Permanent IT Jobs Contract IT Jobs

The first part of the table below looks at the demand for Black-Scholes skills in IT contracts advertised across the UK. Included is a guide to the average contractor rates offered in IT contracts that have cited Black-Scholes over the 3 months to 19 March 2010 with a comparison to the same period in the previous 2 years. The second part of the table is for comparison and provides aggregates for all of the Processes & Methodologies category.

LinkBlack-Scholes
Location
3 months to
19 Mar 2010
Same period 2009Same period 2008
Rank485427598
Rank change year-on-year
Down-58Up+171
Matching contract IT job ads8142
As % of all contract IT jobs located in the UK0.017 %0.035 %0.002 %
As % of the Processes & Methodologies category0.028 %0.067 %0.005 %
Daily rates quoted762
Average daily rate£600£550£450
Average daily rate % change year-on-year
+9.090 %+22.22 %
UK excluding London average daily rate---
Hourly rates quoted000
Average hourly rate---
UK excluding London average hourly rate---
IT Contractor Job Market, Processes & Methodologies CategoryAll Processes & Methodologies
UK
Contract IT job ads with a match in the
Processes & Methodologies category
284392091640911
As % of all contract IT jobs located in the UK58.87 %53.02 %49.77 %
Daily rates quoted13684739614067
Average daily rate£410£400£400
Average daily rate % change year-on-year
+2.500 %-
90% of contracts offered a daily rate of more than£250£235£263
10% of contracts offered a daily rate of more than£575£550£600
UK excluding London average daily rate£350£360£375
% change year-on-year
-2.770 %-4.000 %
Hourly rates quoted114812112463
Average hourly rate£25.00£27.50£30.00
Average hourly rate % change year-on-year
-9.090 %-8.330 %
90% of contracts offered a hourly rate of more than£12.21£13.00£13.50
10% of contracts offered a hourly rate of more than£42.50£42.50£44.00
UK excluding London average hourly rate£24.50£27.50£30.00
% change year-on-year
-10.90 %-8.330 %

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.

Black-Scholes
Demand Trend

The chart provides the 3-month moving total beginning in 2004 of IT contractor jobs citing Black-Scholes within the UK as a proportion of the total demand within the Processes & Methodologies category.

Black-Scholes Demand Trend

Black-Scholes
Daily Rate Trend

The chart provides the 3-month moving average for daily rates quoted in IT contract jobs citing Black-Scholes within the UK.

Black-Scholes Daily Rate Trend

Black-Scholes
Top 3 Contract Locations

The table below looks at the demand and provides a guide to the average contractor rates quoted in IT jobs citing Black-Scholes within the UK over the 3 months to 19 March 2010. The 'Rank Change' column provides an indication of the change in demand within each location based on the same 3 month period last year.

LocationRank 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
EnglandDown-508£600+9.09 %
LondonDown-708£600+9.09 %
City of LondonDown-662£613+16.66 %

Black-Scholes
Top 30 Related IT Skills

For the 6 months to 19 March 2010, IT contractor jobs within the UK citing Black-Scholes 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 Black-Scholes.

113 (92.86 %)Derivative
212 (85.71 %)Front Office
311 (78.57 %)Java
49 (64.29 %)Banking
49 (64.29 %)Investment Banking
55 (35.71 %)Sybase
55 (35.71 %)Greeks
64 (28.57 %)Monte Carlo Method
64 (28.57 %)SQL
64 (28.57 %)C#
64 (28.57 %)WinForms
73 (21.43 %)Equities
73 (21.43 %)Credit Derivative
73 (21.43 %)Interest Rate Derivative
73 (21.43 %)Equity Derivative
73 (21.43 %)C++
73 (21.43 %)PhD
73 (21.43 %)Foreign Exchange (FX)
82 (14.29 %)OO
82 (14.29 %)Algorithmic Trading
82 (14.29 %)Oracle
82 (14.29 %)Finance
82 (14.29 %)Lattice Semiconductor
91 (7.143 %)Bash shell
91 (7.143 %)Spreadsheet
91 (7.143 %)Tandem
91 (7.143 %)Mathematics
91 (7.143 %)Swing
91 (7.143 %)Python
91 (7.143 %)TIBCO

Black-Scholes
Top Related IT Skills by Category

For the 6 months to 19 March 2010, IT contractor jobs within the UK citing Black-Scholes 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 Black-Scholes. Up to 20 skills are shown per category.

IT Contractor Job Market, Application Development CategoryApplication Development
14 (28.57 %)WinForms
21 (7.143 %)Swing
21 (7.143 %)J2EE
IT Contractor Job Market, Applications CategoryApplications
11 (7.143 %)Spreadsheet
IT Contractor Job Market, General CategoryGeneral
112 (85.71 %)Front Office
29 (64.29 %)Banking
29 (64.29 %)Investment Banking
32 (14.29 %)Finance
41 (7.143 %)Back Office
IT Contractor Job Market, Job Titles CategoryJob Titles
111 (78.57 %)Developer
26 (42.86 %)Quantitative Developer
35 (35.71 %)Java Developer
44 (28.57 %)C# Developer
52 (14.29 %)GUI Developer
61 (7.143 %)Senior Quantitative Developer
61 (7.143 %)J2EE Developer
61 (7.143 %)Senior Java Developer
61 (7.143 %)Java/J2EE Developer
61 (7.143 %)Senior Developer
IT Contractor Job Market, Miscellaneous CategoryMiscellaneous
113 (92.86 %)Derivative
23 (21.43 %)Equities
23 (21.43 %)Credit Derivative
23 (21.43 %)Interest Rate Derivative
23 (21.43 %)Equity Derivative
23 (21.43 %)Foreign Exchange (FX)
31 (7.143 %)Tandem
31 (7.143 %)Mathematics
IT Contractor Job Market, Operating Systems CategoryOperating Systems
11 (7.143 %)UNIX
IT Contractor Job Market, Processes & Methodologies CategoryProcesses & Methodologies
15 (35.71 %)Greeks
24 (28.57 %)Monte Carlo Method
32 (14.29 %)OO
32 (14.29 %)Algorithmic Trading
IT Contractor Job Market, Programming Languages CategoryProgramming Languages
111 (78.57 %)Java
24 (28.57 %)SQL
24 (28.57 %)C#
33 (21.43 %)C++
41 (7.143 %)Bash shell
41 (7.143 %)Python
41 (7.143 %)Perl
41 (7.143 %)VBA
IT Contractor Job Market, Qualifications CategoryQualifications
13 (21.43 %)PhD
IT Contractor Job Market, Vendors CategoryVendors
15 (35.71 %)Sybase
22 (14.29 %)Oracle
22 (14.29 %)Lattice Semiconductor
31 (7.143 %)TIBCO