Backtesting Contracts in the City of London

Backtesting
Central London > City of London

The following table provides summary statistics for contract job vacancies advertised in the City of London with a requirement for Backtesting skills. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Backtesting over the 6 months to 4 May 2024 with a comparison to the same period in the previous 2 years.

6 months to
4 May 2024
Same period 2023 Same period 2022
Rank 121 168 196
Rank change year-on-year +47 +28 -49
Contract jobs citing Backtesting 3 6 1
As % of all contract jobs advertised in the City of London 0.14% 0.17% 0.024%
As % of the Processes & Methodologies category 0.15% 0.18% 0.026%
Number of daily rates quoted 3 1 0
10th Percentile £818 - -
25th Percentile £844 - -
Median daily rate (50th Percentile) £925 £800 -
Median % change year-on-year +15.63% - -
75th Percentile £997 - -
90th Percentile £1,017 - -
Central London median daily rate £971 £800 -
% change year-on-year +21.31% - -

All Process and Methodology Skills
City of London

Backtesting is in the Processes and Methodologies category. The following table is for comparison with the above and provides summary statistics for all contract job vacancies advertised in the City of London with a requirement for process or methodology skills.

Contract vacancies with a requirement for process or methodology skills 1,967 3,321 3,899
As % of all contract IT jobs advertised in the City of London 90.60% 91.59% 91.78%
Number of daily rates quoted 1,395 2,237 2,950
10th Percentile £363 £350 £388
25th Percentile £450 £475 £475
Median daily rate (50th Percentile) £568 £600 £575
Median % change year-on-year -5.42% +4.35% +9.52%
75th Percentile £688 £730 £676
90th Percentile £813 £825 £775
Central London median daily rate £550 £600 £575
% change year-on-year -8.33% +4.39% +9.48%
Number of hourly rates quoted 11 25 41
10th Percentile £19.92 £15.35 £18.50
25th Percentile £20.22 £18.50 £24.25
Median hourly rate £25.00 £35.00 £40.50
Median % change year-on-year -28.57% -13.58% +113.30%
75th Percentile £40.00 £58.75 £55.25
90th Percentile £41.84 £88.30 £65.75
Central London median hourly rate £27.81 £35.00 £40.50
% change year-on-year -20.54% -13.58% +102.50%

Backtesting
Job Vacancy Trend in the City of London

Job postings citing Backtesting as a proportion of all IT jobs advertised in the City of London.

Job vacancy trend for Backtesting in the City of London

Backtesting
Contractor Daily Rate Trend in the City of London

3-month moving average daily rate quoted in jobs citing Backtesting in the City of London.

Daily rate trend for Backtesting in the City of London

Backtesting
Co-occurring Skills and Capabilities in the City of 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:

General
1 1 (33.33%) Social Skills
Job Titles
1 2 (66.67%) Developer
2 1 (33.33%) Python Engineer
Miscellaneous
1 2 (66.67%) Algorithms
1 2 (66.67%) Fixed Income
Operating Systems
1 1 (33.33%) Linux
Processes & Methodologies
1 3 (100.00%) Algorithmic Trading
2 2 (66.67%) Analytics
2 2 (66.67%) Low Latency
2 2 (66.67%) Order Management
2 2 (66.67%) Technical Debt
2 2 (66.67%) Test Automation
3 1 (33.33%) CI/CD
3 1 (33.33%) Data Management
3 1 (33.33%) DevOps
3 1 (33.33%) Investment Management
3 1 (33.33%) Quantitative Trading
3 1 (33.33%) Software Engineering
Programming Languages
1 2 (66.67%) Java
2 1 (33.33%) C#
2 1 (33.33%) C++
2 1 (33.33%) Python