Period
to 21 January 2022

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 21 January 2022 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
21 Jan 2022
Same period 2021 Same period 2020
Rank 180 - 196
Rank change year-on-year - - +58
Contract jobs citing Interest Rate Derivative 4 0 5
As % of all contract jobs advertised in the City of London 0.10% - 0.10%
As % of the Miscellaneous category 0.29% - 0.33%
Number of daily rates quoted 4 0 5
10th Percentile £560 - £420
25th Percentile £618 - £525
Median daily rate (50th Percentile) £775 - £575
Median % change year-on-year - - +4.55%
75th Percentile £938 - £588
90th Percentile £960 - -
Central London median daily rate £775 - £575
% change year-on-year - - +4.55%

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 1,401 739 1,529
As % of all contract IT jobs advertised in the City of London 35.09% 35.53% 30.63%
Number of daily rates quoted 1,065 521 1,189
10th Percentile £405 £313 £297
25th Percentile £489 £413 £413
Median daily rate (50th Percentile) £575 £525 £525
Median % change year-on-year +9.52% - -
75th Percentile £688 £638 £625
90th Percentile £800 £725 £700
Central London median daily rate £575 £525 £515
% change year-on-year +9.52% +1.94% -1.90%
Number of hourly rates quoted 24 17 30
10th Percentile £36.55 £13.22 £11.90
25th Percentile £41.75 £22.50 £15.00
Median hourly rate £50.50 £32.00 £20.67
Median % change year-on-year +57.81% +54.85% +10.51%
75th Percentile £61.94 £37.25 £31.78
90th Percentile £64.85 £46.70 £52.25
Central London median hourly rate £50.50 £30.95 £21.00
% change year-on-year +63.19% +47.36% +10.67%

Interest Rate Derivative
Job Vacancy Trend in the City of London

Job postings citing Interest Rate Derivative as a proportion 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

3-month moving average daily rate quoted in jobs citing Interest Rate Derivative in the City of London.

Daily rate trend for Interest Rate Derivative in the City of London

Interest Rate Derivative
Daily Rate Histogram in the City of London

Daily rate distribution for jobs citing Interest Rate Derivative in the City of London over the 6 months to 21 January 2022.

Daily rate histogram for Interest Rate Derivative in the City of London

Interest Rate Derivative
Contractor Hourly Rate Trend in the City of London

3-month moving average hourly rates quoted in jobs citing Interest Rate Derivative in the City of London.

Hourly rate trend for Interest Rate Derivative in the City of London

For the 6 months to 21 January 2022, 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 4 (100.00%) Foreign Exchange (FX)
1 4 (100.00%) Banking
1 4 (100.00%) Derivative
2 3 (75.00%) TDD
2 3 (75.00%) Finance
2 3 (75.00%) DevOps
2 3 (75.00%) CI/CD
3 2 (50.00%) Java 8
3 2 (50.00%) Java 11
3 2 (50.00%) BDD
3 2 (50.00%) Analytical Skills
3 2 (50.00%) Microservices
3 2 (50.00%) Data Structures
3 2 (50.00%) Spring Boot
3 2 (50.00%) API Design
3 2 (50.00%) Java
3 2 (50.00%) Multithreading
3 2 (50.00%) RESTful
3 2 (50.00%) Spring
3 2 (50.00%) Front Office
4 1 (25.00%) Workflow
4 1 (25.00%) General Ledger
4 1 (25.00%) Software Engineering
4 1 (25.00%) Azure
4 1 (25.00%) Oracle General Ledger
4 1 (25.00%) JIRA
4 1 (25.00%) Test Scripting
4 1 (25.00%) .NET
4 1 (25.00%) Oracle
4 1 (25.00%) SQL Server

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 (25.00%) Oracle Workflow
Business Applications
1 1 (25.00%) Oracle FAH
1 1 (25.00%) Oracle General Ledger
1 1 (25.00%) Oracle Subledger Accounting
Cloud Services
1 1 (25.00%) Azure
Database & Business Intelligence
1 1 (25.00%) SQL Server
Development Applications
1 1 (25.00%) JIRA
General
1 4 (100.00%) Banking
2 3 (75.00%) Finance
3 2 (50.00%) Analytical Skills
3 2 (50.00%) Front Office
4 1 (25.00%) General Ledger
Job Titles
1 2 (50.00%) Developer
1 2 (50.00%) Java Developer
1 2 (50.00%) Senior Developer
1 2 (50.00%) Senior Java Developer
2 1 (25.00%) Analyst
2 1 (25.00%) Software Engineer
2 1 (25.00%) Technical Analyst
Libraries, Frameworks & Software Standards
1 2 (50.00%) RESTful
1 2 (50.00%) Spring
1 2 (50.00%) Spring Boot
2 1 (25.00%) .NET
2 1 (25.00%) XML
Miscellaneous
1 4 (100.00%) Derivative
1 4 (100.00%) Foreign Exchange (FX)
2 2 (50.00%) Data Structures
3 1 (25.00%) Replication
Processes & Methodologies
1 3 (75.00%) CI/CD
1 3 (75.00%) DevOps
1 3 (75.00%) TDD
2 2 (50.00%) API Design
2 2 (50.00%) BDD
2 2 (50.00%) Microservices
2 2 (50.00%) Multithreading
3 1 (25.00%) Defect Management
3 1 (25.00%) Software Engineering
3 1 (25.00%) Test Scripting
3 1 (25.00%) Test Strategy
3 1 (25.00%) Validation
3 1 (25.00%) Workflow
Programming Languages
1 2 (50.00%) Java
1 2 (50.00%) Java 11
1 2 (50.00%) Java 8
Qualifications
1 1 (25.00%) ACCA
1 1 (25.00%) CIMA
Quality Assurance & Compliance
1 1 (25.00%) GAAP
1 1 (25.00%) IFRS
Vendors
1 1 (25.00%) Calypso
1 1 (25.00%) Murex
1 1 (25.00%) Oracle