Quantitative Developer Contracts in London

Quant Developer
England > London

The median Quant Developer daily rate in London is £900 according to job vacancies posted during the 6 months to 9 June 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
9 Jun 2024
Same period 2023 Same period 2022
Rank 316 363 460
Rank change year-on-year +47 +97 -97
Contract jobs requiring a Quantitative Developer 84 121 129
As % of all contract jobs advertised in London 0.48% 0.48% 0.33%
As % of the Job Titles category 0.51% 0.51% 0.35%
Number of daily rates quoted 67 95 118
10th Percentile £688 £680 £675
25th Percentile £763 £760 £688
Median daily rate (50th Percentile) £900 £850 £750
Median % change year-on-year +5.88% +13.33% +6.19%
75th Percentile £1,069 £950 £884
90th Percentile £1,250 £1,000 £939
England median daily rate £900 £850 £750
% change year-on-year +5.88% +13.33% +6.19%

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 16,438 23,913 36,894
% of contract IT jobs with a recognized job title 93.64% 95.07% 95.31%
Number of daily rates quoted 11,847 17,448 27,145
10th Percentile £325 £363 £375
25th Percentile £440 £463 £473
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 £533
% change year-on-year -4.55% +3.19% +6.60%
Number of hourly rates quoted 327 279 411
10th Percentile £16.00 £17.88 £16.25
25th Percentile £20.22 £22.57 £23.24
Median hourly rate £27.81 £36.00 £35.00
Median % change year-on-year -22.75% +2.86% +6.54%
75th Percentile £46.68 £63.75 £49.25
90th Percentile £67.40 £80.45 £67.50
England median hourly rate £39.50 £45.00 £23.91
% change year-on-year -12.22% +88.21% +13.59%

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 9 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 9 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 +30 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 9 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 57 (67.86%) Python
2 51 (60.71%) Finance
3 35 (41.67%) Derivative
4 30 (35.71%) Front Office
5 29 (34.52%) Fixed Income
6 27 (32.14%) C++
6 27 (32.14%) Banking
6 27 (32.14%) Azure
7 25 (29.76%) Java
8 23 (27.38%) Agile
8 23 (27.38%) Mathematics
9 22 (26.19%) Investment Banking
9 22 (26.19%) SQL
10 21 (25.00%) AWS
10 21 (25.00%) Hedge funds
10 21 (25.00%) DevOps
10 21 (25.00%) Analytical Skills
11 20 (23.81%) Software Engineering
11 20 (23.81%) Degree
12 19 (22.62%) C#
12 19 (22.62%) Equities
13 15 (17.86%) Algorithmic Trading
13 15 (17.86%) Analytics
13 15 (17.86%) Quantitative Research
13 15 (17.86%) Problem-Solving
13 15 (17.86%) CI/CD
14 14 (16.67%) Asset Management
15 13 (15.48%) Computer Science
15 13 (15.48%) Pandas
15 13 (15.48%) NumPy

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 (1.19%) MQSeries
1 1 (1.19%) SAS
Business Applications
1 3 (3.57%) Orchestrade
Cloud Services
1 27 (32.14%) Azure
2 21 (25.00%) AWS
3 12 (14.29%) Azure DevOps
4 11 (13.10%) GCP
5 10 (11.90%) GitHub
6 2 (2.38%) Azure Data Factory
6 2 (2.38%) Snowflake
7 1 (1.19%) Power Platform
7 1 (1.19%) PowerApps
Database & Business Intelligence
1 12 (14.29%) NoSQL
2 9 (10.71%) SQL Server
3 2 (2.38%) Azure SQL Database
4 1 (1.19%) Power BI
Development Applications
1 3 (3.57%) Visual Studio
General
1 51 (60.71%) Finance
2 30 (35.71%) Front Office
3 27 (32.14%) Banking
4 22 (26.19%) Investment Banking
5 21 (25.00%) Analytical Skills
6 5 (5.95%) Retail Banking
7 4 (4.76%) Social Skills
8 2 (2.38%) Presentation Skills
9 1 (1.19%) Financial Institution
9 1 (1.19%) Retail
Libraries, Frameworks & Software Standards
1 13 (15.48%) NumPy
1 13 (15.48%) Pandas
2 11 (13.10%) FIX Protocol
2 11 (13.10%) SciPy
3 4 (4.76%) .NET
4 2 (2.38%) ADO
4 2 (2.38%) AngularJS
4 2 (2.38%) Matplotlib
4 2 (2.38%) React
5 1 (1.19%) Rendezvous
5 1 (1.19%) Tkinter
Miscellaneous
1 35 (41.67%) Derivative
2 29 (34.52%) Fixed Income
3 21 (25.00%) Hedge funds
4 19 (22.62%) Equities
5 12 (14.29%) Algorithms
6 6 (7.14%) Market Risk
7 3 (3.57%) Distributed Computing
7 3 (3.57%) Equity Derivative
8 2 (2.38%) Credit Derivative
8 2 (2.38%) Greenfield Project
8 2 (2.38%) Renewable Energy
8 2 (2.38%) Solar Panel
9 1 (1.19%) Credit Risk
9 1 (1.19%) Data Structures
9 1 (1.19%) Foreign Exchange (FX)
Processes & Methodologies
1 23 (27.38%) Agile
1 23 (27.38%) Mathematics
2 21 (25.00%) DevOps
3 20 (23.81%) Software Engineering
4 15 (17.86%) Algorithmic Trading
4 15 (17.86%) Analytics
4 15 (17.86%) CI/CD
4 15 (17.86%) Problem-Solving
4 15 (17.86%) Quantitative Research
5 14 (16.67%) Asset Management
6 13 (15.48%) Computer Science
7 12 (14.29%) Electronic Trading
7 12 (14.29%) Quantitative Finance
8 11 (13.10%) Investment Management
8 11 (13.10%) SDLC
9 10 (11.90%) Data Pipeline
9 10 (11.90%) Product Requirements
9 10 (11.90%) Test Automation
10 9 (10.71%) Backtesting
11 8 (9.52%) Financial Modelling
Programming Languages
1 57 (67.86%) Python
2 27 (32.14%) C++
3 25 (29.76%) Java
4 22 (26.19%) SQL
5 19 (22.62%) C#
6 12 (14.29%) R
7 10 (11.90%) Rust
8 2 (2.38%) JavaScript
8 2 (2.38%) Scala
9 1 (1.19%) PHP
Qualifications
1 20 (23.81%) Degree
2 5 (5.95%) Numerate Degree
3 4 (4.76%) Master's Degree
4 1 (1.19%) Computer Science Degree
Quality Assurance & Compliance
1 1 (1.19%) IFRS
1 1 (1.19%) IFRS 9
Vendors
1 11 (13.10%) Bloomberg
2 1 (1.19%) IBM
2 1 (1.19%) Solace
2 1 (1.19%) TIBCO