Backtesting
UK

The following table provides summary statistics for permanent job vacancies 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 8 May 2024 with a comparison to the same period in the previous 2 years.

6 months to
8 May 2024
Same period 2023 Same period 2022
Rank 860 936 1145
Rank change year-on-year +76 +209 -287
Permanent jobs citing Backtesting 28 59 90
As % of all permanent jobs advertised in the UK 0.028% 0.058% 0.057%
As % of the Processes & Methodologies category 0.033% 0.061% 0.060%
Number of salaries quoted 24 42 69
10th Percentile £62,500 £35,733 £99,500
25th Percentile £82,500 £48,750 £110,000
Median annual salary (50th Percentile) £137,500 £98,442 £125,000
Median % change year-on-year +39.68% -21.25% +8.70%
75th Percentile £155,000 £162,500 £146,250
90th Percentile £198,750 £170,000 £162,500
UK excluding London median annual salary £85,000 £67,570 -
% change year-on-year +25.80% - -

All Process and Methodology Skills
UK

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 with a requirement for process or methodology skills.

Permanent vacancies with a requirement for process or methodology skills 84,937 97,101 150,579
As % of all permanent jobs advertised in the UK 85.64% 95.61% 95.65%
Number of salaries quoted 59,853 57,006 82,680
10th Percentile £29,000 £34,000 £33,515
25th Percentile £40,000 £45,000 £43,750
Median annual salary (50th Percentile) £55,000 £61,180 £60,000
Median % change year-on-year -10.10% +1.97% +9.09%
75th Percentile £72,500 £81,250 £80,000
90th Percentile £92,500 £100,000 £96,750
UK excluding London median annual salary £50,000 £55,000 £52,500
% change year-on-year -9.09% +4.76% +9.38%

Backtesting
Job Vacancy Trend

Job postings citing Backtesting as a proportion of all IT jobs advertised.

Job vacancy trend for Backtesting in the UK

Backtesting
Salary Trend

3-month moving average salary quoted in jobs citing Backtesting.

Salary trend for Backtesting in the UK

Backtesting
Salary Histogram

Salary distribution for jobs citing Backtesting over the 6 months to 8 May 2024.

Salary histogram for Backtesting in the UK

Backtesting
Top 7 Job Locations

The table below looks at the demand and provides a guide to the median salaries quoted in IT jobs citing Backtesting within the UK over the 6 months to 8 May 2024. The 'Rank Change' column provides an indication of the change in demand within each location based on the same 6 month period last year.

Location Rank Change
on Same Period
Last Year
Matching
Permanent
IT Job Ads
Median Salary
Past 6 Months
Median Salary
% Change
on Same Period
Last Year
Live
Jobs
England +67 28 £137,500 +25.00% 46
London +115 23 £150,000 -3.23% 42
Work from Home +70 10 £92,500 +8.82% 13
UK excluding London -18 5 £85,000 +25.80% 3
South West -23 4 £85,000 -13.65%
Yorkshire +76 1 - -
North of England +36 1 - -

Backtesting
Co-occurring Skills and Capabilities 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 1 (3.57%) Jupyter
Applications
1 1 (3.57%) Microsoft Excel
Cloud Services
1 2 (7.14%) AWS
1 2 (7.14%) Azure
1 2 (7.14%) WhatsApp
2 1 (3.57%) Power Platform
Communications & Networking
1 2 (7.14%) TCP/IP
Database & Business Intelligence
1 4 (14.29%) SQL Server
2 3 (10.71%) Tick Data
3 2 (7.14%) NoSQL
3 2 (7.14%) PostgreSQL
3 2 (7.14%) SQL Server Analysis Services
3 2 (7.14%) SQL Server Integration Services
3 2 (7.14%) SQL Server Reporting Services
4 1 (3.57%) Data Warehouse
4 1 (3.57%) Power BI
Development Applications
1 4 (14.29%) Git
1 4 (14.29%) Jenkins
1 4 (14.29%) JIRA
1 4 (14.29%) Selenium
General
1 8 (28.57%) Banking
1 8 (28.57%) Finance
2 7 (25.00%) Investment Banking
3 6 (21.43%) Social Skills
4 3 (10.71%) Front Office
5 2 (7.14%) Financial Institution
5 2 (7.14%) Retail
6 1 (3.57%) Games
6 1 (3.57%) Inclusion and Diversity
Job Titles
1 19 (67.86%) Developer
2 14 (50.00%) Quantitative Developer
3 5 (17.86%) C++ Developer
4 4 (14.29%) Automation Test Lead
4 4 (14.29%) Lead
4 4 (14.29%) Test Leader
5 3 (10.71%) Python Developer
6 2 (7.14%) Database Engineer
6 2 (7.14%) Front Office Developer
6 2 (7.14%) Junior
6 2 (7.14%) SQL Developer
7 1 (3.57%) Analyst
7 1 (3.57%) DBA
7 1 (3.57%) Java Developer
7 1 (3.57%) Market Analyst
7 1 (3.57%) Market Risk Analyst
7 1 (3.57%) Risk Analyst
7 1 (3.57%) Senior
7 1 (3.57%) Senior Analyst
7 1 (3.57%) Senior Risk Analyst
Libraries, Frameworks & Software Standards
1 3 (10.71%) NumPy
1 3 (10.71%) Pandas
2 2 (7.14%) React
2 2 (7.14%) STL
3 1 (3.57%) FIX Protocol
3 1 (3.57%) SciPy
Miscellaneous
1 15 (53.57%) Foreign Exchange (FX)
2 13 (46.43%) Hedge funds
3 10 (35.71%) Equities
4 8 (28.57%) Fixed Income
5 5 (17.86%) Client/Server
6 2 (7.14%) Distributed Computing
6 2 (7.14%) FPGA
7 1 (3.57%) Algorithms
7 1 (3.57%) Data Structures
7 1 (3.57%) Market Risk
7 1 (3.57%) Renewable Energy
Operating Systems
1 6 (21.43%) Linux
Processes & Methodologies
1 24 (85.71%) Computer Science
2 16 (57.14%) Mathematics
3 11 (39.29%) Algorithmic Trading
3 11 (39.29%) Concurrent Programming
3 11 (39.29%) End-to-End Testing
3 11 (39.29%) Multithreading
3 11 (39.29%) Physics
4 9 (32.14%) Low Latency
4 9 (32.14%) Memory Management
5 7 (25.00%) Integration Testing
5 7 (25.00%) Systematic Trading
5 7 (25.00%) Unit Testing
6 6 (21.43%) Agile
6 6 (21.43%) Continuous Integration
6 6 (21.43%) Risk Management
7 5 (17.86%) Data Management
7 5 (17.86%) Problem-Solving
8 4 (14.29%) Continuous Deployment
8 4 (14.29%) Deployment Automation
8 4 (14.29%) Manual Testing
Programming Languages
1 15 (53.57%) Python
2 9 (32.14%) SQL
3 7 (25.00%) C++
3 7 (25.00%) Java
4 6 (21.43%) JavaScript
5 2 (7.14%) PL/SQL
5 2 (7.14%) PowerShell
5 2 (7.14%) Shell Script
5 2 (7.14%) T-SQL
6 1 (3.57%) C
6 1 (3.57%) MATLAB
6 1 (3.57%) VBA
Qualifications
1 15 (53.57%) Degree
2 10 (35.71%) Master's Degree
3 7 (25.00%) Computer Science Degree
4 6 (21.43%) PhD
Quality Assurance & Compliance
1 4 (14.29%) QA
Vendors
1 2 (7.14%) Microsoft
2 1 (3.57%) Dataiku