The table below looks at the statistics for GAAP 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 GAAP over the 3 months to 31 October 2014 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
31 Oct 2014
Same period 2013 Same period 2012
Generally Accepted Accounting Principles (GAAP)
Rank 396 417 387
Rank change year-on-year
+21 -30
Contract jobs citing GAAP 19 6 13
As % of all contract IT jobs located in London 0.077% 0.024% 0.055%
As % of the Quality Assurance & Compliance category 0.97% 0.30% 0.66%
Number of daily rates quoted 18 4 8
Average daily rate
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£525 £600 £650
Average daily rate % change year-on-year
-12.50% -7.69%
90% offered a daily rate of more than £347 £551 £373
10% offered a daily rate of more than £550 £653 £698
UK excluding London average daily rate £475 £280 £356
% change year-on-year
+69.64% -21.40%
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
GAAP
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
1956 2011 1965
As % of all contract IT jobs located in London 7.96% 7.96% 8.24%
Number of daily rates quoted 1359 1417 1393
Average daily rate £450 £475 £450
Average daily rate % change year-on-year
-5.26% +5.55%
90% offered a daily rate of more than £275 £300 £275
10% offered a daily rate of more than £625 £650 £625
UK excluding London average daily rate £370 £350 £375
% change year-on-year
+5.71% -6.66%
Number of hourly rates quoted 39 29 36
Average hourly rate £18.50 £21.75 £19.40
Average hourly rate % change year-on-year
-14.94% +12.11%
90% offered a hourly rate of more than £13.29 £13.87 £13.50
10% offered a hourly rate of more than £47.75 £64.55 £49.41
UK excluding London average hourly rate £17.50 £17.50 £19.00
% change year-on-year
- -7.89%

GAAP
Jobs Demand Trend in London

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

GAAP Jobs Demand Trend in London

GAAP
Daily Rate Trend in London

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

GAAP Daily Rate Trend in London

GAAP
Daily Rate Histogram in London

This chart provides a histogram of daily rates quoted in contract IT jobs citing GAAP across the London region over the 3 months to 31 October 2014.

GAAP Daily Rate Histogram in London

GAAP
Hourly Rate Trend in London

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

GAAP Hourly Rate Trend in London

GAAP
Top 30 Related IT Skills in London

For the 6 months to 31 October 2014, IT contractor jobs across the London region citing GAAP 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 GAAP.

1 25 (89.29%) Finance
2 12 (42.86%) SAP
3 9 (32.14%) Data Warehouse
4 8 (28.57%) General Ledger
5 6 (21.43%) Data Extraction
5 6 (21.43%) SAP BPC
5 6 (21.43%) SAP BW
5 6 (21.43%) NetWeaver
6 5 (17.86%) Project Management
6 5 (17.86%) Banking
6 5 (17.86%) Hyperion
6 5 (17.86%) QA
7 4 (14.29%) Wealth Management
7 4 (14.29%) TOWER Software
7 4 (14.29%) Applix
7 4 (14.29%) Cognos TM1
7 4 (14.29%) Asset Management
7 4 (14.29%) Business Intelligence
7 4 (14.29%) Cognos
7 4 (14.29%) Oracle
7 4 (14.29%) OLAP
8 3 (10.71%) ACCA
8 3 (10.71%) CIMA
8 3 (10.71%) Migration
9 2 (7.14%) Oracle General Ledger
9 2 (7.14%) Analytical Skills
9 2 (7.14%) Risk Management
9 2 (7.14%) Legal
9 2 (7.14%) Billing
9 2 (7.14%) Sarbanes-Oxley

GAAP
Top Related IT Skills in London by Category

For the 6 months to 31 October 2014, IT contractor jobs across the London region citing GAAP 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 GAAP. Up to 20 skills are shown per category.

Application Platforms
1 6 (21.43%) NetWeaver
Business Applications
1 6 (21.43%) SAP BPC
2 4 (14.29%) Cognos TM1
3 2 (7.14%) Oracle General Ledger
3 2 (7.14%) Oracle Financials
3 2 (7.14%) Oracle 11i
4 1 (3.57%) Oracle TCA
Database & Business Intelligence
1 9 (32.14%) Data Warehouse
2 6 (21.43%) SAP BW
3 4 (14.29%) OLAP
General
1 25 (89.29%) Finance
2 8 (28.57%) General Ledger
3 5 (17.86%) Banking
4 2 (7.14%) Billing
4 2 (7.14%) Legal
5 1 (3.57%) French Language
5 1 (3.57%) German Language
Job Titles
1 5 (17.86%) Architect
1 5 (17.86%) Analyst
1 5 (17.86%) Consultant
1 5 (17.86%) Solutions Architect
1 5 (17.86%) SAP Consultant
1 5 (17.86%) SAP BPC Consultant
2 4 (14.29%) Developer
2 4 (14.29%) TM1 Developer
3 2 (7.14%) Financial Analyst
3 2 (7.14%) Test Analyst
3 2 (7.14%) Business Analyst
4 1 (3.57%) Business Manager
4 1 (3.57%) Solvency II Business Analyst
Miscellaneous
1 6 (21.43%) Data Extraction
2 2 (7.14%) Analytical Skills
3 1 (3.57%) FMCG
Processes & Methodologies
1 5 (17.86%) Project Management
2 4 (14.29%) Business Intelligence
2 4 (14.29%) Asset Management
2 4 (14.29%) Wealth Management
3 3 (10.71%) Migration
4 2 (7.14%) Risk Management
4 2 (7.14%) ERP
5 1 (3.57%) Process Management
5 1 (3.57%) Validation
5 1 (3.57%) Time Management
5 1 (3.57%) Data Migration
5 1 (3.57%) Data Cleansing
5 1 (3.57%) Financial Modelling
5 1 (3.57%) Test Automation
5 1 (3.57%) Business Process Mapping
Programming Languages
1 1 (3.57%) PL/SQL
1 1 (3.57%) SQL
Qualifications
1 3 (10.71%) ACCA
1 3 (10.71%) CIMA
2 1 (3.57%) ISTQB
2 1 (3.57%) Degree
2 1 (3.57%) SC Cleared
2 1 (3.57%) DV Cleared
2 1 (3.57%) Security Cleared
2 1 (3.57%) ISTQB Advanced Certification
Quality Assurance & Compliance
1 5 (17.86%) QA
2 2 (7.14%) Sarbanes-Oxley
3 1 (3.57%) Solvency II
3 1 (3.57%) FINREP
Vendors
1 12 (42.86%) SAP
2 5 (17.86%) Hyperion
3 4 (14.29%) TOWER Software
3 4 (14.29%) Applix
3 4 (14.29%) Cognos
3 4 (14.29%) Oracle
4 2 (7.14%) CA
5 1 (3.57%) Sun
London
Templeton and Partners - SAP & UK Account
Rate: £450 - 500 per day
Posted: 2 days ago
City, London
ITF Solutions
Rate: £350 - £400 per day
Posted: 4 days ago
London Bridge
Templeton and Partners - SAP & UK Account
Rate: Market related
Posted: 22 days ago