Period
to 21 January 2018

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 21 January 2018 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
21 Jan 2018
Same period 2017 Same period 2016
Rank 853 838 858
Rank change year-on-year -15 +20 +5
Contract jobs citing Swaptions 24 11 23
As % of all contract IT jobs advertised in the UK 0.024% 0.011% 0.021%
As % of the Miscellaneous category 0.073% 0.035% 0.065%
Number of daily rates quoted 20 4 20
UK median daily rate £575 £663 £588
Median daily rate % change year-on-year -13.21% +12.77% +6.82%
10th Percentile £466 £608 £506
90th Percentile £688 £826 £676
UK excluding London median daily rate - - £575
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 following table is for comparison with the above and provides summary statistics for all contract job vacancies with a requirement for generic IT skills.

All Generic IT Skills
UK
Contract vacancies with a requirement for generic IT skills 33,077 31,380 35,303
As % of all contract IT jobs advertised in the UK 33.50% 32.67% 32.70%
Number of daily rates quoted 22,158 20,487 22,527
UK median daily rate £450 £425 £425
Median daily rate % change year-on-year +5.88% - +6.25%
10th Percentile £263 £253 £238
90th Percentile £650 £625 £625
UK excluding London median daily rate £400 £394 £375
% change year-on-year +1.65% +4.93% +4.17%
Number of hourly rates quoted 936 1,105 1,420
UK median hourly rate £21.85 £20.50 £20.00
Median hourly rate % change year-on-year +6.56% +2.50% +14.29%
10th Percentile £11.25 £11.33 £11.25
90th Percentile £49.38 £47.50 £47.50
UK excluding London median hourly rate £21.60 £20.00 £20.00
% change year-on-year +8.00% - +14.29%

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 21 January 2018.

Contractor daily rate histogram for Swaptions in the UK

Swaptions
Top 4 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 21 January 2018. 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 +5 23 £575 -13.21% 2
London -31 23 £575 -13.21% 2
Scotland - 1 - -
UK excluding London - 1 - -

For the 6 months to 21 January 2018, 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 18 (75.00%) Front Office
1 18 (75.00%) Derivative
2 17 (70.83%) Finance
3 14 (58.33%) Foreign Exchange (FX)
4 11 (45.83%) C#
4 11 (45.83%) Fixed Income
4 11 (45.83%) Interest Rate Derivative
5 9 (37.50%) Agile Software Development
5 9 (37.50%) .NET
5 9 (37.50%) Microsoft
6 8 (33.33%) Equities
6 8 (33.33%) Business Analysis
6 8 (33.33%) MiFID
7 7 (29.17%) Equity Derivative
8 6 (25.00%) EMIR
8 6 (25.00%) Analytical Skills
8 6 (25.00%) Back Office
8 6 (25.00%) Microsoft Excel
9 5 (20.83%) MS Visio
9 5 (20.83%) Project Management
9 5 (20.83%) XML
9 5 (20.83%) Windows
9 5 (20.83%) Banking
9 5 (20.83%) WCF
9 5 (20.83%) Market Surveillance
10 4 (16.67%) TDD
10 4 (16.67%) Stakeholder Management
10 4 (16.67%) SQL
11 3 (12.50%) C++
11 3 (12.50%) Microsoft Office

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 3 (12.50%) CMS
2 1 (4.17%) IBM Notes
Applications
1 6 (25.00%) Microsoft Excel
2 5 (20.83%) MS Visio
3 3 (12.50%) Microsoft Office
3 3 (12.50%) Spreadsheet
4 2 (8.33%) Microsoft PowerPoint
5 1 (4.17%) Microsoft Project
Database & Business Intelligence
1 2 (8.33%) Crystal Reports
1 2 (8.33%) SQL Server
2 1 (4.17%) SQL Server 2005
2 1 (4.17%) SQL Server 2014
2 1 (4.17%) SQL Server Reporting Services
Development Applications
1 1 (4.17%) CruiseControl
1 1 (4.17%) JIRA
1 1 (4.17%) NUnit
1 1 (4.17%) Team Foundation Server
General
1 18 (75.00%) Front Office
2 17 (70.83%) Finance
3 6 (25.00%) Back Office
4 5 (20.83%) Banking
5 2 (8.33%) Investment Banking
6 1 (4.17%) Legal
Job Titles
1 14 (58.33%) Analyst
2 11 (45.83%) Business Analyst
3 9 (37.50%) Developer
4 6 (25.00%) C# Developer
5 5 (20.83%) Front Office Developer
6 3 (12.50%) .NET Developer
6 3 (12.50%) Analytics Developer
6 3 (12.50%) Business Integration Analyst
6 3 (12.50%) C# .NET Developer
6 3 (12.50%) C# WCF Developer
6 3 (12.50%) C++ Developer
6 3 (12.50%) C++ Pricing Developer
6 3 (12.50%) Front Office C++ Developer
6 3 (12.50%) Integration Analyst
6 3 (12.50%) Pricing Developer
6 3 (12.50%) WCF Developer
7 2 (8.33%) C# WPF Developer
7 2 (8.33%) Front Office Business Analyst
7 2 (8.33%) FX Business Analyst
7 2 (8.33%) Treasury Business Analyst
Libraries, Frameworks & Software Standards
1 9 (37.50%) .NET
2 5 (20.83%) WCF
2 5 (20.83%) XML
3 3 (12.50%) .NET Framework
3 3 (12.50%) Boost C++ Libraries
3 3 (12.50%) STL
3 3 (12.50%) WPF
4 2 (8.33%) FpML
4 2 (8.33%) WinForms
5 1 (4.17%) ASP.NET
5 1 (4.17%) jQuery
5 1 (4.17%) LINQ
5 1 (4.17%) MXML
5 1 (4.17%) Web Services
5 1 (4.17%) XSLT
Miscellaneous
1 18 (75.00%) Derivative
2 14 (58.33%) Foreign Exchange (FX)
3 11 (45.83%) Fixed Income
3 11 (45.83%) Interest Rate Derivative
4 8 (33.33%) Equities
5 7 (29.17%) Equity Derivative
6 6 (25.00%) Analytical Skills
7 3 (12.50%) Management Information System
8 2 (8.33%) OTC Derivatives
9 1 (4.17%) Computer Science
9 1 (4.17%) Contract for Difference
9 1 (4.17%) Credit Derivative
9 1 (4.17%) Data Structures
9 1 (4.17%) Exotic Derivative
9 1 (4.17%) Market Risk
Operating Systems
1 5 (20.83%) Windows
2 3 (12.50%) Windows 7
Processes & Methodologies
1 9 (37.50%) Agile Software Development
2 8 (33.33%) Business Analysis
3 5 (20.83%) Market Surveillance
3 5 (20.83%) Project Management
4 4 (16.67%) Stakeholder Management
4 4 (16.67%) TDD
5 3 (12.50%) Analytics
5 3 (12.50%) BPMN
5 3 (12.50%) Investment Management
5 3 (12.50%) Quantitative Research
5 3 (12.50%) Risk Analytics
5 3 (12.50%) User Acceptance Testing
5 3 (12.50%) Validation
5 3 (12.50%) Waterfall
6 2 (8.33%) Acceptance Criteria
6 2 (8.33%) Cash Management
6 2 (8.33%) Change Control
6 2 (8.33%) Functional Testing
6 2 (8.33%) Portfolio Management
6 2 (8.33%) Project Governance
Programming Languages
1 11 (45.83%) C#
2 4 (16.67%) SQL
3 3 (12.50%) C++
3 3 (12.50%) Python
4 1 (4.17%) Java
4 1 (4.17%) T-SQL
Qualifications
1 2 (8.33%) Degree
Quality Assurance & Compliance
1 8 (33.33%) MiFID
2 6 (25.00%) EMIR
3 3 (12.50%) QA
4 1 (4.17%) Dodd-Frank
4 1 (4.17%) Sarbanes-Oxley
Systems Management
1 2 (8.33%) HP Quality Center
Vendors
1 9 (37.50%) Microsoft
2 2 (8.33%) Bloomberg
3 1 (4.17%) Calypso
3 1 (4.17%) DevExpress
3 1 (4.17%) Lotus
3 1 (4.17%) Murex