Period
to 17 December 2017

The table below looks at the prevalence of the term Algorithms in contract job vacancies advertised in the City of London. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Algorithms over the 6 months to 17 December 2017 with a comparison to the same period over the previous 2 years.

Note that daily and hourly rates are treated separately in these statistics. When calculating contractor rate percentiles, daily rates are never derived from quoted hourly rates or vice versa.

Algorithms
Central London > City of London
6 months to
17 Dec 2017
Same period 2016 Same period 2015
Rank 156 175 200
Rank change year-on-year +19 +25 +33
Contract jobs citing Algorithms 97 63 60
As % of all contract IT jobs advertised in the City of London 1.36% 0.97% 0.72%
As % of the Miscellaneous category 3.14% 2.41% 1.80%
Number of daily rates quoted 83 53 56
City of London median daily rate £625 £575 £550
Median daily rate % change year-on-year +8.70% +4.55% -
10th Percentile £463 £403 £360
90th Percentile £813 £688 £775
Central London median daily rate £625 £588 £558
% change year-on-year +6.38% +5.38% +1.36%
Number of hourly rates quoted 0 0 0
City of London median hourly rate - - -
Central London median hourly rate - - -

Algorithms is in the Generic IT Skills category. The following table is for comparison with the above and provides summary statistics for all contract job vacancies advertised in the City of London with a requirement for generic IT skills.

All Generic IT Skills
City of London
Contract vacancies with a requirement for generic IT skills 3085 2617 3328
As % of all contract IT jobs advertised in the City of London 43.17% 40.32% 40.14%
Number of daily rates quoted 2429 2002 2631
City of London median daily rate £525 £475 £475
Median daily rate % change year-on-year +10.53% - +5.56%
10th Percentile £320 £313 £275
90th Percentile £725 £675 £669
Central London median daily rate £525 £475 £475
% change year-on-year +10.53% - +5.56%
Number of hourly rates quoted 37 29 46
City of London median hourly rate £22.50 £19.00 £19.50
Median hourly rate % change year-on-year +18.42% -2.56% +11.43%
10th Percentile £13.19 £12.56 £12.00
90th Percentile £33.69 £55.00 £26.50
Central London median hourly rate £21.62 £18.45 £19.50
% change year-on-year +17.18% -5.38% +11.43%

Algorithms
Job Vacancy Trend in the City of London

Job postings citing Algorithms as a percentage of all IT jobs advertised in the City of London.

Job vacancy trend for Algorithms in the City of London

Algorithms
Contractor Daily Rate Trend in the City of London

This chart provides the 3-month moving average for daily rates quoted in contract jobs citing Algorithms in the City of London.

Contractor daily rate trend for Algorithms in the City of London

Algorithms
Contractor Daily Rate Histogram in the City of London

The daily rate distribution of IT jobs citing Algorithms in the City of London over the 6 months to 17 December 2017.

Contractor daily rate histogram for Algorithms in the City of London

Algorithms
Contractor Hourly Rate Trend in the City of London

This chart provides the 3-month moving average for contractor hourly rates quoted in IT jobs citing Algorithms in the City of London.

Contractor hourly rate trend for Algorithms in the City of London

For the 6 months to 17 December 2017, IT contractor jobs citing Algorithms also mentioned the following skills in order of popularity. The figures indicate the number co-occurrences and its proportion to all contract ads across the City of London region with a requirement for Algorithms.

1 56 (57.73%) Data Structures
2 40 (41.24%) Degree
3 38 (39.18%) Java
4 34 (35.05%) TDD
5 33 (34.02%) OO
6 32 (32.99%) C#
6 32 (32.99%) Computer Science
7 31 (31.96%) Agile Software Development
7 31 (31.96%) Multithreading
8 30 (30.93%) SQL
9 29 (29.90%) .NET
9 29 (29.90%) Front Office
10 25 (25.77%) SQL Server
11 23 (23.71%) C++
11 23 (23.71%) Linux
11 23 (23.71%) OOP
12 22 (22.68%) Python
13 20 (20.62%) OOD
13 20 (20.62%) Finance
13 20 (20.62%) WPF
13 20 (20.62%) Low Latency
14 19 (19.59%) T-SQL
15 18 (18.56%) WCF
15 18 (18.56%) Algorithmic Trading
15 18 (18.56%) WinForms
15 18 (18.56%) Analytical Skills
16 17 (17.53%) Scala
16 17 (17.53%) Amazon AWS
16 17 (17.53%) Software Engineering
16 17 (17.53%) Foreign Exchange (FX)

Algorithms
Co-occurring IT Skills in the City of London by Category

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

Application Platforms
1 13 (13.40%) Apache Spark
2 5 (5.15%) Apache
3 4 (4.12%) Apache Pig
4 2 (2.06%) Tomcat
5 1 (1.03%) Elasticsearch
5 1 (1.03%) GemFire
5 1 (1.03%) IPython
5 1 (1.03%) Jupyter
5 1 (1.03%) SAS
Applications
1 2 (2.06%) Microsoft Office
2 1 (1.03%) SPSS
Cloud Services
1 17 (17.53%) Amazon AWS
2 6 (6.19%) Microsoft Azure
3 3 (3.09%) AWS CloudFormation
4 2 (2.06%) Cloud Computing
5 1 (1.03%) Amazon EC2
5 1 (1.03%) GitHub
Communications & Networking
1 4 (4.12%) Internet
2 3 (3.09%) Kerberos
2 3 (3.09%) SSH
2 3 (3.09%) SSL
3 2 (2.06%) HTTP
3 2 (2.06%) snoop
Database & Business Intelligence
1 25 (25.77%) SQL Server
2 14 (14.43%) Big Data
3 12 (12.37%) Hadoop
4 8 (8.25%) Apache Hive
5 7 (7.22%) KDB
6 4 (4.12%) Redis
7 3 (3.09%) Apache Cassandra
8 2 (2.06%) Flink
8 2 (2.06%) HBase
8 2 (2.06%) RDBMS
8 2 (2.06%) Relational Database
9 1 (1.03%) Amazon RDS
9 1 (1.03%) Data Lake
9 1 (1.03%) Data Mining
9 1 (1.03%) Impala
9 1 (1.03%) InterSystems Cache
9 1 (1.03%) MySQL
9 1 (1.03%) PostgreSQL
9 1 (1.03%) Presto
9 1 (1.03%) Text Mining
Development Applications
1 8 (8.25%) Grunt
1 8 (8.25%) gulp
2 6 (6.19%) Subversion
3 5 (5.15%) Git (software)
3 5 (5.15%) Jasmine
3 5 (5.15%) Jenkins
3 5 (5.15%) PhantomJS
3 5 (5.15%) webpack
4 3 (3.09%) Moq
4 3 (3.09%) NUnit
5 2 (2.06%) GoCD
5 2 (2.06%) JIRA
5 2 (2.06%) LINQPad
5 2 (2.06%) ReSharper
5 2 (2.06%) Vagrant
6 1 (1.03%) MSBuild
6 1 (1.03%) Talend Open Studio
6 1 (1.03%) TestNG
6 1 (1.03%) Visual Studio Team System
6 1 (1.03%) Xcode
General
1 29 (29.90%) Front Office
2 20 (20.62%) Finance
3 14 (14.43%) Banking
4 7 (7.22%) Investment Banking
5 5 (5.15%) Legal
6 4 (4.12%) Marketing
7 2 (2.06%) Advertising
7 2 (2.06%) Law
7 2 (2.06%) Retail
8 1 (1.03%) Automotive
8 1 (1.03%) Telecoms
Job Titles
1 74 (76.29%) Developer
2 28 (28.87%) C# Developer
3 14 (14.43%) Algorithmic Trading Developer
4 13 (13.40%) WPF Developer
5 11 (11.34%) .NET Developer
5 11 (11.34%) C# WPF Developer
5 11 (11.34%) Data Scientist
5 11 (11.34%) Java Developer
6 9 (9.28%) C# .NET Developer
6 9 (9.28%) Scala Developer
7 5 (5.15%) Front End Developer (Client-Side Developer)
7 5 (5.15%) Full Stack Developer
7 5 (5.15%) Senior Developer
8 4 (4.12%) Agile C# Developer
8 4 (4.12%) Agile Developer
8 4 (4.12%) C++ Developer
8 4 (4.12%) Java Developer - Algorithmic Trading
8 4 (4.12%) Low Latency Java Developer
9 3 (3.09%) Security Engineer
9 3 (3.09%) Senior C# Developer
Libraries, Frameworks & Software Standards
1 29 (29.90%) .NET
2 20 (20.62%) WPF
3 18 (18.56%) WCF
3 18 (18.56%) WinForms
4 15 (15.46%) Web Services
5 9 (9.28%) React
6 7 (7.22%) AngularJS
6 7 (7.22%) FIX Protocol
6 7 (7.22%) Kafka
7 6 (6.19%) CSS
7 6 (6.19%) HTML
7 6 (6.19%) Natural Language Processing
7 6 (6.19%) REST
8 5 (5.15%) Jest
8 5 (5.15%) LESS
8 5 (5.15%) Sass
9 4 (4.12%) Akka
9 4 (4.12%) HTML5
9 4 (4.12%) RabbitMQ
9 4 (4.12%) TensorFlow
Miscellaneous
1 56 (57.73%) Data Structures
2 32 (32.99%) Computer Science
3 18 (18.56%) Analytical Skills
4 17 (17.53%) Foreign Exchange (FX)
5 16 (16.49%) Hedge funds
6 5 (5.15%) Mobile App
6 5 (5.15%) User Experience
7 3 (3.09%) Equities
7 3 (3.09%) Private Cloud
8 2 (2.06%) CUDA
8 2 (2.06%) Derivative
8 2 (2.06%) Greenfield Project
8 2 (2.06%) Linked Data
8 2 (2.06%) Linux Command Line
8 2 (2.06%) Semantic Web
9 1 (1.03%) Grid Computing
9 1 (1.03%) Life Science
9 1 (1.03%) Market Risk
9 1 (1.03%) Reference Data
9 1 (1.03%) Social Network
Operating Systems
1 23 (23.71%) Linux
2 3 (3.09%) Windows
3 2 (2.06%) Ubuntu
4 1 (1.03%) Apple iOS
4 1 (1.03%) Unix
Processes & Methodologies
1 34 (35.05%) TDD
2 33 (34.02%) OO
3 31 (31.96%) Agile Software Development
3 31 (31.96%) Multithreading
4 23 (23.71%) OOP
5 20 (20.62%) Low Latency
5 20 (20.62%) OOD
6 18 (18.56%) Algorithmic Trading
7 17 (17.53%) Software Engineering
8 15 (15.46%) Machine Learning
9 14 (14.43%) Market Making
10 11 (11.34%) FX Algorithmic Trading
11 9 (9.28%) Build Automation
11 9 (9.28%) Pair Programming
12 8 (8.25%) Continuous Integration
13 7 (7.22%) Mathematics
14 6 (6.19%) E-Commerce
14 6 (6.19%) Risk Management
15 5 (5.15%) Unit Testing
15 5 (5.15%) Validation
Programming Languages
1 38 (39.18%) Java
2 32 (32.99%) C#
3 30 (30.93%) SQL
4 23 (23.71%) C++
5 22 (22.68%) Python
6 19 (19.59%) T-SQL
7 17 (17.53%) Scala
8 11 (11.34%) JavaScript
9 4 (4.12%) R
10 3 (3.09%) ES6
11 2 (2.06%) Bash Shell
11 2 (2.06%) C
11 2 (2.06%) F#
11 2 (2.06%) Shell Script
11 2 (2.06%) SPARQL
12 1 (1.03%) Apple Swift
12 1 (1.03%) Julia
12 1 (1.03%) Perl
Qualifications
1 40 (41.24%) Degree
2 14 (14.43%) PhD
3 6 (6.19%) Computer Science Degree
4 3 (3.09%) CISSP
5 2 (2.06%) Microsoft Certification
6 1 (1.03%) Numerate Degree
Quality Assurance & Compliance
1 3 (3.09%) GDPR
2 2 (2.06%) QA
3 1 (1.03%) Data Quality
3 1 (1.03%) MiFID
System Software
1 10 (10.31%) Docker
2 3 (3.09%) Active Directory
2 3 (3.09%) Apache ZooKeeper
2 3 (3.09%) etcd
2 3 (3.09%) Varnish
3 2 (2.06%) Apache Flume
4 1 (1.03%) HDFS
Systems Management
1 6 (6.19%) Opscode Chef
2 3 (3.09%) Ansible
2 3 (3.09%) Consul
2 3 (3.09%) Terraform
3 1 (1.03%) Kubernetes
3 1 (1.03%) Puppet
Vendors
1 3 (3.09%) Hortonworks
1 3 (3.09%) Microsoft
1 3 (3.09%) Typemock
2 2 (2.06%) DevExpress
2 2 (2.06%) IBM
2 2 (2.06%) Infragistics
2 2 (2.06%) RedGate
2 2 (2.06%) Solace
2 2 (2.06%) Syncfusion
2 2 (2.06%) Telerik
3 1 (1.03%) Facebook
3 1 (1.03%) Google
3 1 (1.03%) Talend
3 1 (1.03%) TIBCO