Derivative Contracts

Derivatives
UK

The table below looks at the prevalence of the term Derivative in contract job vacancies. 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 215 235 305
Rank change year-on-year +20 +70 -23
Contract jobs citing Derivative 480 647 798
As % of all contract jobs advertised in the UK 1.13% 1.14% 0.91%
As % of the Miscellaneous category 3.73% 3.41% 2.75%
Number of daily rates quoted 432 555 673
10th Percentile £552 £550 £531
25th Percentile £647 £625 £550
Median daily rate (50th Percentile) £750 £725 £675
Median % change year-on-year +3.45% +7.41% +10.20%
75th Percentile £850 £835 £763
90th Percentile £888 £1,000 £885
UK excluding London median daily rate £638 £800 £530
% change year-on-year -20.31% +50.94% +11.58%
Number of hourly rates quoted 0 1 2
10th Percentile - - -
25th Percentile - - £31.65
Median hourly rate - £47.73 £32.40
Median % change year-on-year - +47.31% -
75th Percentile - - £33.15
90th Percentile - - -
UK excluding London median hourly rate - £47.73 £32.40
% change year-on-year - +47.31% -

All Generic Skills
UK

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 requirement for generic IT skills.

Contract vacancies with a requirement for generic IT skills 12,877 18,959 28,967
As % of all contract IT jobs advertised in the UK 30.26% 33.28% 33.12%
Number of daily rates quoted 8,295 13,044 20,250
10th Percentile £268 £313 £313
25th Percentile £413 £450 £438
Median daily rate (50th Percentile) £540 £550 £550
Median % change year-on-year -1.82% - +10.00%
75th Percentile £668 £676 £660
90th Percentile £800 £800 £763
UK excluding London median daily rate £500 £500 £475
% change year-on-year - +5.26% +9.83%
Number of hourly rates quoted 892 627 718
10th Percentile £12.25 £9.80 £14.25
25th Percentile £15.13 £10.63 £17.19
Median hourly rate £31.38 £22.49 £27.50
Median % change year-on-year +39.54% -18.24% +4.05%
75th Percentile £61.30 £63.75 £50.00
90th Percentile £70.00 £75.00 £66.00
UK excluding London median hourly rate £29.25 £22.00 £21.13
% change year-on-year +32.95% +4.14% -11.98%

Derivative
Job Vacancy Trend

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

Job vacancy trend for Derivative in the UK

Derivative
Contractor Daily Rate Trend

3-month moving average daily rate quoted in jobs citing Derivative.

Daily rate trend for Derivative in the UK

Derivative
Daily Rate Histogram

Daily rate distribution for jobs citing Derivative over the 6 months to 16 May 2024.

Daily rate histogram for Derivative in the UK

Derivative
Contractor Hourly Rate Trend

3-month moving average hourly rates quoted in jobs citing Derivative.

Hourly rate trend for Derivative in the UK

Derivative
Top 8 Contract Locations

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Derivative within the UK over the 6 months to 16 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
Contract
IT Job Ads
Median
Daily Rate
Past 6 Months
Median Daily Rate
% Change
on Same Period
Last Year
Live
Jobs
England +19 477 £750 +1.35% 154
London +26 466 £750 +3.45% 146
Work from Home +113 266 £800 +10.34% 61
UK excluding London +41 7 £638 -20.31% 12
North of England +29 4 £638 - 4
North West +22 4 £638 - 3
South East +6 2 - - 1
South West +10 1 - -

Derivative
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
1 101 (21.04%) Apache Airflow
2 95 (19.79%) Apache
3 13 (2.71%) Confluence
4 7 (1.46%) SAS
5 3 (0.63%) Microsoft Exchange
6 2 (0.42%) Apache Spark
Applications
1 35 (7.29%) Microsoft Excel
2 21 (4.38%) Microsoft PowerPoint
3 15 (3.13%) MS Visio
4 8 (1.67%) Microsoft Project
5 5 (1.04%) Microsoft Office
6 2 (0.42%) Mingle
7 1 (0.21%) Spreadsheet
Business Applications
1 16 (3.33%) Aladdin
2 9 (1.88%) ION MarketView
3 6 (1.25%) Loan IQ
4 4 (0.83%) Markit EDM
4 4 (0.83%) thinkFolio
5 3 (0.63%) IntelliMatch
5 3 (0.63%) ION Anvil
6 2 (0.42%) Endur
6 2 (0.42%) Fidessa
Cloud Services
1 189 (39.38%) AWS
2 97 (20.21%) GCP
3 96 (20.00%) dbt
4 85 (17.71%) Azure
4 85 (17.71%) Snowflake
5 17 (3.54%) Azure DevOps
6 11 (2.29%) GitHub
7 5 (1.04%) Azure Cosmos DB
7 5 (1.04%) npm
7 5 (1.04%) Yarn
8 4 (0.83%) Amazon EC2
8 4 (0.83%) Amazon S3
8 4 (0.83%) Azure App Service
8 4 (0.83%) Azure Service Bus
8 4 (0.83%) Collibra
9 1 (0.21%) Figma
9 1 (0.21%) OpenShift
9 1 (0.21%) Power Platform
Communications & Networking
1 15 (3.13%) FIX Connectivity
2 1 (0.21%) Multicast
2 1 (0.21%) Wireshark
Database & Business Intelligence
1 96 (20.00%) Apache Arrow
1 96 (20.00%) Dremio
2 95 (19.79%) Amazon Athena
3 92 (19.17%) Apache Ignite
4 86 (17.92%) Data Lake
5 23 (4.79%) Relational Database
6 19 (3.96%) SQL Server
7 13 (2.71%) NoSQL
8 8 (1.67%) KDB
9 6 (1.25%) Data Mart
10 5 (1.04%) Oracle Database
10 5 (1.04%) PostgreSQL
11 4 (0.83%) Metadata
11 4 (0.83%) Oracle Reports
12 3 (0.63%) MySQL
13 2 (0.42%) Hadoop
13 2 (0.42%) Tableau
14 1 (0.21%) Big Data
14 1 (0.21%) DataStax
14 1 (0.21%) Elasticsearch
Development Applications
1 25 (5.21%) JIRA
2 18 (3.75%) TeamCity
3 11 (2.29%) SpecFlow
4 10 (2.08%) Visual Studio
5 7 (1.46%) Git
6 6 (1.25%) Jenkins
6 6 (1.25%) MLflow
7 5 (1.04%) JUnit
7 5 (1.04%) webpack
8 4 (0.83%) Bitbucket
8 4 (0.83%) Mockito
8 4 (0.83%) Moq
8 4 (0.83%) Octopus Deploy
9 2 (0.42%) Babel
9 2 (0.42%) Cucumber
9 2 (0.42%) FitNesse
9 2 (0.42%) Gradle
9 2 (0.42%) IntelliJ
9 2 (0.42%) Selenium
9 2 (0.42%) Team Foundation Server
General
1 395 (82.29%) Finance
2 316 (65.83%) Front Office
3 272 (56.67%) Banking
4 179 (37.29%) Investment Banking
5 58 (12.08%) Social Skills
6 48 (10.00%) Back Office
7 47 (9.79%) Analytical Skills
8 14 (2.92%) Financial Institution
9 8 (1.67%) Presentation Skills
10 5 (1.04%) Prime Brokerage
10 5 (1.04%) Synthetic Prime Brokerage
11 4 (0.83%) Corporate Banking
11 4 (0.83%) Public Sector
12 2 (0.42%) General Ledger
13 1 (0.21%) Agriculture
13 1 (0.21%) Influencing Skills
13 1 (0.21%) International Banking
13 1 (0.21%) Legal
13 1 (0.21%) Marketing
Job Titles
1 206 (42.92%) Developer
2 110 (22.92%) Analyst
3 93 (19.38%) Software Engineer
4 90 (18.75%) Senior
5 68 (14.17%) Business Analyst
6 57 (11.88%) Finance Manager
7 56 (11.67%) Lead
8 55 (11.46%) Developer/Software Engineer
9 52 (10.83%) Financial Analyst
10 51 (10.63%) Java Developer
11 50 (10.42%) Python Developer
12 38 (7.92%) Python Engineer
12 38 (7.92%) Python Software Engineer
12 38 (7.92%) Quantitative Developer
12 38 (7.92%) Senior Software Engineer
13 32 (6.67%) Java Engineer
13 32 (6.67%) Java Software Engineer
14 31 (6.46%) Front Office Developer
14 31 (6.46%) Senior Developer
15 29 (6.04%) Software Developer
Libraries, Frameworks & Software Standards
1 115 (23.96%) Pandas
2 109 (22.71%) NumPy
3 103 (21.46%) SciPy
4 102 (21.25%) gRPC
5 100 (20.83%) Protocol Buffers
6 51 (10.63%) React
7 46 (9.58%) .NET
8 33 (6.88%) FIX Protocol
9 28 (5.83%) Redux
10 22 (4.58%) AngularJS
11 16 (3.33%) XML
12 15 (3.13%) .NET Core
12 15 (3.13%) Spring
13 14 (2.92%) Vue
14 13 (2.71%) CSS
15 11 (2.29%) ASP.NET
15 11 (2.29%) ASP.NET Core
15 11 (2.29%) HTML
16 8 (1.67%) .NET Framework
16 8 (1.67%) Kafka
Miscellaneous
1 235 (48.96%) Fixed Income
2 219 (45.63%) Equities
2 219 (45.63%) Hedge funds
3 196 (40.83%) Foreign Exchange (FX)
4 44 (9.17%) Equity Derivative
5 41 (8.54%) Product Ownership
6 29 (6.04%) Algorithms
7 17 (3.54%) Credit Derivative
8 16 (3.33%) Data Structures
9 12 (2.50%) Distributed Systems
10 10 (2.08%) Pricing Data
11 9 (1.88%) Enterprise Software
11 9 (1.88%) OTC Derivatives
12 8 (1.67%) Interest Rate Derivative
12 8 (1.67%) SWIFT Messaging Network
13 7 (1.46%) Data Protection Act
13 7 (1.46%) Market Risk
14 5 (1.04%) Onboarding
15 4 (0.83%) Public Cloud
16 3 (0.63%) Self-Motivation
Operating Systems
1 30 (6.25%) Linux
2 22 (4.58%) Unix
3 7 (1.46%) Windows
4 4 (0.83%) Apple iOS
5 1 (0.21%) Red Hat Enterprise Linux
Processes & Methodologies
1 233 (48.54%) Agile
2 217 (45.21%) Asset Management
3 190 (39.58%) Investment Management
4 162 (33.75%) Software Engineering
5 60 (12.50%) DevOps
6 58 (12.08%) TDD
7 48 (10.00%) Analytics
8 47 (9.79%) Mentoring
9 46 (9.58%) Mathematics
10 44 (9.17%) Line Management
11 42 (8.75%) Computer Science
11 42 (8.75%) Greeks
11 42 (8.75%) Risk Management
12 39 (8.13%) Electronic Trading
13 37 (7.71%) Fintech
14 36 (7.50%) CI/CD
15 35 (7.29%) Problem-Solving
16 32 (6.67%) Test Automation
17 30 (6.25%) Artificial Intelligence
17 30 (6.25%) Machine Learning
Programming Languages
1 259 (53.96%) Python
2 167 (34.79%) Java
3 151 (31.46%) SQL
4 140 (29.17%) JavaScript
5 132 (27.50%) TypeScript
6 114 (23.75%) C#
7 59 (12.29%) C++
8 23 (4.79%) R
9 14 (2.92%) Scala
10 12 (2.50%) Rust
11 6 (1.25%) Ruby
12 5 (1.04%) PowerShell
12 5 (1.04%) VBA
13 4 (0.83%) Bicep
14 2 (0.42%) Haskell
14 2 (0.42%) Perl
15 1 (0.21%) Bash
15 1 (0.21%) C
15 1 (0.21%) Groovy
15 1 (0.21%) Shell Script
Qualifications
1 64 (13.33%) Degree
2 22 (4.58%) Numerate Degree
3 20 (4.17%) Computer Science Degree
4 18 (3.75%) Master's Degree
5 4 (0.83%) APMP
6 3 (0.63%) PhD
7 2 (0.42%) CISA
7 2 (0.42%) CISM
7 2 (0.42%) CISSP
Quality Assurance & Compliance
1 48 (10.00%) QA
2 42 (8.75%) Data Quality
3 15 (3.13%) EMIR
3 15 (3.13%) MiFID
4 8 (1.67%) Dodd-Frank
5 6 (1.25%) PMO
6 5 (1.04%) SEPA
7 4 (0.83%) IFRS
8 2 (0.42%) Basel III
8 2 (0.42%) GAAP
9 1 (0.21%) FINREP
9 1 (0.21%) IFRS 9
System Software
1 8 (1.67%) Docker
Systems Management
1 13 (2.71%) ITRS Geneos
2 8 (1.67%) Kubernetes
3 5 (1.04%) Grafana
4 4 (0.83%) Control-M
5 3 (0.63%) Ansible
6 1 (0.21%) Puppet
Vendors
1 48 (10.00%) Bloomberg
2 25 (5.21%) ION Trading
3 19 (3.96%) Oracle
4 12 (2.50%) BISAM
4 12 (2.50%) MarketAxess
4 12 (2.50%) Tradeweb
5 11 (2.29%) Microsoft
6 7 (1.46%) Murex
7 6 (1.25%) Databricks
8 5 (1.04%) Dynatrace
8 5 (1.04%) IBM
9 3 (0.63%) Atlassian
9 3 (0.63%) Refinitiv
10 2 (0.42%) CA Agile Central
10 2 (0.42%) Calypso
10 2 (0.42%) Charles River
10 2 (0.42%) Reuters
11 1 (0.21%) Informatica
11 1 (0.21%) Red Hat
11 1 (0.21%) SimCorp