Backtesting Contracts in the City of Westminster

Backtesting
Central London > City of Westminster

The following table provides summary statistics for contract job vacancies advertised in the City of Westminster with a requirement for Backtesting skills. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Backtesting over the 6 months to 1 May 2024 with a comparison to the same period in the previous 2 years.

6 months to
1 May 2024
Same period 2023 Same period 2022
Rank 11 - -
Rank change year-on-year - - -
Contract jobs citing Backtesting 2 0 0
As % of all contract jobs advertised in the City of Westminster 4.55% - -
As % of the Processes & Methodologies category 5.00% - -
Number of daily rates quoted 2 0 0
10th Percentile £866 - -
25th Percentile £872 - -
Median daily rate (50th Percentile) £988 - -
75th Percentile £1,097 - -
90th Percentile £1,099 - -
Central London median daily rate £971 £800 -
% change year-on-year +21.31% - -

All Process and Methodology Skills
City of Westminster

Backtesting 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 Westminster with a requirement for process or methodology skills.

Contract vacancies with a requirement for process or methodology skills 40 34 27
As % of all contract IT jobs advertised in the City of Westminster 90.91% 91.89% 84.38%
Number of daily rates quoted 28 25 19
10th Percentile £435 £220 £215
25th Percentile £497 £370 £425
Median daily rate (50th Percentile) £594 £550 £550
Median % change year-on-year +7.95% - -
75th Percentile £806 £650 £717
90th Percentile £956 £850 £810
Central London median daily rate £550 £600 £570
% change year-on-year -8.33% +5.26% +8.57%
Number of hourly rates quoted 2 0 0
Median hourly rate £40.00 - -
Central London median hourly rate £27.81 £35.00 £41.00
% change year-on-year -20.54% -14.63% +105.00%

Backtesting
Contract Job Locations in the City of Westminster

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Backtesting within the City of Westminster region over the 6 months to 1 May 2024. The 'Rank Change' column provides an indication of the change in demand within each location based on the same 6 month period last year.

Location Rank Change
on Same Period
Last Year
Matching
Contract
IT Job Ads
Median
Daily Rate
Past 6 Months
Median Daily Rate
% Change
on Same Period
Last Year
Live
Jobs
Mayfair - 2 £988 -
Backtesting
Central London

Backtesting
Co-occurring Skills and Capabilities in the City of Westminster by Category

The follow tables expand on the table above by listing co-occurrences grouped by category. The same employment type, locality and period is covered with up to 20 co-occurrences shown in each of the following categories:

General
1 2 (100.00%) Front Office
Job Titles
1 2 (100.00%) Developer
1 2 (100.00%) Python Developer
2 1 (50.00%) Quantitative Developer
Libraries, Frameworks & Software Standards
1 2 (100.00%) Pandas
2 1 (50.00%) NumPy
2 1 (50.00%) SciPy
Miscellaneous
1 2 (100.00%) Fixed Income
1 2 (100.00%) Hedge funds
Processes & Methodologies
1 2 (100.00%) Systematic Trading
1 2 (100.00%) Visualisation
Programming Languages
1 2 (100.00%) Python