The median contractor rate for a Market Risk Developer was £650 per day in advertised job vacancies during the 3 months to 29 March 2017.

The first table below provides contractor rate benchmarking and summary statistics including a comparison to same period in 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.

Market Risk Developer
UK
3 months to
29 Mar 2017
Same period 2016 Same period 2015
Rank 597 634 616
Rank change year-on-year +37 -18  
Contract jobs requiring a Market Risk Developer 8 14 9
As % of all contract IT jobs advertised in the UK 0.018% 0.026% 0.017%
As % of the Job Titles category 0.019% 0.027% 0.018%
Number of daily rates quoted 8 9 8
Median daily rate £650 £575 £625
Median daily rate % change year-on-year +13.04% -8.00%  
90% offered a daily rate of more than £555 £508 £585
10% offered a daily rate of more than £691 £720 £680
UK excluding London median daily rate - - -
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median hourly rate - - -

The next table is for comparison with the above and includes summary statistics for all job roles in contract job vacancies. Most job vacancies include a discernible job title. As such, the figures in the first row provide an indication of the number of contract jobs in our overall sample.

Contract IT Job Roles
UK
Contract job vacancies with a job title containing a recognized job role 42875 51263 50687
As % of all contract IT job vacancies advertised in the UK 94.79% 95.24% 94.83%
Number of daily rates quoted 27839 33245 30600
Median daily rate £425 £425 £400
Median daily rate % change year-on-year - +6.25%  
90% offered a daily rate of more than £260 £260 £238
10% offered a daily rate of more than £600 £600 £555
UK excluding London median daily rate £400 £388 £375
% change year-on-year +3.22% +3.33%  
Number of hourly rates quoted 1489 1590 2025
Median hourly rate £18.00 £18.75 £17.50
Median hourly rate % change year-on-year -4.00% +7.14%  
90% offered a hourly rate of more than £11.30 £11.30 £11.00
10% offered a hourly rate of more than £47.50 £47.83 £42.50
UK excluding London median hourly rate £17.50 £19.50 £17.00
% change year-on-year -10.25% +14.70%  

Market Risk Developer
Job Vacancy Trend

The job posting trend of jobs advertised that featured Market Risk Developer in the job title.

Job vacancy trend for Market Risk Developer in the UK

Market Risk Developer
Contractor Daily Rate Trend

This chart provides the 3-month moving average for daily rates quoted in contract jobs citing Market Risk Developer.

Contractor daily rate trend for Market Risk Developer in the UK

Market Risk Developer
Contractor Daily Rate Histogram

The daily rate distribution of IT jobs citing Market Risk Developer over the 3 months to 29 March 2017.

Contractor daily rate histogram for Market Risk Developer in the UK

Market Risk Developer
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 Market Risk Developer 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 +44 8 £650 +13.04%
London +26 8 £650 +13.04%
City of London -2 4 £650 +23.80%

Market Risk Developer Skill Set
Top 30 Co-occurring IT Skills

For the 6 months to 29 March 2017, Market Risk Developer contract jobs required the following IT skills in order of popularity. The figures indicate the number co-occurrences and its proportion to all contract ads featuring Market Risk Developer in the job title.

1 33 (100.00%) Market Risk
2 25 (75.76%) Java
3 20 (60.61%) Mathematics
4 19 (57.58%) Finance
5 16 (48.48%) Front Office
5 16 (48.48%) Agile Software Development
5 16 (48.48%) Banking
6 15 (45.45%) OO
7 14 (42.42%) Derivative
8 13 (39.39%) Multithreading
9 12 (36.36%) Scala
9 12 (36.36%) Hadoop
9 12 (36.36%) Risk Management
10 11 (33.33%) OOP
10 11 (33.33%) C#
11 10 (30.30%) Subversion
11 10 (30.30%) Big Data
12 9 (27.27%) Apache Spark
12 9 (27.27%) Mathematical Modelling
12 9 (27.27%) Investment Banking
12 9 (27.27%) Equities
12 9 (27.27%) C++
12 9 (27.27%) Scrum
12 9 (27.27%) Foreign Exchange (FX)
13 8 (24.24%) Concurrent Programming
13 8 (24.24%) Analytics
13 8 (24.24%) Apache Cassandra
13 8 (24.24%) Haskell
14 6 (18.18%) Monte Carlo Method
14 6 (18.18%) Credit Risk

Market Risk Developer Skill Set
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 9 (27.27%) Apache Spark
2 5 (15.15%) Apache Pig
2 5 (15.15%) Oracle Coherence
3 3 (9.09%) DataSynapse
Applications
1 5 (15.15%) MS Office
Database & Business Intelligence
1 12 (36.36%) Hadoop
2 10 (30.30%) Big Data
3 8 (24.24%) Apache Cassandra
4 5 (15.15%) Data Lake
4 5 (15.15%) Data Warehouse
5 1 (3.03%) Hazelcast
5 1 (3.03%) HBase
5 1 (3.03%) SQL Server
Development Applications
1 10 (30.30%) Subversion
General
1 19 (57.58%) Finance
2 16 (48.48%) Banking
2 16 (48.48%) Front Office
3 9 (27.27%) Investment Banking
Libraries, Frameworks & Software Standards
1 2 (6.06%) STL
2 1 (3.03%) .NET
2 1 (3.03%) CORBA
2 1 (3.03%) J2EE
2 1 (3.03%) Spring
2 1 (3.03%) WCF
2 1 (3.03%) WPF
Miscellaneous
1 33 (100.00%) Market Risk
2 14 (42.42%) Derivative
3 9 (27.27%) Equities
3 9 (27.27%) Foreign Exchange (FX)
4 6 (18.18%) Credit Risk
5 1 (3.03%) Computer Science
5 1 (3.03%) Equity Derivative
5 1 (3.03%) Fixed Income
5 1 (3.03%) Grid Computing
5 1 (3.03%) OTC Derivatives
Operating Systems
1 2 (6.06%) Linux
Processes & Methodologies
1 20 (60.61%) Mathematics
2 16 (48.48%) Agile Software Development
3 15 (45.45%) OO
4 13 (39.39%) Multithreading
5 12 (36.36%) Risk Management
6 11 (33.33%) OOP
7 9 (27.27%) Mathematical Modelling
7 9 (27.27%) Scrum
8 8 (24.24%) Analytics
8 8 (24.24%) Concurrent Programming
9 6 (18.18%) Monte Carlo Method
10 5 (15.15%) Physics
10 5 (15.15%) PnL Attribution
10 5 (15.15%) Quantitative Finance
10 5 (15.15%) Stochastic Modelling
11 4 (12.12%) Continuous Integration
12 3 (9.09%) Functional Programming
12 3 (9.09%) Multithreaded Programming
12 3 (9.09%) TDD
13 2 (6.06%) SDLC
Programming Languages
1 25 (75.76%) Java
2 12 (36.36%) Scala
3 11 (33.33%) C#
4 9 (27.27%) C++
5 8 (24.24%) Haskell
6 4 (12.12%) MATLAB
7 3 (9.09%) Python
7 3 (9.09%) SQL
Qualifications
1 6 (18.18%) Degree
Vendors
1 5 (15.15%) Algorithmics
2 3 (9.09%) Oracle
3 1 (3.03%) Solace
3 1 (3.03%) Sophis
3 1 (3.03%) TIBCO
3 1 (3.03%) Vertica