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 28 May 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
28 May 2015
Same period 2014 Same period 2013
Society for Worldwide Interbank Financial Telecommunication (SWIFT)
Rank 156 197 151
Rank change year-on-year
+41 -46
Contract jobs citing SWIFT 44 14 58
As % of all contract IT jobs located in the City of London 0.79% 0.23% 0.89%
As % of the Miscellaneous category 2.19% 0.59% 2.39%
Number of daily rates quoted 27 7 42
Average daily rate
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£475 £525 £450
Average daily rate % change year-on-year
-9.52% +16.66%
90% offered a daily rate of more than £304 £513 £325
10% offered a daily rate of more than £585 £573 £573
UK excluding London average daily rate £488 £444 £513
% change year-on-year
+9.79% -13.36%
Number of hourly rates quoted 1 0 0
Average hourly rate £95.00 - -
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
2008 2355 2428
As % of all contract IT jobs located in the City of London 36.16% 38.47% 37.39%
Number of daily rates quoted 1576 1805 1821
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 £350
% change year-on-year
+7.14% -
Number of hourly rates quoted 32 29 53
Average hourly rate £21.00 £21.00 £25.00
Average hourly rate % change year-on-year
- -16.00%
90% offered a hourly rate of more than £14.00 £12.20 £15.50
10% offered a hourly rate of more than £65.55 £47.36 £135.00
UK excluding London average hourly rate £19.00 £21.00 £21.00
% change year-on-year
-9.52% -

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 28 May 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 28 May 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 56 (81.16%) Banking
2 50 (72.46%) Finance
3 26 (37.68%) User Acceptance Testing
4 21 (30.43%) Integration Testing
5 20 (28.99%) Business Analysis
6 17 (24.64%) QA
7 16 (23.19%) System Testing
8 15 (21.74%) Cash Management
8 15 (21.74%) Financial Institution
9 14 (20.29%) Validation
9 14 (20.29%) System Integration Testing
10 11 (15.94%) Investment Banking
10 11 (15.94%) Back Office
10 11 (15.94%) SQL
11 10 (14.49%) Front Office
11 10 (14.49%) Project Management
12 9 (13.04%) Linux
13 7 (10.14%) Oracle
14 6 (8.70%) UNIX
14 6 (8.70%) MS Excel
14 6 (8.70%) Stakeholder Management
14 6 (8.70%) Fixed Income
14 6 (8.70%) Test Scripting
15 5 (7.25%) Requirements Analysis
15 5 (7.25%) UML
15 5 (7.25%) Microsoft
15 5 (7.25%) PRINCE2
15 5 (7.25%) Java
15 5 (7.25%) Oracle Cash Management
15 5 (7.25%) Analytical Skills

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

For the 6 months to 28 May 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 (5.80%) CMS
1 4 (5.80%) WebSphere
2 2 (2.90%) BizTalk Server
Applications
1 6 (8.70%) MS Excel
2 4 (5.80%) MS PowerPoint
3 3 (4.35%) MS Project
4 2 (2.90%) MS Office
4 2 (2.90%) MS Visio
Business Applications
1 5 (7.25%) Oracle Cash Management
2 1 (1.45%) Temenos T24
2 1 (1.45%) Temenos Globus
Communications & Networking
1 1 (1.45%) FTP
1 1 (1.45%) SSL
Database & Business Intelligence
1 4 (5.80%) Relational Database
1 4 (5.80%) RDBMS
2 2 (2.90%) Data Mining
3 1 (1.45%) MS Access
3 1 (1.45%) Data Warehouse
3 1 (1.45%) SQL Server
Development Applications
1 2 (2.90%) QuickTest Pro
General
1 56 (81.16%) Banking
2 50 (72.46%) Finance
3 15 (21.74%) Financial Institution
4 11 (15.94%) Investment Banking
4 11 (15.94%) Back Office
5 10 (14.49%) Front Office
6 4 (5.80%) Retail
7 3 (4.35%) Retail Banking
7 3 (4.35%) Telecoms
8 2 (2.90%) Wholesale Banking
9 1 (1.45%) Corporate Banking
9 1 (1.45%) Legal
Job Titles
1 46 (66.67%) Analyst
2 22 (31.88%) Business Analyst
3 14 (20.29%) Tester
3 14 (20.29%) Systems Tester
4 11 (15.94%) Systems Analyst
5 8 (11.59%) Payments Business Analyst
6 7 (10.14%) Project Manager
7 6 (8.70%) Banking Business Analyst
8 5 (7.25%) Banking Analyst
9 4 (5.80%) Analyst Programmer
9 4 (5.80%) Programmer
9 4 (5.80%) Support Analyst
9 4 (5.80%) Applications Support
9 4 (5.80%) Architect
9 4 (5.80%) Applications Support Analyst
9 4 (5.80%) Java Analyst Programmer
9 4 (5.80%) Operations Analyst
9 4 (5.80%) Java Programmer
10 3 (4.35%) Fixed Income Business Analyst
10 3 (4.35%) Change Analyst
Libraries, Frameworks & Software Standards
1 3 (4.35%) WebSphere MQ
1 3 (4.35%) Middleware
2 2 (2.90%) XML
2 2 (2.90%) .NET
3 1 (1.45%) FIX Protocol
3 1 (1.45%) FpML
3 1 (1.45%) HTML
Miscellaneous
1 6 (8.70%) Fixed Income
2 5 (7.25%) Analytical Skills
3 4 (5.80%) Foreign Exchange (FX)
3 4 (5.80%) Equities
4 3 (4.35%) PMI
5 2 (2.90%) Mobile Payment
6 1 (1.45%) Tandem
6 1 (1.45%) Derivative
6 1 (1.45%) Mainframe
Operating Systems
1 9 (13.04%) Linux
2 6 (8.70%) UNIX
3 2 (2.90%) Windows
4 1 (1.45%) Red Hat Enterprise Linux
4 1 (1.45%) Solaris
Processes & Methodologies
1 26 (37.68%) User Acceptance Testing
2 21 (30.43%) Integration Testing
3 20 (28.99%) Business Analysis
4 16 (23.19%) System Testing
5 15 (21.74%) Cash Management
6 14 (20.29%) Validation
6 14 (20.29%) System Integration Testing
7 10 (14.49%) Project Management
8 6 (8.70%) Stakeholder Management
8 6 (8.70%) Test Scripting
9 5 (7.25%) Requirements Analysis
9 5 (7.25%) UML
9 5 (7.25%) PRINCE2
10 4 (5.80%) B2B
10 4 (5.80%) Systems Analysis
10 4 (5.80%) Multithreading
10 4 (5.80%) Use Case
10 4 (5.80%) Waterfall
11 3 (4.35%) Change Control
11 3 (4.35%) V-Model
Programming Languages
1 11 (15.94%) SQL
2 5 (7.25%) Java
3 2 (2.90%) PL/SQL
3 2 (2.90%) C
4 1 (1.45%) Bash Shell
4 1 (1.45%) Korn
4 1 (1.45%) Shell Script
4 1 (1.45%) Python
4 1 (1.45%) COBOL
4 1 (1.45%) JavaScript
4 1 (1.45%) Perl
Qualifications
1 3 (4.35%) Degree
1 3 (4.35%) PMI Certification
2 2 (2.90%) IIBA
Quality Assurance & Compliance
1 17 (24.64%) QA
Systems Management
1 2 (2.90%) HP Quality Center
Vendors
1 7 (10.14%) Oracle
2 5 (7.25%) Microsoft
3 4 (5.80%) Sybase
4 3 (4.35%) IBM
5 2 (2.90%) HP
5 2 (2.90%) Actimize
6 1 (1.45%) Mantas
6 1 (1.45%) Veritas
6 1 (1.45%) Red Hat
6 1 (1.45%) Bloomberg
6 1 (1.45%) Charles River
6 1 (1.45%) Cognos
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