The table below looks at the statistics for Minerva 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 Minerva over the 3 months to 28 August 2014 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
28 Aug 2014
Same period 2013 Same period 2012
Fidessa LatentZero Minerva
Rank 196 215 220
Rank change year-on-year
+19 +5
Contract jobs citing Minerva 1 4 4
As % of all contract IT jobs located in the City of London 0.017% 0.055% 0.051%
As % of the Business Applications category 0.19% 0.65% 0.59%
Number of daily rates quoted 1 3 3
Average daily rate
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£475 £463 £525
Average daily rate % change year-on-year
+2.70% -11.90%
UK excluding London average daily rate - £400 £325
% change year-on-year
- +23.07%
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
Minerva
London

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

Business Applications Category
City of London
Contract IT job ads with a match in the
Business Applications category
520 616 676
As % of all contract IT jobs located in the City of London 8.94% 8.50% 8.65%
Number of daily rates quoted 364 420 498
Average daily rate £475 £450 £500
Average daily rate % change year-on-year
+5.55% -10.00%
90% offered a daily rate of more than £350 £325 £350
10% offered a daily rate of more than £575 £625 £625
UK excluding London average daily rate £425 £400 £438
% change year-on-year
+6.25% -8.57%
Number of hourly rates quoted 4 6 5
Average hourly rate £32.03 £15.00 £48.00
Average hourly rate % change year-on-year
+113.53% -68.75%
90% offered a hourly rate of more than £23.87 £14.50 £41.05
10% offered a hourly rate of more than £32.82 £17.35 £52.21
UK excluding London average hourly rate £31.50 £17.69 £22.66
% change year-on-year
+78.06% -21.91%

Minerva
Jobs Demand Trend in the City of London

This chart provides a 3-month moving total of IT contractor jobs citing Minerva across the City of London region as a proportion of the total demand within the Business Applications category.

Minerva Jobs Demand Trend in the City of London

Minerva
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 Minerva across the City of London region.

Minerva Daily Rate Trend in the City of London

Minerva
Top 18 Related IT Skills in the City of London

For the 6 months to 28 August 2014, IT contractor jobs across the City of London region citing Minerva 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 Minerva.

1 8 (80.00%) Tesseract
2 6 (60.00%) Sentinel
3 5 (50.00%) SQL
3 5 (50.00%) Fidessa
3 5 (50.00%) LatentZero
3 5 (50.00%) Capstone
4 3 (30.00%) Investment Management
4 3 (30.00%) Portfolio Management
5 2 (20.00%) Banking
5 2 (20.00%) Stakeholder Engagement
5 2 (20.00%) Charles River
5 2 (20.00%) Finance
5 2 (20.00%) Asset Management
6 1 (10.00%) Derivative
6 1 (10.00%) thinkFolio
6 1 (10.00%) Front Office
6 1 (10.00%) Reuters
6 1 (10.00%) Bloomberg

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

For the 6 months to 28 August 2014, IT contractor jobs across the City of London region citing Minerva 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 Minerva. Up to 20 skills are shown per category.

Business Applications
1 8 (80.00%) Tesseract
2 6 (60.00%) Sentinel
3 5 (50.00%) LatentZero
3 5 (50.00%) Capstone
General
1 2 (20.00%) Finance
1 2 (20.00%) Banking
2 1 (10.00%) Front Office
Job Titles
1 10 (100.00%) Analyst
2 4 (40.00%) Support Analyst
3 3 (30.00%) Test Analyst
3 3 (30.00%) Business Analyst
4 1 (10.00%) Systems Analyst
4 1 (10.00%) Systems Test Analyst
4 1 (10.00%) Functional Analyst
Miscellaneous
1 1 (10.00%) Derivative
Processes & Methodologies
1 3 (30.00%) Investment Management
1 3 (30.00%) Portfolio Management
2 2 (20.00%) Asset Management
2 2 (20.00%) Stakeholder Engagement
Programming Languages
1 5 (50.00%) SQL
Vendors
1 5 (50.00%) Fidessa
2 2 (20.00%) Charles River
3 1 (10.00%) thinkFolio
3 1 (10.00%) Reuters
3 1 (10.00%) Bloomberg