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 23 June 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.

Interest Rate Derivatives
London / City of London
3 months to
23 Jun 2017
Same period 2016 Same period 2015
Rank 161 162 187
Rank change year-on-year +1 +25  
Contract jobs citing Interest Rate Derivative 5 2 14
As % of all contract IT jobs advertised in the City of London 0.15% 0.059% 0.24%
As % of the Miscellaneous category 0.36% 0.15% 0.64%
Number of daily rates quoted 4 2 14
Median daily rate £575 £625 £638
Median daily rate % change year-on-year -8.00% -1.96%  
90% offered a daily rate of more than £550 £605 £601
10% offered a daily rate of more than £705 £645 £650
UK excluding London median daily rate £675 - £500
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 1382 1335 2184
As % of all contract IT job vacancies advertised in the City of London 41.88% 39.45% 37.58%
Number of daily rates quoted 1046 1116 1739
Median daily rate £530 £475 £475
Median daily rate % change year-on-year +11.57% -  
90% offered a daily rate of more than £325 £313 £300
10% offered a daily rate of more than £675 £650 £635
UK excluding London median daily rate £400 £390 £375
% change year-on-year +2.56% +4.00%  
Number of hourly rates quoted 14 16 39
Median hourly rate £18.70 £17.50 £22.83
Median hourly rate % change year-on-year +6.82% -23.34%  
90% offered a hourly rate of more than £12.93 £12.50 £15.60
10% offered a hourly rate of more than £22.20 £62.00 £59.10
UK excluding London median hourly rate £25.00 £22.75 £19.00
% change year-on-year +9.89% +19.73%  

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 Daily Rate Histogram in the City of London

The daily rate distribution of IT jobs citing Interest Rate Derivative in the City of London over the 3 months to 23 June 2017.

Contractor daily rate histogram 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 23 June 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 7 (100.00%) Finance
1 7 (100.00%) Derivative
2 5 (71.43%) Front Office
3 4 (57.14%) Foreign Exchange (FX)
3 4 (57.14%) Banking
4 3 (42.86%) Investment Banking
4 3 (42.86%) Agile Software Development
4 3 (42.86%) C#
4 3 (42.86%) Fixed Income
5 2 (28.57%) Scrum
5 2 (28.57%) SQL
5 2 (28.57%) .NET
5 2 (28.57%) Business Analysis
5 2 (28.57%) WPF
6 1 (14.29%) User Acceptance Testing
6 1 (14.29%) Time Management
6 1 (14.29%) Confluence
6 1 (14.29%) HTML5
6 1 (14.29%) Stakeholder Engagement
6 1 (14.29%) Waterfall
6 1 (14.29%) Change Control
6 1 (14.29%) User Stories
6 1 (14.29%) Analytical Skills
6 1 (14.29%) OTC Derivatives
6 1 (14.29%) VB6
6 1 (14.29%) Data Analysis
6 1 (14.29%) Equity Derivative
6 1 (14.29%) Requirements Management
6 1 (14.29%) MiFID
6 1 (14.29%) JIRA

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:

Application Platforms
1 1 (14.29%) Confluence
Applications
1 1 (14.29%) Microsoft Excel
1 1 (14.29%) Microsoft Office
1 1 (14.29%) Microsoft Project
1 1 (14.29%) MS Visio
Database & Business Intelligence
1 1 (14.29%) OLAP
1 1 (14.29%) Oracle OLAP
1 1 (14.29%) SQL Server
Development Applications
1 1 (14.29%) JIRA
General
1 7 (100.00%) Finance
2 5 (71.43%) Front Office
3 4 (57.14%) Banking
4 3 (42.86%) Investment Banking
5 1 (14.29%) Financial Institution
Job Titles
1 4 (57.14%) Developer
2 3 (42.86%) Analyst
2 3 (42.86%) Business Analyst
3 2 (28.57%) C# Developer
3 2 (28.57%) Front Office Developer
4 1 (14.29%) .NET Developer
4 1 (14.29%) Analyst Developer
4 1 (14.29%) C# .NET Developer
4 1 (14.29%) C# WCF Developer
4 1 (14.29%) C# WPF Developer
4 1 (14.29%) Derivatives Business Analyst
4 1 (14.29%) Excel Developer
4 1 (14.29%) Fixed Income Business Analyst
4 1 (14.29%) Investment Banking Business Analyst
4 1 (14.29%) Java Developer
4 1 (14.29%) MiFID Business Analyst
4 1 (14.29%) Murex Developer
4 1 (14.29%) SQL Developer
4 1 (14.29%) WCF Developer
4 1 (14.29%) WPF Developer
Libraries, Frameworks & Software Standards
1 2 (28.57%) .NET
1 2 (28.57%) WPF
2 1 (14.29%) HTML
2 1 (14.29%) HTML5
2 1 (14.29%) WCF
2 1 (14.29%) WinForms
Miscellaneous
1 7 (100.00%) Derivative
2 4 (57.14%) Foreign Exchange (FX)
3 3 (42.86%) Fixed Income
4 1 (14.29%) Analytical Skills
4 1 (14.29%) Equities
4 1 (14.29%) Equity Derivative
4 1 (14.29%) OTC Derivatives
Processes & Methodologies
1 3 (42.86%) Agile Software Development
2 2 (28.57%) Business Analysis
2 2 (28.57%) Scrum
3 1 (14.29%) Change Control
3 1 (14.29%) Data Analysis
3 1 (14.29%) E-Commerce
3 1 (14.29%) Requirements Management
3 1 (14.29%) Risk Management
3 1 (14.29%) Stakeholder Engagement
3 1 (14.29%) Time Management
3 1 (14.29%) User Acceptance Testing
3 1 (14.29%) User Stories
3 1 (14.29%) Waterfall
Programming Languages
1 3 (42.86%) C#
2 2 (28.57%) SQL
3 1 (14.29%) C++
3 1 (14.29%) Java
3 1 (14.29%) VB
3 1 (14.29%) VB6
3 1 (14.29%) VBA
Qualifications
1 1 (14.29%) ISEB
Quality Assurance & Compliance
1 1 (14.29%) MiFID
1 1 (14.29%) QA
Vendors
1 1 (14.29%) Microsoft
1 1 (14.29%) Murex
1 1 (14.29%) Oracle