Period
to 31 March 2020

The table below looks at the prevalence of the term Hedge funds in contract job vacancies. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Hedge funds over the 6 months to 31 March 2020 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.

Hedge fund
UK
6 months to
31 Mar 2020
Same period 2019 Same period 2018
Rank 385 448 563
Rank change year-on-year +63 +115 +65
Contract jobs citing Hedge funds 365 512 350
As % of all contract jobs advertised in the UK 0.59% 0.53% 0.34%
As % of the Miscellaneous category 1.84% 1.67% 1.05%
Number of daily rates quoted 332 421 254
Median daily rate £663 £650 £600
Median daily rate % change year-on-year +1.92% +8.33% +9.09%
10th Percentile £453 £475 £400
90th Percentile £800 £838 £825
UK excluding London median daily rate £513 £506 £550
% change year-on-year +1.23% -7.95% +10.00%
Number of hourly rates quoted 3 0 10
Median hourly rate £35.00 - £21.50
UK excluding London median hourly rate - - -

Hedge funds 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 with a requirement for generic IT skills.

All Generic IT Skills
UK
Contract vacancies with a requirement for generic IT skills 19,852 30,681 33,322
As % of all contract IT jobs advertised in the UK 31.83% 31.81% 32.59%
Number of daily rates quoted 12,331 19,908 21,888
Median daily rate £473 £475 £450
Median daily rate % change year-on-year -0.53% +5.56% +5.88%
10th Percentile £233 £275 £263
90th Percentile £675 £663 £650
UK excluding London median daily rate £425 £425 £400
% change year-on-year - +6.25% -
Number of hourly rates quoted 965 993 1,026
Median hourly rate £25.50 £20.86 £21.70
Median hourly rate % change year-on-year +22.27% -3.89% +9.85%
10th Percentile £12.61 £11.85 £11.78
90th Percentile £53.00 £50.00 £50.00
Median hourly rate £22.00 £19.75 £21.00
% change year-on-year +11.39% -5.95% +16.67%

Hedge funds
Job Vacancy Trend

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

Job vacancy trend for Hedge funds in the UK

Hedge funds
Contractor Daily Rate Trend

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

Daily rate trend for Hedge funds in the UK

Hedge funds
Daily Rate Histogram

Daily rate distribution for jobs citing Hedge funds over the 6 months to 31 March 2020.

Daily rate histogram for Hedge funds in the UK

Hedge funds
Contractor Hourly Rate Trend

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

Hourly rate trend for Hedge funds in the UK

Hedge funds
Top 8 Contract Locations

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Hedge funds within the UK over the 6 months to 31 March 2020. 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
England +50 360 £675 +3.85% 99
London +53 356 £675 +3.85% 98
Work from Home +22 13 £750 +25.00% 5
UK excluding London +125 5 £513 +1.23% 1
East Midlands - 3 £550 -
Midlands - 3 £550 -
South East +103 1 £525 -2.33%
Channel Islands - 1 £425 -

For the 6 months to 31 March 2020, IT contractor jobs citing Hedge funds also mentioned the following skills in order of popularity. The figures indicate the absolute number co-occurrences and as a proportion of all contract job ads with a requirement for Hedge funds.

1 260 (71.23%) Finance
2 214 (58.63%) Front Office
3 194 (53.15%) Fixed Income
4 182 (49.86%) AWS
5 180 (49.32%) Asset Management
6 172 (47.12%) Web Services
7 160 (43.84%) Python
8 158 (43.29%) Equities
9 153 (41.92%) Java
10 149 (40.82%) Derivative
11 147 (40.27%) Agile Software Development
12 144 (39.45%) AngularJS
13 142 (38.90%) React
14 141 (38.63%) Foreign Exchange (FX)
15 136 (37.26%) JavaScript
15 136 (37.26%) Software Engineering
16 118 (32.33%) Azure
17 112 (30.68%) Banking
17 112 (30.68%) SQL
18 108 (29.59%) C#
19 102 (27.95%) GCP
20 92 (25.21%) Investment Management
21 81 (22.19%) .NET
22 79 (21.64%) Portfolio Management
23 76 (20.82%) Analytics
24 68 (18.63%) Microservices
25 64 (17.53%) Investment Banking
26 63 (17.26%) Node.js
27 59 (16.16%) SQL Server
28 58 (15.89%) Vue.js

Hedge funds
Co-occurring IT Skills 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 10 (2.74%) Apache Spark
2 6 (1.64%) SharePoint
3 2 (0.55%) CMS
3 2 (0.55%) IIS
3 2 (0.55%) Umbraco
4 1 (0.27%) Apache Airflow
Applications
1 9 (2.47%) Microsoft Excel
2 2 (0.55%) Microsoft Office
3 1 (0.27%) Microsoft PowerPoint
3 1 (0.27%) MS Visio
Business Applications
1 41 (11.23%) FINCAD Analytics
2 35 (9.59%) Markit EDM
3 20 (5.48%) SimCorp Dimension
4 15 (4.11%) PolarLake
5 11 (3.01%) Eagle PACE
6 5 (1.37%) Front Arena
6 5 (1.37%) SAP S/4HANA
7 1 (0.27%) SAP ERP
7 1 (0.27%) SAP MM
Cloud Services
1 182 (49.86%) AWS
2 118 (32.33%) Azure
3 102 (27.95%) GCP
4 41 (11.23%) AWS Step Functions
5 26 (7.12%) Amazon SQS
6 24 (6.58%) AWS Lambda
6 24 (6.58%) Serverless
7 22 (6.03%) Office 365
8 20 (5.48%) Power Platform
9 17 (4.66%) Amazon ECS
9 17 (4.66%) Amazon S3
10 14 (3.84%) OpenShift
11 12 (3.29%) Amazon EC2
11 12 (3.29%) Mimecast
12 3 (0.82%) GitHub
12 3 (0.82%) SaaS
13 2 (0.55%) Amazon EMR
13 2 (0.55%) AWS CloudFormation
14 1 (0.27%) IaaS
14 1 (0.27%) Logentries
Communications & Networking
1 11 (3.01%) Firewall
1 11 (3.01%) WAN
2 8 (2.19%) LAN
3 7 (1.92%) DNS
4 6 (1.64%) DHCP
4 6 (1.64%) VPN
5 4 (1.10%) Network Security
6 3 (0.82%) Cisco ASA
6 3 (0.82%) MPLS
6 3 (0.82%) Wireless
7 2 (0.55%) BGP
7 2 (0.55%) EIGRP
7 2 (0.55%) Internet
7 2 (0.55%) OSPF
7 2 (0.55%) Skype
7 2 (0.55%) TCP/IP
7 2 (0.55%) Unified Communications
7 2 (0.55%) VoIP
7 2 (0.55%) WebEx
7 2 (0.55%) Wi-Fi
Database & Business Intelligence
1 59 (16.16%) SQL Server
2 57 (15.62%) NoSQL
3 49 (13.42%) PostgreSQL
4 48 (13.15%) Amazon Athena
5 42 (11.51%) Amazon DynamoDB
6 38 (10.41%) Amazon Aurora
7 36 (9.86%) MongoDB
8 31 (8.49%) RDBMS
8 31 (8.49%) Relational Database
9 29 (7.95%) Amazon RDS
9 29 (7.95%) Apache Cassandra
9 29 (7.95%) Redis
10 27 (7.40%) Couchbase
10 27 (7.40%) DB2
10 27 (7.40%) HBase
10 27 (7.40%) MariaDB
10 27 (7.40%) Neo4j
11 23 (6.30%) Amazon Redshift
12 20 (5.48%) OLAP
12 20 (5.48%) Power BI
Development Applications
1 37 (10.14%) Git (software)
2 25 (6.85%) TeamCity
3 20 (5.48%) Octopus Deploy
4 14 (3.84%) Artifactory
4 14 (3.84%) RStudio
5 6 (1.64%) Subversion
6 5 (1.37%) Jenkins
6 5 (1.37%) JIRA
6 5 (1.37%) Log4Net
6 5 (1.37%) Maven
7 1 (0.27%) GitLab
7 1 (0.27%) HP UFT
7 1 (0.27%) JMeter
7 1 (0.27%) Selenium
7 1 (0.27%) SoapUI
7 1 (0.27%) SpecFlow
7 1 (0.27%) Team Foundation Server
General
1 260 (71.23%) Finance
2 214 (58.63%) Front Office
3 112 (30.68%) Banking
4 64 (17.53%) Investment Banking
5 26 (7.12%) Financial Institution
6 21 (5.75%) Back Office
7 8 (2.19%) Retail
8 3 (0.82%) Legal
9 2 (0.55%) Manufacturing
10 1 (0.27%) German Language
10 1 (0.27%) Marketing
Job Titles
1 197 (53.97%) Developer
2 69 (18.90%) AWS Developer
3 49 (13.42%) C# Developer
4 44 (12.05%) Front Office Developer
5 43 (11.78%) AWS Engineer
5 43 (11.78%) Java Developer
6 39 (10.68%) Software Engineer
7 36 (9.86%) Architect
7 36 (9.86%) Python Developer
8 35 (9.59%) JavaScript Developer
9 34 (9.32%) Senior Developer
10 23 (6.30%) Analyst
10 23 (6.30%) React Developer
11 22 (6.03%) Python Engineer
12 21 (5.75%) Solutions Architect
13 19 (5.21%) Developer/Software Engineer
13 19 (5.21%) Java Engineer
13 19 (5.21%) JavaScript Engineer
13 19 (5.21%) NoSQL Developer
14 18 (4.93%) Full Stack Developer
Libraries, Frameworks & Software Standards
1 172 (47.12%) Web Services
2 144 (39.45%) AngularJS
3 142 (38.90%) React
4 81 (22.19%) .NET
5 63 (17.26%) Node.js
6 58 (15.89%) Vue.js
7 53 (14.52%) J2EE
8 50 (13.70%) HTML
9 45 (12.33%) CSS
10 31 (8.49%) ASP.NET
11 22 (6.03%) Kafka
12 17 (4.66%) Redux
13 15 (4.11%) .NET Framework
14 14 (3.84%) FIX Protocol
14 14 (3.84%) NumPy
14 14 (3.84%) Pandas
14 14 (3.84%) SciPy
14 14 (3.84%) WPF
15 10 (2.74%) D3.js
16 9 (2.47%) WinForms
Miscellaneous
1 194 (53.15%) Fixed Income
2 158 (43.29%) Equities
3 149 (40.82%) Derivative
4 141 (38.63%) Foreign Exchange (FX)
5 58 (15.89%) Greenfield Project
6 50 (13.70%) Equity Derivative
7 44 (12.05%) Analytical Skills
8 39 (10.68%) Reference Data
9 38 (10.41%) Blog
10 24 (6.58%) Public Cloud
11 21 (5.75%) Market Risk
12 10 (2.74%) Analytical Mindset
13 7 (1.92%) OTC Derivatives
14 5 (1.37%) Algorithms
15 4 (1.10%) Credit Derivative
15 4 (1.10%) FMCG
15 4 (1.10%) Management Information System
16 3 (0.82%) Cloud Native
16 3 (0.82%) Data Centre
16 3 (0.82%) Private Cloud
Operating Systems
1 28 (7.67%) Windows
2 22 (6.03%) Linux
3 20 (5.48%) Windows Server
4 14 (3.84%) Windows 10
4 14 (3.84%) Windows Server 2012
5 13 (3.56%) Windows 7
6 12 (3.29%) Windows Server 2016
7 11 (3.01%) Unix
8 6 (1.64%) CentOS
8 6 (1.64%) Red Hat Enterprise Linux
9 3 (0.82%) Mac OS X
10 2 (0.55%) Windows Server 2008
11 1 (0.27%) Android
11 1 (0.27%) Apple iOS
11 1 (0.27%) Windows 8
Processes & Methodologies
1 180 (49.32%) Asset Management
2 147 (40.27%) Agile Software Development
3 136 (37.26%) Software Engineering
4 92 (25.21%) Investment Management
5 79 (21.64%) Portfolio Management
6 76 (20.82%) Analytics
7 68 (18.63%) Microservices
8 55 (15.07%) Business Analysis
9 54 (14.79%) DevOps
10 52 (14.25%) Decision-Making
11 48 (13.15%) Migration
12 45 (12.33%) Open Source
13 43 (11.78%) TDD
14 36 (9.86%) Risk Analytics
15 35 (9.59%) OO
16 34 (9.32%) Scrum
17 32 (8.77%) Fund Management
18 31 (8.49%) OOP
19 30 (8.22%) Performance Attribution
20 29 (7.95%) Front End Development
Programming Languages
1 160 (43.84%) Python
2 153 (41.92%) Java
3 136 (37.26%) JavaScript
4 112 (30.68%) SQL
5 108 (29.59%) C#
6 52 (14.25%) R
7 42 (11.51%) Kotlin
8 35 (9.59%) C++
9 22 (6.03%) TypeScript
10 18 (4.93%) PowerShell
11 14 (3.84%) Scala
12 9 (2.47%) Bash Shell
13 8 (2.19%) PHP
14 7 (1.92%) MATLAB
14 7 (1.92%) VBA
15 5 (1.37%) C
16 3 (0.82%) Perl
17 1 (0.27%) Java 8
Qualifications
1 31 (8.49%) Degree
2 12 (3.29%) MCSE
2 12 (3.29%) Microsoft Certification
3 8 (2.19%) Numerate Degree
4 7 (1.92%) Cisco Certification
5 6 (1.64%) CCNP
5 6 (1.64%) Computer Science Degree
6 2 (0.55%) CCSA
6 2 (0.55%) CCSE
6 2 (0.55%) Master's Degree
7 1 (0.27%) CCIE
7 1 (0.27%) CCIE Service Provider
7 1 (0.27%) CCNA
7 1 (0.27%) CISSP
7 1 (0.27%) Network+ Certification
7 1 (0.27%) Novell Certification
7 1 (0.27%) PMI Certification
7 1 (0.27%) PMP
Quality Assurance & Compliance
1 3 (0.82%) MiFID
2 2 (0.55%) EMIR
2 2 (0.55%) PMO
2 2 (0.55%) QA
3 1 (0.27%) GDPR
System Software
1 33 (9.04%) Docker
2 20 (5.48%) Active Directory
3 5 (1.37%) VMware Infrastructure
4 4 (1.10%) Virtual Servers
5 3 (0.82%) Virtual Machines
6 2 (0.55%) Citrix Hypervisor
6 2 (0.55%) Terminal Services
6 2 (0.55%) VMware Server
6 2 (0.55%) vSphere
7 1 (0.27%) Apache Flume
7 1 (0.27%) Hyper-V
Systems Management
1 16 (4.38%) Terraform
2 15 (4.11%) Kubernetes
3 8 (2.19%) Opscode Chef
3 8 (2.19%) Puppet
4 6 (1.64%) Ansible
4 6 (1.64%) CFEngine
5 2 (0.55%) Control-M
5 2 (0.55%) Microsoft Intune
6 1 (0.27%) FortiGate
6 1 (0.27%) OPNET
Vendors
1 55 (15.07%) Google
2 45 (12.33%) Bloomberg
3 41 (11.23%) Microsoft
4 40 (10.96%) Oracle
5 32 (8.77%) Sybase
6 21 (5.75%) Charles River
7 20 (5.48%) Calypso
7 20 (5.48%) SimCorp
8 18 (4.93%) GoldenSource
8 18 (4.93%) Tableau
9 17 (4.66%) VMware
10 16 (4.38%) Cognos
10 16 (4.38%) MicroStrategy
11 13 (3.56%) Cisco
11 13 (3.56%) Remedy
12 9 (2.47%) Reuters
12 9 (2.47%) SAP
13 6 (1.64%) Citrix
13 6 (1.64%) Red Hat
13 6 (1.64%) SaltStack