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 have cited Interest Rate 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 589 708 827
Rank change year-on-year +119 +119 -161
Contract jobs citing Interest Rate Derivative 9 11 22
As % of all contract jobs advertised in the UK 0.021% 0.018% 0.025%
As % of the Miscellaneous category 0.068% 0.055% 0.075%
Number of daily rates quoted 9 8 20
10th Percentile - £611 £638
25th Percentile £700 £675 £648
Median daily rate (50th Percentile) £735 £750 £725
Median % change year-on-year -2.00% +3.45% +18.37%
75th Percentile £865 £906 £763
90th Percentile £890 £964 -
UK excluding London median daily rate - - -

All Generic Skills
UK

Interest Rate 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%

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 27 April 2024.

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 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 +126 9 £735 -2.00% 4
London +101 9 £735 -2.00% 3
Work from Home +137 7 £700 - 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:

Cloud Services
1 4 (44.44%) Azure
1 4 (44.44%) Azure DevOps
Database & Business Intelligence
1 1 (11.11%) Data Mart
1 1 (11.11%) Oracle Database
Development Applications
1 4 (44.44%) Moq
1 4 (44.44%) SpecFlow
1 4 (44.44%) Visual Studio
2 1 (11.11%) JUnit
General
1 3 (33.33%) Banking
2 2 (22.22%) Finance
2 2 (22.22%) International Banking
3 1 (11.11%) Marketing
Job Titles
1 6 (66.67%) Developer
2 4 (44.44%) C# Developer
3 3 (33.33%) Analyst
4 2 (22.22%) Murex Developer
4 2 (22.22%) Qualitative Analyst
4 2 (22.22%) Quantitative Analyst
5 1 (11.11%) Business Analyst
5 1 (11.11%) Derivatives Business Analyst
5 1 (11.11%) FX Business Analyst
5 1 (11.11%) Product Analyst
5 1 (11.11%) Product Business Analyst
5 1 (11.11%) Product Owner
5 1 (11.11%) Senior
5 1 (11.11%) Senior Developer
5 1 (11.11%) Senior Murex Developer
Libraries, Frameworks & Software Standards
1 4 (44.44%) .NET
1 4 (44.44%) .NET Framework
1 4 (44.44%) Entity Framework
2 1 (11.11%) FpML
2 1 (11.11%) Murex MxML
2 1 (11.11%) XSL
Miscellaneous
1 9 (100.00%) Derivative
2 1 (11.11%) Data Protection Act
2 1 (11.11%) Foreign Exchange (FX)
2 1 (11.11%) Linux Command Line
2 1 (11.11%) Product Ownership
Operating Systems
1 1 (11.11%) Linux
Processes & Methodologies
1 4 (44.44%) BDD
1 4 (44.44%) DevOps
1 4 (44.44%) Electronic Trading
1 4 (44.44%) Manual Testing
1 4 (44.44%) TDD
2 2 (22.22%) OO
3 1 (11.11%) Data Protection
3 1 (11.11%) Integration Testing
3 1 (11.11%) Model Validation
3 1 (11.11%) Product Roadmap
3 1 (11.11%) Requirements Gathering
3 1 (11.11%) Roadmaps
3 1 (11.11%) Translating Business Requirements
3 1 (11.11%) Validation
Programming Languages
1 6 (66.67%) C#
1 6 (66.67%) SQL
2 2 (22.22%) C++
2 2 (22.22%) Java
3 1 (11.11%) Shell Script
Vendors
1 2 (22.22%) Murex
2 1 (11.11%) Oracle