degree
12 30 (28.85%) SQL
13 28 (26.92%) Statistics
13 28 (26.92%) Physics
14 27 (25.96%) Risk Management
15 26 (25.00%) Equities
15 26 (25.00%) Banking
16 22 (21.15%) Validation
17 21 (20.19%) R
18 20 (19.23%) Financial Modelling
19 18 (17.31%) VBA
19 18 (17.31%) Credit Risk
20 17 (16.35%) MATLAB
21 16 (15.38%) Stochastic Calculus
21 16 (15.38%) Analytical Skills
21 16 (15.38%) Backtesting
22 15 (14.42%) Market Risk
22 15 (14.42%) Equity Derivative
23 14 (13.46%) Monte Carlo Method

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 3 (2.88%) SAS
Applications
1 11 (10.58%) Microsoft Excel
2 7 (6.73%) Microsoft Office
3 1 (0.96%) Microsoft PowerPoint
3 1 (0.96%) Spreadsheet
3 1 (0.96%) SPSS
Business Applications
1 4 (3.85%) Summit
Database & Business Intelligence
1 5 (4.81%) OLAP
1 5 (4.81%) OLTP
1 5 (4.81%) Power BI
1 5 (4.81%) SQL Server
1 5 (4.81%) SQL Server Integration Services
1 5 (4.81%) SQL Server Reporting Services
2 4 (3.85%) MySQL
3 3 (2.88%) Blockchain
4 2 (1.92%) Big Data
5 1 (0.96%) Hadoop
5 1 (0.96%) SAS Enterprise Guide
Development Applications
1 5 (4.81%) Visual Studio
1 5 (4.81%) Visual Studio Team System
2 4 (3.85%) Subversion
3 3 (2.88%) Git (software)
3 3 (2.88%) JIRA
3 3 (2.88%) Team Foundation Server
4 1 (0.96%) RStudio
General
1 70 (67.31%) Finance
2 58 (55.77%) Front Office
3 26 (25.00%) Banking
4 10 (9.62%) Advertising
4 10 (9.62%) Investment Banking
5 9 (8.65%) Financial Institution
6 3 (2.88%) Games
7 2 (1.92%) Back Office
8 1 (0.96%) Retail
Libraries, Frameworks & Software Standards
1 8 (7.69%) .NET
2 7 (6.73%) WPF
3 5 (4.81%) JSON
3 5 (4.81%) XML
4 3 (2.88%) STL
5 1 (0.96%) NumPy
5 1 (0.96%) Pandas
5 1 (0.96%) SciPy
Miscellaneous
1 41 (39.42%) Foreign Exchange (FX)
2 39 (37.50%) Derivative
3 26 (25.00%) Equities
4 18 (17.31%) Credit Risk
5 16 (15.38%) Analytical Skills
6 15 (14.42%) Equity Derivative
6 15 (14.42%) Market Risk
7 14 (13.46%) Hedge funds
8 12 (11.54%) Algorithms
8 12 (11.54%) Exotic Derivative
8 12 (11.54%) Fixed Income
9 11 (10.58%) Computer Science
10 8 (7.69%) OTC Derivatives
11 7 (6.73%) Credit Derivative
12 6 (5.77%) Interest Rate Derivative
13 3 (2.88%) Fintech
13 3 (2.88%) Management Information System
14 2 (1.92%) Data Structures
14 2 (1.92%) Greenfield Project
14 2 (1.92%) Grid Computing
Operating Systems
1 1 (0.96%) Unix
Processes & Methodologies
1 61 (58.65%) Mathematics
2 38 (36.54%) Analytics
3 28 (26.92%) Physics
3 28 (26.92%) Statistics
4 27 (25.96%) Risk Management
5 22 (21.15%) Validation
6 20 (19.23%) Financial Modelling
7 16 (15.38%) Backtesting
7 16 (15.38%) Stochastic Calculus
8 14 (13.46%) Monte Carlo Method
9 11 (10.58%) Asset Management
9 11 (10.58%) Problem-Solving
9 11 (10.58%) Quantitative Analysis
10 10 (9.62%) Agile Software Development
11 9 (8.65%) Credit Risk Management
11 9 (8.65%) Machine Learning
12 7 (6.73%) Bayesian Methods
12 7 (6.73%) Data Analytics
12 7 (6.73%) Stress Testing
12 7 (6.73%) Workflow
Programming Languages
1 72 (69.23%) C++
2 47 (45.19%) Python
3 35 (33.65%) C#
4 30 (28.85%) SQL
5 21 (20.19%) R
6 18 (17.31%) VBA
7 17 (16.35%) MATLAB
8 6 (5.77%) Java
9 5 (4.81%) T-SQL
10 4 (3.85%) C
11 1 (0.96%) JavaScript
11 1 (0.96%) VB
11 1 (0.96%) VB.NET
Qualifications
1 70 (67.31%) Degree
2 49 (47.12%) PhD
3 31 (29.81%) Master's Degree
4 13 (12.50%) Numerate Degree
5 1 (0.96%) CFA
5 1 (0.96%) Computer Science Degree
Quality Assurance & Compliance
1 9 (8.65%) Dodd-Frank
1 9 (8.65%) EMIR
1 9 (8.65%) MiFID
2 3 (2.88%) QA
3 2 (1.92%) Data Quality
3 2 (1.92%) IFRS
3 2 (1.92%) IFRS 9
Vendors
1 6 (5.77%) Microsoft
2 3 (2.88%) Murex
3 2 (1.92%) Bloomberg
3 2 (1.92%) Cognizant
4 1 (0.96%) GoldenSource