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 June 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 Jun 2017
Same period 2016 Same period 2015
Rank 569 630 603
Rank change year-on-year +61 -27  
Contract jobs citing Interest Rate Derivative 45 19 41
As % of all contract IT jobs advertised in the UK 0.096% 0.035% 0.073%
As % of the Miscellaneous category 0.29% 0.11% 0.23%
Number of daily rates quoted 24 18 36
UK median daily rate £625 £550 £638
Median daily rate % change year-on-year +13.63% -13.72%  
10th Percentile £525 £525 £438
90th Percentile £713 £711 £675
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 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 15670 17861 17809
As % of all contract IT job vacancies advertised in the UK 33.26% 33.25% 31.78%
Number of daily rates quoted 14461 16373 15825
UK median daily rate £450 £425 £424
Median daily rate % change year-on-year +5.88% +0.23%  
10th Percentile £263 £255 £248
90th Percentile £663 £630 £636
UK excluding London median daily rate £400 £390 £375
% change year-on-year +2.56% +4.00%  
Number of hourly rates quoted 683 850 842
UK median hourly rate £22.50 £23.00 £19.00
Median hourly rate % change year-on-year -2.17% +21.05%  
10th Percentile £11.72 £11.61 £11.28
90th Percentile £50.25 £47.83 £49.15
UK excluding London median hourly rate £25.00 £23.00 £18.00
% change year-on-year +8.69% +27.77%  

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 3 months to 29 June 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 3 months to 29 June 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 +54 45 £625 +13.63% 3
London +30 44 £625 +13.63% 3

For the 6 months to 29 June 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 66 (95.65%) Derivative
2 55 (79.71%) Fixed Income
3 42 (60.87%) Front Office
3 42 (60.87%) Foreign Exchange (FX)
4 27 (39.13%) SQL
5 25 (36.23%) C#
6 24 (34.78%) Analytical Skills
7 22 (31.88%) Microsoft Excel
8 21 (30.43%) C++
8 21 (30.43%) Agile Software Development
9 20 (28.99%) Microsoft
10 19 (27.54%) Murex
10 19 (27.54%) Unix
10 19 (27.54%) .NET
10 19 (27.54%) Sybase
10 19 (27.54%) Finance
10 19 (27.54%) Swaptions
11 18 (26.09%) Windows
12 17 (24.64%) Python
12 17 (24.64%) Analytics
13 16 (23.19%) Risk Analytics
13 16 (23.19%) Boost C++ Libraries
13 16 (23.19%) XML
13 16 (23.19%) STL
13 16 (23.19%) CMS
13 16 (23.19%) Banking
14 15 (21.74%) Spreadsheet
15 14 (20.29%) Quantitative Research
15 14 (20.29%) Murex MxML
15 14 (20.29%) Data Mart

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 16 (23.19%) CMS
2 2 (2.90%) Confluence
3 1 (1.45%) Apache Spark
3 1 (1.45%) DataSynapse
Applications
1 22 (31.88%) Microsoft Excel
2 15 (21.74%) Spreadsheet
3 2 (2.90%) MS Visio
4 1 (1.45%) Microsoft Office
4 1 (1.45%) Microsoft Project
Business Applications
1 1 (1.45%) RMDS
1 1 (1.45%) Summit
Communications & Networking
1 2 (2.90%) DSL
Database & Business Intelligence
1 14 (20.29%) Data Mart
2 6 (8.70%) SQL Server
3 1 (1.45%) Hadoop
3 1 (1.45%) Impala
3 1 (1.45%) OLAP
3 1 (1.45%) Oracle OLAP
3 1 (1.45%) SQL Server 2008
Development Applications
1 3 (4.35%) Jenkins
1 3 (4.35%) JUnit
1 3 (4.35%) Mockito
2 2 (2.90%) JIRA
3 1 (1.45%) Maven
3 1 (1.45%) Subversion
3 1 (1.45%) TeamCity
General
1 42 (60.87%) Front Office
2 19 (27.54%) Finance
3 16 (23.19%) Banking
4 10 (14.49%) Investment Banking
5 4 (5.80%) Back Office
6 3 (4.35%) Legal
7 1 (1.45%) Financial Institution
7 1 (1.45%) Games
7 1 (1.45%) Retail
7 1 (1.45%) Telecoms
Job Titles
1 38 (55.07%) Developer
2 29 (42.03%) Analyst
3 18 (26.09%) C++ Developer
3 18 (26.09%) Support Analyst
4 15 (21.74%) FX Support Analyst
4 15 (21.74%) Murex Analyst
5 14 (20.29%) C# Developer
5 14 (20.29%) C++ Pricing Developer
5 14 (20.29%) Murex Support
5 14 (20.29%) Murex Support Analyst
6 12 (17.39%) Java Developer
7 11 (15.94%) C++ Quantitative Developer
7 11 (15.94%) Quantitative Developer
8 10 (14.49%) .NET Developer
8 10 (14.49%) Business Analyst
8 10 (14.49%) C# .NET Developer
8 10 (14.49%) C++/C# Developer
9 9 (13.04%) C# Pricing Developer
9 9 (13.04%) Front Office Developer
9 9 (13.04%) Python Developer
Libraries, Frameworks & Software Standards
1 19 (27.54%) .NET
2 16 (23.19%) Boost C++ Libraries
2 16 (23.19%) STL
2 16 (23.19%) XML
3 14 (20.29%) Murex MxML
4 7 (10.14%) Middleware
5 3 (4.35%) SOAP
5 3 (4.35%) Web Services
5 3 (4.35%) WSDL
6 2 (2.90%) WinForms
6 2 (2.90%) WPF
7 1 (1.45%) Akka
7 1 (1.45%) FpML
7 1 (1.45%) Hibernate
7 1 (1.45%) HTML
7 1 (1.45%) HTML5
7 1 (1.45%) Kafka
7 1 (1.45%) Spring
7 1 (1.45%) WCF
Miscellaneous
1 66 (95.65%) Derivative
2 55 (79.71%) Fixed Income
3 42 (60.87%) Foreign Exchange (FX)
4 24 (34.78%) Analytical Skills
5 19 (27.54%) Swaptions
6 11 (15.94%) Data Structures
7 8 (11.59%) Grid Computing
8 7 (10.14%) Credit Derivative
9 6 (8.70%) Equities
10 3 (4.35%) Equity Derivative
11 2 (2.90%) Computer Science
11 2 (2.90%) Market Risk
11 2 (2.90%) OTC Derivatives
12 1 (1.45%) Algorithms
12 1 (1.45%) Fintech
12 1 (1.45%) Hedge funds
12 1 (1.45%) Reference Data
Operating Systems
1 19 (27.54%) Unix
2 18 (26.09%) Windows
3 7 (10.14%) Windows 7
4 5 (7.25%) Linux
5 1 (1.45%) Solaris
Processes & Methodologies
1 21 (30.43%) Agile Software Development
2 17 (24.64%) Analytics
3 16 (23.19%) Risk Analytics
4 14 (20.29%) Quantitative Research
5 5 (7.25%) Multithreaded Programming
5 5 (7.25%) Multithreading
6 4 (5.80%) Performance Analysis
6 4 (5.80%) User Acceptance Testing
7 3 (4.35%) Business Analysis
7 3 (4.35%) Collateral Management
7 3 (4.35%) Continuous Integration
7 3 (4.35%) Mathematics
7 3 (4.35%) PnL Attribution
7 3 (4.35%) RAD
7 3 (4.35%) Regression Testing
7 3 (4.35%) Workflow
8 2 (2.90%) Electronic Trading
8 2 (2.90%) Risk Management
8 2 (2.90%) Scrum
8 2 (2.90%) Waterfall
Programming Languages
1 27 (39.13%) SQL
2 25 (36.23%) C#
3 21 (30.43%) C++
4 17 (24.64%) Python
5 14 (20.29%) Java
5 14 (20.29%) Perl
6 11 (15.94%) Scala
7 6 (8.70%) VBA
8 1 (1.45%) APL
8 1 (1.45%) VB
8 1 (1.45%) VB6
Qualifications
1 2 (2.90%) Degree
2 1 (1.45%) A+ Certification
2 1 (1.45%) Computer Science Degree
2 1 (1.45%) ISEB
2 1 (1.45%) ITIL Certification
2 1 (1.45%) Numerate Degree
Quality Assurance & Compliance
1 6 (8.70%) MiFID
2 3 (4.35%) EMIR
3 2 (2.90%) Dodd-Frank
4 1 (1.45%) QA
Systems Management
1 2 (2.90%) HP Quality Center
Vendors
1 20 (28.99%) Microsoft
2 19 (27.54%) Murex
2 19 (27.54%) Sybase
3 3 (4.35%) Oracle
4 2 (2.90%) Calypso
5 1 (1.45%) HP
5 1 (1.45%) TIBCO