Market Risk Contracts with Work from Home Options

Market Risk
UK > Work from Home

The table below looks at the prevalence of the term Market Risk 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 Market Risk over the 6 months to 22 May 2024 with a comparison to the same period over the previous 2 years.

6 months to
22 May 2024
Same period 2023 Same period 2022
Rank 328 384 574
Rank change year-on-year +56 +190 -118
Contract jobs citing Market Risk 16 79 42
As % of all contract jobs with a WFH option 0.11% 0.32% 0.095%
As % of the Miscellaneous category 0.38% 1.02% 0.30%
Number of daily rates quoted 6 52 30
10th Percentile £566 £560 £594
25th Percentile £631 £656 £655
Median daily rate (50th Percentile) £750 £825 £750
Median % change year-on-year -9.09% +10.00% +15.38%
75th Percentile £925 £950 £825
90th Percentile £1,013 £960 £838
UK median daily rate £775 £775 £700
% change year-on-year - +10.71% +7.69%

All Generic Skills
Work from Home

Market Risk 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 4,235 7,718 13,928
As % of all contract jobs with a WFH option 28.93% 31.54% 31.57%
Number of daily rates quoted 2,900 5,457 9,985
10th Percentile £325 £370 £363
25th Percentile £440 £456 £439
Median daily rate (50th Percentile) £550 £550 £543
Median % change year-on-year - +1.29% +8.60%
75th Percentile £675 £686 £650
90th Percentile £825 £798 £750
UK median daily rate £538 £550 £550
% change year-on-year -2.18% - +10.00%
Number of hourly rates quoted 184 149 225
10th Percentile £15.73 £19.00 £14.08
25th Percentile £25.50 £25.71 £20.75
Median hourly rate £52.50 £52.50 £44.50
Median % change year-on-year - +17.98% +42.74%
75th Percentile £70.00 £70.00 £60.00
90th Percentile £72.50 £80.35 £67.50
UK median hourly rate £32.50 £22.08 £27.00
% change year-on-year +47.19% -18.22% +3.85%

Market Risk
Trend for Jobs with a WFH Option

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

Market Risk trend for jobs with a WFH option

Market Risk
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 Market Risk.

Market Risk daily rate for jobs with a WFH option

Market Risk
Daily Rate Histogram for Jobs with a WFH Option

Daily rate distribution for jobs with a work from home option citing Market Risk over the 6 months to 22 May 2024.

Market Risk daily rate histogram for jobs with a WFH option

Market Risk
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 3 (18.75%) MTS
Business Applications
1 3 (18.75%) Aligne
1 3 (18.75%) Endur
1 3 (18.75%) EuroRunner
Cloud Services
1 3 (18.75%) Power Platform
2 2 (12.50%) Azure
3 1 (6.25%) Amazon S3
3 1 (6.25%) Azure DevOps
Database & Business Intelligence
1 3 (18.75%) Power BI
2 1 (6.25%) Oracle Database
2 1 (6.25%) Oracle Exadata
2 1 (6.25%) Relational Database
General
1 10 (62.50%) Finance
2 8 (50.00%) Front Office
3 5 (31.25%) Analytical Skills
4 4 (25.00%) Banking
5 3 (18.75%) Back Office
6 2 (12.50%) Investment Banking
Job Titles
1 9 (56.25%) Analyst
2 4 (25.00%) Business Analyst
3 3 (18.75%) Risk Analyst
4 2 (12.50%) Developer
4 2 (12.50%) Pricing Analyst
4 2 (12.50%) Qualitative Analyst
4 2 (12.50%) Quantitative Analyst
4 2 (12.50%) Quantitative Risk Analyst
5 1 (6.25%) Azure Engineer
5 1 (6.25%) Business Systems Analyst
5 1 (6.25%) Credit Risk Manager
5 1 (6.25%) Data Science Developer
5 1 (6.25%) Python Developer
5 1 (6.25%) Quality Analyst
5 1 (6.25%) R Developer
5 1 (6.25%) Risk Business Analyst
5 1 (6.25%) Risk Manager
5 1 (6.25%) Senior
5 1 (6.25%) Senior Developer
5 1 (6.25%) Test Automation Engineer
Libraries, Frameworks & Software Standards
1 1 (6.25%) .NET
1 1 (6.25%) Gherkin
1 1 (6.25%) ODBC
1 1 (6.25%) Shiny
Miscellaneous
1 2 (12.50%) Credit Risk
1 2 (12.50%) Derivative
1 2 (12.50%) Equities
1 2 (12.50%) Equity Derivative
1 2 (12.50%) Reinsurance
2 1 (6.25%) Blog
2 1 (6.25%) Data Centre
2 1 (6.25%) Management Information System
Operating Systems
1 1 (6.25%) Unix
Processes & Methodologies
1 5 (31.25%) Agile
2 4 (25.00%) Project Delivery
2 4 (25.00%) Risk Management
3 3 (18.75%) Business Intelligence
3 3 (18.75%) Change Management
3 3 (18.75%) Data Analysis
3 3 (18.75%) DevOps
3 3 (18.75%) ETRM
4 2 (12.50%) Backtesting
4 2 (12.50%) CI/CD
4 2 (12.50%) OO
4 2 (12.50%) Project Management
4 2 (12.50%) Scaled Agile Framework
4 2 (12.50%) Time Series Analysis
5 1 (6.25%) Architectural Patterns
5 1 (6.25%) Business Strategy
5 1 (6.25%) Code Quality
5 1 (6.25%) End-to-End Testing
5 1 (6.25%) Requirements Gathering
5 1 (6.25%) Vulnerability Remediation
Programming Languages
1 8 (50.00%) SQL
2 3 (18.75%) Python
3 1 (6.25%) Java
3 1 (6.25%) Jython
3 1 (6.25%) R
Quality Assurance & Compliance
1 2 (12.50%) PMO
Systems Management
1 1 (6.25%) Oracle Enterprise Manager
Vendors
1 1 (6.25%) Microsoft
1 1 (6.25%) Oracle