Credit Derivative Contracts with Work from Home Options

Credit Derivatives
UK > Work from Home

The table below looks at the prevalence of the term Credit Derivative in contract job vacancies with an option to work from home (WFH). Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Credit Derivative over the 6 months to 9 May 2024 with a comparison to the same period over the previous 2 years.

6 months to
9 May 2024
Same period 2023 Same period 2022
Rank 317 436 606
Rank change year-on-year +119 +170 -
Contract jobs citing Credit Derivative 24 32 9
As % of all contract jobs with a WFH option 0.16% 0.13% 0.021%
As % of the Miscellaneous category 0.55% 0.41% 0.065%
Number of daily rates quoted 24 32 8
10th Percentile £779 £689 £569
25th Percentile £788 £725 £663
Median daily rate (50th Percentile) £850 £750 £750
Median % change year-on-year +13.33% - -
75th Percentile £922 - £775
90th Percentile £950 £775 £790
UK median daily rate £850 £750 £650
% change year-on-year +13.33% +15.38% -5.45%

All Generic Skills
Work from Home

Credit Derivative is in the General and Transferable Skills category. The following table is for comparison with the above and provides summary statistics for all contract job vacancies with a WFH option and a requirement for generic IT skills.

Contract vacancies with a requirement for generic IT skills 4,326 7,897 13,802
As % of all contract jobs with a WFH option 28.70% 31.48% 31.46%
Number of daily rates quoted 2,958 5,553 9,859
10th Percentile £325 £363 £360
25th Percentile £431 £455 £438
Median daily rate (50th Percentile) £550 £550 £540
Median % change year-on-year - +1.85% +9.09%
75th Percentile £675 £684 £650
90th Percentile £800 £793 £750
UK median daily rate £540 £550 £550
% change year-on-year -1.82% - +10.00%
Number of hourly rates quoted 190 154 221
10th Percentile £15.49 £19.00 £12.21
25th Percentile £25.50 £25.75 £20.75
Median hourly rate £51.00 £55.00 £44.50
Median % change year-on-year -7.27% +23.60% +28.99%
75th Percentile £66.94 £70.00 £57.50
90th Percentile £72.50 £85.00 £66.00
UK median hourly rate £31.13 £22.49 £27.50
% change year-on-year +38.43% -18.24% +4.05%

Credit Derivative
Trend for Jobs with a WFH Option

Job vacancies with a work from home option citing Credit Derivative as a proportion of all IT jobs advertised.

Credit Derivative trend for jobs with a WFH option

Credit Derivative
Daily Rate Trend for Jobs with a WFH Option

3-month moving average daily rate quoted in job vacancies with a work from home option citing Credit Derivative.

Credit Derivative daily rate for jobs with a WFH option

Credit Derivative
Daily Rate Histogram for Jobs with a WFH Option

Daily rate distribution for jobs with a work from home option citing Credit Derivative over the 6 months to 9 May 2024.

Credit Derivative daily rate histogram for jobs with a WFH option

Credit Derivative
Co-occurring Skills and Capabilities with WFH Options by Category

The follow tables expand on the table above by listing co-occurrences grouped by category. The same employment type, locality and period is covered with up to 20 co-occurrences shown in each of the following categories:

Cloud Services
1 5 (20.83%) AWS
2 2 (8.33%) Azure
2 2 (8.33%) GCP
Database & Business Intelligence
1 4 (16.67%) MySQL
1 4 (16.67%) Oracle Database
Development Applications
1 12 (50.00%) Cucumber
1 12 (50.00%) GitLab
1 12 (50.00%) Jenkins
1 12 (50.00%) JUnit
1 12 (50.00%) Mockito
General
1 20 (83.33%) Finance
2 15 (62.50%) Front Office
3 6 (25.00%) Analytical Skills
Job Titles
1 20 (83.33%) Developer
2 16 (66.67%) Java Developer
3 12 (50.00%) Senior
3 12 (50.00%) Senior Developer
3 12 (50.00%) Senior Java Developer
4 4 (16.67%) Analyst
4 4 (16.67%) Core Java Developer
4 4 (16.67%) Credit Analyst
4 4 (16.67%) DBA
4 4 (16.67%) MySQL DBA
4 4 (16.67%) MySQL Developer
4 4 (16.67%) Oracle DBA
4 4 (16.67%) Oracle Developer
4 4 (16.67%) Qualitative Analyst
4 4 (16.67%) Quantitative Analyst
4 4 (16.67%) Quantitative Developer
5 2 (8.33%) Python Developer
Libraries, Frameworks & Software Standards
1 15 (62.50%) Spring Boot
2 4 (16.67%) ActiveMQ
2 4 (16.67%) Hibernate
2 4 (16.67%) JPA
3 3 (12.50%) Spring
Miscellaneous
1 11 (45.83%) Derivative
2 6 (25.00%) Hedge funds
3 4 (16.67%) Management Information System
4 2 (8.33%) Fixed Income
4 2 (8.33%) Greenfield Project
Processes & Methodologies
1 12 (50.00%) CI/CD
1 12 (50.00%) DevOps
1 12 (50.00%) SDLC
2 6 (25.00%) Analytical Modelling
2 6 (25.00%) Mathematics
2 6 (25.00%) Model Validation
2 6 (25.00%) Physics
2 6 (25.00%) Quantitative Finance
2 6 (25.00%) Statistics
3 2 (8.33%) Agile
3 2 (8.33%) Asset Management
3 2 (8.33%) Electronic Trading
3 2 (8.33%) Investment Management
3 2 (8.33%) Quantitative Research
3 2 (8.33%) Scrum
3 2 (8.33%) Software Engineering
Programming Languages
1 16 (66.67%) Java
2 8 (33.33%) Python
3 6 (25.00%) C++
3 6 (25.00%) R
Qualifications
1 6 (25.00%) Degree
1 6 (25.00%) Numerate Degree
Systems Management
1 3 (12.50%) Ansible
Vendors
1 4 (16.67%) IBM
1 4 (16.67%) Oracle