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 30 April 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.

3 months to
30 Apr 2016
Same period 2015 Same period 2014
FactSet
Rank 418 417 422
Rank change year-on-year
-1 +5
Contract jobs citing FactSet 14 10 14
As % of all contract IT jobs located in London 0.061% 0.045% 0.060%
As % of the Vendors category 0.15% 0.10% 0.14%
Number of daily rates quoted 12 8 13
Average daily rate £330 £463 £450
Average daily rate % change year-on-year
-28.64% +2.77%
90% offered a daily rate of more than £230 £328 £253
10% offered a daily rate of more than £355 £700 £600
UK excluding London average daily rate £225 £550 -
% change year-on-year
-59.09% -
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
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
9460 9947 10299
As % of all contract IT jobs located in London 41.10% 44.35% 44.13%
Number of daily rates quoted 6407 6428 6720
Average daily rate £450 £425 £425
Average daily rate % change year-on-year
+5.88% -
90% offered a daily rate of more than £275 £250 £250
10% offered a daily rate of more than £600 £580 £600
UK excluding London average daily rate £380 £375 £350
% change year-on-year
+1.33% +7.14%
Number of hourly rates quoted 125 227 207
Average hourly rate £19.00 £19.00 £19.00
90% offered a hourly rate of more than £10.10 £13.00 £14.00
10% offered a hourly rate of more than £39.40 £42.00 £33.41
UK excluding London average hourly rate £20.00 £18.00 £17.50
% change year-on-year
+11.11% +2.85%

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 30 April 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 30 April 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 +42 5 £328 -31.05% 1
FactSet
England

FactSet
Top 30 Related IT Skills in London

For the 6 months to 30 April 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 19 (95.00%) Bloomberg
2 17 (85.00%) Reuters
3 16 (80.00%) Front Office
3 16 (80.00%) Finance
4 15 (75.00%) Asset Management
5 11 (55.00%) Investment Management
6 10 (50.00%) Oracle BI EE
6 10 (50.00%) Charles River
6 10 (50.00%) Crystal Reports
7 9 (45.00%) VBA
8 8 (40.00%) Problem Management
8 8 (40.00%) Disaster Recovery
8 8 (40.00%) Portfolio Management
9 5 (25.00%) MS Office
9 5 (25.00%) Windows
9 5 (25.00%) Fund Management
9 5 (25.00%) Windows 7
10 4 (20.00%) Equities
10 4 (20.00%) Incident Management
10 4 (20.00%) SQL
11 3 (15.00%) MS Excel
11 3 (15.00%) Fixed Income
11 3 (15.00%) Hedge funds
11 3 (15.00%) Windows 8
12 2 (10.00%) BYOD
12 2 (10.00%) Mobile App
12 2 (10.00%) Eikon
12 2 (10.00%) Android
12 2 (10.00%) Apple iOS
12 2 (10.00%) PowerShell

FactSet
Top Related IT Skills in London by Category

For the 6 months to 30 April 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.

Application Platforms
1 1 (5.00%) SharePoint
Applications
1 5 (25.00%) MS Office
2 3 (15.00%) MS Excel
3 1 (5.00%) MS PowerPoint
Business Applications
1 2 (10.00%) Eikon
Communications & Networking
1 2 (10.00%) TCP/IP
Database & Business Intelligence
1 10 (50.00%) Crystal Reports
1 10 (50.00%) Oracle BI EE
General
1 16 (80.00%) Finance
1 16 (80.00%) Front Office
2 2 (10.00%) Financial Institution
3 1 (5.00%) Banking
Job Titles
1 11 (55.00%) Analyst
2 6 (30.00%) Applications Support
2 6 (30.00%) Support Analyst
3 4 (20.00%) Business Analyst
4 3 (15.00%) Asset Management Analyst
5 2 (10.00%) Applications Support Analyst
5 2 (10.00%) Asset Management Business Analyst
5 2 (10.00%) Charles River Support Analyst
5 2 (10.00%) Desktop Support
5 2 (10.00%) Investment Management Business Analyst
5 2 (10.00%) Technical Analyst
6 1 (5.00%) 2nd Line Support
6 1 (5.00%) Applications Support Specialist
6 1 (5.00%) Business Project Manager
6 1 (5.00%) Business Support Analyst
6 1 (5.00%) Project Analyst
6 1 (5.00%) Senior Business Analyst
6 1 (5.00%) Support Manager
6 1 (5.00%) Technical Manager
6 1 (5.00%) Technical Support
Libraries, Frameworks & Software Standards
1 1 (5.00%) .NET
1 1 (5.00%) .NET Framework
Miscellaneous
1 4 (20.00%) Equities
2 3 (15.00%) Fixed Income
2 3 (15.00%) Hedge funds
3 2 (10.00%) BYOD
3 2 (10.00%) Derivative
3 2 (10.00%) Mobile App
4 1 (5.00%) Blackberry
4 1 (5.00%) Credit Derivative
4 1 (5.00%) Foreign Exchange (FX)
4 1 (5.00%) Smartphone
Operating Systems
1 5 (25.00%) Windows
1 5 (25.00%) Windows 7
2 3 (15.00%) Windows 8
3 2 (10.00%) Android
3 2 (10.00%) Apple iOS
4 1 (5.00%) Mac OS X
4 1 (5.00%) Windows 10
Processes & Methodologies
1 15 (75.00%) Asset Management
2 11 (55.00%) Investment Management
3 8 (40.00%) Disaster Recovery
3 8 (40.00%) Portfolio Management
3 8 (40.00%) Problem Management
4 5 (25.00%) Fund Management
5 4 (20.00%) Incident Management
6 2 (10.00%) Business Analysis
6 2 (10.00%) Project Management
7 1 (5.00%) Agile Software Development
7 1 (5.00%) Data Architecture
7 1 (5.00%) ITIL
7 1 (5.00%) Process Improvement
7 1 (5.00%) RAD
7 1 (5.00%) Translating Business Requirements
Programming Languages
1 9 (45.00%) VBA
2 4 (20.00%) SQL
3 2 (10.00%) PowerShell
4 1 (5.00%) C#
4 1 (5.00%) C++
4 1 (5.00%) MATLAB
4 1 (5.00%) Python
4 1 (5.00%) R
Qualifications
1 1 (5.00%) ITIL Certification
Quality Assurance & Compliance
1 1 (5.00%) AIFMD
1 1 (5.00%) EMIR
1 1 (5.00%) MiFID
1 1 (5.00%) Solvency II
System Software
1 1 (5.00%) Active Directory
Vendors
1 19 (95.00%) Bloomberg
2 17 (85.00%) Reuters
3 10 (50.00%) Charles River
4 2 (10.00%) CQG
4 2 (10.00%) Fidessa
4 2 (10.00%) HP
4 2 (10.00%) Microsoft
5 1 (5.00%) Apple
5 1 (5.00%) Cisco
5 1 (5.00%) Citrix
5 1 (5.00%) QAD