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 18 December 2014 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
18 Dec 2014
Same period 2013 Same period 2012
Society for Worldwide Interbank Financial Telecommunication (SWIFT)
Rank 178 192 163
Rank change year-on-year
+14 -29
Contract jobs citing SWIFT 28 25 38
As % of all contract IT jobs located in the City of London 0.50% 0.37% 0.62%
As % of the Miscellaneous category 1.36% 0.96% 1.69%
Number of daily rates quoted 26 19 27
Average daily rate
Keep up to 90%
of your Daily Rate
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£500 £525 £475
Average daily rate % change year-on-year
-4.76% +10.52%
90% offered a daily rate of more than £325 £382 £314
10% offered a daily rate of more than £600 £705 £625
UK excluding London average daily rate £433 £388 £340
% change year-on-year
+11.61% +13.97%
Number of hourly rates quoted 0 0 1
Average hourly rate - - £21.00
UK excluding London average hourly rate - £34.50 -
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
2057 2599 2246
As % of all contract IT jobs located in the City of London 36.41% 38.05% 36.63%
Number of daily rates quoted 1623 1927 1725
Average daily rate £475 £475 £485
Average daily rate % change year-on-year
- -2.06%
90% offered a daily rate of more than £284 £275 £275
10% offered a daily rate of more than £650 £650 £650
UK excluding London average daily rate £370 £350 £340
% change year-on-year
+5.71% +2.94%
Number of hourly rates quoted 26 44 60
Average hourly rate £15.50 £20.00 £21.50
Average hourly rate % change year-on-year
-22.50% -6.97%
90% offered a hourly rate of more than £12.80 £14.01 £12.95
10% offered a hourly rate of more than £22.55 £42.50 £66.10
UK excluding London average hourly rate £17.50 £19.00 £20.00
% change year-on-year
-7.89% -5.00%

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 18 December 2014.

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 18 December 2014, 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 45 (75.00%) Banking
2 42 (70.00%) Finance
3 22 (36.67%) User Acceptance Testing
4 20 (33.33%) Cash Management
5 19 (31.67%) Oracle
6 18 (30.00%) Project Management
7 17 (28.33%) Financial Institution
7 17 (28.33%) Integration Testing
8 14 (23.33%) UNIX
9 11 (18.33%) Linux
9 11 (18.33%) SQL
9 11 (18.33%) CMS
10 10 (16.67%) Requirements Analysis
11 9 (15.00%) Investment Banking
11 9 (15.00%) Waterfall
11 9 (15.00%) Oracle Cash Management
12 8 (13.33%) System Testing
12 8 (13.33%) Derivative
12 8 (13.33%) Middleware
13 7 (11.67%) Retail Banking
13 7 (11.67%) Systems Analysis
13 7 (11.67%) Retail
14 6 (10.00%) Business Analysis
14 6 (10.00%) Fixed Income
14 6 (10.00%) Back Office
14 6 (10.00%) ITIL
14 6 (10.00%) Agile Software Development
14 6 (10.00%) Analytical Skills
15 5 (8.33%) PRINCE2
15 5 (8.33%) Windows

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

For the 6 months to 18 December 2014, 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 11 (18.33%) CMS
2 3 (5.00%) BizTalk Server
3 1 (1.67%) JBoss
3 1 (1.67%) Tomcat
3 1 (1.67%) WebSphere Process Server
3 1 (1.67%) WebSphere
Applications
1 3 (5.00%) MS Excel
2 2 (3.33%) MS PowerPoint
3 1 (1.67%) MS Project
3 1 (1.67%) MS Visio
Business Applications
1 9 (15.00%) Oracle Cash Management
2 3 (5.00%) HiPortfolio
3 2 (3.33%) Oracle Applications
3 2 (3.33%) FLEXCUBE
3 2 (3.33%) Summit
4 1 (1.67%) Temenos T24
4 1 (1.67%) IntelliMatch
4 1 (1.67%) Loan IQ
Database & Business Intelligence
1 4 (6.67%) Relational Database
2 3 (5.00%) RDBMS
3 2 (3.33%) PowerMart
3 2 (3.33%) Data Warehouse
3 2 (3.33%) SQL Server
4 1 (1.67%) Oracle Database
Development Applications
1 2 (3.33%) Toad
1 2 (3.33%) Visual Studio
1 2 (3.33%) QuickTest Pro
2 1 (1.67%) JIRA
General
1 45 (75.00%) Banking
2 42 (70.00%) Finance
3 17 (28.33%) Financial Institution
4 9 (15.00%) Investment Banking
5 7 (11.67%) Retail Banking
5 7 (11.67%) Retail
6 6 (10.00%) Back Office
7 4 (6.67%) French Language
8 3 (5.00%) Corporate Banking
9 2 (3.33%) Front Office
9 2 (3.33%) Legal
10 1 (1.67%) Spanish Language
10 1 (1.67%) Wholesale Banking
10 1 (1.67%) Telecoms
10 1 (1.67%) Law
Job Titles
1 43 (71.67%) Analyst
2 16 (26.67%) Business Analyst
2 16 (26.67%) Systems Analyst
3 7 (11.67%) Tester
3 7 (11.67%) Banking Business Analyst
4 6 (10.00%) Systems Tester
4 6 (10.00%) Payments Business Analyst
5 4 (6.67%) Service Management Analyst
5 4 (6.67%) Banking Analyst
5 4 (6.67%) Service Analyst
5 4 (6.67%) Platform Manager
6 3 (5.00%) Support Analyst
7 2 (3.33%) Applications Support
7 2 (3.33%) Data Analyst
7 2 (3.33%) Solutions Analyst
7 2 (3.33%) Operations Analyst
7 2 (3.33%) Consultant
7 2 (3.33%) Investment Banking Business Analyst
8 1 (1.67%) PMO Analyst
8 1 (1.67%) Applications Specialist
Libraries, Frameworks & Software Standards
1 8 (13.33%) Middleware
2 4 (6.67%) WebSphere Message Broker
3 3 (5.00%) FpML
3 3 (5.00%) .NET
3 3 (5.00%) XML
4 1 (1.67%) Java EE
4 1 (1.67%) Murex MxML
4 1 (1.67%) WebSphere MQ
4 1 (1.67%) HTML
4 1 (1.67%) ASP.NET
4 1 (1.67%) CSS
4 1 (1.67%) JSP
4 1 (1.67%) Struts
4 1 (1.67%) CGI
4 1 (1.67%) FIX Protocol
Miscellaneous
1 8 (13.33%) Derivative
2 6 (10.00%) Fixed Income
2 6 (10.00%) Analytical Skills
3 4 (6.67%) Mainframe
4 2 (3.33%) Equities
4 2 (3.33%) iSeries
5 1 (1.67%) iPad
5 1 (1.67%) Exotic Derivative
Operating Systems
1 14 (23.33%) UNIX
2 11 (18.33%) Linux
3 5 (8.33%) Windows
4 4 (6.67%) AIX
5 1 (1.67%) Windows 7
5 1 (1.67%) Red Hat Enterprise Linux
Processes & Methodologies
1 22 (36.67%) User Acceptance Testing
2 20 (33.33%) Cash Management
3 18 (30.00%) Project Management
4 17 (28.33%) Integration Testing
5 10 (16.67%) Requirements Analysis
6 9 (15.00%) Waterfall
7 8 (13.33%) System Testing
8 7 (11.67%) Systems Analysis
9 6 (10.00%) Business Analysis
9 6 (10.00%) ITIL
9 6 (10.00%) Agile Software Development
10 5 (8.33%) PRINCE2
10 5 (8.33%) Stakeholder Management
11 4 (6.67%) Validation
11 4 (6.67%) ITSM
11 4 (6.67%) Risk Management
11 4 (6.67%) Service Management
11 4 (6.67%) Asset Management
11 4 (6.67%) V-Model
12 3 (5.00%) Test Scripting
Programming Languages
1 11 (18.33%) SQL
2 4 (6.67%) Perl
3 3 (5.00%) Java
4 1 (1.67%) JavaScript
4 1 (1.67%) VB
4 1 (1.67%) VBA
Qualifications
1 3 (5.00%) Degree
2 1 (1.67%) IIBA
2 1 (1.67%) CBAP
2 1 (1.67%) ISEB
2 1 (1.67%) PMP
2 1 (1.67%) PMI Certification
2 1 (1.67%) MBA
Quality Assurance & Compliance
1 4 (6.67%) ISO 9001
1 4 (6.67%) QA
2 1 (1.67%) EMIR
2 1 (1.67%) Dodd-Frank
System Software
1 1 (1.67%) Active Directory
Systems Management
1 3 (5.00%) HP Quality Center
2 2 (3.33%) Control-M
3 1 (1.67%) Tivoli
3 1 (1.67%) Tivoli Monitoring
Vendors
1 19 (31.67%) Oracle
2 4 (6.67%) IBM
2 4 (6.67%) Microsoft
2 4 (6.67%) SunGard
3 2 (3.33%) MKS
3 2 (3.33%) Sybase
3 2 (3.33%) Business Objects
3 2 (3.33%) HP
3 2 (3.33%) Informatica
4 1 (1.67%) Red Hat
4 1 (1.67%) Apple
4 1 (1.67%) Murex
4 1 (1.67%) Misys
4 1 (1.67%) Temenos
4 1 (1.67%) jBASE
4 1 (1.67%) Ab Initio
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