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This section looks at the demand for Interest Rate Derivatives skills across the UK with a comparison to our Miscellaneous category. Included is a guide to the contractor rates offered in IT jobs that have cited Interest Rate Derivative over the last 3 months to 15 May 2008 with a comparison to the same period last year.

LinkInterest Rate Derivatives
Location
3 months to 15 May 2008Same period last year
Rank301240
Rank change on same period last yearDown-61
Matching contract IT job ads353524
As % of all UK contract IT job ads sampled0.453 %0.589 %
As % of the category below2.154 %2.752 %
Daily rates quoted194321
Average minimum daily rate£538£586
Average daily rate£587£635
% change on same period last year-7.50 %
Average maximum daily rate£636£683
UK excluding London average daily rate-£666
% change on same period last year-
Hourly rates quoted04
Average minimum hourly rate-£35.00
Average hourly rate-£37.50
% change on same period last year-
Average maximum hourly rate-£40.00
UK excluding London average hourly rate--
% change on same period last year-
Miscellaneous UKMiscellaneous
UK
Matching contract IT job ads1638519040
As % of all UK contract IT job ads sampled21.02 %21.39 %
Daily rates quoted59576810
Average minimum daily rate£452£475
Average daily rate£487£510
% change on same period last year-4.51 %
Average maximum daily rate£522£546
UK excluding London average daily rate£361£360
% change on same period last year+0.21 %
Hourly rates quoted13621166
Average minimum hourly rate£22.17£23.48
Average hourly rate£24.36£25.25
% change on same period last year-3.53 %
Average maximum hourly rate£26.56£27.02
UK excluding London average hourly rate£23.96£25.02
% change on same period last year-4.25 %

We calculate average IT contractor rates directly from the figures quoted and do not attempt to derive hourly rates from daily rates or vice versa.

Interest Rate Derivative
Demand Trend

The chart provides the 3-month moving total starting in 2004 of contract IT jobs ads citing Interest Rate Derivative across the UK as a proportion of the total demand within the Miscellaneous category.

Interest Rate Derivative Demand Trend

Interest Rate Derivative
Daily Rate Trend

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

Interest Rate Derivative Daily Rate Trend

Interest Rate Derivative
Daily Rate Histogram

The chart provides a histogram of daily rates quoted in contract IT jobs citing Interest Rate Derivative across the UK over the past 3 months.

Interest Rate Derivative Daily Rate Histogram

Interest Rate Derivative
Hourly Rate Trend

The chart provides the 3-month moving average for hourly rates quoted in contract IT jobs ads citing Interest Rate Derivative across the UK.

Interest Rate Derivative Hourly Rate Trend

Interest Rate Derivative
Top 7 Contract Locations

This section looks at the demand and provides a guide to the contractor rates quoted in IT jobs citing Interest Rate Derivative within the UK over the past 3 months.

RankLocationRank Change
on Same Period
Last Last
Matching
Contract
IT Job Ads
Average
Daily Rate
Last 3 Months
Average Daily Rate
% Change
on Same Period
Last Year
1LondonDown-28350£587-7.35 %
1EnglandDown-46350£587-7.28 %
2City of LondonDown-31139£590-10.18 %
3Docklands, LondonUp+2235£576-8.74 %
4Canary WharfUp+512£575+27.77 %
5GlasgowNew entry-2--
5ScotlandNew entry-2--

Interest Rate Derivative
Top 30 Related IT Skills

Over the past 6 months contract IT jobs across the UK citing Interest Rate Derivative also mentioned the following skills in order of popularity. The figures indicate the number of jobs and their proportion against the total number of IT job ads sampled citing Interest Rate Derivative.

1648 (94.46 %)Derivative
2317 (46.21 %)Banking
3290 (42.27 %)Front Office
4249 (36.30 %)Fixed Income
5233 (33.97 %)Investment Banking
6170 (24.78 %)C++
7152 (22.16 %)Credit Derivative
8150 (21.87 %)Finance
8150 (21.87 %)Foreign Exchange (FX)
9140 (20.41 %)Java
10111 (16.18 %)C#
11101 (14.72 %)Back Office
1295 (13.85 %)VBA
1389 (12.97 %)Equity Derivative
1485 (12.39 %)SQL
1485 (12.39 %)Risk Management
1577 (11.22 %)Murex
1577 (11.22 %)Business Analysis
1670 (10.20 %)Unix
1768 (9.913 %)Oracle
1861 (8.892 %)OO
1959 (8.601 %)Windows
2058 (8.455 %)Calypso
2157 (8.309 %)XML
2255 (8.017 %)WebServices
2255 (8.017 %)Sybase
2255 (8.017 %)Migration
2342 (6.122 %)Degree
2342 (6.122 %).NET
2437 (5.394 %)Summit

Interest Rate Derivative
Top Related IT Skills by Category

Over the past 6 months contract IT jobs across the UK citing Interest Rate Derivative also mentioned the following skills grouped by category. The figures indicate the number of jobs and their proportion against the total number of IT job ads sampled citing Interest Rate Derivative. Up to 20 skills are shown per category.

Application Development
157 (8.309 %)XML
255 (8.017 %)WebServices
342 (6.122 %).NET
433 (4.810 %)WinForms
527 (3.936 %)ASP.NET
626 (3.790 %)AJAX
725 (3.644 %)Microsoft Enterprise Library
725 (3.644 %)Spring
725 (3.644 %)ASP
725 (3.644 %)J2SE
725 (3.644 %)WCF
822 (3.207 %)SOAP
921 (3.061 %)CORBA
1013 (1.895 %)J2EE
1112 (1.749 %)Hibernate
1112 (1.749 %)Velocity
1211 (1.603 %)FreeMarker
1211 (1.603 %)XSLT
139 (1.312 %)HTML
148 (1.166 %)FpML
Application Platforms
125 (3.644 %)IIS
26 (0.875 %)MQSeries
35 (0.729 %)Rendezvous
44 (0.583 %)TIBCO EMS
52 (0.292 %)Office Project Server
52 (0.292 %)JBoss
Applications
115 (2.187 %)MS Excel
211 (1.603 %)MS Project
211 (1.603 %)MS Office
31 (0.146 %)MS PowerPoint
Business Applications
137 (5.394 %)Summit
216 (2.332 %)Murex MxG2000
37 (1.020 %)MarketView
44 (0.583 %)Oracle Applications
51 (0.146 %)RMDS
51 (0.146 %)Loan IQ
Communications & Networking
14 (0.583 %)HTTP
22 (0.292 %)LAN
Database & Business Intelligence
19 (1.312 %)MS Access
19 (1.312 %)Reference Data
27 (1.020 %)Oracle 9i
36 (0.875 %)Oracle Reports
45 (0.729 %)Datawarehouse
54 (0.583 %)SQL Server
63 (0.437 %)Oracle 10g
71 (0.146 %)ETL
71 (0.146 %)Crystal Reports
Development Applications
113 (1.895 %)JUnit
113 (1.895 %)NUnit
27 (1.020 %)Log4Net
35 (0.729 %)Eclipse
42 (0.292 %)TestDirector
42 (0.292 %)ClearCase
51 (0.146 %)Ant
General
1317 (46.21 %)Banking
2290 (42.27 %)Front Office
3233 (33.97 %)Investment Banking
4150 (21.87 %)Finance
5101 (14.72 %)Back Office
614 (2.041 %)Government
711 (1.603 %)Marketing
88 (1.166 %)Financial Institution
94 (0.583 %)Legal
94 (0.583 %)Retail
103 (0.437 %)Education
103 (0.437 %)General Ledger
111 (0.146 %)Corporate Banking
111 (0.146 %)International Banking
Job Titles
1311 (45.34 %)Analyst
2260 (37.90 %)Developer
3208 (30.32 %)Business Analyst
470 (10.20 %)Java Developer
566 (9.621 %)Project Manager
646 (6.706 %)Excel Developer
745 (6.560 %)C++ Developer
843 (6.268 %)C# Developer
934 (4.956 %)Programmer
1032 (4.665 %)Analyst Programmer
1127 (3.936 %)Front Office Developer
1127 (3.936 %)VBA Developer
1224 (3.499 %)Excel Specialist
1224 (3.499 %)Consultant
1323 (3.353 %)Murex Analyst
1323 (3.353 %)Banking Business Analyst
1323 (3.353 %)Investment Banking Business Analyst
1421 (3.061 %)Excel VBA Developer
1421 (3.061 %).NET Developer
1520 (2.915 %)Murex Support
Miscellaneous
1648 (94.46 %)Derivative
2249 (36.30 %)Fixed Income
3152 (22.16 %)Credit Derivative
4150 (21.87 %)Foreign Exchange (FX)
589 (12.97 %)Equity Derivative
629 (4.227 %)Equities
726 (3.790 %)Mathematics
813 (1.895 %)Grid Computing
813 (1.895 %)Market Risk
912 (1.749 %)Credit Risk
1010 (1.458 %)Multithreading
118 (1.166 %)Swaptions
118 (1.166 %)DTCC
127 (1.020 %)Computer Science
136 (0.875 %)Asset Management
145 (0.729 %)Management Information System
154 (0.583 %)Exotic Derivative
163 (0.437 %)Client/Server
172 (0.292 %)PMI
172 (0.292 %)Equity Risk
Operating Systems
170 (10.20 %)Unix
259 (8.601 %)Windows
319 (2.770 %)Windows NT
411 (1.603 %)Linux
58 (1.166 %)AIX
62 (0.292 %)Solaris
Processes & Methodologies
185 (12.39 %)Risk Management
277 (11.22 %)Business Analysis
361 (8.892 %)OO
455 (8.017 %)Migration
533 (4.810 %)Workflow
632 (4.665 %)User Acceptance Testing
731 (4.519 %)Project Management
822 (3.207 %)TDD
921 (3.061 %)Change Management
1020 (2.915 %)UML
1114 (2.041 %)Agile Software Development
1114 (2.041 %)Data Migration
1210 (1.458 %)Use Case
1210 (1.458 %)Test Scripting
1210 (1.458 %)Data Modelling
1210 (1.458 %)OOD
1210 (1.458 %)GAP Analysis
137 (1.020 %)OOA/OOD
137 (1.020 %)Electronic Trading
146 (0.875 %)RAD
Programming Languages
1170 (24.78 %)C++
2140 (20.41 %)Java
3111 (16.18 %)C#
495 (13.85 %)VBA
585 (12.39 %)SQL
630 (4.373 %)JavaScript
727 (3.936 %)Perl
819 (2.770 %)Shell Script
911 (1.603 %)VB
1010 (1.458 %)VC++
119 (1.312 %)Korn
119 (1.312 %)C
125 (0.729 %)PL/SQL
132 (0.292 %)Python
Qualifications
142 (6.122 %)Degree
22 (0.292 %)PMP
22 (0.292 %)PMI Certification
31 (0.146 %)ACCA
31 (0.146 %)CIMA
31 (0.146 %)PhD
Quality Assurance & Compliance
16 (0.875 %)QA
24 (0.583 %)MiFID
31 (0.146 %)Basel II
System Software
11 (0.146 %)AquaLogic
Systems Management
114 (2.041 %)AutoSys
23 (0.437 %)CONTROL-M
Vendors
177 (11.22 %)Murex
268 (9.913 %)Oracle
358 (8.455 %)Calypso
455 (8.017 %)Sybase
516 (2.332 %)Bloomberg
610 (1.458 %)Microsoft
79 (1.312 %)TIBCO
88 (1.166 %)IBM
97 (1.020 %)ION Trading
106 (0.875 %)Tangosol
106 (0.875 %)Sophis
114 (0.583 %)Reuters
114 (0.583 %)DataSynapse
123 (0.437 %)SimCorp
123 (0.437 %)SeeBeyond
123 (0.437 %)Actuate
123 (0.437 %)Informatica
132 (0.292 %)ComponentOne
132 (0.292 %)Infragistics
132 (0.292 %)Syncfusion
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