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 contractor rates offered in IT contracts that have cited Sophis over the 3 months to 21 February 2017 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 Misys FusionCapital Sophis.

3 months to
21 Feb 2017
Same period 2016 Same period 2015
Sophis
London / City of London
Rank 151 148 190
Rank change year-on-year
-3 +42
Contract jobs citing Sophis 2 2 1
As % of all contract IT jobs located in the City of London 0.068% 0.064% 0.019%
As % of the Vendors category 0.16% 0.16% 0.045%
Number of daily rates quoted 1 2 1
Median daily rate £550 £498 £675
Median daily rate % change year-on-year
+10.55% -26.29%
UK excluding London median daily rate - - -
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median hourly rate - - -

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
1225 1252 2211
As % of all contract IT jobs located in the City of London 41.54% 39.89% 43.09%
Number of daily rates quoted 926 933 1628
Median daily rate £450 £430 £422
Median daily rate % change year-on-year
+4.65% +1.89%
90% offered a daily rate of more than £300 £275 £263
10% offered a daily rate of more than £620 £600 £575
UK excluding London median daily rate £395 £380 £375
% change year-on-year
+3.94% +1.33%
Number of hourly rates quoted 15 14 41
Median hourly rate £19.00 £24.00 £20.45
Median hourly rate % change year-on-year
-20.83% +17.38%
90% offered a hourly rate of more than £12.51 £10.00 £13.00
10% offered a hourly rate of more than £55.00 £30.00 £28.80
UK excluding London median hourly rate £17.30 £21.50 £17.50
% change year-on-year
-19.53% +22.85%

Sophis
Jobs Demand Trend in the City of London

The demand trend of contract jobs across the City of London region citing Sophis as a proportion of all IT contracts with a match in 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 12 Related IT Skills in the City of London

For the 6 months to 21 February 2017, IT contractor jobs citing Sophis 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 Sophis.

1 2 (100.00%) Front Office
1 2 (100.00%) Sophis RISQUE
1 2 (100.00%) Banking
1 2 (100.00%) Derivative
1 2 (100.00%) Equity Derivative
2 1 (50.00%) Investment Banking
2 1 (50.00%) Workflow
2 1 (50.00%) Unix
2 1 (50.00%) Windows
2 1 (50.00%) Citrix
2 1 (50.00%) Reuters
2 1 (50.00%) Bloomberg

Sophis
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:

Business Applications
1 2 (100.00%) Sophis RISQUE
General
1 2 (100.00%) Banking
1 2 (100.00%) Front Office
2 1 (50.00%) Investment Banking
Job Titles
1 1 (50.00%) Applications Support
Miscellaneous
1 2 (100.00%) Derivative
1 2 (100.00%) Equity Derivative
Operating Systems
1 1 (50.00%) Unix
1 1 (50.00%) Windows
Processes & Methodologies
1 1 (50.00%) Workflow
Vendors
1 1 (50.00%) Bloomberg
1 1 (50.00%) Citrix
1 1 (50.00%) Reuters