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 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 538 610 816
Rank change year-on-year +72 +206 -151
Contract jobs requiring a Quantitative Analyst 32 80 47
As % of all contract jobs advertised in the UK 0.075% 0.14% 0.054%
As % of the Job Titles category 0.081% 0.15% 0.056%
Number of daily rates quoted 25 45 24
10th Percentile £577 £676 £452
25th Percentile £825 £738 £763
Median daily rate (50th Percentile) £900 £850 £850
Median % change year-on-year +5.88% - +21.43%
75th Percentile £950 £975 £950
90th Percentile £1,020 £1,178 £989
UK excluding London median daily rate - - £438
% change year-on-year - - -27.08%

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 39,467 53,505 83,509
% of contract IT jobs with a recognized job title 92.80% 94.60% 95.37%
Number of daily rates quoted 25,700 37,347 58,712
10th Percentile £280 £313 £313
25th Percentile £410 £425 £425
Median daily rate (50th Percentile) £525 £543 £525
Median % change year-on-year -3.31% +3.43% +8.25%
75th Percentile £638 £650 £638
90th Percentile £750 £750 £738
UK excluding London median daily rate £488 £500 £475
% change year-on-year -2.50% +5.26% +11.76%
Number of hourly rates quoted 2,724 1,494 2,029
10th Percentile £12.83 £14.25 £12.50
25th Percentile £16.30 £19.06 £15.75
Median hourly rate £36.50 £45.00 £23.91
Median % change year-on-year -18.89% +88.21% +6.44%
75th Percentile £61.30 £65.75 £49.25
90th Percentile £72.50 £75.95 £65.00
UK excluding London median hourly rate £40.00 £42.16 £20.00
% change year-on-year -5.11% +110.78% +5.26%

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 23 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 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
England +46 32 £900 +5.88% 24
London +45 31 £900 +5.88% 23
Work from Home +115 12 £900 +5.88% 14

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

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 featuring Quantitative Analyst in the job title.

1 24 (75.00%) Finance
2 16 (50.00%) Python
2 16 (50.00%) Banking
3 15 (46.88%) C++
3 15 (46.88%) Front Office
4 14 (43.75%) Investment Banking
4 14 (43.75%) Degree
4 14 (43.75%) Quantitative Finance
5 13 (40.63%) Analytical Skills
6 12 (37.50%) Mathematics
7 11 (34.38%) Physics
7 11 (34.38%) C#
8 10 (31.25%) Numerate Degree
9 9 (28.13%) Analytics
9 9 (28.13%) Derivative
10 8 (25.00%) Distributed Computing
11 7 (21.88%) Equities
11 7 (21.88%) Credit Risk
11 7 (21.88%) Stress Testing
12 6 (18.75%) Wealth Management
12 6 (18.75%) Statistics
12 6 (18.75%) Retail Banking
12 6 (18.75%) Corporate Banking
12 6 (18.75%) Retail
12 6 (18.75%) Algorithms
12 6 (18.75%) R
12 6 (18.75%) Model Validation
13 5 (15.63%) Credit Risk Analysis
13 5 (15.63%) Problem-Solving
13 5 (15.63%) Strategic Planning

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 (12.50%) Microsoft Excel
Development Applications
1 5 (15.63%) Visual Studio
2 4 (12.50%) Git
General
1 24 (75.00%) Finance
2 16 (50.00%) Banking
3 15 (46.88%) Front Office
4 14 (43.75%) Investment Banking
5 13 (40.63%) Analytical Skills
6 6 (18.75%) Corporate Banking
6 6 (18.75%) Retail
6 6 (18.75%) Retail Banking
7 5 (15.63%) Wholesale Banking
8 3 (9.38%) Social Skills
9 1 (3.13%) Back Office
9 1 (3.13%) International Banking
Libraries, Frameworks & Software Standards
1 1 (3.13%) XML
1 1 (3.13%) XSLT
Miscellaneous
1 9 (28.13%) Derivative
2 8 (25.00%) Distributed Computing
3 7 (21.88%) Credit Risk
3 7 (21.88%) Equities
4 6 (18.75%) Algorithms
5 4 (12.50%) Credit Derivative
5 4 (12.50%) Fixed Income
5 4 (12.50%) Foreign Exchange (FX)
5 4 (12.50%) Hedge funds
6 3 (9.38%) Equity Derivative
7 2 (6.25%) Market Risk
8 1 (3.13%) Interest Rate Derivative
8 1 (3.13%) Self-Motivation
Operating Systems
1 5 (15.63%) Linux
2 4 (12.50%) Unix
2 4 (12.50%) Windows
Processes & Methodologies
1 14 (43.75%) Quantitative Finance
2 12 (37.50%) Mathematics
3 11 (34.38%) Physics
4 9 (28.13%) Analytics
5 7 (21.88%) Stress Testing
6 6 (18.75%) Model Validation
6 6 (18.75%) Statistics
6 6 (18.75%) Wealth Management
7 5 (15.63%) Credit Risk Analysis
7 5 (15.63%) Financial Modelling
7 5 (15.63%) Numerical Analysis
7 5 (15.63%) Problem-Solving
7 5 (15.63%) Risk Analysis
7 5 (15.63%) Strategic Planning
8 4 (12.50%) Analytical Modelling
8 4 (12.50%) Data Modelling
8 4 (12.50%) Mathematical Modelling
8 4 (12.50%) Project Management
8 4 (12.50%) Software Architecture
8 4 (12.50%) Time Series Analysis
Programming Languages
1 16 (50.00%) Python
2 15 (46.88%) C++
3 11 (34.38%) C#
4 6 (18.75%) R
5 5 (15.63%) VBA
6 4 (12.50%) Java
6 4 (12.50%) Perl
6 4 (12.50%) Shell Script
7 3 (9.38%) SQL
8 2 (6.25%) PHP
9 1 (3.13%) VC++
Qualifications
1 14 (43.75%) Degree
2 10 (31.25%) Numerate Degree
3 3 (9.38%) Master's Degree
4 2 (6.25%) PhD
5 1 (3.13%) Computer Science Degree
Quality Assurance & Compliance
1 1 (3.13%) QA
Vendors
1 1 (3.13%) Microsoft
1 1 (3.13%) Oracle