Derivative Contracts with Work from Home Options

Derivatives
UK > Work from Home

The table below looks at the prevalence of the term 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 Derivative over the 6 months to 8 May 2024 with a comparison to the same period over the previous 2 years.

6 months to
8 May 2024
Same period 2023 Same period 2022
Rank 128 237 434
Rank change year-on-year +109 +197 -119
Contract jobs citing Derivative 255 251 192
As % of all contract jobs with a WFH option 1.69% 1.00% 0.43%
As % of the Miscellaneous category 5.90% 3.17% 1.38%
Number of daily rates quoted 244 220 134
10th Percentile £591 £475 £438
25th Percentile £675 £563 £565
Median daily rate (50th Percentile) £800 £725 £700
Median % change year-on-year +10.34% +3.57% +16.67%
75th Percentile £850 £823 £788
90th Percentile £888 £900 £888
UK median daily rate £750 £731 £675
% change year-on-year +2.56% +8.33% +12.50%

All Generic Skills
Work from Home

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 4,324 7,910 13,903
As % of all contract jobs with a WFH option 28.64% 31.48% 31.44%
Number of daily rates quoted 2,949 5,561 9,934
10th Percentile £325 £363 £360
25th Percentile £431 £454 £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 £792 £750
UK median daily rate £540 £550 £550
% change year-on-year -1.82% - +10.00%
Number of hourly rates quoted 191 154 221
10th Percentile £15.50 £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 £66.38 £70.00 £57.50
90th Percentile £72.50 £85.00 £66.00
UK median hourly rate £30.58 £22.49 £27.50
% change year-on-year +36.00% -18.24% +4.90%

Derivative
Trend for Jobs with a WFH Option

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

Derivative trend for jobs with a WFH option

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 Derivative.

Derivative daily rate for jobs with a WFH option

Derivative
Daily Rate Histogram for Jobs with a WFH Option

Daily rate distribution for jobs with a work from home option citing Derivative over the 6 months to 8 May 2024.

Derivative daily rate histogram for jobs with a WFH option

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:

Application Platforms
1 79 (30.98%) Apache Airflow
2 70 (27.45%) Apache
3 4 (1.57%) Confluence
4 2 (0.78%) Microsoft Exchange
Applications
1 19 (7.45%) Microsoft Excel
2 8 (3.14%) Microsoft PowerPoint
3 4 (1.57%) Microsoft Office
3 4 (1.57%) Microsoft Project
3 4 (1.57%) MS Visio
Business Applications
1 4 (1.57%) Loan IQ
2 1 (0.39%) ION MarketView
Cloud Services
1 115 (45.10%) AWS
2 73 (28.63%) dbt
3 64 (25.10%) Snowflake
4 61 (23.92%) GCP
5 42 (16.47%) Azure
6 6 (2.35%) Azure DevOps
7 1 (0.39%) Azure Cosmos DB
7 1 (0.39%) GitHub
Communications & Networking
1 5 (1.96%) FIX Connectivity
Database & Business Intelligence
1 73 (28.63%) Amazon Athena
1 73 (28.63%) Apache Arrow
1 73 (28.63%) Dremio
2 70 (27.45%) Apache Ignite
3 64 (25.10%) Data Lake
4 14 (5.49%) SQL Server
5 4 (1.57%) Oracle Database
5 4 (1.57%) Relational Database
6 3 (1.18%) MySQL
6 3 (1.18%) PostgreSQL
7 2 (0.78%) Data Mart
8 1 (0.39%) NoSQL
8 1 (0.39%) Tableau
Development Applications
1 6 (2.35%) MLflow
2 5 (1.96%) SpecFlow
3 4 (1.57%) JIRA
3 4 (1.57%) Moq
3 4 (1.57%) TeamCity
3 4 (1.57%) Visual Studio
4 1 (0.39%) Cucumber
4 1 (0.39%) Git
4 1 (0.39%) GitLab
4 1 (0.39%) Jenkins
4 1 (0.39%) JUnit
4 1 (0.39%) Log4Net
4 1 (0.39%) Mockito
4 1 (0.39%) NUnit
4 1 (0.39%) Selenium
General
1 215 (84.31%) Finance
2 196 (76.86%) Front Office
3 162 (63.53%) Banking
4 103 (40.39%) Investment Banking
5 38 (14.90%) Back Office
6 24 (9.41%) Analytical Skills
7 18 (7.06%) Social Skills
8 6 (2.35%) Financial Institution
9 4 (1.57%) Prime Brokerage
9 4 (1.57%) Public Sector
9 4 (1.57%) Synthetic Prime Brokerage
10 2 (0.78%) International Banking
Job Titles
1 117 (45.88%) Developer
2 61 (23.92%) Senior
3 52 (20.39%) Software Engineer
4 51 (20.00%) Analyst
5 43 (16.86%) Lead
6 35 (13.73%) Python Developer
7 34 (13.33%) Financial Analyst
8 33 (12.94%) Finance Manager
9 32 (12.55%) Python Engineer
9 32 (12.55%) Python Software Engineer
10 30 (11.76%) Developer/Software Engineer
10 30 (11.76%) Java Developer
10 30 (11.76%) Senior Software Engineer
11 27 (10.59%) Front Office Developer
12 26 (10.20%) Java Engineer
12 26 (10.20%) Java Software Engineer
13 25 (9.80%) Software Developer
14 23 (9.02%) Business Analyst
14 23 (9.02%) Quantitative Developer
14 23 (9.02%) Team Leader
Libraries, Frameworks & Software Standards
1 79 (30.98%) gRPC
1 79 (30.98%) Protocol Buffers
2 77 (30.20%) Pandas
3 71 (27.84%) NumPy
3 71 (27.84%) SciPy
4 16 (6.27%) React
5 14 (5.49%) .NET
6 8 (3.14%) FIX Protocol
7 6 (2.35%) .NET Framework
7 6 (2.35%) AngularJS
7 6 (2.35%) Material-UI
7 6 (2.35%) Vue
8 4 (1.57%) CSS
8 4 (1.57%) Entity Framework
8 4 (1.57%) HTML
8 4 (1.57%) WPF
8 4 (1.57%) XML
9 3 (1.18%) ASP.NET
9 3 (1.18%) Hibernate
9 3 (1.18%) JPA
Miscellaneous
1 154 (60.39%) Hedge funds
2 124 (48.63%) Fixed Income
3 119 (46.67%) Equities
4 101 (39.61%) Foreign Exchange (FX)
5 37 (14.51%) Equity Derivative
6 16 (6.27%) Product Ownership
7 11 (4.31%) Algorithms
7 11 (4.31%) Credit Derivative
8 9 (3.53%) Distributed Systems
9 7 (2.75%) Interest Rate Derivative
10 6 (2.35%) Pricing Data
11 3 (1.18%) Greenfield Project
11 3 (1.18%) Management Information System
11 3 (1.18%) SWIFT Messaging Network
12 2 (0.78%) Data Structures
12 2 (0.78%) Market Risk
13 1 (0.39%) Fat Client
13 1 (0.39%) Self-Motivation
13 1 (0.39%) Thin Client
Operating Systems
1 5 (1.96%) Unix
2 4 (1.57%) Linux
3 1 (0.39%) Windows
Processes & Methodologies
1 145 (56.86%) Asset Management
2 127 (49.80%) Investment Management
3 121 (47.45%) Agile
4 96 (37.65%) Software Engineering
5 40 (15.69%) Mentoring
6 39 (15.29%) Analytics
7 37 (14.51%) Greeks
8 30 (11.76%) Line Management
9 23 (9.02%) Mathematics
10 18 (7.06%) Product Management
11 16 (6.27%) Quantitative Research
11 16 (6.27%) Risk Management
12 15 (5.88%) Problem-Solving
13 13 (5.10%) Computer Science
13 13 (5.10%) RAD
14 12 (4.71%) Artificial Intelligence
14 12 (4.71%) Machine Learning
14 12 (4.71%) Requirements Gathering
14 12 (4.71%) TDD
15 10 (3.92%) Low Latency
Programming Languages
1 182 (71.37%) Python
2 99 (38.82%) Java
3 86 (33.73%) JavaScript
4 80 (31.37%) SQL
5 79 (30.98%) TypeScript
6 71 (27.84%) C#
7 33 (12.94%) C++
8 22 (8.63%) R
9 12 (4.71%) Scala
10 6 (2.35%) Ruby
11 2 (0.78%) VBA
12 1 (0.39%) Rust
Qualifications
1 28 (10.98%) Degree
2 13 (5.10%) Computer Science Degree
2 13 (5.10%) Numerate Degree
3 10 (3.92%) Master's Degree
4 4 (1.57%) APMP
5 2 (0.78%) PhD
Quality Assurance & Compliance
1 34 (13.33%) Data Quality
2 9 (3.53%) QA
3 5 (1.96%) MiFID
4 4 (1.57%) PMO
5 3 (1.18%) EMIR
6 2 (0.78%) SEPA
Systems Management
1 2 (0.78%) Ansible
Vendors
1 21 (8.24%) Bloomberg
2 8 (3.14%) Oracle
3 6 (2.35%) Databricks
4 5 (1.96%) ION Trading
4 5 (1.96%) MarketAxess
4 5 (1.96%) Tradeweb
5 4 (1.57%) Microsoft
6 3 (1.18%) Murex
7 2 (0.78%) Calypso
7 2 (0.78%) Reuters
8 1 (0.39%) IBM
8 1 (0.39%) Informatica