Period
to

The median annual salary for a Quantitative Developer was £125,000 in advertised job vacancies during the 6 months to 14 August 2022.

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

Quant Developer
UK
6 months to
14 Aug 2022
Same period 2021 Same period 2020
Rank 1100 930 667
Rank change year-on-year -170 -263 +339
Permanent jobs requiring a Quantitative Developer 116 79 102
As % of all permanent jobs advertised in the UK 0.069% 0.068% 0.16%
As % of the Job Titles category 0.075% 0.075% 0.17%
Number of salaries quoted 79 62 82
10th Percentile £77,500 £71,500 £66,250
25th Percentile £90,000 £75,000 £75,000
Median annual salary (50th Percentile) £125,000 £91,250 £102,500
Median % change year-on-year +36.99% -10.98% +13.89%
75th Percentile £140,000 £128,750 £122,500
90th Percentile £155,250 £162,375 £137,500
UK excluding London median annual salary - £62,500 £80,000
% change year-on-year - -21.88% -

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 154,129 105,398 59,022
% of permanent IT jobs with a recognized job title 91.94% 91.14% 94.86%
Number of salaries quoted 83,523 74,437 48,237
10th Percentile £32,500 £31,750 £31,250
25th Percentile £43,750 £41,250 £40,000
Median annual salary (50th Percentile) £60,000 £55,000 £55,000
Median % change year-on-year +9.09% - +10.00%
75th Percentile £78,750 £75,000 £72,500
90th Percentile £95,000 £91,250 £88,750
UK excluding London median annual salary £52,200 £47,500 £47,500
% change year-on-year +9.89% - +5.56%

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 14 August 2022.

Salary histogram for Quantitative Developer in the UK

Quantitative Developer
Top 5 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 14 August 2022. 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 -131 116 £125,000 +38.89% 14
London -163 94 £125,000 +36.99% 13
Work from Home -192 27 £130,000 +30.00% 7
East of England -40 20 - - 1
UK excluding London -71 20 - - 1

Quantitative Developer Skill Set
Top 30 Co-occurring IT Skills

For the 6 months to 14 August 2022, Quantitative Developer job roles required the following skills 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 91 (78.45%) Finance
2 75 (64.66%) Python
3 62 (53.45%) C++
4 61 (52.59%) Mathematics
4 61 (52.59%) Analytics
5 46 (39.66%) Computer Science
6 45 (38.79%) C#
7 42 (36.21%) Banking
7 42 (36.21%) Model Validation
8 40 (34.48%) Degree
9 38 (32.76%) Social Skills
10 37 (31.90%) Physics
11 36 (31.03%) Monte Carlo Method
12 34 (29.31%) Agile
13 32 (27.59%) Equities
14 31 (26.72%) Risk Management
14 31 (26.72%) Machine Learning
14 31 (26.72%) Problem-Solving
15 30 (25.86%) Derivative
16 29 (25.00%) Software Engineering
16 29 (25.00%) Analytical Skills
16 29 (25.00%) Financial Modelling
17 26 (22.41%) Fixed Income
18 25 (21.55%) Statistics
18 25 (21.55%) Java
19 23 (19.83%) PhD
20 22 (18.97%) Validation
20 22 (18.97%) Backtesting
21 20 (17.24%) Foreign Exchange (FX)
21 20 (17.24%) Time Management

Quantitative Developer 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 4 (3.45%) Jupyter
2 3 (2.59%) Confluence
Cloud Services
1 8 (6.90%) AWS
1 8 (6.90%) Azure
2 3 (2.59%) Slack
Database & Business Intelligence
1 9 (7.76%) Relational Database
2 4 (3.45%) MySQL
2 4 (3.45%) NoSQL
2 4 (3.45%) RDBMS
3 2 (1.72%) KDB
Development Applications
1 15 (12.93%) JIRA
2 14 (12.07%) Git (software)
3 12 (10.34%) Bitbucket
3 12 (10.34%) Jenkins
General
1 91 (78.45%) Finance
2 42 (36.21%) Banking
3 38 (32.76%) Social Skills
4 29 (25.00%) Analytical Skills
5 13 (11.21%) Front Office
6 9 (7.76%) Advertising
7 4 (3.45%) Financial Institution
7 4 (3.45%) Presentation Skills
Libraries, Frameworks & Software Standards
1 18 (15.52%) SciPy
2 16 (13.79%) React
3 13 (11.21%) scikit-learn
3 13 (11.21%) TensorFlow
4 12 (10.34%) .NET
4 12 (10.34%) Plotly
5 10 (8.62%) Pandas
6 9 (7.76%) NumPy
7 5 (4.31%) PyTorch
8 4 (3.45%) .NET Core
9 1 (0.86%) Flask
9 1 (0.86%) Middleware
9 1 (0.86%) REST
9 1 (0.86%) RESTful
Miscellaneous
1 32 (27.59%) Equities
2 30 (25.86%) Derivative
3 26 (22.41%) Fixed Income
4 20 (17.24%) Foreign Exchange (FX)
4 20 (17.24%) Market Risk
5 19 (16.38%) Hedge funds
6 13 (11.21%) Credit Risk
7 9 (7.76%) Exotic Derivative
8 4 (3.45%) Data Structures
8 4 (3.45%) Greenfield Project
9 3 (2.59%) Credit Derivative
9 3 (2.59%) Legacy Code
10 2 (1.72%) Algorithms
10 2 (1.72%) Cloud Native
10 2 (1.72%) Data Protection Act
10 2 (1.72%) Equity Derivative
10 2 (1.72%) Interest Rate Derivative
10 2 (1.72%) Self-Motivation
10 2 (1.72%) Sports Betting
Operating Systems
1 15 (12.93%) Linux
2 1 (0.86%) Unix
2 1 (0.86%) Windows
Processes & Methodologies
1 61 (52.59%) Analytics
1 61 (52.59%) Mathematics
2 46 (39.66%) Computer Science
3 42 (36.21%) Model Validation
4 37 (31.90%) Physics
5 36 (31.03%) Monte Carlo Method
6 34 (29.31%) Agile
7 31 (26.72%) Machine Learning
7 31 (26.72%) Problem-Solving
7 31 (26.72%) Risk Management
8 29 (25.00%) Financial Modelling
8 29 (25.00%) Software Engineering
9 25 (21.55%) Statistics
10 22 (18.97%) Backtesting
10 22 (18.97%) Validation
11 20 (17.24%) Mathematical Modelling
11 20 (17.24%) Time Management
12 15 (12.93%) Fintech
13 14 (12.07%) Algorithmic Trading
14 13 (11.21%) Stress Testing
Programming Languages
1 75 (64.66%) Python
2 62 (53.45%) C++
3 45 (38.79%) C#
4 25 (21.55%) Java
5 14 (12.07%) MATLAB
6 10 (8.62%) SQL
7 5 (4.31%) R
8 4 (3.45%) JavaScript
9 2 (1.72%) Julia
Qualifications
1 40 (34.48%) Degree
2 23 (19.83%) PhD
3 10 (8.62%) Master's Degree
4 1 (0.86%) Computer Science Degree
Quality Assurance & Compliance
1 13 (11.21%) IFRS
1 13 (11.21%) IFRS 9
2 7 (6.03%) Dodd-Frank
2 7 (6.03%) EMIR
2 7 (6.03%) MiFID
Vendors
1 3 (2.59%) Bloomberg
1 3 (2.59%) FactSet
2 1 (0.86%) Solace