Backtesting Jobs

Backtesting
UK

The following table provides summary statistics for permanent job vacancies with a requirement for Backtesting skills. Included is a benchmarking guide to the salaries offered in vacancies that have cited Backtesting over the 6 months to 8 June 2024 with a comparison to the same period in the previous 2 years.

6 months to
8 Jun 2024
Same period 2023 Same period 2022
Rank 882 854 1199
Rank change year-on-year -28 +345 -319
Permanent jobs citing Backtesting 27 66 86
As % of all permanent jobs advertised in the UK 0.025% 0.071% 0.050%
As % of the Processes & Methodologies category 0.030% 0.074% 0.052%
Number of salaries quoted 23 48 60
10th Percentile £62,500 £35,733 £100,000
25th Percentile £82,500 £48,750 £110,000
Median annual salary (50th Percentile) £135,000 £98,442 £125,000
Median % change year-on-year +37.14% -21.25% +8.70%
75th Percentile £155,000 £162,500 £147,188
90th Percentile £207,000 £170,000 £187,500
UK excluding London median annual salary £85,000 £67,570 -
% change year-on-year +25.80% - -

All Process and Methodology Skills
UK

Backtesting is in the Processes and Methodologies category. The following table is for comparison with the above and provides summary statistics for all permanent job vacancies with a requirement for process or methodology skills.

Permanent vacancies with a requirement for process or methodology skills 89,730 89,109 165,036
As % of all permanent jobs advertised in the UK 82.98% 95.44% 95.91%
Number of salaries quoted 62,034 53,947 83,947
10th Percentile £29,500 £34,000 £33,500
25th Percentile £40,000 £45,000 £44,000
Median annual salary (50th Percentile) £55,000 £60,800 £60,000
Median % change year-on-year -9.54% +1.33% +9.09%
75th Percentile £72,500 £81,250 £80,000
90th Percentile £92,500 £100,000 £96,250
UK excluding London median annual salary £50,000 £55,000 £52,500
% change year-on-year -9.09% +4.76% +9.38%

Backtesting
Job Vacancy Trend

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

Job vacancy trend for Backtesting in the UK

Backtesting
Salary Trend

3-month moving average salary quoted in jobs citing Backtesting.

Salary trend for Backtesting in the UK

Backtesting
Salary Histogram

Salary distribution for jobs citing Backtesting over the 6 months to 8 June 2024.

Salary histogram for Backtesting in the UK

Backtesting
Top 7 Job Locations

The table below looks at the demand and provides a guide to the median salaries quoted in IT jobs citing Backtesting 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
Permanent
IT Job Ads
Median Salary
Past 6 Months
Median Salary
% Change
on Same Period
Last Year
Live
Jobs
England -8 27 £135,000 +22.73% 42
London +58 22 £150,000 +11.11% 37
Work from Home +51 10 £92,500 +8.82% 15
UK excluding London -49 5 £85,000 +25.80% 3
South West -31 4 £85,000 -13.65%
Yorkshire +65 1 - -
North of England +9 1 - -

Backtesting
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 1 (3.70%) Jupyter
Applications
1 1 (3.70%) Microsoft Excel
Cloud Services
1 2 (7.41%) AWS
1 2 (7.41%) Azure
1 2 (7.41%) WhatsApp
2 1 (3.70%) Power Platform
Communications & Networking
1 2 (7.41%) TCP/IP
Database & Business Intelligence
1 4 (14.81%) SQL Server
2 3 (11.11%) Tick Data
3 2 (7.41%) NoSQL
3 2 (7.41%) PostgreSQL
3 2 (7.41%) SQL Server Analysis Services
3 2 (7.41%) SQL Server Integration Services
3 2 (7.41%) SQL Server Reporting Services
4 1 (3.70%) Data Warehouse
4 1 (3.70%) Power BI
Development Applications
1 4 (14.81%) Git
1 4 (14.81%) Jenkins
1 4 (14.81%) JIRA
1 4 (14.81%) Selenium
General
1 8 (29.63%) Finance
2 7 (25.93%) Banking
3 6 (22.22%) Investment Banking
3 6 (22.22%) Social Skills
4 3 (11.11%) Front Office
5 2 (7.41%) Financial Institution
5 2 (7.41%) Retail
6 1 (3.70%) Games
6 1 (3.70%) Inclusion and Diversity
Job Titles
1 18 (66.67%) Developer
2 14 (51.85%) Quantitative Developer
3 5 (18.52%) C++ Developer
4 4 (14.81%) Automation Test Lead
4 4 (14.81%) Lead
4 4 (14.81%) Test Leader
5 3 (11.11%) Python Developer
6 2 (7.41%) Database Engineer
6 2 (7.41%) Front Office Developer
6 2 (7.41%) Junior
6 2 (7.41%) SQL Developer
7 1 (3.70%) Analyst
7 1 (3.70%) C++ Quantitative Developer
7 1 (3.70%) DBA
7 1 (3.70%) Linux Developer
7 1 (3.70%) Market Analyst
7 1 (3.70%) Market Risk Analyst
7 1 (3.70%) Risk Analyst
7 1 (3.70%) Senior Analyst
7 1 (3.70%) Senior Risk Analyst
Libraries, Frameworks & Software Standards
1 3 (11.11%) NumPy
1 3 (11.11%) Pandas
2 2 (7.41%) React
2 2 (7.41%) STL
3 1 (3.70%) FIX Protocol
3 1 (3.70%) SciPy
Miscellaneous
1 14 (51.85%) Foreign Exchange (FX)
2 13 (48.15%) Hedge funds
3 9 (33.33%) Equities
4 8 (29.63%) Fixed Income
5 5 (18.52%) Client/Server
6 2 (7.41%) Distributed Computing
6 2 (7.41%) FPGA
7 1 (3.70%) Algorithms
7 1 (3.70%) Data Structures
7 1 (3.70%) Market Risk
7 1 (3.70%) Renewable Energy
Operating Systems
1 6 (22.22%) Linux
Processes & Methodologies
1 23 (85.19%) Computer Science
2 15 (55.56%) Mathematics
3 10 (37.04%) Algorithmic Trading
3 10 (37.04%) Concurrent Programming
3 10 (37.04%) End-to-End Testing
3 10 (37.04%) Multithreading
3 10 (37.04%) Physics
4 8 (29.63%) Low Latency
4 8 (29.63%) Memory Management
5 7 (25.93%) Systematic Trading
6 6 (22.22%) Agile
6 6 (22.22%) Continuous Integration
6 6 (22.22%) Integration Testing
6 6 (22.22%) Risk Management
6 6 (22.22%) Unit Testing
7 5 (18.52%) Data Management
7 5 (18.52%) Problem-Solving
8 4 (14.81%) Continuous Deployment
8 4 (14.81%) Deployment Automation
8 4 (14.81%) Manual Testing
Programming Languages
1 15 (55.56%) Python
2 9 (33.33%) SQL
3 7 (25.93%) C++
4 6 (22.22%) Java
4 6 (22.22%) JavaScript
5 2 (7.41%) PL/SQL
5 2 (7.41%) PowerShell
5 2 (7.41%) Shell Script
5 2 (7.41%) T-SQL
6 1 (3.70%) C
6 1 (3.70%) MATLAB
6 1 (3.70%) VBA
Qualifications
1 15 (55.56%) Degree
2 10 (37.04%) Master's Degree
3 7 (25.93%) Computer Science Degree
4 6 (22.22%) PhD
Quality Assurance & Compliance
1 4 (14.81%) QA
Vendors
1 2 (7.41%) Microsoft
2 1 (3.70%) Dataiku