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 3 months to 22 March 2017 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.

3 months to
22 Mar 2017
Same period 2016 Same period 2015
Interest Rate Derivatives
London / City of London
Rank 149 146 182
Rank change year-on-year -3 +36  
Contract jobs citing Interest Rate Derivative 2 5 10
As % of all contract IT jobs advertised in the City of London 0.067% 0.15% 0.20%
As % of the Miscellaneous category 0.19% 0.42% 0.55%
Number of daily rates quoted 2 5 9
Median daily rate £638 £900 £475
Median daily rate % change year-on-year -29.16% +89.47%  
90% offered a daily rate of more than £628 £780 £425
10% offered a daily rate of more than £648 £900 £655
UK excluding London median daily rate - - -
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median hourly rate - - -

Interest Rate Derivative is in the generic IT skills category. The next 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.

Generic IT Skills
City of London
Contract job vacancies with a requirement for generic IT skills 1078 1182 1833
As % of all contract IT job vacancies advertised in the City of London 36.28% 36.16% 36.63%
Number of daily rates quoted 828 943 1399
Median daily rate £525 £500 £475
Median daily rate % change year-on-year +5.00% +5.26%  
90% offered a daily rate of more than £308 £316 £300
10% offered a daily rate of more than £650 £675 £625
UK excluding London median daily rate £395 £375 £375
% change year-on-year +5.40% -  
Number of hourly rates quoted 8 25 35
Median hourly rate £19.00 £19.00 £17.87
Median hourly rate % change year-on-year - +6.35%  
90% offered a hourly rate of more than £13.79 £12.00 £12.73
10% offered a hourly rate of more than £28.35 £32.02 £26.21
UK excluding London median hourly rate £19.00 £30.00 £18.50
% change year-on-year -36.66% +62.16%  

Interest Rate Derivative
Job Vacancy Trend in the City of London

The job posting trend of jobs advertised in the City of London citing Interest Rate Derivative as a proportion of all contract or permanent IT jobs with a match in the Miscellaneous category.

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 hourly rates quoted in IT contractor jobs citing Interest Rate Derivative in the City of London.

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

Interest Rate Derivative
Top 30 Related IT Skills in the City of London

For the 6 months to 22 March 2017, IT contractor jobs citing Interest Rate Derivative also mentioned the following skills in order of popularity. The figures indicate the number co-occurrences and its proportion to all contract ads across the City of London region with a requirement for Interest Rate Derivative.

1 3 (100.00%) Finance
1 3 (100.00%) Derivative
2 2 (66.67%) HTML5
2 2 (66.67%) Fixed Income
2 2 (66.67%) Foreign Exchange (FX)
2 2 (66.67%) HTML
2 2 (66.67%) Java
3 1 (33.33%) JavaScript
3 1 (33.33%) SQL
3 1 (33.33%) VBScript
3 1 (33.33%) .NET
3 1 (33.33%) Unix
3 1 (33.33%) Murex
3 1 (33.33%) HP
3 1 (33.33%) Front Office
3 1 (33.33%) Back Office
3 1 (33.33%) Stakeholder Management
3 1 (33.33%) C#
3 1 (33.33%) C++
3 1 (33.33%) Banking
3 1 (33.33%) Credit Derivative
3 1 (33.33%) Investment Banking
3 1 (33.33%) Analytics
3 1 (33.33%) QA Automation
3 1 (33.33%) OTC Derivatives
3 1 (33.33%) FIX Protocol
3 1 (33.33%) QA
3 1 (33.33%) WPF
3 1 (33.33%) Test Automation
3 1 (33.33%) HP Quality Center

Interest Rate Derivative
Top Related 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:

General
1 3 (100.00%) Finance
2 1 (33.33%) Back Office
2 1 (33.33%) Banking
2 1 (33.33%) Front Office
2 1 (33.33%) Investment Banking
Job Titles
1 2 (66.67%) Developer
2 1 (33.33%) Automation Engineer
2 1 (33.33%) C# Developer
2 1 (33.33%) Excel Developer
2 1 (33.33%) Front Office Developer
2 1 (33.33%) Java Developer
2 1 (33.33%) Murex Developer
2 1 (33.33%) QA Automation Engineer
2 1 (33.33%) QA Engineer
2 1 (33.33%) Quality Engineer
Libraries, Frameworks & Software Standards
1 2 (66.67%) HTML
1 2 (66.67%) HTML5
2 1 (33.33%) .NET
2 1 (33.33%) FIX Protocol
2 1 (33.33%) WPF
Miscellaneous
1 3 (100.00%) Derivative
2 2 (66.67%) Fixed Income
2 2 (66.67%) Foreign Exchange (FX)
3 1 (33.33%) Credit Derivative
3 1 (33.33%) OTC Derivatives
Operating Systems
1 1 (33.33%) Unix
Processes & Methodologies
1 1 (33.33%) Analytics
1 1 (33.33%) QA Automation
1 1 (33.33%) Stakeholder Management
1 1 (33.33%) Test Automation
Programming Languages
1 2 (66.67%) Java
2 1 (33.33%) C#
2 1 (33.33%) C++
2 1 (33.33%) JavaScript
2 1 (33.33%) SQL
2 1 (33.33%) VBScript
Quality Assurance & Compliance
1 1 (33.33%) QA
Systems Management
1 1 (33.33%) HP Quality Center
Vendors
1 1 (33.33%) HP
1 1 (33.33%) Murex