Derivative Contracts with Work from Home Options

Derivatives
UK > Work from Home

The table below looks at the prevalence of the term Derivative in contract job vacancies with an option to work from home (WFH). Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Derivative over the 6 months to 16 May 2024 with a comparison to the same period over the previous 2 years.

6 months to
16 May 2024
Same period 2023 Same period 2022
Rank 125 238 427
Rank change year-on-year +113 +189 -105
Contract jobs citing Derivative 266 253 201
As % of all contract jobs with a WFH option 1.80% 1.03% 0.46%
As % of the Miscellaneous category 6.26% 3.25% 1.45%
Number of daily rates quoted 255 224 143
10th Percentile £600 £475 £438
25th Percentile £675 £563 £574
Median daily rate (50th Percentile) £800 £725 £713
Median % change year-on-year +10.34% +1.75% +18.75%
75th Percentile £850 £823 £806
90th Percentile £888 £918 £888
UK median daily rate £750 £725 £675
% change year-on-year +3.45% +7.41% +10.20%

All Generic Skills
Work from Home

Derivative is in the General and Transferable Skills category. The following table is for comparison with the above and provides summary statistics for all contract job vacancies with a WFH option and a requirement for generic IT skills.

Contract vacancies with a requirement for generic IT skills 4,251 7,781 13,858
As % of all contract jobs with a WFH option 28.72% 31.57% 31.53%
Number of daily rates quoted 2,907 5,495 9,916
10th Percentile £325 £363 £362
25th Percentile £438 £456 £438
Median daily rate (50th Percentile) £550 £550 £540
Median % change year-on-year - +1.85% +9.09%
75th Percentile £675 £688 £650
90th Percentile £825 £797 £750
UK median daily rate £540 £550 £550
% change year-on-year -1.82% - +10.00%
Number of hourly rates quoted 186 150 225
10th Percentile £15.88 £19.00 £13.66
25th Percentile £25.50 £25.71 £20.75
Median hourly rate £51.00 £52.50 £44.50
Median % change year-on-year -2.86% +17.98% +29.93%
75th Percentile £69.38 £70.00 £60.00
90th Percentile £72.50 £85.00 £66.90
UK median hourly rate £31.38 £22.49 £27.50
% change year-on-year +39.54% -18.24% +4.05%

Derivative
Trend for Jobs with a WFH Option

Job vacancies with a work from home option citing Derivative as a proportion of all IT jobs advertised.

Derivative trend for jobs with a WFH option

Derivative
Daily Rate Trend for Jobs with a WFH Option

3-month moving average daily rate quoted in job vacancies with a work from home option citing Derivative.

Derivative daily rate for jobs with a WFH option

Derivative
Daily Rate Histogram for Jobs with a WFH Option

Daily rate distribution for jobs with a work from home option citing Derivative over the 6 months to 16 May 2024.

Derivative daily rate histogram for jobs with a WFH option

Derivative
Co-occurring Skills and Capabilities with WFH Options 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 89 (33.46%) Apache Airflow
2 81 (30.45%) Apache
3 4 (1.50%) Confluence
4 2 (0.75%) Microsoft Exchange
Applications
1 19 (7.14%) Microsoft Excel
2 8 (3.01%) Microsoft PowerPoint
3 4 (1.50%) Microsoft Office
3 4 (1.50%) Microsoft Project
3 4 (1.50%) MS Visio
Business Applications
1 4 (1.50%) Loan IQ
2 2 (0.75%) ION MarketView
Cloud Services
1 126 (47.37%) AWS
2 84 (31.58%) dbt
3 74 (27.82%) Snowflake
4 63 (23.68%) GCP
5 41 (15.41%) Azure
6 6 (2.26%) Azure DevOps
7 1 (0.38%) Azure Cosmos DB
7 1 (0.38%) GitHub
7 1 (0.38%) Power Platform
Communications & Networking
1 5 (1.88%) FIX Connectivity
Database & Business Intelligence
1 84 (31.58%) Apache Arrow
1 84 (31.58%) Dremio
2 83 (31.20%) Amazon Athena
3 80 (30.08%) Apache Ignite
4 75 (28.20%) Data Lake
5 14 (5.26%) SQL Server
6 4 (1.50%) Oracle Database
6 4 (1.50%) Relational Database
7 3 (1.13%) MySQL
7 3 (1.13%) PostgreSQL
8 2 (0.75%) Data Mart
8 2 (0.75%) Tableau
9 1 (0.38%) Big Data
9 1 (0.38%) NoSQL
9 1 (0.38%) Power BI
Development Applications
1 6 (2.26%) MLflow
2 5 (1.88%) SpecFlow
3 4 (1.50%) JIRA
3 4 (1.50%) Moq
3 4 (1.50%) TeamCity
3 4 (1.50%) Visual Studio
4 1 (0.38%) Git
4 1 (0.38%) Log4Net
4 1 (0.38%) NUnit
4 1 (0.38%) Selenium
General
1 228 (85.71%) Finance
2 207 (77.82%) Front Office
3 174 (65.41%) Banking
4 115 (43.23%) Investment Banking
5 38 (14.29%) Back Office
6 24 (9.02%) Analytical Skills
7 20 (7.52%) Social Skills
8 6 (2.26%) Financial Institution
9 4 (1.50%) Public Sector
10 3 (1.13%) Prime Brokerage
10 3 (1.13%) Synthetic Prime Brokerage
11 1 (0.38%) International Banking
Job Titles
1 117 (43.98%) Developer
2 66 (24.81%) Senior
3 60 (22.56%) Software Engineer
4 52 (19.55%) Analyst
5 46 (17.29%) Lead
6 38 (14.29%) Python Engineer
6 38 (14.29%) Python Software Engineer
7 36 (13.53%) Financial Analyst
7 36 (13.53%) Python Developer
7 36 (13.53%) Senior Software Engineer
8 34 (12.78%) Finance Manager
9 32 (12.03%) Developer/Software Engineer
9 32 (12.03%) Java Engineer
9 32 (12.03%) Java Software Engineer
10 30 (11.28%) Java Developer
11 28 (10.53%) AWS Engineer
11 28 (10.53%) AWS Software Engineer
12 27 (10.15%) Front Office Developer
12 27 (10.15%) Software Developer
13 25 (9.40%) Business Analyst
Libraries, Frameworks & Software Standards
1 89 (33.46%) gRPC
1 89 (33.46%) Protocol Buffers
2 87 (32.71%) Pandas
3 81 (30.45%) NumPy
3 81 (30.45%) SciPy
4 16 (6.02%) React
5 14 (5.26%) .NET
6 10 (3.76%) FIX Protocol
7 6 (2.26%) .NET Framework
7 6 (2.26%) AngularJS
7 6 (2.26%) Material-UI
7 6 (2.26%) Vue
8 4 (1.50%) CSS
8 4 (1.50%) Entity Framework
8 4 (1.50%) HTML
8 4 (1.50%) WPF
8 4 (1.50%) XML
9 3 (1.13%) ASP.NET
9 3 (1.13%) Hibernate
9 3 (1.13%) JPA
Miscellaneous
1 164 (61.65%) Hedge funds
2 135 (50.75%) Fixed Income
3 130 (48.87%) Equities
4 114 (42.86%) Foreign Exchange (FX)
5 36 (13.53%) Equity Derivative
6 18 (6.77%) Product Ownership
7 10 (3.76%) Algorithms
7 10 (3.76%) Credit Derivative
7 10 (3.76%) Pricing Data
8 9 (3.38%) Distributed Systems
9 6 (2.26%) Interest Rate Derivative
10 5 (1.88%) SWIFT Messaging Network
11 3 (1.13%) Management Information System
12 2 (0.75%) Data Structures
12 2 (0.75%) Enterprise Software
12 2 (0.75%) Greenfield Project
12 2 (0.75%) Market Risk
13 1 (0.38%) Fat Client
13 1 (0.38%) Self-Motivation
13 1 (0.38%) Thin Client
Operating Systems
1 6 (2.26%) Unix
2 5 (1.88%) Linux
3 1 (0.38%) Windows
Processes & Methodologies
1 156 (58.65%) Asset Management
2 135 (50.75%) Investment Management
3 133 (50.00%) Agile
4 107 (40.23%) Software Engineering
5 40 (15.04%) Analytics
5 40 (15.04%) Greeks
5 40 (15.04%) Mentoring
6 33 (12.41%) Line Management
7 23 (8.65%) Mathematics
8 19 (7.14%) Product Management
9 17 (6.39%) Risk Management
10 15 (5.64%) Problem-Solving
10 15 (5.64%) Quantitative Research
11 13 (4.89%) Artificial Intelligence
11 13 (4.89%) Computer Science
11 13 (4.89%) Machine Learning
11 13 (4.89%) RAD
12 12 (4.51%) Requirements Gathering
12 12 (4.51%) TDD
13 10 (3.76%) Data Modelling
Programming Languages
1 194 (72.93%) Python
2 108 (40.60%) Java
3 96 (36.09%) JavaScript
4 89 (33.46%) TypeScript
5 83 (31.20%) SQL
6 70 (26.32%) C#
7 31 (11.65%) C++
8 21 (7.89%) R
9 12 (4.51%) Scala
10 6 (2.26%) Ruby
11 2 (0.75%) VBA
12 1 (0.38%) Rust
Qualifications
1 28 (10.53%) Degree
2 13 (4.89%) Computer Science Degree
2 13 (4.89%) Numerate Degree
3 10 (3.76%) Master's Degree
4 4 (1.50%) APMP
5 2 (0.75%) PhD
Quality Assurance & Compliance
1 37 (13.91%) Data Quality
2 8 (3.01%) QA
3 5 (1.88%) MiFID
4 4 (1.50%) EMIR
4 4 (1.50%) PMO
5 2 (0.75%) SEPA
Systems Management
1 2 (0.75%) Ansible
Vendors
1 22 (8.27%) Bloomberg
2 8 (3.01%) Oracle
3 6 (2.26%) Databricks
3 6 (2.26%) ION Trading
4 5 (1.88%) MarketAxess
4 5 (1.88%) Tradeweb
5 4 (1.50%) Microsoft
6 3 (1.13%) Murex
7 2 (0.75%) Calypso
7 2 (0.75%) Reuters
8 1 (0.38%) Informatica