Backtesting Contracts in London

Backtesting
England > London

The following table provides summary statistics for contract job vacancies advertised in London 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 1 May 2024 with a comparison to the same period in the previous 2 years.

6 months to
1 May 2024
Same period 2023 Same period 2022
Rank 368 464 580
Rank change year-on-year +96 +116 -140
Contract jobs citing Backtesting 28 32 28
As % of all contract jobs advertised in London 0.16% 0.12% 0.072%
As % of the Processes & Methodologies category 0.18% 0.13% 0.078%
Number of daily rates quoted 18 16 22
10th Percentile £235 £606 £575
25th Percentile £569 £650 £600
Median daily rate (50th Percentile) £850 £800 £788
Median % change year-on-year +6.25% +1.59% +12.50%
75th Percentile £1,017 £838 £834
90th Percentile £1,091 £906 £850
England median daily rate £850 £800 £788
% change year-on-year +6.25% +1.59% +12.50%

All Process and Methodology Skills
London

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 London with a requirement for process or methodology skills.

Contract vacancies with a requirement for process or methodology skills 15,773 24,560 35,901
As % of all contract IT jobs advertised in London 88.57% 91.07% 92.25%
Number of daily rates quoted 11,303 17,658 26,174
10th Percentile £338 £375 £390
25th Percentile £450 £475 £475
Median daily rate (50th Percentile) £550 £590 £575
Median % change year-on-year -6.78% +2.61% +9.52%
75th Percentile £675 £700 £688
90th Percentile £800 £800 £775
England median daily rate £525 £550 £538
% change year-on-year -4.55% +2.33% +8.59%
Number of hourly rates quoted 326 275 427
10th Percentile £16.00 £18.63 £17.25
25th Percentile £20.00 £22.57 £23.91
Median hourly rate £28.50 £39.00 £36.00
Median % change year-on-year -26.92% +8.33% +10.77%
75th Percentile £46.77 £63.22 £51.00
90th Percentile £65.88 £77.30 £67.75
England median hourly rate £35.96 £37.50 £24.50
% change year-on-year -4.12% +53.06% +2.08%

Backtesting
Job Vacancy Trend in London

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

Job vacancy trend for Backtesting in London

Backtesting
Contractor Daily Rate Trend in London

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

Daily rate trend for Backtesting in London

Backtesting
Daily Rate Histogram in London

Daily rate distribution for jobs citing Backtesting in London over the 6 months to 1 May 2024.

Daily rate histogram for Backtesting in London

Backtesting
Contractor Hourly Rate Trend in London

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

Hourly rate trend for Backtesting in London

Backtesting
Contract Job Locations in London

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Backtesting within the London region over the 6 months to 1 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
Central London +37 5 £971 +21.31%
Backtesting
England

Backtesting
Co-occurring Skills and Capabilities in 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:

Application Platforms
1 1 (3.57%) Ethereum
1 1 (3.57%) Hyperledger
Business Applications
1 1 (3.57%) RMDS
Cloud Services
1 10 (35.71%) Azure
2 9 (32.14%) Azure DevOps
2 9 (32.14%) GitHub
3 7 (25.00%) AWS
4 2 (7.14%) Amazon S3
5 1 (3.57%) Azure Monitor
Database & Business Intelligence
1 9 (32.14%) NoSQL
2 2 (7.14%) Amazon Aurora
2 2 (7.14%) DynamoDB
3 1 (3.57%) KDB
3 1 (3.57%) Kdb+
3 1 (3.57%) MongoDB
3 1 (3.57%) PostgreSQL
3 1 (3.57%) Tick Data
Development Applications
1 1 (3.57%) Git
1 1 (3.57%) Jenkins
1 1 (3.57%) JIRA
General
1 18 (64.29%) Finance
2 14 (50.00%) Front Office
3 6 (21.43%) Analytical Skills
3 6 (21.43%) Social Skills
4 5 (17.86%) Banking
5 2 (7.14%) Corporate Banking
5 2 (7.14%) Investment Banking
5 2 (7.14%) Presentation Skills
5 2 (7.14%) Retail
5 2 (7.14%) Retail Banking
6 1 (3.57%) Inclusion and Diversity
Job Titles
1 17 (60.71%) Developer
2 9 (32.14%) Quantitative Developer
3 6 (21.43%) Senior
4 5 (17.86%) Analyst
4 5 (17.86%) Python Developer
4 5 (17.86%) Senior Developer
5 4 (14.29%) Senior Quantitative Developer
6 3 (10.71%) Consultant
6 3 (10.71%) Qualitative Analyst
6 3 (10.71%) Quantitative Analyst
6 3 (10.71%) Quantitative Consultant
6 3 (10.71%) Quantitative Risk Consultant
6 3 (10.71%) Risk Consultant
7 2 (7.14%) AWS Engineer
7 2 (7.14%) Energy Trading Developer
7 2 (7.14%) Pricing Analyst
7 2 (7.14%) Quantitative Risk Analyst
7 2 (7.14%) Risk Analyst
7 2 (7.14%) Senior Python Developer
8 1 (3.57%) Senior Operations Analyst
Libraries, Frameworks & Software Standards
1 11 (39.29%) Pandas
2 10 (35.71%) NumPy
2 10 (35.71%) SciPy
3 2 (7.14%) React
4 1 (3.57%) .NET
4 1 (3.57%) ADO
4 1 (3.57%) AngularJS
4 1 (3.57%) HTML
4 1 (3.57%) HTML5
4 1 (3.57%) jQuery
4 1 (3.57%) Node.js
4 1 (3.57%) Ruby on Rails
4 1 (3.57%) Smart Contracts
Miscellaneous
1 14 (50.00%) Derivative
2 7 (25.00%) Algorithms
3 6 (21.43%) Fixed Income
4 2 (7.14%) Data Structures
4 2 (7.14%) Equities
4 2 (7.14%) Equity Derivative
4 2 (7.14%) Hedge funds
4 2 (7.14%) Market Risk
4 2 (7.14%) Renewable Energy
4 2 (7.14%) Solar Panel
5 1 (3.57%) Blockchain
5 1 (3.57%) PKI
Operating Systems
1 1 (3.57%) Linux
Processes & Methodologies
1 13 (46.43%) Computer Science
2 12 (42.86%) CI/CD
2 12 (42.86%) Mathematics
2 12 (42.86%) Test Automation
3 11 (39.29%) DevOps
4 9 (32.14%) Data Pipeline
4 9 (32.14%) Product Requirements
5 8 (28.57%) Applied Mathematics
5 8 (28.57%) Financial Modelling
5 8 (28.57%) Software Engineering
6 7 (25.00%) Architectural Patterns
6 7 (25.00%) Mathematical Modelling
7 5 (17.86%) Low Latency
7 5 (17.86%) Performance Optimisation
7 5 (17.86%) Probabilistic Modelling
8 4 (14.29%) Algorithmic Trading
9 3 (10.71%) Analytics
9 3 (10.71%) Quantitative Finance
10 2 (7.14%) Fintech
10 2 (7.14%) Systematic Trading
Programming Languages
1 19 (67.86%) Python
2 15 (53.57%) C++
3 14 (50.00%) Java
3 14 (50.00%) SQL
4 9 (32.14%) Rust
5 5 (17.86%) C#
5 5 (17.86%) R
6 3 (10.71%) PHP
7 1 (3.57%) Bash
7 1 (3.57%) Perl
7 1 (3.57%) Ruby
7 1 (3.57%) Scala
7 1 (3.57%) Solidity
Qualifications
1 13 (46.43%) Degree
2 3 (10.71%) Computer Science Degree
2 3 (10.71%) Master's Degree
2 3 (10.71%) Numerate Degree
2 3 (10.71%) PhD
Vendors
1 1 (3.57%) ION Trading
1 1 (3.57%) Solace