The table below looks at the prevalence of the term Credit Derivative in IT contracts advertised across the UK. Included is a guide to the average contractor rates offered in IT contracts that have cited Credit Derivative over the 3 months to 9 February 2016 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
9 Feb 2016
Same period 2015 Same period 2014
Credit Derivatives
Rank 581 555 485
Rank change year-on-year
-26 -70
Contract jobs citing Credit Derivative 43 61 101
As % of all contract IT jobs located in the UK 0.084% 0.12% 0.20%
As % of the Miscellaneous category 0.26% 0.38% 0.63%
Number of daily rates quoted 30 51 71
Average daily rate £600 £600 £600
90% offered a daily rate of more than £525 £505 £475
10% offered a daily rate of more than £1,100 £650 £650
UK excluding London average daily rate - £505 -
Number of hourly rates quoted 0 0 1
Average hourly rate - - £30.00
UK excluding London average hourly rate - - -

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

Miscellaneous Category
UK
Contract IT job ads with a match in the
Miscellaneous category
16621 16104 15941
As % of all contract IT jobs located in the UK 32.28% 31.17% 32.21%
Number of daily rates quoted 10722 10019 9648
Average daily rate £425 £415 £405
Average daily rate % change year-on-year
+2.40% +2.46%
90% offered a daily rate of more than £250 £245 £230
10% offered a daily rate of more than £625 £600 £600
UK excluding London average daily rate £375 £370 £350
% change year-on-year
+1.35% +5.71%
Number of hourly rates quoted 670 687 656
Average hourly rate £21.75 £18.00 £19.00
Average hourly rate % change year-on-year
+20.83% -5.26%
90% offered a hourly rate of more than £12.50 £11.50 £11.51
10% offered a hourly rate of more than £52.63 £40.00 £42.50
UK excluding London average hourly rate £24.00 £17.50 £17.50
% change year-on-year
+37.14% -

Credit Derivative
Jobs Demand Trend

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

Credit Derivative Jobs Demand Trend in the UK

Credit Derivative
Daily Rate Trend

This chart provides the 3-month moving average for daily rates quoted in IT contract jobs citing Credit Derivative within the UK.

Credit Derivative Daily Rate Trend in the UK

Credit Derivative
Daily Rate Histogram

This chart provides a histogram of daily rates quoted in contract IT jobs citing Credit Derivative within the UK over the 3 months to 9 February 2016.

Credit Derivative Daily Rate Histogram in the UK

Credit Derivative
Hourly Rate Trend

This chart provides the 3-month moving average for hourly rates quoted in IT contractor jobs citing Credit Derivative within the UK.

Credit Derivative Hourly Rate Trend in the UK

Credit Derivative
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 Credit Derivative within the UK over the 3 months to 9 February 2016. 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
London -10 43 £600 - 7
England -45 43 £600 - 7
City of London +38 9 £525 -13.93% 4

Credit Derivative
Top 30 Related IT Skills

For the 6 months to 9 February 2016, IT contractor jobs within the UK citing Credit 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 Credit Derivative.

1 73 (97.33%) Derivative
2 46 (61.33%) Finance
3 44 (58.67%) Banking
4 39 (52.00%) Front Office
5 36 (48.00%) Credit Risk
6 35 (46.67%) Risk Management
7 29 (38.67%) Foreign Exchange (FX)
8 27 (36.00%) Investment Banking
9 25 (33.33%) C#
9 25 (33.33%) C++
10 21 (28.00%) Fixed Income
11 17 (22.67%) Market Risk
12 16 (21.33%) Mathematics
13 15 (20.00%) SQL
13 15 (20.00%) Python
13 15 (20.00%) Murex
14 14 (18.67%) Multithreading
15 12 (16.00%) Agile Software Development
15 12 (16.00%) Validation
16 11 (14.67%) XML
17 10 (13.33%) SQL Server
17 10 (13.33%) Equities
17 10 (13.33%) Translating Business Requirements
18 9 (12.00%) Monte Carlo Method
18 9 (12.00%) Risk Assessment
18 9 (12.00%) QA
18 9 (12.00%) Windows
18 9 (12.00%) PhD
19 8 (10.67%) Linux
20 7 (9.33%) Business Analysis

Credit Derivative
Top Related IT Skills by Category

For the 6 months to 9 February 2016, IT contractor jobs within the UK citing Credit 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 Credit Derivative. Up to 20 skills are shown per category.

Applications
1 3 (4.00%) MS Visio
2 1 (1.33%) MS Excel
Business Applications
1 3 (4.00%) ION MarketView
1 3 (4.00%) SunGard GMI
2 2 (2.67%) Rolfe and Nolan
Communications & Networking
1 1 (1.33%) Intranet
Database & Business Intelligence
1 10 (13.33%) SQL Server
2 4 (5.33%) Relational Database
2 4 (5.33%) SQL Server Analysis Services
3 2 (2.67%) MySQL
3 2 (2.67%) NoSQL
4 1 (1.33%) Big Data
4 1 (1.33%) Hadoop
Development Applications
1 1 (1.33%) Bower
1 1 (1.33%) JIRA
1 1 (1.33%) MagicDraw
1 1 (1.33%) Maven
1 1 (1.33%) Subversion
1 1 (1.33%) Toad
1 1 (1.33%) Visual Studio
1 1 (1.33%) XMLSpy
1 1 (1.33%) Yeoman
General
1 46 (61.33%) Finance
2 44 (58.67%) Banking
3 39 (52.00%) Front Office
4 27 (36.00%) Investment Banking
5 3 (4.00%) Back Office
6 1 (1.33%) Advertising
Job Titles
1 33 (44.00%) Analyst
2 28 (37.33%) Business Analyst
3 25 (33.33%) Developer
4 14 (18.67%) Credit Analyst
5 12 (16.00%) Investment Banking Business Analyst
5 12 (16.00%) Murex Analyst
5 12 (16.00%) Murex Business Analyst
5 12 (16.00%) Quantitative Developer
5 12 (16.00%) Risk Analyst
6 10 (13.33%) Front Office Business Analyst
7 9 (12.00%) Credit Risk Analyst
7 9 (12.00%) Credit Risk Manager
7 9 (12.00%) FX Business Analyst
7 9 (12.00%) Risk Business Analyst
7 9 (12.00%) Risk Manager
7 9 (12.00%) Senior Analyst
7 9 (12.00%) Senior Business Analyst
8 8 (10.67%) Front Office Developer
8 8 (10.67%) Quantitative Risk Manager
8 8 (10.67%) Senior Investment Banking Business Analyst
Libraries, Frameworks & Software Standards
1 11 (14.67%) XML
2 6 (8.00%) Boost C++ Libraries
2 6 (8.00%) STL
3 4 (5.33%) .NET
4 3 (4.00%) AngularJS
4 3 (4.00%) HTML
4 3 (4.00%) Spring
4 3 (4.00%) Spring Integration
5 2 (2.67%) FIX Protocol
5 2 (2.67%) HTML5
5 2 (2.67%) Web Services
5 2 (2.67%) WebSphere MQ
5 2 (2.67%) XML Messaging
6 1 (1.33%) CSS
6 1 (1.33%) FpML
6 1 (1.33%) JMS
6 1 (1.33%) React
6 1 (1.33%) Twitter Bootstrap
6 1 (1.33%) WPF
6 1 (1.33%) XML Schema
Miscellaneous
1 73 (97.33%) Derivative
2 36 (48.00%) Credit Risk
3 29 (38.67%) Foreign Exchange (FX)
4 21 (28.00%) Fixed Income
5 17 (22.67%) Market Risk
6 16 (21.33%) Mathematics
7 10 (13.33%) Equities
8 6 (8.00%) Computer Science
9 4 (5.33%) Interest Rate Derivative
10 2 (2.67%) Grid Computing
10 2 (2.67%) Reference Data
11 1 (1.33%) Analytical Skills
11 1 (1.33%) Equity Derivative
11 1 (1.33%) Physics
Operating Systems
1 9 (12.00%) Windows
2 8 (10.67%) Linux
3 1 (1.33%) Unix
Processes & Methodologies
1 35 (46.67%) Risk Management
2 14 (18.67%) Multithreading
3 12 (16.00%) Agile Software Development
3 12 (16.00%) Validation
4 10 (13.33%) Translating Business Requirements
5 9 (12.00%) Monte Carlo Method
5 9 (12.00%) Risk Assessment
6 7 (9.33%) Business Analysis
7 6 (8.00%) Analytics
7 6 (8.00%) Data Analysis
7 6 (8.00%) Scrum
7 6 (8.00%) SDLC
7 6 (8.00%) User Acceptance Testing
8 5 (6.67%) OO
9 4 (5.33%) Migration
9 4 (5.33%) Software Engineering
9 4 (5.33%) Stress Testing
9 4 (5.33%) TDD
10 3 (4.00%) Pair Programming
10 3 (4.00%) Use Case
Programming Languages
1 25 (33.33%) C#
1 25 (33.33%) C++
2 15 (20.00%) Python
2 15 (20.00%) SQL
3 3 (4.00%) Java
4 2 (2.67%) C
4 2 (2.67%) R
5 1 (1.33%) Scala
5 1 (1.33%) T-SQL
Qualifications
1 9 (12.00%) PhD
2 5 (6.67%) Degree
Quality Assurance & Compliance
1 9 (12.00%) QA
2 1 (1.33%) Basel III
2 1 (1.33%) COREP
2 1 (1.33%) CRD IV
2 1 (1.33%) EMIR
2 1 (1.33%) ISO20022
2 1 (1.33%) MiFID
Vendors
1 15 (20.00%) Murex
2 4 (5.33%) Bloomberg
3 3 (4.00%) ION Trading
3 3 (4.00%) Oracle
3 3 (4.00%) SunGard
4 2 (2.67%) Calypso
4 2 (2.67%) Sybase
5 1 (1.33%) Cloudera
5 1 (1.33%) FactSet
5 1 (1.33%) Perforce
5 1 (1.33%) Red Gate
5 1 (1.33%) Sencha
5 1 (1.33%) Thunderhead
5 1 (1.33%) Tradeweb
City of London
Huxley
Rate: £550 - £650 per day + competitive
Posted: 8 days ago
City of London
Hays London City Cheapside
Rate: £450.00 - £520.00 per day
Posted: 21 days ago