The first table below looks at the prevalence of the term Back Office in IT contracts advertised for the Canary Wharf region. Included is a guide to the average contractor rates offered in IT contracts that have cited Back Office over the 3 months to 17 May 2013 with a comparison to the same period in the previous 2 years. The second table is for comparison and provides aggregates for all terms in our General category for the Canary Wharf region.

Note that daily contractor rates and hourly contractor rates are treated separately. When calculating average contractor rates, daily rates are not derived from quoted hourly rates or vice versa.

Location
3 months to
17 May 2013
Same period 2012 Same period 2011
Back Office
Rank 34 26 18
Rank change year-on-year
-8 -8
Contract jobs citing Back Office 20 20 50
As % of all contract IT jobs located in Canary Wharf 5.195% 5.405% 10.00%
As % of the General category 6.515% 8.850% 11.79%
Number of daily rates quoted 12 13 36
Average daily rate £569 £525 £650
Average daily rate % change year-on-year
+8.33% -19.23%
90% offered a daily rate of more than £455 £415 £575
10% offered a daily rate of more than £675 £575 £750
UK excluding London average daily rate £400 £363 £400
% change year-on-year
+10.34% -9.37%
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate £15.77 £18.75 £17.50
% change year-on-year
-15.89% +7.14%
All of the General Category
Canary Wharf
Contract IT job ads with a match in the
General category
307 226 424
As % of all contract IT jobs located in Canary Wharf 79.74% 61.08% 84.80%
Number of daily rates quoted 248 143 339
Average daily rate £550 £550 £600
Average daily rate % change year-on-year
- -8.33%
90% offered a daily rate of more than £361 £425 £450
10% offered a daily rate of more than £675 £625 £650
UK excluding London average daily rate £375 £375 £375
Number of hourly rates quoted 1 4 4
Average hourly rate £42.50 £35.00 £15.00
Average hourly rate % change year-on-year
+21.42% +133.33%
UK excluding London average hourly rate £26.00 £25.00 £26.00
% change year-on-year
+4.00% -3.84%
Back Office
London

Back Office
Jobs Demand Trend

This chart provides a 3-month moving total of IT contractor jobs citing Back Office across the Canary Wharf region as a proportion of the total demand within the General category.

Canary Wharf Back Office Jobs Demand Trend

Back Office
Daily Rate Trend

This chart provides the 3-month moving average for daily rates quoted in IT contract jobs citing Back Office across the Canary Wharf region.

Canary Wharf Back Office Daily Rate Trend

Back Office
Daily Rate Histogram

This chart provides a histogram of daily rates quoted in contract IT jobs citing Back Office across the Canary Wharf region over the 3 months to 17 May 2013.

Canary Wharf Back Office Daily Rate Histogram

Back Office
Hourly Rate Trend

This chart provides the 3-month moving average for hourly rates quoted in IT contractor jobs citing Back Office across the Canary Wharf region.

Canary Wharf Back Office Hourly Rate Trend

Back Office
Top 30 Related IT Skills

For the 6 months to 17 May 2013, IT contractor jobs across the Canary Wharf region citing Back Office also mentioned the following IT skills in order of popularity. The figures indicate the number of jobs and their proportion against the total number of contract IT job ads sampled that cited Back Office.

1 24 (70.59%) Banking
2 22 (64.71%) Investment Banking
3 17 (50.00%) Finance
4 10 (29.41%) Project Management
5 8 (23.53%) Front Office
5 8 (23.53%) Business Analysis
6 7 (20.59%) Microsoft
7 6 (17.65%) MS Project
7 6 (17.65%) Matrix Management
8 5 (14.71%) Foreign Exchange (FX)
8 5 (14.71%) Derivative
9 4 (11.76%) Financial Institution
10 3 (8.824%) Agile Software Development
10 3 (8.824%) Equities
10 3 (8.824%) Data Modelling
10 3 (8.824%) .NET
10 3 (8.824%) MiFID
10 3 (8.824%) User Acceptance Testing
11 2 (5.882%) Test Scripting
11 2 (5.882%) Credit Risk
11 2 (5.882%) WCF
11 2 (5.882%) Investment Management
11 2 (5.882%) Eagle PACE
11 2 (5.882%) Eagle STAR
11 2 (5.882%) Avaloq
11 2 (5.882%) Reference Data
11 2 (5.882%) Murex
11 2 (5.882%) Calypso
11 2 (5.882%) OpenLink
11 2 (5.882%) Endur

Back Office
Top Related IT Skills by Category

For the 6 months to 17 May 2013, IT contractor jobs across the Canary Wharf region citing Back Office also mentioned the following IT skills grouped by category. The figures indicate the number of jobs and their proportion against the total number of contract IT job ads sampled that cited Back Office. Up to 20 skills are shown per category.

Application Development
1 3 (8.824%) .NET
2 2 (5.882%) WCF
3 1 (2.941%) WPF
3 1 (2.941%) Middleware
Applications
1 6 (17.65%) MS Project
2 2 (5.882%) MS Visio
2 2 (5.882%) MS PowerPoint
Business Applications
1 2 (5.882%) Endur
1 2 (5.882%) Summit
1 2 (5.882%) Eagle PACE
1 2 (5.882%) Eagle STAR
2 1 (2.941%) Algo Collateral
Database & Business Intelligence
1 2 (5.882%) Data Warehouse
1 2 (5.882%) Data Mining
2 1 (2.941%) Oracle 10g
2 1 (2.941%) Data Mart
2 1 (2.941%) SQL Server 2005
2 1 (2.941%) SQL Server 2008
2 1 (2.941%) SQL Server
Development Applications
1 1 (2.941%) ERwin
General
1 24 (70.59%) Banking
2 22 (64.71%) Investment Banking
3 17 (50.00%) Finance
4 8 (23.53%) Front Office
5 4 (11.76%) Financial Institution
6 1 (2.941%) General Ledger
Job Titles
1 18 (52.94%) Analyst
2 17 (50.00%) Business Analyst
3 11 (32.35%) Project Manager
4 4 (11.76%) Technical Analyst
4 4 (11.76%) Technical Business Analyst
5 3 (8.824%) Training Manager
5 3 (8.824%) Trainer
5 3 (8.824%) Investment Banking Business Analyst
6 2 (5.882%) Banking Business Analyst
6 2 (5.882%) Project Analyst
6 2 (5.882%) Delivery Manager
7 1 (2.941%) Financial Business Analyst
7 1 (2.941%) SQL Developer
7 1 (2.941%) C# Analyst Programmer
7 1 (2.941%) Transition Manager
7 1 (2.941%) Developer
7 1 (2.941%) Data Architect
7 1 (2.941%) Analyst Programmer
7 1 (2.941%) Programmer
7 1 (2.941%) Senior Business Analyst
Miscellaneous
1 5 (14.71%) Foreign Exchange (FX)
1 5 (14.71%) Derivative
2 3 (8.824%) Equities
3 2 (5.882%) E-Learning
3 2 (5.882%) Credit Risk
3 2 (5.882%) Reference Data
4 1 (2.941%) Fixed Income
Processes & Methodologies
1 10 (29.41%) Project Management
2 8 (23.53%) Business Analysis
3 6 (17.65%) Matrix Management
4 3 (8.824%) User Acceptance Testing
4 3 (8.824%) Data Modelling
4 3 (8.824%) Agile Software Development
5 2 (5.882%) Asset Management
5 2 (5.882%) Data Management
5 2 (5.882%) Data Analysis
5 2 (5.882%) SOA
5 2 (5.882%) Test Scripting
5 2 (5.882%) Stakeholder Management
5 2 (5.882%) Investment Management
6 1 (2.941%) Data Architecture
6 1 (2.941%) Memory Management
6 1 (2.941%) Data Governance
6 1 (2.941%) Release Management
6 1 (2.941%) OOP
6 1 (2.941%) Scrum
6 1 (2.941%) Cost-Benefit Analysis
Programming Languages
1 2 (5.882%) SQL
2 1 (2.941%) F#
2 1 (2.941%) C#
Quality Assurance & Compliance
1 3 (8.824%) MiFID
Vendors
1 7 (20.59%) Microsoft
2 2 (5.882%) Murex
2 2 (5.882%) Calypso
2 2 (5.882%) OpenLink
2 2 (5.882%) Thunderhead
2 2 (5.882%) Sophis
2 2 (5.882%) GoldenSource
2 2 (5.882%) Avaloq
3 1 (2.941%) Remedy
3 1 (2.941%) Oracle
3 1 (2.941%) SAP