Period
to 24 January 2018

The median contractor rate for a RAD Developer was £595 per day in advertised job vacancies in the City of London during the 6 months to 24 January 2018.

The first table below provides contractor rate benchmarking and summary statistics including a comparison to 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.

Rapid Application Developer (RAD) Developer
Central London > City of London
6 months to
24 Jan 2018
Same period 2017 Same period 2016
Rank 243 233 229
Rank change year-on-year -10 -4 +46
Contract jobs requiring a RAD Developer 5 2 6
As % of all contract IT jobs advertised in the City of London 0.070% 0.032% 0.087%
As % of the Job Titles category 0.074% 0.034% 0.091%
Number of daily rates quoted 5 1 6
City of London median daily rate £595 £500 £525
Median daily rate % change year-on-year +19.00% -4.76% +2.94%
10th Percentile £514 £475 £491
90th Percentile £686 £525 £650
Central London median daily rate £390 £500 £525
% change year-on-year -22.00% -4.76% +2.94%
Number of hourly rates quoted 0 0 0
City of London median hourly rate - - -
Central London median hourly rate - - -

The following table is for comparison with the above and includes summary statistics for all contract IT job vacancies advertised in the City of London. Most job vacancies include a discernible job title that can be normalized. As such, the figures in the second row provide an indication of the number of contract jobs in our overall sample.

All Contract IT Job Vacancies
City of London
Contract vacancies in the City of London with a recognized job title 6,722 5,934 6,585
% of contract IT jobs with a recognized job title 94.22% 95.49% 95.73%
Number of daily rates quoted 5,349 4,709 5,198
City of London median daily rate £500 £475 £460
Median daily rate % change year-on-year +5.26% +3.26% +5.14%
10th Percentile £313 £313 £275
90th Percentile £688 £663 £650
Central London median daily rate £500 £475 £450
% change year-on-year +5.26% +5.56% +5.76%
Number of hourly rates quoted 93 68 99
City of London median hourly rate £17.00 £17.66 £19.99
Median hourly rate % change year-on-year -3.75% -11.64% +17.59%
10th Percentile £11.25 £12.68 £11.90
90th Percentile £30.95 £55.00 £41.35
Central London median hourly rate £18.10 £17.00 £19.50
% change year-on-year +6.47% -12.82% +18.18%

RAD Developer
Job Vacancy Trend in the City of London

Job postings that featured RAD Developer in the job title as a percentage of all IT jobs advertised in the City of London.

Job vacancy trend for RAD Developer in the City of London

RAD Developer
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 RAD Developer in the City of London.

Contractor daily rate trend for RAD Developer in the City of London

RAD Developer
Contractor Daily Rate Histogram in the City of London

The daily rate distribution of IT jobs citing RAD Developer in the City of London over the 6 months to 24 January 2018.

Contractor daily rate histogram for RAD Developer in the City of London

RAD Developer Skill Set
Top 30 Co-occurring IT Skills in the City of London

For the 6 months to 24 January 2018, RAD Developer contract jobs required the following IT 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 featuring RAD Developer in the job title.

1 5 (100.00%) VBA
1 5 (100.00%) Microsoft Excel
2 4 (80.00%) Front Office
2 4 (80.00%) RAD
3 3 (60.00%) SQL
3 3 (60.00%) Finance
3 3 (60.00%) Derivative
4 2 (40.00%) MDX
4 2 (40.00%) Wealth Management
4 2 (40.00%) Agile Software Development
4 2 (40.00%) Banking
4 2 (40.00%) C#
4 2 (40.00%) Oracle
4 2 (40.00%) SQL Server
4 2 (40.00%) Python
4 2 (40.00%) Microsoft
5 1 (20.00%) Foreign Exchange (FX)
5 1 (20.00%) Risk Management
5 1 (20.00%) OO
5 1 (20.00%) C++
5 1 (20.00%) Java
5 1 (20.00%) C
5 1 (20.00%) RMDS
5 1 (20.00%) Data Analysis
5 1 (20.00%) Investment Banking
5 1 (20.00%) Fixed Income
5 1 (20.00%) Equity Derivative
5 1 (20.00%) Web Development
5 1 (20.00%) KDB
5 1 (20.00%) Spreadsheet

RAD Developer Skill Set
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:

Applications
1 5 (100.00%) Microsoft Excel
2 1 (20.00%) Spreadsheet
Business Applications
1 1 (20.00%) Orchestrade
1 1 (20.00%) RMDS
Database & Business Intelligence
1 2 (40.00%) SQL Server
2 1 (20.00%) KDB
General
1 4 (80.00%) Front Office
2 3 (60.00%) Finance
3 2 (40.00%) Banking
4 1 (20.00%) Investment Banking
Libraries, Frameworks & Software Standards
1 2 (40.00%) MDX
Miscellaneous
1 3 (60.00%) Derivative
2 1 (20.00%) Equity Derivative
2 1 (20.00%) Fintech
2 1 (20.00%) Fixed Income
2 1 (20.00%) Foreign Exchange (FX)
Processes & Methodologies
1 4 (80.00%) RAD
2 2 (40.00%) Agile Software Development
2 2 (40.00%) Wealth Management
3 1 (20.00%) Data Analysis
3 1 (20.00%) Machine Learning
3 1 (20.00%) OO
3 1 (20.00%) Risk Management
3 1 (20.00%) Web Development
Programming Languages
1 5 (100.00%) VBA
2 3 (60.00%) SQL
3 2 (40.00%) C#
3 2 (40.00%) Python
4 1 (20.00%) C
4 1 (20.00%) C++
4 1 (20.00%) Java
4 1 (20.00%) R
Vendors
1 2 (40.00%) Microsoft
1 2 (40.00%) Oracle