The table below looks at the statistics 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 24 October 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.

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

Location
3 months to
24 Oct 2014
Same period 2013 Same period 2012
Sophis
Rank 206 216 203
Rank change year-on-year
+10 -13
Contract jobs citing Sophis 1 6 16
As % of all contract IT jobs located in the City of London 0.017% 0.083% 0.23%
As % of the Vendors category 0.037% 0.18% 0.52%
Number of daily rates quoted 0 6 11
Average daily rate
Keep up to 90%
of your Daily Rate
Get a Free Illustration
- £563 £500
Average daily rate % change year-on-year
- +12.50%
UK excluding London average daily rate - - -
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
Sophis
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
2699 3311 3062
As % of all contract IT jobs located in the City of London 45.10% 45.54% 43.42%
Number of daily rates quoted 1967 2315 2122
Average daily rate £425 £425 £425
90% offered a daily rate of more than £250 £263 £265
10% offered a daily rate of more than £575 £600 £600
UK excluding London average daily rate £350 £350 £350
Number of hourly rates quoted 64 90 83
Average hourly rate £17.87 £19.50 £19.00
Average hourly rate % change year-on-year
-8.38% +2.63%
90% offered a hourly rate of more than £11.50 £11.50 £13.50
10% offered a hourly rate of more than £22.25 £28.50 £42.00
UK excluding London average hourly rate £18.00 £18.11 £19.00
% change year-on-year
-0.62% -4.67%

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 5 Related IT Skills in the City of London

For the 6 months to 24 October 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 1 (100.00%) Bloomberg
1 1 (100.00%) Charles River
1 1 (100.00%) Front Office
1 1 (100.00%) Asset Management
1 1 (100.00%) FactSet

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

For the 6 months to 24 October 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.

General
1 1 (100.00%) Front Office
Job Titles
1 1 (100.00%) Applications Support
Processes & Methodologies
1 1 (100.00%) Asset Management
Vendors
1 1 (100.00%) Bloomberg
1 1 (100.00%) Charles River
1 1 (100.00%) FactSet