The table below looks at the prevalence of the term Interest Rate Derivative in IT contracts advertised across the UK. Included is a guide to the average contractor rates offered in IT contracts that have cited Interest Rate Derivative over the 3 months to 1 April 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
1 Apr 2015
Same period 2014 Same period 2013
Interest Rate Derivatives
Rank 538 549 428
Rank change year-on-year
+11 -121
Contract jobs citing Interest Rate Derivative 48 44 116
As % of all contract IT jobs located in the UK 0.086% 0.081% 0.25%
As % of the Miscellaneous category 0.29% 0.26% 0.80%
Number of daily rates quoted 39 34 105
Average daily rate
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£525 £550 £575
Average daily rate % change year-on-year
-4.54% -4.34%
90% offered a daily rate of more than £395 £398 £495
10% offered a daily rate of more than £634 £700 £650
UK excluding London average daily rate £400 £450 -
% change year-on-year
-11.11% -
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
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
16777 16783 14506
As % of all contract IT jobs located in the UK 30.09% 31.01% 30.69%
Number of daily rates quoted 10299 10326 8737
Average daily rate £425 £410 £425
Average daily rate % change year-on-year
+3.65% -3.52%
90% offered a daily rate of more than £250 £238 £245
10% offered a daily rate of more than £600 £600 £600
UK excluding London average daily rate £375 £350 £338
% change year-on-year
+7.14% +3.70%
Number of hourly rates quoted 664 649 742
Average hourly rate £19.00 £19.00 £23.00
Average hourly rate % change year-on-year
- -17.39%
90% offered a hourly rate of more than £11.50 £11.50 £12.00
10% offered a hourly rate of more than £45.00 £42.50 £42.50
UK excluding London average hourly rate £19.00 £17.50 £23.00
% change year-on-year
+8.57% -23.91%

Interest Rate Derivative
Jobs Demand Trend

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

Interest Rate Derivative Jobs Demand Trend in the UK

Interest Rate Derivative
Daily Rate Trend

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

Interest Rate Derivative Daily Rate Trend in the UK

Interest Rate Derivative
Daily Rate Histogram

This chart provides a histogram of daily rates quoted in contract IT jobs citing Interest Rate Derivative within the UK over the 3 months to 1 April 2015.

Interest Rate Derivative Daily Rate Histogram in the UK

Interest Rate Derivative
Hourly Rate Trend

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

Interest Rate Derivative Hourly Rate Trend in the UK

Interest Rate Derivative
Top 4 Contract Locations

The table below looks at the demand and provides a guide to the average contractor rates quoted in IT jobs citing Interest Rate Derivative within the UK over the 3 months to 1 April 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
London +11 46 £525 -4.54% 8
England -5 46 £525 -4.54% 8
City of London +13 11 £463 -22.91% 7
Docklands, London +6 1 - -

Interest Rate Derivative
Top 30 Related IT Skills

For the 6 months to 1 April 2015, IT contractor jobs within the UK citing Interest Rate 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 Interest Rate Derivative.

1 66 (82.50%) Derivative
2 44 (55.00%) Front Office
3 41 (51.25%) Finance
4 40 (50.00%) Banking
5 36 (45.00%) Investment Banking
5 36 (45.00%) SQL
6 35 (43.75%) Foreign Exchange (FX)
7 33 (41.25%) Fixed Income
8 30 (37.50%) Credit Derivative
9 25 (31.25%) C#
9 25 (31.25%) XML
9 25 (31.25%) Analytics
10 23 (28.75%) Murex
11 21 (26.25%) Business Analysis
12 19 (23.75%) .NET
13 16 (20.00%) UML
13 16 (20.00%) MS Excel
13 16 (20.00%) Equity Derivative
14 15 (18.75%) Data Architecture
14 15 (18.75%) Data Modelling
15 14 (17.50%) VBA
15 14 (17.50%) Degree
15 14 (17.50%) Agile Software Development
16 13 (16.25%) Financial Institution
17 12 (15.00%) FpML
17 12 (15.00%) Workflow
18 11 (13.75%) SQL Server 2005
18 11 (13.75%) SQL Server 2008
18 11 (13.75%) Back Office
18 11 (13.75%) T-SQL

Interest Rate Derivative
Top Related IT Skills by Category

For the 6 months to 1 April 2015, IT contractor jobs within the UK citing Interest Rate 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 Interest Rate Derivative. Up to 20 skills are shown per category.

Applications
1 16 (20.00%) MS Excel
2 6 (7.50%) MS Project
3 5 (6.25%) Spreadsheet
Database & Business Intelligence
1 11 (13.75%) SQL Server 2005
1 11 (13.75%) SQL Server 2008
1 11 (13.75%) SQL Server
2 9 (11.25%) MS Access
3 3 (3.75%) SQL Server Integration Services
4 2 (2.50%) Data Mart
5 1 (1.25%) SQL Server Reporting Services
Development Applications
1 5 (6.25%) JIRA
General
1 44 (55.00%) Front Office
2 41 (51.25%) Finance
3 40 (50.00%) Banking
4 36 (45.00%) Investment Banking
5 13 (16.25%) Financial Institution
6 11 (13.75%) Back Office
7 1 (1.25%) French Language
Job Titles
1 28 (35.00%) Developer
2 24 (30.00%) Analyst
3 16 (20.00%) Business Analyst
4 12 (15.00%) Data Modeller
5 8 (10.00%) C# Developer
6 6 (7.50%) Support Analyst
6 6 (7.50%) Murex Support Analyst
6 6 (7.50%) Murex Support
6 6 (7.50%) Murex Analyst
7 5 (6.25%) Technical Leader
7 5 (6.25%) Contracts Manager
7 5 (6.25%) Technical Developer
7 5 (6.25%) Lead Developer
7 5 (6.25%) Senior Developer
7 5 (6.25%) Test Manager
8 4 (5.00%) Project Manager
8 4 (5.00%) IT Business Analyst
8 4 (5.00%) WPF Developer
9 3 (3.75%) SQL Database Developer
9 3 (3.75%) Database Developer
Libraries, Frameworks & Software Standards
1 25 (31.25%) XML
2 19 (23.75%) .NET
3 12 (15.00%) FpML
4 9 (11.25%) Murex MxML
5 7 (8.75%) WPF
6 5 (6.25%) Boost C++ Libraries
6 5 (6.25%) STL
7 1 (1.25%) COM+
Miscellaneous
1 66 (82.50%) Derivative
2 35 (43.75%) Foreign Exchange (FX)
3 33 (41.25%) Fixed Income
4 30 (37.50%) Credit Derivative
5 16 (20.00%) Equity Derivative
6 6 (7.50%) Analytical Skills
7 5 (6.25%) Grid Computing
8 4 (5.00%) Market Risk
8 4 (5.00%) Hedge funds
9 2 (2.50%) Mathematics
9 2 (2.50%) Computer Science
10 1 (1.25%) Economics
10 1 (1.25%) Visualisation
10 1 (1.25%) Swaptions
10 1 (1.25%) DTCC
Operating Systems
1 7 (8.75%) UNIX
2 5 (6.25%) Windows 7
2 5 (6.25%) Windows
Processes & Methodologies
1 25 (31.25%) Analytics
2 21 (26.25%) Business Analysis
3 16 (20.00%) UML
4 15 (18.75%) Data Architecture
4 15 (18.75%) Data Modelling
5 14 (17.50%) Agile Software Development
6 12 (15.00%) Workflow
7 8 (10.00%) Technical Architecture
8 7 (8.75%) Software Testing
8 7 (8.75%) RAD
9 6 (7.50%) Risk Analysis
10 5 (6.25%) Data Management
10 5 (6.25%) Test Management
10 5 (6.25%) Time Management
10 5 (6.25%) Project Planning
11 4 (5.00%) OO
11 4 (5.00%) Project Management
12 3 (3.75%) Data Virtualisation
12 3 (3.75%) Requirements Analysis
12 3 (3.75%) Validation
Programming Languages
1 36 (45.00%) SQL
2 25 (31.25%) C#
3 14 (17.50%) VBA
4 11 (13.75%) T-SQL
5 10 (12.50%) Python
6 8 (10.00%) C++
7 7 (8.75%) Perl
8 5 (6.25%) Java
9 4 (5.00%) R
10 1 (1.25%) MATLAB
10 1 (1.25%) VB
Qualifications
1 14 (17.50%) Degree
2 5 (6.25%) ISEB Practitioner
2 5 (6.25%) ISEB
Quality Assurance & Compliance
1 1 (1.25%) EMIR
1 1 (1.25%) Basel II
Systems Management
1 5 (6.25%) HP Quality Center
Vendors
1 23 (28.75%) Murex
2 11 (13.75%) Sybase
3 10 (12.50%) Tradeweb
4 5 (6.25%) Oracle
4 5 (6.25%) Microsoft
4 5 (6.25%) Calypso
4 5 (6.25%) HP
5 1 (1.25%) Software AG
5 1 (1.25%) TIBCO
City of London
Interquest - ITQ Financial - London
Rate: £25000 per annum + benefits
Posted: 6 days ago
City of London
Hays IT - Uk Posting account
Rate: £500.00 - £600.00 per day
Posted: 20 days ago