Credit Derivative Contracts

Credit Derivatives
UK

The table below looks at the prevalence of the term Credit Derivative in contract job vacancies. Included is a benchmarking guide to the contractor rates offered in vacancies that cited Credit Derivative over the 6 months leading up to 11 June 2024, comparing them to the same period in the previous two years.

6 months to
11 Jun 2024
Same period 2023 Same period 2022
Rank 568 632 808
Rank change year-on-year +64 +176 -95
Contract jobs citing Credit Derivative 26 65 57
As % of all contract jobs advertised in the UK 0.060% 0.12% 0.065%
As % of the Miscellaneous category 0.20% 0.35% 0.20%
Number of daily rates quoted 24 57 49
10th Percentile - £655 £500
25th Percentile £788 £688 £600
Median daily rate (50th Percentile) £850 £750 £700
Median % change year-on-year +13.33% +7.14% -1.75%
75th Percentile £913 £775 £775
90th Percentile £950 £825 -
UK excluding London median daily rate - £600 -

All Generic Skills
UK

Credit 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 13,068 18,455 29,028
As % of all contract IT jobs advertised in the UK 29.95% 33.22% 33.29%
Number of daily rates quoted 8,342 12,704 20,411
10th Percentile £275 £310 £315
25th Percentile £413 £444 £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 935 605 683
10th Percentile £12.25 £9.80 £14.28
25th Percentile £15.24 £10.63 £17.50
Median hourly rate £35.50 £22.00 £27.00
Median % change year-on-year +61.36% -18.52% +8.00%
75th Percentile £61.30 £58.75 £50.39
90th Percentile £71.63 £75.00 £65.75
UK excluding London median hourly rate £35.00 £21.88 £21.50
% change year-on-year +60.00% +1.74% -4.44%

Credit Derivative
Job Vacancy Trend

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

Job vacancy trend for Credit Derivative in the UK

Credit Derivative
Contractor Daily Rate Trend

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

Daily rate trend for Credit Derivative in the UK

Credit Derivative
Daily Rate Histogram

Daily rate distribution for jobs citing Credit Derivative over the 6 months to 11 June 2024.

Daily rate histogram for Credit Derivative in the UK

Credit Derivative
Contractor Hourly Rate Trend

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

Hourly rate trend for Credit Derivative in the UK

Credit 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 Credit Derivative within the UK over the 6 months to 11 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 +62 26 £850 +13.33% 4
London +48 26 £850 +13.33% 4
Work from Home +92 20 £850 +13.33% 2

Credit 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 6 (23.08%) AWS
2 3 (11.54%) Amazon EC2
2 3 (11.54%) Amazon S3
Database & Business Intelligence
1 4 (15.38%) MySQL
1 4 (15.38%) Oracle Database
2 3 (11.54%) Oracle Reports
Development Applications
1 13 (50.00%) Jenkins
1 13 (50.00%) JUnit
1 13 (50.00%) Mockito
2 10 (38.46%) Cucumber
2 10 (38.46%) GitLab
General
1 22 (84.62%) Finance
2 11 (42.31%) Front Office
3 6 (23.08%) Analytical Skills
4 2 (7.69%) Banking
4 2 (7.69%) Social Skills
Job Titles
1 20 (76.92%) Developer
2 18 (69.23%) Java Developer
3 13 (50.00%) Senior
3 13 (50.00%) Senior Developer
3 13 (50.00%) Senior Java Developer
4 7 (26.92%) Oracle Developer
5 4 (15.38%) Analyst
5 4 (15.38%) Core Java Developer
5 4 (15.38%) Credit Analyst
5 4 (15.38%) DBA
5 4 (15.38%) MySQL DBA
5 4 (15.38%) MySQL Developer
5 4 (15.38%) Oracle DBA
5 4 (15.38%) Qualitative Analyst
5 4 (15.38%) Quantitative Analyst
6 3 (11.54%) AWS Developer
6 3 (11.54%) Java Pricing Developer
6 3 (11.54%) Pricing Developer
6 3 (11.54%) Senior Oracle Developer
7 2 (7.69%) SQL Developer
Libraries, Frameworks & Software Standards
1 17 (65.38%) Spring Boot
2 7 (26.92%) Spring
3 4 (15.38%) Hibernate
3 4 (15.38%) JPA
4 2 (7.69%) ActiveMQ
4 2 (7.69%) FIX Protocol
Miscellaneous
1 15 (57.69%) Derivative
2 5 (19.23%) Fixed Income
3 4 (15.38%) Hedge funds
3 4 (15.38%) Management Information System
4 3 (11.54%) Onboarding
4 3 (11.54%) Public Cloud
5 2 (7.69%) Equities
5 2 (7.69%) Foreign Exchange (FX)
Operating Systems
1 2 (7.69%) Unix
Processes & Methodologies
1 14 (53.85%) CI/CD
1 14 (53.85%) DevOps
2 10 (38.46%) SDLC
3 6 (23.08%) Analytical Modelling
3 6 (23.08%) Mathematics
3 6 (23.08%) Model Validation
3 6 (23.08%) Physics
3 6 (23.08%) Quantitative Finance
3 6 (23.08%) Statistics
4 3 (11.54%) Agile
4 3 (11.54%) Containerisation
4 3 (11.54%) Microservices
4 3 (11.54%) Migration
4 3 (11.54%) Performance Tuning
4 3 (11.54%) Stakeholder Engagement
4 3 (11.54%) TDD
5 2 (7.69%) Electronic Trading
5 2 (7.69%) Stakeholder Management
6 1 (3.85%) Software Architecture
Programming Languages
1 18 (69.23%) Java
2 6 (23.08%) C++
2 6 (23.08%) Python
3 4 (15.38%) R
3 4 (15.38%) SQL
Qualifications
1 6 (23.08%) Degree
1 6 (23.08%) Numerate Degree
System Software
1 4 (15.38%) Docker
Systems Management
1 4 (15.38%) Kubernetes
2 3 (11.54%) Ansible
Vendors
1 7 (26.92%) Oracle
2 2 (7.69%) IBM