The first table below looks at the demand for Greeks skills 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 Greeks over the 3 months to 17 June 2013 with a comparison to the same period in the previous 2 years. The second table is for comparison and provides aggregates for all of the Processes & Methodologies category for the City of London region.

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
17 Jun 2013
Same period 2012 Same period 2011
Greeks
Rank 192 196 192
Rank change year-on-year
+4 -4
Contract jobs citing Greeks 15 24 54
As % of all contract IT jobs located in the City of London 0.218% 0.311% 0.547%
As % of the Processes & Methodologies category 0.295% 0.431% 0.768%
Number of daily rates quoted 13 21 48
Average daily rate £550 £550 £600
Average daily rate % change year-on-year
- -8.33%
90% offered a daily rate of more than £460 £375 £493
10% offered a daily rate of more than £690 £763 £708
UK excluding London average daily rate £600 - £350
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
All Processes & Methodologies
City of London
Contract IT job ads with a match in the
Processes & Methodologies category
5093 5568 7035
As % of all contract IT jobs located in the City of London 73.95% 72.09% 71.28%
Number of daily rates quoted 3856 4081 5184
Average daily rate £450 £475 £500
Average daily rate % change year-on-year
-5.26% -5.00%
90% offered a daily rate of more than £310 £300 £325
10% offered a daily rate of more than £600 £625 £650
UK excluding London average daily rate £370 £365 £375
% change year-on-year
+1.36% -2.66%
Number of hourly rates quoted 94 86 119
Average hourly rate £30.50 £25.00 £25.50
Average hourly rate % change year-on-year
+22.00% -1.96%
90% offered a hourly rate of more than £15.80 £16.50 £14.68
10% offered a hourly rate of more than £123.00 £47.50 £55.00
UK excluding London average hourly rate £31.00 £25.00 £29.00
% change year-on-year
+24.00% -13.79%
Greeks
London

Greeks
Jobs Demand Trend

This chart provides a 3-month moving total of IT contractor jobs citing Greeks across the City of London region as a proportion of the total demand within the Processes & Methodologies category.

City of London Greeks Jobs Demand Trend

Greeks
Daily Rate Trend

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

City of London Greeks Daily Rate Trend

Greeks
Daily Rate Histogram

This chart provides a histogram of daily rates quoted in contract IT jobs citing Greeks across the City of London region over the 3 months to 17 June 2013.

City of London Greeks Daily Rate Histogram

Greeks
Hourly Rate Trend

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

City of London Greeks Hourly Rate Trend

Greeks
Top 30 Related IT Skills

For the 6 months to 17 June 2013, IT contractor jobs across the City of London region citing Greeks 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 Greeks.

1 18 (58.06%) SQL
2 16 (51.61%) Front Office
3 15 (48.39%) C#
4 14 (45.16%) Java
4 14 (45.16%) Banking
4 14 (45.16%) Market Risk
5 11 (35.48%) Investment Banking
6 10 (32.26%) Derivative
6 10 (32.26%) Risk Management
6 10 (32.26%) VBA
7 8 (25.81%) Foreign Exchange (FX)
7 8 (25.81%) Oracle
8 7 (22.58%) SQL Server
8 7 (22.58%) .NET
8 7 (22.58%) Finance
9 6 (19.35%) Grid Computing
9 6 (19.35%) WPF
9 6 (19.35%) Monte Carlo Method
10 5 (16.13%) Credit Risk
10 5 (16.13%) Multithreading
10 5 (16.13%) WCF
10 5 (16.13%) Data Analysis
10 5 (16.13%) Python
10 5 (16.13%) ClearCase
11 4 (12.90%) OO
11 4 (12.90%) XML
11 4 (12.90%) Jython
11 4 (12.90%) SQL Server 2008
12 3 (9.677%) Stress Testing
12 3 (9.677%) SQL Server 2005

Greeks
Top Related IT Skills by Category

For the 6 months to 17 June 2013, IT contractor jobs across the City of London region citing Greeks 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 Greeks. Up to 20 skills are shown per category.

Application Development
1 7 (22.58%) .NET
2 6 (19.35%) WPF
3 5 (16.13%) WCF
4 4 (12.90%) XML
5 2 (6.452%) JMS
5 2 (6.452%) J2EE
5 2 (6.452%) LINQ
5 2 (6.452%) Reactive Extensions
6 1 (3.226%) Servlets
6 1 (3.226%) WinForms
Application Platforms
1 2 (6.452%) Oracle Coherence
Applications
1 2 (6.452%) MS Excel
Communications & Networking
1 1 (3.226%) HTTP
Database & Business Intelligence
1 7 (22.58%) SQL Server
2 4 (12.90%) SQL Server 2008
3 3 (9.677%) SQL Server 2005
4 2 (6.452%) SQL Server 2012
4 2 (6.452%) MS Access
4 2 (6.452%) Data Mining
Development Applications
1 5 (16.13%) ClearCase
2 3 (9.677%) Eclipse
2 3 (9.677%) Ant
3 2 (6.452%) Hudson
3 2 (6.452%) Maven
4 1 (3.226%) JIRA
4 1 (3.226%) Rhino Mocks
4 1 (3.226%) QuickTest Pro
General
1 16 (51.61%) Front Office
2 14 (45.16%) Banking
3 11 (35.48%) Investment Banking
4 7 (22.58%) Finance
5 1 (3.226%) Corporate Banking
5 1 (3.226%) French Language
Job Titles
1 16 (51.61%) Developer
2 13 (41.94%) Analyst
3 10 (32.26%) Market Risk Analyst
4 9 (29.03%) Business Analyst
5 8 (25.81%) Java Developer
6 5 (16.13%) C# Developer
6 5 (16.13%) Risk Analyst
6 5 (16.13%) Market Analyst
6 5 (16.13%) Market Risk Business Analyst
7 4 (12.90%) Investment Banking Business Analyst
7 4 (12.90%) Project Manager
7 4 (12.90%) Senior Developer
8 3 (9.677%) Test Analyst
9 2 (6.452%) Tester
9 2 (6.452%) Murex Analyst
9 2 (6.452%) Risk Manager
9 2 (6.452%) Senior Java Developer
9 2 (6.452%) Business Project Manager
9 2 (6.452%) Business Manager
9 2 (6.452%) Murex Business Analyst
Miscellaneous
1 14 (45.16%) Market Risk
2 10 (32.26%) Derivative
3 8 (25.81%) Foreign Exchange (FX)
4 6 (19.35%) Grid Computing
5 5 (16.13%) Credit Risk
6 3 (9.677%) Fixed Income
7 2 (6.452%) Credit Derivative
7 2 (6.452%) Equity Derivative
7 2 (6.452%) Mathematics
8 1 (3.226%) Interest Rate Derivative
Operating Systems
1 2 (6.452%) Windows
2 1 (3.226%) Linux
2 1 (3.226%) UNIX
Processes & Methodologies
1 10 (32.26%) Risk Management
2 6 (19.35%) Monte Carlo Method
3 5 (16.13%) Multithreading
3 5 (16.13%) Data Analysis
4 4 (12.90%) OO
5 3 (9.677%) Stress Testing
6 2 (6.452%) Test Scripting
6 2 (6.452%) User Acceptance Testing
6 2 (6.452%) Business Analysis
6 2 (6.452%) Use Case
6 2 (6.452%) OOD
6 2 (6.452%) Validation
6 2 (6.452%) Scrum
6 2 (6.452%) Agile Software Development
6 2 (6.452%) TDD
6 2 (6.452%) Asset Management
6 2 (6.452%) BDD
6 2 (6.452%) Analytics
7 1 (3.226%) Root Cause Analysis
7 1 (3.226%) Manual Testing
Programming Languages
1 18 (58.06%) SQL
2 15 (48.39%) C#
3 14 (45.16%) Java
4 10 (32.26%) VBA
5 5 (16.13%) Python
6 4 (12.90%) Jython
7 3 (9.677%) Perl
8 2 (6.452%) C++
9 1 (3.226%) XAML
Qualifications
1 2 (6.452%) Degree
2 1 (3.226%) ISEB
2 1 (3.226%) ISTQB
Quality Assurance & Compliance
1 1 (3.226%) Basel II
1 1 (3.226%) QA
1 1 (3.226%) Basel III
Systems Management
1 1 (3.226%) HP Quality Center
Vendors
1 8 (25.81%) Oracle
2 3 (9.677%) Sybase
2 3 (9.677%) Murex
3 1 (3.226%) HP
3 1 (3.226%) DataSynapse
3 1 (3.226%) Syncfusion
City, London
Relevant Experience/Qualifications: Object oriented programming experience essential is essential (OOP - particular knowledge of Java or C# would be ideal. Relevant experience within the Risk arena (VaR, greeks,...
ComputAppoint
Rate: £500 - £600 per day
Posted: 13 June 2013
City, London
Business Analyst, RAD Developer, SQL, VaR, Greeks, Front Office Risk... It requires a strong background in a front office risk environment (VaR and greeks etc.) as well as...
Thomson Keene Associates
Rate: £500 - £600 per day
Posted: 12 June 2013
City, London
They are developing with Using C# 4.0, DataSynapse and Coherence to create a scalable Risk and Mark-to-market system for their Interest Rate Derivatives and FX...
Aston Carter
Rate: £550 - £650 per day
Posted: 12 June 2013
City of London
I am looking for an experienced Market Risk Test Analyst to join a top bank within London... Basis understanding of market risk concepts - VaR (Standard , Stress) and greeks.....
Real Staffing
Rate: £500 - £600 per day
Posted: 4 June 2013
City of London
Our client, a leading Investment Bank, currently seeks a Structured Middle Office Manager, to be based in LondonThe Structured Middle Office Manager will be responsible for:-Front-line...
Huxley Associates
Rate: £500 - £550 per day
Posted: 17 June 2013