Quantitative Developer Jobs

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 9 June 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
9 Jun 2024
Same period 2023 Same period 2022
Rank 773 832 1155
Rank change year-on-year +59 +323 -297
Permanent jobs requiring a Quantitative Developer 149 113 126
As % of all permanent jobs advertised in the UK 0.14% 0.12% 0.073%
As % of the Job Titles category 0.15% 0.13% 0.076%
Number of salaries quoted 98 94 108
10th Percentile £97,500 £79,750 £75,000
25th Percentile £100,000 £97,500 £81,250
Median annual salary (50th Percentile) £137,500 £123,750 £100,000
Median % change year-on-year +11.11% +23.75% -9.09%
75th Percentile £164,375 £150,000 £132,500
90th Percentile £172,500 £162,500 £152,500
UK excluding London median annual salary - - -

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 102,753 84,908 164,946
% of permanent jobs with a recognized job title 94.75% 91.21% 95.96%
Number of salaries quoted 72,538 55,143 85,388
10th Percentile £28,500 £32,500 £32,500
25th Percentile £38,524 £45,000 £42,750
Median annual salary (50th Percentile) £52,500 £60,000 £60,000
Median % change year-on-year -12.50% - +9.09%
75th Percentile £70,000 £80,000 £78,750
90th Percentile £90,000 £100,000 £95,000
UK excluding London median annual salary £50,000 £53,500 £50,296
% change year-on-year -6.54% +6.37% +5.89%

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 9 June 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 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
Permanent
IT Job Ads
Median Salary
Past 6 Months
Median Salary
% Change
on Same Period
Last Year
Live
Jobs
London +101 149 £137,500 +10.00% 44
England +63 149 £137,500 +11.11% 46
Work from Home +61 69 £137,500 +25.00% 12

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

For the 6 months to 9 June 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.

1 104 (69.80%) Python
2 92 (61.74%) Finance
3 63 (42.28%) Hedge funds
3 63 (42.28%) Quantitative Research
4 58 (38.93%) Front Office
5 57 (38.26%) Fixed Income
6 54 (36.24%) Equities
7 42 (28.19%) Software Engineering
7 42 (28.19%) AWS
8 41 (27.52%) Agile
8 41 (27.52%) Java
9 39 (26.17%) Azure
10 38 (25.50%) Asset Management
11 36 (24.16%) Derivative
11 36 (24.16%) C++
11 36 (24.16%) Algorithmic Trading
12 34 (22.82%) Degree
12 34 (22.82%) Mathematics
12 34 (22.82%) GCP
13 33 (22.15%) Investment Management
13 33 (22.15%) R
14 32 (21.48%) Bloomberg
15 31 (20.81%) Computer Science
16 29 (19.46%) Social Skills
17 27 (18.12%) Algorithms
18 18 (12.08%) Analytics
18 18 (12.08%) Quantitative Finance
19 17 (11.41%) Quantitative Trading
19 17 (11.41%) Electronic Trading
19 17 (11.41%) Investment Banking

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 (3.36%) Apache
1 5 (3.36%) Apache Spark
2 1 (0.67%) Apache Airflow
2 1 (0.67%) SAS
Applications
1 2 (1.34%) Microsoft Excel
Cloud Services
1 42 (28.19%) AWS
2 39 (26.17%) Azure
3 34 (22.82%) GCP
4 3 (2.01%) Cloud Computing
4 3 (2.01%) WhatsApp
5 2 (1.34%) Power Platform
6 1 (0.67%) Amazon S3
Communications & Networking
1 3 (2.01%) Multicast
Database & Business Intelligence
1 5 (3.36%) SQL Server
2 4 (2.68%) KDB
3 2 (1.34%) Big Data
3 2 (1.34%) Hadoop
3 2 (1.34%) Kdb+
3 2 (1.34%) Power BI
3 2 (1.34%) SQL Server Reporting Services
3 2 (1.34%) Tick Data
4 1 (0.67%) Dremio
4 1 (0.67%) Flink
4 1 (0.67%) NoSQL
Development Applications
1 4 (2.68%) Git
2 1 (0.67%) Mockito
General
1 92 (61.74%) Finance
2 58 (38.93%) Front Office
3 29 (19.46%) Social Skills
4 17 (11.41%) Banking
4 17 (11.41%) Investment Banking
5 3 (2.01%) Financial Institution
6 2 (1.34%) Advertising
6 2 (1.34%) Law
7 1 (0.67%) Analytical Skills
7 1 (0.67%) Games
Libraries, Frameworks & Software Standards
1 15 (10.07%) FIX Protocol
2 11 (7.38%) NumPy
2 11 (7.38%) Pandas
3 3 (2.01%) React
3 3 (2.01%) scikit-learn
3 3 (2.01%) SciPy
3 3 (2.01%) WebSockets
4 2 (1.34%) Apache Commons
4 2 (1.34%) PySpark
4 2 (1.34%) PyTorch
5 1 (0.67%) .NET
5 1 (0.67%) Dask
5 1 (0.67%) gRPC
5 1 (0.67%) Kafka
5 1 (0.67%) OpenTelemetry
Miscellaneous
1 63 (42.28%) Hedge funds
2 57 (38.26%) Fixed Income
3 54 (36.24%) Equities
4 36 (24.16%) Derivative
5 27 (18.12%) Algorithms
6 15 (10.07%) Foreign Exchange (FX)
7 11 (7.38%) Data Structures
8 5 (3.36%) Distributed Computing
8 5 (3.36%) Distributed Systems
9 3 (2.01%) Client/Server
9 3 (2.01%) Greenfield Project
10 1 (0.67%) Cloud Native
10 1 (0.67%) Distributed Applications
10 1 (0.67%) Management Information System
10 1 (0.67%) Market Risk
Operating Systems
1 9 (6.04%) Linux
Processes & Methodologies
1 63 (42.28%) Quantitative Research
2 42 (28.19%) Software Engineering
3 41 (27.52%) Agile
4 38 (25.50%) Asset Management
5 36 (24.16%) Algorithmic Trading
6 34 (22.82%) Mathematics
7 33 (22.15%) Investment Management
8 31 (20.81%) Computer Science
9 18 (12.08%) Analytics
9 18 (12.08%) Quantitative Finance
10 17 (11.41%) Electronic Trading
10 17 (11.41%) Quantitative Trading
11 15 (10.07%) Backtesting
11 15 (10.07%) Problem-Solving
12 14 (9.40%) Market Making
12 14 (9.40%) Proprietary Trading
13 13 (8.72%) Data Analysis
14 12 (8.05%) Data Science
14 12 (8.05%) Fintech
14 12 (8.05%) Low Latency
Programming Languages
1 104 (69.80%) Python
2 41 (27.52%) Java
3 36 (24.16%) C++
4 33 (22.15%) R
5 13 (8.72%) C#
6 7 (4.70%) SQL
7 3 (2.01%) JavaScript
8 2 (1.34%) T-SQL
8 2 (1.34%) VBA
9 1 (0.67%) C
9 1 (0.67%) MATLAB
Qualifications
1 34 (22.82%) Degree
2 16 (10.74%) Master's Degree
2 16 (10.74%) PhD
3 4 (2.68%) Computer Science Degree
Quality Assurance & Compliance
1 1 (0.67%) MiFID
System Software
1 1 (0.67%) Docker
1 1 (0.67%) Slurm Workload Manager
Systems Management
1 9 (6.04%) Kubernetes
2 1 (0.67%) Prometheus
Vendors
1 32 (21.48%) Bloomberg
2 2 (1.34%) Microsoft
2 2 (1.34%) Oracle
2 2 (1.34%) Sybase
3 1 (0.67%) Solace