Period
to 27 October 2021

The median contractor rate for a Front Office Developer was £700 per day in advertised job vacancies in the City of London during the 6 months to 27 October 2021.

The first table below provides contractor rate benchmarking and summary statistics including a comparison to same period in 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.

Front Office Developer
Central London > City of London
6 months to
27 Oct 2021
Same period 2020 Same period 2019
Rank 133 89 216
Rank change year-on-year -44 +127 -37
Contract jobs requiring a Front Office Developer 47 29 16
As % of all contract jobs advertised in the City of London 1.20% 1.61% 0.27%
As % of the Job Titles category 1.29% 1.75% 0.29%
Number of daily rates quoted 37 23 14
10th Percentile £550 £438 £338
25th Percentile £625 £544 £444
Median daily rate (50th Percentile) £700 £600 £625
Median % change year-on-year +16.67% -4.00% -3.85%
75th Percentile £750 £647 £719
90th Percentile £788 £733 £725
Central London median daily rate £700 £605 £525
% change year-on-year +15.70% +15.24% -19.23%

The following table is for comparison with the above and includes summary statistics for all contract IT job vacancies advertised in the City of London. Most job vacancies include a discernible job title that can be normalized. As such, the figures in the second row provide an indication of the number of contract jobs in our overall sample.

All Contract IT Job Vacancies
City of London
Contract vacancies in the City of London with a recognized job title 3,634 1,653 5,567
% of contract IT jobs with a recognized job title 92.82% 91.83% 93.75%
Number of daily rates quoted 2,766 1,254 4,430
10th Percentile £358 £306 £313
25th Percentile £461 £413 £413
Median daily rate (50th Percentile) £550 £513 £513
Median % change year-on-year +7.32% - +2.50%
75th Percentile £650 £600 £600
90th Percentile £749 £679 £675
Central London median daily rate £550 £513 £500
% change year-on-year +7.32% +2.50% -
Number of hourly rates quoted 37 25 68
10th Percentile £13.88 £15.50 £11.93
25th Percentile £21.00 £20.00 £13.44
Median hourly rate £28.50 £35.50 £19.50
Median % change year-on-year -19.72% +82.05% +4.28%
75th Percentile £37.75 £46.00 £24.25
90th Percentile £62.15 £47.75 £49.18
Central London median hourly rate £32.00 £29.89 £20.50
% change year-on-year +7.06% +45.80% +9.63%

Front Office Developer
Job Vacancy Trend in the City of London

Job postings that featured Front Office Developer in the job title as a proportion of all IT jobs advertised in the City of London.

Job vacancy trend for Front Office Developer in the City of London

Front Office Developer
Contractor Daily Rate Trend in the City of London

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

Daily rate trend for Front Office Developer in the City of London

Front Office Developer
Daily Rate Histogram in the City of London

Daily rate distribution for jobs citing Front Office Developer in the City of London over the 6 months to 27 October 2021.

Daily rate histogram for Front Office Developer in the City of London

Front Office Developer
Contractor Hourly Rate Trend in the City of London

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

Hourly rate trend for Front Office Developer in the City of London

Front Office Developer Skill Set
Top 30 Co-occurring IT Skills in the City of London

For the 6 months to 27 October 2021, Front Office Developer contract jobs required the following IT 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 featuring Front Office Developer in the job title.

1 47 (100.00%) Front Office
2 31 (65.96%) Java
3 17 (36.17%) Banking
4 16 (34.04%) Finance
5 15 (31.91%) Foreign Exchange (FX)
6 11 (23.40%) Spring
6 11 (23.40%) Low Latency
7 9 (19.15%) Investment Banking
7 9 (19.15%) Agile Software Development
8 8 (17.02%) Python
9 7 (14.89%) Fixed Income
9 7 (14.89%) Azure
9 7 (14.89%) Social Skills
10 6 (12.77%) Microservices
10 6 (12.77%) Risk Management
10 6 (12.77%) OO
10 6 (12.77%) SQL
10 6 (12.77%) C#
10 6 (12.77%) TDD
10 6 (12.77%) Algorithmic Trading
11 5 (10.64%) Multithreading
11 5 (10.64%) Electronic Trading
11 5 (10.64%) Software Engineering
11 5 (10.64%) Maven
11 5 (10.64%) C++
11 5 (10.64%) Git (software)
12 4 (8.51%) Analytics
12 4 (8.51%) Public Cloud
12 4 (8.51%) SDLC
12 4 (8.51%) Continuous Deployment

Front Office Developer Skill Set
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 2 (4.26%) Apache Spark
Applications
1 2 (4.26%) Microsoft Excel
1 2 (4.26%) Spreadsheet
Cloud Services
1 7 (14.89%) Azure
2 1 (2.13%) Power Platform
Database & Business Intelligence
1 3 (6.38%) SQL Server
2 1 (2.13%) Data Warehouse
2 1 (2.13%) MySQL
2 1 (2.13%) NoSQL
2 1 (2.13%) PostgreSQL
2 1 (2.13%) Power BI
2 1 (2.13%) Relational Database
2 1 (2.13%) SQL Server Analysis Services
Development Applications
1 5 (10.64%) Git (software)
1 5 (10.64%) Maven
2 3 (6.38%) Visual Studio
3 1 (2.13%) Artifactory
3 1 (2.13%) CMake
3 1 (2.13%) JBehave
3 1 (2.13%) Jenkins
3 1 (2.13%) JMeter
3 1 (2.13%) MSBuild
General
1 47 (100.00%) Front Office
2 17 (36.17%) Banking
3 16 (34.04%) Finance
4 9 (19.15%) Investment Banking
5 7 (14.89%) Social Skills
6 1 (2.13%) Financial Institution
6 1 (2.13%) International Banking
Libraries, Frameworks & Software Standards
1 11 (23.40%) Spring
2 3 (6.38%) FIX Protocol
3 2 (4.26%) .NET
3 2 (4.26%) .NET Core
3 2 (4.26%) AngularJS
3 2 (4.26%) Kafka
3 2 (4.26%) Spring Boot
3 2 (4.26%) XML
3 2 (4.26%) XSLT
4 1 (2.13%) NgRx
4 1 (2.13%) React
Miscellaneous
1 15 (31.91%) Foreign Exchange (FX)
2 7 (14.89%) Fixed Income
3 4 (8.51%) Public Cloud
4 3 (6.38%) Equities
4 3 (6.38%) Greenfield Project
5 2 (4.26%) Derivative
6 1 (2.13%) Cloud Native
6 1 (2.13%) Credit Derivative
6 1 (2.13%) Credit Risk
6 1 (2.13%) Enterprise Software
6 1 (2.13%) Grid Computing
6 1 (2.13%) Market Risk
6 1 (2.13%) Virtual Team
Operating Systems
1 3 (6.38%) Windows
2 1 (2.13%) Linux
Processes & Methodologies
1 11 (23.40%) Low Latency
2 9 (19.15%) Agile Software Development
3 6 (12.77%) Algorithmic Trading
3 6 (12.77%) Microservices
3 6 (12.77%) OO
3 6 (12.77%) Risk Management
3 6 (12.77%) TDD
4 5 (10.64%) Electronic Trading
4 5 (10.64%) Multithreading
4 5 (10.64%) Software Engineering
5 4 (8.51%) Analytics
5 4 (8.51%) Continuous Deployment
5 4 (8.51%) Continuous Integration
5 4 (8.51%) Migration
5 4 (8.51%) OOD
5 4 (8.51%) SDLC
6 3 (6.38%) Asset Management
6 3 (6.38%) Concurrent Programming
6 3 (6.38%) Investment Management
7 2 (4.26%) Scrum
Programming Languages
1 31 (65.96%) Java
2 8 (17.02%) Python
3 6 (12.77%) C#
3 6 (12.77%) SQL
4 5 (10.64%) C++
5 2 (4.26%) Scala
5 2 (4.26%) VBA
6 1 (2.13%) C
6 1 (2.13%) T-SQL
6 1 (2.13%) TypeScript
System Software
1 2 (4.26%) Docker
Systems Management
1 2 (4.26%) Kubernetes
Vendors
1 4 (8.51%) Microsoft
2 3 (6.38%) Oracle
3 2 (4.26%) Charles River
4 1 (2.13%) Sybase