Backtesting Contracts in England

Backtesting
UK > England

The following table provides summary statistics for contract job vacancies advertised in England with a requirement for Backtesting skills. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Backtesting over the 6 months to 2 May 2024 with a comparison to the same period in the previous 2 years.

6 months to
2 May 2024
Same period 2023 Same period 2022
Rank 507 621 754
Rank change year-on-year +114 +133 -143
Contract jobs citing Backtesting 29 33 28
As % of all contract jobs advertised in England 0.078% 0.066% 0.039%
As % of the Processes & Methodologies category 0.090% 0.073% 0.043%
Number of daily rates quoted 19 17 22
10th Percentile £235 £608 £575
25th Percentile £588 £650 £600
Median daily rate (50th Percentile) £850 £800 £788
Median % change year-on-year +6.25% +1.59% +12.50%
75th Percentile £1,040 £825 £834
90th Percentile £1,120 £906 £850
UK median daily rate £850 £800 £763
% change year-on-year +6.25% +4.92% +8.93%

All Process and Methodology Skills
England

Backtesting is in the Processes and Methodologies category. The following table is for comparison with the above and provides summary statistics for all contract job vacancies advertised in England with a requirement for process or methodology skills.

Contract vacancies with a requirement for process or methodology skills 32,110 45,282 64,556
As % of all contract IT jobs advertised in England 86.56% 90.21% 90.82%
Number of daily rates quoted 21,055 31,791 45,856
10th Percentile £300 £325 £331
25th Percentile £413 £444 £425
Median daily rate (50th Percentile) £525 £550 £538
Median % change year-on-year -4.55% +2.33% +8.59%
75th Percentile £650 £675 £650
90th Percentile £750 £768 £750
UK median daily rate £525 £550 £528
% change year-on-year -4.55% +4.17% +8.31%
Number of hourly rates quoted 2,255 1,587 1,766
10th Percentile £12.95 £10.94 £12.50
25th Percentile £16.00 £16.25 £15.25
Median hourly rate £36.00 £37.34 £24.30
Median % change year-on-year -3.59% +53.69% +1.23%
75th Percentile £60.00 £65.00 £49.25
90th Percentile £72.50 £75.00 £63.68
UK median hourly rate £35.58 £36.00 £25.00
% change year-on-year -1.18% +44.00% -

Backtesting
Job Vacancy Trend in England

Job postings citing Backtesting as a proportion of all IT jobs advertised in England.

Job vacancy trend for Backtesting in England

Backtesting
Contractor Daily Rate Trend in England

3-month moving average daily rate quoted in jobs citing Backtesting in England.

Daily rate trend for Backtesting in England

Backtesting
Daily Rate Histogram in England

Daily rate distribution for jobs citing Backtesting in England over the 6 months to 2 May 2024.

Daily rate histogram for Backtesting in England

Backtesting
Contractor Hourly Rate Trend in England

3-month moving average hourly rates quoted in jobs citing Backtesting in England.

Hourly rate trend for Backtesting in England

Backtesting
Contract Job Locations in England

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Backtesting within the England region over the 6 months to 2 May 2024. The 'Rank Change' column provides an indication of the change in demand within each location based on the same 6 month period last year.

Location Rank Change
on Same Period
Last Year
Matching
Contract
IT Job Ads
Median
Daily Rate
Past 6 Months
Median Daily Rate
% Change
on Same Period
Last Year
Live
Jobs
London +104 29 £850 +6.25% 49
Backtesting
UK

Backtesting
Co-occurring Skills and Capabilities in England 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:

Application Platforms
1 1 (3.45%) Ethereum
1 1 (3.45%) Hyperledger
Business Applications
1 2 (6.90%) RMDS
Cloud Services
1 10 (34.48%) Azure
2 9 (31.03%) Azure DevOps
2 9 (31.03%) GitHub
3 7 (24.14%) AWS
4 2 (6.90%) Amazon S3
5 1 (3.45%) Azure Monitor
Database & Business Intelligence
1 9 (31.03%) NoSQL
2 2 (6.90%) Amazon Aurora
2 2 (6.90%) DynamoDB
3 1 (3.45%) KDB
3 1 (3.45%) Kdb+
3 1 (3.45%) MongoDB
3 1 (3.45%) PostgreSQL
3 1 (3.45%) Tick Data
Development Applications
1 1 (3.45%) Git
1 1 (3.45%) Jenkins
1 1 (3.45%) JIRA
General
1 18 (62.07%) Finance
2 14 (48.28%) Front Office
3 6 (20.69%) Analytical Skills
3 6 (20.69%) Social Skills
4 5 (17.24%) Banking
5 2 (6.90%) Corporate Banking
5 2 (6.90%) Investment Banking
5 2 (6.90%) Presentation Skills
5 2 (6.90%) Retail
5 2 (6.90%) Retail Banking
6 1 (3.45%) Inclusion and Diversity
Job Titles
1 18 (62.07%) Developer
2 9 (31.03%) Quantitative Developer
3 7 (24.14%) Senior
4 6 (20.69%) Senior Developer
5 5 (17.24%) Analyst
5 5 (17.24%) Python Developer
6 4 (13.79%) Senior Quantitative Developer
7 3 (10.34%) Consultant
7 3 (10.34%) Qualitative Analyst
7 3 (10.34%) Quantitative Analyst
7 3 (10.34%) Quantitative Consultant
7 3 (10.34%) Quantitative Risk Consultant
7 3 (10.34%) Risk Consultant
8 2 (6.90%) Energy Trading Developer
8 2 (6.90%) Java Developer
8 2 (6.90%) Pricing Analyst
8 2 (6.90%) Quantitative Risk Analyst
8 2 (6.90%) Risk Analyst
8 2 (6.90%) Senior Java Developer
8 2 (6.90%) Senior Python Developer
Libraries, Frameworks & Software Standards
1 11 (37.93%) Pandas
2 10 (34.48%) NumPy
2 10 (34.48%) SciPy
3 3 (10.34%) React
4 2 (6.90%) HTML
4 2 (6.90%) HTML5
5 1 (3.45%) .NET
5 1 (3.45%) ADO
5 1 (3.45%) AngularJS
5 1 (3.45%) jQuery
5 1 (3.45%) Node.js
5 1 (3.45%) Ruby on Rails
5 1 (3.45%) Smart Contracts
Miscellaneous
1 14 (48.28%) Derivative
2 7 (24.14%) Algorithms
2 7 (24.14%) Fixed Income
3 2 (6.90%) Data Structures
3 2 (6.90%) Equities
3 2 (6.90%) Equity Derivative
3 2 (6.90%) Hedge funds
3 2 (6.90%) Market Risk
3 2 (6.90%) Renewable Energy
3 2 (6.90%) Solar Panel
4 1 (3.45%) Blockchain
4 1 (3.45%) PKI
Operating Systems
1 1 (3.45%) Linux
Processes & Methodologies
1 13 (44.83%) Computer Science
2 12 (41.38%) CI/CD
2 12 (41.38%) Mathematics
2 12 (41.38%) Test Automation
3 11 (37.93%) DevOps
4 9 (31.03%) Data Pipeline
4 9 (31.03%) Product Requirements
5 8 (27.59%) Applied Mathematics
5 8 (27.59%) Financial Modelling
5 8 (27.59%) Software Engineering
6 7 (24.14%) Architectural Patterns
6 7 (24.14%) Mathematical Modelling
7 6 (20.69%) Low Latency
8 5 (17.24%) Performance Optimisation
8 5 (17.24%) Probabilistic Modelling
9 4 (13.79%) Algorithmic Trading
10 3 (10.34%) Analytics
10 3 (10.34%) Electronic Trading
10 3 (10.34%) Quantitative Finance
11 2 (6.90%) High Availability
Programming Languages
1 19 (65.52%) Python
2 15 (51.72%) C++
2 15 (51.72%) Java
3 14 (48.28%) SQL
4 9 (31.03%) Rust
5 5 (17.24%) C#
5 5 (17.24%) R
6 3 (10.34%) PHP
7 2 (6.90%) Scala
8 1 (3.45%) Bash
8 1 (3.45%) Perl
8 1 (3.45%) Ruby
8 1 (3.45%) Solidity
Qualifications
1 13 (44.83%) Degree
2 3 (10.34%) Computer Science Degree
2 3 (10.34%) Master's Degree
2 3 (10.34%) Numerate Degree
2 3 (10.34%) PhD
Vendors
1 2 (6.90%) ION Trading
1 2 (6.90%) Solace