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 6 July 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
6 Jul 2015
Same period 2014 Same period 2013
Derivatives
Rank 107 93 102
Rank change year-on-year
-14 +9
Contract jobs citing Derivative 20 35 17
As % of all contract IT jobs located in Scotland 0.67% 1.32% 0.67%
As % of the Miscellaneous category 2.37% 4.81% 2.29%
Number of daily rates quoted 10 19 7
Average daily rate
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£450 £425 £450
Average daily rate % change year-on-year
+5.88% -5.55%
90% offered a daily rate of more than £245 £365 £440
10% offered a daily rate of more than £520 £600 £510
UK excluding London average daily rate £450 £393 £450
% change year-on-year
+14.64% -12.77%
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
843 728 742
As % of all contract IT jobs located in Scotland 28.22% 27.40% 29.30%
Number of daily rates quoted 388 419 341
Average daily rate £350 £360 £375
Average daily rate % change year-on-year
-2.77% -4.00%
90% offered a daily rate of more than £235 £243 £225
10% offered a daily rate of more than £463 £470 £500
UK excluding London average daily rate £375 £350 £350
% change year-on-year
+7.14% -
Number of hourly rates quoted 37 16 29
Average hourly rate £23.86 £25.00 £14.00
Average hourly rate % change year-on-year
-4.56% +78.57%
90% offered a hourly rate of more than £12.19 £12.50 £9.25
10% offered a hourly rate of more than £63.50 £83.60 £22.40
UK excluding London average hourly rate £19.00 £22.50 £20.50
% change year-on-year
-15.55% +9.75%

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 6 July 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 6 July 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 +4 11 £250 -33.33% 1
Edinburgh -11 8 £475 -13.63% 2
Stirling -3 1 - -
Derivative
UK

Derivative
Top 30 Related IT Skills in Scotland

For the 6 months to 6 July 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 22 (55.00%) SQL
1 22 (55.00%) Banking
2 20 (50.00%) Finance
3 19 (47.50%) Java
4 17 (42.50%) Equity Derivative
5 16 (40.00%) Investment Banking
6 13 (32.50%) Foreign Exchange (FX)
6 13 (32.50%) UNIX
7 10 (25.00%) Linux
7 10 (25.00%) C#
7 10 (25.00%) Shell Script
8 8 (20.00%) C++
8 8 (20.00%) Perl
8 8 (20.00%) Python
8 8 (20.00%) Sybase
9 7 (17.50%) T-SQL
9 7 (17.50%) J2EE
9 7 (17.50%) Sybase IQ
9 7 (17.50%) Equities
9 7 (17.50%) Front Office
9 7 (17.50%) Business Analysis
9 7 (17.50%) Sybase ASE
9 7 (17.50%) Multithreading
9 7 (17.50%) System Testing
9 7 (17.50%) Performance Tuning
9 7 (17.50%) Analytical Skills
10 6 (15.00%) EMIR
10 6 (15.00%) Investment Management
10 6 (15.00%) FIX Protocol
10 6 (15.00%) Use Case

Derivative
Top Related IT Skills in Scotland by Category

For the 6 months to 6 July 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 7 (17.50%) Sybase IQ
1 7 (17.50%) Sybase ASE
2 4 (10.00%) KDB
2 4 (10.00%) Relational Database
3 1 (2.50%) DB2
Development Applications
1 1 (2.50%) HP UFT
General
1 22 (55.00%) Banking
2 20 (50.00%) Finance
3 16 (40.00%) Investment Banking
4 7 (17.50%) Front Office
5 2 (5.00%) Legal
6 1 (2.50%) Advertising
6 1 (2.50%) Telecoms
Job Titles
1 17 (42.50%) Analyst
2 15 (37.50%) Developer
3 14 (35.00%) Business Analyst
4 9 (22.50%) Java Developer
5 6 (15.00%) SQL Developer
5 6 (15.00%) Systems Integration Engineer
5 6 (15.00%) Systems Engineer
5 6 (15.00%) Integration Engineer
6 3 (7.50%) C# Developer
7 2 (5.00%) Market Risk Developer
8 1 (2.50%) Operational Risk Analyst
8 1 (2.50%) Portfolio Analyst
8 1 (2.50%) Senior Java Developer
8 1 (2.50%) Applications Support Analyst
8 1 (2.50%) Sybase Developer
8 1 (2.50%) QA Test Analyst
8 1 (2.50%) Risk Analyst
8 1 (2.50%) Functional Analyst
8 1 (2.50%) QA Analyst
8 1 (2.50%) IT Business Analyst
Libraries, Frameworks & Software Standards
1 7 (17.50%) J2EE
2 6 (15.00%) FIX Protocol
3 4 (10.00%) .NET
3 4 (10.00%) Spring
4 3 (7.50%) ASP.NET
4 3 (7.50%) Hibernate
4 3 (7.50%) WCF
4 3 (7.50%) WPF
4 3 (7.50%) Silverlight
Miscellaneous
1 17 (42.50%) Equity Derivative
2 13 (32.50%) Foreign Exchange (FX)
3 7 (17.50%) Equities
3 7 (17.50%) Analytical Skills
4 6 (15.00%) Fixed Income
5 4 (10.00%) Market Risk
6 2 (5.00%) Computer Science
Operating Systems
1 13 (32.50%) UNIX
2 10 (25.00%) Linux
3 3 (7.50%) Red Hat Enterprise Linux
Processes & Methodologies
1 7 (17.50%) Business Analysis
1 7 (17.50%) System Testing
1 7 (17.50%) Multithreading
1 7 (17.50%) Performance Tuning
2 6 (15.00%) Investment Management
2 6 (15.00%) Use Case
2 6 (15.00%) Asset Management
3 4 (10.00%) Requirements Analysis
3 4 (10.00%) Validation
4 3 (7.50%) Stakeholder Management
4 3 (7.50%) MVC
4 3 (7.50%) User Acceptance Testing
4 3 (7.50%) Stakeholder Engagement
5 2 (5.00%) Agile Software Development
5 2 (5.00%) Data Analysis
5 2 (5.00%) SDLC
6 1 (2.50%) Automated Testing
6 1 (2.50%) Systems Analysis
6 1 (2.50%) Project Planning
6 1 (2.50%) Refactoring
Programming Languages
1 22 (55.00%) SQL
2 19 (47.50%) Java
3 10 (25.00%) C#
3 10 (25.00%) Shell Script
4 8 (20.00%) Python
4 8 (20.00%) C++
4 8 (20.00%) Perl
5 7 (17.50%) T-SQL
Qualifications
1 2 (5.00%) Degree
Quality Assurance & Compliance
1 6 (15.00%) EMIR
2 5 (12.50%) Dodd-Frank
3 1 (2.50%) GAAP
3 1 (2.50%) MiFID
3 1 (2.50%) QA
Vendors
1 8 (20.00%) Sybase
2 3 (7.50%) Oracle
2 3 (7.50%) Charles River
3 1 (2.50%) Reuters
3 1 (2.50%) Bloomberg
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