Period
to 21 November 2017

The table below looks at the prevalence of the term Interest Rate Derivative in contract job vacancies advertised in London. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Interest Rate Derivative over the 6 months to 21 November 2017 with a comparison to the same period over 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.

Interest Rate Derivatives
England > London
6 months to
21 Nov 2017
Same period 2016 Same period 2015
Rank 563 586 494
Rank change year-on-year +23 -92 +46
Contract jobs citing Interest Rate Derivative 71 29 116
As % of all contract IT jobs advertised in London 0.15% 0.065% 0.25%
As % of the Miscellaneous category 0.39% 0.18% 0.67%
Number of daily rates quoted 46 24 99
London median daily rate £625 £600 £625
Median daily rate % change year-on-year +4.17% -4.00% +4.17%
10th Percentile £518 £525 £425
90th Percentile £703 £711 £810
England median daily rate £625 £600 £625
% change year-on-year +4.17% -4.00% +4.17%
Number of hourly rates quoted 0 0 0
London median hourly rate - - -
England median hourly rate - - -

Interest Rate Derivative is in the Generic IT Skills category. The following table is for comparison with the above and provides summary statistics for all contract job vacancies advertised in London with a requirement for generic IT skills.

All Generic IT Skills
London
Contract vacancies with a requirement for generic IT skills 18382 16529 17361
As % of all contract IT jobs advertised in London 39.06% 36.79% 37.30%
Number of daily rates quoted 13171 11709 12204
London median daily rate £500 £475 £455
Median daily rate % change year-on-year +5.26% +4.40% +1.11%
10th Percentile £313 £290 £275
90th Percentile £680 £650 £650
England median daily rate £450 £425 £425
% change year-on-year +5.88% - +6.25%
Number of hourly rates quoted 225 252 304
London median hourly rate £21.30 £20.00 £20.00
Median hourly rate % change year-on-year +6.50% - +11.11%
10th Percentile £12.75 £12.00 £12.00
90th Percentile £46.50 £50.00 £49.25
England median hourly rate £20.55 £20.75 £19.08
% change year-on-year -0.96% +8.75% +6.00%

Interest Rate Derivative
Job Vacancy Trend in London

Job postings citing Interest Rate Derivative as a percentage of all IT jobs advertised in London.

Job vacancy trend for Interest Rate Derivative in London

Interest Rate Derivative
Contractor Daily Rate Trend in London

This chart provides the 3-month moving average for daily rates quoted in contract jobs citing Interest Rate Derivative in London.

Contractor daily rate trend for Interest Rate Derivative in London

Interest Rate Derivative
Contractor Daily Rate Histogram in London

The daily rate distribution of IT jobs citing Interest Rate Derivative in London over the 6 months to 21 November 2017.

Contractor daily rate histogram for Interest Rate Derivative in London

Interest Rate Derivative
Contractor Hourly Rate Trend in London

This chart provides the 3-month moving average for contractor hourly rates quoted in IT jobs citing Interest Rate Derivative in London.

Contractor hourly rate trend for Interest Rate Derivative in London

Interest Rate Derivative
Contract Job Locations in London

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Interest Rate Derivative within the London region over the 6 months to 21 November 2017. 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
Job
Vacancies
Central London +12 12 £550 -15.38% 1
Interest Rate Derivative
England

For the 6 months to 21 November 2017, IT contractor jobs citing Interest Rate Derivative also mentioned the following skills in order of popularity. The figures indicate the number co-occurrences and its proportion to all contract ads across the London region with a requirement for Interest Rate Derivative.

1 68 (95.77%) Derivative
2 57 (80.28%) Fixed Income
3 42 (59.15%) Front Office
4 31 (43.66%) C#
5 29 (40.85%) Agile Software Development
5 29 (40.85%) Analytics
6 28 (39.44%) Microsoft Excel
6 28 (39.44%) Foreign Exchange (FX)
7 26 (36.62%) C++
7 26 (36.62%) Analytical Skills
8 24 (33.80%) Windows
8 24 (33.80%) Python
9 22 (30.99%) Finance
10 21 (29.58%) Risk Analytics
10 21 (29.58%) Spreadsheet
11 20 (28.17%) Quantitative Research
12 19 (26.76%) Swaptions
13 18 (25.35%) Microsoft
14 16 (22.54%) .NET
15 14 (19.72%) Credit Derivative
16 13 (18.31%) Banking
16 13 (18.31%) Java
16 13 (18.31%) SQL
17 12 (16.90%) STL
17 12 (16.90%) XML
17 12 (16.90%) Linux
17 12 (16.90%) CMS
17 12 (16.90%) Equities
17 12 (16.90%) Business Analysis
17 12 (16.90%) Windows 7

Interest Rate Derivative
Co-occurring IT Skills in 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 12 (16.90%) CMS
2 5 (7.04%) Apache Spark
3 4 (5.63%) Confluence
4 3 (4.23%) DataSynapse
4 3 (4.23%) Oracle Coherence
5 1 (1.41%) JBoss
Applications
1 28 (39.44%) Microsoft Excel
2 21 (29.58%) Spreadsheet
3 5 (7.04%) MS Visio
4 1 (1.41%) Microsoft Office
4 1 (1.41%) Microsoft Project
Business Applications
1 1 (1.41%) RMDS
Database & Business Intelligence
1 5 (7.04%) Apache Cassandra
1 5 (7.04%) Hadoop
1 5 (7.04%) HBase
1 5 (7.04%) MongoDB
1 5 (7.04%) NoSQL
2 3 (4.23%) Big Data
2 3 (4.23%) Spark SQL
3 2 (2.82%) SQL Server
Development Applications
1 5 (7.04%) Git (software)
1 5 (7.04%) Maven
1 5 (7.04%) SonarQube
1 5 (7.04%) TeamCity
2 3 (4.23%) Cucumber
3 1 (1.41%) JIRA
3 1 (1.41%) Visual Studio
General
1 42 (59.15%) Front Office
2 22 (30.99%) Finance
3 13 (18.31%) Banking
4 6 (8.45%) Back Office
4 6 (8.45%) Investment Banking
5 1 (1.41%) Financial Institution
5 1 (1.41%) French Language
5 1 (1.41%) Marketing
Job Titles
1 39 (54.93%) Developer
2 23 (32.39%) Analyst
3 22 (30.99%) C++ Developer
4 21 (29.58%) Business Analyst
5 20 (28.17%) Analytics Developer
5 20 (28.17%) C++ Pricing Developer
5 20 (28.17%) Pricing Developer
6 17 (23.94%) Front Office Developer
7 11 (15.49%) Front Office C++ Developer
8 10 (14.08%) C++ Quantitative Developer
8 10 (14.08%) Quantitative Developer
9 9 (12.68%) Java Developer
10 8 (11.27%) FX Business Analyst
10 8 (11.27%) Java Scala Developer
10 8 (11.27%) Scala Developer
11 7 (9.86%) Support Analyst
12 5 (7.04%) Credit Analyst
12 5 (7.04%) Derivatives Business Analyst
12 5 (7.04%) Murex Analyst
12 5 (7.04%) Murex Business Analyst
Libraries, Frameworks & Software Standards
1 16 (22.54%) .NET
2 12 (16.90%) Boost C++ Libraries
2 12 (16.90%) STL
2 12 (16.90%) XML
3 7 (9.86%) Middleware
4 5 (7.04%) Akka
4 5 (7.04%) Kafka
5 4 (5.63%) WPF
6 3 (4.23%) Apache Avro
6 3 (4.23%) Gherkin
6 3 (4.23%) OpenCL
6 3 (4.23%) RESTful
6 3 (4.23%) WCF
7 2 (2.82%) .NET Framework
7 2 (2.82%) WinForms
Miscellaneous
1 68 (95.77%) Derivative
2 57 (80.28%) Fixed Income
3 28 (39.44%) Foreign Exchange (FX)
4 26 (36.62%) Analytical Skills
5 19 (26.76%) Swaptions
6 14 (19.72%) Credit Derivative
7 12 (16.90%) Equities
8 10 (14.08%) Grid Computing
9 8 (11.27%) Equity Derivative
9 8 (11.27%) Market Risk
10 6 (8.45%) Data Structures
11 3 (4.23%) Credit Risk
12 2 (2.82%) Computer Science
12 2 (2.82%) Reference Data
13 1 (1.41%) Fintech
13 1 (1.41%) Hedge funds
13 1 (1.41%) PMI
Operating Systems
1 24 (33.80%) Windows
2 12 (16.90%) Linux
2 12 (16.90%) Windows 7
3 7 (9.86%) Unix
4 3 (4.23%) Solaris
Processes & Methodologies
1 29 (40.85%) Agile Software Development
1 29 (40.85%) Analytics
2 21 (29.58%) Risk Analytics
3 20 (28.17%) Quantitative Research
4 12 (16.90%) Business Analysis
5 10 (14.08%) Electronic Trading
6 8 (11.27%) Risk Management
7 7 (9.86%) Multithreading
7 7 (9.86%) Waterfall
8 6 (8.45%) Market Surveillance
8 6 (8.45%) Multithreaded Programming
9 5 (7.04%) MapReduce
9 5 (7.04%) Project Management
10 4 (5.63%) BPMN
10 4 (5.63%) Performance Analysis
10 4 (5.63%) Scrum
10 4 (5.63%) Stakeholder Management
11 3 (4.23%) PnL Attribution
11 3 (4.23%) Technical Analysis
11 3 (4.23%) Translating Business Requirements
Programming Languages
1 31 (43.66%) C#
2 26 (36.62%) C++
3 24 (33.80%) Python
4 13 (18.31%) Java
4 13 (18.31%) SQL
5 11 (15.49%) Scala
6 6 (8.45%) VBA
7 5 (7.04%) Bash Shell
Qualifications
1 3 (4.23%) Degree
1 3 (4.23%) ITIL Certification
2 1 (1.41%) Computer Science Degree
2 1 (1.41%) ISEB
2 1 (1.41%) Numerate Degree
2 1 (1.41%) PMI Certification
2 1 (1.41%) PMP
Quality Assurance & Compliance
1 9 (12.68%) MiFID
2 6 (8.45%) EMIR
3 3 (4.23%) QA
4 1 (1.41%) Data Quality
System Software
1 5 (7.04%) Apache ZooKeeper
1 5 (7.04%) HDFS
Systems Management
1 5 (7.04%) Mesos
Vendors
1 18 (25.35%) Microsoft
2 5 (7.04%) Murex
3 4 (5.63%) Oracle
4 1 (1.41%) Calypso
4 1 (1.41%) DevExpress
4 1 (1.41%) Wallstreet Suite