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 27 February 2015 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.

Location
3 months to
27 Feb 2015
Same period 2014 Same period 2013
Misys Summit
Rank 180 188 183
Rank change year-on-year
+8 -5
Contract jobs citing Summit 4 12 11
As % of all contract IT jobs located in the City of London 0.078% 0.21% 0.19%
As % of the Business Applications category 0.96% 2.61% 2.44%
Number of daily rates quoted 4 10 5
Average daily rate
Keep up to 90%
of your Daily Rate
Get a Free Illustration
£538 £550 £500
Average daily rate % change year-on-year
-2.27% +10.00%
90% offered a daily rate of more than £385 £468 £360
10% offered a daily rate of more than £620 £605 £578
UK excluding London average daily rate £436 £425 £160
% change year-on-year
+2.64% +165.62%
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate £15.08 £35.00 -
% change year-on-year
-56.92% -
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
418 460 450
As % of all contract IT jobs located in the City of London 8.14% 7.93% 7.87%
Number of daily rates quoted 302 308 323
Average daily rate £500 £450 £475
Average daily rate % change year-on-year
+11.11% -5.26%
90% offered a daily rate of more than £320 £316 £350
10% offered a daily rate of more than £650 £625 £600
UK excluding London average daily rate £425 £413 £413
% change year-on-year
+3.03% -
Number of hourly rates quoted 2 4 1
Average hourly rate £31.25 £27.56 £49.00
Average hourly rate % change year-on-year
+13.38% -43.75%
UK excluding London average hourly rate £18.00 £23.00 £37.80
% change year-on-year
-21.73% -39.15%

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
Daily Rate Histogram in the City of London

This chart provides a histogram of daily rates quoted in contract IT jobs citing Summit across the City of London region over the 3 months to 27 February 2015.

Summit Daily Rate Histogram 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 27 February 2015, 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 8 (61.54%) Banking
2 7 (53.85%) Front Office
3 4 (30.77%) Risk Management
3 4 (30.77%) Bloomberg
3 4 (30.77%) Market Risk
3 4 (30.77%) User Acceptance Testing
3 4 (30.77%) Analytics
3 4 (30.77%) Analytical Skills
4 3 (23.08%) FpML
4 3 (23.08%) C++
4 3 (23.08%) SQL
4 3 (23.08%) XML
4 3 (23.08%) Murex
4 3 (23.08%) Derivative
4 3 (23.08%) Degree
5 2 (15.38%) ISEB Practitioner
5 2 (15.38%) Investment Banking
5 2 (15.38%) Business Analysis
5 2 (15.38%) Software Testing
5 2 (15.38%) Microsoft
5 2 (15.38%) Equities
5 2 (15.38%) PowerMart
5 2 (15.38%) MKS
5 2 (15.38%) Data Warehouse
5 2 (15.38%) Perl
5 2 (15.38%) VBA
5 2 (15.38%) Oracle
5 2 (15.38%) Visual Studio
5 2 (15.38%) ISEB
5 2 (15.38%) Informatica

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

For the 6 months to 27 February 2015, 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.

Applications
1 1 (7.69%) MS Excel
Database & Business Intelligence
1 2 (15.38%) Data Warehouse
1 2 (15.38%) PowerMart
1 2 (15.38%) Relational Database
2 1 (7.69%) SQL Server
2 1 (7.69%) MS Access
Development Applications
1 2 (15.38%) Visual Studio
1 2 (15.38%) QuickTest Pro
General
1 8 (61.54%) Banking
2 7 (53.85%) Front Office
3 2 (15.38%) Investment Banking
4 1 (7.69%) Finance
Job Titles
1 6 (46.15%) Analyst
2 5 (38.46%) Business Analyst
3 3 (23.08%) Developer
3 3 (23.08%) C++ Developer
4 2 (15.38%) Summit Developer
4 2 (15.38%) Risk Analyst
5 1 (7.69%) IT Business Analyst
5 1 (7.69%) Credit Risk Analyst
5 1 (7.69%) Market Analyst
5 1 (7.69%) C++/C# Developer
5 1 (7.69%) Defect Manager
5 1 (7.69%) Credit Analyst
5 1 (7.69%) Credit Risk Business Analyst
5 1 (7.69%) C# Developer
5 1 (7.69%) Technical Specialist
5 1 (7.69%) Technical Support Specialist
5 1 (7.69%) Test Manager
5 1 (7.69%) Consultant
5 1 (7.69%) Front Office Developer
5 1 (7.69%) Systems Support
Libraries, Frameworks & Software Standards
1 3 (23.08%) XML
1 3 (23.08%) FpML
2 1 (7.69%) WinForms
2 1 (7.69%) Castor
Miscellaneous
1 4 (30.77%) Market Risk
1 4 (30.77%) Analytical Skills
2 3 (23.08%) Derivative
3 2 (15.38%) SWIFT
3 2 (15.38%) Equities
4 1 (7.69%) Mathematics
4 1 (7.69%) Credit Risk
Operating Systems
1 1 (7.69%) UNIX
1 1 (7.69%) Windows
Processes & Methodologies
1 4 (30.77%) Risk Management
1 4 (30.77%) User Acceptance Testing
1 4 (30.77%) Analytics
2 2 (15.38%) Test Strategy
2 2 (15.38%) Business Analysis
2 2 (15.38%) Software Testing
3 1 (7.69%) OO
3 1 (7.69%) OOD
3 1 (7.69%) Project Management
3 1 (7.69%) Workflow
3 1 (7.69%) Agile Software Development
3 1 (7.69%) Asset Management
3 1 (7.69%) Data Reconciliation
3 1 (7.69%) Stress Testing
3 1 (7.69%) Multithreading
3 1 (7.69%) Monte Carlo Method
Programming Languages
1 3 (23.08%) C++
1 3 (23.08%) SQL
2 2 (15.38%) Perl
2 2 (15.38%) VBA
3 1 (7.69%) Python
3 1 (7.69%) MATLAB
3 1 (7.69%) C#
3 1 (7.69%) T-SQL
Qualifications
1 3 (23.08%) Degree
2 2 (15.38%) ISEB
2 2 (15.38%) ISEB Practitioner
Quality Assurance & Compliance
1 1 (7.69%) QA
1 1 (7.69%) FATCA
1 1 (7.69%) EMIR
1 1 (7.69%) Dodd-Frank
Systems Management
1 2 (15.38%) Control-M
1 2 (15.38%) HP Quality Center
Vendors
1 4 (30.77%) Bloomberg
2 3 (23.08%) Murex
3 2 (15.38%) Oracle
3 2 (15.38%) Microsoft
3 2 (15.38%) MKS
3 2 (15.38%) Informatica
4 1 (7.69%) Reuters
4 1 (7.69%) DevExpress
4 1 (7.69%) Misys
4 1 (7.69%) Calypso