The table below looks at the statistics for COREP skills in IT contracts advertised for the City of London region. Included is a guide to the average contractor rates offered in IT contracts that have cited COREP over the 3 months to 12 February 2016 with a comparison to the same period in the previous 2 years.

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
12 Feb 2016
Same period 2015 Same period 2014
Common Reporting (COREP)
Rank 149 185 192
Rank change year-on-year
+36 +7
Contract jobs citing COREP 4 3 14
As % of all contract IT jobs located in the City of London 0.13% 0.058% 0.24%
As % of the Quality Assurance & Compliance category 1.23% 0.65% 2.29%
Number of daily rates quoted 4 3 10
Average daily rate £600 £488 £600
Average daily rate % change year-on-year
+23.07% -18.75%
UK excluding London average daily rate £441 £538 £425
% change year-on-year
-17.94% +26.52%
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
COREP
London

The following table is for comparison with the above and provides statistics for the entire Quality Assurance & Compliance category in contract jobs advertised in the City of London region.

Quality Assurance & Compliance Category
City of London
Contract IT job ads with a match in the
Quality Assurance & Compliance category
326 461 611
As % of all contract IT jobs located in the City of London 10.36% 8.97% 10.26%
Number of daily rates quoted 233 339 433
Average daily rate £500 £449 £470
Average daily rate % change year-on-year
+11.42% -4.52%
90% offered a daily rate of more than £305 £250 £280
10% offered a daily rate of more than £625 £577 £600
UK excluding London average daily rate £400 £380 £350
% change year-on-year
+5.26% +8.57%
Number of hourly rates quoted 6 2 3
Average hourly rate £26.75 £30.13 £18.70
Average hourly rate % change year-on-year
-11.20% +61.09%
90% offered a hourly rate of more than £21.00 £19.23 £17.74
10% offered a hourly rate of more than £40.75 £41.03 £23.74
UK excluding London average hourly rate £42.50 £23.25 £17.08
% change year-on-year
+82.79% +36.16%

COREP
Jobs Demand Trend in the City of London

This chart provides a 3-month moving total of IT contractor jobs citing COREP across the City of London region as a proportion of the total demand within the Quality Assurance & Compliance category.

COREP Jobs Demand Trend in the City of London

COREP
Daily Rate Trend in the City of London

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

COREP Daily Rate Trend in the City of London

COREP
Top 22 Related IT Skills in the City of London

For the 6 months to 12 February 2016, IT contractor jobs across the City of London region citing COREP 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 COREP.

1 5 (100.00%) Back Office
1 5 (100.00%) Finance
1 5 (100.00%) Banking
1 5 (100.00%) Investment Banking
1 5 (100.00%) General Ledger
1 5 (100.00%) IT Governance
1 5 (100.00%) Technical Analysis
2 1 (20.00%) CRD IV
2 1 (20.00%) Analytical Skills
2 1 (20.00%) Contract for Difference
2 1 (20.00%) Basel III
2 1 (20.00%) Business Analysis
2 1 (20.00%) Cost-Benefit Analysis
2 1 (20.00%) Derivative
2 1 (20.00%) Data Analysis
2 1 (20.00%) Equities
2 1 (20.00%) Fixed Income
2 1 (20.00%) Data Warehouse
2 1 (20.00%) Business Intelligence
2 1 (20.00%) Microsoft
2 1 (20.00%) BusinessObjects
2 1 (20.00%) Foreign Exchange (FX)

COREP
Top Related IT Skills in the City of London by Category

For the 6 months to 12 February 2016, IT contractor jobs across the City of London region citing COREP 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 COREP. Up to 20 skills are shown per category.

Database & Business Intelligence
1 1 (20.00%) BusinessObjects
1 1 (20.00%) Data Warehouse
General
1 5 (100.00%) Back Office
1 5 (100.00%) Banking
1 5 (100.00%) Finance
1 5 (100.00%) General Ledger
1 5 (100.00%) Investment Banking
Job Titles
1 5 (100.00%) Analyst
1 5 (100.00%) Business Analyst
1 5 (100.00%) Liquidity Business Analyst
1 5 (100.00%) Report Analyst
2 4 (80.00%) Regulatory Business Analyst
2 4 (80.00%) Regulatory Reporting Business Analyst
Miscellaneous
1 1 (20.00%) Analytical Skills
1 1 (20.00%) Contract for Difference
1 1 (20.00%) Derivative
1 1 (20.00%) Equities
1 1 (20.00%) Fixed Income
1 1 (20.00%) Foreign Exchange (FX)
Processes & Methodologies
1 5 (100.00%) IT Governance
1 5 (100.00%) Technical Analysis
2 1 (20.00%) Business Analysis
2 1 (20.00%) Business Intelligence
2 1 (20.00%) Cost-Benefit Analysis
2 1 (20.00%) Data Analysis
Quality Assurance & Compliance
1 1 (20.00%) Basel III
1 1 (20.00%) CRD IV
Vendors
1 1 (20.00%) Microsoft