The table below looks at the statistics for knowledge and experience of Algorithmics products and/or services in IT contracts advertised for the England region. Included is a guide to the average contractor rates offered in IT contracts that have cited Algorithmics over the 3 months to 8 February 2016 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.

The figures below represent the IT contractor job market in general and are NOT representative of contractor rates within Algorithmics, Inc.

Location
3 months to
8 Feb 2016
Same period 2015 Same period 2014
Algorithmics
Rank 595 590 567
Rank change year-on-year
-5 -23
Contract jobs citing Algorithmics 7 1 1
As % of all contract IT jobs located in England 0.015% 0.002% 0.002%
As % of the Vendors category 0.035% 0.005% 0.005%
Number of daily rates quoted 7 1 1
Average daily rate £675 £525 £600
Average daily rate % change year-on-year
+28.57% -12.50%
UK excluding London average daily rate - - -
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
Algorithmics
UK

The following table is for comparison with the above and provides statistics for the entire Vendors category in contract jobs advertised in the England region.

Vendors Category
England
Contract IT job ads with a match in the
Vendors category
20185 21463 20154
As % of all contract IT jobs located in England 42.77% 45.74% 45.46%
Number of daily rates quoted 12222 12712 11398
Average daily rate £400 £400 £390
Average daily rate % change year-on-year
- +2.56%
90% offered a daily rate of more than £238 £225 £220
10% offered a daily rate of more than £575 £550 £550
UK excluding London average daily rate £375 £375 £350
% change year-on-year
- +7.14%
Number of hourly rates quoted 813 916 900
Average hourly rate £22.50 £17.50 £17.15
Average hourly rate % change year-on-year
+28.57% +2.04%
90% offered a hourly rate of more than £11.43 £11.50 £11.00
10% offered a hourly rate of more than £55.00 £39.50 £40.00
UK excluding London average hourly rate £22.50 £17.40 £16.50
% change year-on-year
+29.31% +5.45%

Algorithmics
Jobs Demand Trend in England

This chart provides a 3-month moving total of IT contractor jobs citing Algorithmics across the England region as a proportion of the total demand within the Vendors category.

Algorithmics Jobs Demand Trend in England

Algorithmics
Daily Rate Trend in England

This chart provides the 3-month moving average for daily rates quoted in IT contract jobs citing Algorithmics across the England region.

Algorithmics Daily Rate Trend in England

Algorithmics
Hourly Rate Trend in England

This chart provides the 3-month moving average for hourly rates quoted in IT contractor jobs citing Algorithmics across the England region.

Algorithmics Hourly Rate Trend in England

Algorithmics
Contract Job Locations in England

The table below looks at the demand and provides a guide to the average contractor rates quoted in IT jobs citing Algorithmics within the England region over the 3 months to 8 February 2016. The 'Rank Change' column provides an indication of the change in demand within each location based on the same 3 month period last year.

Location
(Use links below to see detailed
statistics and historical trends)
Rank Change
on Same Period
Last Year
Matching
Contract
IT Job Ads
Average
Daily Rate
Last 3 Months
Average Daily Rate
% Change
on Same Period
Last Year
Live
Job
Vacancies
London +16 7 £675 +28.57% 5
Algorithmics
UK

Algorithmics
Top 27 Related IT Skills in England

For the 6 months to 8 February 2016, IT contractor jobs across the England region citing Algorithmics 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 Algorithmics.

1 11 (91.67%) Derivative
1 11 (91.67%) Market Risk
2 9 (75.00%) Finance
2 9 (75.00%) Equity Derivative
3 8 (66.67%) Business Analysis
4 5 (41.67%) Fixed Income
4 5 (41.67%) Degree
4 5 (41.67%) Credit Risk
5 3 (25.00%) Murex
6 2 (16.67%) Banking
6 2 (16.67%) Stress Testing
6 2 (16.67%) Risk Analytics
6 2 (16.67%) Analytics
6 2 (16.67%) Investment Banking
6 2 (16.67%) Migration
6 2 (16.67%) Data Warehouse
7 1 (8.33%) IBM
7 1 (8.33%) Bloomberg
7 1 (8.33%) Project Management
7 1 (8.33%) Change Management
7 1 (8.33%) Financial Institution
7 1 (8.33%) Management Information System
7 1 (8.33%) Front Office
7 1 (8.33%) SQL
7 1 (8.33%) Data Management
7 1 (8.33%) Adaptiv
7 1 (8.33%) Analytical Skills

Algorithmics
Top Related IT Skills in England by Category

For the 6 months to 8 February 2016, IT contractor jobs across the England region citing Algorithmics 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 Algorithmics. Up to 20 skills are shown per category.

Business Applications
1 1 (8.33%) Adaptiv
Database & Business Intelligence
1 2 (16.67%) Data Warehouse
General
1 9 (75.00%) Finance
2 2 (16.67%) Banking
2 2 (16.67%) Investment Banking
3 1 (8.33%) Financial Institution
3 1 (8.33%) Front Office
Job Titles
1 12 (100.00%) Analyst
2 11 (91.67%) Risk Analyst
3 10 (83.33%) Business Analyst
4 9 (75.00%) Risk Business Analyst
5 7 (58.33%) Financial Analyst
5 7 (58.33%) Service Analyst
6 5 (41.67%) Finance Business Analyst
6 5 (41.67%) Financial Business Analyst
6 5 (41.67%) Financial Services Business Analyst
6 5 (41.67%) Qualitative Analyst
6 5 (41.67%) Quantitative Analyst
6 5 (41.67%) Quantitative Risk Analyst
7 4 (33.33%) Market Risk Analyst
7 4 (33.33%) Market Risk Business Analyst
8 3 (25.00%) Credit Analyst
8 3 (25.00%) Credit Risk Analyst
8 3 (25.00%) Credit Risk Business Analyst
8 3 (25.00%) Quantitative Business Analyst
9 2 (16.67%) Market Analyst
10 1 (8.33%) Investment Banking Business Analyst
Miscellaneous
1 11 (91.67%) Derivative
1 11 (91.67%) Market Risk
2 9 (75.00%) Equity Derivative
3 5 (41.67%) Credit Risk
3 5 (41.67%) Fixed Income
4 1 (8.33%) Analytical Skills
4 1 (8.33%) Management Information System
Processes & Methodologies
1 8 (66.67%) Business Analysis
2 2 (16.67%) Analytics
2 2 (16.67%) Migration
2 2 (16.67%) Risk Analytics
2 2 (16.67%) Stress Testing
3 1 (8.33%) Change Management
3 1 (8.33%) Data Management
3 1 (8.33%) Project Management
Programming Languages
1 1 (8.33%) SQL
Qualifications
1 5 (41.67%) Degree
Vendors
1 3 (25.00%) Murex
2 1 (8.33%) Bloomberg
2 1 (8.33%) IBM
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