City of London Back Office Contracts

This section looks at the prevalence of the term 'Back Office' in contract IT jobs within the City of London region together with a comparison to our General terms category. Included is a guide to the contractor rates offered in IT jobs that have cited Back Office over the 3 months to 21 August 2008 with a comparison to the same period last year.

Back Office
Location Andover Basingstoke Bedfordshire Belfast Berkshire Blackburn Borehamwood Bracknell Brighton Bristol Buckinghamshire Cambridge Cambridgeshire Canary Wharf Cardiff Channel Islands Cheshire Chester City of London County Antrim Crawley Derby Derbyshire Devon Docklands, London Dorset East Midlands East of England East Sussex Edinburgh England Epsom Essex Exeter Gloucester Gloucestershire Hampshire Harrogate Havant Herefordshire Hertfordshire Jersey Kent Kingston Upon Thames Lancashire Leeds Leicester Leicestershire London Luton M4 Corridor Maidenhead Manchester Middlesex Midlands Milton Keynes Norfolk North East North West North Yorkshire Northern Ireland Norwich Nottingham Nottinghamshire Oxford Oxfordshire Preston Reading Reigate Rickmansworth Rotherham Scotland Sheffield Somerset South Coast South East South Wales South West South Yorkshire Southampton Staines Stroud Suffolk Surrey Sussex Swansea Swindon Taunton Thames Valley Tyne and Wear UK Uxbridge Wales Watford West Malling West Midlands West Sussex West Wales West Yorkshire Wiltshire Witney York Yorkshire	3 months to 21 Aug 2008	Same period last year
Rank	33	35
Rank change on same period last year	+2
Matching contract IT job ads	413	344
As % of all UK contract IT job ads sampled	0.545 %	0.343 %
As % of the category below	6.705 %	6.440 %
Daily rates quoted	282	157
Average minimum daily rate	£480	£467
Average daily rate	£525	£509
% change on same period last year	+3.09 %
Average maximum daily rate	£570	£552
UK excluding London average daily rate	£390	£426
% change on same period last year	-8.44 %
Hourly rates quoted	2	2
Average minimum hourly rate	£55.00	£17.50
Average hourly rate	£67.50	£20.00
% change on same period last year	+237.50 %
Average maximum hourly rate	£80.00	£22.50
UK excluding London average hourly rate	£24.63	£22.77
% change on same period last year	+8.17 %
General City of London
Matching contract IT job ads	6160	5342
As % of all UK contract IT job ads sampled	8.129 %	5.320 %
Daily rates quoted	3508	2220
Average minimum daily rate	£431	£444
Average daily rate	£472	£477
% change on same period last year	-1.20 %
Average maximum daily rate	£512	£510
UK excluding London average daily rate	£381	£381
% change on same period last year	+0.21 %
Hourly rates quoted	193	145
Average minimum hourly rate	£26.44	£21.97
Average hourly rate	£28.45	£23.37
% change on same period last year	+21.71 %
Average maximum hourly rate	£30.46	£24.78
UK excluding London average hourly rate	£27.94	£27.04
% change on same period last year	+3.32 %
Back Office London

We calculate average IT contractor rates directly from the figures quoted and do not attempt to derive hourly rates from daily rates or vice versa.

Back Office
Demand Trend

The chart provides a 3-month moving total beginning in 2004 of IT contractor jobs citing Back Office across the City of London region as a proportion of the total demand within the General category.

Back Office
Daily Rate Trend

The chart provides the 3-month moving average for daily rates quoted in IT contract jobs citing Back Office across the City of London region.

Back Office
Daily Rate Histogram

The chart provides a histogram of daily rates quoted in contract IT jobs citing Back Office across the City of London region over the 3 months to 21 August 2008.

Back Office
Hourly Rate Trend

The chart provides the 3-month moving average for hourly rates quoted in IT contractor jobs citing Back Office across the City of London region.

Back Office
Hourly Rate Histogram

The chart provides a histogram of hourly rates quoted in contract IT jobs citing Back Office across the City of London region over the 3 months to 21 August 2008.

Back Office
Top 30 Related IT Skills

For the 6 months to 21 August 2008, IT contractor jobs across the City of London 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.

1 435 (53.51 %) Banking 2 307 (37.76 %) Investment Banking 3 289 (35.55 %) Derivative 4 241 (29.64 %) Finance 5 172 (21.16 %) SQL 6 162 (19.93 %) Java 7 152 (18.70 %) Foreign Exchange (FX) 8 149 (18.33 %) Fixed Income 9 129 (15.87 %) Calypso 10 109 (13.41 %) Oracle 11 107 (13.16 %) Front Office 12 100 (12.30 %) Equities 13 93 (11.44 %) Business Analysis 14 85 (10.46 %) UNIX 15 78 (9.594 %) XML

15 78 (9.594 %) Asset Management 16 68 (8.364 %) Migration 17 64 (7.872 %) Credit Derivative 18 60 (7.380 %) Sybase 19 55 (6.765 %) Project Management 20 51 (6.273 %) Change Management 21 49 (6.027 %) SQL Server 22 48 (5.904 %) Equity Derivative 23 47 (5.781 %) Interest Rate Derivative 24 40 (4.920 %) Murex 25 39 (4.797 %) OO 26 38 (4.674 %) Reference Data 27 37 (4.551 %) J2EE 28 36 (4.428 %) Windows 28 36 (4.428 %) User Acceptance Testing

Back Office
Top Related IT Skills by Category

For the 6 months to 21 August 2008, IT contractor jobs across the City of London 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 78 (9.594 %) XML 2 37 (4.551 %) J2EE 3 35 (4.305 %) .NET 4 22 (2.706 %) Hibernate 4 22 (2.706 %) Spring 5 17 (2.091 %) JDBC 6 12 (1.476 %) ASP.NET 7 10 (1.230 %) WebServices 7 10 (1.230 %) Velocity 8 9 (1.107 %) XSLT 8 9 (1.107 %) HTML 9 7 (0.861 %) EJB 10 6 (0.738 %) JSP 10 6 (0.738 %) FpML 11 5 (0.615 %) Struts 12 4 (0.492 %) ATL 12 4 (0.492 %) WinForms 12 4 (0.492 %) WCF 12 4 (0.492 %) WebSphere 13 3 (0.369 %) Middleware	Application Platforms 1 17 (2.091 %) WebLogic 2 11 (1.353 %) MS Exchange 3 8 (0.984 %) MQSeries 3 8 (0.984 %) SharePoint 4 3 (0.369 %) Exchange Server 2003 4 3 (0.369 %) CMS 5 2 (0.246 %) MTS 5 2 (0.246 %) IIS 5 2 (0.246 %) Exchange Server 2007
Applications 1 21 (2.583 %) MS Office 2 20 (2.460 %) MS Excel 3 12 (1.476 %) MS Project 4 8 (0.984 %) MS PowerPoint 5 3 (0.369 %) Spreadsheet 6 2 (0.246 %) MS Visio 7 1 (0.123 %) CA Clarity	Business Applications 1 31 (3.813 %) Summit 2 22 (2.706 %) Loan IQ 3 7 (0.861 %) Oracle General Ledger 4 6 (0.738 %) SunGard GMI 5 5 (0.615 %) Misys Midas 5 5 (0.615 %) ADP Wilco Gloss 5 5 (0.615 %) HiPortfolio 6 4 (0.492 %) Endur 6 4 (0.492 %) SAP Bank Analyzer 7 3 (0.369 %) Kondor+ 7 3 (0.369 %) Global One 7 3 (0.369 %) Minerva 8 2 (0.246 %) LongView 8 2 (0.246 %) RMDS 8 2 (0.246 %) Advent Geneva 8 2 (0.246 %) Salerio 9 1 (0.123 %) Algo Collateral 9 1 (0.123 %) Temenos Globus 9 1 (0.123 %) Oracle ERP 9 1 (0.123 %) PeopleSoft Financials
Communications & Networking 1 11 (1.353 %) VoIP 2 7 (0.861 %) Internet 3 4 (0.492 %) Intranet 4 3 (0.369 %) LAN 4 3 (0.369 %) TCP/IP 5 2 (0.246 %) VPN 5 2 (0.246 %) WAN 5 2 (0.246 %) SAN 6 1 (0.123 %) Cisco IPT 6 1 (0.123 %) IP Telephony 6 1 (0.123 %) DHCP 6 1 (0.123 %) SSL 6 1 (0.123 %) DNS	Database & Business Intelligence 1 49 (6.027 %) SQL Server 2 38 (4.674 %) Reference Data 3 20 (2.460 %) RDBMS 4 12 (1.476 %) ETL 5 11 (1.353 %) SQL Server 2005 6 9 (1.107 %) MS Access 7 7 (0.861 %) Oracle Reports 7 7 (0.861 %) Datawarehouse 8 6 (0.738 %) Oracle 10g 8 6 (0.738 %) DB2 9 5 (0.615 %) SQL Server Integration Services 9 5 (0.615 %) Data Cleansing 9 5 (0.615 %) BusinessObjects 9 5 (0.615 %) Crystal Reports 9 5 (0.615 %) Oracle 8/8i 9 5 (0.615 %) Oracle Discoverer 10 3 (0.369 %) PowerCenter 11 2 (0.246 %) Star Schema 11 2 (0.246 %) Oracle 9i 11 2 (0.246 %) SQLPlus
Development Applications 1 19 (2.337 %) TestDirector 2 7 (0.861 %) Eclipse 3 4 (0.492 %) Oracle Forms 4 3 (0.369 %) Flash 5 1 (0.123 %) MSI 5 1 (0.123 %) QuickTest Pro 5 1 (0.123 %) PowerBuilder 5 1 (0.123 %) Visual Studio 5 1 (0.123 %) Ant 5 1 (0.123 %) JUnit 5 1 (0.123 %) WebSphere Studio Application Developer	General 1 435 (53.51 %) Banking 2 307 (37.76 %) Investment Banking 3 241 (29.64 %) Finance 4 107 (13.16 %) Front Office 5 28 (3.444 %) Financial Institution 6 19 (2.337 %) Insurance 7 14 (1.722 %) Retail 8 8 (0.984 %) Marketing 9 7 (0.861 %) Government 10 5 (0.615 %) Pensions 10 5 (0.615 %) Legal 10 5 (0.615 %) Education 11 4 (0.492 %) General Ledger 12 3 (0.369 %) Billing 13 2 (0.246 %) Health 13 2 (0.246 %) Law 13 2 (0.246 %) Construction 13 2 (0.246 %) Corporate Banking 13 2 (0.246 %) International Banking 14 1 (0.123 %) Private Banking
Job Titles 1 417 (51.29 %) Analyst 2 310 (38.13 %) Business Analyst 3 192 (23.62 %) Developer 4 89 (10.95 %) Project Manager 5 69 (8.487 %) Java Developer 6 64 (7.872 %) Support Analyst 6 64 (7.872 %) Banking Business Analyst 7 58 (7.134 %) Calypso Developer 8 30 (3.690 %) Investment Banking Business Analyst 9 25 (3.075 %) Senior Analyst 10 19 (2.337 %) Senior Business Analyst 11 18 (2.214 %) Data Analyst 12 17 (2.091 %) Tester 13 16 (1.968 %) Senior Developer 14 15 (1.845 %) C# Developer 14 15 (1.845 %) Analyst Developer 15 14 (1.722 %) Test Analyst 15 14 (1.722 %) Programmer 15 14 (1.722 %) C++ Developer 16 13 (1.599 %) Equity Derivatives Business Analyst	Miscellaneous 1 289 (35.55 %) Derivative 2 152 (18.70 %) Foreign Exchange (FX) 3 149 (18.33 %) Fixed Income 4 100 (12.30 %) Equities 5 64 (7.872 %) Credit Derivative 6 48 (5.904 %) Equity Derivative 7 47 (5.781 %) Interest Rate Derivative 8 14 (1.722 %) Credit Risk 9 8 (0.984 %) DTCC 10 5 (0.615 %) Market Risk 11 4 (0.492 %) N-Tier 12 3 (0.369 %) Web 2.0 12 3 (0.369 %) Data Integration 12 3 (0.369 %) STB 12 3 (0.369 %) Management Information System 12 3 (0.369 %) Blackberry 12 3 (0.369 %) Client/Server 13 2 (0.246 %) AS400 13 2 (0.246 %) Computer Science 13 2 (0.246 %) Swaptions
Operating Systems 1 85 (10.46 %) UNIX 2 36 (4.428 %) Windows 3 16 (1.968 %) Solaris 4 13 (1.599 %) Linux 5 11 (1.353 %) Windows XP 6 8 (0.984 %) Windows 2000 Server 7 7 (0.861 %) Windows Server 2003 8 5 (0.615 %) Windows 2000 9 4 (0.492 %) Red Hat Linux 10 3 (0.369 %) HPUX 11 2 (0.246 %) AIX	Processes & Methodologies 1 93 (11.44 %) Business Analysis 2 78 (9.594 %) Asset Management 3 68 (8.364 %) Migration 4 55 (6.765 %) Project Management 5 51 (6.273 %) Change Management 6 39 (4.797 %) OO 7 36 (4.428 %) User Acceptance Testing 8 35 (4.305 %) Investment Management 9 27 (3.321 %) Data Migration 10 25 (3.075 %) Risk Management 11 24 (2.952 %) Workflow 12 21 (2.583 %) UML 13 17 (2.091 %) Fund Management 14 13 (1.599 %) Project Planning 15 12 (1.476 %) Data Analysis 16 11 (1.353 %) Electronic Trading 16 11 (1.353 %) Regression Testing 16 11 (1.353 %) PRINCE2 17 10 (1.230 %) Data Modelling 17 10 (1.230 %) GAP Analysis
Programming Languages 1 172 (21.16 %) SQL 2 162 (19.93 %) Java 3 34 (4.182 %) C# 4 31 (3.813 %) Perl 5 25 (3.075 %) Shell Script 6 23 (2.829 %) C++ 7 17 (2.091 %) VBA 8 16 (1.968 %) VB 8 16 (1.968 %) PL/SQL 9 13 (1.599 %) C 10 11 (1.353 %) RPG 11 8 (0.984 %) VB.NET 11 8 (0.984 %) Transact-SQL 11 8 (0.984 %) JavaScript 12 7 (0.861 %) Korn 12 7 (0.861 %) VB6 12 7 (0.861 %) AWK 13 5 (0.615 %) DHTML 14 4 (0.492 %) VC++ 14 4 (0.492 %) VBScript	Qualifications 1 17 (2.091 %) Degree 2 7 (0.861 %) ISEB 3 4 (0.492 %) ISEB Practitioner 4 2 (0.246 %) CCNP 4 2 (0.246 %) CCNA 4 2 (0.246 %) Cisco Certification 4 2 (0.246 %) ACCA 4 2 (0.246 %) CCVP 4 2 (0.246 %) CIMA 4 2 (0.246 %) CFA 5 1 (0.123 %) MCSE 5 1 (0.123 %) Microsoft Certification 5 1 (0.123 %) PMP 5 1 (0.123 %) PMI Certification
Quality Assurance & Compliance 1 12 (1.476 %) QA 2 4 (0.492 %) SLA 3 3 (0.369 %) Basel II 4 1 (0.123 %) MiFID	System Software 1 10 (1.230 %) Active Directory 2 2 (0.246 %) NFS 2 2 (0.246 %) NetBackup 3 1 (0.123 %) VMware Infrastructure 3 1 (0.123 %) VMware Workstation 3 1 (0.123 %) ISA Server 3 1 (0.123 %) MSMQ
Systems Management 1 16 (1.968 %) AutoSys 2 4 (0.492 %) Tivoli 3 1 (0.123 %) EMC NetWorker 3 1 (0.123 %) Legato 3 1 (0.123 %) Norton AntiVirus	Vendors 1 129 (15.87 %) Calypso 2 109 (13.41 %) Oracle 3 60 (7.380 %) Sybase 4 40 (4.920 %) Murex 5 19 (2.337 %) Bloomberg 6 16 (1.968 %) Sophis 7 15 (1.845 %) Reuters 8 13 (1.599 %) Cisco 9 12 (1.476 %) Microsoft 10 11 (1.353 %) GL TRADE 11 10 (1.230 %) SAP 11 10 (1.230 %) Informatica 12 9 (1.107 %) City Networks 12 9 (1.107 %) BT 13 7 (0.861 %) GoldenSource 13 7 (0.861 %) IBM 14 6 (0.738 %) Fidessa 14 6 (0.738 %) SunGard 14 6 (0.738 %) OpenLink 15 5 (0.615 %) Business Objects