Period
to 23 January 2018

The table below looks at the prevalence of the term VWAP in contract job vacancies. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited VWAP over the 6 months to 23 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.

Volume-Weighted Average Price (VWAP)
UK
6 months to
23 Jan 2018
Same period 2017 Same period 2016
Rank 857 840 862
Rank change year-on-year -17 +22 -6
Contract jobs citing VWAP 11 12 4
As % of all contract IT jobs advertised in the UK 0.011% 0.012% 0.004%
As % of the Miscellaneous category 0.033% 0.038% 0.011%
Number of daily rates quoted 7 12 3
UK median daily rate £625 £605 £375
Median daily rate % change year-on-year +3.31% +61.33% -42.31%
10th Percentile £600 £519 £363
90th Percentile £653 £774 £388
UK excluding London median daily rate - - -
Number of hourly rates quoted 0 0 0
UK median hourly rate - - -
UK excluding London median hourly rate - - -

VWAP 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 33,695 31,426 34,995
As % of all contract IT jobs advertised in the UK 33.51% 32.70% 32.71%
Number of daily rates quoted 22,566 20,508 22,333
UK median daily rate £450 £425 £425
Median daily rate % change year-on-year +5.88% - +6.25%
10th Percentile £263 £254 £238
90th Percentile £650 £625 £625
UK excluding London median daily rate £400 £393 £380
% change year-on-year +1.78% +3.42% +5.56%
Number of hourly rates quoted 968 1,106 1,415
UK median hourly rate £21.70 £20.50 £20.00
Median hourly rate % change year-on-year +5.85% +2.50% +14.29%
10th Percentile £11.25 £11.33 £11.25
90th Percentile £49.65 £47.50 £47.83
UK excluding London median hourly rate £21.01 £20.00 £20.00
% change year-on-year +5.05% - +14.29%

VWAP
Job Vacancy Trend

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

Job vacancy trend for VWAP in the UK

VWAP
Contractor Daily Rate Trend

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

Contractor daily rate trend for VWAP in the UK

VWAP
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 VWAP within the UK over the 6 months to 23 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 -22 11 £625 +3.31% 1
London -34 11 £625 +3.31% 1

For the 6 months to 23 January 2018, IT contractor jobs citing VWAP also mentioned the following skills in order of popularity. The figures indicate the absolute number co-occurrences and as a proportion of all contract job ads with a requirement for VWAP.

1 11 (100.00%) SQL
1 11 (100.00%) Python
1 11 (100.00%) Finance
1 11 (100.00%) FIX Protocol
1 11 (100.00%) Mathematics
1 11 (100.00%) KDB
2 8 (72.73%) Algorithms
2 8 (72.73%) Electronic Trading
3 7 (63.64%) Banking
4 6 (54.55%) Data Analysis
4 6 (54.55%) Computer Science
4 6 (54.55%) Algorithmic Trading
4 6 (54.55%) Econometrics
4 6 (54.55%) Unix
4 6 (54.55%) Windows
4 6 (54.55%) Linux
4 6 (54.55%) Perl
4 6 (54.55%) Statistics
4 6 (54.55%) Analytical Skills
5 5 (45.45%) Groovy
5 5 (45.45%) DevOps
5 5 (45.45%) OO
5 5 (45.45%) C#
5 5 (45.45%) Java
5 5 (45.45%) TIBCO
5 5 (45.45%) Rendezvous
5 5 (45.45%) Middleware
5 5 (45.45%) Solace
6 2 (18.18%) Front Office
6 2 (18.18%) Mentoring

VWAP
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:

Database & Business Intelligence
1 11 (100.00%) KDB
General
1 11 (100.00%) Finance
2 7 (63.64%) Banking
3 2 (18.18%) Front Office
Job Titles
1 9 (81.82%) Developer
2 4 (36.36%) Java Developer
2 4 (36.36%) Python Developer
3 3 (27.27%) Perl Developer
3 3 (27.27%) Quantitative Developer
4 2 (18.18%) Front Office Developer
4 2 (18.18%) Java Quantitative Developer
4 2 (18.18%) Pricing Developer
5 1 (9.09%) Algorithmic Trading Developer
5 1 (9.09%) C# Developer
5 1 (9.09%) C# Pricing Developer
5 1 (9.09%) C# Quant Developer
5 1 (9.09%) Java Pricing Developer
5 1 (9.09%) KDB Developer
Libraries, Frameworks & Software Standards
1 11 (100.00%) FIX Protocol
2 5 (45.45%) Middleware
2 5 (45.45%) Rendezvous
Miscellaneous
1 8 (72.73%) Algorithms
2 6 (54.55%) Analytical Skills
2 6 (54.55%) Computer Science
3 1 (9.09%) Foreign Exchange (FX)
Operating Systems
1 6 (54.55%) Linux
1 6 (54.55%) Unix
1 6 (54.55%) Windows
Processes & Methodologies
1 11 (100.00%) Mathematics
2 8 (72.73%) Electronic Trading
3 6 (54.55%) Algorithmic Trading
3 6 (54.55%) Data Analysis
3 6 (54.55%) Econometrics
3 6 (54.55%) Statistics
4 5 (45.45%) DevOps
4 5 (45.45%) OO
5 2 (18.18%) Mentoring
Programming Languages
1 11 (100.00%) Python
1 11 (100.00%) SQL
2 6 (54.55%) Perl
3 5 (45.45%) C#
3 5 (45.45%) Groovy
3 5 (45.45%) Java
Vendors
1 5 (45.45%) Solace
1 5 (45.45%) TIBCO