Derivative Contracts in the City of London

Derivatives
Central London > City of London

The table below looks at the prevalence of the term Derivative in contract job vacancies advertised in the City of London. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Derivative over the 6 months to 25 April 2024 with a comparison to the same period over the previous 2 years.

6 months to
25 Apr 2024
Same period 2023 Same period 2022
Rank 109 80 121
Rank change year-on-year -29 +41 -46
Contract jobs citing Derivative 20 105 73
As % of all contract jobs advertised in the City of London 0.90% 2.88% 1.73%
As % of the Miscellaneous category 2.91% 8.00% 4.84%
Number of daily rates quoted 13 81 47
10th Percentile £465 £613 £535
25th Percentile £604 £650 £587
Median daily rate (50th Percentile) £680 £750 £700
Median % change year-on-year -9.33% +7.14% +14.29%
75th Percentile £700 £850 £750
90th Percentile £857 £1,063 £825
Central London median daily rate £680 £750 £700
% change year-on-year -9.33% +7.14% +15.46%

All Generic Skills
City of London

Derivative is in the General and Transferable Skills 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 generic IT skills.

Contract vacancies with a requirement for generic IT skills 687 1,313 1,509
As % of all contract IT jobs advertised in the City of London 30.92% 36.01% 35.72%
Number of daily rates quoted 469 885 1,108
10th Percentile £275 £346 £406
25th Percentile £425 £499 £500
Median daily rate (50th Percentile) £575 £625 £575
Median % change year-on-year -8.00% +8.70% +4.55%
75th Percentile £700 £750 £700
90th Percentile £840 £850 £800
Central London median daily rate £575 £600 £575
% change year-on-year -4.17% +4.35% +4.55%
Number of hourly rates quoted 9 14 24
10th Percentile £12.75 £17.69 £20.53
25th Percentile £16.00 £35.00 £38.75
Median hourly rate £23.00 £52.00 £48.00
Median % change year-on-year -55.77% +8.33% +167.04%
75th Percentile £27.50 £87.16 £61.75
90th Percentile £54.95 £88.30 £64.78
Central London median hourly rate £23.00 £35.00 £48.00
% change year-on-year -34.29% -27.08% +140.00%

Derivative
Job Vacancy Trend in the City of London

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

Job vacancy trend for Derivative in the City of London

Derivative
Contractor Daily Rate Trend in the City of London

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

Daily rate trend for Derivative in the City of London

Derivative
Daily Rate Histogram in the City of London

Daily rate distribution for jobs citing Derivative in the City of London over the 6 months to 25 April 2024.

Daily rate histogram for Derivative in the City of London

Derivative
Contractor Hourly Rate Trend in the City of London

3-month moving average hourly rates quoted in jobs citing Derivative in the City of London.

Hourly rate trend for Derivative in the City of London

Derivative
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:

Applications
1 4 (20.00%) Microsoft Excel
1 4 (20.00%) Microsoft PowerPoint
1 4 (20.00%) Microsoft Project
1 4 (20.00%) MS Visio
Business Applications
1 1 (5.00%) ION MarketView
Cloud Services
1 5 (25.00%) AWS
2 4 (20.00%) Azure
2 4 (20.00%) Collibra
3 2 (10.00%) Azure DevOps
3 2 (10.00%) GitHub
Communications & Networking
1 1 (5.00%) FIX Connectivity
Database & Business Intelligence
1 4 (20.00%) Metadata
1 4 (20.00%) NoSQL
2 2 (10.00%) Data Mart
Development Applications
1 1 (5.00%) GitLab
1 1 (5.00%) Jenkins
1 1 (5.00%) JIRA
1 1 (5.00%) Octopus Deploy
1 1 (5.00%) Selenium
1 1 (5.00%) TeamCity
General
1 14 (70.00%) Finance
2 10 (50.00%) Banking
3 4 (20.00%) Investment Banking
3 4 (20.00%) Presentation Skills
4 3 (15.00%) Front Office
4 3 (15.00%) Social Skills
5 2 (10.00%) International Banking
6 1 (5.00%) Analytical Skills
6 1 (5.00%) Financial Institution
6 1 (5.00%) Retail
Job Titles
1 9 (45.00%) Analyst
2 8 (40.00%) Developer
3 4 (20.00%) Data Analyst
3 4 (20.00%) Governance Analyst
3 4 (20.00%) Operations Analyst
3 4 (20.00%) Quantitative Developer
4 3 (15.00%) Business Analyst
4 3 (15.00%) Python Developer
4 3 (15.00%) Senior
5 2 (10.00%) Market Analyst
5 2 (10.00%) Project Manager
5 2 (10.00%) Qualitative Analyst
5 2 (10.00%) Quantitative Analyst
5 2 (10.00%) Senior Developer
5 2 (10.00%) Senior Quantitative Developer
5 2 (10.00%) Software Developer
6 1 (5.00%) Business Manager
6 1 (5.00%) Business Project Manager
6 1 (5.00%) Java Developer
6 1 (5.00%) Product Manager
Libraries, Frameworks & Software Standards
1 5 (25.00%) NumPy
1 5 (25.00%) Pandas
2 3 (15.00%) FIX Protocol
2 3 (15.00%) SciPy
3 2 (10.00%) Matplotlib
4 1 (5.00%) .NET
Miscellaneous
1 6 (30.00%) Foreign Exchange (FX)
2 4 (20.00%) Equities
3 3 (15.00%) Fixed Income
4 2 (10.00%) Algorithms
4 2 (10.00%) Interest Rate Derivative
4 2 (10.00%) Product Ownership
5 1 (5.00%) OTC Derivatives
5 1 (5.00%) Spread Betting
Processes & Methodologies
1 5 (25.00%) CI/CD
1 5 (25.00%) Stakeholder Management
2 4 (20.00%) Data Governance
2 4 (20.00%) Data Governance Strategy
2 4 (20.00%) Data Management
2 4 (20.00%) Data Modelling
2 4 (20.00%) Data Pipeline
2 4 (20.00%) Mathematics
2 4 (20.00%) Performance Optimisation
2 4 (20.00%) Release Management
2 4 (20.00%) Stakeholder Engagement
3 3 (15.00%) Agile
3 3 (15.00%) Computer Science
3 3 (15.00%) Quantitative Research
3 3 (15.00%) Risk Management
3 3 (15.00%) Test Automation
4 2 (10.00%) Acceptance Criteria
4 2 (10.00%) Design Thinking
4 2 (10.00%) Epics
4 2 (10.00%) Problem-Solving
Programming Languages
1 7 (35.00%) Python
2 5 (25.00%) C++
2 5 (25.00%) Java
3 4 (20.00%) SQL
4 3 (15.00%) C#
4 3 (15.00%) Rust
Qualifications
1 3 (15.00%) Degree
2 2 (10.00%) Master's Degree
3 1 (5.00%) Computer Science Degree
Quality Assurance & Compliance
1 4 (20.00%) Data Quality
2 1 (5.00%) QA
Vendors
1 4 (20.00%) Microsoft
2 2 (10.00%) Murex
3 1 (5.00%) Bloomberg
3 1 (5.00%) ION Trading
3 1 (5.00%) MarketAxess
3 1 (5.00%) Tradeweb