The table below looks at the statistics for knowledge and experience of FactSet products and/or services in IT contracts advertised for the City of London region. Included is a guide to the contractor rates offered in IT contracts that have cited FactSet over the 3 months to 25 May 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.

The figures below represent the IT contractor job market in general and are not representative of contractor rates within FactSet Research Systems, Inc.

3 months to
25 May 2016
Same period 2015 Same period 2014
FactSet
Rank 150 194 200
Rank change year-on-year
+44 +6
Contract jobs citing FactSet 4 6 4
As % of all contract IT jobs located in the City of London 0.12% 0.11% 0.067%
As % of the Vendors category 0.30% 0.26% 0.15%
Number of daily rates quoted 4 5 4
Median daily rate £328 £475 £500
Median daily rate % change year-on-year
-31.05% -5.00%
90% offered a daily rate of more than £208 £450 £380
10% offered a daily rate of more than £330 £700 £603
UK excluding London median daily rate £288 £550 -
% change year-on-year
-47.72% -
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median hourly rate - - -
FactSet
London

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

Vendors Category
City of London
Contract IT job ads with a match in the
Vendors category
1338 2296 2629
As % of all contract IT jobs located in the City of London 40.39% 42.31% 43.89%
Number of daily rates quoted 1036 1704 1856
Median daily rate £450 £425 £425
Median daily rate % change year-on-year
+5.88% -
90% offered a daily rate of more than £300 £260 £260
10% offered a daily rate of more than £625 £600 £600
UK excluding London median daily rate £383 £370 £350
% change year-on-year
+3.37% +5.71%
Number of hourly rates quoted 17 60 40
Median hourly rate £19.00 £17.98 £21.00
Median hourly rate % change year-on-year
+5.67% -14.38%
90% offered a hourly rate of more than £12.50 £12.50 £12.90
10% offered a hourly rate of more than £28.25 £25.00 £27.50
UK excluding London median hourly rate £20.10 £18.00 £17.81
% change year-on-year
+11.68% +1.09%

FactSet
Jobs Demand Trend in the City of London

The demand trend of contract jobs across the City of London region citing FactSet as a proportion of all IT contracts with a match in the Vendors category.

FactSet Jobs Demand Trend in the City of London

FactSet
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 FactSet across the City of London region.

FactSet Daily Rate Trend in the City of London

FactSet
Daily Rate Histogram in the City of London

This chart provides a histogram of daily rates quoted in contract IT jobs citing FactSet across the City of London region over the 3 months to 25 May 2016.

FactSet Daily Rate Histogram in the City of London

FactSet
Hourly Rate Trend in the City of London

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

FactSet Hourly Rate Trend in the City of London

FactSet
Top 30 Related IT Skills in the City of London

For the 6 months to 25 May 2016, IT contractor jobs citing FactSet also mentioned the following skills in order of popularity. The figures indicate the number co-occurrences and its proportion to all contract ads across the City of London region with a requirement for FactSet.

1 9 (100.00%) Bloomberg
2 8 (88.89%) Finance
3 7 (77.78%) Reuters
4 6 (66.67%) Front Office
5 5 (55.56%) Asset Management
6 4 (44.44%) Windows 7
6 4 (44.44%) Windows
7 3 (33.33%) VBA
7 3 (33.33%) Crystal Reports
7 3 (33.33%) MS Office
7 3 (33.33%) Charles River
7 3 (33.33%) Fixed Income
7 3 (33.33%) Problem Management
7 3 (33.33%) Portfolio Management
7 3 (33.33%) Oracle BI EE
8 2 (22.22%) Investment Management
8 2 (22.22%) Hedge funds
8 2 (22.22%) Eikon
8 2 (22.22%) CQG
8 2 (22.22%) Equities
8 2 (22.22%) Financial Institution
8 2 (22.22%) Fidessa
8 2 (22.22%) MS Excel
9 1 (11.11%) TCP/IP
9 1 (11.11%) Microsoft
9 1 (11.11%) Active Directory
9 1 (11.11%) ITIL
9 1 (11.11%) HP
9 1 (11.11%) ITIL Certification
9 1 (11.11%) Foreign Exchange (FX)

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

The follow tables expand on the table above by listing co-occurrences grouped by category. The same job type, locality and period is covered with up to 20 co-occurrences shown in each of the following categories:

Applications
1 3 (33.33%) MS Office
2 2 (22.22%) MS Excel
Business Applications
1 2 (22.22%) Eikon
Communications & Networking
1 1 (11.11%) TCP/IP
Database & Business Intelligence
1 3 (33.33%) Crystal Reports
1 3 (33.33%) Oracle BI EE
General
1 8 (88.89%) Finance
2 6 (66.67%) Front Office
3 2 (22.22%) Financial Institution
Job Titles
1 3 (33.33%) Analyst
1 3 (33.33%) Applications Support
2 2 (22.22%) Business Analyst
3 1 (11.11%) Applications Specialist
3 1 (11.11%) Applications Support Specialist
3 1 (11.11%) Asset Management Analyst
3 1 (11.11%) Asset Management Business Analyst
3 1 (11.11%) Desktop Support
3 1 (11.11%) Investment Management Business Analyst
3 1 (11.11%) IT Analyst
3 1 (11.11%) IT Support
3 1 (11.11%) IT Support Analyst
3 1 (11.11%) Regulatory Business Analyst
3 1 (11.11%) Senior Analyst
3 1 (11.11%) Senior Business Analyst
3 1 (11.11%) Support Analyst
3 1 (11.11%) Support Specialist
Miscellaneous
1 3 (33.33%) Fixed Income
2 2 (22.22%) Equities
2 2 (22.22%) Hedge funds
3 1 (11.11%) BYOD
3 1 (11.11%) Credit Derivative
3 1 (11.11%) Derivative
3 1 (11.11%) Foreign Exchange (FX)
3 1 (11.11%) Mobile App
3 1 (11.11%) Smartphone
Operating Systems
1 4 (44.44%) Windows
1 4 (44.44%) Windows 7
2 1 (11.11%) Android
2 1 (11.11%) Apple iOS
2 1 (11.11%) Mac OS X
2 1 (11.11%) Windows 8
2 1 (11.11%) Windows Server
2 1 (11.11%) Windows Server 2012
Processes & Methodologies
1 5 (55.56%) Asset Management
2 3 (33.33%) Portfolio Management
2 3 (33.33%) Problem Management
3 2 (22.22%) Investment Management
4 1 (11.11%) Business Analysis
4 1 (11.11%) Data Architecture
4 1 (11.11%) Disaster Recovery
4 1 (11.11%) Fund Management
4 1 (11.11%) ITIL
4 1 (11.11%) Project Management
4 1 (11.11%) Server Monitoring
Programming Languages
1 3 (33.33%) VBA
2 1 (11.11%) PowerShell
2 1 (11.11%) SQL
Qualifications
1 1 (11.11%) ITIL Certification
Quality Assurance & Compliance
1 1 (11.11%) AIFMD
1 1 (11.11%) EMIR
1 1 (11.11%) MiFID
1 1 (11.11%) Solvency II
System Software
1 1 (11.11%) Active Directory
1 1 (11.11%) VMware Infrastructure
Vendors
1 9 (100.00%) Bloomberg
2 7 (77.78%) Reuters
3 3 (33.33%) Charles River
4 2 (22.22%) CQG
4 2 (22.22%) Fidessa
5 1 (11.11%) Apple
5 1 (11.11%) HP
5 1 (11.11%) Microsoft
5 1 (11.11%) VMware