Quantitative Analyst Contracts in London

Quant Analyst
England > London

The median Quant Analyst daily rate in London is £900 according to job vacancies posted during the 6 months to 23 May 2024.

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

6 months to
23 May 2024
Same period 2023 Same period 2022
Rank 370 415 569
Rank change year-on-year +45 +154 -135
Contract jobs requiring a Quantitative Analyst 31 80 43
As % of all contract jobs advertised in London 0.18% 0.31% 0.11%
As % of the Job Titles category 0.19% 0.33% 0.12%
Number of daily rates quoted 24 45 21
10th Percentile £577 £676 £500
25th Percentile £824 £738 £775
Median daily rate (50th Percentile) £900 £850 £850
Median % change year-on-year +5.88% - +21.00%
75th Percentile £950 £975 £950
90th Percentile £1,028 £1,178 £1,000
England median daily rate £900 £850 £850
% change year-on-year +5.88% - +21.43%

All Contract IT Job Vacancies
London

The following table is for comparison with the above and includes summary statistics for all contract IT job vacancies advertised in London. 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 contract jobs in our overall sample.

Contract vacancies in London with a recognized job title 16,262 24,406 36,823
% of contract IT jobs with a recognized job title 93.45% 95.15% 95.30%
Number of daily rates quoted 11,760 17,762 27,009
10th Percentile £325 £363 £375
25th Percentile £441 £463 £473
Median daily rate (50th Percentile) £550 £578 £575
Median % change year-on-year -4.76% +0.43% +9.52%
75th Percentile £681 £700 £688
90th Percentile £800 £800 £775
England median daily rate £525 £550 £528
% change year-on-year -4.55% +4.27% +7.11%
Number of hourly rates quoted 319 282 435
10th Percentile £16.02 £18.00 £16.25
25th Percentile £20.22 £22.53 £22.59
Median hourly rate £27.50 £36.00 £35.00
Median % change year-on-year -23.61% +2.86% +15.32%
75th Percentile £44.25 £62.64 £49.25
90th Percentile £65.23 £82.48 £66.30
England median hourly rate £37.18 £45.00 £23.00
% change year-on-year -17.38% +95.65% +6.98%

Quantitative Analyst
Job Vacancy Trend in London

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

Job vacancy trend for Quantitative Analyst in London

Quantitative Analyst
Contractor Daily Rate Trend in London

3-month moving average daily rate quoted in jobs citing Quantitative Analyst in London.

Daily rate trend for Quantitative Analyst in London

Quantitative Analyst
Daily Rate Histogram in London

Daily rate distribution for jobs citing Quantitative Analyst in London over the 6 months to 23 May 2024.

Daily rate histogram for Quantitative Analyst in London

Quantitative Analyst
Contractor Hourly Rate Trend in London

3-month moving average hourly rates quoted in jobs citing Quantitative Analyst in London.

Hourly rate trend for Quantitative Analyst in London

Quantitative Analyst
Contract Job Locations in London

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Quantitative Analyst within the London region over the 6 months to 23 May 2024. 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
Contract
IT Job Ads
Median
Daily Rate
Past 6 Months
Median Daily Rate
% Change
on Same Period
Last Year
Live
Jobs
Central London +4 2 £840 -1.19% 2
Quantitative Analyst
England

Quantitative Analyst Skill Set
Top 30 Co-occurring Skills and Capabilities in London

For the 6 months to 23 May 2024, Quantitative Analyst contract 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 contract job ads across the London region featuring Quantitative Analyst in the job title.

1 23 (74.19%) Finance
2 16 (51.61%) Python
3 15 (48.39%) Banking
4 14 (45.16%) Investment Banking
4 14 (45.16%) C++
4 14 (45.16%) Front Office
4 14 (45.16%) Quantitative Finance
5 13 (41.94%) Analytical Skills
5 13 (41.94%) Degree
6 11 (35.48%) Mathematics
7 10 (32.26%) Physics
7 10 (32.26%) C#
7 10 (32.26%) Numerate Degree
8 9 (29.03%) Analytics
8 9 (29.03%) Derivative
9 7 (22.58%) Distributed Computing
9 7 (22.58%) Equities
9 7 (22.58%) Credit Risk
9 7 (22.58%) Stress Testing
10 6 (19.35%) Wealth Management
10 6 (19.35%) Statistics
10 6 (19.35%) Retail Banking
10 6 (19.35%) Corporate Banking
10 6 (19.35%) Retail
10 6 (19.35%) Algorithms
10 6 (19.35%) R
10 6 (19.35%) Model Validation
11 5 (16.13%) Credit Risk Analysis
11 5 (16.13%) Problem-Solving
11 5 (16.13%) Strategic Planning

Quantitative Analyst Skill Set
Co-occurring Skills and Capabilities in London 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:

Applications
1 4 (12.90%) Microsoft Excel
Development Applications
1 5 (16.13%) Visual Studio
2 4 (12.90%) Git
General
1 23 (74.19%) Finance
2 15 (48.39%) Banking
3 14 (45.16%) Front Office
3 14 (45.16%) Investment Banking
4 13 (41.94%) Analytical Skills
5 6 (19.35%) Corporate Banking
5 6 (19.35%) Retail
5 6 (19.35%) Retail Banking
6 5 (16.13%) Wholesale Banking
7 3 (9.68%) Social Skills
8 1 (3.23%) Back Office
8 1 (3.23%) International Banking
Libraries, Frameworks & Software Standards
1 1 (3.23%) XML
1 1 (3.23%) XSLT
Miscellaneous
1 9 (29.03%) Derivative
2 7 (22.58%) Credit Risk
2 7 (22.58%) Distributed Computing
2 7 (22.58%) Equities
3 6 (19.35%) Algorithms
4 4 (12.90%) Credit Derivative
4 4 (12.90%) Fixed Income
4 4 (12.90%) Foreign Exchange (FX)
4 4 (12.90%) Hedge funds
5 3 (9.68%) Equity Derivative
6 2 (6.45%) Market Risk
7 1 (3.23%) Interest Rate Derivative
7 1 (3.23%) Self-Motivation
Operating Systems
1 4 (12.90%) Linux
1 4 (12.90%) Unix
1 4 (12.90%) Windows
Processes & Methodologies
1 14 (45.16%) Quantitative Finance
2 11 (35.48%) Mathematics
3 10 (32.26%) Physics
4 9 (29.03%) Analytics
5 7 (22.58%) Stress Testing
6 6 (19.35%) Model Validation
6 6 (19.35%) Statistics
6 6 (19.35%) Wealth Management
7 5 (16.13%) Credit Risk Analysis
7 5 (16.13%) Financial Modelling
7 5 (16.13%) Numerical Analysis
7 5 (16.13%) Problem-Solving
7 5 (16.13%) Risk Analysis
7 5 (16.13%) Strategic Planning
8 4 (12.90%) Data Analytics
8 4 (12.90%) Data Modelling
8 4 (12.90%) Mathematical Modelling
8 4 (12.90%) Project Management
8 4 (12.90%) Software Architecture
8 4 (12.90%) Time Series Analysis
Programming Languages
1 16 (51.61%) Python
2 14 (45.16%) C++
3 10 (32.26%) C#
4 6 (19.35%) R
5 5 (16.13%) VBA
6 4 (12.90%) Java
6 4 (12.90%) Perl
6 4 (12.90%) Shell Script
7 3 (9.68%) SQL
8 2 (6.45%) PHP
9 1 (3.23%) VC++
Qualifications
1 13 (41.94%) Degree
2 10 (32.26%) Numerate Degree
3 3 (9.68%) Master's Degree
4 2 (6.45%) PhD
5 1 (3.23%) Computer Science Degree
Vendors
1 1 (3.23%) Microsoft
1 1 (3.23%) Oracle