Period
to 1 August 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 1 August 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
1 Aug 2021
Same period 2020 Same period 2019
Rank 76 99 185
Rank change year-on-year +23 +86 -76
Contract jobs citing Derivative 108 36 54
As % of all contract jobs advertised in the City of London 3.16% 1.54% 0.83%
As % of the Miscellaneous category 8.09% 4.72% 2.65%
Number of daily rates quoted 93 21 40
10th Percentile £453 £475 £485
25th Percentile £585 £563 £575
Median daily rate (50th Percentile) £625 £625 £650
Median % change year-on-year - -3.85% +0.97%
75th Percentile £713 £688 £671
90th Percentile £848 £725 £725
Central London median daily rate £625 £625 £650
% change year-on-year - -3.85% +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 1,335 763 2,037
As % of all contract IT jobs advertised in the City of London 39.07% 32.70% 31.16%
Number of daily rates quoted 946 532 1,530
10th Percentile £381 £313 £350
25th Percentile £463 £417 £445
Median daily rate (50th Percentile) £599 £525 £525
Median % change year-on-year +14.00% - -
75th Percentile £688 £625 £625
90th Percentile £750 £699 £675
Central London median daily rate £590 £525 £525
% change year-on-year +12.38% - -
Number of hourly rates quoted 22 32 44
10th Percentile £8.00 £12.45 £11.25
25th Percentile £12.38 £18.25 £13.32
Median hourly rate £25.25 £37.63 £20.67
Median % change year-on-year -32.89% +82.07% +3.33%
75th Percentile £36.69 £44.28 £37.50
90th Percentile £41.80 £47.75 £46.23
Central London median hourly rate £22.00 £37.50 £20.92
% change year-on-year -41.33% +79.30% +4.58%

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 1 August 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 1 August 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 62 (57.41%) Banking
2 55 (50.93%) Agile Software Development
2 55 (50.93%) C#
3 52 (48.15%) SQL
4 49 (45.37%) Investment Banking
5 44 (40.74%) Finance
6 41 (37.96%) .NET
7 40 (37.04%) Front Office
7 40 (37.04%) TDD
8 33 (30.56%) Azure
9 32 (29.63%) AngularJS
10 31 (28.70%) Interest Rate Derivative
10 31 (28.70%) TypeScript
11 28 (25.93%) AWS
12 27 (25.00%) Continuous Integration
12 27 (25.00%) Git (software)
13 26 (24.07%) Fixed Income
13 26 (24.07%) Visual Studio
14 21 (19.44%) Foreign Exchange (FX)
15 19 (17.59%) C++
16 18 (16.67%) DevOps
17 17 (15.74%) Python
17 17 (15.74%) Social Skills
18 16 (14.81%) Mathematics
19 14 (12.96%) Java
20 12 (11.11%) Software Engineering
21 11 (10.19%) Equities
21 11 (10.19%) JIRA
22 10 (9.26%) WPF
22 10 (9.26%) React

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 3 (2.78%) Apache Spark
2 1 (0.93%) Elasticsearch
2 1 (0.93%) Oracle Workflow
Applications
1 9 (8.33%) Microsoft Excel
2 2 (1.85%) MS Visio
3 1 (0.93%) Microsoft PowerPoint
Business Applications
1 7 (6.48%) Summit
2 3 (2.78%) Eikon
3 2 (1.85%) ION MarketView
4 1 (0.93%) Loan IQ
4 1 (0.93%) Oracle FAH
4 1 (0.93%) Oracle General Ledger
4 1 (0.93%) Oracle Subledger Accounting
4 1 (0.93%) SunGard Martini
Cloud Services
1 33 (30.56%) Azure
2 28 (25.93%) AWS
3 3 (2.78%) Power Platform
4 1 (0.93%) Amazon ECS
4 1 (0.93%) Amazon EKS
Communications & Networking
1 1 (0.93%) FIX Connectivity
1 1 (0.93%) HTTP
Database & Business Intelligence
1 4 (3.70%) Azure SQL Database
1 4 (3.70%) SQL Server
2 3 (2.78%) MS Access
2 3 (2.78%) Power BI
3 1 (0.93%) Amazon DynamoDB
3 1 (0.93%) Data Warehouse
3 1 (0.93%) NoSQL
3 1 (0.93%) PostgreSQL
3 1 (0.93%) Relational Database
3 1 (0.93%) Tableau
Development Applications
1 27 (25.00%) Git (software)
2 26 (24.07%) Visual Studio
3 11 (10.19%) JIRA
4 7 (6.48%) Bitbucket
4 7 (6.48%) Jenkins
5 2 (1.85%) TeamCity
6 1 (0.93%) Cucumber
6 1 (0.93%) Eclipse
6 1 (0.93%) Gradle
6 1 (0.93%) IntelliJ
6 1 (0.93%) Maven
6 1 (0.93%) Oracle APEX
6 1 (0.93%) Selenium
General
1 62 (57.41%) Banking
2 49 (45.37%) Investment Banking
3 44 (40.74%) Finance
4 40 (37.04%) Front Office
5 17 (15.74%) Social Skills
6 8 (7.41%) Analytical Skills
7 5 (4.63%) Financial Institution
8 4 (3.70%) Back Office
9 3 (2.78%) Retail
10 2 (1.85%) General Ledger
11 1 (0.93%) Corporate Banking
11 1 (0.93%) Organisational Skills
Job Titles
1 76 (70.37%) Developer
2 48 (44.44%) C# Developer
3 16 (14.81%) Analyst
4 10 (9.26%) Business Analyst
4 10 (9.26%) Python Developer
5 9 (8.33%) Java Developer
6 8 (7.41%) Banking Analyst
6 8 (7.41%) C++ Developer
6 8 (7.41%) Front Office Developer
6 8 (7.41%) Quantitative Developer
7 7 (6.48%) C# Developer - Commodities
7 7 (6.48%) C++/C# Developer
7 7 (6.48%) Perl Developer
7 7 (6.48%) SQL Developer
7 7 (6.48%) Summit Developer
8 6 (5.56%) VBA Developer
9 5 (4.63%) React Developer
10 4 (3.70%) Angular Developer
10 4 (3.70%) Banking Business Analyst
10 4 (3.70%) Python Engineer
Libraries, Frameworks & Software Standards
1 41 (37.96%) .NET
2 32 (29.63%) AngularJS
3 10 (9.26%) React
3 10 (9.26%) WPF
4 7 (6.48%) WCF
5 5 (4.63%) Redux
6 4 (3.70%) ASP.NET
6 4 (3.70%) Spring
6 4 (3.70%) Spring Boot
6 4 (3.70%) XSLT
7 3 (2.78%) Kafka
8 2 (1.85%) .NET Framework
8 2 (1.85%) FIX Protocol
8 2 (1.85%) LINQ
8 2 (1.85%) Middleware
8 2 (1.85%) Node.js
8 2 (1.85%) Unity DI Container
8 2 (1.85%) WebSockets
8 2 (1.85%) WinForms
8 2 (1.85%) XML
Miscellaneous
1 31 (28.70%) Interest Rate Derivative
2 26 (24.07%) Fixed Income
3 21 (19.44%) Foreign Exchange (FX)
4 11 (10.19%) Equities
5 8 (7.41%) Equity Derivative
6 7 (6.48%) Market Risk
7 5 (4.63%) Credit Derivative
8 4 (3.70%) Data Structures
8 4 (3.70%) Exotic Derivative
8 4 (3.70%) Management Information System
9 3 (2.78%) Credit Risk
9 3 (2.78%) Greenfield Project
9 3 (2.78%) OTC Derivatives
10 1 (0.93%) Hedge funds
10 1 (0.93%) N-Tier
10 1 (0.93%) Self-Motivation
10 1 (0.93%) TWAP
10 1 (0.93%) Virtual Team
10 1 (0.93%) VWAP
Operating Systems
1 6 (5.56%) Unix
2 4 (3.70%) Linux
3 1 (0.93%) Windows
Processes & Methodologies
1 55 (50.93%) Agile Software Development
2 40 (37.04%) TDD
3 27 (25.00%) Continuous Integration
4 18 (16.67%) DevOps
5 16 (14.81%) Mathematics
6 12 (11.11%) Software Engineering
7 9 (8.33%) SDLC
8 8 (7.41%) Analytics
8 8 (7.41%) BDD
8 8 (7.41%) Multithreading
8 8 (7.41%) Risk Management
9 6 (5.56%) Migration
9 6 (5.56%) Project Management
10 5 (4.63%) Electronic Trading
10 5 (4.63%) Problem-Solving
11 4 (3.70%) Asset Management
11 4 (3.70%) Data Analysis
11 4 (3.70%) Microservices
11 4 (3.70%) Physics
11 4 (3.70%) Quantitative Finance
Programming Languages
1 55 (50.93%) C#
2 52 (48.15%) SQL
3 31 (28.70%) TypeScript
4 19 (17.59%) C++
5 17 (15.74%) Python
6 14 (12.96%) Java
7 7 (6.48%) Perl
8 6 (5.56%) JavaScript
8 6 (5.56%) VBA
9 3 (2.78%) C
10 2 (1.85%) Kotlin
10 2 (1.85%) VB.NET
11 1 (0.93%) Java 11
11 1 (0.93%) Java 8
Qualifications
1 4 (3.70%) Degree
2 2 (1.85%) ACCA
3 1 (0.93%) CIMA
Quality Assurance & Compliance
1 3 (2.78%) Basel III
1 3 (2.78%) CRD IV
1 3 (2.78%) IFRS
2 2 (1.85%) QA
3 1 (0.93%) GAAP
3 1 (0.93%) PMO
System Software
1 7 (6.48%) Docker
Systems Management
1 9 (8.33%) Kubernetes
Vendors
1 9 (8.33%) Oracle
2 4 (3.70%) Microsoft
2 4 (3.70%) Sybase
3 2 (1.85%) Bloomberg
3 2 (1.85%) ION Trading
3 2 (1.85%) Murex
3 2 (1.85%) Reuters
3 2 (1.85%) Solace
4 1 (0.93%) Calypso
4 1 (0.93%) FIS
4 1 (0.93%) Refinitiv
4 1 (0.93%) SunGard