Period
to 9 December 2021

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 2021 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 2021
Same period 2020 Same period 2019
Rank 178 112 189
Rank change year-on-year -66 +77 +51
Contract jobs citing PhD 8 9 32
As % of all contract jobs advertised in the City of London 0.19% 0.45% 0.56%
As % of the Qualifications category 1.43% 2.54% 3.75%
Number of daily rates quoted 1 4 31
Median daily rate (50th Percentile) £600 £675 £600
Median % change year-on-year -11.11% +12.50% -7.69%
Central London median daily rate £600 £675 £600
% change year-on-year -11.11% +12.50% -
Number of hourly rates quoted 1 5 0
Median hourly rate £50.50 £36.00 -
Median % change year-on-year +40.28% - -
Central London median hourly rate £50.50 £36.00 £22.50
% change year-on-year +40.28% +60.00% -

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 560 354 854
As % of all contract IT jobs advertised in the City of London 13.61% 17.78% 15.05%
Number of daily rates quoted 405 243 670
10th Percentile £328 £281 £287
25th Percentile £431 £406 £400
Median daily rate (50th Percentile) £550 £500 £500
Median % change year-on-year +10.00% - +5.26%
75th Percentile £638 £588 £613
90th Percentile £700 £658 £694
Central London median daily rate £543 £500 £500
% change year-on-year +8.50% - +5.26%
Number of hourly rates quoted 10 9 12
10th Percentile £19.83 £24.30 £10.55
25th Percentile £23.75 £27.00 £16.78
Median hourly rate £36.00 £36.00 £21.72
Median % change year-on-year - +65.78% +16.12%
75th Percentile £60.00 £39.25 £32.13
90th Percentile £67.05 £46.00 £52.15
Central London median hourly rate £36.00 £36.00 £22.72
% change year-on-year - +58.49% +21.47%

PhD
Job Vacancy Trend in the City of London

Job postings citing PhD as a proportion 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

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

Daily rate trend for PhD in the City of London

PhD
Contractor Hourly Rate Trend in the City of London

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

Hourly rate trend for PhD in the City of London

For the 6 months to 9 December 2021, 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 8 (100.00%) Degree
2 6 (75.00%) Mathematics
3 5 (62.50%) Statistics
3 5 (62.50%) Python
4 4 (50.00%) Finance
4 4 (50.00%) Physics
5 3 (37.50%) Front Office
5 3 (37.50%) Validation
5 3 (37.50%) Model Validation
6 2 (25.00%) Master's Degree
6 2 (25.00%) Numerate Degree
6 2 (25.00%) Analytical Skills
6 2 (25.00%) Fixed Income
6 2 (25.00%) dBASE
6 2 (25.00%) Management Information System
6 2 (25.00%) C++
6 2 (25.00%) SQL
6 2 (25.00%) Windows
6 2 (25.00%) Linux
6 2 (25.00%) Computer Science
6 2 (25.00%) Hedge funds
6 2 (25.00%) MongoDB
7 1 (12.50%) R
7 1 (12.50%) Natural Language Processing
7 1 (12.50%) Neo4j
7 1 (12.50%) Deep Learning
7 1 (12.50%) SNOMED CT
7 1 (12.50%) Swaptions
7 1 (12.50%) Product Management
7 1 (12.50%) Social Media

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:

Database & Business Intelligence
1 2 (25.00%) dBASE
1 2 (25.00%) MongoDB
2 1 (12.50%) Neo4j
General
1 4 (50.00%) Finance
2 3 (37.50%) Front Office
3 2 (25.00%) Analytical Skills
4 1 (12.50%) Marketing
4 1 (12.50%) Social Science
4 1 (12.50%) Social Skills
Job Titles
1 2 (25.00%) Analyst
1 2 (25.00%) Developer
1 2 (25.00%) Python Developer
1 2 (25.00%) Qualitative Analyst
1 2 (25.00%) Quantitative Analyst
1 2 (25.00%) Quantitative Developer
2 1 (12.50%) Data Scientist
2 1 (12.50%) User Experience Researcher
Miscellaneous
1 2 (25.00%) Fixed Income
1 2 (25.00%) Hedge funds
1 2 (25.00%) Management Information System
2 1 (12.50%) Social Media
2 1 (12.50%) Swaptions
2 1 (12.50%) User Experience
Operating Systems
1 2 (25.00%) Linux
1 2 (25.00%) Windows
Processes & Methodologies
1 6 (75.00%) Mathematics
2 5 (62.50%) Statistics
3 4 (50.00%) Physics
4 3 (37.50%) Model Validation
4 3 (37.50%) Validation
5 2 (25.00%) Computer Science
6 1 (12.50%) Bayesian Methods
6 1 (12.50%) Content Strategy
6 1 (12.50%) Data Science
6 1 (12.50%) Deep Learning
6 1 (12.50%) Economics
6 1 (12.50%) Entity Linking
6 1 (12.50%) Natural Language Processing
6 1 (12.50%) Neural Network
6 1 (12.50%) Product Management
6 1 (12.50%) Psychology
6 1 (12.50%) Qualitative Research
6 1 (12.50%) Quantitative Research
6 1 (12.50%) Reinforcement Learning
6 1 (12.50%) Sociology
Programming Languages
1 5 (62.50%) Python
2 2 (25.00%) C++
2 2 (25.00%) SQL
3 1 (12.50%) R
Qualifications
1 8 (100.00%) Degree
2 2 (25.00%) Master's Degree
2 2 (25.00%) Numerate Degree
Quality Assurance & Compliance
1 1 (12.50%) SNOMED CT