Period
to 17 April 2021

The table below looks at the prevalence of the term Front Office 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 Front Office over the 6 months to 17 April 2021 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.

Front Office
Central London > City of London
6 months to
17 Apr 2021
Same period 2020 Same period 2019
Rank 24 50 48
Rank change year-on-year +26 -2 -18
Contract jobs citing Front Office 168 159 305
As % of all contract jobs advertised in the City of London 6.83% 4.02% 4.51%
As % of the General category 14.05% 8.88% 8.60%
Number of daily rates quoted 118 131 266
10th Percentile £497 £425 £525
25th Percentile £600 £513 £613
Median daily rate (50th Percentile) £675 £628 £650
Median % change year-on-year +7.57% -3.46% +4.00%
75th Percentile £723 £725 £734
90th Percentile £763 £763 £800
Central London median daily rate £675 £625 £650
% change year-on-year +8.00% -3.85% +4.00%
Number of hourly rates quoted 0 0 1
Median hourly rate - - £15.00
Central London median hourly rate - - £17.00

Front Office is in the General 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 common skills.

All General Skills
City of London
Contract vacancies with a requirement for common skills 1,196 1,791 3,547
As % of all contract IT jobs advertised in the City of London 48.64% 45.27% 52.40%
Number of daily rates quoted 865 1,319 2,707
10th Percentile £363 £305 £313
25th Percentile £450 £413 £425
Median daily rate (50th Percentile) £550 £525 £525
Median % change year-on-year +4.76% - -
75th Percentile £650 £625 £625
90th Percentile £725 £694 £688
Central London median daily rate £550 £510 £525
% change year-on-year +7.84% -2.86% -
Number of hourly rates quoted 8 31 30
10th Percentile £11.85 £12.42 £11.25
25th Percentile £15.19 £12.46 £13.86
Median hourly rate £21.50 £18.00 £18.98
Median % change year-on-year +19.44% -5.14% -9.64%
75th Percentile £23.54 £28.79 £31.63
90th Percentile £28.80 £43.70 £37.95
Central London median hourly rate £20.00 £18.70 £19.63
% change year-on-year +6.95% -4.71% -3.09%

Front Office
Job Vacancy Trend in the City of London

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

Job vacancy trend for Front Office in the City of London

Front Office
Contractor Daily Rate Trend in the City of London

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

Daily rate trend for Front Office in the City of London

Front Office
Daily Rate Histogram in the City of London

Daily rate distribution for jobs citing Front Office in the City of London over the 6 months to 17 April 2021.

Daily rate histogram for Front Office in the City of London

Front Office
Contractor Hourly Rate Trend in the City of London

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

Hourly rate trend for Front Office in the City of London

For the 6 months to 17 April 2021, IT contractor jobs citing Front Office 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 Front Office.

1 70 (41.67%) Java
2 68 (40.48%) Banking
3 63 (37.50%) Finance
4 51 (30.36%) Agile Software Development
4 51 (30.36%) Foreign Exchange (FX)
5 48 (28.57%) TDD
5 48 (28.57%) Investment Banking
6 46 (27.38%) Multithreading
7 41 (24.40%) Electronic Trading
8 39 (23.21%) Low Latency
9 33 (19.64%) C++
10 32 (19.05%) C#
11 27 (16.07%) Risk Management
12 26 (15.48%) Python
13 24 (14.29%) Derivative
13 24 (14.29%) Market Risk
14 23 (13.69%) SQL
15 22 (13.10%) Degree
16 20 (11.90%) Fixed Income
16 20 (11.90%) BDD
17 18 (10.71%) Analytical Skills
17 18 (10.71%) Garbage Collection
18 16 (9.52%) Microservices
18 16 (9.52%) Data Analysis
18 16 (9.52%) .NET
19 15 (8.93%) Maven
19 15 (8.93%) Continuous Improvement
19 15 (8.93%) Credit Risk
20 14 (8.33%) Enterprise Software
20 14 (8.33%) Analytics

Front Office
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 (1.19%) Apache Spark
2 1 (0.60%) Apache
2 1 (0.60%) Mule
2 1 (0.60%) Red Hat Fuse
Applications
1 8 (4.76%) Microsoft Excel
2 7 (4.17%) MS Visio
3 5 (2.98%) Microsoft Office
4 4 (2.38%) Microsoft PowerPoint
Business Applications
1 3 (1.79%) ION MarketView
2 2 (1.19%) Eikon
3 1 (0.60%) Bloomberg TOMS
3 1 (0.60%) Global One
3 1 (0.60%) Loan IQ
Cloud Services
1 8 (4.76%) Azure
2 4 (2.38%) AWS
3 1 (0.60%) GitHub
3 1 (0.60%) Power Platform
Communications & Networking
1 2 (1.19%) WebEx
2 1 (0.60%) FIX Connectivity
Database & Business Intelligence
1 4 (2.38%) SQL Server
2 3 (1.79%) MongoDB
2 3 (1.79%) MS Access
3 1 (0.60%) Big Data
3 1 (0.60%) Data Mart
3 1 (0.60%) Power BI
3 1 (0.60%) Relational Database
3 1 (0.60%) SQL Server Analysis Services
3 1 (0.60%) Tableau
Development Applications
1 15 (8.93%) Maven
2 10 (5.95%) Git (software)
3 6 (3.57%) TeamCity
4 4 (2.38%) Visual Studio
5 3 (1.79%) JIRA
6 2 (1.19%) Robot Framework
7 1 (0.60%) Cucumber
7 1 (0.60%) Eclipse
7 1 (0.60%) Gradle
7 1 (0.60%) IntelliJ
7 1 (0.60%) Jasmine
7 1 (0.60%) Moq
7 1 (0.60%) Selenium
7 1 (0.60%) Subversion
General
1 68 (40.48%) Banking
2 63 (37.50%) Finance
3 48 (28.57%) Investment Banking
4 8 (4.76%) Financial Institution
5 5 (2.98%) International Banking
6 3 (1.79%) Legal
6 3 (1.79%) Retail
7 1 (0.60%) Back Office
7 1 (0.60%) French Language
Job Titles
1 112 (66.67%) Developer
2 61 (36.31%) Java Developer
3 40 (23.81%) Front Office Developer
4 36 (21.43%) Analyst
5 19 (11.31%) C# Developer
5 19 (11.31%) Qualitative Analyst
5 19 (11.31%) Quantitative Analyst
6 16 (9.52%) Electronic Trading Developer
6 16 (9.52%) Electronic Trading Java Developer
7 15 (8.93%) Quantitative Developer
7 15 (8.93%) Senior Developer
8 12 (7.14%) Business Analyst
9 10 (5.95%) Senior Java Developer
10 8 (4.76%) Python Developer
11 7 (4.17%) Project Manager
11 7 (4.17%) React Developer
12 6 (3.57%) Analyst Developer
13 5 (2.98%) Banking Analyst
13 5 (2.98%) Quantitative Analyst Developer
13 5 (2.98%) Risk Analyst
Libraries, Frameworks & Software Standards
1 16 (9.52%) .NET
2 13 (7.74%) Spring
3 11 (6.55%) Spring Boot
4 9 (5.36%) RESTful
5 8 (4.76%) Kafka
6 6 (3.57%) React
7 5 (2.98%) AngularJS
8 4 (2.38%) WPF
9 3 (1.79%) .NET Core
9 3 (1.79%) ASP.NET Web API
9 3 (1.79%) Middleware
9 3 (1.79%) Redux
9 3 (1.79%) WCF
9 3 (1.79%) WinForms
10 2 (1.19%) FIX Protocol
10 2 (1.19%) Jest
10 2 (1.19%) Node.js
10 2 (1.19%) WebSockets
11 1 (0.60%) Reactive Extensions
11 1 (0.60%) Spring Integration
Miscellaneous
1 51 (30.36%) Foreign Exchange (FX)
2 24 (14.29%) Derivative
2 24 (14.29%) Market Risk
3 20 (11.90%) Fixed Income
4 18 (10.71%) Analytical Skills
5 15 (8.93%) Credit Risk
6 14 (8.33%) Enterprise Software
6 14 (8.33%) Equities
7 10 (5.95%) Grid Computing
8 9 (5.36%) Greenfield Project
9 5 (2.98%) Management Information System
9 5 (2.98%) Swaptions
10 4 (2.38%) Data Structures
10 4 (2.38%) Interest Rate Derivative
11 2 (1.19%) OTC Derivatives
11 2 (1.19%) Virtual Team
12 1 (0.60%) Credit Derivative
12 1 (0.60%) Self-Motivation
12 1 (0.60%) TWAP
12 1 (0.60%) VWAP
Operating Systems
1 12 (7.14%) Unix
2 11 (6.55%) Linux
Processes & Methodologies
1 51 (30.36%) Agile Software Development
2 48 (28.57%) TDD
3 46 (27.38%) Multithreading
4 41 (24.40%) Electronic Trading
5 39 (23.21%) Low Latency
6 27 (16.07%) Risk Management
7 20 (11.90%) BDD
8 18 (10.71%) Garbage Collection
9 16 (9.52%) Data Analysis
9 16 (9.52%) Microservices
10 15 (8.93%) Continuous Improvement
11 14 (8.33%) Analytics
11 14 (8.33%) Scrum
12 13 (7.74%) Computer Science
12 13 (7.74%) Validation
13 12 (7.14%) Mathematics
13 12 (7.14%) Model Validation
14 11 (6.55%) Asset Management
14 11 (6.55%) Continuous Integration
14 11 (6.55%) Physics
Programming Languages
1 70 (41.67%) Java
2 33 (19.64%) C++
3 32 (19.05%) C#
4 26 (15.48%) Python
5 23 (13.69%) SQL
6 6 (3.57%) Java 8
6 6 (3.57%) Scala
7 5 (2.98%) JavaScript
7 5 (2.98%) R
7 5 (2.98%) TypeScript
7 5 (2.98%) VBA
8 3 (1.79%) Haskell
8 3 (1.79%) Kotlin
8 3 (1.79%) PL/SQL
9 2 (1.19%) C
9 2 (1.19%) VB.NET
10 1 (0.60%) T-SQL
Qualifications
1 22 (13.10%) Degree
2 10 (5.95%) PhD
3 9 (5.36%) Computer Science Degree
4 1 (0.60%) ACCA
4 1 (0.60%) CFA
4 1 (0.60%) Master's Degree
Quality Assurance & Compliance
1 2 (1.19%) IFRS
1 2 (1.19%) MiFID
1 2 (1.19%) QA
1 2 (1.19%) UCITS
2 1 (0.60%) AIFMD
2 1 (0.60%) SLA
System Software
1 10 (5.95%) Docker
Systems Management
1 10 (5.95%) Kubernetes
Vendors
1 8 (4.76%) Microsoft
2 7 (4.17%) Oracle
3 5 (2.98%) Bloomberg
4 3 (1.79%) ION Trading
5 2 (1.19%) Murex
5 2 (1.19%) Reuters
5 2 (1.19%) Solace
6 1 (0.60%) Calypso
6 1 (0.60%) Databricks
6 1 (0.60%) Infragistics
6 1 (0.60%) Sybase