Period
to 22 November 2017

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 22 November 2017 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.

PhD
Central London > City of London
6 months to
22 Nov 2017
Same period 2016 Same period 2015
Rank 223 232 239
Rank change year-on-year +9 +7 +38
Contract jobs citing PhD 34 12 32
As % of all contract IT jobs advertised in the City of London 0.47% 0.18% 0.36%
As % of the Qualifications category 3.42% 1.15% 2.34%
Number of daily rates quoted 31 11 31
City of London median daily rate £775 £500 £650
Median daily rate % change year-on-year +55.00% -23.08% -3.70%
10th Percentile £625 £363 £400
90th Percentile £913 £663 £775
Central London median daily rate £775 £538 £650
% change year-on-year +44.19% -17.31% -3.70%
Number of hourly rates quoted 0 0 0
City of London median hourly rate - - -
Central London median hourly rate £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 993 1042 1366
As % of all contract IT jobs advertised in the City of London 13.87% 15.56% 15.20%
Number of daily rates quoted 704 731 999
City of London median daily rate £488 £450 £442
Median daily rate % change year-on-year +8.33% +1.81% +4.00%
10th Percentile £300 £275 £262
90th Percentile £675 £625 £638
Central London median daily rate £475 £450 £440
% change year-on-year +5.56% +2.27% +3.53%
Number of hourly rates quoted 26 14 28
City of London median hourly rate £18.70 £19.00 £18.35
Median hourly rate % change year-on-year -1.58% +3.54% +20.33%
10th Percentile £13.31 £16.16 £11.23
90th Percentile £29.64 £29.38 £38.50
Central London median hourly rate £19.00 £19.00 £18.00
% change year-on-year - +5.56% +5.88%

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 22 November 2017.

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 22 November 2017, IT contractor jobs citing PhD 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 PhD.

1 25 (73.53%) Foreign Exchange (FX)
1 25 (73.53%) C++
2 24 (70.59%) Front Office
3 23 (67.65%) Java
3 23 (67.65%) Low Latency
4 22 (64.71%) Linux
4 22 (64.71%) Analytical Skills
5 21 (61.76%) Data Structures
5 21 (61.76%) Market Making
5 21 (61.76%) Algorithmic Trading
6 18 (52.94%) Degree
7 17 (50.00%) Multithreading
8 16 (47.06%) Finance
9 15 (44.12%) Algorithms
10 11 (32.35%) FX Algorithmic Trading
10 11 (32.35%) Analytics
11 9 (26.47%) KDB
12 8 (23.53%) Mathematics
13 7 (20.59%) Risk Management
13 7 (20.59%) Quantitative Risk Management
14 6 (17.65%) Physics
14 6 (17.65%) Statistics
14 6 (17.65%) Python
14 6 (17.65%) Banking
15 5 (14.71%) SQL
15 5 (14.71%) R
16 4 (11.76%) Econometrics
17 3 (8.82%) Quantitative Research
17 3 (8.82%) Fixed Income
17 3 (8.82%) OO

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 1 (2.94%) Apache Spark
Cloud Services
1 1 (2.94%) Google Cloud Platform
1 1 (2.94%) Microsoft Azure
Database & Business Intelligence
1 9 (26.47%) KDB
2 2 (5.88%) Big Data
2 2 (5.88%) Hadoop
Development Applications
1 1 (2.94%) RStudio
General
1 24 (70.59%) Front Office
2 16 (47.06%) Finance
3 6 (17.65%) Banking
4 3 (8.82%) Financial Institution
4 3 (8.82%) Marketing
5 2 (5.88%) Investment Banking
Job Titles
1 27 (79.41%) Developer
2 14 (41.18%) Algorithmic Trading Developer
3 10 (29.41%) Java Developer
4 8 (23.53%) C++ Developer
4 8 (23.53%) Senior Developer
5 7 (20.59%) C++/Java Developer
6 5 (14.71%) Senior C++ Developer
7 4 (11.76%) Data Scientist
7 4 (11.76%) Java Developer - Algorithmic Trading
7 4 (11.76%) Linux Developer
7 4 (11.76%) Low Latency Java Developer
7 4 (11.76%) Quantitative Developer
7 4 (11.76%) Senior Java Developer
7 4 (11.76%) Senior SQL Developer
7 4 (11.76%) SQL Developer
8 3 (8.82%) C++ Developer - Algorithmic Trading
8 3 (8.82%) Low Latency C++ Developer
8 3 (8.82%) Qualitative Analyst
8 3 (8.82%) Quantitative Analyst
8 3 (8.82%) Senior Data Scientist
Miscellaneous
1 25 (73.53%) Foreign Exchange (FX)
2 22 (64.71%) Analytical Skills
3 21 (61.76%) Data Structures
4 15 (44.12%) Algorithms
5 3 (8.82%) Fixed Income
6 2 (5.88%) Computer Science
7 1 (2.94%) Credit Risk
Operating Systems
1 22 (64.71%) Linux
Processes & Methodologies
1 23 (67.65%) Low Latency
2 21 (61.76%) Algorithmic Trading
2 21 (61.76%) Market Making
3 17 (50.00%) Multithreading
4 11 (32.35%) Analytics
4 11 (32.35%) FX Algorithmic Trading
5 8 (23.53%) Mathematics
6 7 (20.59%) Quantitative Risk Management
6 7 (20.59%) Risk Management
7 6 (17.65%) Physics
7 6 (17.65%) Statistics
8 4 (11.76%) Econometrics
9 3 (8.82%) Electronic Trading
9 3 (8.82%) Machine Learning
9 3 (8.82%) OO
9 3 (8.82%) Project Management
9 3 (8.82%) Quantitative Research
9 3 (8.82%) Stochastic Calculus
10 2 (5.88%) Deep Learning
10 2 (5.88%) Mathematical Modelling
Programming Languages
1 25 (73.53%) C++
2 23 (67.65%) Java
3 6 (17.65%) Python
4 5 (14.71%) R
4 5 (14.71%) SQL
5 1 (2.94%) Bash Shell
5 1 (2.94%) Perl
5 1 (2.94%) Scala
Qualifications
1 18 (52.94%) Degree
Quality Assurance & Compliance
1 3 (8.82%) EMIR
Vendors
1 1 (2.94%) Alteryx
1 1 (2.94%) Google
1 1 (2.94%) Microsoft
1 1 (2.94%) Oracle
1 1 (2.94%) Tableau