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This section looks at the demand for Basel Capital Accord (Basel II) skills within the London region with a comparison to our Quality Assurance & Compliance category. Included is a guide to the contractor rates offered in IT jobs that have cited Basel II over the 3 months to 25 July 2008 with a comparison to the same period last year.

LinkBasel Capital Accord (Basel II)
Location
3 months to 25 Jul 2008Same period last year
Rank277207
Rank change on same period last yearDown-70
Matching contract IT job ads129348
As % of all UK contract IT job ads sampled0.172 %0.352 %
As % of the category below10.22 %15.24 %
Daily rates quoted80218
Average minimum daily rate£465£430
Average daily rate£500£457
% change on same period last year+9.31 %
Average maximum daily rate£535£484
UK excluding London average daily rate£404£463
% change on same period last year-12.72 %
Hourly rates quoted21
Average minimum hourly rate£20.00£30.00
Average hourly rate£22.50£37.50
% change on same period last year-40.00 %
Average maximum hourly rate£25.00£45.00
UK excluding London average hourly rate--
% change on same period last year-
London IT Contractor Job Market, Quality Assurance & ComplianceQuality Assurance & Compliance
London
Matching contract IT job ads12622283
As % of all UK contract IT job ads sampled1.682 %2.310 %
Daily rates quoted520998
Average minimum daily rate£390£415
Average daily rate£420£444
% change on same period last year-5.27 %
Average maximum daily rate£451£472
UK excluding London average daily rate£368£371
% change on same period last year-0.67 %
Hourly rates quoted70116
Average minimum hourly rate£22.37£24.84
Average hourly rate£24.75£26.80
% change on same period last year-7.62 %
Average maximum hourly rate£27.14£28.76
UK excluding London average hourly rate£23.31£24.73
% change on same period last year-5.77 %
Basel II EnglandBasel II
England

We calculate average IT contractor rates directly from the figures quoted and do not attempt to derive hourly rates from daily rates or vice versa.

Basel II
Demand Trend

The chart provides a 3-month moving total beginning in 2004 of IT contractor jobs citing Basel II across the London region as a proportion of the total demand within the Quality Assurance & Compliance category.

London Basel II Demand Trend

Basel II
Daily Rate Trend

The chart provides the 3-month moving average for daily rates quoted in IT contract jobs citing Basel II across the London region.

London Basel II Daily Rate Trend

Basel II
Daily Rate Histogram

The chart provides a histogram of daily rates quoted in contract IT jobs citing Basel II across the London region over the 3 months to 25 July 2008.

London Basel II Daily Rate Histogram

Basel II
Hourly Rate Trend

The chart provides the 3-month moving average for hourly rates quoted in IT contractor jobs citing Basel II across the London region.

London Basel II Hourly Rate Trend

Basel II
Hourly Rate Histogram

The chart provides a histogram of hourly rates quoted in contract IT jobs citing Basel II across the London region over the 3 months to 25 July 2008.

London Basel II Hourly Rate Histogram

Basel II
Contract Locations

This section looks at the demand and provides a guide to the average contractor rates quoted in IT jobs citing Basel II within the London region over the 3 months to 25 July 2008. The 'Rank Change' column provides an indication of the change in demand within each location based on the same 3 month period last year. A positive number indicates a relative increase in demand.

LocationRank Change
on Same Period
Last Last
Matching
Contract
IT Job Ads
Average
Daily Rate
Last 3 Months
Average Daily Rate
% Change
on Same Period
Last Year
City of LondonDown-3955£495+9.84 %
Docklands, LondonUp+164£404-6.00 %
Canary WharfUp+94£420+29.23 %
Basel II EnglandBasel II
England

Basel II
Top 30 Related IT Skills

For the 6 months to 25 July 2008, IT contractor jobs across the London region citing Basel II 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 Basel II.

1206 (61.68 %)Banking
2167 (50.00 %)Finance
3120 (35.93 %)Credit Risk
4104 (31.14 %)Investment Banking
585 (25.45 %)SQL
647 (14.07 %)Business Analysis
738 (11.38 %)Risk Management
833 (9.880 %)Oracle
932 (9.581 %)Datawarehouse
1030 (8.982 %)Retail
1030 (8.982 %)Project Management
1129 (8.683 %)Sarbanes-Oxley
1224 (7.186 %)Derivative
1323 (6.886 %)Market Risk
1323 (6.886 %)User Acceptance Testing
1422 (6.587 %)Change Management
1521 (6.287 %)SAS
1620 (5.988 %)Data Analysis
1718 (5.389 %)Front Office
1817 (5.090 %)BusinessObjects
1817 (5.090 %)Business Objects
1916 (4.790 %)PRINCE2
1916 (4.790 %)Data Modelling
2015 (4.491 %)PL/SQL
2015 (4.491 %)TestDirector
2015 (4.491 %)Retail Banking
2114 (4.192 %)Degree
2212 (3.593 %)CIMA
2212 (3.593 %)Financial Institution
2212 (3.593 %)Migration

Basel II
Top Related IT Skills by Category

For the 6 months to 25 July 2008, IT contractor jobs across the London region citing Basel II 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 Basel II. Up to 20 skills are shown per category.

London IT Contractor Job Market, Application DevelopmentApplication Development
18 (2.395 %)HTML
24 (1.198 %).NET
24 (1.198 %)XML
32 (0.599 %)XSLT
32 (0.599 %)Middleware
32 (0.599 %)Mason
41 (0.299 %)SOAP
41 (0.299 %)STL
London IT Contractor Job Market, Application PlatformsApplication Platforms
121 (6.287 %)SAS
21 (0.299 %)ColdFusion
21 (0.299 %)OpenROAD
London IT Contractor Job Market, ApplicationsApplications
19 (2.695 %)MS Excel
19 (2.695 %)MS Project
28 (2.395 %)MS Visio
36 (1.796 %)MS Office
45 (1.497 %)MS PowerPoint
51 (0.299 %)CA Clarity
London IT Contractor Job Market, Business ApplicationsBusiness Applications
16 (1.796 %)SAP Bank Analyzer
22 (0.599 %)Global One
31 (0.299 %)Adaptiv
31 (0.299 %)Loan IQ
31 (0.299 %)SAP HR
London IT Contractor Job Market, Communications & NetworkingCommunications & Networking
13 (0.898 %)Intranet
London IT Contractor Job Market, Database & Business IntelligenceDatabase & Business Intelligence
132 (9.581 %)Datawarehouse
217 (5.090 %)BusinessObjects
310 (2.994 %)OLAP
310 (2.994 %)RDBMS
49 (2.695 %)MS Access
58 (2.395 %)SQL Server
65 (1.497 %)TOAD
65 (1.497 %)SAS Enterprise Guide
65 (1.497 %)SQL Server 2005
74 (1.198 %)Oracle 10g
83 (0.898 %)SQL Server 2000
83 (0.898 %)Reference Data
92 (0.599 %)Base SAS
92 (0.599 %)SQL Server 7
92 (0.599 %)Oracle 9i
92 (0.599 %)Crystal Reports
101 (0.299 %)Oracle Reports
101 (0.299 %)Oracle 8/8i
101 (0.299 %)Ingres
101 (0.299 %)Data Mining
London IT Contractor Job Market, Development ApplicationsDevelopment Applications
115 (4.491 %)TestDirector
25 (1.497 %)QuickTest Pro
25 (1.497 %)ProC
34 (1.198 %)Oracle APEX
34 (1.198 %)WinRunner
43 (0.898 %)ClearCase
43 (0.898 %)Ant
43 (0.898 %)ERwin
52 (0.599 %)PVCS
London IT Contractor Job Market, GeneralGeneral
1206 (61.68 %)Banking
2167 (50.00 %)Finance
3104 (31.14 %)Investment Banking
430 (8.982 %)Retail
518 (5.389 %)Front Office
615 (4.491 %)Retail Banking
712 (3.593 %)Financial Institution
712 (3.593 %)Wholesale Banking
810 (2.994 %)Back Office
94 (1.198 %)Legal
94 (1.198 %)Insurance
103 (0.898 %)Corporate Banking
112 (0.599 %)International Banking
112 (0.599 %)Auditing
121 (0.299 %)Pensions
121 (0.299 %)General Ledger
121 (0.299 %)Education
London IT Contractor Job Market, Job TitlesJob Titles
1195 (58.38 %)Analyst
2130 (38.92 %)Business Analyst
344 (13.17 %)Credit Risk Analyst
442 (12.57 %)Project Manager
531 (9.281 %)Banking Business Analyst
630 (8.982 %)Credit Risk Business Analyst
729 (8.683 %)Risk Analyst
826 (7.784 %)Investment Banking Business Analyst
925 (7.485 %)Test Analyst
1024 (7.186 %)Developer
1119 (5.689 %)Test Manager
1119 (5.689 %)Credit Analyst
1213 (3.892 %)Consultant
1310 (2.994 %)Senior Analyst
1310 (2.994 %)Change Manager
1310 (2.994 %)Oracle Developer
149 (2.695 %)Senior Business Analyst
149 (2.695 %)Programme Manager
157 (2.096 %)Programmer
157 (2.096 %)Data Analyst
London IT Contractor Job Market, MiscellaneousMiscellaneous
1120 (35.93 %)Credit Risk
224 (7.186 %)Derivative
323 (6.886 %)Market Risk
411 (3.293 %)Fixed Income
55 (1.497 %)Equity Derivative
64 (1.198 %)Interest Rate Derivative
64 (1.198 %)Mathematics
64 (1.198 %)Foreign Exchange (FX)
73 (0.898 %)Grid Computing
82 (0.599 %)Equities
82 (0.599 %)Tandem
82 (0.599 %)AS400
82 (0.599 %)Credit Derivative
82 (0.599 %)Computer Science
91 (0.299 %)German Language
91 (0.299 %)Statistics
91 (0.299 %)Data Protection Act
91 (0.299 %)Exotic Derivative
91 (0.299 %)STB
91 (0.299 %)PMI
London IT Contractor Job Market, Operating SystemsOperating Systems
110 (2.994 %)UNIX
23 (0.898 %)Windows
32 (0.599 %)Solaris
32 (0.599 %)VMS
41 (0.299 %)Linux
41 (0.299 %)AIX
London IT Contractor Job Market, Processes & MethodologiesProcesses & Methodologies
147 (14.07 %)Business Analysis
238 (11.38 %)Risk Management
330 (8.982 %)Project Management
423 (6.886 %)User Acceptance Testing
522 (6.587 %)Change Management
620 (5.988 %)Data Analysis
716 (4.790 %)PRINCE2
716 (4.790 %)Data Modelling
812 (3.593 %)Migration
812 (3.593 %)Stakeholder Management
99 (2.695 %)Validation
99 (2.695 %)Test Scripting
107 (2.096 %)PRINCE
116 (1.796 %)Business Intelligence
116 (1.796 %)Regression Testing
116 (1.796 %)GAP Analysis
116 (1.796 %)Service Management
125 (1.497 %)BPR
125 (1.497 %)Six Sigma
134 (1.198 %)UML
London IT Contractor Job Market, Programming LanguagesProgramming Languages
185 (25.45 %)SQL
215 (4.491 %)PL/SQL
311 (3.293 %)Java
410 (2.994 %)VBA
57 (2.096 %)C++
66 (1.796 %)C#
75 (1.497 %)Transact-SQL
83 (0.898 %)Perl
83 (0.898 %)Python
83 (0.898 %)Ruby
92 (0.599 %)SAS Macro
101 (0.299 %)C
101 (0.299 %)VB
London IT Contractor Job Market, QualificationsQualifications
114 (4.192 %)Degree
212 (3.593 %)CIMA
311 (3.293 %)ACCA
42 (0.599 %)ISEB
42 (0.599 %)PRINCE2 Certification
51 (0.299 %)CISA
51 (0.299 %)QiCA
51 (0.299 %)MBA
London IT Contractor Job Market, Quality Assurance & ComplianceQuality Assurance & Compliance
129 (8.683 %)Sarbanes-Oxley
27 (2.096 %)MiFID
32 (0.599 %)QA
32 (0.599 %)COBIT
41 (0.299 %)SLA
London IT Contractor Job Market, System SoftwareSystem Software
11 (0.299 %)Active Directory
London IT Contractor Job Market, Systems ManagementSystems Management
11 (0.299 %)AutoSys
London IT Contractor Job Market, VendorsVendors
133 (9.880 %)Oracle
217 (5.090 %)Business Objects
38 (2.395 %)SAP
38 (2.395 %)Microsoft
38 (2.395 %)Sybase
46 (1.796 %)Murex
46 (1.796 %)Calypso
52 (0.599 %)Reuters
61 (0.299 %)Algorithmics
61 (0.299 %)TOWER Software
61 (0.299 %)Teradata
61 (0.299 %)SunGard
61 (0.299 %)Informatica
61 (0.299 %)Cognos
61 (0.299 %)Progress
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