The table below looks at the statistics for knowledge and experience of Sophis 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 Sophis over the 3 months to 29 May 2015 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 Sophis.

Location
3 months to
29 May 2015
Same period 2014 Same period 2013
Sophis
Rank 397 388 391
Rank change year-on-year
-9 +3
Contract jobs citing Sophis 5 17 9
As % of all contract IT jobs located in London 0.023% 0.075% 0.041%
As % of the Vendors category 0.051% 0.17% 0.091%
Number of daily rates quoted 5 5 7
Average daily rate
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£625 £450 £500
Average daily rate % change year-on-year
+38.88% -10.00%
90% offered a daily rate of more than £355 £403 £443
10% offered a daily rate of more than £680 £555 £690
UK excluding London average daily rate - - -
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
Sophis
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
9766 10042 9933
As % of all contract IT jobs located in London 44.53% 44.07% 44.92%
Number of daily rates quoted 6422 6551 6241
Average daily rate £425 £425 £425
90% offered a daily rate of more than £260 £250 £263
10% offered a daily rate of more than £600 £590 £575
UK excluding London average daily rate £370 £350 £350
% change year-on-year
+5.71% -
Number of hourly rates quoted 252 209 293
Average hourly rate £19.88 £19.00 £21.34
Average hourly rate % change year-on-year
+4.60% -10.94%
90% offered a hourly rate of more than £13.09 £13.50 £12.50
10% offered a hourly rate of more than £50.00 £30.00 £45.00
UK excluding London average hourly rate £18.00 £17.00 £19.00
% change year-on-year
+5.88% -10.52%

Sophis
Jobs Demand Trend in London

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

Sophis Jobs Demand Trend in London

Sophis
Daily Rate Trend in London

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

Sophis Daily Rate Trend in London

Sophis
Daily Rate Histogram in London

This chart provides a histogram of daily rates quoted in contract IT jobs citing Sophis across the London region over the 3 months to 29 May 2015.

Sophis Daily Rate Histogram in London

Sophis
Hourly Rate Trend in London

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

Sophis Hourly Rate Trend in London

Sophis
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 Sophis within the London region over the 3 months to 29 May 2015. 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 +13 1 £225 - 1
Sophis
England

Sophis
Top 30 Related IT Skills in London

For the 6 months to 29 May 2015, IT contractor jobs across the London region citing Sophis 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 Sophis.

1 12 (66.67%) Derivative
2 9 (50.00%) Banking
3 8 (44.44%) Equity Derivative
4 7 (38.89%) Finance
5 6 (33.33%) Investment Banking
6 5 (27.78%) Agile Software Development
6 5 (27.78%) Murex
7 4 (22.22%) Front Office
7 4 (22.22%) Equities
8 3 (16.67%) Stakeholder Management
8 3 (16.67%) Calypso
8 3 (16.67%) Project Management
8 3 (16.67%) Credit Risk
9 2 (11.11%) Analytics
9 2 (11.11%) SDLC
9 2 (11.11%) Monte Carlo Method
9 2 (11.11%) Charles River
9 2 (11.11%) Foreign Exchange (FX)
9 2 (11.11%) SQL
9 2 (11.11%) Migration
9 2 (11.11%) Risk Management
9 2 (11.11%) Fixed Income
9 2 (11.11%) Programme Management
9 2 (11.11%) Swaptions
9 2 (11.11%) Open Workbench
9 2 (11.11%) thinkFolio
10 1 (5.56%) Stress Testing
10 1 (5.56%) Test Scripting
10 1 (5.56%) Investment Management
10 1 (5.56%) Wall Street Systems

Sophis
Top Related IT Skills in London by Category

For the 6 months to 29 May 2015, IT contractor jobs across the London region citing Sophis 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 Sophis. Up to 20 skills are shown per category.

Applications
1 2 (11.11%) Open Workbench
Business Applications
1 2 (11.11%) thinkFolio
2 1 (5.56%) SimCorp Dimension
2 1 (5.56%) LatentZero
2 1 (5.56%) Front Arena
Development Applications
1 1 (5.56%) JIRA
General
1 9 (50.00%) Banking
2 7 (38.89%) Finance
3 6 (33.33%) Investment Banking
4 4 (22.22%) Front Office
5 1 (5.56%) Corporate Banking
5 1 (5.56%) Billing
5 1 (5.56%) Back Office
Job Titles
1 6 (33.33%) Project Manager
1 6 (33.33%) Analyst
2 4 (22.22%) Business Analyst
3 3 (16.67%) IT Project Manager
3 3 (16.67%) IT Programme Manager
3 3 (16.67%) Programme Manager
4 2 (11.11%) Support Specialist
4 2 (11.11%) Applications Support
4 2 (11.11%) Sophis Business Analyst
5 1 (5.56%) Junior Test Analyst
5 1 (5.56%) Junior Analyst
5 1 (5.56%) Applications Support Analyst
5 1 (5.56%) Senior Analyst
5 1 (5.56%) Applications Support Engineer
5 1 (5.56%) Sophis Developer
5 1 (5.56%) Business Manager
5 1 (5.56%) Senior Business Analyst
5 1 (5.56%) Junior
5 1 (5.56%) Developer
5 1 (5.56%) Test Analyst
Miscellaneous
1 12 (66.67%) Derivative
2 8 (44.44%) Equity Derivative
3 4 (22.22%) Equities
4 3 (16.67%) Credit Risk
5 2 (11.11%) Foreign Exchange (FX)
5 2 (11.11%) Fixed Income
5 2 (11.11%) Swaptions
6 1 (5.56%) PMI
6 1 (5.56%) Hedge funds
Operating Systems
1 1 (5.56%) UNIX
Processes & Methodologies
1 5 (27.78%) Agile Software Development
2 3 (16.67%) Stakeholder Management
2 3 (16.67%) Project Management
3 2 (11.11%) Analytics
3 2 (11.11%) SDLC
3 2 (11.11%) Monte Carlo Method
3 2 (11.11%) Migration
3 2 (11.11%) Risk Management
3 2 (11.11%) Programme Management
4 1 (5.56%) Stress Testing
4 1 (5.56%) Test Scripting
4 1 (5.56%) Investment Management
4 1 (5.56%) Fund Management
4 1 (5.56%) Business Analysis
4 1 (5.56%) Asset Management
4 1 (5.56%) Data Analysis
4 1 (5.56%) GAP Analysis
4 1 (5.56%) PRINCE2
4 1 (5.56%) BCP
4 1 (5.56%) BPR
Programming Languages
1 2 (11.11%) SQL
2 1 (5.56%) Python
2 1 (5.56%) Shell Script
2 1 (5.56%) C#
Qualifications
1 1 (5.56%) CFA
1 1 (5.56%) Degree
1 1 (5.56%) PRINCE2 Certification
1 1 (5.56%) PMI Certification
Systems Management
1 1 (5.56%) Control-M
1 1 (5.56%) HP Quality Center
Vendors
1 5 (27.78%) Murex
2 3 (16.67%) Calypso
3 2 (11.11%) Charles River
4 1 (5.56%) Wall Street Systems
4 1 (5.56%) SimCorp
4 1 (5.56%) Oracle
4 1 (5.56%) Microsoft
4 1 (5.56%) SunGard
4 1 (5.56%) Bloomberg
4 1 (5.56%) Remedy
Central London / West End
Westbourne Partners
Rate: From £600 to £650 per day
Posted: 20 hours ago