Period
to 23 April 2021

The table below looks at the prevalence of the term Derivative 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 Derivative over the 6 months to 23 April 2021 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.

Derivatives
Central London > City of London
6 months to
23 Apr 2021
Same period 2020 Same period 2019
Rank 74 125 170
Rank change year-on-year +51 +45 -58
Contract jobs citing Derivative 74 43 78
As % of all contract jobs advertised in the City of London 2.92% 1.13% 1.16%
As % of the Miscellaneous category 7.39% 3.20% 3.12%
Number of daily rates quoted 51 37 61
Median daily rate (50th Percentile) £613 £600 £650
Median % change year-on-year +2.08% -7.69% +4.00%
Central London median daily rate £606 £600 £650
% change year-on-year +1.04% -7.69% +4.00%

Derivative 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 1,001 1,343 2,500
As % of all contract IT jobs advertised in the City of London 39.52% 35.25% 37.24%
Number of daily rates quoted 694 975 1,849
10th Percentile £341 £276 £313
25th Percentile £436 £413 £425
Median daily rate (50th Percentile) £550 £520 £525
Median % change year-on-year +5.77% -0.95% -
75th Percentile £650 £625 £625
90th Percentile £725 £694 £688
Central London median daily rate £550 £500 £525
% change year-on-year +10.00% -4.76% +1.94%
Number of hourly rates quoted 12 45 44
10th Percentile £11.59 £12.42 £12.58
25th Percentile £12.38 £14.38 £16.19
Median hourly rate £16.03 £25.00 £18.98
Median % change year-on-year -35.90% +31.75% -11.18%
75th Percentile £23.75 £38.75 £33.13
90th Percentile £36.13 £52.25 £37.50
Central London median hourly rate £18.99 £25.00 £20.00
% change year-on-year -24.05% +25.00% -4.76%

Derivative
Job Vacancy Trend in the City of London

Job postings citing Derivative as a proportion of all IT jobs advertised in the City of London.

Job vacancy trend for Derivative in the City of London

Derivative
Contractor Daily Rate Trend in the City of London

3-month moving average daily rate quoted in jobs citing Derivative in the City of London.

Daily rate trend for Derivative in the City of London

Derivative
Daily Rate Histogram in the City of London

Daily rate distribution for jobs citing Derivative in the City of London over the 6 months to 23 April 2021.

Daily rate histogram for Derivative in the City of London

Derivative
Contractor Hourly Rate Trend in the City of London

3-month moving average hourly rates quoted in jobs citing Derivative in the City of London.

Hourly rate trend for Derivative in the City of London

For the 6 months to 23 April 2021, IT contractor jobs citing Derivative also mentioned the following skills in order of popularity. The figures indicate the absolute number co-occurrences and as a proportion of all contract job ads across the City of London region with a requirement for Derivative.

1 35 (47.30%) Agile Software Development
2 33 (44.59%) SQL
3 30 (40.54%) Finance
4 29 (39.19%) Front Office
5 25 (33.78%) Fixed Income
6 24 (32.43%) C#
6 24 (32.43%) Banking
7 20 (27.03%) Foreign Exchange (FX)
8 17 (22.97%) Python
9 15 (20.27%) .NET
9 15 (20.27%) TDD
10 13 (17.57%) Investment Banking
10 13 (17.57%) C++
10 13 (17.57%) DevOps
11 12 (16.22%) Risk Management
12 10 (13.51%) Java
12 10 (13.51%) Equities
12 10 (13.51%) TypeScript
12 10 (13.51%) Analytical Skills
12 10 (13.51%) Azure
12 10 (13.51%) AngularJS
13 9 (12.16%) Analytics
13 9 (12.16%) Git (software)
13 9 (12.16%) BDD
13 9 (12.16%) Interest Rate Derivative
14 8 (10.81%) JIRA
15 7 (9.46%) AWS
15 7 (9.46%) Jenkins
15 7 (9.46%) Bitbucket
15 7 (9.46%) Summit

Derivative
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 1 (1.35%) Apache Spark
Applications
1 7 (9.46%) Microsoft Excel
2 1 (1.35%) Microsoft PowerPoint
2 1 (1.35%) MS Visio
Business Applications
1 7 (9.46%) Summit
2 4 (5.41%) FINCAD Analytics
3 2 (2.70%) Eikon
3 2 (2.70%) ION MarketView
4 1 (1.35%) Loan IQ
Cloud Services
1 10 (13.51%) Azure
2 7 (9.46%) AWS
3 1 (1.35%) Power Platform
Communications & Networking
1 1 (1.35%) FIX Connectivity
Database & Business Intelligence
1 3 (4.05%) MS Access
1 3 (4.05%) Oracle Database
2 1 (1.35%) Azure SQL Database
2 1 (1.35%) Data Warehouse
2 1 (1.35%) PostgreSQL
2 1 (1.35%) Power BI
2 1 (1.35%) Tableau
Development Applications
1 9 (12.16%) Git (software)
2 8 (10.81%) JIRA
3 7 (9.46%) Bitbucket
3 7 (9.46%) Jenkins
4 6 (8.11%) Visual Studio
5 3 (4.05%) Maven
6 2 (2.70%) Robot Framework
7 1 (1.35%) Cucumber
7 1 (1.35%) Eclipse
7 1 (1.35%) Gradle
7 1 (1.35%) IntelliJ
7 1 (1.35%) Selenium
7 1 (1.35%) TeamCity
General
1 30 (40.54%) Finance
2 29 (39.19%) Front Office
3 24 (32.43%) Banking
4 13 (17.57%) Investment Banking
5 4 (5.41%) Financial Institution
6 3 (4.05%) Back Office
6 3 (4.05%) Retail
7 1 (1.35%) Advertising
7 1 (1.35%) Corporate Banking
7 1 (1.35%) General Ledger
Job Titles
1 42 (56.76%) Developer
2 20 (27.03%) Analyst
2 20 (27.03%) C# Developer
3 11 (14.86%) Business Analyst
4 9 (12.16%) Python Developer
5 8 (10.81%) C++ Developer
5 8 (10.81%) Qualitative Analyst
5 8 (10.81%) Quantitative Analyst
6 7 (9.46%) C++/C# Developer
6 7 (9.46%) Front Office Developer
6 7 (9.46%) Perl Developer
6 7 (9.46%) SQL Developer
6 7 (9.46%) Summit Developer
7 6 (8.11%) Banking Analyst
8 5 (6.76%) Java Developer
8 5 (6.76%) Quantitative Developer
9 4 (5.41%) Banking Business Analyst
9 4 (5.41%) Project Manager
9 4 (5.41%) Python Developer - Fintech
9 4 (5.41%) Report Analyst
Libraries, Frameworks & Software Standards
1 15 (20.27%) .NET
2 10 (13.51%) AngularJS
3 6 (8.11%) WPF
4 5 (6.76%) WCF
5 4 (5.41%) Spring
6 3 (4.05%) Hibernate
6 3 (4.05%) React
7 2 (2.70%) FIX Protocol
7 2 (2.70%) Middleware
7 2 (2.70%) Redux
8 1 (1.35%) ASP.NET
8 1 (1.35%) Enzyme
8 1 (1.35%) Jest
8 1 (1.35%) Kafka
8 1 (1.35%) LINQ
8 1 (1.35%) Node.js
8 1 (1.35%) Reactive Extensions
8 1 (1.35%) Spring Boot
8 1 (1.35%) STL
8 1 (1.35%) WinForms
Miscellaneous
1 25 (33.78%) Fixed Income
2 20 (27.03%) Foreign Exchange (FX)
3 10 (13.51%) Analytical Skills
3 10 (13.51%) Equities
4 9 (12.16%) Interest Rate Derivative
5 7 (9.46%) Market Risk
6 6 (8.11%) Equity Derivative
7 5 (6.76%) Energy Derivatives
7 5 (6.76%) Management Information System
7 5 (6.76%) OTC Derivatives
8 3 (4.05%) Data Structures
8 3 (4.05%) Virtual Team
9 1 (1.35%) Credit Derivative
9 1 (1.35%) Greenfield Project
9 1 (1.35%) Hedge funds
9 1 (1.35%) Self-Motivation
9 1 (1.35%) TWAP
9 1 (1.35%) VWAP
Operating Systems
1 2 (2.70%) Linux
1 2 (2.70%) Unix
Processes & Methodologies
1 35 (47.30%) Agile Software Development
2 15 (20.27%) TDD
3 13 (17.57%) DevOps
4 12 (16.22%) Risk Management
5 9 (12.16%) Analytics
5 9 (12.16%) BDD
6 7 (9.46%) Electronic Trading
7 6 (8.11%) Continuous Integration
7 6 (8.11%) Mathematics
7 6 (8.11%) Project Management
7 6 (8.11%) Software Engineering
8 5 (6.76%) Data Analysis
8 5 (6.76%) Problem-Solving
9 4 (5.41%) Fintech
9 4 (5.41%) Multithreading
9 4 (5.41%) Physics
10 3 (4.05%) Low Latency
10 3 (4.05%) Open Source
10 3 (4.05%) SDLC
10 3 (4.05%) Stakeholder Engagement
Programming Languages
1 33 (44.59%) SQL
2 24 (32.43%) C#
3 17 (22.97%) Python
4 13 (17.57%) C++
5 10 (13.51%) Java
5 10 (13.51%) TypeScript
6 7 (9.46%) Perl
7 3 (4.05%) Haskell
8 2 (2.70%) JavaScript
8 2 (2.70%) VBA
9 1 (1.35%) Kotlin
Qualifications
1 4 (5.41%) Degree
2 1 (1.35%) ACCA
Quality Assurance & Compliance
1 3 (4.05%) QA
2 2 (2.70%) EMIR
2 2 (2.70%) IFRS
2 2 (2.70%) MiFID
3 1 (1.35%) Basel III
3 1 (1.35%) CRD IV
3 1 (1.35%) PMO
System Software
1 1 (1.35%) Docker
Systems Management
1 2 (2.70%) Kubernetes
Vendors
1 5 (6.76%) Oracle
2 2 (2.70%) Bloomberg
2 2 (2.70%) ION Trading
2 2 (2.70%) Microsoft
2 2 (2.70%) Reuters
2 2 (2.70%) Solace
3 1 (1.35%) DevExpress