Period
to 16 February 2019

The table below looks at the prevalence of the term Interest Rate Derivative 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 Interest Rate Derivative over the 6 months to 16 February 2019 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.

Interest Rate Derivatives
Central London > City of London
6 months to
16 Feb 2019
Same period 2018 Same period 2017
Rank 247 244 223
Rank change year-on-year -3 -21 -11
Contract jobs citing Interest Rate Derivative 3 12 6
As % of all contract IT jobs advertised in the City of London 0.044% 0.17% 0.097%
As % of the Miscellaneous category 0.11% 0.40% 0.25%
Number of daily rates quoted 2 11 6
City of London median daily rate £550 £550 £650
Median daily rate % change year-on-year - -15.38% -
Central London median daily rate £550 £550 £650
% change year-on-year - -15.38% -
Number of hourly rates quoted 0 0 0
City of London median hourly rate - - -
Central London median hourly rate - - -

Interest Rate Derivative is in the Generic IT 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 generic IT skills.

All Generic IT Skills
City of London
Contract vacancies with a requirement for generic IT skills 2,748 3,009 2,428
As % of all contract IT jobs advertised in the City of London 40.55% 42.28% 39.41%
Number of daily rates quoted 2,086 2,388 1,855
City of London median daily rate £525 £525 £500
Median daily rate % change year-on-year - +5.00% +5.26%
10th Percentile £286 £319 £313
90th Percentile £700 £725 £675
Central London median daily rate £525 £525 £480
% change year-on-year - +9.38% +1.05%
Number of hourly rates quoted 48 44 27
City of London median hourly rate £18.70 £21.63 £19.00
Median hourly rate % change year-on-year -13.53% +13.82% +2.15%
10th Percentile £12.93 £12.58 £13.25
90th Percentile £37.09 £47.58 £55.00
Central London median hourly rate £18.70 £21.50 £19.00
% change year-on-year -13.02% +13.16% -0.51%

Interest Rate Derivative
Job Vacancy Trend in the City of London

Job postings citing Interest Rate Derivative as a percentage of all IT jobs advertised in the City of London.

Job vacancy trend for Interest Rate Derivative in the City of London

Interest Rate Derivative
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 Interest Rate Derivative in the City of London.

Contractor daily rate trend for Interest Rate Derivative in the City of London

Interest Rate Derivative
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 Interest Rate Derivative in the City of London.

Contractor hourly rate trend for Interest Rate Derivative in the City of London

For the 6 months to 16 February 2019, IT contractor jobs citing Interest Rate Derivative 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 Interest Rate Derivative.

1 3 (100.00%) Derivative
2 2 (66.67%) SQL
2 2 (66.67%) Fixed Income
2 2 (66.67%) Banking
2 2 (66.67%) Investment Banking
3 1 (33.33%) Business Analysis
3 1 (33.33%) Java
3 1 (33.33%) Perl
3 1 (33.33%) Spring
3 1 (33.33%) Maven
3 1 (33.33%) VBA
3 1 (33.33%) Sybase
3 1 (33.33%) PRINCE2
3 1 (33.33%) Linux
3 1 (33.33%) Python
3 1 (33.33%) Microsoft Excel
3 1 (33.33%) PRINCE2 Certification
3 1 (33.33%) Foreign Exchange (FX)
3 1 (33.33%) Shell Script
3 1 (33.33%) FpML
3 1 (33.33%) Project Management
3 1 (33.33%) GAP Analysis
3 1 (33.33%) Front Office
3 1 (33.33%) Risk Management
3 1 (33.33%) Finance
3 1 (33.33%) Migration
3 1 (33.33%) Project Planning
3 1 (33.33%) Apache Camel
3 1 (33.33%) SDLC
3 1 (33.33%) OTC Derivatives

Interest Rate Derivative
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 1 (33.33%) Microsoft Excel
Development Applications
1 1 (33.33%) Maven
General
1 2 (66.67%) Banking
1 2 (66.67%) Investment Banking
2 1 (33.33%) Finance
2 1 (33.33%) Front Office
Job Titles
1 1 (33.33%) Analyst
1 1 (33.33%) Business Analyst
1 1 (33.33%) Business IT Analyst
1 1 (33.33%) Developer
1 1 (33.33%) Financial Services Project Manager
1 1 (33.33%) IT Analyst
1 1 (33.33%) IT Manager
1 1 (33.33%) Java Developer
1 1 (33.33%) Java Pricing Developer
1 1 (33.33%) PMO Manager
1 1 (33.33%) PMO Project Manager
1 1 (33.33%) Pricing Developer
1 1 (33.33%) Project Manager
1 1 (33.33%) Senior IT Manager
1 1 (33.33%) Senior IT Project Manager
1 1 (33.33%) Senior Manager
1 1 (33.33%) Senior PMO
1 1 (33.33%) Senior PMO Manager
1 1 (33.33%) Senior Project Manager
1 1 (33.33%) Senior Service Manager
Libraries, Frameworks & Software Standards
1 1 (33.33%) Apache Camel
1 1 (33.33%) FpML
1 1 (33.33%) Spring
Miscellaneous
1 3 (100.00%) Derivative
2 2 (66.67%) Fixed Income
3 1 (33.33%) Foreign Exchange (FX)
3 1 (33.33%) OTC Derivatives
Operating Systems
1 1 (33.33%) Linux
Processes & Methodologies
1 1 (33.33%) Business Analysis
1 1 (33.33%) GAP Analysis
1 1 (33.33%) Migration
1 1 (33.33%) PRINCE2
1 1 (33.33%) Project Management
1 1 (33.33%) Project Planning
1 1 (33.33%) Risk Management
1 1 (33.33%) SDLC
Programming Languages
1 2 (66.67%) SQL
2 1 (33.33%) Java
2 1 (33.33%) Perl
2 1 (33.33%) Python
2 1 (33.33%) Shell Script
2 1 (33.33%) VBA
Qualifications
1 1 (33.33%) PRINCE2 Certification
Quality Assurance & Compliance
1 1 (33.33%) PMO
Vendors
1 1 (33.33%) Sybase