The table below looks at the prevalence of the term Interest Rate 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 Interest Rate Derivative over the 3 months to 2 March 2015 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
2 Mar 2015
Same period 2014 Same period 2013
Interest Rate Derivatives
Rank 184 177 184
Rank change year-on-year
-7 +7
Contract jobs citing Interest Rate Derivative 7 21 11
As % of all contract IT jobs located in the City of London 0.14% 0.36% 0.19%
As % of the Miscellaneous category 0.36% 0.93% 0.51%
Number of daily rates quoted 6 17 11
Average daily rate
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of your Daily Rate
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£463 £600 £575
Average daily rate % change year-on-year
-22.91% +4.34%
90% offered a daily rate of more than £425 £475 £425
10% offered a daily rate of more than £613 £700 £625
UK excluding London average daily rate - £450 -
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
Interest Rate 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
1948 2257 2157
As % of all contract IT jobs located in the City of London 37.95% 38.28% 37.71%
Number of daily rates quoted 1507 1622 1662
Average daily rate £465 £500 £475
Average daily rate % change year-on-year
-7.00% +5.26%
90% offered a daily rate of more than £300 £275 £300
10% offered a daily rate of more than £625 £650 £625
UK excluding London average daily rate £375 £350 £335
% change year-on-year
+7.14% +4.47%
Number of hourly rates quoted 29 44 49
Average hourly rate £17.87 £22.50 £21.13
Average hourly rate % change year-on-year
-20.60% +6.50%
90% offered a hourly rate of more than £13.25 £16.00 £13.80
10% offered a hourly rate of more than £23.50 £42.50 £135.00
UK excluding London average hourly rate £18.50 £18.32 £20.00
% change year-on-year
+0.98% -8.40%

Interest Rate Derivative
Jobs Demand Trend in the City of London

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

Interest Rate Derivative Jobs Demand Trend in the City of London

Interest Rate 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 Interest Rate Derivative across the City of London region.

Interest Rate Derivative Daily Rate Trend in the City of London

Interest Rate Derivative
Daily Rate Histogram in the City of London

This chart provides a histogram of daily rates quoted in contract IT jobs citing Interest Rate Derivative across the City of London region over the 3 months to 2 March 2015.

Interest Rate Derivative Daily Rate Histogram in the City of London

Interest Rate 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 Interest Rate Derivative across the City of London region.

Interest Rate Derivative Hourly Rate Trend in the City of London

Interest Rate Derivative
Top 30 Related IT Skills in the City of London

For the 6 months to 2 March 2015, IT contractor jobs across the City of London region citing Interest Rate 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 Interest Rate Derivative.

1 16 (76.19%) Derivative
2 11 (52.38%) Banking
3 10 (47.62%) Investment Banking
4 9 (42.86%) SQL
5 8 (38.10%) C#
5 8 (38.10%) Fixed Income
6 7 (33.33%) Software Testing
7 6 (28.57%) Foreign Exchange (FX)
7 6 (28.57%) VBA
7 6 (28.57%) SQL Server
8 5 (23.81%) .NET
8 5 (23.81%) T-SQL
8 5 (23.81%) Murex
8 5 (23.81%) Calypso
8 5 (23.81%) HP
8 5 (23.81%) ISEB
8 5 (23.81%) MS Excel
8 5 (23.81%) SQL Server 2005
8 5 (23.81%) Credit Derivative
8 5 (23.81%) ISEB Practitioner
8 5 (23.81%) JIRA
8 5 (23.81%) Test Management
8 5 (23.81%) SQL Server 2008
8 5 (23.81%) HP Quality Center
9 4 (19.05%) Analytics
9 4 (19.05%) Degree
9 4 (19.05%) Agile Software Development
9 4 (19.05%) Finance
9 4 (19.05%) Business Analysis
9 4 (19.05%) XML

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

For the 6 months to 2 March 2015, IT contractor jobs across the City of London region citing Interest Rate 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 Interest Rate Derivative. Up to 20 skills are shown per category.

Applications
1 5 (23.81%) MS Excel
Database & Business Intelligence
1 6 (28.57%) SQL Server
2 5 (23.81%) SQL Server 2005
2 5 (23.81%) SQL Server 2008
3 3 (14.29%) MS Access
4 1 (4.76%) SQL Server Reporting Services
4 1 (4.76%) SQL Server Integration Services
Development Applications
1 5 (23.81%) JIRA
General
1 11 (52.38%) Banking
2 10 (47.62%) Investment Banking
3 4 (19.05%) Finance
4 3 (14.29%) Front Office
5 1 (4.76%) Back Office
Job Titles
1 7 (33.33%) Developer
2 5 (23.81%) Test Manager
2 5 (23.81%) Contracts Manager
3 4 (19.05%) C# Developer
4 3 (14.29%) Analyst
4 3 (14.29%) Data Architect
4 3 (14.29%) Architect
4 3 (14.29%) Business Analyst
4 3 (14.29%) IT Business Analyst
5 2 (9.52%) Data Modeller
5 2 (9.52%) C++ Developer
6 1 (4.76%) Coordinator
6 1 (4.76%) Database Developer
6 1 (4.76%) IT Project Manager
6 1 (4.76%) SQL Developer
6 1 (4.76%) Quantitative Developer
6 1 (4.76%) Tester
6 1 (4.76%) Project Manager
6 1 (4.76%) Senior Developer
6 1 (4.76%) Software Tester
Libraries, Frameworks & Software Standards
1 5 (23.81%) .NET
2 4 (19.05%) XML
3 2 (9.52%) WPF
4 1 (4.76%) Boost C++ Libraries
4 1 (4.76%) FpML
4 1 (4.76%) STL
Miscellaneous
1 16 (76.19%) Derivative
2 8 (38.10%) Fixed Income
3 6 (28.57%) Foreign Exchange (FX)
4 5 (23.81%) Credit Derivative
5 3 (14.29%) Equity Derivative
6 2 (9.52%) Analytical Skills
7 1 (4.76%) DTCC
7 1 (4.76%) Swaptions
7 1 (4.76%) Grid Computing
Processes & Methodologies
1 7 (33.33%) Software Testing
2 5 (23.81%) Test Management
3 4 (19.05%) Business Analysis
3 4 (19.05%) Agile Software Development
3 4 (19.05%) Analytics
4 3 (14.29%) Risk Management
4 3 (14.29%) UML
4 3 (14.29%) Technical Architecture
5 2 (9.52%) Data Management
5 2 (9.52%) Data Analysis
5 2 (9.52%) Data Modelling
5 2 (9.52%) Logical Data Model
5 2 (9.52%) Physical Data Model
5 2 (9.52%) Data Governance
5 2 (9.52%) Demand Management
5 2 (9.52%) Time Management
5 2 (9.52%) Data Architecture
6 1 (4.76%) Greeks
6 1 (4.76%) Stakeholder Engagement
6 1 (4.76%) Project Management
Programming Languages
1 9 (42.86%) SQL
2 8 (38.10%) C#
3 6 (28.57%) VBA
4 5 (23.81%) T-SQL
5 2 (9.52%) C++
Qualifications
1 5 (23.81%) ISEB
1 5 (23.81%) ISEB Practitioner
2 4 (19.05%) Degree
Quality Assurance & Compliance
1 1 (4.76%) EMIR
Systems Management
1 5 (23.81%) HP Quality Center
Vendors
1 5 (23.81%) Murex
1 5 (23.81%) Calypso
1 5 (23.81%) HP
2 1 (4.76%) TIBCO
2 1 (4.76%) DataSynapse
2 1 (4.76%) Oracle
City, London
TEKsystems
Rate: £550 - £650 per day
Posted: 5 days ago
City, London
TEKsystems
Rate: £550 - £650 per day
Posted: 5 days ago