The table below looks at the statistics for Summit skills 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 Summit over the 3 months to 25 August 2016 with a comparison to the same period over 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.

3 months to
25 Aug 2016
Same period 2015 Same period 2014
Misys FusionCapital Summit
Rank 168 206 202
Rank change year-on-year
+38 -4
Contract jobs citing Summit 3 4 3
As % of all contract IT jobs located in the City of London 0.085% 0.073% 0.051%
As % of the Business Applications category 1.23% 0.94% 0.52%
Number of daily rates quoted 3 3 2
Median daily rate £675 £525 £523
Median daily rate % change year-on-year
+28.57% +0.47%
90% offered a daily rate of more than £635 £445 £505
10% offered a daily rate of more than £715 £645 £541
UK excluding London median daily rate £450 £458 £190
% change year-on-year
-1.63% +140.78%
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median hourly rate - - -
Summit
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
244 426 575
As % of all contract IT jobs located in the City of London 6.94% 7.73% 9.76%
Number of daily rates quoted 170 284 383
Median daily rate £450 £475 £475
Median daily rate % change year-on-year
-5.26% -
90% offered a daily rate of more than £352 £267 £350
10% offered a daily rate of more than £604 £629 £575
UK excluding London median daily rate £425 £423 £422
% change year-on-year
+0.59% +0.17%
Number of hourly rates quoted 1 2 5
Median hourly rate £32.50 £34.50 £32.03
Median hourly rate % change year-on-year
-5.79% +7.71%
UK excluding London median hourly rate £37.00 £21.64 £29.00
% change year-on-year
+70.97% -25.37%

Summit
Jobs Demand Trend in the City of London

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

Summit Jobs Demand Trend in the City of London

Summit
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 Summit across the City of London region.

Summit Daily Rate Trend in the City of London

Summit
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 Summit across the City of London region.

Summit Hourly Rate Trend in the City of London

Summit
Top 30 Related IT Skills in the City of London

For the 6 months to 25 August 2016, IT contractor jobs citing Summit 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 Summit.

1 7 (100.00%) Murex
2 6 (85.71%) Calypso
3 4 (57.14%) Business Analysis
4 3 (42.86%) Banking
4 3 (42.86%) Front Office
4 3 (42.86%) Foreign Exchange (FX)
4 3 (42.86%) Derivative
5 2 (28.57%) MS Visio
5 2 (28.57%) Finance
5 2 (28.57%) Investment Banking
5 2 (28.57%) Migration
5 2 (28.57%) Stakeholder Management
5 2 (28.57%) Fixed Income
6 1 (14.29%) Risk Assessment
6 1 (14.29%) Sophis
6 1 (14.29%) Agile Software Development
6 1 (14.29%) MS PowerPoint
6 1 (14.29%) Legal
6 1 (14.29%) ION Trading
6 1 (14.29%) Back Office
6 1 (14.29%) Financial Institution
6 1 (14.29%) FpML
6 1 (14.29%) Project Management
6 1 (14.29%) SQL
6 1 (14.29%) MS Project
6 1 (14.29%) XML
6 1 (14.29%) MS Excel
6 1 (14.29%) MiFID
6 1 (14.29%) Yolus
6 1 (14.29%) Market Risk

Summit
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 2 (28.57%) MS Visio
2 1 (14.29%) MS Excel
2 1 (14.29%) MS PowerPoint
2 1 (14.29%) MS Project
Database & Business Intelligence
1 1 (14.29%) KDB
General
1 3 (42.86%) Banking
1 3 (42.86%) Front Office
2 2 (28.57%) Finance
2 2 (28.57%) Investment Banking
3 1 (14.29%) Back Office
3 1 (14.29%) Financial Institution
3 1 (14.29%) Legal
Job Titles
1 4 (57.14%) Analyst
1 4 (57.14%) Business Analyst
2 3 (42.86%) Project Manager
3 2 (28.57%) Murex Project Manager
4 1 (14.29%) Banking Project Manager
4 1 (14.29%) Business IT Analyst
4 1 (14.29%) Calypso Business Analyst
4 1 (14.29%) Data Business Analyst
4 1 (14.29%) FX Business Analyst
4 1 (14.29%) Investment Banking Business Analyst
4 1 (14.29%) Investment Banking Project Manager
4 1 (14.29%) IT Analyst
4 1 (14.29%) Market Data Analyst
4 1 (14.29%) Market Data Business Analyst
4 1 (14.29%) Risk Project Manager
4 1 (14.29%) Senior Analyst
4 1 (14.29%) Senior Business Analyst
4 1 (14.29%) Senior Manager
4 1 (14.29%) Senior Project Manager
4 1 (14.29%) Senior Risk Manager
Libraries, Frameworks & Software Standards
1 1 (14.29%) FpML
1 1 (14.29%) XML
Miscellaneous
1 3 (42.86%) Derivative
1 3 (42.86%) Foreign Exchange (FX)
2 2 (28.57%) Fixed Income
3 1 (14.29%) Market Risk
3 1 (14.29%) OTC Derivatives
3 1 (14.29%) SWIFT
Processes & Methodologies
1 4 (57.14%) Business Analysis
2 2 (28.57%) Migration
2 2 (28.57%) Stakeholder Management
3 1 (14.29%) Agile Software Development
3 1 (14.29%) Defect Tracking
3 1 (14.29%) Project Management
3 1 (14.29%) Risk Assessment
3 1 (14.29%) Stress Testing
Programming Languages
1 1 (14.29%) SQL
Quality Assurance & Compliance
1 1 (14.29%) MiFID
Vendors
1 7 (100.00%) Murex
2 6 (85.71%) Calypso
3 1 (14.29%) ION Trading
3 1 (14.29%) Sophis
3 1 (14.29%) Yolus