Period
to 23 July 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 July 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 Jul 2018
Same period 2017 Same period 2016
Rank 168 157 192
Rank change year-on-year -11 +35 +38
Contract jobs requiring a Front Office Developer 81 91 51
As % of all contract IT jobs advertised in the City of London 1.15% 1.41% 0.75%
As % of the Job Titles category 1.22% 1.47% 0.78%
Number of daily rates quoted 71 78 50
City of London median daily rate £675 £625 £613
Median daily rate % change year-on-year +8.00% +2.04% +2.08%
10th Percentile £525 £514 £475
90th Percentile £806 £713 £688
Central London median daily rate £675 £625 £613
% change year-on-year +8.00% +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 6,657 6,176 6,530
% of contract IT jobs with a recognized job title 94.83% 95.84% 95.40%
Number of daily rates quoted 5,230 4,739 5,244
City of London median daily rate £500 £500 £475
Median daily rate % change year-on-year - +5.26% +5.56%
10th Percentile £313 £310 £300
90th Percentile £688 £675 £650
Central London median daily rate £500 £488 £455
% change year-on-year +2.56% +7.14% +1.11%
Number of hourly rates quoted 126 75 80
City of London median hourly rate £18.70 £17.77 £19.25
Median hourly rate % change year-on-year +5.23% -7.68% +1.30%
10th Percentile £13.00 £12.52 £11.48
90th Percentile £31.50 £30.04 £35.86
Central London median hourly rate £18.70 £17.25 £20.00
% change year-on-year +8.41% -13.74% +7.51%

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 July 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 July 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 81 (100.00%) Front Office
2 42 (51.85%) Finance
2 42 (51.85%) Banking
3 41 (50.62%) Java
4 36 (44.44%) Derivative
5 33 (40.74%) Low Latency
6 26 (32.10%) C#
7 25 (30.86%) Java 8
8 24 (29.63%) Investment Banking
9 23 (28.40%) Multithreading
10 22 (27.16%) SQL
11 21 (25.93%) Electronic Trading
12 19 (23.46%) Equities
12 19 (23.46%) Risk Management
13 17 (20.99%) Migration
14 16 (19.75%) Fixed Income
14 16 (19.75%) .NET
14 16 (19.75%) Agile Software Development
15 15 (18.52%) SQL Server
16 13 (16.05%) Python
16 13 (16.05%) Equity Derivative
17 12 (14.81%) Microsoft Excel
17 12 (14.81%) Foreign Exchange (FX)
18 11 (13.58%) VBA
19 10 (12.35%) Windows
19 10 (12.35%) OO
19 10 (12.35%) Algorithmic Trading
19 10 (12.35%) Continuous Delivery
20 9 (11.11%) C++
21 8 (9.88%) Market Making

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 12 (14.81%) Microsoft Excel
2 3 (3.70%) Spreadsheet
Business Applications
1 2 (2.47%) ION MarketView
1 2 (2.47%) Orchestrade
1 2 (2.47%) RMDS
1 2 (2.47%) thinkFolio
Cloud Services
1 3 (3.70%) Cloud Computing
1 3 (3.70%) Office 365
2 2 (2.47%) Amazon AWS
2 2 (2.47%) Microsoft Azure
Database & Business Intelligence
1 15 (18.52%) SQL Server
2 6 (7.41%) MongoDB
3 5 (6.17%) NoSQL
4 4 (4.94%) Power BI
4 4 (4.94%) Relational Database
4 4 (4.94%) SQL Server Analysis Services
5 3 (3.70%) Oracle Database
5 3 (3.70%) SQL Server Integration Services
6 1 (1.23%) DB2
6 1 (1.23%) RDBMS
Development Applications
1 3 (3.70%) Atlassian Bamboo
1 3 (3.70%) JIRA
1 3 (3.70%) Maven
1 3 (3.70%) Subversion
2 2 (2.47%) Git (software)
2 2 (2.47%) NUnit
2 2 (2.47%) Visual Studio
2 2 (2.47%) Visual Studio Code
3 1 (1.23%) Bitbucket
3 1 (1.23%) Moq
3 1 (1.23%) MSTest
3 1 (1.23%) SpecFlow
General
1 81 (100.00%) Front Office
2 42 (51.85%) Banking
2 42 (51.85%) Finance
3 24 (29.63%) Investment Banking
4 3 (3.70%) Advertising
4 3 (3.70%) Financial Institution
Libraries, Frameworks & Software Standards
1 16 (19.75%) .NET
2 6 (7.41%) FIX Protocol
2 6 (7.41%) WCF
3 4 (4.94%) AngularJS
3 4 (4.94%) Node.js
3 4 (4.94%) Socket.IO
4 3 (3.70%) ASP.NET
4 3 (3.70%) Middleware
4 3 (3.70%) Rendezvous
4 3 (3.70%) RxJS
4 3 (3.70%) WF
5 2 (2.47%) HTML
5 2 (2.47%) JMS
5 2 (2.47%) Kendo UI
5 2 (2.47%) LINQ
5 2 (2.47%) RabbitMQ
5 2 (2.47%) Spring
5 2 (2.47%) WinForms
5 2 (2.47%) WPF
6 1 (1.23%) Apache Camel
Miscellaneous
1 36 (44.44%) Derivative
2 19 (23.46%) Equities
3 16 (19.75%) Fixed Income
4 13 (16.05%) Equity Derivative
5 12 (14.81%) Foreign Exchange (FX)
6 7 (8.64%) Credit Risk
6 7 (8.64%) Market Risk
7 4 (4.94%) Grid Computing
8 3 (3.70%) Algorithms
8 3 (3.70%) Data Structures
9 2 (2.47%) Hedge funds
9 2 (2.47%) Reference Data
10 1 (1.23%) Analytical Skills
10 1 (1.23%) Credit Derivative
10 1 (1.23%) Interest Rate Derivative
10 1 (1.23%) Social Media
10 1 (1.23%) Tandem
Operating Systems
1 10 (12.35%) Windows
2 7 (8.64%) Linux
3 3 (3.70%) Windows 10
4 1 (1.23%) Unix
Processes & Methodologies
1 33 (40.74%) Low Latency
2 23 (28.40%) Multithreading
3 21 (25.93%) Electronic Trading
4 19 (23.46%) Risk Management
5 17 (20.99%) Migration
6 16 (19.75%) Agile Software Development
7 10 (12.35%) Algorithmic Trading
7 10 (12.35%) Continuous Delivery
7 10 (12.35%) OO
8 8 (9.88%) Market Making
9 7 (8.64%) Business Intelligence
9 7 (8.64%) Mathematics
9 7 (8.64%) Quantitative Finance
10 5 (6.17%) Analytics
10 5 (6.17%) Web Development
11 4 (4.94%) Multithreaded Programming
11 4 (4.94%) Open Source
11 4 (4.94%) Ultra-Low Latency
12 3 (3.70%) Performance Tuning
12 3 (3.70%) Risk Analytics
Programming Languages
1 41 (50.62%) Java
2 26 (32.10%) C#
3 25 (30.86%) Java 8
4 22 (27.16%) SQL
5 13 (16.05%) Python
6 11 (13.58%) VBA
7 9 (11.11%) C++
8 6 (7.41%) JavaScript
9 4 (4.94%) Bash Shell
9 4 (4.94%) TypeScript
10 3 (3.70%) Perl
10 3 (3.70%) PL/SQL
10 3 (3.70%) PowerShell
11 2 (2.47%) R
12 1 (1.23%) T-SQL
Quality Assurance & Compliance
1 1 (1.23%) QA
Systems Management
1 3 (3.70%) Control-M
Vendors
1 7 (8.64%) Oracle
2 6 (7.41%) Microsoft
3 2 (2.47%) Charles River
3 2 (2.47%) ION Trading
3 2 (2.47%) TIBCO
4 1 (1.23%) Currenex
4 1 (1.23%) Solace
4 1 (1.23%) Sybase
4 1 (1.23%) Typemock