Period
to 27 January 2022

The table below looks at the prevalence of the term Fixed Income 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 Fixed Income over the 6 months to 27 January 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.

Fixed Income
Central London > City of London
6 months to
27 Jan 2022
Same period 2021 Same period 2020
Rank 80 71 146
Rank change year-on-year -9 +75 -40
Contract jobs citing Fixed Income 120 62 53
As % of all contract jobs advertised in the City of London 2.99% 2.94% 1.09%
As % of the Miscellaneous category 8.45% 8.26% 3.57%
Number of daily rates quoted 79 46 41
10th Percentile £550 £575 £350
25th Percentile £618 £628 £575
Median daily rate (50th Percentile) £750 £695 £700
Median % change year-on-year +7.91% -0.71% +12.00%
75th Percentile £800 £750 £750
90th Percentile £913 £800 -
Central London median daily rate £750 £700 £700
% change year-on-year +7.14% - +12.00%

Fixed Income 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 1,420 751 1,484
As % of all contract IT jobs advertised in the City of London 35.37% 35.61% 30.48%
Number of daily rates quoted 1,078 533 1,148
10th Percentile £405 £313 £289
25th Percentile £494 £413 £413
Median daily rate (50th Percentile) £575 £525 £525
Median % change year-on-year +9.52% - -
75th Percentile £688 £638 £625
90th Percentile £800 £725 £700
Central London median daily rate £575 £525 £515
% change year-on-year +9.52% +1.94% -1.90%
Number of hourly rates quoted 24 16 29
10th Percentile £36.55 £13.14 £11.80
25th Percentile £41.75 £21.50 £15.00
Median hourly rate £50.50 £29.25 £20.50
Median % change year-on-year +72.65% +42.68% +9.63%
75th Percentile £61.94 £39.44 £33.38
90th Percentile £64.85 £46.88 £52.25
Central London median hourly rate £50.50 £29.89 £21.00
% change year-on-year +68.95% +42.33% +9.09%

Fixed Income
Job Vacancy Trend in the City of London

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

Job vacancy trend for Fixed Income in the City of London

Fixed Income
Contractor Daily Rate Trend in the City of London

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

Daily rate trend for Fixed Income in the City of London

Fixed Income
Daily Rate Histogram in the City of London

Daily rate distribution for jobs citing Fixed Income in the City of London over the 6 months to 27 January 2022.

Daily rate histogram for Fixed Income in the City of London

Fixed Income
Contractor Hourly Rate Trend in the City of London

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

Hourly rate trend for Fixed Income in the City of London

For the 6 months to 27 January 2022, IT contractor jobs citing Fixed Income 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 Fixed Income.

1 67 (55.83%) Banking
2 57 (47.50%) Front Office
3 46 (38.33%) Java
4 45 (37.50%) Finance
5 44 (36.67%) Investment Banking
6 42 (35.00%) Agile Software Development
7 32 (26.67%) Electronic Trading
8 30 (25.00%) SQL
9 29 (24.17%) Python
9 29 (24.17%) Foreign Exchange (FX)
10 28 (23.33%) Equities
11 26 (21.67%) Derivative
12 17 (14.17%) Software Engineering
13 16 (13.33%) Fintech
14 15 (12.50%) JIRA
15 14 (11.67%) Spreadsheet
15 14 (11.67%) Analytics
16 13 (10.83%) Social Skills
17 12 (10.00%) SDLC
17 12 (10.00%) Workflow
18 11 (9.17%) Project Management
18 11 (9.17%) Management Information System
18 11 (9.17%) Legacy Systems
19 10 (8.33%) Linux
19 10 (8.33%) AngularJS
19 10 (8.33%) Low Latency
19 10 (8.33%) Analytical Skills
19 10 (8.33%) Market Risk
19 10 (8.33%) User Acceptance Testing
19 10 (8.33%) Multithreading

Fixed Income
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 (2.50%) Confluence
2 1 (0.83%) JBoss
2 1 (0.83%) Mule
2 1 (0.83%) nginx
2 1 (0.83%) Red Hat Fuse
2 1 (0.83%) WebLogic
Applications
1 14 (11.67%) Spreadsheet
2 5 (4.17%) Microsoft Excel
3 1 (0.83%) Microsoft Office
3 1 (0.83%) Microsoft PowerPoint
Business Applications
1 6 (5.00%) FINCAD Analytics
2 5 (4.17%) ION MarketView
3 4 (3.33%) Bloomberg TOMS
3 4 (3.33%) SunGard Martini
4 1 (0.83%) PeopleSoft Financials
4 1 (0.83%) SimCorp Dimension
Cloud Services
1 8 (6.67%) Azure
2 3 (2.50%) AWS
3 2 (1.67%) IaaS
4 1 (0.83%) GCP
4 1 (0.83%) PaaS
4 1 (0.83%) Slack
Communications & Networking
1 4 (3.33%) TCP/IP
2 3 (2.50%) LAN
3 1 (0.83%) BGP
Database & Business Intelligence
1 7 (5.83%) Relational Database
1 7 (5.83%) SQL Server
2 4 (3.33%) MongoDB
2 4 (3.33%) NoSQL
3 2 (1.67%) dBASE
3 2 (1.67%) Metadata
3 2 (1.67%) RDBMS
3 2 (1.67%) Redis
3 2 (1.67%) SQL Server 2012
4 1 (0.83%) Data Lake
4 1 (0.83%) Data Warehouse
4 1 (0.83%) Flink
4 1 (0.83%) KDB
4 1 (0.83%) MySQL
4 1 (0.83%) Tableau
4 1 (0.83%) Tableau Desktop
4 1 (0.83%) Tableau Server
Development Applications
1 15 (12.50%) JIRA
2 6 (5.00%) Git (software)
3 4 (3.33%) git-flow
4 2 (1.67%) Jasmine
4 2 (1.67%) Karma Test Runner
5 1 (0.83%) Atlassian Bamboo
5 1 (0.83%) Cucumber
5 1 (0.83%) IntelliJ
5 1 (0.83%) Jenkins
5 1 (0.83%) Maven
5 1 (0.83%) Octopus Deploy
5 1 (0.83%) Ranorex
General
1 67 (55.83%) Banking
2 57 (47.50%) Front Office
3 45 (37.50%) Finance
4 44 (36.67%) Investment Banking
5 13 (10.83%) Social Skills
6 10 (8.33%) Analytical Skills
7 9 (7.50%) Back Office
8 5 (4.17%) German Language
9 4 (3.33%) International Banking
9 4 (3.33%) Legal
10 3 (2.50%) Financial Institution
10 3 (2.50%) Organisational Skills
11 2 (1.67%) Influencing Skills
11 2 (1.67%) Presentation Skills
11 2 (1.67%) Prime Brokerage
11 2 (1.67%) Synthetic Prime Brokerage
12 1 (0.83%) Advertising
Job Titles
1 62 (51.67%) Developer
2 25 (20.83%) Java Developer
3 21 (17.50%) Analyst
3 21 (17.50%) Python Developer
4 15 (12.50%) Consultant
5 13 (10.83%) Java Consultant
6 12 (10.00%) Front Office Developer
7 10 (8.33%) Banking Analyst
7 10 (8.33%) Business Analyst
7 10 (8.33%) Electronic Trading Consultant
7 10 (8.33%) Pricing Consultant
8 9 (7.50%) Investment Banking Java Developer
9 8 (6.67%) Test Analyst
10 7 (5.83%) Electronic Trading Developer
10 7 (5.83%) Project Manager
11 6 (5.00%) Python Developer - Fintech
12 5 (4.17%) Electronic Trading Java Developer
12 5 (4.17%) Full Stack Developer
12 5 (4.17%) Quantitative Developer
13 4 (3.33%) Investment Banking Business Analyst
Libraries, Frameworks & Software Standards
1 10 (8.33%) AngularJS
1 10 (8.33%) FIX Protocol
2 7 (5.83%) .NET
3 5 (4.17%) Spring
4 4 (3.33%) HTML
4 4 (3.33%) HTML5
4 4 (3.33%) NumPy
4 4 (3.33%) Pandas
4 4 (3.33%) Swing
4 4 (3.33%) XML
4 4 (3.33%) XML Messaging
5 3 (2.50%) Hibernate
5 3 (2.50%) J2SE
5 3 (2.50%) Kafka
6 2 (1.67%) .NET Framework
6 2 (1.67%) CSS
6 2 (1.67%) RxJS
6 2 (1.67%) Sass
6 2 (1.67%) WCF
6 2 (1.67%) WPF
Miscellaneous
1 29 (24.17%) Foreign Exchange (FX)
2 28 (23.33%) Equities
3 26 (21.67%) Derivative
4 11 (9.17%) Legacy Systems
4 11 (9.17%) Management Information System
5 10 (8.33%) Market Risk
6 9 (7.50%) Hedge funds
7 4 (3.33%) Credit Risk
8 3 (2.50%) Credit Derivative
8 3 (2.50%) DTCC
8 3 (2.50%) Greenfield Project
9 2 (1.67%) Algorithms
9 2 (1.67%) Data Structures
9 2 (1.67%) Equity Derivative
9 2 (1.67%) Hybrid Cloud
9 2 (1.67%) Self-Motivation
9 2 (1.67%) Synthetic Equity
9 2 (1.67%) User Experience
10 1 (0.83%) Contract for Difference
10 1 (0.83%) Swaptions
Operating Systems
1 10 (8.33%) Linux
2 8 (6.67%) Windows
3 3 (2.50%) Unix
Processes & Methodologies
1 42 (35.00%) Agile Software Development
2 32 (26.67%) Electronic Trading
3 17 (14.17%) Software Engineering
4 16 (13.33%) Fintech
5 14 (11.67%) Analytics
6 12 (10.00%) SDLC
6 12 (10.00%) Workflow
7 11 (9.17%) Project Management
8 10 (8.33%) Low Latency
8 10 (8.33%) Multithreading
8 10 (8.33%) User Acceptance Testing
9 8 (6.67%) Investment Management
9 8 (6.67%) Mathematics
9 8 (6.67%) Performance Tuning
10 7 (5.83%) Business Analysis
10 7 (5.83%) Computer Science
10 7 (5.83%) DevOps
10 7 (5.83%) Problem-Solving
10 7 (5.83%) Test Automation
11 6 (5.00%) Multithreaded Programming
Programming Languages
1 46 (38.33%) Java
2 30 (25.00%) SQL
3 29 (24.17%) Python
4 9 (7.50%) C++
5 8 (6.67%) C#
6 5 (4.17%) JavaScript
7 4 (3.33%) Bash
7 4 (3.33%) Shell Script
7 4 (3.33%) T-SQL
8 3 (2.50%) Perl
9 2 (1.67%) ES6
9 2 (1.67%) TypeScript
9 2 (1.67%) VBA
10 1 (0.83%) Apex Code
Qualifications
1 8 (6.67%) Degree
2 7 (5.83%) PMP
3 3 (2.50%) PhD
4 2 (1.67%) Numerate Degree
4 2 (1.67%) PMI Certification
Quality Assurance & Compliance
1 5 (4.17%) QA
2 3 (2.50%) GDPR
3 2 (1.67%) Data Quality
3 2 (1.67%) EMIR
3 2 (1.67%) MiFID
4 1 (0.83%) COREP
System Software
1 1 (0.83%) Docker
1 1 (0.83%) Platform Symphony
Systems Management
1 2 (1.67%) Terraform
2 1 (0.83%) WebSphere Cast Iron
Vendors
1 6 (5.00%) ION Trading
2 5 (4.17%) Bloomberg
3 4 (3.33%) Oracle
3 4 (3.33%) SunGard
4 2 (1.67%) Atlassian
4 2 (1.67%) Sybase
5 1 (0.83%) MarketAxess
5 1 (0.83%) PeopleSoft
5 1 (0.83%) SimCorp
5 1 (0.83%) Telerik
5 1 (0.83%) Tradeweb