Period
to 19 November 2017

The following table provides summary statistics for contract job vacancies with a requirement for PhD qualifications. Included is a benchmarking guide to the contractor rates offered over the 6 months to 19 November 2017 with a comparison to the 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.

PhD
UK
6 months to
19 Nov 2017
Same period 2016 Same period 2015
Rank 666 721 738
Rank change year-on-year +55 +17 +28
Contract jobs citing PhD 211 175 154
As % of all contract IT jobs advertised in the UK 0.21% 0.17% 0.13%
As % of the Qualifications category 1.12% 0.81% 0.68%
Number of daily rates quoted 177 127 98
UK median daily rate £620 £575 £600
Median daily rate % change year-on-year +7.83% -4.17% -7.69%
10th Percentile £453 £379 £363
90th Percentile £843 £835 £775
UK excluding London median daily rate £550 £463 £413
% change year-on-year +18.92% +12.12% +25.00%
Number of hourly rates quoted 5 2 6
UK median hourly rate £30.50 £45.00 £27.18
Median hourly rate % change year-on-year -32.22% +65.59% -9.42%
10th Percentile £16.64 £37.50 £13.00
90th Percentile £46.80 £52.50 £40.40
UK excluding London median hourly rate £24.90 - £27.18

PhD is in the Academic Qualifications and Professional Certifications category. The following table is for comparison with the above and provides summary statistics for all contract job vacancies with a requirement for academic qualifications or professional certifications.

All Academic and Professional Certifications
UK
Contract vacancies requiring academic qualifications or professional certifications 18914 21681 22650
As % of all contract IT jobs advertised in the UK 18.65% 20.68% 19.76%
Number of daily rates quoted 11591 13520 13652
UK median daily rate £425 £413 £400
Median daily rate % change year-on-year +3.03% +3.13% +2.56%
10th Percentile £220 £240 £243
90th Percentile £600 £588 £575
UK excluding London median daily rate £400 £388 £385
% change year-on-year +3.23% +0.65% +4.76%
Number of hourly rates quoted 889 861 1091
UK median hourly rate £26.25 £26.00 £25.00
Median hourly rate % change year-on-year +0.96% +4.00% +31.58%
10th Percentile £12.00 £12.14 £12.00
90th Percentile £50.00 £49.19 £49.75
UK excluding London median hourly rate £27.50 £27.00 £25.00
% change year-on-year +1.85% +8.00% +31.58%

PhD
Job Vacancy Trend

Job postings citing PhD as a percentage of all IT jobs advertised.

Job vacancy trend for PhD in the UK

PhD
Contractor Daily Rate Trend

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

Contractor daily rate trend for PhD in the UK

PhD
Contractor Daily Rate Histogram

The daily rate distribution of IT jobs citing PhD over the 6 months to 19 November 2017.

Contractor daily rate histogram for PhD in the UK

PhD
Contractor Hourly Rate Trend

This chart provides the 3-month moving average for contractor hourly rates quoted in IT jobs citing PhD.

Contractor hourly rate trend for PhD in the UK

PhD
Contractor Hourly Rate Histogram

The hourly rate distribution of IT jobs citing PhD over the 6 months to 19 November 2017.

Contractor hourly rate histogram for PhD in the UK

PhD
Top 13 Contract Locations

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing PhD within the UK over the 6 months to 19 November 2017. 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
Job
Vacancies
England +52 204 £625 +8.70% 106
London +17 169 £638 +6.25% 41
UK excluding London +14 40 £550 +18.92% 67
South East +2 14 £500 -33.33% 19
East of England -9 12 £550 +83.33% 35
West Midlands +30 4 £625 +184.09% 3
Midlands +30 4 £625 +184.09% 4
Scotland - 4 £500 - 2
North of England +53 3 £475 - 4
North West +22 2 £550 +15.79% 4
South West -1 2 - - 3
Yorkshire +19 1 £400 -11.11%
Wales +13 1 - -

For the 6 months to 19 November 2017, IT contractor jobs citing PhD 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 PhD.

1 105 (49.76%) C++
2 102 (48.34%) Python
3 95 (45.02%) Mathematics
4 82 (38.86%) Finance
5 80 (37.91%) Java
6 69 (32.70%) Computer Science
7 68 (32.23%) Physics
8 64 (30.33%) Machine Learning
9 62 (29.38%) Analytical Skills
10 59 (27.96%) Algorithms
11 56 (26.54%) Analytics
12 55 (26.07%) Front Office
13 51 (24.17%) Degree
14 48 (22.75%) R
15 47 (22.27%) Foreign Exchange (FX)
16 44 (20.85%) OO
17 43 (20.38%) Banking
18 42 (19.91%) Statistics
19 40 (18.96%) Linux
20 39 (18.48%) SQL
21 36 (17.06%) Hadoop
21 36 (17.06%) Apache Spark
22 35 (16.59%) Big Data
22 35 (16.59%) Low Latency
23 34 (16.11%) Investment Banking
24 33 (15.64%) Quantitative Research
25 30 (14.22%) C#
26 27 (12.80%) Algorithmic Trading
27 26 (12.32%) Multithreading
28 24 (11.37%) OOP

PhD
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 36 (17.06%) Apache Spark
2 10 (4.74%) Apache Airflow
2 10 (4.74%) Luigi
3 4 (1.90%) Apache Solr
3 4 (1.90%) Elasticsearch
4 3 (1.42%) SAS
5 1 (0.47%) Apache Pig
5 1 (0.47%) Jupyter
5 1 (0.47%) OpenStack
Applications
1 10 (4.74%) Pipeline Pilot
2 2 (0.95%) Chatbot
3 1 (0.47%) GNU Octave
3 1 (0.47%) Microsoft Excel
3 1 (0.47%) Microsoft PowerPoint
Cloud Services
1 13 (6.16%) Google Cloud Platform
2 11 (5.21%) Microsoft Azure
3 9 (4.27%) Amazon AWS
4 5 (2.37%) GitHub
5 1 (0.47%) Cloud Computing
Communications & Networking
1 6 (2.84%) TCP/IP
2 1 (0.47%) SMS
Database & Business Intelligence
1 36 (17.06%) Hadoop
2 35 (16.59%) Big Data
3 18 (8.53%) Data Mining
4 14 (6.64%) Geospatial Data
5 10 (4.74%) KNIME
6 9 (4.27%) KDB
7 8 (3.79%) NoSQL
8 4 (1.90%) Apache Hive
8 4 (1.90%) BigQuery
9 3 (1.42%) Cloudera CDH
9 3 (1.42%) HBase
9 3 (1.42%) Relational Database
9 3 (1.42%) Text Mining
10 2 (0.95%) Oracle Database
10 2 (0.95%) Oracle Database 11g
10 2 (0.95%) QlikView
10 2 (0.95%) Spotfire
10 2 (0.95%) SQL Server
11 1 (0.47%) Amazon DynamoDB
11 1 (0.47%) SQL Server Analysis Services
Development Applications
1 15 (7.11%) Git (software)
2 10 (4.74%) Subversion
3 4 (1.90%) Eclipse
3 4 (1.90%) JIRA
3 4 (1.90%) Visual Studio
4 1 (0.47%) RStudio
4 1 (0.47%) Xcode
General
1 82 (38.86%) Finance
2 55 (26.07%) Front Office
3 43 (20.38%) Banking
4 34 (16.11%) Investment Banking
5 18 (8.53%) Financial Institution
6 16 (7.58%) Retail
7 10 (4.74%) Marketing
8 4 (1.90%) Legal
8 4 (1.90%) Pharmaceutical
8 4 (1.90%) Telecoms
9 3 (1.42%) Manufacturing
10 2 (0.95%) Advertising
10 2 (0.95%) Games
11 1 (0.47%) Automotive
11 1 (0.47%) Electronics
11 1 (0.47%) Publishing
Job Titles
1 113 (53.55%) Developer
2 57 (27.01%) Data Scientist
3 54 (25.59%) Quantitative Developer
4 42 (19.91%) C++ Developer
5 36 (17.06%) Java Developer
6 28 (13.27%) C++ Quantitative Developer
7 25 (11.85%) Python Developer
8 18 (8.53%) Investment Banking C++ Developer
9 17 (8.06%) Algorithmic Trading Developer
9 17 (8.06%) Analyst
9 17 (8.06%) Credit Risk Developer
10 15 (7.11%) C++/Java Developer
10 15 (7.11%) Java Quantitative Developer
11 14 (6.64%) Machine Learning Scientist
12 12 (5.69%) Credit Risk C++ Developer
12 12 (5.69%) Senior Developer
13 11 (5.21%) Qualitative Analyst
13 11 (5.21%) Quantitative Analyst
14 9 (4.27%) Low Latency C++ Developer
15 8 (3.79%) C# Quant Developer
Libraries, Frameworks & Software Standards
1 12 (5.69%) TensorFlow
2 11 (5.21%) .NET
2 11 (5.21%) Keras
3 10 (4.74%) JSON
3 10 (4.74%) Natural Language Processing
3 10 (4.74%) RESTful
3 10 (4.74%) Theano
3 10 (4.74%) XML
4 8 (3.79%) Pandas
5 7 (3.32%) PySpark
6 5 (2.37%) D3.js
7 4 (1.90%) Apache Thrift
7 4 (1.90%) Bokeh
7 4 (1.90%) ggplot
7 4 (1.90%) Lucene
7 4 (1.90%) Protocol Buffers
7 4 (1.90%) Seaborn
8 3 (1.42%) JNI
8 3 (1.42%) Spring
9 2 (0.95%) Kafka
Miscellaneous
1 69 (32.70%) Computer Science
2 62 (29.38%) Analytical Skills
3 59 (27.96%) Algorithms
4 47 (22.27%) Foreign Exchange (FX)
5 24 (11.37%) Data Structures
6 18 (8.53%) Credit Risk
7 12 (5.69%) Market Risk
8 10 (4.74%) Life Science
9 6 (2.84%) Hedge funds
9 6 (2.84%) Optoelectronics
10 5 (2.37%) Equities
10 5 (2.37%) Fixed Income
11 4 (1.90%) Music Streaming
12 3 (1.42%) Derivative
12 3 (1.42%) e-Learning
12 3 (1.42%) User Experience
13 2 (0.95%) Learning Management System
13 2 (0.95%) Robotics
13 2 (0.95%) SCORM
14 1 (0.47%) CUDA
Operating Systems
1 40 (18.96%) Linux
2 12 (5.69%) Unix
3 1 (0.47%) Apple iOS
3 1 (0.47%) Mac OS
Processes & Methodologies
1 95 (45.02%) Mathematics
2 68 (32.23%) Physics
3 64 (30.33%) Machine Learning
4 56 (26.54%) Analytics
5 44 (20.85%) OO
6 42 (19.91%) Statistics
7 35 (16.59%) Low Latency
8 33 (15.64%) Quantitative Research
9 27 (12.80%) Algorithmic Trading
10 26 (12.32%) Multithreading
11 24 (11.37%) OOP
12 23 (10.90%) Data Analysis
13 20 (9.48%) Market Making
13 20 (9.48%) Project Management
13 20 (9.48%) Validation
14 19 (9.00%) Electronic Trading
14 19 (9.00%) TDD
15 16 (7.58%) Neural Network
16 14 (6.64%) Artificial Intelligence
16 14 (6.64%) Stakeholder Management
Programming Languages
1 105 (49.76%) C++
2 102 (48.34%) Python
3 80 (37.91%) Java
4 48 (22.75%) R
5 39 (18.48%) SQL
6 30 (14.22%) C#
7 16 (7.58%) Scala
8 14 (6.64%) Perl
9 12 (5.69%) Ruby
10 8 (3.79%) C
11 5 (2.37%) JavaScript
11 5 (2.37%) MATLAB
12 4 (1.90%) PHP
12 4 (1.90%) Shell Script
13 2 (0.95%) Bash Shell
13 2 (0.95%) VB
13 2 (0.95%) VBA
14 1 (0.47%) Cypher
Qualifications
1 51 (24.17%) Degree
2 6 (2.84%) Computer Science Degree
2 6 (2.84%) Numerate Degree
3 4 (1.90%) Sun Certification
4 2 (0.95%) Master's Degree
4 2 (0.95%) Postgraduate
Quality Assurance & Compliance
1 9 (4.27%) EMIR
2 6 (2.84%) ISO 9001
3 2 (0.95%) Data Quality
System Software
1 1 (0.47%) Ceph
1 1 (0.47%) Docker
1 1 (0.47%) GPFS
Systems Management
1 5 (2.37%) Hadoop YARN
2 1 (0.47%) Ansible
2 1 (0.47%) CFEngine
2 1 (0.47%) Opscode Chef
2 1 (0.47%) Puppet
2 1 (0.47%) Salt
Vendors
1 13 (6.16%) Google
2 11 (5.21%) Tableau
3 10 (4.74%) Netezza
3 10 (4.74%) RapidMiner
4 6 (2.84%) Huawei
4 6 (2.84%) Microsoft
5 4 (1.90%) MicroStrategy
6 3 (1.42%) Hortonworks
6 3 (1.42%) Oracle
7 1 (0.47%) Alteryx
7 1 (0.47%) Apple
7 1 (0.47%) Facebook
7 1 (0.47%) ION Trading
7 1 (0.47%) TIBCO
7 1 (0.47%) Twitter