Quantitative Finance (Mathematical Finance)
UK

The following table provides summary statistics for permanent job vacancies with a requirement for Quantitative Finance skills. Included is a benchmarking guide to the salaries offered in vacancies that have cited Quantitative Finance over the 6 months to 10 May 2024 with a comparison to the same period in the previous 2 years.

6 months to
10 May 2024
Same period 2023 Same period 2022
Rank 872 963 1166
Rank change year-on-year +91 +203 -282
Permanent jobs citing Quantitative Finance 26 17 35
As % of all permanent jobs advertised in the UK 0.026% 0.017% 0.022%
As % of the Processes & Methodologies category 0.031% 0.018% 0.023%
Number of salaries quoted 4 6 13
10th Percentile £43,625 £66,250 -
25th Percentile £45,313 £86,250 £80,000
Median annual salary (50th Percentile) £98,750 £87,500 £95,000
Median % change year-on-year +12.86% -7.89% +26.67%
75th Percentile £176,250 £99,063 £130,000
90th Percentile £201,000 £127,500 -
UK excluding London median annual salary £46,250 - -

All Process and Methodology Skills
UK

Quantitative Finance is in the Processes and Methodologies category. The following table is for comparison with the above and provides summary statistics for all permanent job vacancies with a requirement for process or methodology skills.

Permanent vacancies with a requirement for process or methodology skills 84,917 96,578 150,488
As % of all permanent jobs advertised in the UK 85.59% 95.61% 95.67%
Number of salaries quoted 59,883 56,844 82,330
10th Percentile £29,008 £34,000 £33,515
25th Percentile £40,000 £45,000 £43,750
Median annual salary (50th Percentile) £55,000 £61,190 £60,000
Median % change year-on-year -10.12% +1.98% +9.09%
75th Percentile £72,500 £81,250 £80,000
90th Percentile £92,500 £100,000 £96,250
UK excluding London median annual salary £50,000 £55,000 £52,500
% change year-on-year -9.09% +4.76% +9.38%

Quantitative Finance
Job Vacancy Trend

Job postings citing Quantitative Finance as a proportion of all IT jobs advertised.

Job vacancy trend for Quantitative Finance in the UK

Quantitative Finance
Salary Trend

3-month moving average salary quoted in jobs citing Quantitative Finance.

Salary trend for Quantitative Finance in the UK

Quantitative Finance
Salary Histogram

Salary distribution for jobs citing Quantitative Finance over the 6 months to 10 May 2024.

Salary histogram for Quantitative Finance in the UK

Quantitative Finance
Top 5 Job Locations

The table below looks at the demand and provides a guide to the median salaries quoted in IT jobs citing Quantitative Finance within the UK over the 6 months to 10 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
Permanent
IT Job Ads
Median Salary
Past 6 Months
Median Salary
% Change
on Same Period
Last Year
Live
Jobs
England +108 26 £98,750 +12.86% 29
London +126 24 £167,500 +91.43% 25
Work from Home +64 6 £98,750 - 13
South East +10 2 £46,250 - 2
UK excluding London -11 2 £46,250 - 4

Quantitative Finance
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:

Application Platforms
1 2 (7.69%) Apache
1 2 (7.69%) Apache Spark
2 1 (3.85%) SAS
Cloud Services
1 5 (19.23%) AWS
1 5 (19.23%) WhatsApp
2 2 (7.69%) Azure
3 1 (3.85%) Cloud Computing
Communications & Networking
1 3 (11.54%) FTP
Database & Business Intelligence
1 5 (19.23%) SQL Server
2 4 (15.38%) NoSQL
3 3 (11.54%) MongoDB
3 3 (11.54%) PostgreSQL
4 2 (7.69%) Hadoop
Development Applications
1 2 (7.69%) Git
General
1 26 (100.00%) Finance
2 13 (50.00%) Social Skills
3 9 (34.62%) Front Office
4 2 (7.69%) Analytical Skills
Job Titles
1 18 (69.23%) Developer
2 15 (57.69%) Quantitative Developer
3 12 (46.15%) Python Developer
4 4 (15.38%) Java Developer
5 3 (11.54%) Head of Development
6 2 (7.69%) Data Scientist
6 2 (7.69%) Front Office Developer
6 2 (7.69%) Java Quantitative Developer
6 2 (7.69%) Research Engineer
6 2 (7.69%) Research Software Engineer
6 2 (7.69%) Software Engineer
7 1 (3.85%) C++ Developer
7 1 (3.85%) C++ Quantitative Developer
7 1 (3.85%) Haskell Engineer
7 1 (3.85%) Lead
7 1 (3.85%) Python Engineer
7 1 (3.85%) Python Software Engineer
7 1 (3.85%) Rust Engineer
7 1 (3.85%) Rust Software Engineer
Libraries, Frameworks & Software Standards
1 8 (30.77%) NumPy
1 8 (30.77%) Pandas
2 5 (19.23%) React
3 4 (15.38%) .NET
4 3 (11.54%) AngularJS
4 3 (11.54%) CSS
4 3 (11.54%) FastAPI
4 3 (11.54%) FIX Protocol
4 3 (11.54%) HTML
4 3 (11.54%) Kafka
4 3 (11.54%) RabbitMQ
4 3 (11.54%) REST
4 3 (11.54%) Spring
4 3 (11.54%) Spring Boot
5 2 (7.69%) Apache Commons
Miscellaneous
1 13 (50.00%) Hedge funds
2 6 (23.08%) Algorithms
3 4 (15.38%) Equities
4 2 (7.69%) Distributed Computing
4 2 (7.69%) Greenfield Project
4 2 (7.69%) Mixed Reality
4 2 (7.69%) Self-Motivation
Operating Systems
1 5 (19.23%) Linux
Processes & Methodologies
1 19 (73.08%) Computer Science
1 19 (73.08%) Mathematics
2 11 (42.31%) Data Analysis
3 10 (38.46%) Quantitative Research
4 9 (34.62%) Agile
5 8 (30.77%) Analytics
5 8 (30.77%) Physics
6 7 (26.92%) Algorithmic Trading
6 7 (26.92%) Decision-Making
6 7 (26.92%) Risk Management
6 7 (26.92%) Statistics
7 6 (23.08%) Machine Learning
8 5 (19.23%) Econometrics
8 5 (19.23%) OO
8 5 (19.23%) Software Engineering
8 5 (19.23%) Statistical Modelling
9 4 (15.38%) Project Management
10 3 (11.54%) Data Management
10 3 (11.54%) RAD
10 3 (11.54%) Validation
Programming Languages
1 25 (96.15%) Python
2 13 (50.00%) C++
3 12 (46.15%) Java
4 10 (38.46%) SQL
5 6 (23.08%) JavaScript
6 3 (11.54%) Clojure
6 3 (11.54%) Groovy
6 3 (11.54%) Scala
7 2 (7.69%) Go
7 2 (7.69%) Haskell
7 2 (7.69%) Rust
8 1 (3.85%) R
Qualifications
1 19 (73.08%) Degree
2 8 (30.77%) Master's Degree
3 7 (26.92%) PhD
4 2 (7.69%) Computer Science Degree
Quality Assurance & Compliance
1 3 (11.54%) MiFID
Vendors
1 3 (11.54%) Bloomberg
1 3 (11.54%) Reuters