Period
to 18 November 2017

The table below looks at the prevalence of the term Interest Rate Derivative in contract job vacancies. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Interest Rate Derivative over the 6 months to 18 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
UK
6 months to
18 Nov 2017
Same period 2016 Same period 2015
Rank 817 856 787
Rank change year-on-year +39 -69 +15
Contract jobs citing Interest Rate Derivative 72 30 117
As % of all contract IT jobs advertised in the UK 0.071% 0.028% 0.10%
As % of the Miscellaneous category 0.21% 0.086% 0.31%
Number of daily rates quoted 47 25 100
UK median daily rate £625 £600 £625
Median daily rate % change year-on-year +4.17% -4.00% +4.17%
10th Percentile £519 £525 £425
90th Percentile £703 £703 £810
UK excluding London median daily rate - - £600
Number of hourly rates quoted 0 0 0
UK median hourly rate - - -
UK excluding London 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 with a requirement for generic IT skills.

All Generic IT Skills
UK
Contract vacancies with a requirement for generic IT skills 34307 34966 37326
As % of all contract IT jobs advertised in the UK 33.60% 33.09% 32.49%
Number of daily rates quoted 22763 22959 23716
UK median daily rate £450 £425 £420
Median daily rate % change year-on-year +5.88% +1.19% +5.00%
10th Percentile £263 £250 £240
90th Percentile £650 £625 £618
UK excluding London median daily rate £400 £390 £375
% change year-on-year +2.56% +4.00% +7.14%
Number of hourly rates quoted 1004 1201 1466
UK median hourly rate £20.92 £21.00 £19.46
Median hourly rate % change year-on-year -0.37% +7.91% +8.11%
10th Percentile £11.25 £11.72 £11.25
90th Percentile £48.75 £47.50 £47.25
UK excluding London median hourly rate £20.06 £21.00 £19.00
% change year-on-year -4.48% +10.53% +8.57%

Interest Rate Derivative
Job Vacancy Trend

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

Job vacancy trend for Interest Rate Derivative in the UK

Interest Rate Derivative
Contractor Daily Rate Trend

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

Contractor daily rate trend for Interest Rate Derivative in the UK

Interest Rate Derivative
Contractor Daily Rate Histogram

The daily rate distribution of IT jobs citing Interest Rate Derivative over the 6 months to 18 November 2017.

Contractor daily rate histogram for Interest Rate Derivative in the UK

Interest Rate Derivative
Contractor Hourly Rate Trend

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

Contractor hourly rate trend for Interest Rate Derivative in the UK

Interest Rate Derivative
Top 2 Contract Locations

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 UK over the 6 months to 18 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
England +84 72 £625 +4.17%
London +35 72 £625 +4.17%

For the 6 months to 18 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 with a requirement for Interest Rate Derivative.

1 69 (95.83%) Derivative
2 58 (80.56%) Fixed Income
3 42 (58.33%) Front Office
4 32 (44.44%) C#
5 30 (41.67%) Agile Software Development
5 30 (41.67%) Analytics
6 29 (40.28%) Microsoft Excel
6 29 (40.28%) Foreign Exchange (FX)
7 27 (37.50%) C++
7 27 (37.50%) Analytical Skills
8 25 (34.72%) Windows
8 25 (34.72%) Python
9 22 (30.56%) Spreadsheet
9 22 (30.56%) Finance
9 22 (30.56%) Risk Analytics
10 21 (29.17%) Quantitative Research
11 20 (27.78%) Swaptions
12 19 (26.39%) Microsoft
13 17 (23.61%) .NET
14 14 (19.44%) Credit Derivative
15 13 (18.06%) Banking
15 13 (18.06%) CMS
15 13 (18.06%) Java
15 13 (18.06%) SQL
15 13 (18.06%) STL
15 13 (18.06%) XML
15 13 (18.06%) Boost C++ Libraries
16 12 (16.67%) Windows 7
16 12 (16.67%) Linux
16 12 (16.67%) Equities

Interest Rate Derivative
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 13 (18.06%) CMS
2 5 (6.94%) Apache Spark
3 4 (5.56%) Confluence
4 3 (4.17%) DataSynapse
4 3 (4.17%) Oracle Coherence
5 1 (1.39%) JBoss
Applications
1 29 (40.28%) Microsoft Excel
2 22 (30.56%) Spreadsheet
3 5 (6.94%) MS Visio
4 1 (1.39%) Microsoft Office
4 1 (1.39%) Microsoft Project
Business Applications
1 1 (1.39%) RMDS
Database & Business Intelligence
1 5 (6.94%) Apache Cassandra
1 5 (6.94%) Hadoop
1 5 (6.94%) HBase
1 5 (6.94%) MongoDB
1 5 (6.94%) NoSQL
2 3 (4.17%) Big Data
2 3 (4.17%) Spark SQL
3 2 (2.78%) SQL Server
Development Applications
1 5 (6.94%) Git (software)
1 5 (6.94%) Maven
1 5 (6.94%) SonarQube
1 5 (6.94%) TeamCity
2 3 (4.17%) Cucumber
3 1 (1.39%) JIRA
3 1 (1.39%) Visual Studio
General
1 42 (58.33%) Front Office
2 22 (30.56%) Finance
3 13 (18.06%) Banking
4 6 (8.33%) Back Office
4 6 (8.33%) Investment Banking
5 1 (1.39%) Financial Institution
5 1 (1.39%) French Language
5 1 (1.39%) Marketing
Job Titles
1 40 (55.56%) Developer
2 23 (31.94%) Analyst
2 23 (31.94%) C++ Developer
3 21 (29.17%) Business Analyst
3 21 (29.17%) C++ Pricing Developer
3 21 (29.17%) Pricing Developer
4 20 (27.78%) Analytics Developer
5 17 (23.61%) Front Office Developer
6 11 (15.28%) C++ Quantitative Developer
6 11 (15.28%) Front Office C++ Developer
6 11 (15.28%) Quantitative Developer
7 9 (12.50%) Java Developer
8 8 (11.11%) FX Business Analyst
8 8 (11.11%) Java Scala Developer
8 8 (11.11%) Scala Developer
9 7 (9.72%) Support Analyst
10 5 (6.94%) C# Developer
10 5 (6.94%) Credit Analyst
10 5 (6.94%) Murex Analyst
10 5 (6.94%) Murex Business Analyst
Libraries, Frameworks & Software Standards
1 17 (23.61%) .NET
2 13 (18.06%) Boost C++ Libraries
2 13 (18.06%) STL
2 13 (18.06%) XML
3 7 (9.72%) Middleware
4 5 (6.94%) Akka
4 5 (6.94%) Kafka
5 4 (5.56%) WPF
6 3 (4.17%) Apache Avro
6 3 (4.17%) Gherkin
6 3 (4.17%) OpenCL
6 3 (4.17%) RESTful
6 3 (4.17%) WCF
7 2 (2.78%) .NET Framework
7 2 (2.78%) WinForms
Miscellaneous
1 69 (95.83%) Derivative
2 58 (80.56%) Fixed Income
3 29 (40.28%) Foreign Exchange (FX)
4 27 (37.50%) Analytical Skills
5 20 (27.78%) Swaptions
6 14 (19.44%) Credit Derivative
7 12 (16.67%) Equities
8 10 (13.89%) Grid Computing
9 8 (11.11%) Equity Derivative
9 8 (11.11%) Market Risk
10 6 (8.33%) Data Structures
11 3 (4.17%) Credit Risk
12 2 (2.78%) Computer Science
12 2 (2.78%) Reference Data
13 1 (1.39%) Fintech
13 1 (1.39%) Hedge funds
13 1 (1.39%) PMI
Operating Systems
1 25 (34.72%) Windows
2 12 (16.67%) Linux
2 12 (16.67%) Windows 7
3 7 (9.72%) Unix
4 3 (4.17%) Solaris
Processes & Methodologies
1 30 (41.67%) Agile Software Development
1 30 (41.67%) Analytics
2 22 (30.56%) Risk Analytics
3 21 (29.17%) Quantitative Research
4 12 (16.67%) Business Analysis
5 10 (13.89%) Electronic Trading
6 8 (11.11%) Risk Management
7 7 (9.72%) Multithreading
7 7 (9.72%) Waterfall
8 6 (8.33%) Market Surveillance
8 6 (8.33%) Multithreaded Programming
9 5 (6.94%) MapReduce
9 5 (6.94%) Project Management
10 4 (5.56%) BPMN
10 4 (5.56%) Performance Analysis
10 4 (5.56%) Scrum
10 4 (5.56%) Stakeholder Management
11 3 (4.17%) PnL Attribution
11 3 (4.17%) Technical Analysis
11 3 (4.17%) Translating Business Requirements
Programming Languages
1 32 (44.44%) C#
2 27 (37.50%) C++
3 25 (34.72%) Python
4 13 (18.06%) Java
4 13 (18.06%) SQL
5 11 (15.28%) Scala
6 6 (8.33%) VBA
7 5 (6.94%) Bash Shell
Qualifications
1 3 (4.17%) Degree
1 3 (4.17%) ITIL Certification
2 1 (1.39%) Computer Science Degree
2 1 (1.39%) ISEB
2 1 (1.39%) Numerate Degree
2 1 (1.39%) PMI Certification
2 1 (1.39%) PMP
Quality Assurance & Compliance
1 9 (12.50%) MiFID
2 6 (8.33%) EMIR
3 3 (4.17%) QA
4 1 (1.39%) Data Quality
System Software
1 5 (6.94%) Apache ZooKeeper
1 5 (6.94%) HDFS
Systems Management
1 5 (6.94%) Mesos
Vendors
1 19 (26.39%) Microsoft
2 5 (6.94%) Murex
3 4 (5.56%) Oracle
4 1 (1.39%) Calypso
4 1 (1.39%) DevExpress
4 1 (1.39%) Wallstreet Suite