Period
to 21 February 2019

The median contractor rate for a Front Office Developer was £650 per day in advertised job vacancies in the City of London during the 6 months to 21 February 2019.

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
21 Feb 2019
Same period 2018 Same period 2017
Rank 176 180 184
Rank change year-on-year +4 +4 -32
Contract jobs requiring a Front Office Developer 78 74 46
As % of all contract IT jobs advertised in the City of London 1.15% 1.04% 0.75%
As % of the Job Titles category 1.21% 1.10% 0.78%
Number of daily rates quoted 77 74 43
City of London median daily rate £650 £625 £600
Median daily rate % change year-on-year +4.00% +4.17% -4.00%
10th Percentile £613 £535 £513
90th Percentile £775 £738 £688
Central London median daily rate £650 £625 £600
% change year-on-year +4.00% +4.17% -4.00%
Number of hourly rates quoted 0 0 0
City of London median hourly rate - - -
Central London median hourly rate - - -

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 6,438 6,703 5,896
% of contract IT jobs with a recognized job title 94.66% 94.44% 95.61%
Number of daily rates quoted 5,034 5,325 4,677
City of London median daily rate £500 £500 £475
Median daily rate % change year-on-year - +5.26% -
10th Percentile £305 £313 £313
90th Percentile £675 £688 £663
Central London median daily rate £500 £500 £475
% change year-on-year - +5.26% +5.56%
Number of hourly rates quoted 71 98 72
City of London median hourly rate £18.70 £16.25 £18.35
Median hourly rate % change year-on-year +15.08% -11.44% -8.24%
10th Percentile £12.25 £11.25 £12.53
90th Percentile £35.00 £34.45 £54.51
Central London median hourly rate £18.70 £18.00 £17.50
% change year-on-year +3.89% +2.86% -12.46%

Front Office Developer
Job Vacancy Trend in the City of London

Job postings that featured Front Office Developer in the job title as a percentage 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

This chart provides the 3-month moving average for daily rates quoted in contract jobs citing Front Office Developer in the City of London.

Contractor daily rate trend for Front Office Developer in the City of London

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

The daily rate distribution of IT jobs citing Front Office Developer in the City of London over the 6 months to 21 February 2019.

Contractor daily rate histogram for Front Office Developer in the City of London

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

This chart provides the 3-month moving average for contractor hourly rates quoted in IT jobs citing Front Office Developer in the City of London.

Contractor 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 21 February 2019, 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 78 (100.00%) Front Office
2 73 (93.59%) Java
3 70 (89.74%) Multithreading
4 68 (87.18%) Agile Software Development
5 67 (85.90%) Banking
6 47 (60.26%) Derivative
7 43 (55.13%) Equities
8 34 (43.59%) Equity Derivative
8 34 (43.59%) Electronic Trading
9 30 (38.46%) Analytics
10 27 (34.62%) Low Latency
11 26 (33.33%) Investment Banking
12 25 (32.05%) Fixed Income
13 20 (25.64%) Open Source
13 20 (25.64%) Client Onboarding
13 20 (25.64%) Greenfield Project
14 12 (15.38%) Foreign Exchange (FX)
15 10 (12.82%) FXall
16 7 (8.97%) Finance
17 5 (6.41%) SQL
17 5 (6.41%) C#
17 5 (6.41%) TDD
18 4 (5.13%) Test Automation
18 4 (5.13%) Migration
18 4 (5.13%) Java 8
19 3 (3.85%) Self-Motivation
19 3 (3.85%) Problem-Solving
19 3 (3.85%) Multithreaded Programming
19 3 (3.85%) Python
19 3 (3.85%) Amazon AWS

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:

Applications
1 2 (2.56%) Microsoft Excel
1 2 (2.56%) Spreadsheet
Cloud Services
1 3 (3.85%) Amazon AWS
Database & Business Intelligence
1 2 (2.56%) MS Access
1 2 (2.56%) SQL Server
2 1 (1.28%) Apache Cassandra
2 1 (1.28%) Big Data
2 1 (1.28%) MongoDB
2 1 (1.28%) NoSQL
Development Applications
1 2 (2.56%) Team Foundation Server
2 1 (1.28%) Eclipse
2 1 (1.28%) Git (software)
2 1 (1.28%) IntelliJ
2 1 (1.28%) Jenkins
2 1 (1.28%) JUnit
2 1 (1.28%) Maven
General
1 78 (100.00%) Front Office
2 67 (85.90%) Banking
3 26 (33.33%) Investment Banking
4 7 (8.97%) Finance
Libraries, Frameworks & Software Standards
1 2 (2.56%) .NET
1 2 (2.56%) XML
2 1 (1.28%) ASP.NET
2 1 (1.28%) CSS
2 1 (1.28%) CSS3
2 1 (1.28%) FIX Protocol
2 1 (1.28%) HTML
2 1 (1.28%) HTML5
2 1 (1.28%) Kafka
2 1 (1.28%) MEAN Stack
2 1 (1.28%) Node.js
2 1 (1.28%) Rendezvous
2 1 (1.28%) TIBCO EMS
2 1 (1.28%) Twitter Bootstrap
2 1 (1.28%) Velocity
Miscellaneous
1 47 (60.26%) Derivative
2 43 (55.13%) Equities
3 34 (43.59%) Equity Derivative
4 25 (32.05%) Fixed Income
5 20 (25.64%) Greenfield Project
6 12 (15.38%) Foreign Exchange (FX)
7 3 (3.85%) Self-Motivation
8 1 (1.28%) Credit Risk
8 1 (1.28%) Market Risk
8 1 (1.28%) Swaptions
Processes & Methodologies
1 70 (89.74%) Multithreading
2 68 (87.18%) Agile Software Development
3 34 (43.59%) Electronic Trading
4 30 (38.46%) Analytics
5 27 (34.62%) Low Latency
6 20 (25.64%) Client Onboarding
6 20 (25.64%) Open Source
7 5 (6.41%) TDD
8 4 (5.13%) Migration
8 4 (5.13%) Test Automation
9 3 (3.85%) Multithreaded Programming
9 3 (3.85%) Problem-Solving
10 2 (2.56%) BDD
10 2 (2.56%) FX Algorithmic Trading
10 2 (2.56%) Market Making
10 2 (2.56%) Microservices
10 2 (2.56%) Performance Optimisation
10 2 (2.56%) Prototyping
10 2 (2.56%) Scaled Agile Framework
10 2 (2.56%) Time Management
Programming Languages
1 73 (93.59%) Java
2 5 (6.41%) C#
2 5 (6.41%) SQL
3 4 (5.13%) Java 8
4 3 (3.85%) Python
5 2 (2.56%) R
5 2 (2.56%) VBA
Qualifications
1 1 (1.28%) Computer Science Degree
1 1 (1.28%) Degree
Systems Management
1 1 (1.28%) Ansible
Vendors
1 10 (12.82%) FXall
2 2 (2.56%) Bloomberg
2 2 (2.56%) Currenex
2 2 (2.56%) FactSet
2 2 (2.56%) Microsoft
2 2 (2.56%) Tableau
3 1 (1.28%) TIBCO