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 1 June 2024 with a comparison to the same period over the previous 2 years.

6 months to
1 Jun 2024
Same period 2023 Same period 2022
Rank 209 224 290
Rank change year-on-year +15 +66 +4
Contract jobs citing Derivative 488 665 831
As % of all contract jobs advertised in the UK 1.13% 1.19% 0.95%
As % of the Miscellaneous category 3.77% 3.56% 2.86%
Number of daily rates quoted 437 574 700
10th Percentile £573 £525 £531
25th Percentile £650 £613 £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 £863
UK excluding London median daily rate £638 £800 £540
% change year-on-year -20.31% +48.15% +13.68%
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 12,955 18,685 29,032
As % of all contract IT jobs advertised in the UK 30.09% 33.33% 33.14%
Number of daily rates quoted 8,317 12,877 20,364
10th Percentile £270 £313 £315
25th Percentile £413 £450 £438
Median daily rate (50th Percentile) £538 £550 £550
Median % change year-on-year -2.18% - +10.00%
75th Percentile £663 £678 £663
90th Percentile £800 £800 £770
UK excluding London median daily rate £500 £500 £488
% change year-on-year - +2.56% +11.43%
Number of hourly rates quoted 922 612 691
10th Percentile £12.25 £9.80 £14.25
25th Percentile £15.18 £10.63 £17.19
Median hourly rate £35.00 £22.13 £26.98
Median % change year-on-year +58.19% -17.99% +5.80%
75th Percentile £61.30 £60.00 £50.00
90th Percentile £71.25 £74.93 £65.76
UK excluding London median hourly rate £34.61 £22.00 £21.25
% change year-on-year +57.30% +3.53% -7.61%

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 1 June 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 1 June 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 +7 485 £750 +3.45% 150
London +16 470 £750 +3.45% 139
Work from Home +100 272 £800 +10.34% 45
UK excluding London +33 11 £638 -20.31% 9
North of England +28 6 £638 - 4
North West +26 6 £638 - 2
South East +8 4 - -
South West +6 1 - - 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
1 119 (24.39%) Apache Airflow
2 118 (24.18%) Apache
3 11 (2.25%) Confluence
4 7 (1.43%) SAS
5 3 (0.61%) Microsoft Exchange
6 2 (0.41%) Apache Spark
Applications
1 27 (5.53%) Microsoft Excel
2 15 (3.07%) Microsoft PowerPoint
3 14 (2.87%) MS Visio
4 5 (1.02%) Microsoft Project
5 2 (0.41%) Microsoft Office
5 2 (0.41%) Mingle
6 1 (0.20%) Spreadsheet
Business Applications
1 15 (3.07%) Aladdin
2 10 (2.05%) ION MarketView
3 4 (0.82%) Markit EDM
3 4 (0.82%) thinkFolio
4 3 (0.61%) IntelliMatch
4 3 (0.61%) ION Anvil
5 2 (0.41%) Endur
5 2 (0.41%) Fidessa
6 1 (0.20%) Loan IQ
Cloud Services
1 208 (42.62%) AWS
2 119 (24.39%) dbt
3 103 (21.11%) Snowflake
4 100 (20.49%) GCP
5 82 (16.80%) Azure
6 18 (3.69%) Azure DevOps
7 11 (2.25%) GitHub
8 7 (1.43%) Azure Cosmos DB
9 6 (1.23%) Azure App Service
9 6 (1.23%) Azure Service Bus
9 6 (1.23%) Power Platform
10 5 (1.02%) npm
10 5 (1.02%) Yarn
11 4 (0.82%) Amazon EC2
11 4 (0.82%) Amazon S3
11 4 (0.82%) Collibra
12 1 (0.20%) Figma
12 1 (0.20%) OpenShift
Communications & Networking
1 14 (2.87%) FIX Connectivity
2 1 (0.20%) Multicast
2 1 (0.20%) Wireshark
Database & Business Intelligence
1 119 (24.39%) Apache Arrow
1 119 (24.39%) Dremio
2 113 (23.16%) Amazon Athena
3 110 (22.54%) Apache Ignite
4 109 (22.34%) Data Lake
5 21 (4.30%) Relational Database
6 17 (3.48%) SQL Server
7 13 (2.66%) NoSQL
8 8 (1.64%) KDB
9 7 (1.43%) Tableau
10 6 (1.23%) Big Data
10 6 (1.23%) Power BI
11 5 (1.02%) Data Mart
11 5 (1.02%) Oracle Database
11 5 (1.02%) PostgreSQL
12 4 (0.82%) Metadata
12 4 (0.82%) Oracle Reports
13 3 (0.61%) MySQL
14 2 (0.41%) Hadoop
15 1 (0.20%) Elasticsearch
Development Applications
1 23 (4.71%) JIRA
2 17 (3.48%) TeamCity
3 13 (2.66%) SpecFlow
4 11 (2.25%) Visual Studio
5 8 (1.64%) Git
6 7 (1.43%) Jenkins
7 6 (1.23%) MLflow
8 5 (1.02%) JUnit
8 5 (1.02%) webpack
9 4 (0.82%) Bitbucket
9 4 (0.82%) Mockito
9 4 (0.82%) Moq
9 4 (0.82%) Octopus Deploy
10 3 (0.61%) FitNesse
10 3 (0.61%) Selenium
11 2 (0.41%) Babel
11 2 (0.41%) Cucumber
11 2 (0.41%) Gradle
11 2 (0.41%) IntelliJ
11 2 (0.41%) Team Foundation Server
General
1 405 (82.99%) Finance
2 325 (66.60%) Front Office
3 279 (57.17%) Banking
4 192 (39.34%) Investment Banking
5 53 (10.86%) Social Skills
6 47 (9.63%) Analytical Skills
7 40 (8.20%) Back Office
8 10 (2.05%) Financial Institution
9 9 (1.84%) Presentation Skills
10 4 (0.82%) Corporate Banking
10 4 (0.82%) Prime Brokerage
10 4 (0.82%) Synthetic Prime Brokerage
11 2 (0.41%) Agriculture
11 2 (0.41%) General Ledger
12 1 (0.20%) Influencing Skills
12 1 (0.20%) International Banking
12 1 (0.20%) Legal
12 1 (0.20%) Marketing
12 1 (0.20%) Public Sector
Job Titles
1 209 (42.83%) Developer
2 109 (22.34%) Analyst
3 105 (21.52%) Software Engineer
4 95 (19.47%) Senior
5 67 (13.73%) Business Analyst
6 62 (12.70%) Lead
7 57 (11.68%) Developer/Software Engineer
8 54 (11.07%) Python Developer
9 53 (10.86%) Finance Manager
9 53 (10.86%) Java Developer
10 52 (10.66%) Financial Analyst
11 46 (9.43%) Python Engineer
11 46 (9.43%) Python Software Engineer
11 46 (9.43%) Senior Software Engineer
12 41 (8.40%) Java Engineer
13 40 (8.20%) Java Software Engineer
13 40 (8.20%) Quantitative Developer
14 36 (7.38%) AWS Engineer
14 36 (7.38%) AWS Software Engineer
15 33 (6.76%) Lead Developer
Libraries, Frameworks & Software Standards
1 133 (27.25%) Pandas
2 127 (26.02%) NumPy
3 121 (24.80%) SciPy
4 120 (24.59%) gRPC
5 118 (24.18%) Protocol Buffers
6 49 (10.04%) React
7 45 (9.22%) .NET
8 31 (6.35%) FIX Protocol
9 26 (5.33%) Redux
10 22 (4.51%) AngularJS
11 17 (3.48%) Spring
12 15 (3.07%) .NET Core
12 15 (3.07%) XML
13 13 (2.66%) CSS
14 12 (2.46%) Vue
15 11 (2.25%) HTML
16 9 (1.84%) ASP.NET
16 9 (1.84%) ASP.NET Core
16 9 (1.84%) Kafka
17 8 (1.64%) .NET Framework
Miscellaneous
1 245 (50.20%) Fixed Income
2 233 (47.75%) Equities
3 228 (46.72%) Hedge funds
4 222 (45.49%) Foreign Exchange (FX)
5 42 (8.61%) Equity Derivative
6 40 (8.20%) Product Ownership
7 30 (6.15%) Algorithms
8 17 (3.48%) Data Structures
9 16 (3.28%) Credit Derivative
10 14 (2.87%) Pricing Data
11 10 (2.05%) Distributed Systems
11 10 (2.05%) OTC Derivatives
12 9 (1.84%) Enterprise Software
13 8 (1.64%) Interest Rate Derivative
13 8 (1.64%) SWIFT Messaging Network
14 7 (1.43%) Data Protection Act
15 6 (1.23%) Market Risk
16 5 (1.02%) Onboarding
17 4 (0.82%) Distributed Computing
17 4 (0.82%) Self-Motivation
Operating Systems
1 34 (6.97%) Linux
2 24 (4.92%) Unix
3 7 (1.43%) Windows
4 2 (0.41%) Apple iOS
5 1 (0.20%) Red Hat Enterprise Linux
Processes & Methodologies
1 248 (50.82%) Agile
2 225 (46.11%) Asset Management
3 190 (38.93%) Investment Management
4 177 (36.27%) Software Engineering
5 60 (12.30%) DevOps
6 59 (12.09%) TDD
7 56 (11.48%) Analytics
8 52 (10.66%) Line Management
9 45 (9.22%) Greeks
10 43 (8.81%) Mathematics
10 43 (8.81%) Mentoring
11 42 (8.61%) Computer Science
12 41 (8.40%) Electronic Trading
13 40 (8.20%) Risk Management
14 37 (7.58%) CI/CD
15 35 (7.17%) Fintech
16 32 (6.56%) Test Automation
17 31 (6.35%) Problem-Solving
18 29 (5.94%) Artificial Intelligence
18 29 (5.94%) Machine Learning
Programming Languages
1 277 (56.76%) Python
2 189 (38.73%) Java
3 156 (31.97%) JavaScript
4 150 (30.74%) TypeScript
5 148 (30.33%) SQL
6 102 (20.90%) C#
7 63 (12.91%) C++
8 20 (4.10%) R
9 15 (3.07%) Scala
10 12 (2.46%) Rust
11 6 (1.23%) Ruby
12 5 (1.02%) PowerShell
12 5 (1.02%) VBA
13 4 (0.82%) Bicep
14 3 (0.61%) Perl
15 2 (0.41%) Haskell
16 1 (0.20%) Bash
16 1 (0.20%) C
16 1 (0.20%) Groovy
16 1 (0.20%) Shell Script
Qualifications
1 61 (12.50%) Degree
2 20 (4.10%) Computer Science Degree
2 20 (4.10%) Numerate Degree
3 17 (3.48%) Master's Degree
4 3 (0.61%) PhD
5 2 (0.41%) CISA
5 2 (0.41%) CISM
5 2 (0.41%) CISSP
6 1 (0.20%) APMP
Quality Assurance & Compliance
1 48 (9.84%) Data Quality
2 44 (9.02%) QA
3 14 (2.87%) EMIR
4 13 (2.66%) MiFID
5 7 (1.43%) Dodd-Frank
6 5 (1.02%) SEPA
7 4 (0.82%) IFRS
8 2 (0.41%) Basel III
8 2 (0.41%) GAAP
9 1 (0.20%) FINREP
9 1 (0.20%) IFRS 9
9 1 (0.20%) PMO
System Software
1 8 (1.64%) Docker
Systems Management
1 12 (2.46%) ITRS Geneos
2 8 (1.64%) Kubernetes
3 5 (1.02%) Grafana
4 4 (0.82%) Control-M
5 3 (0.61%) Ansible
6 1 (0.20%) Puppet
Vendors
1 47 (9.63%) Bloomberg
2 26 (5.33%) ION Trading
3 19 (3.89%) Oracle
4 12 (2.46%) BISAM
4 12 (2.46%) Tradeweb
5 11 (2.25%) MarketAxess
6 7 (1.43%) Microsoft
7 6 (1.23%) Databricks
7 6 (1.23%) Murex
8 5 (1.02%) Dynatrace
8 5 (1.02%) IBM
9 3 (0.61%) Atlassian
9 3 (0.61%) Calypso
9 3 (0.61%) Refinitiv
10 2 (0.41%) CA Agile Central
10 2 (0.41%) Charles River
10 2 (0.41%) Reuters
11 1 (0.20%) Informatica
11 1 (0.20%) Red Hat
11 1 (0.20%) SimCorp