Interest Rate Derivative Contracts

Interest Rate Derivatives
UK

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 cited Interest Rate Derivative over the 6 months leading up to 1 May 2025, comparing them to the same period in the previous two years.

6 months to
1 May 2025
Same period 2024 Same period 2023
Rank 505 573 707
Rank change year-on-year +68 +134 +125
Contract jobs citing Interest Rate Derivative 15 9 11
As % of all contract jobs advertised in the UK 0.051% 0.021% 0.018%
As % of the Miscellaneous category 0.15% 0.068% 0.055%
Number of daily rates quoted 10 9 8
10th Percentile £469 - £611
25th Percentile £653 £700 £675
Median daily rate (50th Percentile) £738 £735 £750
Median % change year-on-year +0.34% -2.00% +3.45%
75th Percentile £775 £865 £906
90th Percentile £798 £890 £964
UK excluding London median daily rate - - -

All Generic Skills
UK

Interest Rate Derivative falls under the General and Transferable Skills category. For comparison with the information above, the following table provides summary statistics for all contract job vacancies requiring generic IT skills.

Contract vacancies with a requirement for generic IT skills 9,944 13,250 19,897
As % of all contract IT jobs advertised in the UK 33.97% 30.42% 33.34%
Number of daily rates quoted 6,345 8,502 13,668
10th Percentile £300 £263 £308
25th Percentile £413 £413 £450
Median daily rate (50th Percentile) £525 £538 £550
Median % change year-on-year -2.33% -2.27% -
75th Percentile £650 £660 £680
90th Percentile £775 £788 £800
UK excluding London median daily rate £496 £500 £500
% change year-on-year -0.80% - +5.26%
Number of hourly rates quoted 394 912 640
10th Percentile £16.46 £12.25 £9.80
25th Percentile £21.00 £15.17 £10.63
Median hourly rate £32.05 £30.00 £22.49
Median % change year-on-year +6.83% +33.42% -18.24%
75th Percentile £63.75 £60.75 £65.00
90th Percentile £82.99 £70.00 £75.00
UK excluding London median hourly rate £31.08 £28.25 £22.00
% change year-on-year +10.02% +28.41% +9.64%

Interest Rate Derivative
Job Vacancy Trend

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

Job vacancy trend for Interest Rate Derivative in the UK

Interest Rate Derivative
Contractor Daily Rate Trend

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

Daily rate trend for Interest Rate Derivative in the UK

Interest Rate Derivative
Daily Rate Histogram

Daily rate distribution for jobs citing Interest Rate Derivative over the 6 months to 1 May 2025.

Daily rate histogram for Interest Rate Derivative in the UK

Interest Rate Derivative
Contractor Hourly Rate Trend

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

Hourly rate trend for Interest Rate Derivative in the UK

Interest Rate Derivative
Top 3 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 1 May 2025. 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 +63 15 £738 +0.34% 14
London +41 12 £700 -4.76% 14
Work from Home +39 5 £625 -10.71% 2

Interest Rate 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 2 (13.33%) Confluence
Cloud Services
1 1 (6.67%) GCP
1 1 (6.67%) Power Platform
Database & Business Intelligence
1 4 (26.67%) Data Mart
2 1 (6.67%) BigQuery
2 1 (6.67%) Data Warehouse
2 1 (6.67%) Looker
2 1 (6.67%) Power BI
2 1 (6.67%) Tableau
Development Applications
1 2 (13.33%) JIRA
2 1 (6.67%) Jenkins
2 1 (6.67%) Visual Studio
General
1 9 (60.00%) Finance
2 5 (33.33%) Back Office
2 5 (33.33%) Banking
2 5 (33.33%) Front Office
3 3 (20.00%) Financial Institution
3 3 (20.00%) Social Skills
4 2 (13.33%) Investment Banking
Job Titles
1 7 (46.67%) Business Analyst
2 5 (33.33%) Developer
2 5 (33.33%) Treasury Business Analyst
3 4 (26.67%) Murex Business Analyst
4 3 (20.00%) Python Developer
5 2 (13.33%) Analyst
5 2 (13.33%) Murex Support
6 1 (6.67%) C++ Developer
6 1 (6.67%) Data Analyst
6 1 (6.67%) Data Business Analyst
6 1 (6.67%) Front Office Business Analyst
6 1 (6.67%) Risk Analyst
6 1 (6.67%) Risk Business Analyst
6 1 (6.67%) Senior
6 1 (6.67%) Senior Analyst
6 1 (6.67%) Senior Business Analyst
6 1 (6.67%) Senior Risk Analyst
6 1 (6.67%) Technical Business Analyst
Libraries, Frameworks & Software Standards
1 3 (20.00%) Murex MxML
1 3 (20.00%) REST
2 2 (13.33%) XML
Miscellaneous
1 15 (100.00%) Derivative
2 6 (40.00%) Foreign Exchange (FX)
3 3 (20.00%) Fixed Income
4 2 (13.33%) Credit Derivative
4 2 (13.33%) Data Protection Act
5 1 (6.67%) Data Structures
5 1 (6.67%) Market Risk
5 1 (6.67%) Product Ownership
5 1 (6.67%) Team-Oriented Environment
Operating Systems
1 2 (13.33%) Linux
1 2 (13.33%) Red Hat Enterprise Linux
Processes & Methodologies
1 7 (46.67%) Risk Management
2 4 (26.67%) Agile
2 4 (26.67%) Translating Business Requirements
3 3 (20.00%) Analytics
3 3 (20.00%) Asset Management
3 3 (20.00%) GAP Analysis
3 3 (20.00%) Problem-Solving
3 3 (20.00%) Requirements Gathering
4 2 (13.33%) Business Analysis
4 2 (13.33%) Data Protection
4 2 (13.33%) DevOps
4 2 (13.33%) Functional Testing
4 2 (13.33%) Scrum
4 2 (13.33%) Software Engineering
4 2 (13.33%) Workflow
4 2 (13.33%) Workshop Facilitation
5 1 (6.67%) Business Process Modelling
5 1 (6.67%) Clean Code
5 1 (6.67%) PnL Attribution
5 1 (6.67%) Regulatory Compliance
Programming Languages
1 6 (40.00%) SQL
2 4 (26.67%) Python
3 2 (13.33%) C++
Qualifications
1 2 (13.33%) Degree
2 1 (6.67%) Master's Degree
2 1 (6.67%) Numerate Degree
2 1 (6.67%) PhD
Quality Assurance & Compliance
1 1 (6.67%) Data Quality
1 1 (6.67%) EMIR
1 1 (6.67%) MiFID
1 1 (6.67%) QA
Systems Management
1 1 (6.67%) Ansible
Vendors
1 7 (46.67%) Murex
2 3 (20.00%) Bloomberg
3 2 (13.33%) Red Hat
3 2 (13.33%) ServiceNow
3 2 (13.33%) Sybase
4 1 (6.67%) Google