Period
to

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 25 May 2022 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
25 May 2022
Same period 2021 Same period 2020
Rank 168 131 151
Rank change year-on-year -37 +20 +58
Contract jobs citing PhD 18 23 6
As % of all contract jobs advertised in the City of London 0.43% 0.81% 0.19%
As % of the Qualifications category 2.51% 5.04% 1.16%
Number of daily rates quoted 0 10 5
10th Percentile - £494 -
25th Percentile - £553 £413
Median daily rate (50th Percentile) - £725 £450
Median % change year-on-year - +61.11% -30.77%
75th Percentile - £809 £488
90th Percentile - £825 £645
Central London median daily rate - £725 £450
% change year-on-year - +61.11% -30.77%
Number of hourly rates quoted 8 2 0
10th Percentile - £25.70 -
25th Percentile £18.50 £28.25 -
Median hourly rate £49.50 £33.50 -
Median % change year-on-year +47.76% - -
75th Percentile £52.63 £38.75 -
90th Percentile £56.30 £41.30 -
Central London median hourly rate £49.50 £33.50 -
% change year-on-year +47.76% - -

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 717 456 519
As % of all contract IT jobs advertised in the City of London 17.17% 15.99% 16.44%
Number of daily rates quoted 477 304 349
10th Percentile £365 £301 £300
25th Percentile £481 £413 £400
Median daily rate (50th Percentile) £550 £525 £500
Median % change year-on-year +4.76% +5.00% -1.96%
75th Percentile £640 £638 £588
90th Percentile £725 £716 £650
Central London median daily rate £550 £525 £500
% change year-on-year +4.76% +5.00% -
Number of hourly rates quoted 20 9 7
10th Percentile £18.50 £15.30 £18.59
25th Percentile £35.94 £17.50 £22.74
Median hourly rate £44.50 £27.00 £46.50
Median % change year-on-year +64.81% -41.94% +125.24%
75th Percentile £56.13 £28.75 £52.25
90th Percentile £66.35 £35.00 £52.55
Central London median hourly rate £44.50 £22.00 £29.34
% change year-on-year +102.27% -25.01% +42.10%

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

PhD
Hourly Rate Histogram in the City of London

Hourly rate distribution of jobs citing PhD in the City of London over the 6 months to 25 May 2022.

Hourly rate histogram for PhD in the City of London

For the 6 months to 25 May 2022, 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 16 (88.89%) Degree
2 12 (66.67%) Mathematics
3 10 (55.56%) C++
3 10 (55.56%) Front Office
3 10 (55.56%) Physics
3 10 (55.56%) Statistics
4 8 (44.44%) Investment Banking
4 8 (44.44%) Validation
4 8 (44.44%) Banking
4 8 (44.44%) Social Media
4 8 (44.44%) Model Validation
5 7 (38.89%) Python
6 6 (33.33%) Finance
7 5 (27.78%) Linear Algebra
7 5 (27.78%) Probability Theory
7 5 (27.78%) Stochastic Calculus
7 5 (27.78%) Numerate Degree
8 4 (22.22%) Algorithms
8 4 (22.22%) Data Analysis
9 3 (16.67%) Artificial Intelligence
9 3 (16.67%) Project Planning
9 3 (16.67%) Psychology
9 3 (16.67%) Face Detection
9 3 (16.67%) Data Science
9 3 (16.67%) Sociology
9 3 (16.67%) Computer Vision
9 3 (16.67%) Machine Learning
9 3 (16.67%) User Experience
9 3 (16.67%) Qualitative Research
9 3 (16.67%) Social Skills

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 1 (5.56%) Data Mining
General
1 10 (55.56%) Front Office
2 8 (44.44%) Banking
2 8 (44.44%) Investment Banking
3 6 (33.33%) Finance
4 3 (16.67%) Social Skills
5 2 (11.11%) Analytical Skills
5 2 (11.11%) Social Science
6 1 (5.56%) Financial Institution
Job Titles
1 11 (61.11%) Analyst
2 8 (44.44%) Qualitative Analyst
2 8 (44.44%) Quantitative Analyst
3 3 (16.67%) Data Analyst
3 3 (16.67%) User Experience Researcher
4 2 (11.11%) Data Scientist
5 1 (5.56%) Developer
5 1 (5.56%) Electronic Trading Developer
5 1 (5.56%) Front Office Developer
5 1 (5.56%) Python Developer
5 1 (5.56%) Quantitative Developer
Miscellaneous
1 8 (44.44%) Social Media
2 4 (22.22%) Algorithms
3 3 (16.67%) User Experience
4 2 (11.11%) Foreign Exchange (FX)
5 1 (5.56%) Data Structures
5 1 (5.56%) Derivative
5 1 (5.56%) Fixed Income
5 1 (5.56%) Market Risk
Processes & Methodologies
1 12 (66.67%) Mathematics
2 10 (55.56%) Physics
2 10 (55.56%) Statistics
3 8 (44.44%) Model Validation
3 8 (44.44%) Validation
4 5 (27.78%) Linear Algebra
4 5 (27.78%) Probability Theory
4 5 (27.78%) Stochastic Calculus
5 4 (22.22%) Data Analysis
6 3 (16.67%) Artificial Intelligence
6 3 (16.67%) Computer Vision
6 3 (16.67%) Data Science
6 3 (16.67%) Face Detection
6 3 (16.67%) Machine Learning
6 3 (16.67%) Project Planning
6 3 (16.67%) Psychology
6 3 (16.67%) Qualitative Research
6 3 (16.67%) Sociology
6 3 (16.67%) UX Research
7 2 (11.11%) Anthropology
Programming Languages
1 10 (55.56%) C++
2 7 (38.89%) Python
3 2 (11.11%) SQL
4 1 (5.56%) R
Qualifications
1 16 (88.89%) Degree
2 5 (27.78%) Numerate Degree
Vendors
1 1 (5.56%) Facebook