Quantitative Analyst Contracts

Quant Analyst
UK

The median Quant Analyst daily rate in the UK is £900 according to job vacancies posted during the 6 months to 12 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
12 May 2024
Same period 2023 Same period 2022
Rank 550 623 820
Rank change year-on-year +73 +197 -176
Contract jobs requiring a Quantitative Analyst 36 75 45
As % of all contract jobs advertised in the UK 0.084% 0.13% 0.051%
As % of the Job Titles category 0.090% 0.14% 0.054%
Number of daily rates quoted 29 40 23
10th Percentile £577 £674 £545
25th Percentile £825 £747 £775
Median daily rate (50th Percentile) £900 £838 £850
Median % change year-on-year +7.46% -1.47% +21.43%
75th Percentile £950 £975 £950
90th Percentile £990 £1,084 £993
UK excluding London median daily rate - - -

All Contract IT Job Vacancies
UK

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

Contract vacancies in the UK with a recognized job title 39,893 55,060 83,598
% of contract IT jobs with a recognized job title 92.76% 94.65% 95.41%
Number of daily rates quoted 25,957 38,445 58,715
10th Percentile £280 £313 £313
25th Percentile £410 £425 £425
Median daily rate (50th Percentile) £525 £540 £525
Median % change year-on-year -2.78% +2.86% +10.53%
75th Percentile £638 £650 £638
90th Percentile £750 £750 £738
UK excluding London median daily rate £490 £500 £475
% change year-on-year -2.00% +5.26% +11.76%
Number of hourly rates quoted 2,673 1,534 2,047
10th Percentile £12.86 £14.25 £12.50
25th Percentile £16.30 £19.06 £15.89
Median hourly rate £37.50 £45.00 £23.91
Median % change year-on-year -16.67% +88.21% +5.89%
75th Percentile £61.30 £65.75 £49.25
90th Percentile £72.90 £76.00 £65.00
UK excluding London median hourly rate £40.00 £42.08 £20.00
% change year-on-year -4.94% +110.39% +2.56%

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
Contractor Daily Rate Trend

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

Daily rate trend for Quantitative Analyst in the UK

Quantitative Analyst
Daily Rate Histogram

Daily rate distribution for jobs citing Quantitative Analyst over the 6 months to 12 May 2024.

Daily rate histogram for Quantitative Analyst in the UK

Quantitative Analyst
Contractor Hourly Rate Trend

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

Hourly rate trend for Quantitative Analyst in the UK

Quantitative Analyst
Top 3 Contract Locations

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 UK over the 6 months to 12 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
England +70 36 £900 +7.46% 36
London +53 35 £900 +7.46% 33
Work from Home +108 14 £900 +5.88% 13

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

For the 6 months to 12 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 featuring Quantitative Analyst in the job title.

1 27 (75.00%) Finance
2 18 (50.00%) Front Office
2 18 (50.00%) Banking
3 16 (44.44%) C++
3 16 (44.44%) Python
3 16 (44.44%) Analytical Skills
4 15 (41.67%) C#
4 15 (41.67%) Investment Banking
5 14 (38.89%) Degree
5 14 (38.89%) Quantitative Finance
6 12 (33.33%) Analytics
6 12 (33.33%) Mathematics
7 11 (30.56%) Physics
8 10 (27.78%) Numerate Degree
8 10 (27.78%) Derivative
9 8 (22.22%) Problem-Solving
9 8 (22.22%) Algorithms
9 8 (22.22%) Distributed Computing
10 7 (19.44%) Model Validation
10 7 (19.44%) Credit Risk
10 7 (19.44%) Stress Testing
10 7 (19.44%) Equities
11 6 (16.67%) Project Management
11 6 (16.67%) Data Modelling
11 6 (16.67%) Wealth Management
11 6 (16.67%) Statistics
11 6 (16.67%) Retail Banking
11 6 (16.67%) Corporate Banking
11 6 (16.67%) Retail
11 6 (16.67%) Software Architecture

Quantitative Analyst 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:

Applications
1 4 (11.11%) Microsoft Excel
Development Applications
1 5 (13.89%) Visual Studio
2 4 (11.11%) Git
General
1 27 (75.00%) Finance
2 18 (50.00%) Banking
2 18 (50.00%) Front Office
3 16 (44.44%) Analytical Skills
4 15 (41.67%) Investment Banking
5 6 (16.67%) Corporate Banking
5 6 (16.67%) Retail
5 6 (16.67%) Retail Banking
6 5 (13.89%) Wholesale Banking
7 4 (11.11%) Social Skills
8 2 (5.56%) International Banking
9 1 (2.78%) Back Office
9 1 (2.78%) Financial Institution
Libraries, Frameworks & Software Standards
1 1 (2.78%) XML
1 1 (2.78%) XSLT
Miscellaneous
1 10 (27.78%) Derivative
2 8 (22.22%) Algorithms
2 8 (22.22%) Distributed Computing
3 7 (19.44%) Credit Risk
3 7 (19.44%) Equities
4 4 (11.11%) Credit Derivative
4 4 (11.11%) Fixed Income
4 4 (11.11%) Foreign Exchange (FX)
4 4 (11.11%) Hedge funds
5 3 (8.33%) Equity Derivative
6 2 (5.56%) Interest Rate Derivative
6 2 (5.56%) Market Risk
7 1 (2.78%) Self-Motivation
Operating Systems
1 5 (13.89%) Linux
2 4 (11.11%) Unix
2 4 (11.11%) Windows
Processes & Methodologies
1 14 (38.89%) Quantitative Finance
2 12 (33.33%) Analytics
2 12 (33.33%) Mathematics
3 11 (30.56%) Physics
4 8 (22.22%) Problem-Solving
5 7 (19.44%) Model Validation
5 7 (19.44%) Stress Testing
6 6 (16.67%) Data Modelling
6 6 (16.67%) Project Management
6 6 (16.67%) Software Architecture
6 6 (16.67%) Statistics
6 6 (16.67%) Wealth Management
7 5 (13.89%) Credit Risk Analysis
7 5 (13.89%) Financial Modelling
7 5 (13.89%) Numerical Analysis
7 5 (13.89%) Risk Analysis
7 5 (13.89%) Strategic Planning
8 4 (11.11%) Data Analytics
8 4 (11.11%) Mathematical Modelling
8 4 (11.11%) Time Series Analysis
Programming Languages
1 16 (44.44%) C++
1 16 (44.44%) Python
2 15 (41.67%) C#
3 6 (16.67%) R
4 5 (13.89%) VBA
5 4 (11.11%) Java
5 4 (11.11%) Perl
5 4 (11.11%) Shell Script
6 3 (8.33%) SQL
7 2 (5.56%) PHP
8 1 (2.78%) VC++
Qualifications
1 14 (38.89%) Degree
2 10 (27.78%) Numerate Degree
3 3 (8.33%) Master's Degree
4 2 (5.56%) PhD
5 1 (2.78%) Computer Science Degree
Quality Assurance & Compliance
1 1 (2.78%) QA
Vendors
1 1 (2.78%) Microsoft
1 1 (2.78%) Oracle