Period
to 22 April 2019

The following table provides summary statistics for permanent job vacancies advertised in the City of London with a requirement for Backtesting skills. Included is a benchmarking guide to the salaries offered in vacancies that have cited Backtesting over the 6 months to 22 April 2019 with a comparison to the same period in the previous 2 years.

Backtesting
Central London > City of London
6 months to
22 Apr 2019
Same period 2018 Same period 2017
Rank 329 332 325
Rank change year-on-year +3 -7 +51
Permanent jobs citing Backtesting 6 8 12
As % of all permanent IT jobs advertised in the City of London 0.059% 0.074% 0.12%
As % of the Processes & Methodologies category 0.064% 0.079% 0.13%
Number of salaries quoted 3 8 3
City of London median annual salary £115,000 £61,250 £115,000
Median salary % change year-on-year +87.76% -46.74% +84.00%
10th Percentile £96,500 £42,500 £55,500
90th Percentile £122,500 £90,000 £128,500
Central London median annual salary £115,000 £52,500 £115,000
% change year-on-year +119.05% -54.35% +84.00%

Backtesting is in the Processes and Methodologies category. The following table is for comparison with the above and provides summary statistics for all permanent job vacancies advertised in the City of London with a requirement for process or methodology skills.

All Process and Methodology Skills
City of London
Permanent vacancies with a requirement for process or methodology skills 9,411 10,094 9,506
As % of all permanent IT jobs advertised in the City of London 92.19% 93.33% 91.71%
Number of salaries quoted 8,334 8,902 8,625
City of London median annual salary £65,000 £61,500 £60,000
Median salary % change year-on-year +5.69% +2.50% +4.35%
10th Percentile £36,250 £36,250 £36,250
90th Percentile £96,250 £93,750 £92,500
Central London median annual salary £65,000 £60,000 £60,000
% change year-on-year +8.33% - +4.35%

Backtesting
Job Vacancy Trend in the City of London

Job postings citing Backtesting as a percentage of all IT jobs advertised in the City of London.

Job vacancy trend for Backtesting in the City of London

Backtesting
Salary Trend in the City of London

This chart provides the 3-month moving average for salaries quoted in permanent IT jobs citing Backtesting in the City of London.

Salary trend for Backtesting in the City of London

For the 6 months to 22 April 2019, IT jobs citing Backtesting also mentioned the following skills in order of popularity. The figures indicate the absolute number co-occurrences and as a proportion of all permanent job ads across the City of London region with a requirement for Backtesting.

1 4 (66.67%) C#
1 4 (66.67%) C++
1 4 (66.67%) Linux
2 3 (50.00%) Front Office
2 3 (50.00%) Python
2 3 (50.00%) Foreign Exchange (FX)
2 3 (50.00%) Finance
2 3 (50.00%) Equities
2 3 (50.00%) Hedge funds
2 3 (50.00%) Analytics
3 2 (33.33%) Low Latency
3 2 (33.33%) Ultra-Low Latency
3 2 (33.33%) Proprietary Trading
3 2 (33.33%) Performance Optimisation
3 2 (33.33%) Risk Management
3 2 (33.33%) OOP
3 2 (33.33%) OO
3 2 (33.33%) Software Engineering
3 2 (33.33%) Ruby
3 2 (33.33%) Degree
3 2 (33.33%) Mathematics
3 2 (33.33%) Computer Science
3 2 (33.33%) Continuous Integration
3 2 (33.33%) Multithreading
3 2 (33.33%) Mathematical Modelling
3 2 (33.33%) Self-Motivation
3 2 (33.33%) Problem-Solving
4 1 (16.67%) Bash Shell
4 1 (16.67%) Windows
4 1 (16.67%) C

Backtesting
Co-occurring IT Skills in the City of London 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:

General
1 3 (50.00%) Finance
1 3 (50.00%) Front Office
Job Titles
1 4 (66.67%) Developer
1 4 (66.67%) Quantitative Developer
2 2 (33.33%) C# Developer
2 2 (33.33%) C# Quant Developer
2 2 (33.33%) Software Engineer
3 1 (16.67%) C++ Developer
3 1 (16.67%) C++ Quantitative Developer
Miscellaneous
1 3 (50.00%) Equities
1 3 (50.00%) Foreign Exchange (FX)
1 3 (50.00%) Hedge funds
2 2 (33.33%) Self-Motivation
Operating Systems
1 4 (66.67%) Linux
2 1 (16.67%) Windows
Processes & Methodologies
1 3 (50.00%) Analytics
2 2 (33.33%) Computer Science
2 2 (33.33%) Continuous Integration
2 2 (33.33%) Low Latency
2 2 (33.33%) Mathematical Modelling
2 2 (33.33%) Mathematics
2 2 (33.33%) Multithreading
2 2 (33.33%) OO
2 2 (33.33%) OOP
2 2 (33.33%) Performance Optimisation
2 2 (33.33%) Problem-Solving
2 2 (33.33%) Proprietary Trading
2 2 (33.33%) Risk Management
2 2 (33.33%) Software Engineering
2 2 (33.33%) Ultra-Low Latency
3 1 (16.67%) High-Frequency Trading
3 1 (16.67%) Machine Learning
3 1 (16.67%) Market Making
Programming Languages
1 4 (66.67%) C#
1 4 (66.67%) C++
2 3 (50.00%) Python
3 2 (33.33%) Ruby
4 1 (16.67%) Bash Shell
4 1 (16.67%) C
4 1 (16.67%) R
Qualifications
1 2 (33.33%) Degree