Interest Rate Derivative Contracts

Interest Rate Derivatives
UK

The table below looks at the prevalence of the term Interest Rate Derivative in contract job vacancies. Included is a benchmarking guide to the contractor rates offered in vacancies that cited Interest Rate Derivative over the 6 months leading up to 12 June 2024, comparing them to the same period in the previous two years.

6 months to
12 Jun 2024
Same period 2023 Same period 2022
Rank 580 685 817
Rank change year-on-year +105 +132 -120
Contract jobs citing Interest Rate Derivative 4 12 31
As % of all contract jobs advertised in the UK 0.009% 0.022% 0.036%
As % of the Miscellaneous category 0.031% 0.065% 0.11%
Number of daily rates quoted 4 9 29
10th Percentile - - £643
25th Percentile £700 £675 £688
Median daily rate (50th Percentile) £718 £800 £725
Median % change year-on-year -10.31% +10.34% +18.37%
75th Percentile £758 £906 £763
90th Percentile £768 £945 £800
UK excluding London median daily rate - - -

All Generic Skills
UK

Interest Rate Derivative falls under the General and Transferable Skills category. For comparison with the information above, the following table provides summary statistics for all contract job vacancies requiring generic IT skills.

Contract vacancies with a requirement for generic IT skills 13,045 18,435 29,015
As % of all contract IT jobs advertised in the UK 29.87% 33.19% 33.29%
Number of daily rates quoted 8,307 12,697 20,403
10th Percentile £275 £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 £663 £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 939 605 684
10th Percentile £12.25 £9.80 £14.29
25th Percentile £15.39 £10.63 £17.50
Median hourly rate £35.65 £22.26 £27.00
Median % change year-on-year +60.15% -17.56% +8.00%
75th Percentile £61.40 £58.75 £50.77
90th Percentile £71.88 £75.00 £65.76
UK excluding London median hourly rate £35.25 £22.00 £21.50
% change year-on-year +60.23% +2.33% -4.44%

Interest Rate Derivative
Job Vacancy Trend

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

Job vacancy trend for Interest Rate Derivative in the UK

Interest Rate Derivative
Contractor Daily Rate Trend

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

Daily rate trend for Interest Rate Derivative in the UK

Interest Rate Derivative
Contractor Hourly Rate Trend

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

Hourly rate trend for Interest Rate Derivative in the UK

Interest Rate Derivative
Top 3 Contract Locations

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Interest Rate Derivative within the UK over the 6 months to 12 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 +78 4 £718 -10.31% 2
London +76 4 £718 -10.31% 2
Work from Home - 3 £700 - 1

Interest Rate 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:

Cloud Services
1 2 (50.00%) Azure
1 2 (50.00%) Azure DevOps
Development Applications
1 2 (50.00%) Moq
1 2 (50.00%) SpecFlow
1 2 (50.00%) Visual Studio
General
1 1 (25.00%) Banking
1 1 (25.00%) Finance
1 1 (25.00%) Marketing
Job Titles
1 3 (75.00%) Developer
2 2 (50.00%) C# Developer
3 1 (25.00%) Analyst
3 1 (25.00%) Business Analyst
3 1 (25.00%) Derivatives Business Analyst
3 1 (25.00%) FX Business Analyst
3 1 (25.00%) Murex Developer
3 1 (25.00%) Product Analyst
3 1 (25.00%) Product Business Analyst
3 1 (25.00%) Product Owner
3 1 (25.00%) Senior
3 1 (25.00%) Senior Developer
3 1 (25.00%) Senior Murex Developer
Libraries, Frameworks & Software Standards
1 2 (50.00%) .NET
1 2 (50.00%) .NET Framework
1 2 (50.00%) Entity Framework
Miscellaneous
1 4 (100.00%) Derivative
2 1 (25.00%) Foreign Exchange (FX)
2 1 (25.00%) Product Ownership
Processes & Methodologies
1 2 (50.00%) BDD
1 2 (50.00%) DevOps
1 2 (50.00%) Electronic Trading
1 2 (50.00%) Manual Testing
1 2 (50.00%) TDD
2 1 (25.00%) Integration Testing
2 1 (25.00%) Product Roadmap
2 1 (25.00%) Requirements Gathering
2 1 (25.00%) Roadmaps
2 1 (25.00%) Translating Business Requirements
Programming Languages
1 3 (75.00%) SQL
2 2 (50.00%) C#
3 1 (25.00%) Java
Vendors
1 1 (25.00%) Murex