Quantitative Developer Contracts with Work from Home Options

Quant Developer
UK > Work from Home

The median Quant Developer daily rate for remote or hybrid work 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 299 404 552
Rank change year-on-year +105 +148 -60
Contract jobs requiring a Quantitative Developer 42 53 71
As % of all contract jobs with a WFH option 0.28% 0.22% 0.16%
As % of the Job Titles category 0.30% 0.23% 0.17%
Number of daily rates quoted 33 47 64
10th Percentile - £688 £675
25th Percentile £688 £794 £684
Median daily rate (50th Percentile) £900 £899 £813
Median % change year-on-year +0.11% +10.65% +12.07%
75th Percentile £1,250 £950 £888
90th Percentile - - -
UK median daily rate £900 £850 £750
% change year-on-year +5.88% +13.33% +7.14%

All Contract IT Job Vacancies
Work from Home

For comparison with the information above, the following table provides summary statistics for all contract IT job vacancies with WFH or hybrid options. 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 Work from Home with a recognized job title 13,801 22,740 41,944
% of contract IT jobs with a recognized job title 93.53% 95.25% 95.63%
Number of daily rates quoted 9,306 16,147 30,496
10th Percentile £325 £360 £358
25th Percentile £425 £445 £431
Median daily rate (50th Percentile) £525 £538 £525
Median % change year-on-year -2.33% +2.38% +7.14%
75th Percentile £638 £650 £638
90th Percentile £750 £750 £725
UK median daily rate £525 £538 £525
% change year-on-year -2.42% +2.48% +6.06%
Number of hourly rates quoted 566 528 563
10th Percentile £14.27 £16.98 £14.05
25th Percentile £22.59 £25.00 £19.96
Median hourly rate £43.50 £50.00 £40.00
Median % change year-on-year -13.00% +25.00% +70.21%
75th Percentile £63.56 £66.05 £59.50
90th Percentile £75.00 £76.15 £69.75
UK median hourly rate £37.50 £45.00 £25.00
% change year-on-year -16.67% +80.00% +16.28%

Quantitative Developer
Trend for Jobs with a WFH Option

Job vacancies with a work from home option which featured Quantitative Developer in the job title as a proportion of all IT jobs advertised.

Quantitative Developer trend for jobs with a WFH option

Quantitative Developer
Daily Rate Trend for Jobs with a WFH Option

3-month moving average daily rate quoted in job vacancies with a work from home option citing Quantitative Developer.

Quantitative Developer daily rate for jobs with a WFH option

Quantitative Developer
Daily Rate Histogram for Jobs with a WFH Option

Daily rate distribution for jobs with a work from home option citing Quantitative Developer over the 6 months to 12 June 2024.

Quantitative Developer daily rate histogram for jobs with a WFH option

Quantitative Developer Skill Set
Top 30 Co-occurring Skills and Capabilities in Job Vacancies with WFH Options

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 jobs with a WFH option featuring Quantitative Developer in the job title.

1 30 (71.43%) Finance
2 27 (64.29%) Python
3 23 (54.76%) Fixed Income
4 22 (52.38%) Banking
4 22 (52.38%) Derivative
5 21 (50.00%) Front Office
6 17 (40.48%) Hedge funds
7 14 (33.33%) Investment Banking
8 13 (30.95%) Algorithmic Trading
8 13 (30.95%) Azure
8 13 (30.95%) AWS
8 13 (30.95%) Asset Management
8 13 (30.95%) Equities
9 12 (28.57%) Java
9 12 (28.57%) Agile
10 10 (23.81%) GCP
10 10 (23.81%) Quantitative Research
10 10 (23.81%) Bloomberg
10 10 (23.81%) Software Engineering
10 10 (23.81%) FIX Protocol
10 10 (23.81%) Electronic Trading
10 10 (23.81%) Investment Management
10 10 (23.81%) R
11 9 (21.43%) Analytical Skills
12 7 (16.67%) Problem-Solving
12 7 (16.67%) Quantitative Finance
12 7 (16.67%) C++
12 7 (16.67%) Foreign Exchange (FX)
13 6 (14.29%) C#
13 6 (14.29%) Linux

Quantitative Developer Skill Set
Co-occurring Skills and Capabilities with WFH Options 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 (2.38%) MQSeries
Business Applications
1 3 (7.14%) Orchestrade
Cloud Services
1 13 (30.95%) AWS
1 13 (30.95%) Azure
2 10 (23.81%) GCP
3 1 (2.38%) Azure DevOps
3 1 (2.38%) GitHub
Database & Business Intelligence
1 2 (4.76%) SQL Server
2 1 (2.38%) NoSQL
General
1 30 (71.43%) Finance
2 22 (52.38%) Banking
3 21 (50.00%) Front Office
4 14 (33.33%) Investment Banking
5 9 (21.43%) Analytical Skills
6 1 (2.38%) Financial Institution
6 1 (2.38%) Social Skills
Libraries, Frameworks & Software Standards
1 10 (23.81%) FIX Protocol
2 2 (4.76%) .NET
2 2 (4.76%) AngularJS
2 2 (4.76%) React
3 1 (2.38%) NumPy
3 1 (2.38%) Pandas
3 1 (2.38%) Rendezvous
3 1 (2.38%) SciPy
Miscellaneous
1 23 (54.76%) Fixed Income
2 22 (52.38%) Derivative
3 17 (40.48%) Hedge funds
4 13 (30.95%) Equities
5 7 (16.67%) Foreign Exchange (FX)
6 5 (11.90%) Algorithms
7 2 (4.76%) Credit Derivative
7 2 (4.76%) Greenfield Project
Operating Systems
1 6 (14.29%) Linux
Processes & Methodologies
1 13 (30.95%) Algorithmic Trading
1 13 (30.95%) Asset Management
2 12 (28.57%) Agile
3 10 (23.81%) Electronic Trading
3 10 (23.81%) Investment Management
3 10 (23.81%) Quantitative Research
3 10 (23.81%) Software Engineering
4 7 (16.67%) Problem-Solving
4 7 (16.67%) Quantitative Finance
5 6 (14.29%) Mathematics
6 5 (11.90%) Physics
7 3 (7.14%) Computer Science
7 3 (7.14%) Order Management
7 3 (7.14%) Portfolio Management
8 2 (4.76%) Analytical Modelling
8 2 (4.76%) Analytics
8 2 (4.76%) Automated Trading
8 2 (4.76%) DevOps
8 2 (4.76%) Full Stack Development
8 2 (4.76%) Statistics
Programming Languages
1 27 (64.29%) Python
2 12 (28.57%) Java
3 10 (23.81%) R
4 7 (16.67%) C++
5 6 (14.29%) C#
6 2 (4.76%) JavaScript
7 1 (2.38%) Rust
7 1 (2.38%) SQL
Qualifications
1 5 (11.90%) Degree
2 2 (4.76%) Numerate Degree
Vendors
1 10 (23.81%) Bloomberg
2 1 (2.38%) IBM
2 1 (2.38%) Solace
2 1 (2.38%) TIBCO