Fixed Income Contracts with Work from Home Options

Fixed Income
UK > Work from Home

The table below looks at the prevalence of the term Fixed Income 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 Fixed Income 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 150 254 381
Rank change year-on-year +104 +127 +10
Contract jobs citing Fixed Income 221 227 254
As % of all contract jobs with a WFH option 1.49% 0.92% 0.58%
As % of the Miscellaneous category 5.20% 2.92% 1.83%
Number of daily rates quoted 211 196 186
10th Percentile £650 £475 £500
25th Percentile £700 £581 £638
Median daily rate (50th Percentile) £800 £725 £743
Median % change year-on-year +10.34% -2.36% +14.23%
75th Percentile £888 £855 £838
90th Percentile £1,000 £950 £888
UK median daily rate £750 £725 £700
% change year-on-year +3.45% +3.57% +7.69%

All Generic Skills
Work from Home

Fixed Income 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%

Fixed Income
Trend for Jobs with a WFH Option

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

Fixed Income trend for jobs with a WFH option

Fixed Income
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 Fixed Income.

Fixed Income daily rate for jobs with a WFH option

Fixed Income
Daily Rate Histogram for Jobs with a WFH Option

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

Fixed Income daily rate histogram for jobs with a WFH option

Fixed Income
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
1 103 (46.61%) Apache Airflow
2 96 (43.44%) Apache
3 4 (1.81%) Confluence
4 2 (0.90%) Microsoft Exchange
Applications
1 14 (6.33%) Microsoft Excel
2 8 (3.62%) Microsoft PowerPoint
3 4 (1.81%) Microsoft Office
3 4 (1.81%) Microsoft Project
3 4 (1.81%) MS Visio
4 1 (0.45%) Spreadsheet
Business Applications
1 4 (1.81%) Loan IQ
2 3 (1.36%) Orchestrade
2 3 (1.36%) RMDS
3 1 (0.45%) ION MarketView
Cloud Services
1 142 (64.25%) AWS
2 91 (41.18%) dbt
3 85 (38.46%) GCP
4 74 (33.48%) Snowflake
5 24 (10.86%) Azure
6 1 (0.45%) Power Platform
Communications & Networking
1 5 (2.26%) FIX Connectivity
Database & Business Intelligence
1 94 (42.53%) Apache Ignite
2 91 (41.18%) Apache Arrow
2 91 (41.18%) Dremio
3 90 (40.72%) Amazon Athena
4 75 (33.94%) Data Lake
5 4 (1.81%) Relational Database
6 2 (0.90%) Data Mart
6 2 (0.90%) KDB
6 2 (0.90%) PostgreSQL
6 2 (0.90%) SQL Server
7 1 (0.45%) Big Data
7 1 (0.45%) MongoDB
7 1 (0.45%) MySQL
7 1 (0.45%) Power BI
7 1 (0.45%) Tableau
Development Applications
1 13 (5.88%) Git
2 9 (4.07%) git-flow
3 4 (1.81%) JIRA
3 4 (1.81%) TeamCity
3 4 (1.81%) Visual Studio
General
1 181 (81.90%) Finance
2 174 (78.73%) Front Office
3 131 (59.28%) Banking
4 114 (51.58%) Investment Banking
5 14 (6.33%) Social Skills
6 12 (5.43%) Financial Institution
7 11 (4.98%) Analytical Skills
8 8 (3.62%) Marketing
9 4 (1.81%) Public Sector
Job Titles
1 114 (51.58%) Developer
2 82 (37.10%) Software Engineer
3 54 (24.43%) Developer/Software Engineer
4 53 (23.98%) Senior
5 45 (20.36%) Python Engineer
5 45 (20.36%) Python Software Engineer
6 44 (19.91%) Python Developer
7 40 (18.10%) Lead
8 36 (16.29%) Senior Software Engineer
9 35 (15.84%) AWS Engineer
9 35 (15.84%) AWS Software Engineer
10 33 (14.93%) Java Developer
10 33 (14.93%) Java Engineer
11 32 (14.48%) Java Software Engineer
12 30 (13.57%) Finance Manager
12 30 (13.57%) Quantitative Developer
13 28 (12.67%) Analyst
14 26 (11.76%) Software Developer
15 25 (11.31%) Team Leader
16 24 (10.86%) Lead Developer
Libraries, Frameworks & Software Standards
1 103 (46.61%) gRPC
1 103 (46.61%) Protocol Buffers
2 94 (42.53%) Pandas
3 87 (39.37%) NumPy
3 87 (39.37%) SciPy
4 57 (25.79%) React
5 34 (15.38%) Redux
6 25 (11.31%) Node.js
7 23 (10.41%) Material-UI
8 19 (8.60%) AngularJS
8 19 (8.60%) FIX Protocol
9 14 (6.33%) CSS
10 13 (5.88%) Vue
11 10 (4.52%) WPF
12 9 (4.07%) Jest
12 9 (4.07%) LESS
12 9 (4.07%) OpenFin
12 9 (4.07%) Sass
12 9 (4.07%) Tailwind CSS
12 9 (4.07%) WebSockets
Miscellaneous
1 135 (61.09%) Derivative
2 127 (57.47%) Equities
3 118 (53.39%) Hedge funds
4 115 (52.04%) Foreign Exchange (FX)
5 18 (8.14%) Product Ownership
6 10 (4.52%) Pricing Data
7 9 (4.07%) Enterprise Software
8 7 (3.17%) Algorithms
9 4 (1.81%) Distributed Computing
10 3 (1.36%) Greenfield Project
11 2 (0.90%) Distributed Systems
11 2 (0.90%) Equity Derivative
12 1 (0.45%) Credit Derivative
12 1 (0.45%) Data Structures
12 1 (0.45%) Legacy Systems
Operating Systems
1 8 (3.62%) Unix
2 4 (1.81%) Linux
2 4 (1.81%) Windows
Processes & Methodologies
1 151 (68.33%) Agile
2 144 (65.16%) Asset Management
3 136 (61.54%) Software Engineering
4 119 (53.85%) Investment Management
5 38 (17.19%) Analytics
6 37 (16.74%) Electronic Trading
7 33 (14.93%) Line Management
8 31 (14.03%) Greeks
9 26 (11.76%) User Experience
10 23 (10.41%) Front End Development
11 22 (9.95%) Fintech
11 22 (9.95%) Performance Attribution
12 19 (8.60%) Product Management
13 16 (7.24%) Full Stack Development
13 16 (7.24%) Quantitative Research
14 13 (5.88%) Algorithmic Trading
14 13 (5.88%) Artificial Intelligence
14 13 (5.88%) Machine Learning
14 13 (5.88%) Mathematics
15 12 (5.43%) Problem-Solving
Programming Languages
1 156 (70.59%) Python
2 128 (57.92%) Java
3 125 (56.56%) JavaScript
4 123 (55.66%) TypeScript
5 30 (13.57%) SQL
6 22 (9.95%) C#
7 15 (6.79%) R
8 10 (4.52%) Scala
9 8 (3.62%) Kotlin
10 7 (3.17%) C++
11 6 (2.71%) Ruby
11 6 (2.71%) VBA
12 4 (1.81%) Perl
12 4 (1.81%) Shell Script
Qualifications
1 21 (9.50%) Degree
2 9 (4.07%) Numerate Degree
3 6 (2.71%) Computer Science Degree
4 4 (1.81%) APMP
5 3 (1.36%) Master's Degree
Quality Assurance & Compliance
1 31 (14.03%) Data Quality
2 4 (1.81%) PMO
2 4 (1.81%) QA
3 2 (0.90%) MiFID
Vendors
1 19 (8.60%) Bloomberg
2 11 (4.98%) ION Trading
3 5 (2.26%) MarketAxess
3 5 (2.26%) Tradeweb
4 4 (1.81%) Microsoft
5 3 (1.36%) Solace
6 2 (0.90%) Murex
6 2 (0.90%) Oracle