The table below looks at the statistics for COREP skills in IT contracts advertised for the London region. Included is a guide to the average contractor rates offered in IT contracts that have cited COREP over the 3 months to 27 February 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
27 Feb 2015
Same period 2014 Same period 2013
Common Reporting (COREP)
Rank 391 353 357
Rank change year-on-year
-38 +4
Contract jobs citing COREP 8 31 14
As % of all contract IT jobs located in London 0.038% 0.14% 0.071%
As % of the Quality Assurance & Compliance category 0.47% 1.69% 0.93%
Number of daily rates quoted 8 15 9
Average daily rate
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£519 £550 £455
Average daily rate % change year-on-year
-5.68% +20.87%
90% offered a daily rate of more than £468 £485 £375
10% offered a daily rate of more than £745 £600 £635
UK excluding London average daily rate £550 £500 £301
% change year-on-year
+10.00% +66.38%
Number of hourly rates quoted 0 0 1
Average hourly rate - - £90.50
UK excluding London average hourly rate - - -
COREP
England

The following table is for comparison with the above and provides statistics for the entire Quality Assurance & Compliance category in contract jobs advertised in the London region.

Quality Assurance & Compliance Category
London
Contract IT job ads with a match in the
Quality Assurance & Compliance category
1694 1837 1500
As % of all contract IT jobs located in London 7.98% 8.45% 7.58%
Number of daily rates quoted 1146 1221 1020
Average daily rate £430 £450 £450
Average daily rate % change year-on-year
-4.44% -
90% offered a daily rate of more than £250 £290 £275
10% offered a daily rate of more than £600 £625 £650
UK excluding London average daily rate £380 £368 £330
% change year-on-year
+3.40% +11.36%
Number of hourly rates quoted 11 33 39
Average hourly rate £21.50 £15.00 £22.00
Average hourly rate % change year-on-year
+43.33% -31.81%
90% offered a hourly rate of more than £15.00 £12.20 £13.50
10% offered a hourly rate of more than £95.50 £43.60 £135.00
UK excluding London average hourly rate £18.50 £16.00 £20.00
% change year-on-year
+15.62% -20.00%

COREP
Jobs Demand Trend in London

This chart provides a 3-month moving total of IT contractor jobs citing COREP across the London region as a proportion of the total demand within the Quality Assurance & Compliance category.

COREP Jobs Demand Trend in London

COREP
Daily Rate Trend in London

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

COREP Daily Rate Trend in London

COREP
Daily Rate Histogram in London

This chart provides a histogram of daily rates quoted in contract IT jobs citing COREP across the London region over the 3 months to 27 February 2015.

COREP Daily Rate Histogram in London

COREP
Contract Job Locations in London

The table below looks at the demand and provides a guide to the average contractor rates quoted in IT jobs citing COREP within the London region over the 3 months to 27 February 2015. 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
City of London +5 3 £488 -18.75% 3
COREP
England

COREP
Top 30 Related IT Skills in London

For the 6 months to 27 February 2015, IT contractor jobs across the London region citing COREP 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 COREP.

1 20 (83.33%) Finance
2 13 (54.17%) Banking
3 10 (41.67%) Investment Banking
3 10 (41.67%) Basel III
3 10 (41.67%) SQL
3 10 (41.67%) FINREP
4 8 (33.33%) Data Analysis
5 7 (29.17%) User Acceptance Testing
6 6 (25.00%) Agile Software Development
7 5 (20.83%) Technical Analysis
8 4 (16.67%) CRD IV
8 4 (16.67%) JIRA
8 4 (16.67%) Credit Risk
8 4 (16.67%) System Testing
9 3 (12.50%) Data Mapping
9 3 (12.50%) General Ledger
9 3 (12.50%) Business Analysis
9 3 (12.50%) XBRL
9 3 (12.50%) Data Warehouse
9 3 (12.50%) Front Office
10 2 (8.33%) Back Office
10 2 (8.33%) Financial Institution
10 2 (8.33%) Migration
10 2 (8.33%) Stakeholder Management
10 2 (8.33%) Data Modelling
10 2 (8.33%) ETL
10 2 (8.33%) Oracle
10 2 (8.33%) Cognos
10 2 (8.33%) IT Governance
10 2 (8.33%) Requirements Analysis

COREP
Top Related IT Skills in London by Category

For the 6 months to 27 February 2015, IT contractor jobs across the London region citing COREP 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 COREP. Up to 20 skills are shown per category.

Applications
1 1 (4.17%) MS Project
1 1 (4.17%) MS Office
1 1 (4.17%) MS Excel
1 1 (4.17%) MS PowerPoint
Database & Business Intelligence
1 3 (12.50%) Data Warehouse
Development Applications
1 4 (16.67%) JIRA
General
1 20 (83.33%) Finance
2 13 (54.17%) Banking
3 10 (41.67%) Investment Banking
4 3 (12.50%) General Ledger
4 3 (12.50%) Front Office
5 2 (8.33%) Back Office
5 2 (8.33%) Financial Institution
Job Titles
1 18 (75.00%) Analyst
2 16 (66.67%) Business Analyst
3 5 (20.83%) Project Manager
4 3 (12.50%) Programme Manager
4 3 (12.50%) Developer
5 2 (8.33%) Business Project Manager
5 2 (8.33%) Business Manager
5 2 (8.33%) Banking Analyst
5 2 (8.33%) Banking Business Analyst
5 2 (8.33%) Agile Business Analyst
6 1 (4.17%) Functional Test Analyst
6 1 (4.17%) IT Business Analyst
6 1 (4.17%) Functional Analyst
6 1 (4.17%) Test Analyst
6 1 (4.17%) Senior Manager
6 1 (4.17%) Delivery Project Manager
6 1 (4.17%) Services Delivery Manager
6 1 (4.17%) Service Manager
6 1 (4.17%) Analyst Developer
6 1 (4.17%) Senior Programme Manager
Libraries, Frameworks & Software Standards
1 3 (12.50%) XBRL
Miscellaneous
1 4 (16.67%) Credit Risk
2 2 (8.33%) Analytical Skills
3 1 (4.17%) Reference Data
3 1 (4.17%) Management Information System
3 1 (4.17%) Credit Derivative
3 1 (4.17%) Derivative
Operating Systems
1 1 (4.17%) UNIX
Processes & Methodologies
1 8 (33.33%) Data Analysis
2 7 (29.17%) User Acceptance Testing
3 6 (25.00%) Agile Software Development
4 5 (20.83%) Technical Analysis
5 4 (16.67%) System Testing
6 3 (12.50%) Business Analysis
6 3 (12.50%) Data Mapping
7 2 (8.33%) Performance Tuning
7 2 (8.33%) IT Governance
7 2 (8.33%) Requirements Analysis
7 2 (8.33%) Data Migration
7 2 (8.33%) Data Cleansing
7 2 (8.33%) Migration
7 2 (8.33%) Stakeholder Management
7 2 (8.33%) Data Modelling
7 2 (8.33%) ETL
8 1 (4.17%) Business Intelligence
8 1 (4.17%) Service Delivery
8 1 (4.17%) GAP Analysis
8 1 (4.17%) Validation
Programming Languages
1 10 (41.67%) SQL
2 1 (4.17%) Shell Script
Qualifications
1 1 (4.17%) PMP
1 1 (4.17%) PMI Certification
1 1 (4.17%) Degree
Quality Assurance & Compliance
1 10 (41.67%) Basel III
1 10 (41.67%) FINREP
2 4 (16.67%) CRD IV
3 1 (4.17%) Basel II
Vendors
1 2 (8.33%) Oracle
1 2 (8.33%) Cognos
1 2 (8.33%) Microgen
City, London
Connectus
Rate: £400 - £500 per day
Posted: 13 hours ago
London
Connectus
Rate: £400 - £500 per day
Posted: Yesterday
City, London
Aston Carter
Rate: £500 - £550 per day
Posted: 4 days ago