Quantitative Developer Contracts in London

Quant Developer
England > London

The median Quant Developer 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 320 359 475
Rank change year-on-year +39 +116 -97
Contract jobs requiring a Quantitative Developer 80 123 129
As % of all contract jobs advertised in London 0.45% 0.49% 0.34%
As % of the Job Titles category 0.48% 0.51% 0.35%
Number of daily rates quoted 64 97 118
10th Percentile £688 £683 £675
25th Percentile £763 £763 £688
Median daily rate (50th Percentile) £900 £850 £750
Median % change year-on-year +5.88% +13.33% +7.14%
75th Percentile £1,053 £950 £884
90th Percentile £1,250 £1,000 £939
England median daily rate £900 £850 £750
% change year-on-year +5.88% +13.33% +7.14%

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 Developer
Job Vacancy Trend in London

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

Job vacancy trend for Quantitative Developer in London

Quantitative Developer
Contractor Daily Rate Trend in London

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

Daily rate trend for Quantitative Developer in London

Quantitative Developer
Daily Rate Histogram in London

Daily rate distribution for jobs citing Quantitative Developer in London over the 6 months to 12 June 2024.

Daily rate histogram for Quantitative Developer in London

Quantitative Developer
Contractor Hourly Rate Trend in London

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

Hourly rate trend for Quantitative Developer in London

Quantitative Developer
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 Developer 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 +32 15 £900 +7.46%
Quantitative Developer
England

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

For the 6 months to 12 June 2024, Quantitative Developer 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 Developer in the job title.

1 55 (68.75%) Python
2 48 (60.00%) Finance
3 34 (42.50%) Derivative
4 28 (35.00%) Front Office
5 27 (33.75%) Fixed Income
5 27 (33.75%) C++
6 26 (32.50%) Banking
6 26 (32.50%) Azure
7 23 (28.75%) Mathematics
7 23 (28.75%) Java
8 22 (27.50%) SQL
8 22 (27.50%) Agile
9 21 (26.25%) Investment Banking
9 21 (26.25%) DevOps
10 20 (25.00%) Analytical Skills
10 20 (25.00%) AWS
10 20 (25.00%) Hedge funds
10 20 (25.00%) Degree
11 19 (23.75%) Software Engineering
12 18 (22.50%) C#
12 18 (22.50%) Equities
13 15 (18.75%) CI/CD
14 14 (17.50%) Quantitative Research
14 14 (17.50%) Problem-Solving
14 14 (17.50%) Algorithmic Trading
15 13 (16.25%) Computer Science
15 13 (16.25%) Asset Management
15 13 (16.25%) NumPy
15 13 (16.25%) Analytics
15 13 (16.25%) Pandas

Quantitative Developer 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:

Application Platforms
1 1 (1.25%) MQSeries
1 1 (1.25%) SAS
Business Applications
1 3 (3.75%) Orchestrade
Cloud Services
1 26 (32.50%) Azure
2 20 (25.00%) AWS
3 12 (15.00%) Azure DevOps
4 10 (12.50%) GCP
4 10 (12.50%) GitHub
5 2 (2.50%) Azure Data Factory
5 2 (2.50%) Snowflake
6 1 (1.25%) Power Platform
6 1 (1.25%) PowerApps
Database & Business Intelligence
1 12 (15.00%) NoSQL
2 9 (11.25%) SQL Server
3 2 (2.50%) Azure SQL Database
4 1 (1.25%) Power BI
Development Applications
1 3 (3.75%) Visual Studio
General
1 48 (60.00%) Finance
2 28 (35.00%) Front Office
3 26 (32.50%) Banking
4 21 (26.25%) Investment Banking
5 20 (25.00%) Analytical Skills
6 5 (6.25%) Retail Banking
7 4 (5.00%) Social Skills
8 2 (2.50%) Presentation Skills
9 1 (1.25%) Financial Institution
9 1 (1.25%) Retail
Libraries, Frameworks & Software Standards
1 13 (16.25%) NumPy
1 13 (16.25%) Pandas
2 11 (13.75%) SciPy
3 10 (12.50%) FIX Protocol
4 4 (5.00%) .NET
5 2 (2.50%) ADO
5 2 (2.50%) AngularJS
5 2 (2.50%) Matplotlib
5 2 (2.50%) React
6 1 (1.25%) Rendezvous
6 1 (1.25%) Tkinter
Miscellaneous
1 34 (42.50%) Derivative
2 27 (33.75%) Fixed Income
3 20 (25.00%) Hedge funds
4 18 (22.50%) Equities
5 11 (13.75%) Algorithms
6 6 (7.50%) Market Risk
7 3 (3.75%) Distributed Computing
7 3 (3.75%) Equity Derivative
8 2 (2.50%) Credit Derivative
8 2 (2.50%) Greenfield Project
8 2 (2.50%) Renewable Energy
8 2 (2.50%) Solar Panel
9 1 (1.25%) Credit Risk
9 1 (1.25%) Data Structures
9 1 (1.25%) Foreign Exchange (FX)
Processes & Methodologies
1 23 (28.75%) Mathematics
2 22 (27.50%) Agile
3 21 (26.25%) DevOps
4 19 (23.75%) Software Engineering
5 15 (18.75%) CI/CD
6 14 (17.50%) Algorithmic Trading
6 14 (17.50%) Problem-Solving
6 14 (17.50%) Quantitative Research
7 13 (16.25%) Analytics
7 13 (16.25%) Asset Management
7 13 (16.25%) Computer Science
8 12 (15.00%) Quantitative Finance
9 11 (13.75%) Electronic Trading
9 11 (13.75%) SDLC
10 10 (12.50%) Data Pipeline
10 10 (12.50%) Investment Management
10 10 (12.50%) Product Requirements
10 10 (12.50%) Test Automation
11 9 (11.25%) Backtesting
12 8 (10.00%) Financial Modelling
Programming Languages
1 55 (68.75%) Python
2 27 (33.75%) C++
3 23 (28.75%) Java
4 22 (27.50%) SQL
5 18 (22.50%) C#
6 11 (13.75%) R
7 10 (12.50%) Rust
8 2 (2.50%) JavaScript
9 1 (1.25%) PHP
9 1 (1.25%) Scala
Qualifications
1 20 (25.00%) Degree
2 5 (6.25%) Numerate Degree
3 4 (5.00%) Master's Degree
4 1 (1.25%) Computer Science Degree
Quality Assurance & Compliance
1 1 (1.25%) IFRS
1 1 (1.25%) IFRS 9
Vendors
1 10 (12.50%) Bloomberg
2 1 (1.25%) IBM
2 1 (1.25%) Solace
2 1 (1.25%) TIBCO