Derivative Contracts with Work from Home Options

Derivatives
UK > Work from Home

The table below looks at the prevalence of the term Derivative in contract job vacancies with an option to work from home (WFH). Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Derivative over the 6 months to 5 May 2024 with a comparison to the same period over the previous 2 years.

6 months to
5 May 2024
Same period 2023 Same period 2022
Rank 130 243 434
Rank change year-on-year +113 +191 -116
Contract jobs citing Derivative 249 255 191
As % of all contract jobs with a WFH option 1.64% 1.00% 0.43%
As % of the Miscellaneous category 5.76% 3.18% 1.37%
Number of daily rates quoted 239 223 133
10th Percentile £588 £478 £438
25th Percentile £675 £563 £563
Median daily rate (50th Percentile) £800 £725 £700
Median % change year-on-year +10.34% +3.57% +16.67%
75th Percentile £850 £825 £788
90th Percentile £888 £898 £888
UK median daily rate £750 £740 £675
% change year-on-year +1.35% +9.63% +12.50%

All Generic Skills
Work from Home

Derivative is in the General and Transferable Skills category. The following table is for comparison with the above and provides summary statistics for all contract job vacancies with a WFH option and a requirement for generic IT skills.

Contract vacancies with a requirement for generic IT skills 4,322 8,030 13,983
As % of all contract jobs with a WFH option 28.52% 31.44% 31.36%
Number of daily rates quoted 2,947 5,647 9,980
10th Percentile £325 £363 £360
25th Percentile £431 £451 £438
Median daily rate (50th Percentile) £550 £550 £540
Median % change year-on-year - +1.85% +9.09%
75th Percentile £675 £684 £650
90th Percentile £800 £792 £750
UK median daily rate £538 £550 £550
% change year-on-year -2.18% - +10.00%
Number of hourly rates quoted 193 154 225
10th Percentile £15.44 £19.00 £12.42
25th Percentile £25.50 £25.75 £20.75
Median hourly rate £50.00 £55.00 £44.50
Median % change year-on-year -9.09% +23.60% +29.93%
75th Percentile £65.03 £70.00 £58.75
90th Percentile £72.50 £85.00 £66.15
UK median hourly rate £30.14 £22.49 £27.25
% change year-on-year +34.04% -17.49% +3.52%

Derivative
Trend for Jobs with a WFH Option

Job vacancies with a work from home option citing Derivative as a proportion of all IT jobs advertised.

Derivative trend for jobs with a WFH option

Derivative
Daily Rate Trend for Jobs with a WFH Option

3-month moving average daily rate quoted in job vacancies with a work from home option citing Derivative.

Derivative daily rate for jobs with a WFH option

Derivative
Daily Rate Histogram for Jobs with a WFH Option

Daily rate distribution for jobs with a work from home option citing Derivative over the 6 months to 5 May 2024.

Derivative daily rate histogram for jobs with a WFH option

Derivative
Co-occurring Skills and Capabilities with WFH Options by Category

The follow tables expand on the table above by listing co-occurrences grouped by category. The same employment type, locality and period is covered with up to 20 co-occurrences shown in each of the following categories:

Application Platforms
1 73 (29.32%) Apache Airflow
2 64 (25.70%) Apache
3 4 (1.61%) Confluence
4 2 (0.80%) Microsoft Exchange
Applications
1 20 (8.03%) Microsoft Excel
2 8 (3.21%) Microsoft PowerPoint
3 4 (1.61%) Microsoft Office
3 4 (1.61%) Microsoft Project
3 4 (1.61%) MS Visio
Business Applications
1 4 (1.61%) Loan IQ
2 1 (0.40%) ION MarketView
Cloud Services
1 109 (43.78%) AWS
2 67 (26.91%) dbt
3 58 (23.29%) GCP
3 58 (23.29%) Snowflake
4 43 (17.27%) Azure
5 6 (2.41%) Azure DevOps
6 1 (0.40%) Azure Cosmos DB
6 1 (0.40%) GitHub
Communications & Networking
1 5 (2.01%) FIX Connectivity
Database & Business Intelligence
1 67 (26.91%) Amazon Athena
1 67 (26.91%) Apache Arrow
1 67 (26.91%) Dremio
2 64 (25.70%) Apache Ignite
3 58 (23.29%) Data Lake
4 15 (6.02%) SQL Server
5 4 (1.61%) Oracle Database
5 4 (1.61%) Relational Database
6 3 (1.20%) MySQL
6 3 (1.20%) PostgreSQL
7 2 (0.80%) Data Mart
8 1 (0.40%) NoSQL
8 1 (0.40%) Tableau
Development Applications
1 6 (2.41%) MLflow
2 5 (2.01%) SpecFlow
3 4 (1.61%) JIRA
3 4 (1.61%) Moq
3 4 (1.61%) TeamCity
3 4 (1.61%) Visual Studio
4 1 (0.40%) Cucumber
4 1 (0.40%) Git
4 1 (0.40%) GitLab
4 1 (0.40%) Jenkins
4 1 (0.40%) JUnit
4 1 (0.40%) Log4Net
4 1 (0.40%) Mockito
4 1 (0.40%) NUnit
4 1 (0.40%) Selenium
General
1 208 (83.53%) Finance
2 190 (76.31%) Front Office
3 155 (62.25%) Banking
4 97 (38.96%) Investment Banking
5 38 (15.26%) Back Office
6 24 (9.64%) Analytical Skills
7 18 (7.23%) Social Skills
8 6 (2.41%) Financial Institution
9 4 (1.61%) Prime Brokerage
9 4 (1.61%) Public Sector
9 4 (1.61%) Synthetic Prime Brokerage
10 2 (0.80%) International Banking
Job Titles
1 115 (46.18%) Developer
2 59 (23.69%) Senior
3 51 (20.48%) Analyst
4 48 (19.28%) Software Engineer
5 40 (16.06%) Lead
6 34 (13.65%) Financial Analyst
7 33 (13.25%) Finance Manager
7 33 (13.25%) Python Developer
8 30 (12.05%) Python Engineer
8 30 (12.05%) Python Software Engineer
9 29 (11.65%) Java Developer
10 28 (11.24%) Developer/Software Engineer
10 28 (11.24%) Front Office Developer
10 28 (11.24%) Senior Software Engineer
11 24 (9.64%) Java Engineer
11 24 (9.64%) Java Software Engineer
12 23 (9.24%) Business Analyst
12 23 (9.24%) Software Developer
13 22 (8.84%) C# Developer
13 22 (8.84%) Quantitative Developer
Libraries, Frameworks & Software Standards
1 73 (29.32%) gRPC
1 73 (29.32%) Protocol Buffers
2 71 (28.51%) Pandas
3 65 (26.10%) NumPy
3 65 (26.10%) SciPy
4 16 (6.43%) React
5 14 (5.62%) .NET
6 8 (3.21%) FIX Protocol
7 6 (2.41%) .NET Framework
7 6 (2.41%) AngularJS
7 6 (2.41%) Material-UI
7 6 (2.41%) Vue
8 4 (1.61%) CSS
8 4 (1.61%) Entity Framework
8 4 (1.61%) HTML
8 4 (1.61%) WPF
8 4 (1.61%) XML
9 3 (1.20%) ASP.NET
9 3 (1.20%) Hibernate
9 3 (1.20%) Spring
Miscellaneous
1 148 (59.44%) Hedge funds
2 118 (47.39%) Fixed Income
3 113 (45.38%) Equities
4 94 (37.75%) Foreign Exchange (FX)
5 38 (15.26%) Equity Derivative
6 16 (6.43%) Product Ownership
7 11 (4.42%) Algorithms
7 11 (4.42%) Credit Derivative
8 10 (4.02%) Distributed Systems
9 7 (2.81%) Interest Rate Derivative
10 6 (2.41%) Pricing Data
11 3 (1.20%) Greenfield Project
11 3 (1.20%) Management Information System
11 3 (1.20%) SWIFT Messaging Network
12 2 (0.80%) Data Structures
12 2 (0.80%) Market Risk
13 1 (0.40%) Fat Client
13 1 (0.40%) Self-Motivation
13 1 (0.40%) Thin Client
Operating Systems
1 5 (2.01%) Unix
2 3 (1.20%) Linux
3 1 (0.40%) Windows
Processes & Methodologies
1 139 (55.82%) Asset Management
2 124 (49.80%) Investment Management
3 115 (46.18%) Agile
4 90 (36.14%) Software Engineering
5 40 (16.06%) Mentoring
6 39 (15.66%) Analytics
7 35 (14.06%) Greeks
8 27 (10.84%) Line Management
9 24 (9.64%) Mathematics
10 18 (7.23%) Product Management
11 17 (6.83%) Risk Management
12 16 (6.43%) Quantitative Research
13 15 (6.02%) Problem-Solving
14 13 (5.22%) Computer Science
14 13 (5.22%) RAD
14 13 (5.22%) Requirements Gathering
15 12 (4.82%) Artificial Intelligence
15 12 (4.82%) Machine Learning
15 12 (4.82%) TDD
16 11 (4.42%) Multithreading
Programming Languages
1 176 (70.68%) Python
2 93 (37.35%) Java
3 80 (32.13%) JavaScript
3 80 (32.13%) SQL
4 73 (29.32%) TypeScript
5 72 (28.92%) C#
6 33 (13.25%) C++
7 22 (8.84%) R
8 12 (4.82%) Scala
9 6 (2.41%) Ruby
10 2 (0.80%) VBA
11 1 (0.40%) Rust
Qualifications
1 28 (11.24%) Degree
2 13 (5.22%) Computer Science Degree
2 13 (5.22%) Numerate Degree
3 10 (4.02%) Master's Degree
4 4 (1.61%) APMP
5 2 (0.80%) PhD
Quality Assurance & Compliance
1 31 (12.45%) Data Quality
2 9 (3.61%) QA
3 5 (2.01%) MiFID
4 4 (1.61%) PMO
5 3 (1.20%) EMIR
6 2 (0.80%) SEPA
Systems Management
1 2 (0.80%) Ansible
Vendors
1 21 (8.43%) Bloomberg
2 8 (3.21%) Oracle
3 6 (2.41%) Databricks
4 5 (2.01%) ION Trading
4 5 (2.01%) MarketAxess
4 5 (2.01%) Tradeweb
5 4 (1.61%) Microsoft
6 3 (1.20%) Murex
7 2 (0.80%) Calypso
7 2 (0.80%) Reuters
8 1 (0.40%) IBM
8 1 (0.40%) Informatica