Derivative Contracts

Derivatives
UK

The table below looks at the prevalence of the term Derivative in contract job vacancies. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Derivative over the 6 months to 27 April 2024 with a comparison to the same period over the previous 2 years.

6 months to
27 Apr 2024
Same period 2023 Same period 2022
Rank 232 247 311
Rank change year-on-year +15 +64 -32
Contract jobs citing Derivative 455 652 785
As % of all contract jobs advertised in the UK 1.05% 1.09% 0.88%
As % of the Miscellaneous category 3.46% 3.27% 2.68%
Number of daily rates quoted 407 561 656
10th Percentile £550 £550 £531
25th Percentile £625 £625 £550
Median daily rate (50th Percentile) £740 £745 £675
Median % change year-on-year -0.60% +10.30% +12.50%
75th Percentile £850 £835 £763
90th Percentile £888 £975 £881
UK excluding London median daily rate £638 £800 £528
% change year-on-year -20.31% +51.66% +17.22%
Number of hourly rates quoted 0 1 2
10th Percentile - - -
25th Percentile - - £31.65
Median hourly rate - £47.73 £32.40
Median % change year-on-year - +47.31% -
75th Percentile - - £33.15
90th Percentile - - -
UK excluding London median hourly rate - £47.73 £32.40
% change year-on-year - +47.31% -

All Generic Skills
UK

Derivative is in the General and Transferable Skills category. The following table is for comparison with the above and provides summary statistics for all contract job vacancies with a requirement for generic IT skills.

Contract vacancies with a requirement for generic IT skills 13,143 19,914 29,327
As % of all contract IT jobs advertised in the UK 30.35% 33.30% 33.01%
Number of daily rates quoted 8,422 13,704 20,462
10th Percentile £263 £308 £313
25th Percentile £413 £450 £431
Median daily rate (50th Percentile) £538 £550 £550
Median % change year-on-year -2.27% - +10.00%
75th Percentile £656 £680 £653
90th Percentile £788 £800 £756
UK excluding London median daily rate £500 £500 £475
% change year-on-year - +5.26% +11.76%
Number of hourly rates quoted 903 647 727
10th Percentile £12.25 £9.80 £14.11
25th Percentile £15.17 £10.63 £16.88
Median hourly rate £28.50 £22.49 £27.50
Median % change year-on-year +26.75% -18.24% +3.19%
75th Percentile £60.00 £64.75 £50.00
90th Percentile £70.00 £75.00 £66.00
UK excluding London median hourly rate £27.50 £22.00 £20.00
% change year-on-year +25.00% +10.00% -16.67%

Derivative
Job Vacancy Trend

Job postings citing Derivative as a proportion of all IT jobs advertised.

Job vacancy trend for Derivative in the UK

Derivative
Contractor Daily Rate Trend

3-month moving average daily rate quoted in jobs citing Derivative.

Daily rate trend for Derivative in the UK

Derivative
Daily Rate Histogram

Daily rate distribution for jobs citing Derivative over the 6 months to 27 April 2024.

Daily rate histogram for Derivative in the UK

Derivative
Contractor Hourly Rate Trend

3-month moving average hourly rates quoted in jobs citing Derivative.

Hourly rate trend for Derivative in the UK

Derivative
Top 7 Contract Locations

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Derivative within the UK over the 6 months to 27 April 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
England +34 452 £745 -0.67% 152
London +24 444 £750 - 145
Work from Home +108 242 £775 +6.90% 40
UK excluding London +46 4 £638 -20.31% 10
North of England +35 3 £638 - 2
North West +18 3 £638 - 1
South West - 1 - - 1

Derivative
Co-occurring Skills and Capabilities 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:

Application Platforms
1 75 (16.48%) Apache Airflow
2 67 (14.73%) Apache
3 13 (2.86%) Confluence
4 5 (1.10%) SAS
5 3 (0.66%) Microsoft Exchange
6 2 (0.44%) Apache Spark
7 1 (0.22%) WebSphere
Applications
1 36 (7.91%) Microsoft Excel
2 21 (4.62%) Microsoft PowerPoint
3 15 (3.30%) MS Visio
4 8 (1.76%) Microsoft Project
5 5 (1.10%) Microsoft Office
6 2 (0.44%) Mingle
7 1 (0.22%) Spreadsheet
Business Applications
1 15 (3.30%) Aladdin
2 8 (1.76%) ION MarketView
3 6 (1.32%) Loan IQ
4 3 (0.66%) IntelliMatch
4 3 (0.66%) ION Anvil
5 2 (0.44%) Endur
5 2 (0.44%) Fidessa
6 1 (0.22%) Markit EDM
6 1 (0.22%) Oracle FAH
6 1 (0.22%) Oracle General Ledger
6 1 (0.22%) thinkFolio
Cloud Services
1 165 (36.26%) AWS
2 90 (19.78%) Azure
2 90 (19.78%) GCP
3 68 (14.95%) dbt
4 58 (12.75%) Snowflake
5 17 (3.74%) Azure DevOps
6 11 (2.42%) GitHub
7 5 (1.10%) Amazon S3
7 5 (1.10%) npm
7 5 (1.10%) Yarn
8 4 (0.88%) Amazon EC2
8 4 (0.88%) Collibra
9 3 (0.66%) Azure Service Bus
10 2 (0.44%) Azure App Service
10 2 (0.44%) Azure Cosmos DB
11 1 (0.22%) Amazon Neptune
11 1 (0.22%) AWS Data Pipeline
11 1 (0.22%) OCI
11 1 (0.22%) Power Platform
11 1 (0.22%) SaaS
Communications & Networking
1 15 (3.30%) FIX Connectivity
2 1 (0.22%) Wireshark
Database & Business Intelligence
1 68 (14.95%) Amazon Athena
1 68 (14.95%) Apache Arrow
1 68 (14.95%) Dremio
2 65 (14.29%) Apache Ignite
3 59 (12.97%) Data Lake
4 22 (4.84%) Relational Database
4 22 (4.84%) SQL Server
5 14 (3.08%) NoSQL
6 6 (1.32%) Data Mart
6 6 (1.32%) KDB
6 6 (1.32%) Oracle Database
6 6 (1.32%) PostgreSQL
7 4 (0.88%) Metadata
7 4 (0.88%) Oracle Reports
8 3 (0.66%) Hadoop
8 3 (0.66%) MySQL
9 2 (0.44%) Redis
9 2 (0.44%) Tableau
10 1 (0.22%) Amazon RDS
10 1 (0.22%) DynamoDB
Development Applications
1 22 (4.84%) JIRA
2 18 (3.96%) TeamCity
3 9 (1.98%) Visual Studio
4 8 (1.76%) Jenkins
4 8 (1.76%) SpecFlow
5 6 (1.32%) JUnit
5 6 (1.32%) MLflow
5 6 (1.32%) Octopus Deploy
6 5 (1.10%) Git
6 5 (1.10%) Mockito
6 5 (1.10%) webpack
7 4 (0.88%) Moq
8 3 (0.66%) Cucumber
9 2 (0.44%) Babel
9 2 (0.44%) Bitbucket
9 2 (0.44%) FitNesse
9 2 (0.44%) GitLab
9 2 (0.44%) Team Foundation Server
10 1 (0.22%) IntelliJ
10 1 (0.22%) Selenium
General
1 368 (80.88%) Finance
2 281 (61.76%) Front Office
3 246 (54.07%) Banking
4 154 (33.85%) Investment Banking
5 55 (12.09%) Social Skills
6 47 (10.33%) Back Office
7 46 (10.11%) Analytical Skills
8 14 (3.08%) Financial Institution
9 8 (1.76%) Presentation Skills
10 6 (1.32%) Prime Brokerage
10 6 (1.32%) Synthetic Prime Brokerage
11 5 (1.10%) Public Sector
12 4 (0.88%) Corporate Banking
13 3 (0.66%) Agriculture
14 2 (0.44%) General Ledger
14 2 (0.44%) International Banking
15 1 (0.22%) Influencing Skills
15 1 (0.22%) Legal
15 1 (0.22%) Marketing
15 1 (0.22%) Retail
Job Titles
1 203 (44.62%) Developer
2 102 (22.42%) Analyst
3 78 (17.14%) Software Engineer
4 77 (16.92%) Senior
5 62 (13.63%) Business Analyst
6 58 (12.75%) Finance Manager
7 53 (11.65%) Developer/Software Engineer
8 50 (10.99%) Financial Analyst
9 47 (10.33%) Java Developer
10 46 (10.11%) Lead
11 44 (9.67%) Python Developer
12 36 (7.91%) Quantitative Developer
13 31 (6.81%) Front Office Developer
14 30 (6.59%) Senior Developer
15 28 (6.15%) .NET Developer
15 28 (6.15%) C# Developer
15 28 (6.15%) Python Engineer
16 27 (5.93%) .NET Software Engineer
16 27 (5.93%) Python Software Engineer
16 27 (5.93%) Senior Software Engineer
Libraries, Frameworks & Software Standards
1 89 (19.56%) Pandas
2 82 (18.02%) NumPy
3 78 (17.14%) gRPC
4 76 (16.70%) SciPy
5 74 (16.26%) Protocol Buffers
6 53 (11.65%) React
7 50 (10.99%) .NET
8 37 (8.13%) FIX Protocol
9 31 (6.81%) Redux
10 24 (5.27%) AngularJS
11 18 (3.96%) Vue
12 16 (3.52%) XML
13 15 (3.30%) .NET Core
14 14 (3.08%) ASP.NET
14 14 (3.08%) ASP.NET Core
14 14 (3.08%) Spring
15 11 (2.42%) CSS
16 10 (2.20%) HTML
17 8 (1.76%) .NET Framework
17 8 (1.76%) Spring Boot
Miscellaneous
1 205 (45.05%) Fixed Income
2 193 (42.42%) Hedge funds
3 191 (41.98%) Equities
4 163 (35.82%) Foreign Exchange (FX)
5 47 (10.33%) Equity Derivative
6 37 (8.13%) Product Ownership
7 29 (6.37%) Algorithms
8 18 (3.96%) Credit Derivative
9 14 (3.08%) Data Structures
10 13 (2.86%) Distributed Systems
11 9 (1.98%) Interest Rate Derivative
12 8 (1.76%) Data Protection Act
12 8 (1.76%) OTC Derivatives
13 7 (1.54%) Market Risk
14 6 (1.32%) SWIFT Messaging Network
15 5 (1.10%) Enterprise Software
15 5 (1.10%) Management Information System
15 5 (1.10%) Onboarding
16 4 (0.88%) Distributed Computing
16 4 (0.88%) Public Cloud
Operating Systems
1 32 (7.03%) Linux
2 23 (5.05%) Unix
3 6 (1.32%) Windows
4 4 (0.88%) Apple iOS
Processes & Methodologies
1 204 (44.84%) Agile
2 189 (41.54%) Asset Management
3 172 (37.80%) Investment Management
4 139 (30.55%) Software Engineering
5 61 (13.41%) DevOps
6 57 (12.53%) TDD
7 50 (10.99%) Analytics
8 49 (10.77%) Mathematics
9 46 (10.11%) Mentoring
10 44 (9.67%) Computer Science
11 42 (9.23%) Risk Management
12 40 (8.79%) Electronic Trading
13 39 (8.57%) Fintech
14 35 (7.69%) CI/CD
15 34 (7.47%) Greeks
15 34 (7.47%) Problem-Solving
16 32 (7.03%) Full Stack Development
16 32 (7.03%) Line Management
17 30 (6.59%) Low Latency
17 30 (6.59%) Test Automation
Programming Languages
1 228 (50.11%) Python
2 145 (31.87%) SQL
3 139 (30.55%) Java
4 118 (25.93%) C#
5 116 (25.49%) JavaScript
6 106 (23.30%) TypeScript
7 60 (13.19%) C++
8 24 (5.27%) R
9 14 (3.08%) Scala
10 12 (2.64%) Rust
11 6 (1.32%) Ruby
12 5 (1.10%) PowerShell
12 5 (1.10%) VBA
13 2 (0.44%) Bicep
13 2 (0.44%) Haskell
13 2 (0.44%) Perl
14 1 (0.22%) C
14 1 (0.22%) PL/SQL
14 1 (0.22%) Shell Script
14 1 (0.22%) XPath
Qualifications
1 66 (14.51%) Degree
2 23 (5.05%) Numerate Degree
3 22 (4.84%) Computer Science Degree
4 19 (4.18%) Master's Degree
5 4 (0.88%) APMP
6 3 (0.66%) PhD
7 2 (0.44%) CISA
7 2 (0.44%) CISM
7 2 (0.44%) CISSP
Quality Assurance & Compliance
1 51 (11.21%) QA
2 33 (7.25%) Data Quality
3 16 (3.52%) MiFID
4 14 (3.08%) EMIR
5 9 (1.98%) Dodd-Frank
6 6 (1.32%) PMO
7 5 (1.10%) IFRS
7 5 (1.10%) SEPA
8 2 (0.44%) Basel III
8 2 (0.44%) GAAP
8 2 (0.44%) IFRS 9
9 1 (0.22%) COREP
9 1 (0.22%) FINREP
9 1 (0.22%) IFRS 17
System Software
1 8 (1.76%) Docker
Systems Management
1 17 (3.74%) ITRS Geneos
2 8 (1.76%) Kubernetes
3 5 (1.10%) Grafana
4 3 (0.66%) Ansible
5 1 (0.22%) Control-M
5 1 (0.22%) Puppet
Vendors
1 46 (10.11%) Bloomberg
2 22 (4.84%) ION Trading
3 21 (4.62%) Oracle
4 12 (2.64%) MarketAxess
4 12 (2.64%) Tradeweb
5 11 (2.42%) BISAM
5 11 (2.42%) Microsoft
6 9 (1.98%) IBM
7 7 (1.54%) Murex
8 6 (1.32%) Databricks
9 5 (1.10%) Dynatrace
10 3 (0.66%) Atlassian
10 3 (0.66%) Refinitiv
11 2 (0.44%) CA Agile Central
11 2 (0.44%) Calypso
11 2 (0.44%) Charles River
11 2 (0.44%) Informatica
11 2 (0.44%) Reuters
12 1 (0.22%) Confluent
12 1 (0.22%) SimCorp