Period
to 7 March 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 7 March 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
7 Mar 2021
Same period 2020 Same period 2019
Rank 174 238 205
Rank change year-on-year +64 -33 +9
Permanent jobs citing PhD 50 51 140
As % of all permanent jobs advertised in the City of London 1.07% 0.57% 1.36%
As % of the Qualifications category 5.62% 3.12% 6.51%
Number of salaries quoted 52 46 135
Median annual salary £75,000 £75,000 £70,000
Median salary % change year-on-year - +7.14% -
10th Percentile £46,250 £52,500 £40,250
90th Percentile £97,250 £110,500 £95,000
Central London median annual salary £75,000 £77,500 £70,000
% change year-on-year -3.23% +10.71% -

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 889 1,637 2,150
As % of all permanent IT jobs advertised in the City of London 19.06% 18.42% 20.85%
Number of salaries quoted 750 1,440 1,845
Median annual salary £70,000 £62,500 £60,000
Median salary % change year-on-year +12.00% +4.17% +2.13%
10th Percentile £43,750 £31,250 £32,500
90th Percentile £93,750 £95,000 £95,000
Central London median annual salary £70,000 £62,500 £60,000
% change year-on-year +12.00% +4.17% +4.35%

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 7 March 2021.

Salary histogram for PhD in the City of London

For the 6 months to 7 March 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 45 (90.00%) Python
2 42 (84.00%) Machine Learning
3 32 (64.00%) Degree
3 32 (64.00%) Data Science
4 27 (54.00%) Artificial Intelligence
5 25 (50.00%) R
6 23 (46.00%) Mathematics
7 19 (38.00%) Java
7 19 (38.00%) Finance
8 18 (36.00%) Algorithms
8 18 (36.00%) Master's Degree
9 17 (34.00%) Computer Science
9 17 (34.00%) Statistics
9 17 (34.00%) Hadoop
10 14 (28.00%) Predictive Modelling
10 14 (28.00%) TensorFlow
11 13 (26.00%) Neural Network
11 13 (26.00%) Visualisation
11 13 (26.00%) Natural Language Processing
12 12 (24.00%) Physics
12 12 (24.00%) SQL
13 11 (22.00%) C#
13 11 (22.00%) Foreign Exchange (FX)
13 11 (22.00%) Risk Management
13 11 (22.00%) Advertising
13 11 (22.00%) Validation
13 11 (22.00%) Exotic Derivative
13 11 (22.00%) MiFID
13 11 (22.00%) Agile Software Development
13 11 (22.00%) TDD

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 (14.00%) SAS
2 4 (8.00%) Apache
3 3 (6.00%) Apache Spark
Applications
1 2 (4.00%) Microsoft Excel
1 2 (4.00%) Microsoft Office
1 2 (4.00%) Microsoft PowerPoint
Business Applications
1 8 (16.00%) FINCAD Analytics
Cloud Services
1 10 (20.00%) Amazon SageMaker
2 3 (6.00%) Azure
2 3 (6.00%) GCP
3 1 (2.00%) GitHub
Communications & Networking
1 1 (2.00%) SNMP
Database & Business Intelligence
1 17 (34.00%) Hadoop
2 7 (14.00%) Data Mining
2 7 (14.00%) SQL Server
2 7 (14.00%) Tableau
3 4 (8.00%) Big Data
3 4 (8.00%) NoSQL
4 2 (4.00%) Data Lake
5 1 (2.00%) MongoDB
5 1 (2.00%) MySQL
5 1 (2.00%) Relational Database
Development Applications
1 2 (4.00%) Jenkins
2 1 (2.00%) Bitbucket
2 1 (2.00%) CircleCI
2 1 (2.00%) Git (software)
2 1 (2.00%) JIRA
General
1 19 (38.00%) Finance
2 11 (22.00%) Advertising
3 8 (16.00%) Games
4 2 (4.00%) French Language
4 2 (4.00%) Law
5 1 (2.00%) Arabic Language
5 1 (2.00%) Automotive
5 1 (2.00%) Bulgarian Language
5 1 (2.00%) Czech Language
5 1 (2.00%) German Language
5 1 (2.00%) Hungarian Language
5 1 (2.00%) Italian Language
5 1 (2.00%) Japanese Language
5 1 (2.00%) Norwegian Language
5 1 (2.00%) Spanish Language
5 1 (2.00%) Swedish Language
Job Titles
1 24 (48.00%) Data Scientist
2 14 (28.00%) Developer
3 11 (22.00%) Quantitative Developer
4 10 (20.00%) Senior Data Scientist
5 9 (18.00%) Analyst
6 8 (16.00%) Analyst Developer
6 8 (16.00%) Qualitative Analyst
6 8 (16.00%) Quantitative Analyst
6 8 (16.00%) Quantitative Analyst Developer
6 8 (16.00%) Senior Developer
6 8 (16.00%) Senior Quantitative Developer
7 7 (14.00%) Senior Analyst
7 7 (14.00%) Senior Analyst Developer
7 7 (14.00%) Senior Quantitative Analyst
8 4 (8.00%) C# Developer
9 3 (6.00%) C# Quant Developer
9 3 (6.00%) Consultant
9 3 (6.00%) Digital Transformation
9 3 (6.00%) Digital Transformation Consultant
9 3 (6.00%) Transformation Consultant
Libraries, Frameworks & Software Standards
1 14 (28.00%) TensorFlow
2 13 (26.00%) Natural Language Processing
3 6 (12.00%) PyTorch
4 5 (10.00%) Keras
5 3 (6.00%) Spring
6 1 (2.00%) AngularJS
6 1 (2.00%) Apache Tika
6 1 (2.00%) CoreNLP
6 1 (2.00%) GraphQL
6 1 (2.00%) Node.js
6 1 (2.00%) PySpark
6 1 (2.00%) RabbitMQ
6 1 (2.00%) React
6 1 (2.00%) Ruby on Rails
6 1 (2.00%) scikit-learn
6 1 (2.00%) SciPy
6 1 (2.00%) SpaCy
6 1 (2.00%) Vue.js
Miscellaneous
1 18 (36.00%) Algorithms
2 11 (22.00%) Equities
2 11 (22.00%) Exotic Derivative
2 11 (22.00%) Foreign Exchange (FX)
2 11 (22.00%) Market Risk
3 9 (18.00%) Analytical Skills
4 2 (4.00%) Bitcoin
4 2 (4.00%) Industry 4.0
4 2 (4.00%) PMI
4 2 (4.00%) Renewable Energy
4 2 (4.00%) Robotics
4 2 (4.00%) Self-Motivation
5 1 (2.00%) Social Media
Processes & Methodologies
1 42 (84.00%) Machine Learning
2 32 (64.00%) Data Science
3 27 (54.00%) Artificial Intelligence
4 23 (46.00%) Mathematics
5 17 (34.00%) Computer Science
5 17 (34.00%) Statistics
6 14 (28.00%) Predictive Modelling
7 13 (26.00%) Neural Network
7 13 (26.00%) Visualisation
8 12 (24.00%) Physics
9 11 (22.00%) Agile Software Development
9 11 (22.00%) Financial Modelling
9 11 (22.00%) Reinforcement Learning
9 11 (22.00%) Risk Management
9 11 (22.00%) Stochastic Calculus
9 11 (22.00%) TDD
9 11 (22.00%) Validation
10 10 (20.00%) Business Intelligence
10 10 (20.00%) Knowledge Representation
10 10 (20.00%) People Management
Programming Languages
1 45 (90.00%) Python
2 25 (50.00%) R
3 19 (38.00%) Java
4 12 (24.00%) SQL
5 11 (22.00%) C#
6 8 (16.00%) C++
7 5 (10.00%) Go
8 4 (8.00%) Julia
9 2 (4.00%) Rust
10 1 (2.00%) Cython
10 1 (2.00%) JavaScript
10 1 (2.00%) PHP
10 1 (2.00%) Ruby
10 1 (2.00%) Scala
10 1 (2.00%) TypeScript
Qualifications
1 32 (64.00%) Degree
2 18 (36.00%) Master's Degree
3 2 (4.00%) PMI Certification
4 1 (2.00%) Computer Science Degree
4 1 (2.00%) MBA
4 1 (2.00%) MPhil
Quality Assurance & Compliance
1 11 (22.00%) Dodd-Frank
1 11 (22.00%) EMIR
1 11 (22.00%) MiFID
System Software
1 2 (4.00%) Docker
Systems Management
1 2 (4.00%) Kubernetes
2 1 (2.00%) Ansible
2 1 (2.00%) Terraform
Vendors
1 1 (2.00%) Databricks