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

6 months to
8 Jun 2024
Same period 2023 Same period 2022
Rank 211 223 283
Rank change year-on-year +12 +60 +11
Contract jobs citing Derivative 490 668 843
As % of all contract jobs advertised in the UK 1.13% 1.20% 0.96%
As % of the Miscellaneous category 3.77% 3.61% 2.88%
Number of daily rates quoted 437 578 706
10th Percentile £583 £525 £528
25th Percentile £650 £613 £550
Median daily rate (50th Percentile) £775 £725 £675
Median % change year-on-year +6.90% +7.41% +8.00%
75th Percentile £850 £850 £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 12,981 18,515 29,316
As % of all contract IT jobs advertised in the UK 29.98% 33.24% 33.24%
Number of daily rates quoted 8,299 12,737 20,609
10th Percentile £274 £310 £315
25th Percentile £413 £446 £440
Median daily rate (50th Percentile) £538 £550 £550
Median % change year-on-year -2.27% - +10.00%
75th Percentile £660 £678 £663
90th Percentile £800 £800 £775
UK excluding London median daily rate £500 £500 £488
% change year-on-year - +2.56% +11.43%
Number of hourly rates quoted 927 612 694
10th Percentile £12.25 £9.80 £14.25
25th Percentile £15.24 £10.63 £17.50
Median hourly rate £35.50 £22.13 £26.99
Median % change year-on-year +60.45% -18.03% +5.84%
75th Percentile £61.30 £60.00 £50.58
90th Percentile £71.50 £74.93 £65.75
UK excluding London median hourly rate £35.00 £22.00 £21.50
% change year-on-year +59.09% +2.33% -6.52%

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 8 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 8 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 +7 487 £775 +4.73% 131
London +11 471 £800 +10.34% 120
Work from Home +97 278 £800 +10.34% 59
UK excluding London +34 12 £638 -20.31% 7
North of England +30 6 £638 - 3
North West +22 6 £638 - 1
South East +5 5 - - 1
South West +14 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
1 133 (27.14%) Apache
2 132 (26.94%) Apache Airflow
3 10 (2.04%) Confluence
4 7 (1.43%) SAS
5 3 (0.61%) Microsoft Exchange
6 2 (0.41%) Apache Spark
Applications
1 23 (4.69%) Microsoft Excel
2 12 (2.45%) Microsoft PowerPoint
2 12 (2.45%) MS Visio
3 3 (0.61%) Microsoft Project
4 2 (0.41%) Mingle
5 1 (0.20%) Microsoft Office
5 1 (0.20%) Spreadsheet
Business Applications
1 13 (2.65%) Aladdin
2 9 (1.84%) 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
Cloud Services
1 223 (45.51%) AWS
2 134 (27.35%) dbt
3 116 (23.67%) Snowflake
4 106 (21.63%) GCP
5 77 (15.71%) Azure
6 16 (3.27%) Azure DevOps
7 11 (2.24%) GitHub
8 8 (1.63%) Amazon EC2
8 8 (1.63%) Power Platform
9 7 (1.43%) Azure Cosmos DB
10 6 (1.22%) Azure App Service
10 6 (1.22%) Azure Service Bus
11 5 (1.02%) npm
11 5 (1.02%) Yarn
12 4 (0.82%) Amazon ECS
12 4 (0.82%) Amazon EKS
12 4 (0.82%) Amazon S3
13 3 (0.61%) Collibra
14 1 (0.20%) Figma
14 1 (0.20%) OpenShift
Communications & Networking
1 13 (2.65%) FIX Connectivity
2 1 (0.20%) Multicast
2 1 (0.20%) TCP/IP
2 1 (0.20%) Wireshark
Database & Business Intelligence
1 134 (27.35%) Apache Arrow
1 134 (27.35%) Dremio
2 126 (25.71%) Amazon Athena
3 124 (25.31%) Data Lake
4 123 (25.10%) Apache Ignite
5 21 (4.29%) Relational Database
6 16 (3.27%) SQL Server
7 14 (2.86%) NoSQL
8 9 (1.84%) Tableau
9 8 (1.63%) Big Data
9 8 (1.63%) KDB
9 8 (1.63%) Power BI
10 5 (1.02%) Data Mart
10 5 (1.02%) Oracle Database
10 5 (1.02%) PostgreSQL
11 4 (0.82%) Oracle Reports
12 3 (0.61%) Metadata
12 3 (0.61%) MySQL
13 2 (0.41%) Hadoop
14 1 (0.20%) Apache Cassandra
Development Applications
1 22 (4.49%) JIRA
2 16 (3.27%) TeamCity
3 11 (2.24%) SpecFlow
4 9 (1.84%) Visual Studio
5 8 (1.63%) Git
6 7 (1.43%) Jenkins
7 6 (1.22%) 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%) 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%) Moq
11 2 (0.41%) Team Foundation Server
General
1 411 (83.88%) Finance
2 334 (68.16%) Front Office
3 287 (58.57%) Banking
4 203 (41.43%) Investment Banking
5 53 (10.82%) Social Skills
6 48 (9.80%) Analytical Skills
7 35 (7.14%) Back Office
8 10 (2.04%) Financial Institution
9 8 (1.63%) Presentation Skills
10 4 (0.82%) Corporate Banking
11 3 (0.61%) Prime Brokerage
11 3 (0.61%) Synthetic Prime Brokerage
12 2 (0.41%) Agriculture
12 2 (0.41%) General Ledger
13 1 (0.20%) Influencing Skills
13 1 (0.20%) International Banking
13 1 (0.20%) Legal
13 1 (0.20%) Marketing
13 1 (0.20%) Telecoms
Job Titles
1 212 (43.27%) Developer
2 112 (22.86%) Software Engineer
3 108 (22.04%) Analyst
4 98 (20.00%) Senior
5 67 (13.67%) Business Analyst
5 67 (13.67%) Lead
6 60 (12.24%) Developer/Software Engineer
7 59 (12.04%) Python Developer
8 56 (11.43%) Java Developer
9 53 (10.82%) Finance Manager
9 53 (10.82%) Financial Analyst
10 51 (10.41%) Python Engineer
10 51 (10.41%) Python Software Engineer
11 50 (10.20%) Senior Software Engineer
12 46 (9.39%) Java Engineer
13 45 (9.18%) Java Software Engineer
14 42 (8.57%) AWS Engineer
14 42 (8.57%) AWS Software Engineer
15 40 (8.16%) Quantitative Developer
16 37 (7.55%) Lead Developer
Libraries, Frameworks & Software Standards
1 146 (29.80%) Pandas
2 140 (28.57%) NumPy
3 134 (27.35%) SciPy
4 133 (27.14%) gRPC
5 131 (26.73%) Protocol Buffers
6 49 (10.00%) React
7 42 (8.57%) .NET
8 27 (5.51%) FIX Protocol
9 25 (5.10%) Redux
10 22 (4.49%) AngularJS
11 17 (3.47%) Spring
12 15 (3.06%) .NET Core
13 14 (2.86%) XML
14 13 (2.65%) CSS
15 11 (2.24%) HTML
15 11 (2.24%) Vue
16 9 (1.84%) Kafka
17 8 (1.63%) ASP.NET
17 8 (1.63%) ASP.NET Core
18 7 (1.43%) Material-UI
Miscellaneous
1 258 (52.65%) Fixed Income
2 245 (50.00%) Equities
3 241 (49.18%) Foreign Exchange (FX)
4 236 (48.16%) Hedge funds
5 41 (8.37%) Product Ownership
6 39 (7.96%) Equity Derivative
7 30 (6.12%) Algorithms
8 18 (3.67%) Data Structures
9 16 (3.27%) Credit Derivative
9 16 (3.27%) Pricing Data
10 10 (2.04%) OTC Derivatives
11 9 (1.84%) Distributed Systems
11 9 (1.84%) Enterprise Software
12 8 (1.63%) Data Protection Act
12 8 (1.63%) SWIFT Messaging Network
13 6 (1.22%) Interest Rate Derivative
13 6 (1.22%) Market Risk
14 5 (1.02%) Onboarding
15 4 (0.82%) Public Cloud
15 4 (0.82%) Self-Motivation
Operating Systems
1 32 (6.53%) Linux
2 22 (4.49%) Unix
3 7 (1.43%) Windows
4 1 (0.20%) Apple iOS
4 1 (0.20%) Red Hat Enterprise Linux
Processes & Methodologies
1 261 (53.27%) Agile
2 233 (47.55%) Asset Management
3 189 (38.57%) Investment Management
4 188 (38.37%) Software Engineering
5 60 (12.24%) Line Management
6 58 (11.84%) Analytics
7 57 (11.63%) DevOps
8 56 (11.43%) TDD
9 47 (9.59%) Greeks
10 42 (8.57%) Computer Science
11 41 (8.37%) Mathematics
12 39 (7.96%) Mentoring
13 38 (7.76%) Risk Management
14 37 (7.55%) CI/CD
15 36 (7.35%) Electronic Trading
16 34 (6.94%) Fintech
17 31 (6.33%) Problem-Solving
17 31 (6.33%) Test Automation
18 29 (5.92%) Artificial Intelligence
18 29 (5.92%) Machine Learning
Programming Languages
1 290 (59.18%) Python
2 204 (41.63%) Java
3 170 (34.69%) JavaScript
4 163 (33.27%) TypeScript
5 149 (30.41%) SQL
6 94 (19.18%) C#
7 62 (12.65%) C++
8 19 (3.88%) R
9 15 (3.06%) Scala
10 12 (2.45%) Rust
11 6 (1.22%) 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%) Go
16 1 (0.20%) Groovy
16 1 (0.20%) Shell Script
Qualifications
1 59 (12.04%) Degree
2 21 (4.29%) Computer Science Degree
3 18 (3.67%) Numerate Degree
4 17 (3.47%) Master's Degree
5 3 (0.61%) PhD
6 2 (0.41%) CISA
6 2 (0.41%) CISM
6 2 (0.41%) CISSP
7 1 (0.20%) CIMA
Quality Assurance & Compliance
1 51 (10.41%) Data Quality
2 41 (8.37%) QA
3 13 (2.65%) EMIR
4 12 (2.45%) MiFID
5 6 (1.22%) Dodd-Frank
6 5 (1.02%) IFRS
6 5 (1.02%) SEPA
7 3 (0.61%) GAAP
8 2 (0.41%) Basel III
9 1 (0.20%) FINREP
9 1 (0.20%) IFRS 9
System Software
1 8 (1.63%) Docker
Systems Management
1 9 (1.84%) ITRS Geneos
2 8 (1.63%) Kubernetes
3 5 (1.02%) Grafana
4 4 (0.82%) Control-M
5 3 (0.61%) Ansible
6 1 (0.20%) Puppet
Vendors
1 49 (10.00%) Bloomberg
2 25 (5.10%) ION Trading
3 19 (3.88%) Oracle
4 12 (2.45%) BISAM
5 11 (2.24%) Tradeweb
6 10 (2.04%) MarketAxess
7 6 (1.22%) Databricks
7 6 (1.22%) Murex
7 6 (1.22%) Reuters
8 5 (1.02%) Dynatrace
8 5 (1.02%) IBM
8 5 (1.02%) Microsoft
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
11 1 (0.20%) CA
11 1 (0.20%) Confluent
11 1 (0.20%) SimCorp