Period
to 23 April 2018

The median contractor rate for a Front Office Developer was £675 per day in advertised job vacancies in the City of London during the 6 months to 23 April 2018.

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
23 Apr 2018
Same period 2017 Same period 2016
Rank 193 173 160
Rank change year-on-year -20 -13 +77
Contract jobs requiring a Front Office Developer 63 62 64
As % of all contract IT jobs advertised in the City of London 0.90% 1.01% 0.99%
As % of the Job Titles category 0.95% 1.05% 1.03%
Number of daily rates quoted 61 54 63
City of London median daily rate £675 £600 £613
Median daily rate % change year-on-year +12.50% -2.04% +2.08%
10th Percentile £559 £513 £513
90th Percentile £806 £684 £685
Central London median daily rate £675 £600 £613
% change year-on-year +12.50% -2.04% +2.08%
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 6,626 5,882 6,188
% of contract IT jobs with a recognized job title 94.47% 95.83% 95.49%
Number of daily rates quoted 5,232 4,559 4,910
City of London median daily rate £500 £475 £475
Median daily rate % change year-on-year +5.26% - +5.56%
10th Percentile £313 £310 £290
90th Percentile £688 £650 £650
Central London median daily rate £500 £475 £450
% change year-on-year +5.26% +5.56% +2.86%
Number of hourly rates quoted 109 61 94
City of London median hourly rate £18.70 £17.77 £20.00
Median hourly rate % change year-on-year +5.23% -11.15% +11.17%
10th Percentile £11.25 £12.50 £11.73
90th Percentile £37.50 £30.07 £46.85
Central London median hourly rate £18.70 £16.96 £20.00
% change year-on-year +10.26% -15.20% +11.95%

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 23 April 2018.

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 23 April 2018, 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 63 (100.00%) Front Office
2 40 (63.49%) Java
3 39 (61.90%) Banking
4 33 (52.38%) Finance
4 33 (52.38%) Low Latency
5 31 (49.21%) Derivative
6 23 (36.51%) Electronic Trading
7 22 (34.92%) Multithreading
8 21 (33.33%) Java 8
9 18 (28.57%) Investment Banking
9 18 (28.57%) Equities
10 16 (25.40%) Risk Management
11 15 (23.81%) Migration
12 14 (22.22%) Agile Software Development
12 14 (22.22%) C#
13 13 (20.63%) Equity Derivative
14 11 (17.46%) Foreign Exchange (FX)
15 10 (15.87%) Python
16 9 (14.29%) OO
16 9 (14.29%) C++
16 9 (14.29%) Fixed Income
16 9 (14.29%) Analytical Skills
17 8 (12.70%) Ultra-Low Latency
18 7 (11.11%) Market Making
18 7 (11.11%) Algorithmic Trading
19 6 (9.52%) SQL
19 6 (9.52%) .NET
19 6 (9.52%) FIX Protocol
19 6 (9.52%) GemFire
19 6 (9.52%) Relational Database

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 6 (9.52%) GemFire
Applications
1 5 (7.94%) Microsoft Excel
2 4 (6.35%) Spreadsheet
Business Applications
1 3 (4.76%) Orchestrade
1 3 (4.76%) RMDS
2 1 (1.59%) Kondor
Database & Business Intelligence
1 6 (9.52%) Relational Database
2 5 (7.94%) SQL Server
3 4 (6.35%) RDBMS
4 2 (3.17%) Blockchain
5 1 (1.59%) NoSQL
5 1 (1.59%) SAP Data Services
5 1 (1.59%) SQL Server 2008
5 1 (1.59%) SQL Server 2012
5 1 (1.59%) SQL Server Integration Services
5 1 (1.59%) SQL Server Reporting Services
Development Applications
1 1 (1.59%) Moq
1 1 (1.59%) NUnit
1 1 (1.59%) Visual Studio
General
1 63 (100.00%) Front Office
2 39 (61.90%) Banking
3 33 (52.38%) Finance
4 18 (28.57%) Investment Banking
Libraries, Frameworks & Software Standards
1 6 (9.52%) .NET
1 6 (9.52%) FIX Protocol
2 2 (3.17%) AngularJS
2 2 (3.17%) HTML
2 2 (3.17%) WPF
3 1 (1.59%) ASP.NET
3 1 (1.59%) Boost C++ Libraries
3 1 (1.59%) HTML5
3 1 (1.59%) Middleware
3 1 (1.59%) Node.js
3 1 (1.59%) React
3 1 (1.59%) RESTful
3 1 (1.59%) STL
3 1 (1.59%) WCF
Miscellaneous
1 31 (49.21%) Derivative
2 18 (28.57%) Equities
3 13 (20.63%) Equity Derivative
4 11 (17.46%) Foreign Exchange (FX)
5 9 (14.29%) Analytical Skills
5 9 (14.29%) Fixed Income
6 3 (4.76%) Computer Science
7 1 (1.59%) Algorithms
7 1 (1.59%) Interest Rate Derivative
7 1 (1.59%) Swaptions
Operating Systems
1 4 (6.35%) Windows
2 2 (3.17%) Unix
3 1 (1.59%) Linux
Processes & Methodologies
1 33 (52.38%) Low Latency
2 23 (36.51%) Electronic Trading
3 22 (34.92%) Multithreading
4 16 (25.40%) Risk Management
5 15 (23.81%) Migration
6 14 (22.22%) Agile Software Development
7 9 (14.29%) OO
8 8 (12.70%) Ultra-Low Latency
9 7 (11.11%) Algorithmic Trading
9 7 (11.11%) Market Making
10 6 (9.52%) SDLC
11 5 (7.94%) Mathematics
12 4 (6.35%) Continuous Delivery
12 4 (6.35%) Quantitative Finance
13 3 (4.76%) Software Engineering
14 2 (3.17%) Asset Management
14 2 (3.17%) Business Analysis
14 2 (3.17%) Change Management
14 2 (3.17%) Multithreaded Programming
14 2 (3.17%) Unit Testing
Programming Languages
1 40 (63.49%) Java
2 21 (33.33%) Java 8
3 14 (22.22%) C#
4 10 (15.87%) Python
5 9 (14.29%) C++
6 6 (9.52%) SQL
7 5 (7.94%) VBA
8 2 (3.17%) C
8 2 (3.17%) F#
9 1 (1.59%) JavaScript
9 1 (1.59%) R
9 1 (1.59%) Shell Script
9 1 (1.59%) T-SQL
Qualifications
1 4 (6.35%) Degree
2 3 (4.76%) Computer Science Degree
Quality Assurance & Compliance
1 3 (4.76%) MiFID
2 1 (1.59%) SLA
Vendors
1 3 (4.76%) Microsoft
2 1 (1.59%) Oracle
2 1 (1.59%) Sybase
2 1 (1.59%) Typemock