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 2 September 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
2 Sep 2015
Same period 2014 Same period 2013
Society for Worldwide Interbank Financial Telecommunication (SWIFT)
Rank 172 176 189
Rank change year-on-year
+4 +13
Contract jobs citing SWIFT 26 32 38
As % of all contract IT jobs located in the City of London 0.48% 0.54% 0.52%
As % of the Miscellaneous category 1.27% 1.50% 1.34%
Number of daily rates quoted 17 20 28
Average daily rate
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£475 £406 £525
Average daily rate % change year-on-year
+16.92% -22.61%
90% offered a daily rate of more than £400 £308 £314
10% offered a daily rate of more than £575 £530 £623
UK excluding London average daily rate £438 £364 £438
% change year-on-year
+20.19% -16.80%
Number of hourly rates quoted 0 0 3
Average hourly rate - - £16.00
UK excluding London average hourly rate - - -
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
2052 2138 2832
As % of all contract IT jobs located in the City of London 38.11% 36.15% 38.57%
Number of daily rates quoted 1638 1502 2083
Average daily rate £475 £475 £500
Average daily rate % change year-on-year
- -5.00%
90% offered a daily rate of more than £295 £300 £300
10% offered a daily rate of more than £650 £650 £625
UK excluding London average daily rate £375 £350 £350
% change year-on-year
+7.14% -
Number of hourly rates quoted 34 48 64
Average hourly rate £19.00 £18.75 £19.50
Average hourly rate % change year-on-year
+1.33% -3.84%
90% offered a hourly rate of more than £12.63 £12.50 £14.50
10% offered a hourly rate of more than £24.23 £36.50 £48.00
UK excluding London average hourly rate £21.50 £20.00 £17.50
% change year-on-year
+7.50% +14.28%

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 2 September 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 2 September 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 51 (75.00%) Banking
2 49 (72.06%) Finance
3 16 (23.53%) Back Office
4 15 (22.06%) User Acceptance Testing
4 15 (22.06%) Integration Testing
4 15 (22.06%) System Testing
5 14 (20.59%) QA
5 14 (20.59%) Investment Banking
5 14 (20.59%) Business Analysis
5 14 (20.59%) Project Management
6 12 (17.65%) SQL
6 12 (17.65%) Linux
6 12 (17.65%) System Integration Testing
7 11 (16.18%) Test Scripting
7 11 (16.18%) Front Office
8 10 (14.71%) IBM
9 9 (13.24%) Fixed Income
10 8 (11.76%) Cash Management
10 8 (11.76%) Validation
11 7 (10.29%) Migration
11 7 (10.29%) Stakeholder Management
11 7 (10.29%) UML
11 7 (10.29%) RUP
11 7 (10.29%) Data Modelling
11 7 (10.29%) Use Case
12 6 (8.82%) Solaris
13 5 (7.35%) Financial Institution
13 5 (7.35%) TIBCO
13 5 (7.35%) Middleware
13 5 (7.35%) PRINCE2

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

For the 6 months to 2 September 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 4 (5.88%) WebSphere
Applications
1 2 (2.94%) MS Project
Business Applications
1 2 (2.94%) Algo Collateral
Communications & Networking
1 1 (1.47%) SSL
1 1 (1.47%) Firewall
Database & Business Intelligence
1 3 (4.41%) RDBMS
1 3 (4.41%) Relational Database
2 1 (1.47%) SQL Server
2 1 (1.47%) Data Warehouse
Development Applications
1 3 (4.41%) HP UFT
2 1 (1.47%) LoadRunner
General
1 51 (75.00%) Banking
2 49 (72.06%) Finance
3 16 (23.53%) Back Office
4 14 (20.59%) Investment Banking
5 11 (16.18%) Front Office
6 5 (7.35%) Financial Institution
7 4 (5.88%) Telecoms
8 3 (4.41%) Wholesale Banking
9 2 (2.94%) Law
10 1 (1.47%) Legal
10 1 (1.47%) Retail
10 1 (1.47%) Corporate Banking
Job Titles
1 37 (54.41%) Analyst
2 22 (32.35%) Business Analyst
3 12 (17.65%) Tester
3 12 (17.65%) Systems Tester
4 9 (13.24%) Project Manager
4 9 (13.24%) Systems Analyst
5 8 (11.76%) Test Analyst
5 8 (11.76%) Banking Analyst
6 7 (10.29%) SWIFT Engineer
6 7 (10.29%) Payments Business Analyst
7 6 (8.82%) Fixed Income Business Analyst
7 6 (8.82%) Administrator
8 5 (7.35%) Banking Business Analyst
9 4 (5.88%) Change Analyst
9 4 (5.88%) Systems Test Analyst
9 4 (5.88%) Architect
10 3 (4.41%) Solutions Architect
10 3 (4.41%) Support Analyst
10 3 (4.41%) Windows Administrator
11 2 (2.94%) IT Security Administrator
Libraries, Frameworks & Software Standards
1 5 (7.35%) Middleware
1 5 (7.35%) TIBCO EMS
2 3 (4.41%) WebSphere MQ
3 2 (2.94%) .NET
3 2 (2.94%) FIX Protocol
4 1 (1.47%) FpML
4 1 (1.47%) XML
4 1 (1.47%) HTML
Miscellaneous
1 9 (13.24%) Fixed Income
2 4 (5.88%) Equities
2 4 (5.88%) Foreign Exchange (FX)
3 3 (4.41%) Analytical Skills
4 2 (2.94%) Derivative
4 2 (2.94%) PMI
4 2 (2.94%) Mobile Payment
5 1 (1.47%) CMDB
5 1 (1.47%) Mainframe
5 1 (1.47%) Tandem
Operating Systems
1 12 (17.65%) Linux
2 6 (8.82%) Solaris
3 4 (5.88%) Windows
4 3 (4.41%) UNIX
4 3 (4.41%) Windows 7
5 1 (1.47%) Red Hat Enterprise Linux
Processes & Methodologies
1 15 (22.06%) User Acceptance Testing
1 15 (22.06%) System Testing
1 15 (22.06%) Integration Testing
2 14 (20.59%) Business Analysis
2 14 (20.59%) Project Management
3 12 (17.65%) System Integration Testing
4 11 (16.18%) Test Scripting
5 8 (11.76%) Cash Management
5 8 (11.76%) Validation
6 7 (10.29%) Migration
6 7 (10.29%) Stakeholder Management
6 7 (10.29%) UML
6 7 (10.29%) RUP
6 7 (10.29%) Data Modelling
6 7 (10.29%) Use Case
7 5 (7.35%) B2B
7 5 (7.35%) PRINCE2
8 3 (4.41%) Automated Testing
8 3 (4.41%) BCP
8 3 (4.41%) Incident Management
Programming Languages
1 12 (17.65%) SQL
2 5 (7.35%) C
2 5 (7.35%) Java
3 4 (5.88%) Perl
4 1 (1.47%) PL/SQL
4 1 (1.47%) JavaScript
4 1 (1.47%) COBOL
4 1 (1.47%) Python
4 1 (1.47%) Korn
4 1 (1.47%) Bash Shell
Qualifications
1 2 (2.94%) PMI Certification
2 1 (1.47%) ISTQB
2 1 (1.47%) Degree
Quality Assurance & Compliance
1 14 (20.59%) QA
System Software
1 3 (4.41%) Active Directory
Systems Management
1 3 (4.41%) HP Quality Center
2 2 (2.94%) Tivoli
Vendors
1 10 (14.71%) IBM
2 5 (7.35%) TIBCO
3 4 (5.88%) Oracle
4 3 (4.41%) HP
5 1 (1.47%) Veritas
5 1 (1.47%) Red Hat
5 1 (1.47%) Actimize
City, London
Lorien Resourcing
Rate: Market Rate
Posted: 16 hours ago