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 contractor rates offered in IT contracts that have cited SWIFT over the 3 months to 28 July 2016 with a comparison to the same period over 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.

3 months to
28 Jul 2016
Same period 2015 Same period 2014
Society for Worldwide Interbank Financial Telecommunication (SWIFT)
Rank 160 173 181
Rank change year-on-year
+13 +8
Contract jobs citing SWIFT 5 40 25
As % of all contract IT jobs located in the City of London 0.15% 0.67% 0.42%
As % of the Miscellaneous category 0.36% 1.75% 1.11%
Number of daily rates quoted 4 31 16
Median daily rate £525 £500 £444
Median daily rate % change year-on-year
+5.00% +12.67%
90% offered a daily rate of more than £383 £304 £318
10% offered a daily rate of more than £685 £575 £591
UK excluding London median daily rate £500 £388 £443
% change year-on-year
+29.03% -12.52%
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median 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
1372 2287 2261
As % of all contract IT jobs located in the City of London 40.52% 38.53% 38.37%
Number of daily rates quoted 1107 1839 1639
Median daily rate £463 £475 £475
Median daily rate % change year-on-year
-2.63% -
90% offered a daily rate of more than £325 £300 £282
10% offered a daily rate of more than £650 £650 £650
UK excluding London median daily rate £380 £375 £350
% change year-on-year
+1.33% +7.14%
Number of hourly rates quoted 11 41 45
Median hourly rate £12.50 £20.67 £20.19
Median hourly rate % change year-on-year
-39.51% +2.36%
UK excluding London median hourly rate £21.50 £18.50 £20.50
% change year-on-year
+16.21% -9.75%

SWIFT
Jobs Demand Trend in the City of London

The demand trend of contract jobs across the City of London region citing SWIFT as a proportion of all IT contracts with a match in 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 July 2016.

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 July 2016, IT contractor jobs citing SWIFT also mentioned the following skills in order of popularity. The figures indicate the number co-occurrences and its proportion to all contract ads across the City of London region with a requirement for SWIFT.

1 13 (81.25%) Finance
2 6 (37.50%) Banking
3 4 (25.00%) Fixed Income
3 4 (25.00%) Project Management
3 4 (25.00%) Equities
3 4 (25.00%) SQL
3 4 (25.00%) Foreign Exchange (FX)
4 3 (18.75%) Java
4 3 (18.75%) PRINCE2
4 3 (18.75%) Unix
4 3 (18.75%) Windows
4 3 (18.75%) Linux
4 3 (18.75%) Stakeholder Management
4 3 (18.75%) Investment Banking
4 3 (18.75%) Waterfall
4 3 (18.75%) Agile Software Development
5 2 (12.50%) SDLC
5 2 (12.50%) SEPA
5 2 (12.50%) Integration Testing
5 2 (12.50%) Test Automation
5 2 (12.50%) Continuous Improvement
5 2 (12.50%) Test Strategy
5 2 (12.50%) Derivative
5 2 (12.50%) ISTQB
5 2 (12.50%) QA
5 2 (12.50%) Test Scripting
5 2 (12.50%) TIBCO
5 2 (12.50%) Financial Institution
5 2 (12.50%) Back Office
5 2 (12.50%) Solaris

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

The follow tables expand on the table above by listing co-occurrences grouped by category. The same job type, locality and period is covered with up to 20 co-occurrences shown in each of the following categories:

Applications
1 1 (6.25%) MS Excel
1 1 (6.25%) MS Project
Business Applications
1 1 (6.25%) BusinessWorks
1 1 (6.25%) Front Arena
1 1 (6.25%) Oracle EBS
1 1 (6.25%) Oracle Internet Expenses
1 1 (6.25%) SAP FI
Communications & Networking
1 1 (6.25%) Firewall
1 1 (6.25%) SAN
Database & Business Intelligence
1 1 (6.25%) RDBMS
1 1 (6.25%) Relational Database
Development Applications
1 1 (6.25%) HP UFT
1 1 (6.25%) JIRA
1 1 (6.25%) JMeter
1 1 (6.25%) LoadRunner
1 1 (6.25%) Selenium
1 1 (6.25%) TestDirector
General
1 13 (81.25%) Finance
2 6 (37.50%) Banking
3 3 (18.75%) Investment Banking
4 2 (12.50%) Back Office
4 2 (12.50%) Financial Institution
5 1 (6.25%) Advertising
5 1 (6.25%) Front Office
5 1 (6.25%) General Ledger
5 1 (6.25%) Legal
5 1 (6.25%) Retail
Job Titles
1 6 (37.50%) Analyst
2 3 (18.75%) Project Manager
3 2 (12.50%) Business Systems Analyst
3 2 (12.50%) Consultant
3 2 (12.50%) IT Manager
3 2 (12.50%) IT Project Manager
3 2 (12.50%) SWIFT Consultant
3 2 (12.50%) Systems Analyst
4 1 (6.25%) Automation Tester
4 1 (6.25%) Banking Analyst
4 1 (6.25%) Contracts Manager
4 1 (6.25%) Finance Manager
4 1 (6.25%) Front Arena Developer
4 1 (6.25%) IT Finance Manager
4 1 (6.25%) QA Analyst
4 1 (6.25%) QA Leader
4 1 (6.25%) Quality Analyst
4 1 (6.25%) SAP FI Consultant
4 1 (6.25%) SWIFT Engineer
4 1 (6.25%) Test Leader
Libraries, Frameworks & Software Standards
1 2 (12.50%) Middleware
2 1 (6.25%) FIX Protocol
2 1 (6.25%) FpML
2 1 (6.25%) RabbitMQ
2 1 (6.25%) Web Services
Miscellaneous
1 4 (25.00%) Equities
1 4 (25.00%) Fixed Income
1 4 (25.00%) Foreign Exchange (FX)
2 2 (12.50%) Derivative
3 1 (6.25%) Analytical Skills
3 1 (6.25%) DTCC
3 1 (6.25%) Equity Derivative
3 1 (6.25%) Fintech
3 1 (6.25%) Hedge funds
3 1 (6.25%) Mobile Payment
3 1 (6.25%) PMI
3 1 (6.25%) Virtual Team
Operating Systems
1 3 (18.75%) Linux
1 3 (18.75%) Unix
1 3 (18.75%) Windows
2 2 (12.50%) Solaris
3 1 (6.25%) Windows Server
3 1 (6.25%) Windows Server 2008
3 1 (6.25%) Windows Server 2012
Processes & Methodologies
1 4 (25.00%) Project Management
2 3 (18.75%) Agile Software Development
2 3 (18.75%) PRINCE2
2 3 (18.75%) Stakeholder Management
2 3 (18.75%) Waterfall
3 2 (12.50%) Continuous Improvement
3 2 (12.50%) Integration Testing
3 2 (12.50%) SDLC
3 2 (12.50%) Test Automation
3 2 (12.50%) Test Scripting
3 2 (12.50%) Test Strategy
4 1 (6.25%) Anti-Money Laundering
4 1 (6.25%) Black-Box Testing
4 1 (6.25%) Cash Management
4 1 (6.25%) Defect Management
4 1 (6.25%) Electronic Trading
4 1 (6.25%) Manual Testing
4 1 (6.25%) System Integration Testing
4 1 (6.25%) System Testing
4 1 (6.25%) V-Model
Programming Languages
1 4 (25.00%) SQL
2 3 (18.75%) Java
3 1 (6.25%) C#
3 1 (6.25%) Python
3 1 (6.25%) Shell Script
Qualifications
1 2 (12.50%) ISTQB
2 1 (6.25%) PMI Certification
2 1 (6.25%) PMP
Quality Assurance & Compliance
1 2 (12.50%) QA
1 2 (12.50%) SEPA
2 1 (6.25%) ISO 9001
2 1 (6.25%) ISO20022
System Software
1 1 (6.25%) VMware ESX
Systems Management
1 1 (6.25%) HP Quality Center
1 1 (6.25%) NetBackup
Vendors
1 2 (12.50%) Microsoft
1 2 (12.50%) Oracle
1 2 (12.50%) TIBCO
2 1 (6.25%) Bloomberg
2 1 (6.25%) Citrix
2 1 (6.25%) Fidessa
2 1 (6.25%) HP
2 1 (6.25%) IBM
2 1 (6.25%) Microgen
2 1 (6.25%) SAP
2 1 (6.25%) ServiceNow
2 1 (6.25%) Sun
2 1 (6.25%) SunGard
2 1 (6.25%) Sybase
2 1 (6.25%) Trayport
2 1 (6.25%) VMware