The table below looks at the statistics for COREP skills in IT contracts advertised for the London region. Included is a guide to the contractor rates offered in IT contracts that have cited COREP over the 3 months to 25 August 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
25 Aug 2016
Same period 2015 Same period 2014
Common Reporting (COREP)
Rank 442 417 424
Rank change year-on-year
-25 +7
Contract jobs citing COREP 7 19 11
As % of all contract IT jobs located in London 0.030% 0.080% 0.045%
As % of the Quality Assurance & Compliance category 0.34% 0.85% 0.48%
Number of daily rates quoted 7 15 7
Median daily rate £600 £550 £590
Median daily rate % change year-on-year
+9.09% -6.77%
90% offered a daily rate of more than £500 £538 £510
10% offered a daily rate of more than £750 £640 £600
UK excluding London median daily rate £450 £581 £550
% change year-on-year
-22.58% +5.68%
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median 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
2085 2232 2313
As % of all contract IT jobs located in London 9.06% 9.40% 9.54%
Number of daily rates quoted 1494 1555 1600
Median daily rate £468 £470 £450
Median daily rate % change year-on-year
-0.53% +4.44%
90% offered a daily rate of more than £300 £275 £275
10% offered a daily rate of more than £600 £600 £600
UK excluding London median daily rate £400 £400 £380
% change year-on-year
-0.06% +5.32%
Number of hourly rates quoted 24 28 29
Median hourly rate £20.00 £21.60 £19.00
Median hourly rate % change year-on-year
-7.38% +13.65%
90% offered a hourly rate of more than £13.38 £14.00 £13.39
10% offered a hourly rate of more than £70.00 £60.95 £137.50
UK excluding London median hourly rate £28.15 £25.41 £20.00
% change year-on-year
+10.80% +27.02%

COREP
Jobs Demand Trend in London

The demand trend of contract jobs across the London region citing COREP as a proportion of all IT contracts with a match in 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 25 August 2016.

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 median contractor rates quoted in IT jobs citing COREP within the London region over the 3 months to 25 August 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
(Click see detailed
statistics and trends)
Rank Change
on Same Period
Last Year
Matching
Contract
IT Job Ads
Median
Daily Rate
Last 3 Months
Median Daily Rate
% Change
on Same Period
Last Year
Live
Job
Vacancies
City of London +36 1 £600 +11.62% 1
COREP
England

COREP
Top 30 Related IT Skills in London

For the 6 months to 25 August 2016, IT contractor jobs citing COREP 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 London region with a requirement for COREP.

1 14 (77.78%) Finance
2 10 (55.56%) Project Management
3 9 (50.00%) Credit Risk
4 8 (44.44%) Test Scripting
4 8 (44.44%) Basel III
4 8 (44.44%) Banking
4 8 (44.44%) CRD IV
5 7 (38.89%) Market Risk
6 6 (33.33%) Stress Testing
6 6 (33.33%) Security Testing
6 6 (33.33%) Migration
6 6 (33.33%) Disaster Recovery
6 6 (33.33%) Management Information System
6 6 (33.33%) Front Office
6 6 (33.33%) Basel II
6 6 (33.33%) Translating Business Requirements
7 5 (27.78%) FINREP
7 5 (27.78%) Investment Banking
8 3 (16.67%) Agile Software Development
8 3 (16.67%) Business Analysis
8 3 (16.67%) Data Modelling
8 3 (16.67%) Data Mining
8 3 (16.67%) Risk Management
9 2 (11.11%) Back Office
9 2 (11.11%) SQL
9 2 (11.11%) Data Quality
9 2 (11.11%) Technical Analysis
9 2 (11.11%) IT Governance
9 2 (11.11%) Software Testing
9 2 (11.11%) Corporate Banking

COREP
Top Related IT Skills in 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:

Application Platforms
1 1 (5.56%) CICS
Applications
1 1 (5.56%) MS Excel
Database & Business Intelligence
1 3 (16.67%) Data Mining
2 1 (5.56%) BusinessObjects
2 1 (5.56%) Data Warehouse
2 1 (5.56%) DB2
General
1 14 (77.78%) Finance
2 8 (44.44%) Banking
3 6 (33.33%) Front Office
4 5 (27.78%) Investment Banking
5 2 (11.11%) Back Office
5 2 (11.11%) Corporate Banking
5 2 (11.11%) General Ledger
5 2 (11.11%) Retail
Job Titles
1 14 (77.78%) Analyst
2 13 (72.22%) Business Analyst
3 8 (44.44%) Report Analyst
4 7 (38.89%) Regulatory Business Analyst
4 7 (38.89%) Regulatory Reporting Business Analyst
4 7 (38.89%) Risk Analyst
4 7 (38.89%) Risk Business Analyst
5 5 (27.78%) Liquidity Business Analyst
6 3 (16.67%) IT Manager
6 3 (16.67%) IT Project Manager
6 3 (16.67%) Project Manager
6 3 (16.67%) Report Manager
7 2 (11.11%) Test Analyst
8 1 (5.56%) Finance Business Analyst
8 1 (5.56%) Financial Business Analyst
8 1 (5.56%) IT Business Analyst
8 1 (5.56%) Metrics Analyst
8 1 (5.56%) Senior Analyst
8 1 (5.56%) Senior Business Analyst
8 1 (5.56%) Service Analyst
Libraries, Frameworks & Software Standards
1 1 (5.56%) Middleware
1 1 (5.56%) Web Services
Miscellaneous
1 9 (50.00%) Credit Risk
2 7 (38.89%) Market Risk
3 6 (33.33%) Management Information System
4 1 (5.56%) Analytical Skills
4 1 (5.56%) Contract for Difference
4 1 (5.56%) Derivative
4 1 (5.56%) Equities
4 1 (5.56%) Fixed Income
4 1 (5.56%) Foreign Exchange (FX)
4 1 (5.56%) SWIFT
4 1 (5.56%) Taxonomies
Processes & Methodologies
1 10 (55.56%) Project Management
2 8 (44.44%) Test Scripting
3 6 (33.33%) Disaster Recovery
3 6 (33.33%) Migration
3 6 (33.33%) Security Testing
3 6 (33.33%) Stress Testing
3 6 (33.33%) Translating Business Requirements
4 3 (16.67%) Agile Software Development
4 3 (16.67%) Business Analysis
4 3 (16.67%) Data Modelling
4 3 (16.67%) Risk Management
5 2 (11.11%) Data Management
5 2 (11.11%) Defect Management
5 2 (11.11%) IT Governance
5 2 (11.11%) Software Testing
5 2 (11.11%) Technical Analysis
6 1 (5.56%) Logical Data Model
6 1 (5.56%) Physical Data Model
6 1 (5.56%) SDLC
6 1 (5.56%) User Acceptance Testing
Programming Languages
1 2 (11.11%) SQL
2 1 (5.56%) COBOL
2 1 (5.56%) JCL
Qualifications
1 1 (5.56%) Degree
Quality Assurance & Compliance
1 8 (44.44%) Basel III
1 8 (44.44%) CRD IV
2 6 (33.33%) Basel II
3 5 (27.78%) FINREP
4 2 (11.11%) Data Quality
5 1 (5.56%) SEPA
Systems Management
1 2 (11.11%) HP Quality Center
Vendors
1 1 (5.56%) Microsoft