Period
to 20 November 2017

The following table provides summary statistics for contract job vacancies advertised in London with a requirement for PhD qualifications. Included is a benchmarking guide to the contractor rates offered over the 6 months to 20 November 2017 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.

PhD
England > London
6 months to
20 Nov 2017
Same period 2016 Same period 2015
Rank 464 493 507
Rank change year-on-year +29 +14 +41
Contract jobs citing PhD 170 123 111
As % of all contract IT jobs advertised in London 0.36% 0.28% 0.24%
As % of the Qualifications category 2.19% 1.61% 1.47%
Number of daily rates quoted 156 92 91
London median daily rate £644 £600 £625
Median daily rate % change year-on-year +7.29% -4.00% -10.71%
10th Percentile £469 £431 £400
90th Percentile £850 £863 £775
England median daily rate £625 £575 £600
% change year-on-year +8.70% -4.17% -7.69%
Number of hourly rates quoted 1 2 0
London median hourly rate £35.50 £45.00 -
Median hourly rate % change year-on-year -21.11% - -
England median hourly rate £30.50 £45.00 £31.12
% change year-on-year -32.22% +44.60% +3.73%

PhD is in the Academic Qualifications and Professional Certifications 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 academic qualifications or professional certifications.

All Academic and Professional Certifications
London
Contract vacancies requiring academic qualifications or professional certifications 7756 7657 7532
As % of all contract IT jobs advertised in London 16.62% 17.18% 16.06%
Number of daily rates quoted 5164 4938 4968
London median daily rate £475 £458 £450
Median daily rate % change year-on-year +3.83% +1.67% +5.88%
10th Percentile £263 £263 £258
90th Percentile £650 £638 £625
England median daily rate £425 £423 £400
% change year-on-year +0.59% +5.63% -
Number of hourly rates quoted 170 111 143
London median hourly rate £21.02 £19.50 £20.50
Median hourly rate % change year-on-year +7.77% -4.88% +17.14%
10th Percentile £13.50 £12.50 £12.06
90th Percentile £48.75 £50.00 £48.57
England median hourly rate £25.12 £26.00 £24.00
% change year-on-year -3.38% +8.33% +26.32%

PhD
Job Vacancy Trend in London

Job postings citing PhD as a percentage of all IT jobs advertised in London.

Job vacancy trend for PhD in London

PhD
Contractor Daily Rate Trend in London

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

Contractor daily rate trend for PhD in London

PhD
Contractor Daily Rate Histogram in London

The daily rate distribution of IT jobs citing PhD in London over the 6 months to 20 November 2017.

Contractor daily rate histogram for PhD in London

PhD
Contractor Hourly Rate Trend in London

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

Contractor hourly rate trend for PhD in London

PhD
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 PhD within the London region over the 6 months to 20 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 +15 36 £775 +44.19% 19
West London - 1 - - 3
PhD
England

For the 6 months to 20 November 2017, IT contractor jobs citing PhD 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 PhD.

1 101 (59.41%) C++
2 84 (49.41%) Mathematics
3 78 (45.88%) Python
3 78 (45.88%) Finance
4 66 (38.82%) Java
5 64 (37.65%) Physics
6 56 (32.94%) Front Office
6 56 (32.94%) Algorithms
7 55 (32.35%) Analytical Skills
8 52 (30.59%) Machine Learning
9 49 (28.82%) Computer Science
10 48 (28.24%) Foreign Exchange (FX)
11 47 (27.65%) Degree
12 44 (25.88%) Banking
13 43 (25.29%) Analytics
14 41 (24.12%) R
15 36 (21.18%) Low Latency
16 34 (20.00%) SQL
16 34 (20.00%) OO
16 34 (20.00%) Investment Banking
17 33 (19.41%) Statistics
18 32 (18.82%) Quantitative Research
19 30 (17.65%) C#
19 30 (17.65%) Linux
20 28 (16.47%) Algorithmic Trading
21 27 (15.88%) Multithreading
22 25 (14.71%) Data Structures
23 24 (14.12%) Hadoop
24 23 (13.53%) Apache Spark
25 22 (12.94%) Big Data

PhD
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 23 (13.53%) Apache Spark
2 4 (2.35%) Apache Solr
2 4 (2.35%) Elasticsearch
3 1 (0.59%) Jupyter
3 1 (0.59%) OpenStack
3 1 (0.59%) SAS
Applications
1 1 (0.59%) Microsoft Excel
1 1 (0.59%) Microsoft PowerPoint
Cloud Services
1 13 (7.65%) Google Cloud Platform
2 11 (6.47%) Microsoft Azure
3 6 (3.53%) Amazon AWS
4 5 (2.94%) GitHub
5 1 (0.59%) Cloud Computing
Communications & Networking
1 6 (3.53%) TCP/IP
Database & Business Intelligence
1 24 (14.12%) Hadoop
2 22 (12.94%) Big Data
3 14 (8.24%) Geospatial Data
4 10 (5.88%) KDB
5 7 (4.12%) Data Mining
5 7 (4.12%) NoSQL
6 4 (2.35%) BigQuery
7 3 (1.76%) Apache Hive
7 3 (1.76%) Cloudera CDH
7 3 (1.76%) HBase
7 3 (1.76%) Text Mining
8 1 (0.59%) DB2
8 1 (0.59%) Kdb+
8 1 (0.59%) Relational Database
8 1 (0.59%) SQL Server
Development Applications
1 5 (2.94%) Git (software)
2 4 (2.35%) Eclipse
2 4 (2.35%) JIRA
2 4 (2.35%) Visual Studio
3 1 (0.59%) RStudio
3 1 (0.59%) Xcode
General
1 78 (45.88%) Finance
2 56 (32.94%) Front Office
3 44 (25.88%) Banking
4 34 (20.00%) Investment Banking
5 17 (10.00%) Financial Institution
6 15 (8.82%) Retail
7 9 (5.29%) Marketing
8 4 (2.35%) Legal
9 2 (1.18%) Advertising
9 2 (1.18%) Telecoms
10 1 (0.59%) Games
Job Titles
1 104 (61.18%) Developer
2 54 (31.76%) Quantitative Developer
3 47 (27.65%) Data Scientist
4 42 (24.71%) C++ Developer
5 35 (20.59%) Java Developer
6 28 (16.47%) C++ Quantitative Developer
7 18 (10.59%) Investment Banking C++ Developer
8 17 (10.00%) Algorithmic Trading Developer
8 17 (10.00%) Credit Risk Developer
9 15 (8.82%) C++/Java Developer
9 15 (8.82%) Java Quantitative Developer
9 15 (8.82%) Python Developer
10 14 (8.24%) Machine Learning Scientist
11 13 (7.65%) Analyst
11 13 (7.65%) Senior Developer
12 12 (7.06%) Credit Risk C++ Developer
13 10 (5.88%) Qualitative Analyst
13 10 (5.88%) Quantitative Analyst
14 9 (5.29%) Low Latency C++ Developer
15 8 (4.71%) C# Quant Developer
Libraries, Frameworks & Software Standards
1 12 (7.06%) TensorFlow
2 11 (6.47%) .NET
2 11 (6.47%) Keras
3 10 (5.88%) Theano
4 8 (4.71%) Natural Language Processing
5 7 (4.12%) Pandas
5 7 (4.12%) PySpark
6 5 (2.94%) D3.js
7 4 (2.35%) Apache Thrift
7 4 (2.35%) Bokeh
7 4 (2.35%) ggplot
7 4 (2.35%) Lucene
7 4 (2.35%) Protocol Buffers
7 4 (2.35%) Seaborn
8 3 (1.76%) JNI
8 3 (1.76%) Spring
9 1 (0.59%) HTML
9 1 (0.59%) JMS
9 1 (0.59%) Middleware
9 1 (0.59%) Rendezvous
Miscellaneous
1 56 (32.94%) Algorithms
2 55 (32.35%) Analytical Skills
3 49 (28.82%) Computer Science
4 48 (28.24%) Foreign Exchange (FX)
5 25 (14.71%) Data Structures
6 18 (10.59%) Credit Risk
7 12 (7.06%) Market Risk
8 6 (3.53%) Fixed Income
8 6 (3.53%) Hedge funds
9 5 (2.94%) Equities
10 4 (2.35%) Music Streaming
11 3 (1.76%) Derivative
12 1 (0.59%) Augmented Reality
12 1 (0.59%) CUDA
12 1 (0.59%) e-Learning
12 1 (0.59%) Private Cloud
12 1 (0.59%) User Experience
Operating Systems
1 30 (17.65%) Linux
2 1 (0.59%) Apple iOS
2 1 (0.59%) Mac OS
2 1 (0.59%) Unix
Processes & Methodologies
1 84 (49.41%) Mathematics
2 64 (37.65%) Physics
3 52 (30.59%) Machine Learning
4 43 (25.29%) Analytics
5 36 (21.18%) Low Latency
6 34 (20.00%) OO
7 33 (19.41%) Statistics
8 32 (18.82%) Quantitative Research
9 28 (16.47%) Algorithmic Trading
10 27 (15.88%) Multithreading
11 21 (12.35%) Market Making
12 19 (11.18%) Electronic Trading
12 19 (11.18%) TDD
13 16 (9.41%) Neural Network
14 14 (8.24%) FX Algorithmic Trading
14 14 (8.24%) OOP
14 14 (8.24%) Test Strategy
14 14 (8.24%) Validation
15 13 (7.65%) Project Management
16 12 (7.06%) Stakeholder Management
Programming Languages
1 101 (59.41%) C++
2 78 (45.88%) Python
3 66 (38.82%) Java
4 41 (24.12%) R
5 34 (20.00%) SQL
6 30 (17.65%) C#
7 15 (8.82%) Scala
8 5 (2.94%) JavaScript
9 4 (2.35%) Shell Script
10 3 (1.76%) C
10 3 (1.76%) MATLAB
11 2 (1.18%) Bash Shell
11 2 (1.18%) Perl
11 2 (1.18%) Ruby
11 2 (1.18%) VB
11 2 (1.18%) VBA
12 1 (0.59%) Cypher
Qualifications
1 47 (27.65%) Degree
2 6 (3.53%) Numerate Degree
3 4 (2.35%) Sun Certification
4 3 (1.76%) Computer Science Degree
5 2 (1.18%) Master's Degree
Quality Assurance & Compliance
1 9 (5.29%) EMIR
2 2 (1.18%) Data Quality
System Software
1 1 (0.59%) Ceph
1 1 (0.59%) Docker
1 1 (0.59%) GPFS
Systems Management
1 5 (2.94%) Hadoop YARN
2 1 (0.59%) Ansible
2 1 (0.59%) CFEngine
2 1 (0.59%) Opscode Chef
2 1 (0.59%) Puppet
2 1 (0.59%) Salt
Vendors
1 13 (7.65%) Google
2 9 (5.29%) Tableau
3 6 (3.53%) Microsoft
4 4 (2.35%) MicroStrategy
5 3 (1.76%) Hortonworks
6 1 (0.59%) Alteryx
6 1 (0.59%) Apple
6 1 (0.59%) ION Trading
6 1 (0.59%) Oracle
6 1 (0.59%) TIBCO