The table below looks at the prevalence of the term Derivative in IT contracts advertised for the Scotland region. Included is a guide to the average contractor rates offered in IT contracts that have cited Derivative over the 3 months to 29 May 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
29 May 2015
Same period 2014 Same period 2013
Derivatives
Rank 103 85 100
Rank change year-on-year
-18 +15
Contract jobs citing Derivative 19 38 21
As % of all contract IT jobs located in Scotland 0.66% 1.47% 0.85%
As % of the Miscellaneous category 2.50% 5.29% 2.76%
Number of daily rates quoted 10 18 9
Average daily rate
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£394 £400 £475
Average daily rate % change year-on-year
-1.56% -15.78%
90% offered a daily rate of more than £375 £375 £368
10% offered a daily rate of more than £455 £583 £605
UK excluding London average daily rate £425 £385 £450
% change year-on-year
+10.38% -14.44%
Number of hourly rates quoted 0 0 1
Average hourly rate - - £17.00
UK excluding London average hourly rate - £42.00 £17.00
% change year-on-year
- +147.05%
Derivative
UK

The following table is for comparison with the above and provides statistics for the entire Miscellaneous category in contract jobs advertised in the Scotland region.

Miscellaneous Category
Scotland
Contract IT job ads with a match in the
Miscellaneous category
761 718 760
As % of all contract IT jobs located in Scotland 26.53% 27.78% 30.81%
Number of daily rates quoted 363 397 356
Average daily rate £350 £375 £375
Average daily rate % change year-on-year
-6.66% -
90% offered a daily rate of more than £225 £230 £263
10% offered a daily rate of more than £473 £470 £500
UK excluding London average daily rate £375 £350 £350
% change year-on-year
+7.14% -
Number of hourly rates quoted 42 23 24
Average hourly rate £27.44 £25.00 £15.14
Average hourly rate % change year-on-year
+9.76% +65.18%
90% offered a hourly rate of more than £12.91 £12.85 £11.90
10% offered a hourly rate of more than £55.00 £27.50 £36.00
UK excluding London average hourly rate £19.00 £21.50 £21.50
% change year-on-year
-11.62% -

Derivative
Jobs Demand Trend in Scotland

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

Derivative Jobs Demand Trend in Scotland

Derivative
Daily Rate Trend in Scotland

This chart provides the 3-month moving average for daily rates quoted in IT contract jobs citing Derivative across the Scotland region.

Derivative Daily Rate Trend in Scotland

Derivative
Daily Rate Histogram in Scotland

This chart provides a histogram of daily rates quoted in contract IT jobs citing Derivative across the Scotland region over the 3 months to 29 May 2015.

Derivative Daily Rate Histogram in Scotland

Derivative
Hourly Rate Trend in Scotland

This chart provides the 3-month moving average for hourly rates quoted in IT contractor jobs citing Derivative across the Scotland region.

Derivative Hourly Rate Trend in Scotland

Derivative
Contract Job Locations in Scotland

The table below looks at the demand and provides a guide to the average contractor rates quoted in IT jobs citing Derivative within the Scotland region over the 3 months to 29 May 2015. The 'Rank Change' column provides an indication of the change in demand within each location based on the same 3 month period last year.

Location
(Use links below to see detailed
statistics and historical trends)
Rank Change
on Same Period
Last Year
Matching
Contract
IT Job Ads
Average
Daily Rate
Last 3 Months
Average Daily Rate
% Change
on Same Period
Last Year
Live
Job
Vacancies
Glasgow -2 13 £381 +1.66% 2
Stirling -8 4 - -
Edinburgh -13 2 £450 -20.00% 1
Derivative
UK

Derivative
Top 30 Related IT Skills in Scotland

For the 6 months to 29 May 2015, IT contractor jobs across the Scotland region citing 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 Derivative.

1 16 (50.00%) Banking
2 15 (46.88%) Java
2 15 (46.88%) SQL
3 14 (43.75%) Finance
4 11 (34.38%) Investment Banking
4 11 (34.38%) Equity Derivative
5 10 (31.25%) Foreign Exchange (FX)
6 9 (28.13%) UNIX
6 9 (28.13%) C#
6 9 (28.13%) Front Office
7 8 (25.00%) Perl
7 8 (25.00%) Linux
7 8 (25.00%) Shell Script
7 8 (25.00%) Python
8 7 (21.88%) C++
8 7 (21.88%) Investment Management
9 6 (18.75%) FIX Protocol
9 6 (18.75%) Multithreading
10 5 (15.63%) Sybase IQ
10 5 (15.63%) Equities
10 5 (15.63%) Business Analysis
10 5 (15.63%) Sybase ASE
10 5 (15.63%) T-SQL
10 5 (15.63%) J2EE
10 5 (15.63%) Project Management
10 5 (15.63%) Sybase
10 5 (15.63%) Performance Tuning
10 5 (15.63%) System Testing
11 4 (12.50%) Analytical Skills
11 4 (12.50%) Use Case

Derivative
Top Related IT Skills in Scotland by Category

For the 6 months to 29 May 2015, IT contractor jobs across the Scotland region citing 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 Derivative. Up to 20 skills are shown per category.

Database & Business Intelligence
1 5 (15.63%) Sybase IQ
1 5 (15.63%) Sybase ASE
2 3 (9.38%) KDB
2 3 (9.38%) Relational Database
General
1 16 (50.00%) Banking
2 14 (43.75%) Finance
3 11 (34.38%) Investment Banking
4 9 (28.13%) Front Office
5 1 (3.13%) Telecoms
5 1 (3.13%) Legal
5 1 (3.13%) Advertising
Job Titles
1 12 (37.50%) Developer
2 7 (21.88%) Project Manager
3 6 (18.75%) Analyst
3 6 (18.75%) Systems Engineer
3 6 (18.75%) Integration Engineer
3 6 (18.75%) Systems Integration Engineer
3 6 (18.75%) Java Developer
4 5 (15.63%) Business Analyst
5 4 (12.50%) SQL Developer
6 3 (9.38%) C# Developer
7 2 (6.25%) Market Risk Developer
7 2 (6.25%) Business Manager
7 2 (6.25%) Business Project Manager
8 1 (3.13%) Applications Support Analyst
8 1 (3.13%) Senior Project Manager
8 1 (3.13%) Senior Analyst
8 1 (3.13%) Sybase Developer
8 1 (3.13%) IT Business Analyst
8 1 (3.13%) Senior Manager
8 1 (3.13%) Support Analyst
Libraries, Frameworks & Software Standards
1 6 (18.75%) FIX Protocol
2 5 (15.63%) J2EE
3 3 (9.38%) Hibernate
3 3 (9.38%) WCF
3 3 (9.38%) WPF
3 3 (9.38%) Silverlight
3 3 (9.38%) ASP.NET
3 3 (9.38%) .NET
3 3 (9.38%) Spring
Miscellaneous
1 11 (34.38%) Equity Derivative
2 10 (31.25%) Foreign Exchange (FX)
3 5 (15.63%) Equities
4 4 (12.50%) Analytical Skills
4 4 (12.50%) Fixed Income
5 2 (6.25%) Market Risk
5 2 (6.25%) Computer Science
Operating Systems
1 9 (28.13%) UNIX
2 8 (25.00%) Linux
3 3 (9.38%) Red Hat Enterprise Linux
Processes & Methodologies
1 7 (21.88%) Investment Management
2 6 (18.75%) Multithreading
3 5 (15.63%) Business Analysis
3 5 (15.63%) Project Management
3 5 (15.63%) Performance Tuning
3 5 (15.63%) System Testing
4 4 (12.50%) Use Case
4 4 (12.50%) Business Process Improvement
4 4 (12.50%) Requirements Analysis
4 4 (12.50%) Project Planning
4 4 (12.50%) Validation
4 4 (12.50%) Stakeholder Management
5 3 (9.38%) Asset Management
5 3 (9.38%) MVC
6 2 (6.25%) SDLC
6 2 (6.25%) Change Control
6 2 (6.25%) Business Transformation
6 2 (6.25%) Risk Management
6 2 (6.25%) PRINCE2
7 1 (3.13%) Agile Software Development
Programming Languages
1 15 (46.88%) Java
1 15 (46.88%) SQL
2 9 (28.13%) C#
3 8 (25.00%) Perl
3 8 (25.00%) Shell Script
3 8 (25.00%) Python
4 7 (21.88%) C++
5 5 (15.63%) T-SQL
Qualifications
1 2 (6.25%) Degree
Quality Assurance & Compliance
1 1 (3.13%) EMIR
Vendors
1 5 (15.63%) Sybase
2 3 (9.38%) Oracle
3 1 (3.13%) Charles River
Edinburgh, Midlothian
Cathcart Associates Ltd
Rate: £300 - £360 per day
Posted: 3 days ago