The first table below looks at the demand for knowledge and experience of Sophis products and/or services 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 Sophis over the 3 months to 28 July 2014 with a comparison to the same period in the previous 2 years. The second table is for comparison and provides aggregates for all Vendors for the City of London 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.

The figures below represent the IT contractor job market in general and are NOT representative of contractor rates within Sophis.

Location
3 months to
28 Jul 2014
Same period 2013 Same period 2012
Sophis
Rank - 203 212
Contract jobs citing Sophis 0 10 20
As % of all contract IT jobs located in the City of London - 0.14% 0.26%
As % of the Vendors category - 0.31% 0.59%
Number of daily rates quoted 0 5 13
Average daily rate
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of your Daily Rate
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- £315 £500
Average daily rate % change year-on-year
- -37.00%
UK excluding London average daily rate - £600 -
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
Vendors Category
City of London
Contract IT job ads with a match in the
Vendors category
2606 3268 3375
As % of all contract IT jobs located in the City of London 44.55% 45.95% 43.16%
Number of daily rates quoted 1814 2279 2325
Average daily rate £425 £425 £425
90% offered a daily rate of more than £238 £275 £270
10% offered a daily rate of more than £600 £600 £600
UK excluding London average daily rate £350 £350 £350
Number of hourly rates quoted 53 117 95
Average hourly rate £21.75 £22.50 £20.00
Average hourly rate % change year-on-year
-3.33% +12.50%
90% offered a hourly rate of more than £12.50 £12.00 £13.78
10% offered a hourly rate of more than £34.50 £54.00 £38.90
UK excluding London average hourly rate £17.50 £19.50 £19.21
% change year-on-year
-10.25% +1.50%
Sophis
London

Sophis
Jobs Demand Trend in the City of London

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

Sophis Jobs Demand Trend in the City of London

Sophis
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 Sophis across the City of London region.

Sophis Daily Rate Trend in the City of London

Sophis
Top 23 Related IT Skills in the City of London

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

1 3 (75.00%) Murex
1 3 (75.00%) Derivative
2 2 (50.00%) Equity Derivative
2 2 (50.00%) Calypso
2 2 (50.00%) Front Office
2 2 (50.00%) Migration
2 2 (50.00%) Summit
3 1 (25.00%) Banking
3 1 (25.00%) Credit Derivative
3 1 (25.00%) Risk Management
3 1 (25.00%) Workflow
3 1 (25.00%) Finance
3 1 (25.00%) Foreign Exchange (FX)
3 1 (25.00%) C#
3 1 (25.00%) C++
3 1 (25.00%) Java
3 1 (25.00%) SQL
3 1 (25.00%) XML
3 1 (25.00%) XSLT
3 1 (25.00%) Energy Derivatives
3 1 (25.00%) Credit Risk
3 1 (25.00%) Monte Carlo Method
3 1 (25.00%) Analytics

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

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

Business Applications
1 2 (50.00%) Summit
General
1 2 (50.00%) Front Office
2 1 (25.00%) Finance
2 1 (25.00%) Banking
Job Titles
1 3 (75.00%) Analyst
2 2 (50.00%) Support Analyst
3 1 (25.00%) Functional Analyst
3 1 (25.00%) Murex Support
3 1 (25.00%) Murex Analyst
3 1 (25.00%) Murex Support Analyst
3 1 (25.00%) Sophis Business Analyst
3 1 (25.00%) Sophis Support Analyst
3 1 (25.00%) Business Systems Analyst
3 1 (25.00%) Systems Analyst
3 1 (25.00%) Business Analyst
Libraries, Frameworks & Software Standards
1 1 (25.00%) XML
1 1 (25.00%) XSLT
Miscellaneous
1 3 (75.00%) Derivative
2 2 (50.00%) Equity Derivative
3 1 (25.00%) Energy Derivatives
3 1 (25.00%) Credit Risk
3 1 (25.00%) Foreign Exchange (FX)
3 1 (25.00%) Credit Derivative
Processes & Methodologies
1 2 (50.00%) Migration
2 1 (25.00%) Monte Carlo Method
2 1 (25.00%) Analytics
2 1 (25.00%) Risk Management
2 1 (25.00%) Workflow
Programming Languages
1 1 (25.00%) C#
1 1 (25.00%) C++
1 1 (25.00%) Java
1 1 (25.00%) SQL
Vendors
1 3 (75.00%) Murex
2 2 (50.00%) Calypso