The table below looks at the statistics for knowledge and experience of FactSet products and/or services in IT contracts advertised for the London region. Included is a guide to the average contractor rates offered in IT contracts that have cited FactSet over the 3 months to 12 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 FactSet Research Systems, Inc.

Location
3 months to
12 Feb 2016
Same period 2015 Same period 2014
FactSet
Rank 401 402 393
Rank change year-on-year
+1 -9
Contract jobs citing FactSet 7 13 14
As % of all contract IT jobs located in London 0.033% 0.061% 0.064%
As % of the Vendors category 0.081% 0.14% 0.14%
Number of daily rates quoted 4 5 8
Average daily rate £450 £338 £215
Average daily rate % change year-on-year
+33.33% +56.97%
90% offered a daily rate of more than £251 £285 £200
10% offered a daily rate of more than £535 £505 £250
UK excluding London average daily rate - - £500
Number of hourly rates quoted 0 0 1
Average hourly rate - - £18.70
UK excluding London average hourly rate - - -
FactSet
England

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

Vendors Category
London
Contract IT job ads with a match in the
Vendors category
8591 9589 9860
As % of all contract IT jobs located in London 40.57% 45.21% 44.79%
Number of daily rates quoted 5620 6357 6319
Average daily rate £438 £425 £418
Average daily rate % change year-on-year
+2.94% +1.79%
90% offered a daily rate of more than £250 £250 £250
10% offered a daily rate of more than £600 £575 £600
UK excluding London average daily rate £375 £375 £350
% change year-on-year
- +7.14%
Number of hourly rates quoted 148 198 221
Average hourly rate £22.00 £19.03 £18.50
Average hourly rate % change year-on-year
+15.63% +2.83%
90% offered a hourly rate of more than £11.50 £12.50 £13.50
10% offered a hourly rate of more than £50.00 £36.00 £35.00
UK excluding London average hourly rate £21.50 £17.50 £16.50
% change year-on-year
+22.85% +6.06%

FactSet
Jobs Demand Trend in London

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

FactSet Jobs Demand Trend in London

FactSet
Daily Rate Trend in London

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

FactSet Daily Rate Trend in London

FactSet
Daily Rate Histogram in London

This chart provides a histogram of daily rates quoted in contract IT jobs citing FactSet across the London region over the 3 months to 12 February 2016.

FactSet Daily Rate Histogram in London

FactSet
Hourly Rate Trend in London

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

FactSet Hourly Rate Trend in London

FactSet
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 FactSet within the London region over the 3 months to 12 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
City of London +36 4 £550 +41.93% 6
FactSet
England

FactSet
Top 30 Related IT Skills in London

For the 6 months to 12 February 2016, IT contractor jobs across the London region citing FactSet 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 FactSet.

1 20 (95.24%) Bloomberg
2 16 (76.19%) Finance
3 13 (61.90%) Reuters
4 11 (52.38%) Front Office
5 9 (42.86%) MS Office
5 9 (42.86%) Windows
5 9 (42.86%) Windows 7
6 8 (38.10%) ITIL
7 7 (33.33%) TCP/IP
7 7 (33.33%) Fidessa
7 7 (33.33%) HP
7 7 (33.33%) Apple iOS
7 7 (33.33%) PowerShell
7 7 (33.33%) Android
7 7 (33.33%) Windows 8
7 7 (33.33%) Mobile App
7 7 (33.33%) BYOD
8 6 (28.57%) Investment Management
8 6 (28.57%) Microsoft
9 5 (23.81%) Fixed Income
9 5 (23.81%) Equities
10 4 (19.05%) Banking
10 4 (19.05%) Asset Management
10 4 (19.05%) Derivative
10 4 (19.05%) Mac OS X
10 4 (19.05%) Apple
10 4 (19.05%) ITIL Certification
10 4 (19.05%) SQL
10 4 (19.05%) Fund Management
11 3 (14.29%) Agile Software Development

FactSet
Top Related IT Skills in London by Category

For the 6 months to 12 February 2016, IT contractor jobs across the London region citing FactSet 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 FactSet. Up to 20 skills are shown per category.

Applications
1 9 (42.86%) MS Office
2 2 (9.52%) MS Excel
Business Applications
1 2 (9.52%) Eikon
1 2 (9.52%) RMDS
Communications & Networking
1 7 (33.33%) TCP/IP
Database & Business Intelligence
1 2 (9.52%) SQL Server
Development Applications
1 2 (9.52%) Visual Studio Tools for Office
General
1 16 (76.19%) Finance
2 11 (52.38%) Front Office
3 4 (19.05%) Banking
4 2 (9.52%) Financial Institution
5 1 (4.76%) Investment Banking
Job Titles
1 12 (57.14%) Analyst
2 8 (38.10%) Desktop Support
3 6 (28.57%) Support Analyst
4 5 (23.81%) Desktop Analyst
4 5 (23.81%) Desktop Support Analyst
5 4 (19.05%) Business Analyst
6 2 (9.52%) Asset Management Analyst
6 2 (9.52%) Asset Management Business Analyst
6 2 (9.52%) Developer
6 2 (9.52%) Investment Management Business Analyst
6 2 (9.52%) Technical Analyst
7 1 (4.76%) 2nd Line Support Analyst
7 1 (4.76%) 2nd Line Technical Support
7 1 (4.76%) 2nd Line Technical Support Analyst
7 1 (4.76%) Asset Management Project Manager
7 1 (4.76%) C# WPF Developer
7 1 (4.76%) Fund Management Business Analyst
7 1 (4.76%) Regulatory Business Analyst
7 1 (4.76%) Trade Floor Support Analyst
7 1 (4.76%) WPF Developer
Libraries, Frameworks & Software Standards
1 1 (4.76%) .NET
1 1 (4.76%) .NET Framework
1 1 (4.76%) WPF
Miscellaneous
1 7 (33.33%) BYOD
1 7 (33.33%) Mobile App
2 5 (23.81%) Equities
2 5 (23.81%) Fixed Income
3 4 (19.05%) Derivative
4 3 (14.29%) Foreign Exchange (FX)
4 3 (14.29%) Hedge funds
5 2 (9.52%) Analytical Skills
5 2 (9.52%) Blackberry
5 2 (9.52%) Equity Derivative
5 2 (9.52%) Smartphone
5 2 (9.52%) Visualisation
6 1 (4.76%) Credit Derivative
Operating Systems
1 9 (42.86%) Windows
1 9 (42.86%) Windows 7
2 7 (33.33%) Android
2 7 (33.33%) Apple iOS
2 7 (33.33%) Windows 8
3 4 (19.05%) Mac OS X
4 1 (4.76%) Windows 10
Processes & Methodologies
1 8 (38.10%) ITIL
2 6 (28.57%) Investment Management
3 4 (19.05%) Asset Management
3 4 (19.05%) Fund Management
4 3 (14.29%) Agile Software Development
5 2 (9.52%) Analytics
5 2 (9.52%) Business Analysis
5 2 (9.52%) Data Modelling
5 2 (9.52%) Performance Tuning
5 2 (9.52%) Portfolio Management
5 2 (9.52%) Project Management
5 2 (9.52%) Risk Management
5 2 (9.52%) SOA
6 1 (4.76%) Data Architecture
6 1 (4.76%) Process Improvement
6 1 (4.76%) RAD
6 1 (4.76%) Translating Business Requirements
Programming Languages
1 7 (33.33%) PowerShell
2 4 (19.05%) SQL
3 3 (14.29%) MATLAB
3 3 (14.29%) R
3 3 (14.29%) VBA
4 2 (9.52%) C#
5 1 (4.76%) C++
5 1 (4.76%) Java
5 1 (4.76%) Python
Qualifications
1 4 (19.05%) ITIL Certification
2 2 (9.52%) CFA
2 2 (9.52%) Degree
2 2 (9.52%) MBA
Quality Assurance & Compliance
1 1 (4.76%) AIFMD
1 1 (4.76%) EMIR
1 1 (4.76%) MiFID
1 1 (4.76%) Solvency II
Vendors
1 20 (95.24%) Bloomberg
2 13 (61.90%) Reuters
3 7 (33.33%) Fidessa
3 7 (33.33%) HP
4 6 (28.57%) Microsoft
5 4 (19.05%) Apple
6 2 (9.52%) CQG
7 1 (4.76%) Citrix
7 1 (4.76%) QAD
City, London
Harvey Nash plc
Rate: £180 - £205 per day
Posted: Yesterday