The table below looks at the statistics for PhD 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 PhD over the 3 months to 28 May 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.

3 months to
28 May 2016
Same period 2015 Same period 2014
PhD
Rank 151 199 189
Rank change year-on-year
+48 -10
Contract jobs citing PhD 13 3 19
As % of all contract IT jobs located in the City of London 0.38% 0.054% 0.32%
As % of the Qualifications category 2.40% 0.37% 1.73%
Number of daily rates quoted 10 3 18
Median daily rate £725 £650 £650
Median daily rate % change year-on-year
+11.53% -
UK excluding London median daily rate £425 £500 £475
% change year-on-year
-15.00% +5.26%
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median hourly rate - £37.50 £37.50
PhD
London

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

Qualifications Category
City of London
Contract IT job ads with a match in the
Qualifications category
542 811 1099
As % of all contract IT jobs located in the City of London 16.02% 14.64% 18.39%
Number of daily rates quoted 391 620 805
Median daily rate £450 £435 £418
Median daily rate % change year-on-year
+3.44% +4.19%
90% offered a daily rate of more than £295 £225 £262
10% offered a daily rate of more than £625 £575 £575
UK excluding London median daily rate £380 £375 £350
% change year-on-year
+1.20% +7.14%
Number of hourly rates quoted 8 15 18
Median hourly rate £21.78 £20.88 £22.00
Median hourly rate % change year-on-year
+4.33% -5.11%
90% offered a hourly rate of more than £16.75 £16.16 £13.96
10% offered a hourly rate of more than £89.00 £34.00 £37.40
UK excluding London median hourly rate £35.00 £22.50 £18.00
% change year-on-year
+55.55% +25.00%

PhD
Jobs Demand Trend in the City of London

The demand trend of contract jobs across the City of London region citing PhD as a proportion of all IT contracts with a match in the Qualifications category.

PhD Jobs Demand Trend in the City of London

PhD
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 PhD across the City of London region.

PhD Daily Rate Trend in the City of London

PhD
Daily Rate Histogram in the City of London

This chart provides a histogram of daily rates quoted in contract IT jobs citing PhD across the City of London region over the 3 months to 28 May 2016.

PhD Daily Rate Histogram in the City of London

PhD
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 PhD across the City of London region.

PhD Hourly Rate Trend in the City of London

PhD
Top 30 Related IT Skills in the City of London

For the 6 months to 28 May 2016, IT contractor jobs citing PhD also mentioned the following skills in order of popularity. The figures indicate the number co-occurrences and its proportion to all contract ads across the City of London region with a requirement for PhD.

1 22 (78.57%) C++
2 20 (71.43%) Algorithms
3 19 (67.86%) Front Office
3 19 (67.86%) Java
4 18 (64.29%) Linux
5 17 (60.71%) Foreign Exchange (FX)
5 17 (60.71%) Low Latency
5 17 (60.71%) Multithreading
6 16 (57.14%) Degree
7 15 (53.57%) Algorithmic Trading
7 15 (53.57%) Market Making
7 15 (53.57%) FX Algorithmic Trading
7 15 (53.57%) Analytical Skills
7 15 (53.57%) Data Structures
8 7 (25.00%) KDB
8 7 (25.00%) Finance
9 6 (21.43%) Python
9 6 (21.43%) Mathematics
10 4 (14.29%) Agile Software Development
10 4 (14.29%) Software Engineering
11 3 (10.71%) Validation
11 3 (10.71%) SQL
11 3 (10.71%) Statistics
11 3 (10.71%) Machine Learning
11 3 (10.71%) Physics
11 3 (10.71%) Computer Science
12 2 (7.14%) Refactoring
12 2 (7.14%) FIX Protocol
12 2 (7.14%) Equities
12 2 (7.14%) Credit Risk

PhD
Top Related IT Skills in the City of London by Category

The follow tables expand on the table above by listing co-occurrences grouped by category. The same job type, locality and period is covered with up to 20 co-occurrences shown in each of the following categories:

Application Platforms
1 1 (3.57%) SAS
Applications
1 1 (3.57%) Stata
Communications & Networking
1 1 (3.57%) Network Security
Database & Business Intelligence
1 7 (25.00%) KDB
2 2 (7.14%) Relational Database
Development Applications
1 1 (3.57%) Git (software)
General
1 19 (67.86%) Front Office
2 7 (25.00%) Finance
3 1 (3.57%) Pharmaceutical
Job Titles
1 21 (75.00%) Developer
2 4 (14.29%) C++ Developer
2 4 (14.29%) C++ Quantitative Developer
2 4 (14.29%) Quantitative Developer
3 3 (10.71%) Analyst
3 3 (10.71%) Qualitative Analyst
3 3 (10.71%) Quantitative Analyst
4 2 (7.14%) Front Office Developer
4 2 (7.14%) Java Developer
4 2 (7.14%) Low Latency Java Developer
4 2 (7.14%) Senior Developer
4 2 (7.14%) Senior Java Developer
4 2 (7.14%) Software Engineer
5 1 (3.57%) Data Scientist
Libraries, Frameworks & Software Standards
1 2 (7.14%) FIX Protocol
1 2 (7.14%) HTML
Miscellaneous
1 20 (71.43%) Algorithms
2 17 (60.71%) Foreign Exchange (FX)
3 15 (53.57%) Analytical Skills
3 15 (53.57%) Data Structures
4 6 (21.43%) Mathematics
5 3 (10.71%) Computer Science
5 3 (10.71%) Physics
5 3 (10.71%) Statistics
6 2 (7.14%) Credit Risk
6 2 (7.14%) Derivative
6 2 (7.14%) Equities
6 2 (7.14%) Fixed Income
6 2 (7.14%) Interest Rate Derivative
7 1 (3.57%) Applied Mathematics
Operating Systems
1 18 (64.29%) Linux
2 2 (7.14%) Windows
Processes & Methodologies
1 17 (60.71%) Low Latency
1 17 (60.71%) Multithreading
2 15 (53.57%) Algorithmic Trading
2 15 (53.57%) FX Algorithmic Trading
2 15 (53.57%) Market Making
3 4 (14.29%) Agile Software Development
3 4 (14.29%) Software Engineering
4 3 (10.71%) Machine Learning
4 3 (10.71%) Validation
5 2 (7.14%) Continuous Integration
5 2 (7.14%) Electronic Trading
5 2 (7.14%) OO
5 2 (7.14%) OOP
5 2 (7.14%) Refactoring
5 2 (7.14%) Time Series Analysis
5 2 (7.14%) Unit Testing
Programming Languages
1 22 (78.57%) C++
2 19 (67.86%) Java
3 6 (21.43%) Python
4 3 (10.71%) SQL
5 2 (7.14%) C#
5 2 (7.14%) JavaScript
5 2 (7.14%) VBA
6 1 (3.57%) R
6 1 (3.57%) Shell Script
Qualifications
1 16 (57.14%) Degree
Vendors
1 2 (7.14%) Oracle