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 average contractor rates offered in IT contracts that have cited Summit over the 3 months to 30 April 2016 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.

3 months to
30 Apr 2016
Same period 2015 Same period 2014
Misys FusionCapital Summit
Rank 150 194 200
Rank change year-on-year
+44 +6
Contract jobs citing Summit 4 2 12
As % of all contract IT jobs located in the City of London 0.11% 0.036% 0.19%
As % of the Business Applications category 1.71% 0.43% 2.39%
Number of daily rates quoted 1 2 9
Average daily rate £575 £563 £600
Average daily rate % change year-on-year
+2.22% -6.25%
UK excluding London average daily rate £485 - £563
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - £35.00
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
234 469 502
As % of all contract IT jobs located in the City of London 6.70% 8.53% 8.04%
Number of daily rates quoted 172 334 357
Average daily rate £500 £500 £450
Average daily rate % change year-on-year
- +11.11%
90% offered a daily rate of more than £350 £375 £310
10% offered a daily rate of more than £650 £650 £650
UK excluding London average daily rate £425 £425 £400
% change year-on-year
- +6.25%
Number of hourly rates quoted 4 1 3
Average hourly rate £21.38 £17.00 £50.00
Average hourly rate % change year-on-year
+25.73% -66.00%
90% offered a hourly rate of more than £16.75 £17.00 £31.50
10% offered a hourly rate of more than £26.00 £17.00 £56.25
UK excluding London average hourly rate £27.50 £29.42 £37.49
% change year-on-year
-6.51% -21.53%

Summit
Jobs Demand Trend in the City of London

This chart provides a 3-month moving total of IT contractor jobs citing Summit across the City of London region as a proportion of the total demand within 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 30 April 2016, IT contractor jobs across the City of London region citing Summit 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 Summit.

1 9 (75.00%) Murex
1 9 (75.00%) Calypso
2 7 (58.33%) Front Office
3 5 (41.67%) Derivative
4 4 (33.33%) Foreign Exchange (FX)
5 3 (25.00%) Migration
5 3 (25.00%) Stakeholder Management
5 3 (25.00%) Banking
5 3 (25.00%) Investment Banking
5 3 (25.00%) Business Analysis
5 3 (25.00%) User Acceptance Testing
6 2 (16.67%) Interest Rate Derivative
6 2 (16.67%) Project Management
6 2 (16.67%) Technical Architecture
6 2 (16.67%) Electronic Trading
6 2 (16.67%) Fixed Income
6 2 (16.67%) SQL
7 1 (8.33%) Change Management
7 1 (8.33%) XML
7 1 (8.33%) Unix
7 1 (8.33%) Windows
7 1 (8.33%) SLA
7 1 (8.33%) Bloomberg
7 1 (8.33%) FpML
7 1 (8.33%) Programme Management
7 1 (8.33%) Back Office
7 1 (8.33%) Finance
7 1 (8.33%) Legal
7 1 (8.33%) Agile Software Development
7 1 (8.33%) Data Migration

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

For the 6 months to 30 April 2016, IT contractor jobs across the City of London region citing Summit 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 Summit. Up to 20 skills are shown per category.

General
1 7 (58.33%) Front Office
2 3 (25.00%) Banking
2 3 (25.00%) Investment Banking
3 1 (8.33%) Back Office
3 1 (8.33%) Finance
3 1 (8.33%) Legal
Job Titles
1 6 (50.00%) Analyst
2 5 (41.67%) Project Manager
3 4 (33.33%) Business Analyst
3 4 (33.33%) Murex Project Manager
4 2 (16.67%) Senior Analyst
4 2 (16.67%) Senior Business Analyst
4 2 (16.67%) Senior Manager
4 2 (16.67%) Senior Project Manager
5 1 (8.33%) Applications Support
5 1 (8.33%) Applications Support Analyst
5 1 (8.33%) FX Business Analyst
5 1 (8.33%) Investment Banking Business Analyst
5 1 (8.33%) Market Data Analyst
5 1 (8.33%) Murex Analyst
5 1 (8.33%) Murex Business Analyst
5 1 (8.33%) Programme Manager
5 1 (8.33%) Project Analyst
5 1 (8.33%) Summit Business Analyst
5 1 (8.33%) Support Analyst
5 1 (8.33%) Test Manager
Libraries, Frameworks & Software Standards
1 1 (8.33%) FpML
1 1 (8.33%) XML
Miscellaneous
1 5 (41.67%) Derivative
2 4 (33.33%) Foreign Exchange (FX)
3 2 (16.67%) Fixed Income
3 2 (16.67%) Interest Rate Derivative
4 1 (8.33%) Contract for Difference
4 1 (8.33%) Swaptions
Operating Systems
1 1 (8.33%) Unix
1 1 (8.33%) Windows
Processes & Methodologies
1 3 (25.00%) Business Analysis
1 3 (25.00%) Migration
1 3 (25.00%) Stakeholder Management
1 3 (25.00%) User Acceptance Testing
2 2 (16.67%) Electronic Trading
2 2 (16.67%) Project Management
2 2 (16.67%) Technical Architecture
3 1 (8.33%) Agile Software Development
3 1 (8.33%) Change Management
3 1 (8.33%) Data Migration
3 1 (8.33%) Integration Testing
3 1 (8.33%) Programme Management
3 1 (8.33%) Release Management
3 1 (8.33%) System Integration Testing
3 1 (8.33%) Technical Analysis
3 1 (8.33%) Test Automation
3 1 (8.33%) Test Strategy
Programming Languages
1 2 (16.67%) SQL
Quality Assurance & Compliance
1 1 (8.33%) SLA
Vendors
1 9 (75.00%) Calypso
1 9 (75.00%) Murex
2 1 (8.33%) Bloomberg