The table below looks at the prevalence of the term SWIFT 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 SWIFT over the 3 months to 17 April 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
17 Apr 2015
Same period 2014 Same period 2013
Society for Worldwide Interbank Financial Telecommunication (SWIFT)
Rank 157 196 171
Rank change year-on-year
+39 -25
Contract jobs citing SWIFT 33 15 35
As % of all contract IT jobs located in the City of London 0.61% 0.23% 0.55%
As % of the Miscellaneous category 1.66% 0.60% 1.50%
Number of daily rates quoted 14 7 18
Average daily rate
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£488 £550 £500
Average daily rate % change year-on-year
-11.36% +10.00%
90% offered a daily rate of more than £290 £520 £391
10% offered a daily rate of more than £593 £590 £589
UK excluding London average daily rate £383 £415 £420
% change year-on-year
-7.83% -1.19%
Number of hourly rates quoted 1 0 0
Average hourly rate £95.00 - -
UK excluding London average hourly rate - - £17.25
SWIFT
London

The following table is for comparison with the above and provides statistics for the entire Miscellaneous category in contract jobs advertised in the City of London region.

Miscellaneous Category
City of London
Contract IT job ads with a match in the
Miscellaneous category
1993 2500 2330
As % of all contract IT jobs located in the City of London 36.65% 38.59% 36.93%
Number of daily rates quoted 1506 1858 1736
Average daily rate £475 £475 £475
90% offered a daily rate of more than £275 £290 £300
10% offered a daily rate of more than £625 £650 £625
UK excluding London average daily rate £375 £350 £340
% change year-on-year
+7.14% +2.94%
Number of hourly rates quoted 32 36 52
Average hourly rate £18.70 £22.50 £22.00
Average hourly rate % change year-on-year
-16.88% +2.27%
90% offered a hourly rate of more than £13.70 £13.17 £15.75
10% offered a hourly rate of more than £60.50 £41.00 £135.00
UK excluding London average hourly rate £19.00 £20.50 £23.50
% change year-on-year
-7.31% -12.76%

SWIFT
Jobs Demand Trend in the City of London

This chart provides a 3-month moving total of IT contractor jobs citing SWIFT across the City of London region as a proportion of the total demand within the Miscellaneous category.

SWIFT Jobs Demand Trend in the City of London

SWIFT
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 SWIFT across the City of London region.

SWIFT Daily Rate Trend in the City of London

SWIFT
Daily Rate Histogram in the City of London

This chart provides a histogram of daily rates quoted in contract IT jobs citing SWIFT across the City of London region over the 3 months to 17 April 2015.

SWIFT Daily Rate Histogram in the City of London

SWIFT
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 SWIFT across the City of London region.

SWIFT Hourly Rate Trend in the City of London

SWIFT
Top 30 Related IT Skills in the City of London

For the 6 months to 17 April 2015, IT contractor jobs across the City of London region citing SWIFT 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 SWIFT.

1 53 (81.54%) Banking
2 49 (75.38%) Finance
3 31 (47.69%) User Acceptance Testing
4 24 (36.92%) Integration Testing
4 24 (36.92%) Financial Institution
5 16 (24.62%) Oracle
5 16 (24.62%) Business Analysis
5 16 (24.62%) Cash Management
6 15 (23.08%) QA
7 13 (20.00%) Project Management
7 13 (20.00%) System Testing
8 12 (18.46%) Linux
8 12 (18.46%) Validation
9 11 (16.92%) Requirements Analysis
9 11 (16.92%) Oracle Cash Management
10 10 (15.38%) CMS
10 10 (15.38%) UNIX
11 9 (13.85%) Waterfall
12 8 (12.31%) Analytical Skills
12 8 (12.31%) SQL
12 8 (12.31%) Back Office
12 8 (12.31%) Investment Banking
12 8 (12.31%) Systems Analysis
13 7 (10.77%) Retail Banking
13 7 (10.77%) Retail
13 7 (10.77%) Fixed Income
13 7 (10.77%) Middleware
14 6 (9.23%) MS Excel
14 6 (9.23%) Front Office
15 5 (7.69%) Derivative

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

For the 6 months to 17 April 2015, IT contractor jobs across the City of London region citing SWIFT 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 SWIFT. Up to 20 skills are shown per category.

Application Platforms
1 10 (15.38%) CMS
2 4 (6.15%) BizTalk Server
3 1 (1.54%) WebSphere
Applications
1 6 (9.23%) MS Excel
2 4 (6.15%) MS PowerPoint
3 3 (4.62%) MS Visio
4 2 (3.08%) MS Project
4 2 (3.08%) MS Office
Business Applications
1 11 (16.92%) Oracle Cash Management
2 2 (3.08%) Oracle Applications
2 2 (3.08%) FLEXCUBE
3 1 (1.54%) Temenos T24
3 1 (1.54%) Temenos Globus
3 1 (1.54%) MetaTrader
Communications & Networking
1 1 (1.54%) FTP
Database & Business Intelligence
1 4 (6.15%) RDBMS
1 4 (6.15%) Relational Database
2 2 (3.08%) Data Mining
3 1 (1.54%) SQL Server
3 1 (1.54%) MS Access
3 1 (1.54%) Data Warehouse
Development Applications
1 2 (3.08%) Toad
2 1 (1.54%) QuickTest Pro
2 1 (1.54%) Git (software)
2 1 (1.54%) Jenkins
General
1 53 (81.54%) Banking
2 49 (75.38%) Finance
3 24 (36.92%) Financial Institution
4 8 (12.31%) Investment Banking
4 8 (12.31%) Back Office
5 7 (10.77%) Retail Banking
5 7 (10.77%) Retail
6 6 (9.23%) Front Office
7 1 (1.54%) Legal
7 1 (1.54%) Wholesale Banking
7 1 (1.54%) Corporate Banking
Job Titles
1 47 (72.31%) Analyst
2 19 (29.23%) Systems Analyst
3 16 (24.62%) Business Analyst
4 12 (18.46%) Tester
4 12 (18.46%) Systems Tester
5 7 (10.77%) Payments Business Analyst
6 6 (9.23%) Banking Business Analyst
7 5 (7.69%) Banking Analyst
7 5 (7.69%) Applications Support
8 4 (6.15%) Analyst Programmer
8 4 (6.15%) Programmer
8 4 (6.15%) Support Analyst
8 4 (6.15%) Architect
8 4 (6.15%) Java Programmer
8 4 (6.15%) Applications Support Analyst
8 4 (6.15%) Java Analyst Programmer
8 4 (6.15%) Operations Analyst
9 3 (4.62%) Solutions Architect
10 2 (3.08%) Project Manager
10 2 (3.08%) Developer
Libraries, Frameworks & Software Standards
1 7 (10.77%) Middleware
2 4 (6.15%) .NET
3 3 (4.62%) XML
4 1 (1.54%) XML Schema
4 1 (1.54%) HTML
4 1 (1.54%) FpML
4 1 (1.54%) JSON
4 1 (1.54%) FIX Protocol
4 1 (1.54%) WebSphere Message Broker
4 1 (1.54%) REST
Miscellaneous
1 8 (12.31%) Analytical Skills
2 7 (10.77%) Fixed Income
3 5 (7.69%) Derivative
4 3 (4.62%) Equities
5 2 (3.08%) PMI
5 2 (3.08%) Foreign Exchange (FX)
5 2 (3.08%) iSeries
5 2 (3.08%) Mobile Payment
6 1 (1.54%) Computer Science
6 1 (1.54%) Mainframe
Operating Systems
1 12 (18.46%) Linux
2 10 (15.38%) UNIX
3 4 (6.15%) Windows
4 1 (1.54%) AIX
4 1 (1.54%) Apple iOS
Processes & Methodologies
1 31 (47.69%) User Acceptance Testing
2 24 (36.92%) Integration Testing
3 16 (24.62%) Business Analysis
3 16 (24.62%) Cash Management
4 13 (20.00%) System Testing
4 13 (20.00%) Project Management
5 12 (18.46%) Validation
6 11 (16.92%) Requirements Analysis
7 9 (13.85%) Waterfall
8 8 (12.31%) Systems Analysis
9 5 (7.69%) Test Scripting
10 4 (6.15%) Multithreading
10 4 (6.15%) Agile Software Development
10 4 (6.15%) Asset Management
10 4 (6.15%) PRINCE2
10 4 (6.15%) V-Model
11 3 (4.62%) Change Management
11 3 (4.62%) ITIL
12 2 (3.08%) Risk Management
12 2 (3.08%) Stakeholder Management
Programming Languages
1 8 (12.31%) SQL
2 5 (7.69%) Java
3 2 (3.08%) Perl
4 1 (1.54%) PL/SQL
4 1 (1.54%) JavaScript
4 1 (1.54%) Shell Script
4 1 (1.54%) C++
Qualifications
1 4 (6.15%) Degree
2 2 (3.08%) IIBA
2 2 (3.08%) PMI Certification
Quality Assurance & Compliance
1 15 (23.08%) QA
2 3 (4.62%) ISO 9001
Systems Management
1 1 (1.54%) HP Quality Center
1 1 (1.54%) yum
1 1 (1.54%) Opscode Chef
Vendors
1 16 (24.62%) Oracle
2 5 (7.69%) Microsoft
3 4 (6.15%) Sybase
4 2 (3.08%) Business Objects
4 2 (3.08%) Actimize
5 1 (1.54%) Cognos
5 1 (1.54%) IBM
5 1 (1.54%) SunGard
5 1 (1.54%) HP
5 1 (1.54%) Bloomberg
5 1 (1.54%) Charles River
5 1 (1.54%) Ab Initio
5 1 (1.54%) Mantas
City, London
BAE Systems
Posted: 11 days ago