Period
to

The following table provides summary statistics for permanent job vacancies advertised in the City of London with a requirement for PhD qualifications. Included is a benchmarking guide to the salaries offered over the 6 months to 24 May 2022 with a comparison to the same period in the previous 2 years.

Doctor of Philosophy (PhD, DPhil, EngD, Doctorate)
Central London > City of London
6 months to
24 May 2022
Same period 2021 Same period 2020
Rank 232 189 229
Rank change year-on-year -43 +40 -1
Permanent jobs citing PhD 48 42 37
As % of all permanent jobs advertised in the City of London 0.65% 0.84% 0.53%
As % of the Qualifications category 3.94% 4.81% 2.78%
Number of salaries quoted 35 37 35
10th Percentile £56,750 £42,250 £48,000
25th Percentile £64,375 £46,250 £55,125
Median annual salary (50th Percentile) £75,000 £62,500 £67,500
Median % change year-on-year +20.00% -7.41% -1.82%
75th Percentile £90,000 £80,000 £79,375
90th Percentile £93,750 £87,750 £87,500
Central London median annual salary £75,000 £62,500 £70,000
% change year-on-year +20.00% -10.71% +5.66%

PhD is in the Academic Qualifications and Professional Certifications 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 academic qualifications or professional certifications.

All Academic and Professional Certifications
City of London
Permanent vacancies requiring academic qualifications or professional certifications 1,218 873 1,329
As % of all permanent IT jobs advertised in the City of London 16.51% 17.47% 18.92%
Number of salaries quoted 810 751 1,171
10th Percentile £41,925 £42,500 £32,500
25th Percentile £55,000 £52,500 £45,750
Median annual salary (50th Percentile) £70,000 £70,000 £62,500
Median % change year-on-year - +12.00% -
75th Percentile £92,500 £83,750 £82,500
90th Percentile £107,500 £93,750 £95,000
Central London median annual salary £70,000 £70,000 £62,500
% change year-on-year - +12.00% +4.17%

PhD
Job Vacancy Trend in the City of London

Job postings citing PhD as a proportion of all IT jobs advertised in the City of London.

Job vacancy trend for PhD in the City of London

PhD
Salary Trend in the City of London

3-month moving average salary quoted in jobs citing PhD in the City of London.

Salary trend for PhD in the City of London

PhD
Salary Histogram in the City of London

Salary distribution for jobs citing PhD in the City of London over the 6 months to 24 May 2022.

Salary histogram for PhD in the City of London

For the 6 months to 24 May 2022, IT jobs citing PhD 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 PhD.

1 43 (89.58%) Python
2 34 (70.83%) Mathematics
3 30 (62.50%) Degree
4 26 (54.17%) Machine Learning
5 23 (47.92%) Computer Science
6 22 (45.83%) Physics
7 20 (41.67%) Master's Degree
7 20 (41.67%) Data Science
8 19 (39.58%) Statistics
8 19 (39.58%) Finance
9 18 (37.50%) SQL
10 17 (35.42%) Risk Management
11 16 (33.33%) Validation
11 16 (33.33%) Foreign Exchange (FX)
11 16 (33.33%) Exotic Derivative
12 15 (31.25%) Artificial Intelligence
12 15 (31.25%) Stochastic Calculus
12 15 (31.25%) Financial Modelling
12 15 (31.25%) Advertising
12 15 (31.25%) Equities
12 15 (31.25%) Model Validation
13 13 (27.08%) Market Risk
13 13 (27.08%) MiFID
13 13 (27.08%) Analytics
13 13 (27.08%) EMIR
13 13 (27.08%) Dodd-Frank
14 12 (25.00%) C++
15 11 (22.92%) Deep Learning
16 10 (20.83%) R
17 9 (18.75%) Computer Science Degree

PhD
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:

Application Platforms
1 7 (14.58%) SugarCRM
2 4 (8.33%) SAS
Cloud Services
1 4 (8.33%) Power Platform
2 1 (2.08%) Azure
2 1 (2.08%) GCP
Database & Business Intelligence
1 7 (14.58%) MariaDB
1 7 (14.58%) MySQL
1 7 (14.58%) NoSQL
1 7 (14.58%) SQL Server
2 4 (8.33%) Power BI
3 3 (6.25%) Big Data
3 3 (6.25%) Neo4j
3 3 (6.25%) Tableau
4 2 (4.17%) Qlik Sense
5 1 (2.08%) Data Mining
5 1 (2.08%) Data Warehouse
General
1 19 (39.58%) Finance
2 15 (31.25%) Advertising
3 9 (18.75%) Analytical Skills
4 4 (8.33%) Banking
4 4 (8.33%) Investment Banking
4 4 (8.33%) Law
4 4 (8.33%) Social Skills
5 3 (6.25%) Pharmaceutical
5 3 (6.25%) Retail
6 2 (4.17%) Marketing
7 1 (2.08%) Games
Job Titles
1 13 (27.08%) Data Scientist
2 12 (25.00%) Developer
2 12 (25.00%) Python Developer
2 12 (25.00%) Quantitative Developer
3 10 (20.83%) Analyst
4 7 (14.58%) Database Engineer
4 7 (14.58%) Reliability Engineer
4 7 (14.58%) Senior Data Scientist
5 6 (12.50%) C++ Developer
5 6 (12.50%) C++ Quantitative Developer
5 6 (12.50%) Qualitative Analyst
5 6 (12.50%) Quantitative Analyst
6 4 (8.33%) Data Analyst
7 3 (6.25%) Programmer
7 3 (6.25%) Senior Analyst
7 3 (6.25%) Senior Data Analyst
7 3 (6.25%) Validation Analyst
8 1 (2.08%) Data Engineer
8 1 (2.08%) Data Visualisation Consultant
8 1 (2.08%) SQL Analyst
Libraries, Frameworks & Software Standards
1 8 (16.67%) PySpark
2 7 (14.58%) RESTful
3 5 (10.42%) Keras
3 5 (10.42%) PyTorch
4 3 (6.25%) TensorFlow
5 2 (4.17%) D3.js
5 2 (4.17%) Dask
5 2 (4.17%) Matplotlib
5 2 (4.17%) MXNet
5 2 (4.17%) NumPy
5 2 (4.17%) Pandas
5 2 (4.17%) React
5 2 (4.17%) scikit-learn
5 2 (4.17%) Torch
6 1 (2.08%) Elastic Stack
Miscellaneous
1 16 (33.33%) Exotic Derivative
1 16 (33.33%) Foreign Exchange (FX)
2 15 (31.25%) Equities
3 13 (27.08%) Market Risk
4 4 (8.33%) Credit Risk
5 1 (2.08%) Blockchain
5 1 (2.08%) Credit Derivative
5 1 (2.08%) Derivative
Processes & Methodologies
1 34 (70.83%) Mathematics
2 26 (54.17%) Machine Learning
3 23 (47.92%) Computer Science
4 22 (45.83%) Physics
5 20 (41.67%) Data Science
6 19 (39.58%) Statistics
7 17 (35.42%) Risk Management
8 16 (33.33%) Validation
9 15 (31.25%) Artificial Intelligence
9 15 (31.25%) Financial Modelling
9 15 (31.25%) Model Validation
9 15 (31.25%) Stochastic Calculus
10 13 (27.08%) Analytics
11 11 (22.92%) Deep Learning
12 8 (16.67%) Data Modelling
13 7 (14.58%) Capacity Management
13 7 (14.58%) Configuration Management
13 7 (14.58%) Database Security
13 7 (14.58%) Performance Metrics
13 7 (14.58%) Performance Tuning
Programming Languages
1 43 (89.58%) Python
2 18 (37.50%) SQL
3 12 (25.00%) C++
4 10 (20.83%) R
5 7 (14.58%) PHP
6 5 (10.42%) C#
6 5 (10.42%) MATLAB
7 3 (6.25%) Scala
8 2 (4.17%) JavaScript
9 1 (2.08%) Java
Qualifications
1 30 (62.50%) Degree
2 20 (41.67%) Master's Degree
3 9 (18.75%) Computer Science Degree
Quality Assurance & Compliance
1 13 (27.08%) Dodd-Frank
1 13 (27.08%) EMIR
1 13 (27.08%) MiFID
2 3 (6.25%) CDISC
3 2 (4.17%) SNOMED CT
Systems Management
1 7 (14.58%) Ansible
2 3 (6.25%) Kubeflow
Vendors
1 1 (2.08%) Google