Quantitative Analyst Contracts in London

Quant Analyst
England > London

The median Quant Analyst daily rate in London is £900, according to job vacancies posted in the 6 months leading up to 12 June 2024.

The table below provides contractor rate benchmarking and summary statistics, comparing them to the same period in the previous two years.

6 months to
12 Jun 2024
Same period 2023 Same period 2022
Rank 374 390 558
Rank change year-on-year +16 +168 -96
Contract jobs requiring a Quantitative Analyst 26 92 46
As % of all contract jobs advertised in London 0.15% 0.37% 0.12%
As % of the Job Titles category 0.16% 0.38% 0.13%
Number of daily rates quoted 19 56 25
10th Percentile £563 £698 £590
25th Percentile £822 £770 £775
Median daily rate (50th Percentile) £900 £850 £850
Median % change year-on-year +5.88% - +21.43%
75th Percentile £950 £1,022 £950
90th Percentile £990 £1,188 £1,068
England median daily rate £900 £850 £850
% change year-on-year +5.88% - +21.43%

All Contract IT Job Vacancies
London

For comparison with the information above, the following table provides summary statistics for all contract IT job vacancies 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 16,560 23,906 36,699
% of contract IT jobs with a recognized job title 93.67% 95.05% 95.32%
Number of daily rates quoted 11,921 17,459 27,030
10th Percentile £325 £363 £375
25th Percentile £440 £463 £475
Median daily rate (50th Percentile) £550 £575 £575
Median % change year-on-year -4.35% - +9.52%
75th Percentile £675 £700 £688
90th Percentile £800 £800 £775
England median daily rate £525 £550 £535
% change year-on-year -4.55% +2.80% +7.00%
Number of hourly rates quoted 324 281 404
10th Percentile £16.00 £17.98 £16.25
25th Percentile £20.17 £22.63 £23.75
Median hourly rate £27.81 £36.00 £35.00
Median % change year-on-year -22.75% +2.86% +7.12%
75th Percentile £46.59 £63.75 £49.25
90th Percentile £66.85 £82.25 £67.50
England median hourly rate £39.50 £45.00 £24.00
% change year-on-year -12.22% +87.50% +14.01%

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 12 June 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 12 June 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 +5 1 £837 -0.12% 1
Quantitative Analyst
England

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

For the 6 months to 12 June 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 19 (73.08%) Finance
2 15 (57.69%) Python
3 13 (50.00%) Banking
3 13 (50.00%) Investment Banking
3 13 (50.00%) Quantitative Finance
4 12 (46.15%) Degree
4 12 (46.15%) C++
5 10 (38.46%) Front Office
5 10 (38.46%) Mathematics
5 10 (38.46%) Analytical Skills
6 9 (34.62%) Numerate Degree
6 9 (34.62%) Physics
7 7 (26.92%) Credit Risk
7 7 (26.92%) Stress Testing
7 7 (26.92%) Equities
7 7 (26.92%) Derivative
8 6 (23.08%) Statistics
8 6 (23.08%) Retail Banking
8 6 (23.08%) Corporate Banking
8 6 (23.08%) Retail
8 6 (23.08%) Wealth Management
8 6 (23.08%) C#
8 6 (23.08%) Model Validation
8 6 (23.08%) Distributed Computing
8 6 (23.08%) R
9 5 (19.23%) Analytics
9 5 (19.23%) Credit Risk Analysis
9 5 (19.23%) VBA
9 5 (19.23%) Visual Studio
9 5 (19.23%) Numerical Analysis

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 (15.38%) Microsoft Excel
Development Applications
1 5 (19.23%) Visual Studio
2 4 (15.38%) Git
General
1 19 (73.08%) Finance
2 13 (50.00%) Banking
2 13 (50.00%) Investment Banking
3 10 (38.46%) Analytical Skills
3 10 (38.46%) Front Office
4 6 (23.08%) Corporate Banking
4 6 (23.08%) Retail
4 6 (23.08%) Retail Banking
5 5 (19.23%) Wholesale Banking
6 3 (11.54%) Social Skills
Libraries, Frameworks & Software Standards
1 1 (3.85%) XML
1 1 (3.85%) XSLT
Miscellaneous
1 7 (26.92%) Credit Risk
1 7 (26.92%) Derivative
1 7 (26.92%) Equities
2 6 (23.08%) Distributed Computing
3 4 (15.38%) Credit Derivative
3 4 (15.38%) Fixed Income
3 4 (15.38%) Foreign Exchange (FX)
3 4 (15.38%) Hedge funds
4 3 (11.54%) Algorithms
4 3 (11.54%) Equity Derivative
5 2 (7.69%) Market Risk
6 1 (3.85%) Self-Motivation
Operating Systems
1 4 (15.38%) Linux
1 4 (15.38%) Unix
1 4 (15.38%) Windows
Processes & Methodologies
1 13 (50.00%) Quantitative Finance
2 10 (38.46%) Mathematics
3 9 (34.62%) Physics
4 7 (26.92%) Stress Testing
5 6 (23.08%) Model Validation
5 6 (23.08%) Statistics
5 6 (23.08%) Wealth Management
6 5 (19.23%) Analytics
6 5 (19.23%) Credit Risk Analysis
6 5 (19.23%) Financial Modelling
6 5 (19.23%) Numerical Analysis
6 5 (19.23%) Risk Analysis
6 5 (19.23%) Strategic Planning
7 4 (15.38%) Analytical Modelling
7 4 (15.38%) Data Analytics
7 4 (15.38%) Mathematical Modelling
7 4 (15.38%) Time Series Analysis
8 3 (11.54%) Backtesting
8 3 (11.54%) Monte Carlo Method
9 2 (7.69%) Financial Analysis
Programming Languages
1 15 (57.69%) Python
2 12 (46.15%) C++
3 6 (23.08%) C#
3 6 (23.08%) R
4 5 (19.23%) VBA
5 4 (15.38%) Java
5 4 (15.38%) Perl
5 4 (15.38%) Shell Script
6 3 (11.54%) SQL
7 2 (7.69%) PHP
8 1 (3.85%) VC++
Qualifications
1 12 (46.15%) Degree
2 9 (34.62%) Numerate Degree
3 3 (11.54%) Master's Degree
4 2 (7.69%) PhD
5 1 (3.85%) Computer Science Degree
Vendors
1 1 (3.85%) Microsoft
1 1 (3.85%) Oracle