Period
to 26 July 2017

The table below looks at the prevalence of the term Swaptions in contract job vacancies. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Swaptions over the 6 months to 26 July 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.

Swaptions
UK
6 months to
26 Jul 2017
Same period 2016 Same period 2015
Rank 813 889 870
Rank change year-on-year +76 -19 -32
Contract jobs citing Swaptions 31 13 30
As % of all contract IT jobs advertised in the UK 0.033% 0.012% 0.027%
As % of the Miscellaneous category 0.098% 0.036% 0.083%
Number of daily rates quoted 31 13 25
UK median daily rate £625 £550 £625
Median daily rate % change year-on-year +13.64% -12.00% +19.05%
10th Percentile £525 £498 £525
90th Percentile £713 £630 £675
UK excluding London median daily rate - - -
Number of hourly rates quoted 0 0 0
UK median hourly rate - - -
UK excluding London median hourly rate - - -

Swaptions 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 31789 36280 35955
As % of all contract IT job vacancies advertised in the UK 33.38% 33.02% 31.87%
Number of daily rates quoted 20741 23838 22367
UK median daily rate £450 £425 £405
Median daily rate % change year-on-year +5.88% +4.94% +1.25%
10th Percentile £263 £255 £233
90th Percentile £638 £625 £613
UK excluding London median daily rate £400 £388 £375
% change year-on-year +3.23% +3.33% +7.14%
Number of hourly rates quoted 1034 1163 1362
UK median hourly rate £20.75 £21.00 £18.50
Median hourly rate % change year-on-year -1.19% +13.51% -7.50%
10th Percentile £11.25 £11.34 £11.02
90th Percentile £50.00 £47.50 £47.50
UK excluding London median hourly rate £20.00 £20.00 £17.88
% change year-on-year - +11.89% -8.33%

Swaptions
Job Vacancy Trend

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

Job vacancy trend for Swaptions in the UK

Swaptions
Contractor Daily Rate Trend

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

Contractor daily rate trend for Swaptions in the UK

Swaptions
Contractor Daily Rate Histogram

The daily rate distribution of IT jobs citing Swaptions over the 6 months to 26 July 2017.

Contractor daily rate histogram for Swaptions in the UK

Swaptions
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 Swaptions within the UK over the 6 months to 26 July 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 +68 31 £625 +13.64% 1
London +38 30 £625 +13.64% 1

For the 6 months to 26 July 2017, IT contractor jobs citing Swaptions 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 Swaptions.

1 27 (87.10%) Fixed Income
1 27 (87.10%) Derivative
2 26 (83.87%) C#
2 26 (83.87%) C++
2 26 (83.87%) Microsoft Excel
3 25 (80.65%) .NET
4 23 (74.19%) Microsoft
4 23 (74.19%) Agile Software Development
4 23 (74.19%) Analytics
5 22 (70.97%) Risk Analytics
5 22 (70.97%) Analytical Skills
5 22 (70.97%) Boost C++ Libraries
5 22 (70.97%) Foreign Exchange (FX)
5 22 (70.97%) STL
5 22 (70.97%) XML
5 22 (70.97%) Windows
5 22 (70.97%) Python
5 22 (70.97%) CMS
6 21 (67.74%) Interest Rate Derivative
7 19 (61.29%) Spreadsheet
8 18 (58.06%) Quantitative Research
8 18 (58.06%) Front Office
9 13 (41.94%) Windows 7
10 6 (19.35%) Finance
11 4 (12.90%) SQL Server
11 4 (12.90%) Banking
12 3 (9.68%) Business Analysis
12 3 (9.68%) WCF
12 3 (9.68%) WPF
12 3 (9.68%) Equity Derivative

Swaptions
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 22 (70.97%) CMS
Applications
1 26 (83.87%) Microsoft Excel
2 19 (61.29%) Spreadsheet
3 1 (3.23%) MS Visio
Database & Business Intelligence
1 4 (12.90%) SQL Server
General
1 18 (58.06%) Front Office
2 6 (19.35%) Finance
3 4 (12.90%) Banking
4 2 (6.45%) Investment Banking
5 1 (3.23%) Back Office
Job Titles
1 26 (83.87%) Developer
2 22 (70.97%) C++ Developer
3 18 (58.06%) C++ Pricing Developer
4 14 (45.16%) Quantitative Developer
5 13 (41.94%) C++ Quantitative Developer
6 12 (38.71%) .NET Developer
6 12 (38.71%) C# .NET Developer
6 12 (38.71%) C# Developer
7 11 (35.48%) Front Office Developer
8 9 (29.03%) Analytics Developer
8 9 (29.03%) C# Pricing Developer
8 9 (29.03%) C# Quant Developer
8 9 (29.03%) C++/C# Developer
8 9 (29.03%) Front Office C++ Developer
8 9 (29.03%) Python Developer
9 5 (16.13%) Business Analyst
10 4 (12.90%) Analyst
11 2 (6.45%) Equity Derivatives Business Analyst
11 2 (6.45%) Investment Banking Business Analyst
11 2 (6.45%) MiFID Business Analyst
Libraries, Frameworks & Software Standards
1 25 (80.65%) .NET
2 22 (70.97%) Boost C++ Libraries
2 22 (70.97%) STL
2 22 (70.97%) XML
3 3 (9.68%) WCF
3 3 (9.68%) WinForms
3 3 (9.68%) WPF
Miscellaneous
1 27 (87.10%) Derivative
1 27 (87.10%) Fixed Income
2 22 (70.97%) Analytical Skills
2 22 (70.97%) Foreign Exchange (FX)
3 21 (67.74%) Interest Rate Derivative
4 3 (9.68%) Equities
4 3 (9.68%) Equity Derivative
5 2 (6.45%) OTC Derivatives
6 1 (3.23%) Fintech
Operating Systems
1 22 (70.97%) Windows
2 13 (41.94%) Windows 7
Processes & Methodologies
1 23 (74.19%) Agile Software Development
1 23 (74.19%) Analytics
2 22 (70.97%) Risk Analytics
3 18 (58.06%) Quantitative Research
4 3 (9.68%) Business Analysis
4 3 (9.68%) MVVM
4 3 (9.68%) Risk Management
4 3 (9.68%) Test Automation
5 2 (6.45%) Change Management
5 2 (6.45%) Continuous Delivery
5 2 (6.45%) Continuous Integration
5 2 (6.45%) DevOps
5 2 (6.45%) TDD
6 1 (3.23%) Asset Management
6 1 (3.23%) BPMN
6 1 (3.23%) Fund Management
6 1 (3.23%) Investment Management
6 1 (3.23%) Portfolio Management
6 1 (3.23%) Project Management
6 1 (3.23%) Waterfall
Programming Languages
1 26 (83.87%) C#
1 26 (83.87%) C++
2 22 (70.97%) Python
3 3 (9.68%) VBA
3 3 (9.68%) XAML
4 2 (6.45%) SQL
Qualifications
1 2 (6.45%) Degree
Quality Assurance & Compliance
1 3 (9.68%) MiFID
2 1 (3.23%) EMIR
Vendors
1 23 (74.19%) Microsoft
2 2 (6.45%) Bloomberg
3 1 (3.23%) Reuters
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