Period
to 1 December 2021

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 1 December 2021 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
1 Dec 2021
Same period 2020 Same period 2019
Rank 191 174 269
Rank change year-on-year -17 +95 -68
Permanent jobs citing PhD 67 40 55
As % of all permanent jobs advertised in the City of London 1.08% 0.99% 0.56%
As % of the Qualifications category 7.29% 5.18% 3.21%
Number of salaries quoted 54 38 51
10th Percentile £56,625 £56,250 £63,750
25th Percentile £57,500 £62,813 £66,875
Median annual salary (50th Percentile) £76,250 £83,750 £90,000
Median % change year-on-year -8.96% -6.94% +28.57%
75th Percentile £90,938 £95,000 £97,500
90th Percentile £112,500 £103,750 £137,500
Central London median annual salary £77,500 £82,500 £85,000
% change year-on-year -6.06% -2.94% +21.43%

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 919 772 1,713
As % of all permanent IT jobs advertised in the City of London 14.87% 19.02% 17.48%
Number of salaries quoted 792 664 1,456
10th Percentile £41,750 £40,000 £29,250
25th Percentile £51,250 £51,133 £46,125
Median annual salary (50th Percentile) £70,000 £65,000 £65,000
Median % change year-on-year +7.69% - +4.00%
75th Percentile £90,000 £82,500 £82,500
90th Percentile £103,750 £95,000 £97,500
Central London median annual salary £67,500 £65,000 £62,500
% change year-on-year +3.85% +4.00% -

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 1 December 2021.

Salary histogram for PhD in the City of London

For the 6 months to 1 December 2021, 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 49 (73.13%) Python
2 46 (68.66%) Machine Learning
3 34 (50.75%) Artificial Intelligence
4 33 (49.25%) Data Science
5 32 (47.76%) Computer Science
6 28 (41.79%) Mathematics
6 28 (41.79%) Degree
7 26 (38.81%) Physics
8 24 (35.82%) R
9 23 (34.33%) Deep Learning
10 22 (32.84%) Statistics
10 22 (32.84%) C#
10 22 (32.84%) MATLAB
11 21 (31.34%) Social Skills
12 19 (28.36%) Presentation Skills
12 19 (28.36%) Finance
13 17 (25.37%) Risk Management
13 17 (25.37%) Master's Degree
14 16 (23.88%) TensorFlow
15 15 (22.39%) EMIR
15 15 (22.39%) Dodd-Frank
15 15 (22.39%) Model Validation
15 15 (22.39%) Advertising
15 15 (22.39%) Validation
15 15 (22.39%) Equities
15 15 (22.39%) Foreign Exchange (FX)
15 15 (22.39%) C++
15 15 (22.39%) Exotic Derivative
15 15 (22.39%) MiFID
15 15 (22.39%) Market Risk

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 5 (7.46%) SAS
2 3 (4.48%) Apache Spark
2 3 (4.48%) SugarCRM
3 2 (2.99%) Elasticsearch
4 1 (1.49%) Apache
4 1 (1.49%) Luigi
Business Applications
1 1 (1.49%) FINCAD Analytics
Cloud Services
1 4 (5.97%) AWS
2 3 (4.48%) Azure
2 3 (4.48%) GCP
3 1 (1.49%) Azure Machine Learning
3 1 (1.49%) SaaS
Communications & Networking
1 1 (1.49%) Internet
Database & Business Intelligence
1 13 (19.40%) Big Data
2 5 (7.46%) Tableau
3 4 (5.97%) NoSQL
4 3 (4.48%) MariaDB
4 3 (4.48%) MySQL
4 3 (4.48%) SQL Server
5 2 (2.99%) Data Lake
5 2 (2.99%) Data Warehouse
5 2 (2.99%) Hadoop
5 2 (2.99%) KDB
5 2 (2.99%) Neo4j
6 1 (1.49%) Flink
6 1 (1.49%) HBase
Development Applications
1 2 (2.99%) Git (software)
2 1 (1.49%) Bitbucket
General
1 21 (31.34%) Social Skills
2 19 (28.36%) Finance
2 19 (28.36%) Presentation Skills
3 15 (22.39%) Advertising
4 7 (10.45%) Retail
5 5 (7.46%) Games
6 4 (5.97%) Banking
7 3 (4.48%) Investment Banking
7 3 (4.48%) Manufacturing
8 2 (2.99%) Law
8 2 (2.99%) Marketing
8 2 (2.99%) Public Sector
9 1 (1.49%) Analytical Skills
9 1 (1.49%) Front Office
9 1 (1.49%) Telecoms
Job Titles
1 14 (20.90%) Analyst
1 14 (20.90%) Qualitative Analyst
1 14 (20.90%) Quantitative Analyst
2 13 (19.40%) Developer
2 13 (19.40%) Quantitative Developer
3 12 (17.91%) Data Scientist
4 9 (13.43%) Architect
5 7 (10.45%) C# Developer
5 7 (10.45%) C# Quant Developer
6 6 (8.96%) Python Developer
7 3 (4.48%) Consultant
7 3 (4.48%) Database Engineer
7 3 (4.48%) Reliability Engineer
7 3 (4.48%) Senior Data Scientist
8 2 (2.99%) Change Management Consultant
8 2 (2.99%) Data Architect
8 2 (2.99%) Digital Transformation
8 2 (2.99%) Junior
8 2 (2.99%) Management Consultant
8 2 (2.99%) Programme Manager
Libraries, Frameworks & Software Standards
1 16 (23.88%) TensorFlow
2 8 (11.94%) Caffe
2 8 (11.94%) MXNet
2 8 (11.94%) PyTorch
2 8 (11.94%) Theano
2 8 (11.94%) Torch
3 7 (10.45%) Keras
4 3 (4.48%) RESTful
5 2 (2.99%) PySpark
6 1 (1.49%) Apache Tika
6 1 (1.49%) CoreNLP
6 1 (1.49%) Elastic Stack
6 1 (1.49%) Flask
6 1 (1.49%) Gensim
6 1 (1.49%) Pandas
6 1 (1.49%) scikit-learn
6 1 (1.49%) SciPy
6 1 (1.49%) SpaCy
6 1 (1.49%) WPF
Miscellaneous
1 15 (22.39%) Equities
1 15 (22.39%) Exotic Derivative
1 15 (22.39%) Foreign Exchange (FX)
1 15 (22.39%) Market Risk
2 5 (7.46%) Algorithms
3 3 (4.48%) Credit Risk
3 3 (4.48%) Life Science
4 2 (2.99%) Fixed Income
5 1 (1.49%) Derivative
5 1 (1.49%) Enterprise Software
5 1 (1.49%) Internet of Things
5 1 (1.49%) NHS
Operating Systems
1 2 (2.99%) Linux
2 1 (1.49%) Windows
Processes & Methodologies
1 46 (68.66%) Machine Learning
2 34 (50.75%) Artificial Intelligence
3 33 (49.25%) Data Science
4 32 (47.76%) Computer Science
5 28 (41.79%) Mathematics
6 26 (38.81%) Physics
7 23 (34.33%) Deep Learning
8 22 (32.84%) Statistics
9 17 (25.37%) Risk Management
10 15 (22.39%) Financial Modelling
10 15 (22.39%) Model Validation
10 15 (22.39%) Stochastic Calculus
10 15 (22.39%) Validation
11 12 (17.91%) Kalman Filter
12 11 (16.42%) Automated Trading
12 11 (16.42%) Natural Language Processing
13 9 (13.43%) Convolutional Neural Network
13 9 (13.43%) Personalization
13 9 (13.43%) Stakeholder Management
13 9 (13.43%) Statistical Modelling
Programming Languages
1 49 (73.13%) Python
2 24 (35.82%) R
3 22 (32.84%) C#
3 22 (32.84%) MATLAB
4 15 (22.39%) C++
5 13 (19.40%) SQL
6 3 (4.48%) PHP
7 2 (2.99%) Java
7 2 (2.99%) Scala
8 1 (1.49%) Go
8 1 (1.49%) Julia
8 1 (1.49%) VBA
Qualifications
1 28 (41.79%) Degree
2 17 (25.37%) Master's Degree
3 11 (16.42%) Computer Science Degree
4 2 (2.99%) PMI Certification
4 2 (2.99%) PMP
5 1 (1.49%) SC Cleared
5 1 (1.49%) Security Cleared
Quality Assurance & Compliance
1 15 (22.39%) Dodd-Frank
1 15 (22.39%) EMIR
1 15 (22.39%) MiFID
System Software
1 3 (4.48%) Docker
2 1 (1.49%) HDFS
Systems Management
1 3 (4.48%) Ansible
2 2 (2.99%) Kubernetes
Vendors
1 8 (11.94%) IBM
2 1 (1.49%) MuleSoft
2 1 (1.49%) TIBCO