Quant Developer
UK

The median Quant Developer salary in the UK is £140,000 per year according to job vacancies posted during the 6 months to 5 December 2023.

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

6 months to
5 Dec 2023
Same period 2022 Same period 2021
Rank 602 1002 1014
Rank change year-on-year +400 +12 -387
Permanent jobs requiring a Quantitative Developer 134 72 94
As % of all permanent jobs advertised in the UK 0.25% 0.058% 0.074%
As % of the Job Titles category 0.26% 0.061% 0.078%
Number of salaries quoted 97 44 90
10th Percentile £95,500 £67,500 £65,000
25th Percentile £102,500 £81,250 £76,563
Median annual salary (50th Percentile) £140,000 £125,000 £90,000
Median % change year-on-year +12.00% +38.89% -14.29%
75th Percentile £160,000 £145,938 £120,000
90th Percentile £200,000 £162,500 £137,500
UK excluding London median annual salary - £90,000 -

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 50,985 118,425 121,174
% of permanent jobs with a recognized job title 95.43% 95.37% 95.14%
Number of salaries quoted 37,346 74,222 83,417
10th Percentile £31,250 £32,750 £32,000
25th Percentile £42,500 £45,000 £42,500
Median annual salary (50th Percentile) £60,000 £60,000 £57,500
Median % change year-on-year - +4.35% +4.55%
75th Percentile £80,000 £81,250 £77,500
90th Percentile £97,500 £98,750 £95,000
UK excluding London median annual salary £52,500 £52,500 £50,000
% change year-on-year - +5.00% +5.26%

Quantitative Developer
Job Vacancy Trend

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

Job vacancy trend for Quantitative Developer in the UK

Quantitative Developer
Salary Trend

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

Salary trend for Quantitative Developer in the UK

Quantitative Developer
Salary Histogram

Salary distribution for jobs citing Quantitative Developer over the 6 months to 5 December 2023.

Salary histogram for Quantitative Developer in the UK

Quantitative Developer
Top 3 Job Locations

The table below looks at the demand and provides a guide to the median salaries quoted in IT jobs citing Quantitative Developer within the UK over the 6 months to 5 December 2023. 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 +401 134 £140,000 +12.00% 68
London +333 129 £142,500 +14.00% 67
Work from Home +340 95 £150,000 +7.14% 29

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

For the 6 months to 5 December 2023, Quantitative Developer 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 Developer in the job title.

1 85 (63.43%) Finance
2 81 (60.45%) Python
3 68 (50.75%) Java
4 61 (45.52%) Front Office
5 50 (37.31%) Degree
6 43 (32.09%) Fixed Income
7 41 (30.60%) C++
8 40 (29.85%) Hedge funds
9 36 (26.87%) Software Engineering
10 27 (20.15%) Banking
10 27 (20.15%) Greenfield Project
11 26 (19.40%) Electronic Trading
12 25 (18.66%) AWS
13 24 (17.91%) Algorithmic Trading
14 22 (16.42%) Mathematics
14 22 (16.42%) Investment Banking
15 21 (15.67%) Derivative
15 21 (15.67%) Master's Degree
16 19 (14.18%) High-Frequency Trading
16 19 (14.18%) C#
16 19 (14.18%) PhD
17 18 (13.43%) Quantitative Research
18 17 (12.69%) Analytics
19 16 (11.94%) Computer Science
19 16 (11.94%) Investment Management
19 16 (11.94%) Foreign Exchange (FX)
20 15 (11.19%) FIX Protocol
20 15 (11.19%) Social Skills
21 14 (10.45%) Azure
21 14 (10.45%) Risk Management

Quantitative Developer 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:

Cloud Services
1 25 (18.66%) AWS
2 14 (10.45%) Azure
3 12 (8.96%) GCP
4 4 (2.99%) GitHub
4 4 (2.99%) WhatsApp
5 3 (2.24%) Snowflake
Database & Business Intelligence
1 4 (2.99%) KDB
1 4 (2.99%) Kdb+
1 4 (2.99%) PostgreSQL
2 1 (0.75%) Big Data
2 1 (0.75%) SQL Server
2 1 (0.75%) Tick Data
General
1 85 (63.43%) Finance
2 61 (45.52%) Front Office
3 27 (20.15%) Banking
4 22 (16.42%) Investment Banking
5 15 (11.19%) Social Skills
6 10 (7.46%) Analytical Skills
7 4 (2.99%) Legal
8 1 (0.75%) Advertising
Libraries, Frameworks & Software Standards
1 15 (11.19%) FIX Protocol
2 3 (2.24%) NumPy
2 3 (2.24%) Pandas
3 1 (0.75%) .NET
Miscellaneous
1 43 (32.09%) Fixed Income
2 40 (29.85%) Hedge funds
3 27 (20.15%) Greenfield Project
4 21 (15.67%) Derivative
5 16 (11.94%) Foreign Exchange (FX)
6 13 (9.70%) Algorithms
7 12 (8.96%) Equities
8 7 (5.22%) Data Structures
9 5 (3.73%) Credit Derivative
10 3 (2.24%) Distributed Systems
11 2 (1.49%) Client/Server
11 2 (1.49%) Interest Rate Derivative
11 2 (1.49%) Market Risk
12 1 (0.75%) Credit Risk
12 1 (0.75%) Cyber Threat
12 1 (0.75%) Data Protection Act
12 1 (0.75%) Exotic Derivative
Operating Systems
1 1 (0.75%) Linux
Processes & Methodologies
1 36 (26.87%) Software Engineering
2 26 (19.40%) Electronic Trading
3 24 (17.91%) Algorithmic Trading
4 22 (16.42%) Mathematics
5 19 (14.18%) High-Frequency Trading
6 18 (13.43%) Quantitative Research
7 17 (12.69%) Analytics
8 16 (11.94%) Computer Science
8 16 (11.94%) Investment Management
9 14 (10.45%) Risk Management
10 13 (9.70%) Agile
10 13 (9.70%) Asset Management
10 13 (9.70%) Low Latency
11 12 (8.96%) Black-Scholes
11 12 (8.96%) Problem-Solving
12 11 (8.21%) Microservices
12 11 (8.21%) Multithreading
13 10 (7.46%) Data Analysis
14 8 (5.97%) Physics
15 7 (5.22%) Market Making
Programming Languages
1 81 (60.45%) Python
2 68 (50.75%) Java
3 41 (30.60%) C++
4 19 (14.18%) C#
5 12 (8.96%) R
6 7 (5.22%) MATLAB
7 3 (2.24%) JavaScript
8 2 (1.49%) SQL
9 1 (0.75%) C
9 1 (0.75%) Rust
9 1 (0.75%) Scala
Qualifications
1 50 (37.31%) Degree
2 21 (15.67%) Master's Degree
3 19 (14.18%) PhD
4 3 (2.24%) Computer Science Degree
5 1 (0.75%) Numerate Degree
Quality Assurance & Compliance
1 4 (2.99%) Accessibility
2 1 (0.75%) Dodd-Frank
2 1 (0.75%) EMIR
2 1 (0.75%) MiFID
System Software
1 1 (0.75%) Docker
Systems Management
1 3 (2.24%) Kubernetes
Vendors
1 6 (4.48%) Bloomberg
2 1 (0.75%) Microsoft
2 1 (0.75%) Murex
2 1 (0.75%) QAD