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 3 months to 29 March 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
3 months to
29 Mar 2017
Same period 2016 Same period 2015
Rank 581 606 578
Rank change year-on-year +25 -28  
Contract jobs citing Interest Rate Derivative 24 42 47
As % of all contract IT jobs advertised in the UK 0.053% 0.078% 0.088%
As % of the Miscellaneous category 0.17% 0.25% 0.29%
Number of daily rates quoted 7 42 39
Median daily rate £625 £525 £525
Median daily rate % change year-on-year +19.04% -  
90% offered a daily rate of more than £485 £525 £395
10% offered a daily rate of more than £650 £750 £634
UK excluding London median daily rate - - £400
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 with a requirement for generic IT skills.

Generic IT Skills
UK
Contract job vacancies with a requirement for generic IT skills 14438 16788 16177
As % of all contract IT job vacancies advertised in the UK 31.92% 31.19% 30.27%
Number of daily rates quoted 9334 10966 9753
Median daily rate £445 £425 £420
Median daily rate % change year-on-year +4.70% +1.19%  
90% offered a daily rate of more than £265 £260 £250
10% offered a daily rate of more than £625 £625 £600
UK excluding London median daily rate £395 £375 £375
% change year-on-year +5.33% -  
Number of hourly rates quoted 535 571 682
Median hourly rate £22.50 £22.54 £18.70
Median hourly rate % change year-on-year -0.17% +20.53%  
90% offered a hourly rate of more than £11.33 £12.50 £11.75
10% offered a hourly rate of more than £50.00 £50.50 £45.00
UK excluding London median hourly rate £19.50 £26.50 £18.50
% change year-on-year -26.41% +43.24%  

Interest Rate Derivative
Job Vacancy Trend

The job posting trend of jobs advertised citing Interest Rate Derivative as a proportion of all contract or permanent IT jobs with a match in the Miscellaneous category.

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 3 months to 29 March 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 4 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 3 months to 29 March 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
England +31 24 £625 +19.04% 6
London +13 24 £625 +19.04% 6
City of London -5 2 £638 -26.08% 2
Canary Wharf - 1 £650 -

For the 6 months to 29 March 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 35 (92.11%) Derivative
2 30 (78.95%) Fixed Income
3 24 (63.16%) Front Office
4 21 (55.26%) Foreign Exchange (FX)
5 18 (47.37%) Murex
5 18 (47.37%) SQL
6 16 (42.11%) Sybase
6 16 (42.11%) Unix
7 15 (39.47%) Finance
8 14 (36.84%) Murex MxML
8 14 (36.84%) Data Mart
8 14 (36.84%) Perl
9 9 (23.68%) Java
10 6 (15.79%) Equities
10 6 (15.79%) Back Office
10 6 (15.79%) Swaptions
10 6 (15.79%) MiFID
10 6 (15.79%) Scala
11 5 (13.16%) Grid Computing
11 5 (13.16%) EMIR
11 5 (13.16%) Dodd-Frank
11 5 (13.16%) Data Structures
11 5 (13.16%) Banking
12 4 (10.53%) Middleware
12 4 (10.53%) Analytical Skills
12 4 (10.53%) Investment Banking
13 3 (7.89%) Credit Derivative
13 3 (7.89%) Multithreading
13 3 (7.89%) HP Quality Center
13 3 (7.89%) Analytics

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 1 (2.63%) CMS
Applications
1 1 (2.63%) MS Excel
1 1 (2.63%) Spreadsheet
Business Applications
1 1 (2.63%) Bloomberg TOMS
Communications & Networking
1 2 (5.26%) DSL
Database & Business Intelligence
1 14 (36.84%) Data Mart
2 2 (5.26%) SQL Server
3 1 (2.63%) Big Data
3 1 (2.63%) SQL Server 2008
Development Applications
1 1 (2.63%) Jenkins
1 1 (2.63%) JIRA
1 1 (2.63%) JUnit
1 1 (2.63%) Maven
1 1 (2.63%) Mockito
1 1 (2.63%) Subversion
1 1 (2.63%) TeamCity
General
1 24 (63.16%) Front Office
2 15 (39.47%) Finance
3 6 (15.79%) Back Office
4 5 (13.16%) Banking
5 4 (10.53%) Investment Banking
6 2 (5.26%) Legal
6 2 (5.26%) Retail
7 1 (2.63%) Corporate Banking
7 1 (2.63%) Spanish Language
Job Titles
1 22 (57.89%) Analyst
2 15 (39.47%) FX Support Analyst
2 15 (39.47%) Support Analyst
3 14 (36.84%) Murex Analyst
3 14 (36.84%) Murex Support
3 14 (36.84%) Murex Support Analyst
4 11 (28.95%) Developer
5 7 (18.42%) Java Developer
6 6 (15.79%) Business Analyst
6 6 (15.79%) MiFID Business Analyst
7 4 (10.53%) Scala Developer
8 3 (7.89%) C# Developer
8 3 (7.89%) Java Scala Developer
9 2 (5.26%) Architect
9 2 (5.26%) Front Office Developer
10 1 (2.63%) Applications Support
10 1 (2.63%) Business IT Analyst
10 1 (2.63%) IT Risk Manager
10 1 (2.63%) Project Manager
10 1 (2.63%) Quality Engineer
Libraries, Frameworks & Software Standards
1 14 (36.84%) Murex MxML
2 4 (10.53%) Middleware
3 2 (5.26%) .NET
3 2 (5.26%) Akka
3 2 (5.26%) HTML
3 2 (5.26%) HTML5
3 2 (5.26%) Kafka
4 1 (2.63%) Boost C++ Libraries
4 1 (2.63%) FIX Protocol
4 1 (2.63%) Hibernate
4 1 (2.63%) SOAP
4 1 (2.63%) Spring
4 1 (2.63%) STL
4 1 (2.63%) Web Services
4 1 (2.63%) WPF
4 1 (2.63%) WSDL
4 1 (2.63%) XML
Miscellaneous
1 35 (92.11%) Derivative
2 30 (78.95%) Fixed Income
3 21 (55.26%) Foreign Exchange (FX)
4 6 (15.79%) Equities
4 6 (15.79%) Swaptions
5 5 (13.16%) Data Structures
5 5 (13.16%) Grid Computing
6 4 (10.53%) Analytical Skills
7 3 (7.89%) Credit Derivative
8 1 (2.63%) Equity Derivative
8 1 (2.63%) Management Information System
8 1 (2.63%) Market Risk
8 1 (2.63%) OTC Derivatives
8 1 (2.63%) Virtual Team
Operating Systems
1 16 (42.11%) Unix
2 1 (2.63%) Linux
2 1 (2.63%) Windows
Processes & Methodologies
1 3 (7.89%) Analytics
1 3 (7.89%) Multithreading
1 3 (7.89%) Regression Testing
2 2 (5.26%) Data Ingestion
2 2 (5.26%) Multithreaded Programming
2 2 (5.26%) Risk Management
2 2 (5.26%) Test Scripting
3 1 (2.63%) Agile Software Development
3 1 (2.63%) Automated Testing
3 1 (2.63%) Continuous Integration
3 1 (2.63%) Data Management
3 1 (2.63%) Electronic Trading
3 1 (2.63%) Mathematics
3 1 (2.63%) Release Management
3 1 (2.63%) Software Engineering
3 1 (2.63%) Software Testing
3 1 (2.63%) Stakeholder Management
3 1 (2.63%) TDD
3 1 (2.63%) User Acceptance Testing
3 1 (2.63%) Workflow
Programming Languages
1 18 (47.37%) SQL
2 14 (36.84%) Perl
3 9 (23.68%) Java
4 6 (15.79%) Scala
5 3 (7.89%) C#
6 2 (5.26%) C++
7 1 (2.63%) JavaScript
7 1 (2.63%) Python
7 1 (2.63%) VBA
7 1 (2.63%) VBScript
Quality Assurance & Compliance
1 6 (15.79%) MiFID
2 5 (13.16%) Dodd-Frank
2 5 (13.16%) EMIR
3 1 (2.63%) QA
Systems Management
1 3 (7.89%) HP Quality Center
Vendors
1 18 (47.37%) Murex
2 16 (42.11%) Sybase
3 2 (5.26%) HP
3 2 (5.26%) Microsoft
4 1 (2.63%) Bloomberg
4 1 (2.63%) Calypso
4 1 (2.63%) Fidessa
4 1 (2.63%) ION Trading
4 1 (2.63%) TIBCO
City, London
Harvey Nash plc
Rate: £550 - £650 per day +
Posted: Yesterday
London
AMS contingency
Posted: 5 days ago