The table below looks at the prevalence of the term Credit Derivative in IT contracts advertised for the City of London region. Included is a guide to the average contractor rates offered in IT contracts that have cited Credit Derivative over the 3 months to 14 February 2016 with a comparison to the same period in the previous 2 years.

Note that daily contractor rates and hourly contractor rates are treated separately. When calculating average contractor rates, daily rates are not derived from quoted hourly rates or vice versa.

Location
3 months to
14 Feb 2016
Same period 2015 Same period 2014
Credit Derivatives
Rank 139 184 170
Rank change year-on-year
+45 -14
Contract jobs citing Credit Derivative 9 11 36
As % of all contract IT jobs located in the City of London 0.29% 0.22% 0.62%
As % of the Miscellaneous category 0.72% 0.56% 1.58%
Number of daily rates quoted 8 9 32
Average daily rate £525 £610 £600
Average daily rate % change year-on-year
-13.93% +1.66%
90% offered a daily rate of more than £513 £548 £475
10% offered a daily rate of more than £608 £650 £625
UK excluding London average daily rate - £505 -
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
Credit Derivative
London

The following table is for comparison with the above and provides statistics for the entire Miscellaneous category in contract jobs advertised in the City of London region.

Miscellaneous Category
City of London
Contract IT job ads with a match in the
Miscellaneous category
1253 1965 2277
As % of all contract IT jobs located in the City of London 39.88% 38.70% 39.04%
Number of daily rates quoted 963 1544 1645
Average daily rate £500 £450 £500
Average daily rate % change year-on-year
+11.11% -10.00%
90% offered a daily rate of more than £300 £300 £275
10% offered a daily rate of more than £675 £625 £650
UK excluding London average daily rate £375 £375 £350
% change year-on-year
- +7.14%
Number of hourly rates quoted 29 30 39
Average hourly rate £19.99 £17.87 £22.44
Average hourly rate % change year-on-year
+11.89% -20.37%
90% offered a hourly rate of more than £12.00 £13.25 £16.05
10% offered a hourly rate of more than £35.60 £27.37 £42.50
UK excluding London average hourly rate £24.00 £17.50 £17.50
% change year-on-year
+37.14% -

Credit Derivative
Jobs Demand Trend in the City of London

This chart provides a 3-month moving total of IT contractor jobs citing Credit Derivative across the City of London region as a proportion of the total demand within the Miscellaneous category.

Credit Derivative Jobs Demand Trend in the City of London

Credit Derivative
Daily Rate Trend in the City of London

This chart provides the 3-month moving average for daily rates quoted in IT contract jobs citing Credit Derivative across the City of London region.

Credit Derivative Daily Rate Trend in the City of London

Credit Derivative
Daily Rate Histogram in the City of London

This chart provides a histogram of daily rates quoted in contract IT jobs citing Credit Derivative across the City of London region over the 3 months to 14 February 2016.

Credit Derivative Daily Rate Histogram in the City of London

Credit Derivative
Hourly Rate Trend in the City of London

This chart provides the 3-month moving average for hourly rates quoted in IT contractor jobs citing Credit Derivative across the City of London region.

Credit Derivative Hourly Rate Trend in the City of London

Credit Derivative
Top 30 Related IT Skills in the City of London

For the 6 months to 14 February 2016, IT contractor jobs across the City of London region citing Credit Derivative also mentioned the following IT skills in order of popularity. The figures indicate the number of jobs and their proportion against the total number of contract IT job ads sampled that cited Credit Derivative.

1 17 (100.00%) Derivative
2 12 (70.59%) Finance
3 11 (64.71%) Banking
4 8 (47.06%) Investment Banking
5 6 (35.29%) Front Office
5 6 (35.29%) Fixed Income
5 6 (35.29%) Python
6 5 (29.41%) C++
6 5 (29.41%) SQL
6 5 (29.41%) Risk Management
6 5 (29.41%) Business Analysis
6 5 (29.41%) Credit Risk
7 4 (23.53%) Mathematics
7 4 (23.53%) Computer Science
7 4 (23.53%) User Acceptance Testing
7 4 (23.53%) Stress Testing
7 4 (23.53%) Degree
7 4 (23.53%) Software Engineering
7 4 (23.53%) XML
7 4 (23.53%) Foreign Exchange (FX)
7 4 (23.53%) Market Risk
7 4 (23.53%) Analytics
8 3 (17.65%) OO
8 3 (17.65%) SunGard
8 3 (17.65%) Oracle
8 3 (17.65%) SQL Server
8 3 (17.65%) C#
8 3 (17.65%) Equities
8 3 (17.65%) SunGard GMI
8 3 (17.65%) Use Case

Credit Derivative
Top Related IT Skills in the City of London by Category

For the 6 months to 14 February 2016, IT contractor jobs across the City of London region citing Credit Derivative also mentioned the following IT skills grouped by category. The figures indicate the number of jobs and their proportion against the total number of contract IT job ads sampled that cited Credit Derivative. Up to 20 skills are shown per category.

Applications
1 2 (11.76%) MS Visio
Business Applications
1 3 (17.65%) SunGard GMI
2 2 (11.76%) Rolfe and Nolan
Database & Business Intelligence
1 3 (17.65%) SQL Server
2 2 (11.76%) Relational Database
General
1 12 (70.59%) Finance
2 11 (64.71%) Banking
3 8 (47.06%) Investment Banking
4 6 (35.29%) Front Office
Job Titles
1 8 (47.06%) Analyst
1 8 (47.06%) Business Analyst
2 7 (41.18%) Developer
3 5 (29.41%) C++ Developer
4 4 (23.53%) C++ Quantitative Developer
4 4 (23.53%) Quantitative Developer
4 4 (23.53%) Risk Analyst
4 4 (23.53%) Risk Business Analyst
5 3 (17.65%) Front Office C++ Developer
5 3 (17.65%) Front Office Developer
6 2 (11.76%) Applications Support
6 2 (11.76%) Credit Risk Analyst
6 2 (11.76%) Investment Banking Business Analyst
6 2 (11.76%) IT Analyst
6 2 (11.76%) IT Risk Analyst
6 2 (11.76%) Junior Analyst
6 2 (11.76%) Junior Business Analyst
6 2 (11.76%) Junior Investment Banking Business Analyst
6 2 (11.76%) Market Risk Business Analyst
6 2 (11.76%) Senior Developer
Libraries, Frameworks & Software Standards
1 4 (23.53%) XML
2 1 (5.88%) AngularJS
2 1 (5.88%) Boost C++ Libraries
2 1 (5.88%) HTML
2 1 (5.88%) HTML5
2 1 (5.88%) Spring
2 1 (5.88%) Spring Integration
2 1 (5.88%) STL
2 1 (5.88%) WPF
Miscellaneous
1 17 (100.00%) Derivative
2 6 (35.29%) Fixed Income
3 5 (29.41%) Credit Risk
4 4 (23.53%) Computer Science
4 4 (23.53%) Foreign Exchange (FX)
4 4 (23.53%) Market Risk
4 4 (23.53%) Mathematics
5 3 (17.65%) Equities
6 2 (11.76%) Reference Data
Operating Systems
1 1 (5.88%) Linux
1 1 (5.88%) Windows
Processes & Methodologies
1 5 (29.41%) Business Analysis
1 5 (29.41%) Risk Management
2 4 (23.53%) Analytics
2 4 (23.53%) Software Engineering
2 4 (23.53%) Stress Testing
2 4 (23.53%) User Acceptance Testing
3 3 (17.65%) OO
3 3 (17.65%) Use Case
4 2 (11.76%) Change Management
4 2 (11.76%) Integration Testing
4 2 (11.76%) Project Management
4 2 (11.76%) SDLC
5 1 (5.88%) Agile Software Development
5 1 (5.88%) Data Migration
5 1 (5.88%) Garbage Collection
5 1 (5.88%) Greeks
5 1 (5.88%) Investment Management
5 1 (5.88%) Migration
5 1 (5.88%) Multithreading
5 1 (5.88%) TDD
Programming Languages
1 6 (35.29%) Python
2 5 (29.41%) C++
2 5 (29.41%) SQL
3 3 (17.65%) C#
4 2 (11.76%) C
5 1 (5.88%) Java
Qualifications
1 4 (23.53%) Degree
Vendors
1 3 (17.65%) Oracle
1 3 (17.65%) SunGard
2 2 (11.76%) Sybase
3 1 (5.88%) Bloomberg
3 1 (5.88%) FactSet
City of London
Huxley
Rate: £550 - £650 per day + competitive
Posted: 12 days ago
City of London
Hays London City Cheapside
Rate: £450.00 - £520.00 per day
Posted: 26 days ago