The first table below looks at the demand 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 29 July 2014 with a comparison to the same period in the previous 2 years. The second table is for comparison and provides aggregates for all Vendors for the London region.

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
29 Jul 2014
Same period 2013 Same period 2012
FactSet
Rank 414 409 403
Rank change year-on-year
-5 -6
Contract jobs citing FactSet 3 4 5
As % of all contract IT jobs located in London 0.013% 0.016% 0.019%
As % of the Vendors category 0.028% 0.036% 0.042%
Number of daily rates quoted 3 4 3
Average daily rate
Keep up to 90%
of your Daily Rate
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£500 £463 £185
Average daily rate % change year-on-year
+8.10% +150.00%
UK excluding London average daily rate £188 £150 -
% change year-on-year
+25.00% -
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
Vendors Category
London
Contract IT job ads with a match in the
Vendors category
10564 11132 11879
As % of all contract IT jobs located in London 44.96% 45.86% 45.00%
Number of daily rates quoted 6673 7089 7127
Average daily rate £425 £425 £410
Average daily rate % change year-on-year
- +3.65%
90% offered a daily rate of more than £230 £255 £250
10% offered a daily rate of more than £575 £575 £575
UK excluding London average daily rate £350 £350 £350
Number of hourly rates quoted 219 287 342
Average hourly rate £19.00 £22.00 £19.50
Average hourly rate % change year-on-year
-13.63% +12.82%
90% offered a hourly rate of more than £12.80 £13.50 £13.00
10% offered a hourly rate of more than £34.35 £48.00 £35.50
UK excluding London average hourly rate £17.50 £19.50 £19.00
% change year-on-year
-10.25% +2.63%
FactSet
England

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
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 29 July 2014. 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 +23 2 £500 +8.10% 4
Docklands, London - - - -
FactSet
England

FactSet
Top 30 Related IT Skills in London

For the 6 months to 29 July 2014, 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 5 (83.33%) Asset Management
2 4 (66.67%) Bloomberg
3 3 (50.00%) Charles River
3 3 (50.00%) SQL
3 3 (50.00%) VBA
3 3 (50.00%) Disaster Recovery
3 3 (50.00%) Front Office
3 3 (50.00%) Sophis
3 3 (50.00%) Investment Management
4 2 (33.33%) Continuous Integration
4 2 (33.33%) JIRA
4 2 (33.33%) QA
4 2 (33.33%) Fund Management
4 2 (33.33%) Use Case
4 2 (33.33%) Confluence
4 2 (33.33%) BI-SAM
4 2 (33.33%) Performance Tuning
4 2 (33.33%) Finance
4 2 (33.33%) Maven
4 2 (33.33%) Sybase
4 2 (33.33%) Crystal Reports
4 2 (33.33%) T-SQL
4 2 (33.33%) StatPro
4 2 (33.33%) UML
5 1 (16.67%) HP
5 1 (16.67%) QuickTest Pro
5 1 (16.67%) Middleware
5 1 (16.67%) Reuters
5 1 (16.67%) VBScript
5 1 (16.67%) VB

FactSet
Top Related IT Skills in London by Category

For the 6 months to 29 July 2014, 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 2 (33.33%) Confluence
Database & Business Intelligence
1 2 (33.33%) Crystal Reports
Development Applications
1 2 (33.33%) Maven
1 2 (33.33%) JIRA
2 1 (16.67%) QuickTest Pro
General
1 3 (50.00%) Front Office
2 2 (33.33%) Finance
3 1 (16.67%) Legal
3 1 (16.67%) Marketing
Job Titles
1 3 (50.00%) Applications Support
2 2 (33.33%) Database Developer
2 2 (33.33%) SQL Developer
2 2 (33.33%) Sybase Developer
2 2 (33.33%) SQL Database Developer
2 2 (33.33%) Developer
3 1 (16.67%) Analyst
3 1 (16.67%) Business Analyst
Libraries, Frameworks & Software Standards
1 1 (16.67%) Middleware
Miscellaneous
1 1 (16.67%) Fixed Income
1 1 (16.67%) Equities
1 1 (16.67%) Reference Data
Operating Systems
1 1 (16.67%) UNIX
1 1 (16.67%) Linux
Processes & Methodologies
1 5 (83.33%) Asset Management
2 3 (50.00%) Disaster Recovery
2 3 (50.00%) Investment Management
3 2 (33.33%) Performance Tuning
3 2 (33.33%) Fund Management
3 2 (33.33%) Use Case
3 2 (33.33%) UML
3 2 (33.33%) Continuous Integration
4 1 (16.67%) Incident Management
4 1 (16.67%) Integration Testing
Programming Languages
1 3 (50.00%) SQL
1 3 (50.00%) VBA
2 2 (33.33%) T-SQL
3 1 (16.67%) VBScript
3 1 (16.67%) VB
Quality Assurance & Compliance
1 2 (33.33%) QA
Vendors
1 4 (66.67%) Bloomberg
2 3 (50.00%) Charles River
2 3 (50.00%) Sophis
3 2 (33.33%) BI-SAM
3 2 (33.33%) StatPro
3 2 (33.33%) Sybase
4 1 (16.67%) HP
4 1 (16.67%) Reuters
4 1 (16.67%) VMware