Period
to 27 January 2022

The following table provides summary statistics for contract job vacancies advertised in the City of London with a requirement for Validation skills. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Validation over the 6 months to 27 January 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.

Validation
Central London > City of London
6 months to
27 Jan 2022
Same period 2021 Same period 2020
Rank 132 84 142
Rank change year-on-year -48 +58 +18
Contract jobs citing Validation 54 48 57
As % of all contract jobs advertised in the City of London 1.34% 2.28% 1.17%
As % of the Processes & Methodologies category 1.48% 2.51% 1.31%
Number of daily rates quoted 33 26 39
10th Percentile £366 £350 £338
25th Percentile £419 £413 £445
Median daily rate (50th Percentile) £525 £538 £508
Median % change year-on-year -2.33% +5.91% -3.33%
75th Percentile £600 £575 £560
90th Percentile £740 £625 £738
Central London median daily rate £525 £525 £498
% change year-on-year - +5.53% -5.24%
Number of hourly rates quoted 0 1 4
10th Percentile - - -
25th Percentile - £25.75 £22.48
Median hourly rate - £26.50 £25.31
Median % change year-on-year - +4.70% -4.49%
75th Percentile - £27.25 £33.25
90th Percentile - - £44.05
Central London median hourly rate - £26.50 £25.31
% change year-on-year - +4.70% -4.49%

Validation is in the Processes and Methodologies 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 process or methodology skills.

All Process and Methodology Skills
City of London
Contract vacancies with a requirement for process or methodology skills 3,652 1,911 4,335
As % of all contract IT jobs advertised in the City of London 90.96% 90.61% 89.03%
Number of daily rates quoted 2,840 1,443 3,383
10th Percentile £375 £313 £319
25th Percentile £475 £413 £413
Median daily rate (50th Percentile) £550 £525 £513
Median % change year-on-year +4.76% +2.44% -
75th Percentile £657 £602 £613
90th Percentile £750 £688 £688
Central London median daily rate £550 £515 £510
% change year-on-year +6.80% +0.98% -0.49%
Number of hourly rates quoted 36 21 47
10th Percentile £19.13 £13.54 £12.02
25th Percentile £33.19 £17.00 £14.63
Median hourly rate £43.50 £26.50 £20.00
Median % change year-on-year +64.15% +32.50% +5.26%
75th Percentile £61.75 £36.50 £25.76
90th Percentile £64.25 £46.00 £52.25
Central London median hourly rate £43.50 £27.00 £21.00
% change year-on-year +61.11% +28.57% +9.09%

Validation
Job Vacancy Trend in the City of London

Job postings citing Validation as a proportion of all IT jobs advertised in the City of London.

Job vacancy trend for Validation in the City of London

Validation
Contractor Daily Rate Trend in the City of London

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

Daily rate trend for Validation in the City of London

Validation
Daily Rate Histogram in the City of London

Daily rate distribution for jobs citing Validation in the City of London over the 6 months to 27 January 2022.

Daily rate histogram for Validation in the City of London

Validation
Contractor Hourly Rate Trend in the City of London

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

Hourly rate trend for Validation in the City of London

For the 6 months to 27 January 2022, IT contractor jobs citing Validation 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 Validation.

1 20 (37.04%) Finance
2 18 (33.33%) Front Office
3 15 (27.78%) Model Validation
4 13 (24.07%) C++
5 12 (22.22%) SQL
5 12 (22.22%) Agile Software Development
5 12 (22.22%) Degree
6 11 (20.37%) Python
7 9 (16.67%) Statistical Analysis
8 8 (14.81%) R
8 8 (14.81%) Market Risk
8 8 (14.81%) Credit Risk
8 8 (14.81%) Social Skills
9 7 (12.96%) Documentation Skills
9 7 (12.96%) Data Validation
9 7 (12.96%) Swaptions
9 7 (12.96%) Mathematics
9 7 (12.96%) Migration
9 7 (12.96%) Banking
9 7 (12.96%) VBA
10 6 (11.11%) JIRA
10 6 (11.11%) Analytics
10 6 (11.11%) DevOps
11 5 (9.26%) Analytical Skills
11 5 (9.26%) QA
11 5 (9.26%) Azure
11 5 (9.26%) Data Modelling
11 5 (9.26%) C#
11 5 (9.26%) XML
11 5 (9.26%) ITIL

Validation
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 2 (3.70%) Confluence
1 2 (3.70%) IIS
1 2 (3.70%) nginx
1 2 (3.70%) OpenStack
2 1 (1.85%) Apache Airflow
2 1 (1.85%) Apache Spark
2 1 (1.85%) Jupyter
2 1 (1.85%) SharePoint
2 1 (1.85%) WebLogic
Applications
1 2 (3.70%) Microsoft PowerPoint
2 1 (1.85%) Microsoft Excel
2 1 (1.85%) Microsoft Office
2 1 (1.85%) MS Visio
Business Applications
1 2 (3.70%) Salesforce.com CRM
2 1 (1.85%) BusinessWorks
2 1 (1.85%) Oracle Cash Management
2 1 (1.85%) RMDS
Cloud Services
1 5 (9.26%) Azure
2 3 (5.56%) AWS
3 2 (3.70%) Force.com
3 2 (3.70%) IaaS
3 2 (3.70%) PaaS
4 1 (1.85%) Amazon EMR
4 1 (1.85%) Azure Active Directory
4 1 (1.85%) GitHub
4 1 (1.85%) Microsoft 365
4 1 (1.85%) SaaS
4 1 (1.85%) SuccessFactors
4 1 (1.85%) Tricentis Tosca
Communications & Networking
1 4 (7.41%) DNS
2 3 (5.56%) HTTP
3 2 (3.70%) SSL
4 1 (1.85%) DHCP
4 1 (1.85%) HTTPS
4 1 (1.85%) TCP/IP
Database & Business Intelligence
1 4 (7.41%) SQL Server
2 3 (5.56%) MySQL
2 3 (5.56%) PostgreSQL
3 2 (3.70%) Couchbase
3 2 (3.70%) Hadoop
3 2 (3.70%) MongoDB
3 2 (3.70%) Relational Database
4 1 (1.85%) Big Data
4 1 (1.85%) Data Mining
4 1 (1.85%) Data Warehouse
4 1 (1.85%) Metadata
4 1 (1.85%) Parquet
4 1 (1.85%) PowerCenter
4 1 (1.85%) RDBMS
Development Applications
1 6 (11.11%) JIRA
2 2 (3.70%) Git (software)
2 2 (3.70%) Sonatype Nexus
2 2 (3.70%) Visual Studio
3 1 (1.85%) Gradle
3 1 (1.85%) Grunt
3 1 (1.85%) gulp
3 1 (1.85%) Jasmine
3 1 (1.85%) Jenkins
3 1 (1.85%) Maven
3 1 (1.85%) PhantomJS
3 1 (1.85%) Postman
3 1 (1.85%) SoapUI
3 1 (1.85%) Toad
3 1 (1.85%) webpack
General
1 20 (37.04%) Finance
2 18 (33.33%) Front Office
3 8 (14.81%) Social Skills
4 7 (12.96%) Banking
4 7 (12.96%) Documentation Skills
5 5 (9.26%) Analytical Skills
6 4 (7.41%) Investment Banking
7 3 (5.56%) Financial Institution
7 3 (5.56%) Legal
7 3 (5.56%) Presentation Skills
8 2 (3.70%) Public Sector
9 1 (1.85%) Back Office
9 1 (1.85%) Billing
9 1 (1.85%) Electronics
9 1 (1.85%) Games
9 1 (1.85%) Manufacturing
9 1 (1.85%) Marketing
9 1 (1.85%) Organisational Skills
9 1 (1.85%) Publishing
Job Titles
1 26 (48.15%) Analyst
2 14 (25.93%) Qualitative Analyst
2 14 (25.93%) Quantitative Analyst
3 8 (14.81%) Developer
4 7 (12.96%) Quantitative Risk Analyst
4 7 (12.96%) Risk Analyst
5 5 (9.26%) Architect
5 5 (9.26%) Business Analyst
5 5 (9.26%) Data Analyst
5 5 (9.26%) Market Analyst
5 5 (9.26%) Market Risk Analyst
6 3 (5.56%) Salesforce Developer
7 2 (3.70%) Azure Architect
7 2 (3.70%) Business Data Analyst
7 2 (3.70%) Cloud Architect
7 2 (3.70%) Data Engineer
7 2 (3.70%) Enterprise Architect
7 2 (3.70%) IT Analyst
7 2 (3.70%) Senior Analyst
7 2 (3.70%) Tester
Libraries, Frameworks & Software Standards
1 5 (9.26%) XML
2 4 (7.41%) HTML
2 4 (7.41%) REST
3 3 (5.56%) SOAP
3 3 (5.56%) Spring
4 2 (3.70%) COM
4 2 (3.70%) CSS
4 2 (3.70%) gRPC
4 2 (3.70%) JSON
4 2 (3.70%) JWT
4 2 (3.70%) Kafka
4 2 (3.70%) OAuth
4 2 (3.70%) RabbitMQ
4 2 (3.70%) Rendezvous
4 2 (3.70%) Visualforce
5 1 (1.85%) Jest
5 1 (1.85%) Pandas
5 1 (1.85%) pytest
5 1 (1.85%) RESTful
5 1 (1.85%) Sass
Miscellaneous
1 8 (14.81%) Credit Risk
1 8 (14.81%) Market Risk
2 7 (12.96%) Swaptions
3 3 (5.56%) User Experience
4 2 (3.70%) Derivative
4 2 (3.70%) Enterprise Software
4 2 (3.70%) Foreign Exchange (FX)
4 2 (3.70%) Hedge funds
4 2 (3.70%) NHS
4 2 (3.70%) PKI
4 2 (3.70%) Wiki
5 1 (1.85%) Algorithms
5 1 (1.85%) Blog
5 1 (1.85%) Data Centre
5 1 (1.85%) Data Structures
5 1 (1.85%) Driving Licence
5 1 (1.85%) Fixed Income
5 1 (1.85%) Life Science
5 1 (1.85%) Management Information System
5 1 (1.85%) Mobile App
Operating Systems
1 4 (7.41%) Windows
2 3 (5.56%) Linux
2 3 (5.56%) Unix
3 2 (3.70%) Debian
3 2 (3.70%) Ubuntu
Processes & Methodologies
1 15 (27.78%) Model Validation
2 12 (22.22%) Agile Software Development
3 9 (16.67%) Statistical Analysis
4 7 (12.96%) Data Validation
4 7 (12.96%) Mathematics
4 7 (12.96%) Migration
5 6 (11.11%) Analytics
5 6 (11.11%) DevOps
6 5 (9.26%) Data Modelling
6 5 (9.26%) ITIL
6 5 (9.26%) SDLC
7 4 (7.41%) Data Protection
7 4 (7.41%) Data Science
7 4 (7.41%) Logical Data Model
7 4 (7.41%) Physics
7 4 (7.41%) Scrum
7 4 (7.41%) Statistics
7 4 (7.41%) User Stories
8 3 (5.56%) Problem-Solving
8 3 (5.56%) Requirements Gathering
Programming Languages
1 13 (24.07%) C++
2 12 (22.22%) SQL
3 11 (20.37%) Python
4 8 (14.81%) R
5 7 (12.96%) VBA
6 5 (9.26%) C#
7 4 (7.41%) Java
8 3 (5.56%) JavaScript
9 2 (3.70%) Apex Code
9 2 (3.70%) ES6
9 2 (3.70%) Formula Language
9 2 (3.70%) Perl
9 2 (3.70%) SOQL
9 2 (3.70%) SOSL
10 1 (1.85%) Java 8
10 1 (1.85%) Scala
Qualifications
1 12 (22.22%) Degree
2 4 (7.41%) PhD
3 2 (3.70%) Postgraduate
3 2 (3.70%) SC Cleared
3 2 (3.70%) Security Cleared
4 1 (1.85%) Computer Science Degree
4 1 (1.85%) ISEB
4 1 (1.85%) ISTQB
4 1 (1.85%) ISTQB Foundation Certification
Quality Assurance & Compliance
1 5 (9.26%) QA
2 4 (7.41%) Data Quality
3 2 (3.70%) EMIR
3 2 (3.70%) GDPR
3 2 (3.70%) MiFID
4 1 (1.85%) Accessibility
4 1 (1.85%) CDISC
4 1 (1.85%) LOINC
4 1 (1.85%) SNOMED CT
System Software
1 2 (3.70%) Docker
1 2 (3.70%) vCloud
2 1 (1.85%) Active Directory
Systems Management
1 3 (5.56%) Terraform
2 2 (3.70%) Ansible
2 2 (3.70%) Consul
2 2 (3.70%) Fluentd
2 2 (3.70%) Grafana
2 2 (3.70%) HAProxy
2 2 (3.70%) Kubernetes
2 2 (3.70%) Prometheus
2 2 (3.70%) ZABBIX
3 1 (1.85%) Active Directory Federation Services
3 1 (1.85%) BladeLogic
3 1 (1.85%) Opscode Chef
Vendors
1 5 (9.26%) Microsoft
2 3 (5.56%) CyberArk
2 3 (5.56%) Oracle
2 3 (5.56%) Salesforce.com
2 3 (5.56%) VMware
3 2 (3.70%) CA
3 2 (3.70%) Red Hat
3 2 (3.70%) SAP
3 2 (3.70%) Sonatype
3 2 (3.70%) Sun
3 2 (3.70%) TIBCO
4 1 (1.85%) Anaplan
4 1 (1.85%) BMC
4 1 (1.85%) Capita
4 1 (1.85%) Infoblox
4 1 (1.85%) Informatica
4 1 (1.85%) Salesforce Marketing Cloud
4 1 (1.85%) TOWER Software
4 1 (1.85%) webMethods