The first table below looks at the demand 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 14 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 of the Business Applications category 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.

Location
3 months to
14 Jul 2014
Same period 2013 Same period 2012
Misys Summit
Rank 186 186 193
Rank change year-on-year
0 +7
Contract jobs citing Summit 8 36 30
As % of all contract IT jobs located in the City of London 0.14% 0.51% 0.38%
As % of the Business Applications category 1.62% 5.83% 4.68%
Number of daily rates quoted 5 21 27
Average daily rate
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£563 £600 £550
Average daily rate % change year-on-year
-6.25% +9.09%
90% offered a daily rate of more than £510 £525 £290
10% offered a daily rate of more than £585 £700 £800
UK excluding London average daily rate £411 £350 £325
% change year-on-year
+17.50% +7.69%
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate £19.50 £17.23 -
% change year-on-year
+13.20% -
Business Applications Category
City of London
Contract IT job ads with a match in the
Business Applications category
493 618 641
As % of all contract IT jobs located in the City of London 8.64% 8.77% 8.21%
Number of daily rates quoted 340 435 454
Average daily rate £475 £450 £475
Average daily rate % change year-on-year
+5.55% -5.26%
90% offered a daily rate of more than £300 £325 £313
10% offered a daily rate of more than £625 £605 £650
UK excluding London average daily rate £413 £425 £433
% change year-on-year
-2.94% -1.73%
Number of hourly rates quoted 2 9 6
Average hourly rate £32.43 £32.58 £48.00
Average hourly rate % change year-on-year
-0.47% -32.12%
90% offered a hourly rate of more than £32.03 £12.00 £41.05
10% offered a hourly rate of more than £32.82 £39.51 £62.95
UK excluding London average hourly rate £32.00 £36.90 £37.00
% change year-on-year
-13.27% -0.27%
Summit
London

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 14 July 2014, 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 (52.94%) Banking
2 7 (41.18%) SQL
2 7 (41.18%) Murex
3 6 (35.29%) Front Office
3 6 (35.29%) Migration
3 6 (35.29%) Investment Banking
4 5 (29.41%) Foreign Exchange (FX)
5 4 (23.53%) Analytics
5 4 (23.53%) Derivative
5 4 (23.53%) Fixed Income
5 4 (23.53%) Data Management
6 3 (17.65%) Calypso
6 3 (17.65%) UNIX
6 3 (17.65%) C++
6 3 (17.65%) Sybase
7 2 (11.76%) Oracle
7 2 (11.76%) Windows
7 2 (11.76%) Sophis
7 2 (11.76%) Risk Management
7 2 (11.76%) Workflow
7 2 (11.76%) Finance
7 2 (11.76%) Validation
7 2 (11.76%) Oracle Database
8 1 (5.88%) EMIR
8 1 (5.88%) Dodd-Frank
8 1 (5.88%) Business Analysis
8 1 (5.88%) Interest Rate Derivative
8 1 (5.88%) Energy Derivatives
8 1 (5.88%) Degree
8 1 (5.88%) French Language

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

For the 6 months to 14 July 2014, 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.

Communications & Networking
1 1 (5.88%) Internet
Database & Business Intelligence
1 2 (11.76%) Oracle Database
2 1 (5.88%) Data Mining
General
1 9 (52.94%) Banking
2 6 (35.29%) Investment Banking
2 6 (35.29%) Front Office
3 2 (11.76%) Finance
4 1 (5.88%) Back Office
4 1 (5.88%) French Language
Job Titles
1 8 (47.06%) Analyst
2 4 (23.53%) Consultant
3 3 (17.65%) Quantitative Analyst
4 2 (11.76%) Administrator
4 2 (11.76%) DBA
4 2 (11.76%) Trainer
4 2 (11.76%) Business Analyst
4 2 (11.76%) Oracle DBA
5 1 (5.88%) Sybase Developer
5 1 (5.88%) Developer
5 1 (5.88%) Architect
5 1 (5.88%) Project Manager
5 1 (5.88%) Applications Developer
5 1 (5.88%) Information Architect
5 1 (5.88%) Support Analyst
5 1 (5.88%) Applications Support
5 1 (5.88%) Senior Business Analyst
5 1 (5.88%) Senior Analyst
5 1 (5.88%) Senior Consultant
5 1 (5.88%) Murex Support
Libraries, Frameworks & Software Standards
1 1 (5.88%) XML
1 1 (5.88%) XSLT
Miscellaneous
1 5 (29.41%) Foreign Exchange (FX)
2 4 (23.53%) Fixed Income
2 4 (23.53%) Derivative
3 1 (5.88%) Interest Rate Derivative
3 1 (5.88%) Energy Derivatives
3 1 (5.88%) Credit Risk
3 1 (5.88%) Grid Computing
3 1 (5.88%) CESG
3 1 (5.88%) Tandem
3 1 (5.88%) Credit Derivative
Operating Systems
1 3 (17.65%) UNIX
2 2 (11.76%) Windows
3 1 (5.88%) Linux
Processes & Methodologies
1 6 (35.29%) Migration
2 4 (23.53%) Data Management
2 4 (23.53%) Analytics
3 2 (11.76%) Risk Management
3 2 (11.76%) Workflow
3 2 (11.76%) Validation
4 1 (5.88%) Stakeholder Management
4 1 (5.88%) Agile Software Development
4 1 (5.88%) PRINCE2
4 1 (5.88%) Six Sigma
4 1 (5.88%) Project Management
4 1 (5.88%) Service Delivery
4 1 (5.88%) Business Analysis
4 1 (5.88%) Risk Analysis
4 1 (5.88%) Stress Testing
4 1 (5.88%) Monte Carlo Method
4 1 (5.88%) Information Assurance
4 1 (5.88%) Security Architecture
Programming Languages
1 7 (41.18%) SQL
2 3 (17.65%) C++
3 1 (5.88%) C#
Qualifications
1 1 (5.88%) PMP
1 1 (5.88%) PMI Certification
1 1 (5.88%) Degree
Quality Assurance & Compliance
1 1 (5.88%) ISO 9001
1 1 (5.88%) ISO 14001
1 1 (5.88%) EMIR
1 1 (5.88%) Dodd-Frank
Vendors
1 7 (41.18%) Murex
2 3 (17.65%) Calypso
2 3 (17.65%) Sybase
3 2 (11.76%) Oracle
3 2 (11.76%) Sophis