Period
to

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 17 May 2022 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
17 May 2022
Same period 2021 Same period 2020
Rank 117 79 125
Rank change year-on-year -38 +46 +46
Contract jobs citing Derivative 68 84 35
As % of all contract jobs advertised in the City of London 1.62% 3.04% 1.05%
As % of the Miscellaneous category 4.81% 7.94% 3.30%
Number of daily rates quoted 46 63 30
10th Percentile £513 £470 £470
25th Percentile £574 £554 £508
Median daily rate (50th Percentile) £688 £613 £604
Median % change year-on-year +12.29% +1.45% -7.12%
75th Percentile £750 £700 £688
90th Percentile £831 £774 £738
Central London median daily rate £688 £613 £604
% change year-on-year +12.29% +1.45% -7.12%

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 advertised in the City of London with a requirement for generic IT skills.

All Generic Skills
City of London
Contract vacancies with a requirement for generic IT skills 1,415 1,058 1,061
As % of all contract IT jobs advertised in the City of London 33.70% 38.29% 31.91%
Number of daily rates quoted 1,021 720 770
10th Percentile £413 £340 £300
25th Percentile £500 £450 £413
Median daily rate (50th Percentile) £580 £550 £523
Median % change year-on-year +5.45% +5.26% -0.48%
75th Percentile £700 £650 £625
90th Percentile £808 £725 £688
Central London median daily rate £575 £550 £500
% change year-on-year +4.55% +10.00% -4.76%
Number of hourly rates quoted 28 15 39
10th Percentile £18.50 £8.00 £12.42
25th Percentile £37.00 £9.75 £14.50
Median hourly rate £46.50 £14.08 £27.18
Median % change year-on-year +230.37% -48.21% +41.17%
75th Percentile £59.50 £31.63 £41.48
90th Percentile £63.48 £40.70 £52.40
Central London median hourly rate £46.50 £17.98 £27.50
% change year-on-year +158.69% -34.64% +41.94%

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 17 May 2022.

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 17 May 2022, 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 (51.47%) Finance
2 31 (45.59%) Banking
3 26 (38.24%) Front Office
4 24 (35.29%) SQL
5 20 (29.41%) Python
5 20 (29.41%) Foreign Exchange (FX)
5 20 (29.41%) Investment Banking
6 18 (26.47%) Java
7 17 (25.00%) Agile
8 16 (23.53%) Analytics
8 16 (23.53%) Social Skills
9 13 (19.12%) C#
9 13 (19.12%) Linux
10 12 (17.65%) User Acceptance Testing
10 12 (17.65%) AWS
11 11 (16.18%) Fintech
11 11 (16.18%) Equities
11 11 (16.18%) SQL Server
12 10 (14.71%) C++
12 10 (14.71%) Electronic Trading
13 9 (13.24%) Computer Science
13 9 (13.24%) Windows
13 9 (13.24%) Problem-Solving
14 8 (11.76%) DevOps
14 8 (11.76%) Azure
14 8 (11.76%) NoSQL
14 8 (11.76%) Risk Management
14 8 (11.76%) Management Information System
14 8 (11.76%) JIRA
15 7 (10.29%) Mathematics

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 5 (7.35%) Apache Airflow
1 5 (7.35%) Apache Spark
1 5 (7.35%) Luigi
2 1 (1.47%) IIS
Applications
1 5 (7.35%) MS Visio
2 2 (2.94%) Microsoft Excel
3 1 (1.47%) Microsoft Office
3 1 (1.47%) Microsoft PowerPoint
3 1 (1.47%) Microsoft Project
3 1 (1.47%) Spreadsheet
Business Applications
1 1 (1.47%) Bloomberg TOMS
Cloud Services
1 12 (17.65%) AWS
2 8 (11.76%) Azure
3 5 (7.35%) Amazon EC2
3 5 (7.35%) Amazon EMR
3 5 (7.35%) Amazon SQS
3 5 (7.35%) GCP
Communications & Networking
1 1 (1.47%) TCP/IP
Database & Business Intelligence
1 11 (16.18%) SQL Server
2 8 (11.76%) NoSQL
3 7 (10.29%) Big Data
4 5 (7.35%) Amazon Athena
4 5 (7.35%) Amazon RDS
4 5 (7.35%) Amazon Redshift
4 5 (7.35%) Apache Cassandra
4 5 (7.35%) Hadoop
4 5 (7.35%) MySQL
4 5 (7.35%) Presto
5 2 (2.94%) Couchbase
5 2 (2.94%) Data Warehouse
5 2 (2.94%) Oracle Database
5 2 (2.94%) SQL Server Integration Services
6 1 (1.47%) Azure SQL Data Warehouse
6 1 (1.47%) ClickHouse
6 1 (1.47%) Tableau
Development Applications
1 8 (11.76%) JIRA
2 3 (4.41%) TeamCity
3 2 (2.94%) Bitbucket
3 2 (2.94%) Visual Studio
4 1 (1.47%) FitNesse
4 1 (1.47%) Git (software)
4 1 (1.47%) JUnit
4 1 (1.47%) SpecFlow
4 1 (1.47%) Team Foundation Server
General
1 35 (51.47%) Finance
2 31 (45.59%) Banking
3 26 (38.24%) Front Office
4 20 (29.41%) Investment Banking
5 16 (23.53%) Social Skills
6 5 (7.35%) Analytical Skills
6 5 (7.35%) Back Office
7 4 (5.88%) International Banking
8 2 (2.94%) Advertising
8 2 (2.94%) Legal
9 1 (1.47%) Financial Institution
9 1 (1.47%) Presentation Skills
9 1 (1.47%) Prime Brokerage
9 1 (1.47%) Synthetic Prime Brokerage
Job Titles
1 37 (54.41%) Developer
2 23 (33.82%) Analyst
3 13 (19.12%) Business Analyst
4 10 (14.71%) Python Developer
5 8 (11.76%) Java Developer
6 7 (10.29%) Front Office Developer
6 7 (10.29%) Python Developer - Fintech
6 7 (10.29%) Quantitative Developer
7 5 (7.35%) Applications Support
7 5 (7.35%) Applications Support Analyst
7 5 (7.35%) Big Data Engineer
7 5 (7.35%) Data Engineer
7 5 (7.35%) Hadoop Engineer
7 5 (7.35%) Qualitative Analyst
7 5 (7.35%) Quantitative Analyst
7 5 (7.35%) Support Analyst
8 4 (5.88%) Analyst Developer
8 4 (5.88%) C# Developer
8 4 (5.88%) C++ Developer
8 4 (5.88%) Report Analyst
Libraries, Frameworks & Software Standards
1 7 (10.29%) SQLAlchemy
1 7 (10.29%) XML
2 6 (8.82%) FIX Protocol
2 6 (8.82%) Murex Flex
3 5 (7.35%) .NET
3 5 (7.35%) Kafka
4 3 (4.41%) AngularJS
4 3 (4.41%) React
5 2 (2.94%) HTML
5 2 (2.94%) REST
5 2 (2.94%) Spring Boot
5 2 (2.94%) WCF
5 2 (2.94%) WinForms
5 2 (2.94%) WPF
5 2 (2.94%) XSLT
6 1 (1.47%) .NET Core
6 1 (1.47%) .NET Framework
6 1 (1.47%) Middleware
6 1 (1.47%) Rendezvous
6 1 (1.47%) Spring
Miscellaneous
1 20 (29.41%) Foreign Exchange (FX)
2 11 (16.18%) Equities
3 8 (11.76%) Management Information System
4 5 (7.35%) Equity Derivative
4 5 (7.35%) Fixed Income
4 5 (7.35%) Linux Command Line
4 5 (7.35%) Market Risk
5 4 (5.88%) Credit Derivative
5 4 (5.88%) Hedge funds
5 4 (5.88%) OTC Derivatives
6 3 (4.41%) Data Structures
7 2 (2.94%) Algorithms
7 2 (2.94%) Credit Risk
7 2 (2.94%) Exotic Derivative
8 1 (1.47%) Equity Risk
8 1 (1.47%) Greenfield Project
8 1 (1.47%) Interest Rate Derivative
8 1 (1.47%) Replication
8 1 (1.47%) User Experience
Operating Systems
1 13 (19.12%) Linux
2 9 (13.24%) Windows
3 7 (10.29%) Unix
Processes & Methodologies
1 17 (25.00%) Agile
2 16 (23.53%) Analytics
3 12 (17.65%) User Acceptance Testing
4 11 (16.18%) Fintech
5 10 (14.71%) Electronic Trading
6 9 (13.24%) Computer Science
6 9 (13.24%) Problem-Solving
7 8 (11.76%) DevOps
7 8 (11.76%) Risk Management
8 7 (10.29%) Data Analytics
8 7 (10.29%) Mathematics
8 7 (10.29%) Multithreading
8 7 (10.29%) Technical Debt
9 6 (8.82%) SDLC
10 5 (7.35%) Actionable Insight
10 5 (7.35%) Customer Acquisition
10 5 (7.35%) Data Munging
10 5 (7.35%) Data Pipeline
10 5 (7.35%) Performance Metrics
10 5 (7.35%) Workshop Facilitation
Programming Languages
1 24 (35.29%) SQL
2 20 (29.41%) Python
3 18 (26.47%) Java
4 13 (19.12%) C#
5 10 (14.71%) C++
6 5 (7.35%) Scala
7 3 (4.41%) JavaScript
8 2 (2.94%) VC++
9 1 (1.47%) VBA
Qualifications
1 5 (7.35%) Degree
2 2 (2.94%) Computer Science Degree
3 1 (1.47%) PhD
3 1 (1.47%) PMI Certification
3 1 (1.47%) PMP
Quality Assurance & Compliance
1 4 (5.88%) QA
2 3 (4.41%) EMIR
2 3 (4.41%) MiFID
3 1 (1.47%) COREP
3 1 (1.47%) PMO
System Software
1 2 (2.94%) Docker
2 1 (1.47%) LXC
Systems Management
1 2 (2.94%) Kubernetes
Vendors
1 7 (10.29%) Murex
2 5 (7.35%) IBM
3 4 (5.88%) Bloomberg
3 4 (5.88%) Oracle
4 3 (4.41%) Fidessa
5 2 (2.94%) DevExpress
5 2 (2.94%) Sybase
6 1 (1.47%) Microsoft
6 1 (1.47%) TIBCO