Period
to 9 December 2019

The following table provides summary statistics for contract job vacancies advertised in the City of London with a requirement for PhD qualifications. Included is a benchmarking guide to the contractor rates offered over the 6 months to 9 December 2019 with a comparison to the same period in 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.

Doctor of Philosophy (PhD, DPhil, EngD, Doctorate)
Central London > City of London
6 months to
9 Dec 2019
Same period 2018 Same period 2017
Rank 186 237 219
Rank change year-on-year +51 -18 +11
Contract jobs citing PhD 32 24 37
As % of all contract IT jobs advertised in the City of London 0.56% 0.34% 0.52%
As % of the Qualifications category 3.75% 2.45% 3.56%
Number of daily rates quoted 31 12 32
City of London median daily rate £600 £650 £775
Median daily rate % change year-on-year -7.69% -16.13% +44.19%
10th Percentile £463 £435 £676
90th Percentile £850 £796 £913
Central London median daily rate £600 £600 £775
% change year-on-year - -22.58% +34.78%
Number of hourly rates quoted 0 0 0
City of London median hourly rate - - -
Central London median hourly rate £22.50 - £35.50

PhD is in the Academic Qualifications and Professional Certifications 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 academic qualifications or professional certifications.

All Academic and Professional Certifications
City of London
Contract vacancies requiring academic qualifications or professional certifications 854 980 1,038
As % of all contract IT jobs advertised in the City of London 15.05% 13.82% 14.53%
Number of daily rates quoted 650 691 747
City of London median daily rate £500 £475 £500
Median daily rate % change year-on-year +5.26% -5.00% +11.11%
10th Percentile £282 £238 £298
90th Percentile £688 £675 £688
Central London median daily rate £500 £475 £483
% change year-on-year +5.26% -1.55% +7.22%
Number of hourly rates quoted 13 44 24
City of London median hourly rate £22.93 £18.70 £18.70
Median hourly rate % change year-on-year +22.62% - -1.58%
10th Percentile £10.60 £13.30 £13.31
90th Percentile £52.05 £25.50 £30.08
Central London median hourly rate £22.50 £18.70 £20.50
% change year-on-year +20.32% -8.78% +7.89%

PhD
Job Vacancy Trend in the City of London

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

Job vacancy trend for PhD in the City of London

PhD
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 PhD in the City of London.

Contractor daily rate trend for PhD in the City of London

PhD
Contractor Daily Rate Histogram in the City of London

The daily rate distribution of IT jobs citing PhD in the City of London over the 6 months to 9 December 2019.

Contractor daily rate histogram for PhD in the City of London

PhD
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 PhD in the City of London.

Contractor hourly rate trend for PhD in the City of London

For the 6 months to 9 December 2019, IT contractor jobs citing PhD 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 PhD.

1 26 (81.25%) Data Science
2 25 (78.13%) Machine Learning
3 24 (75.00%) Python
4 20 (62.50%) Artificial Intelligence
5 19 (59.38%) Natural Language Processing
6 18 (56.25%) C++
7 16 (50.00%) Computer Vision
8 15 (46.88%) Java
9 13 (40.63%) Statistics
10 11 (34.38%) Computer Science
10 11 (34.38%) Microservices
10 11 (34.38%) Algorithms
11 9 (28.13%) Degree
12 8 (25.00%) Finance
13 7 (21.88%) Mathematics
13 7 (21.88%) Open Source
14 6 (18.75%) Apache Spark
14 6 (18.75%) Big Data
14 6 (18.75%) Advertising
15 5 (15.63%) Front Office
15 5 (15.63%) SQL
15 5 (15.63%) Physics
15 5 (15.63%) Analytical Skills
15 5 (15.63%) AWS
16 4 (12.50%) Azure
16 4 (12.50%) SciPy
16 4 (12.50%) Use Case
16 4 (12.50%) Scala
16 4 (12.50%) Pandas
16 4 (12.50%) Agile Software Development

PhD
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 6 (18.75%) Apache Spark
2 2 (6.25%) DNN
2 2 (6.25%) Elasticsearch
3 1 (3.13%) Apache Airflow
Cloud Services
1 5 (15.63%) AWS
2 4 (12.50%) Azure
2 4 (12.50%) GCP
Database & Business Intelligence
1 6 (18.75%) Big Data
2 2 (6.25%) Flink
2 2 (6.25%) Hadoop
2 2 (6.25%) NoSQL
2 2 (6.25%) PostgreSQL
General
1 8 (25.00%) Finance
2 6 (18.75%) Advertising
3 5 (15.63%) Front Office
4 2 (6.25%) Telecoms
5 1 (3.13%) Banking
5 1 (3.13%) Publishing
5 1 (3.13%) Wholesale Banking
Job Titles
1 26 (81.25%) Data Scientist
2 11 (34.38%) Senior Data Scientist
3 4 (12.50%) Developer
3 4 (12.50%) Machine Learning Scientist
4 3 (9.38%) Quantitative Developer
5 2 (6.25%) Murex Developer
6 1 (3.13%) Analyst
6 1 (3.13%) Computer Scientist
6 1 (3.13%) Computer Vision Scientist
6 1 (3.13%) Credit Risk Developer
6 1 (3.13%) Qualitative Analyst
6 1 (3.13%) Quantitative Analyst
6 1 (3.13%) Senior Computer Scientist
Libraries, Frameworks & Software Standards
1 19 (59.38%) Natural Language Processing
2 4 (12.50%) MLlib
2 4 (12.50%) Pandas
2 4 (12.50%) SciPy
2 4 (12.50%) TensorFlow
3 3 (9.38%) OpenNLP
3 3 (9.38%) scikit-learn
4 2 (6.25%) D3.js
4 2 (6.25%) Samza
Miscellaneous
1 11 (34.38%) Algorithms
2 5 (15.63%) Analytical Skills
3 3 (9.38%) Foreign Exchange (FX)
4 2 (6.25%) Derivative
5 1 (3.13%) Credit Risk
5 1 (3.13%) User Experience
Processes & Methodologies
1 26 (81.25%) Data Science
2 25 (78.13%) Machine Learning
3 20 (62.50%) Artificial Intelligence
4 16 (50.00%) Computer Vision
5 13 (40.63%) Statistics
6 11 (34.38%) Computer Science
6 11 (34.38%) Microservices
7 7 (21.88%) Mathematics
7 7 (21.88%) Open Source
8 5 (15.63%) Physics
9 4 (12.50%) Agile Software Development
9 4 (12.50%) Use Case
10 3 (9.38%) Deep Learning
10 3 (9.38%) Statistical Modelling
10 3 (9.38%) Visualisation
11 2 (6.25%) Data Transformation
11 2 (6.25%) Reinforcement Learning
11 2 (6.25%) Software Engineering
11 2 (6.25%) Stochastic Calculus
12 1 (3.13%) Problem-Solving
Programming Languages
1 24 (75.00%) Python
2 18 (56.25%) C++
3 15 (46.88%) Java
4 5 (15.63%) SQL
5 4 (12.50%) Scala
6 2 (6.25%) R
7 1 (3.13%) C
Qualifications
1 9 (28.13%) Degree
2 4 (12.50%) Master's Degree
3 1 (3.13%) Computer Science Degree
Vendors
1 2 (6.25%) Google
1 2 (6.25%) Murex