Quant Developer
UK

The median Quant Developer salary in the UK is £137,500 per year according to job vacancies posted during the 6 months to 18 May 2024.

The first table below provides salary benchmarking and summary statistics including a comparison to same period in the previous 2 years.

6 months to
18 May 2024
Same period 2023 Same period 2022
Rank 737 878 1115
Rank change year-on-year +141 +237 -306
Permanent jobs requiring a Quantitative Developer 154 99 129
As % of all permanent jobs advertised in the UK 0.15% 0.100% 0.080%
As % of the Job Titles category 0.16% 0.11% 0.084%
Number of salaries quoted 107 82 115
10th Percentile £97,500 £77,500 £75,000
25th Percentile £100,000 £97,500 £80,000
Median annual salary (50th Percentile) £137,500 £123,750 £100,000
Median % change year-on-year +11.11% +23.75% -13.04%
75th Percentile £155,000 £150,000 £132,500
90th Percentile £172,500 £162,500 £150,000
UK excluding London median annual salary - £90,000 -

All Permanent IT Job Vacancies
UK

The following table is for comparison with the above and includes summary statistics for all permanent 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 permanent jobs in our overall sample.

Permanent vacancies in the UK with a recognized job title 94,593 90,744 154,424
% of permanent jobs with a recognized job title 94.69% 91.51% 96.08%
Number of salaries quoted 67,603 57,335 84,442
10th Percentile £28,500 £32,500 £32,500
25th Percentile £38,500 £45,000 £42,521
Median annual salary (50th Percentile) £52,500 £60,000 £60,000
Median % change year-on-year -12.50% - +9.09%
75th Percentile £71,000 £80,000 £78,750
90th Percentile £90,000 £100,000 £95,000
UK excluding London median annual salary £50,000 £53,000 £50,000
% change year-on-year -5.66% +6.00% +5.26%

Quantitative Developer
Job Vacancy Trend

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

Job vacancy trend for Quantitative Developer in the UK

Quantitative Developer
Salary Trend

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

Salary trend for Quantitative Developer in the UK

Quantitative Developer
Salary Histogram

Salary distribution for jobs citing Quantitative Developer over the 6 months to 18 May 2024.

Salary histogram for Quantitative Developer in the UK

Quantitative Developer
Top 3 Job Locations

The table below looks at the demand and provides a guide to the median salaries quoted in IT jobs citing Quantitative Developer within the UK over the 6 months to 18 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
London +167 154 £137,500 +7.84% 81
England +145 154 £137,500 +10.00% 83
Work from Home +101 78 £137,500 +25.00% 27

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

For the 6 months to 18 May 2024, Quantitative Developer 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 permanent job ads featuring Quantitative Developer in the job title.

1 109 (70.78%) Python
2 98 (63.64%) Finance
3 70 (45.45%) Hedge funds
3 70 (45.45%) Quantitative Research
4 68 (44.16%) Fixed Income
5 65 (42.21%) Front Office
6 59 (38.31%) Equities
7 50 (32.47%) Software Engineering
8 48 (31.17%) AWS
8 48 (31.17%) Agile
9 46 (29.87%) Azure
10 44 (28.57%) Asset Management
11 43 (27.92%) Derivative
12 42 (27.27%) GCP
13 41 (26.62%) R
13 41 (26.62%) Investment Management
14 39 (25.32%) Java
15 38 (24.68%) Bloomberg
16 35 (22.73%) C++
17 34 (22.08%) Algorithmic Trading
18 30 (19.48%) Mathematics
19 28 (18.18%) Computer Science
19 28 (18.18%) Degree
20 27 (17.53%) Social Skills
21 24 (15.58%) Algorithms
22 17 (11.04%) Investment Banking
22 17 (11.04%) Banking
22 17 (11.04%) Electronic Trading
23 16 (10.39%) Quantitative Trading
24 15 (9.74%) Problem-Solving

Quantitative Developer 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:

Application Platforms
1 5 (3.25%) Apache
1 5 (3.25%) Apache Spark
2 1 (0.65%) Apache Airflow
2 1 (0.65%) SAS
Applications
1 2 (1.30%) Microsoft Excel
Cloud Services
1 48 (31.17%) AWS
2 46 (29.87%) Azure
3 42 (27.27%) GCP
4 3 (1.95%) Cloud Computing
5 2 (1.30%) Power Platform
5 2 (1.30%) WhatsApp
6 1 (0.65%) Amazon S3
Communications & Networking
1 3 (1.95%) Multicast
Database & Business Intelligence
1 4 (2.60%) KDB
1 4 (2.60%) SQL Server
2 2 (1.30%) Big Data
2 2 (1.30%) Hadoop
2 2 (1.30%) Kdb+
2 2 (1.30%) Power BI
2 2 (1.30%) SQL Server Reporting Services
3 1 (0.65%) Dremio
3 1 (0.65%) Flink
3 1 (0.65%) NoSQL
3 1 (0.65%) Tick Data
Development Applications
1 4 (2.60%) Git
2 1 (0.65%) Mockito
General
1 98 (63.64%) Finance
2 65 (42.21%) Front Office
3 27 (17.53%) Social Skills
4 17 (11.04%) Banking
4 17 (11.04%) Investment Banking
5 3 (1.95%) Analytical Skills
5 3 (1.95%) Financial Institution
6 2 (1.30%) Advertising
6 2 (1.30%) Law
7 1 (0.65%) Games
Libraries, Frameworks & Software Standards
1 15 (9.74%) FIX Protocol
2 9 (5.84%) NumPy
2 9 (5.84%) Pandas
3 3 (1.95%) scikit-learn
3 3 (1.95%) SciPy
3 3 (1.95%) WebSockets
4 2 (1.30%) Apache Commons
4 2 (1.30%) PySpark
4 2 (1.30%) PyTorch
4 2 (1.30%) React
5 1 (0.65%) .NET
5 1 (0.65%) Dask
5 1 (0.65%) gRPC
5 1 (0.65%) Kafka
5 1 (0.65%) OpenTelemetry
Miscellaneous
1 70 (45.45%) Hedge funds
2 68 (44.16%) Fixed Income
3 59 (38.31%) Equities
4 43 (27.92%) Derivative
5 24 (15.58%) Algorithms
6 15 (9.74%) Foreign Exchange (FX)
7 11 (7.14%) Data Structures
8 5 (3.25%) Distributed Computing
8 5 (3.25%) Greenfield Project
9 4 (2.60%) Distributed Systems
10 3 (1.95%) Client/Server
11 2 (1.30%) Credit Derivative
12 1 (0.65%) Cloud Native
12 1 (0.65%) Distributed Applications
Operating Systems
1 9 (5.84%) Linux
Processes & Methodologies
1 70 (45.45%) Quantitative Research
2 50 (32.47%) Software Engineering
3 48 (31.17%) Agile
4 44 (28.57%) Asset Management
5 41 (26.62%) Investment Management
6 34 (22.08%) Algorithmic Trading
7 30 (19.48%) Mathematics
8 28 (18.18%) Computer Science
9 17 (11.04%) Electronic Trading
10 16 (10.39%) Quantitative Trading
11 15 (9.74%) Analytics
11 15 (9.74%) Problem-Solving
11 15 (9.74%) Quantitative Finance
12 14 (9.09%) Backtesting
12 14 (9.09%) Market Making
12 14 (9.09%) Proprietary Trading
13 12 (7.79%) Data Science
13 12 (7.79%) Low Latency
14 11 (7.14%) Fintech
15 10 (6.49%) Machine Learning
Programming Languages
1 109 (70.78%) Python
2 41 (26.62%) R
3 39 (25.32%) Java
4 35 (22.73%) C++
5 11 (7.14%) C#
6 7 (4.55%) SQL
7 2 (1.30%) JavaScript
7 2 (1.30%) Scala
7 2 (1.30%) T-SQL
7 2 (1.30%) VBA
8 1 (0.65%) C
8 1 (0.65%) MATLAB
Qualifications
1 28 (18.18%) Degree
2 14 (9.09%) Master's Degree
2 14 (9.09%) PhD
3 4 (2.60%) Computer Science Degree
Quality Assurance & Compliance
1 1 (0.65%) MiFID
System Software
1 1 (0.65%) Docker
1 1 (0.65%) Slurm Workload Manager
Systems Management
1 7 (4.55%) Kubernetes
2 1 (0.65%) Prometheus
Vendors
1 38 (24.68%) Bloomberg
2 2 (1.30%) Microsoft
2 2 (1.30%) Oracle
2 2 (1.30%) Sybase
3 1 (0.65%) Solace