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 17 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
17 Apr 2015
Same period 2014 Same period 2013
Interest Rate Derivatives
Rank 545 552 467
Rank change year-on-year
+7 -85
Contract jobs citing Interest Rate Derivative 48 47 97
As % of all contract IT jobs located in the UK 0.086% 0.083% 0.20%
As % of the Miscellaneous category 0.28% 0.27% 0.65%
Number of daily rates quoted 40 35 87
Average daily rate
Keep up to 90%
of your Daily Rate
Get a Free Illustration
£525 £600 £550
Average daily rate % change year-on-year
-12.50% +9.09%
90% offered a daily rate of more than £398 £405 £500
10% offered a daily rate of more than £650 £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
16905 17481 14911
As % of all contract IT jobs located in the UK 30.25% 31.01% 30.68%
Number of daily rates quoted 10395 10746 8904
Average daily rate £425 £405 £425
Average daily rate % change year-on-year
+4.93% -4.70%
90% offered a daily rate of more than £250 £233 £240
10% offered a daily rate of more than £600 £600 £600
UK excluding London average daily rate £375 £350 £340
% change year-on-year
+7.14% +2.94%
Number of hourly rates quoted 664 665 713
Average hourly rate £19.00 £21.00 £23.00
Average hourly rate % change year-on-year
-9.52% -8.69%
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 £20.50 £23.50
% change year-on-year
-7.31% -12.76%

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 17 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 17 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 +5 46 £525 -12.50% 9
England -4 46 £525 -12.50% 9
City of London +14 11 £463 -22.91% 7
Docklands, London +4 1 - -

Interest Rate Derivative
Top 30 Related IT Skills

For the 6 months to 17 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 65 (82.28%) Derivative
2 44 (55.70%) Front Office
3 40 (50.63%) Finance
3 40 (50.63%) Banking
4 38 (48.10%) SQL
4 38 (48.10%) Foreign Exchange (FX)
5 37 (46.84%) Investment Banking
6 31 (39.24%) Fixed Income
7 30 (37.97%) Credit Derivative
8 24 (30.38%) C#
9 23 (29.11%) XML
9 23 (29.11%) Murex
10 22 (27.85%) Business Analysis
11 20 (25.32%) Analytics
12 16 (20.25%) UML
12 16 (20.25%) Equity Derivative
13 15 (18.99%) Degree
13 15 (18.99%) Data Architecture
13 15 (18.99%) Data Modelling
13 15 (18.99%) .NET
14 14 (17.72%) MS Excel
15 13 (16.46%) Financial Institution
16 12 (15.19%) Workflow
16 12 (15.19%) FpML
16 12 (15.19%) VBA
17 11 (13.92%) Agile Software Development
17 11 (13.92%) SQL Server 2005
17 11 (13.92%) SQL Server 2008
17 11 (13.92%) T-SQL
17 11 (13.92%) SQL Server

Interest Rate Derivative
Top Related IT Skills by Category

For the 6 months to 17 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 14 (17.72%) MS Excel
2 4 (5.06%) MS Project
3 3 (3.80%) Spreadsheet
Database & Business Intelligence
1 11 (13.92%) SQL Server
1 11 (13.92%) SQL Server 2005
1 11 (13.92%) SQL Server 2008
2 9 (11.39%) MS Access
3 3 (3.80%) SQL Server Integration Services
4 2 (2.53%) Data Mart
5 1 (1.27%) Relational Database
5 1 (1.27%) Data Mining
5 1 (1.27%) SQL Server Reporting Services
Development Applications
1 5 (6.33%) JIRA
General
1 44 (55.70%) Front Office
2 40 (50.63%) Finance
2 40 (50.63%) Banking
3 37 (46.84%) Investment Banking
4 13 (16.46%) Financial Institution
5 11 (13.92%) Back Office
6 1 (1.27%) Retail
6 1 (1.27%) French Language
Job Titles
1 26 (32.91%) Developer
2 25 (31.65%) Analyst
3 17 (21.52%) Business Analyst
4 12 (15.19%) Data Modeller
5 6 (7.59%) C# Developer
5 6 (7.59%) Senior Developer
5 6 (7.59%) Support Analyst
5 6 (7.59%) Murex Support
5 6 (7.59%) Murex Analyst
5 6 (7.59%) Murex Support Analyst
6 5 (6.33%) Test Manager
6 5 (6.33%) Project Manager
6 5 (6.33%) Contracts Manager
7 4 (5.06%) C++ Developer
7 4 (5.06%) IT Business Analyst
7 4 (5.06%) WPF Developer
8 3 (3.80%) Technical Leader
8 3 (3.80%) Technical Developer
8 3 (3.80%) SQL Database Developer
8 3 (3.80%) Senior C++ Developer
Libraries, Frameworks & Software Standards
1 23 (29.11%) XML
2 15 (18.99%) .NET
3 12 (15.19%) FpML
4 9 (11.39%) Murex MxML
5 7 (8.86%) WPF
6 6 (7.59%) Boost C++ Libraries
6 6 (7.59%) STL
7 1 (1.27%) COM+
Miscellaneous
1 65 (82.28%) Derivative
2 38 (48.10%) Foreign Exchange (FX)
3 31 (39.24%) Fixed Income
4 30 (37.97%) Credit Derivative
5 16 (20.25%) Equity Derivative
6 7 (8.86%) Analytical Skills
7 6 (7.59%) Grid Computing
8 5 (6.33%) Market Risk
9 4 (5.06%) Hedge funds
10 2 (2.53%) Mathematics
10 2 (2.53%) Computer Science
11 1 (1.27%) Swaptions
11 1 (1.27%) DTCC
11 1 (1.27%) Economics
11 1 (1.27%) Visualisation
Operating Systems
1 7 (8.86%) UNIX
2 3 (3.80%) Windows
2 3 (3.80%) Windows 7
Processes & Methodologies
1 22 (27.85%) Business Analysis
2 20 (25.32%) Analytics
3 16 (20.25%) UML
4 15 (18.99%) Data Modelling
4 15 (18.99%) Data Architecture
5 12 (15.19%) Workflow
6 11 (13.92%) Agile Software Development
7 8 (10.13%) Technical Architecture
8 7 (8.86%) Risk Analysis
8 7 (8.86%) Software Testing
9 6 (7.59%) RAD
10 5 (6.33%) Data Management
10 5 (6.33%) Time Management
10 5 (6.33%) Test Management
11 4 (5.06%) Project Management
12 3 (3.80%) OO
12 3 (3.80%) Validation
12 3 (3.80%) Requirements Analysis
12 3 (3.80%) Project Planning
12 3 (3.80%) Data Virtualisation
Programming Languages
1 38 (48.10%) SQL
2 24 (30.38%) C#
3 12 (15.19%) VBA
4 11 (13.92%) T-SQL
5 9 (11.39%) C++
6 8 (10.13%) Python
7 7 (8.86%) Perl
8 5 (6.33%) Java
9 4 (5.06%) R
10 1 (1.27%) MATLAB
10 1 (1.27%) VB
Qualifications
1 15 (18.99%) Degree
2 5 (6.33%) ISEB
2 5 (6.33%) ISEB Practitioner
Quality Assurance & Compliance
1 1 (1.27%) Basel II
1 1 (1.27%) EMIR
Systems Management
1 5 (6.33%) HP Quality Center
Vendors
1 23 (29.11%) Murex
2 11 (13.92%) Sybase
3 10 (12.66%) Tradeweb
4 6 (7.59%) Oracle
5 5 (6.33%) Calypso
5 5 (6.33%) HP
6 3 (3.80%) Microsoft
7 1 (1.27%) Software AG