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 3 months to 28 June 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
3 months to
28 Jun 2017
Same period 2016 Same period 2015
Rank 377 414 398
Rank change year-on-year +37 -16  
Contract jobs citing Interest Rate Derivative 45 20 37
As % of all contract IT jobs advertised in London 0.22% 0.092% 0.16%
As % of the Miscellaneous category 0.56% 0.25% 0.44%
Number of daily rates quoted 23 19 33
Median daily rate £625 £550 £650
Median daily rate % change year-on-year +13.63% -15.38%  
90% offered a daily rate of more than £525 £525 £430
10% offered a daily rate of more than £708 £708 £675
UK excluding London median daily rate - - £600
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median hourly rate - - -

Interest Rate Derivative is in the generic IT skills category. The next 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.

Generic IT Skills
London
Contract job vacancies with a requirement for generic IT skills 7987 8107 8470
As % of all contract IT job vacancies advertised in London 38.47% 37.35% 36.78%
Number of daily rates quoted 8621 8426 8854
Median daily rate £520 £475 £475
Median daily rate % change year-on-year +9.47% -  
90% offered a daily rate of more than £313 £300 £263
10% offered a daily rate of more than £688 £663 £663
UK excluding London median daily rate £400 £390 £375
% change year-on-year +2.56% +4.00%  
Number of hourly rates quoted 159 178 200
Median hourly rate £21.40 £20.26 £20.00
Median hourly rate % change year-on-year +5.62% +1.30%  
90% offered a hourly rate of more than £12.86 £11.25 £14.01
10% offered a hourly rate of more than £50.00 £55.00 £52.65
UK excluding London median hourly rate £25.00 £23.00 £18.50
% change year-on-year +8.69% +24.32%  

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 3 months to 28 June 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 3 months to 28 June 2017. The 'Rank Change' column provides an indication of the change in demand within each location based on the same 3 month period last year.

Location Rank Change
on Same Period
Last Year
Matching
Contract
IT Job Ads
Median
Daily Rate
Last 3 Months
Median Daily Rate
% Change
on Same Period
Last Year
Live
Job
Vacancies
City of London +2 5 £575 -8.00%
Interest Rate Derivative
England

For the 6 months to 28 June 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 65 (95.59%) Derivative
2 54 (79.41%) Fixed Income
3 41 (60.29%) Front Office
3 41 (60.29%) Foreign Exchange (FX)
4 27 (39.71%) SQL
5 24 (35.29%) C#
6 23 (33.82%) Analytical Skills
7 21 (30.88%) Microsoft Excel
8 20 (29.41%) C++
8 20 (29.41%) Agile Software Development
9 19 (27.94%) Sybase
9 19 (27.94%) Microsoft
9 19 (27.94%) Murex
9 19 (27.94%) Unix
9 19 (27.94%) Finance
10 18 (26.47%) .NET
10 18 (26.47%) Swaptions
11 17 (25.00%) Windows
12 16 (23.53%) Python
12 16 (23.53%) Banking
12 16 (23.53%) Analytics
13 15 (22.06%) Risk Analytics
13 15 (22.06%) Spreadsheet
13 15 (22.06%) Boost C++ Libraries
13 15 (22.06%) XML
13 15 (22.06%) STL
13 15 (22.06%) CMS
14 14 (20.59%) Java
14 14 (20.59%) Perl
14 14 (20.59%) Data Mart

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 15 (22.06%) CMS
2 2 (2.94%) Confluence
3 1 (1.47%) Apache Spark
3 1 (1.47%) DataSynapse
Applications
1 21 (30.88%) Microsoft Excel
2 15 (22.06%) Spreadsheet
3 2 (2.94%) MS Visio
4 1 (1.47%) Microsoft Office
4 1 (1.47%) Microsoft Project
Business Applications
1 1 (1.47%) RMDS
1 1 (1.47%) Summit
Communications & Networking
1 2 (2.94%) DSL
Database & Business Intelligence
1 14 (20.59%) Data Mart
2 6 (8.82%) SQL Server
3 1 (1.47%) Hadoop
3 1 (1.47%) Impala
3 1 (1.47%) OLAP
3 1 (1.47%) Oracle OLAP
3 1 (1.47%) SQL Server 2008
Development Applications
1 3 (4.41%) Jenkins
1 3 (4.41%) JUnit
1 3 (4.41%) Mockito
2 2 (2.94%) JIRA
3 1 (1.47%) Maven
3 1 (1.47%) Subversion
3 1 (1.47%) TeamCity
General
1 41 (60.29%) Front Office
2 19 (27.94%) Finance
3 16 (23.53%) Banking
4 10 (14.71%) Investment Banking
5 4 (5.88%) Back Office
6 3 (4.41%) Legal
7 1 (1.47%) Financial Institution
7 1 (1.47%) Games
7 1 (1.47%) Retail
7 1 (1.47%) Telecoms
Job Titles
1 37 (54.41%) Developer
2 29 (42.65%) Analyst
3 18 (26.47%) Support Analyst
4 17 (25.00%) C++ Developer
5 15 (22.06%) FX Support Analyst
5 15 (22.06%) Murex Analyst
6 14 (20.59%) C# Developer
6 14 (20.59%) C++ Pricing Developer
6 14 (20.59%) Murex Support
6 14 (20.59%) Murex Support Analyst
7 12 (17.65%) Java Developer
8 10 (14.71%) .NET Developer
8 10 (14.71%) Business Analyst
8 10 (14.71%) C# .NET Developer
8 10 (14.71%) C++ Quantitative Developer
8 10 (14.71%) C++/C# Developer
8 10 (14.71%) Quantitative Developer
9 9 (13.24%) C# Pricing Developer
9 9 (13.24%) C# Quant Developer
9 9 (13.24%) Front Office Developer
Libraries, Frameworks & Software Standards
1 18 (26.47%) .NET
2 15 (22.06%) Boost C++ Libraries
2 15 (22.06%) STL
2 15 (22.06%) XML
3 14 (20.59%) Murex MxML
4 7 (10.29%) Middleware
5 3 (4.41%) SOAP
5 3 (4.41%) Web Services
5 3 (4.41%) WSDL
6 2 (2.94%) WinForms
6 2 (2.94%) WPF
7 1 (1.47%) Akka
7 1 (1.47%) FpML
7 1 (1.47%) Hibernate
7 1 (1.47%) HTML
7 1 (1.47%) HTML5
7 1 (1.47%) Kafka
7 1 (1.47%) Spring
7 1 (1.47%) WCF
Miscellaneous
1 65 (95.59%) Derivative
2 54 (79.41%) Fixed Income
3 41 (60.29%) Foreign Exchange (FX)
4 23 (33.82%) Analytical Skills
5 18 (26.47%) Swaptions
6 11 (16.18%) Data Structures
7 8 (11.76%) Grid Computing
8 7 (10.29%) Credit Derivative
9 6 (8.82%) Equities
10 3 (4.41%) Equity Derivative
11 2 (2.94%) Computer Science
11 2 (2.94%) Market Risk
11 2 (2.94%) OTC Derivatives
12 1 (1.47%) Algorithms
12 1 (1.47%) Fintech
12 1 (1.47%) Hedge funds
12 1 (1.47%) Reference Data
Operating Systems
1 19 (27.94%) Unix
2 17 (25.00%) Windows
3 6 (8.82%) Windows 7
4 5 (7.35%) Linux
5 1 (1.47%) Solaris
Processes & Methodologies
1 20 (29.41%) Agile Software Development
2 16 (23.53%) Analytics
3 15 (22.06%) Risk Analytics
4 14 (20.59%) Quantitative Research
5 5 (7.35%) Multithreaded Programming
5 5 (7.35%) Multithreading
6 4 (5.88%) Performance Analysis
6 4 (5.88%) User Acceptance Testing
7 3 (4.41%) Business Analysis
7 3 (4.41%) Collateral Management
7 3 (4.41%) Continuous Integration
7 3 (4.41%) Mathematics
7 3 (4.41%) PnL Attribution
7 3 (4.41%) RAD
7 3 (4.41%) Regression Testing
7 3 (4.41%) Workflow
8 2 (2.94%) Electronic Trading
8 2 (2.94%) Risk Management
8 2 (2.94%) Scrum
8 2 (2.94%) Waterfall
Programming Languages
1 27 (39.71%) SQL
2 24 (35.29%) C#
3 20 (29.41%) C++
4 16 (23.53%) Python
5 14 (20.59%) Java
5 14 (20.59%) Perl
6 11 (16.18%) Scala
7 6 (8.82%) VBA
8 1 (1.47%) APL
8 1 (1.47%) VB
8 1 (1.47%) VB6
Qualifications
1 2 (2.94%) Degree
2 1 (1.47%) A+ Certification
2 1 (1.47%) Computer Science Degree
2 1 (1.47%) ISEB
2 1 (1.47%) ITIL Certification
2 1 (1.47%) Numerate Degree
Quality Assurance & Compliance
1 6 (8.82%) MiFID
2 3 (4.41%) EMIR
3 2 (2.94%) Dodd-Frank
4 1 (1.47%) QA
Systems Management
1 2 (2.94%) HP Quality Center
Vendors
1 19 (27.94%) Microsoft
1 19 (27.94%) Murex
1 19 (27.94%) Sybase
2 3 (4.41%) Oracle
3 2 (2.94%) Calypso
4 1 (1.47%) HP
4 1 (1.47%) TIBCO