The first table below looks at the demand 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 17 May 2013 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 Sophis.

Location
3 months to
17 May 2013
Same period 2012 Same period 2011
Sophis
Rank 374 343 365
Rank change year-on-year
-31 +22
Contract jobs citing Sophis 11 63 72
As % of all contract IT jobs located in London 0.051% 0.235% 0.230%
As % of the Vendors category 0.113% 0.529% 0.510%
Number of daily rates quoted 9 44 35
Average daily rate £500 £525 £575
Average daily rate % change year-on-year
-4.76% -8.69%
90% offered a daily rate of more than £435 £323 £485
10% offered a daily rate of more than £675 £618 £650
UK excluding London average daily rate - - £575
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
All Vendors
London
Contract IT job ads with a match in the
Vendors category
9746 11913 14109
As % of all contract IT jobs located in London 45.14% 44.48% 45.16%
Number of daily rates quoted 6153 7231 8518
Average daily rate £425 £425 £450
Average daily rate % change year-on-year
- -5.55%
90% offered a daily rate of more than £260 £268 £280
10% offered a daily rate of more than £580 £600 £625
UK excluding London average daily rate £350 £350 £350
Number of hourly rates quoted 288 288 409
Average hourly rate £21.34 £20.00 £20.00
Average hourly rate % change year-on-year
+6.67% -
90% offered a hourly rate of more than £12.50 £12.50 £12.50
10% offered a hourly rate of more than £45.00 £35.25 £40.25
UK excluding London average hourly rate £19.00 £19.00 £20.00
% change year-on-year
- -5.00%
Sophis
England

Sophis
Jobs Demand Trend

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.

London Sophis Jobs Demand Trend

Sophis
Daily Rate Trend

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

London Sophis Daily Rate Trend

Sophis
Daily Rate Histogram

This chart provides a histogram of daily rates quoted in contract IT jobs citing Sophis across the London region over the 3 months to 17 May 2013.

London Sophis Daily Rate Histogram

Sophis
Hourly Rate Trend

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

London Sophis Hourly Rate Trend

Sophis
Contract Locations

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 17 May 2013. 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
(Click each for more statistics)
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
Canary Wharf -10 2 £675 +8.00%
City of London -14 2 £650 +30.00%
Sophis
England

Sophis
Top 30 Related IT Skills

For the 6 months to 17 May 2013, 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 15 (75.00%) Derivative
2 13 (65.00%) Equity Derivative
3 12 (60.00%) SQL
4 11 (55.00%) C++
5 10 (50.00%) PL/SQL
5 10 (50.00%) Oracle
5 10 (50.00%) Finance
6 8 (40.00%) Equities
6 8 (40.00%) VB
6 8 (40.00%) Banking
6 8 (40.00%) Investment Banking
7 6 (30.00%) Murex
7 6 (30.00%) Calypso
8 5 (25.00%) Sophis RISQUE
8 5 (25.00%) Degree
8 5 (25.00%) JIRA
8 5 (25.00%) Computer Science
8 5 (25.00%) VBA
8 5 (25.00%) Migration
8 5 (25.00%) Front Office
9 4 (20.00%) Risk Management
9 4 (20.00%) Perforce
9 4 (20.00%) OLAP
9 4 (20.00%) UNIX
9 4 (20.00%) SharePoint
9 4 (20.00%) Data Warehouse
9 4 (20.00%) Data Modelling
9 4 (20.00%) Wiki
9 4 (20.00%) Oracle OLAP
9 4 (20.00%) Summit

Sophis
Top Related IT Skills by Category

For the 6 months to 17 May 2013, 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.

Application Development
1 1 (5.000%) WinForms
1 1 (5.000%) WPF
Application Platforms
1 4 (20.00%) SharePoint
1 4 (20.00%) Confluence
Business Applications
1 5 (25.00%) Sophis RISQUE
2 4 (20.00%) Summit
Database & Business Intelligence
1 4 (20.00%) OLAP
1 4 (20.00%) Data Warehouse
1 4 (20.00%) Oracle OLAP
2 2 (10.00%) SQL Server
Development Applications
1 5 (25.00%) JIRA
General
1 10 (50.00%) Finance
2 8 (40.00%) Banking
2 8 (40.00%) Investment Banking
3 5 (25.00%) Front Office
4 3 (15.00%) Financial Institution
5 2 (10.00%) Back Office
Job Titles
1 13 (65.00%) Developer
2 7 (35.00%) Oracle Developer
3 6 (30.00%) SQL Developer
3 6 (30.00%) PL/SQL Developer
4 5 (25.00%) Analyst
5 4 (20.00%) Oracle Database Developer
5 4 (20.00%) Database Developer
5 4 (20.00%) SQL Database Developer
6 3 (15.00%) Sophis Developer
6 3 (15.00%) Business Analyst
7 2 (10.00%) Technical Analyst
7 2 (10.00%) Technical Business Analyst
8 1 (5.000%) Environment Manager
8 1 (5.000%) Build Manager
8 1 (5.000%) C# Developer
8 1 (5.000%) Test Analyst
8 1 (5.000%) Systems Analyst
8 1 (5.000%) Release Manager
Miscellaneous
1 15 (75.00%) Derivative
2 13 (65.00%) Equity Derivative
3 8 (40.00%) Equities
4 5 (25.00%) Computer Science
5 4 (20.00%) Wiki
6 2 (10.00%) Foreign Exchange (FX)
Operating Systems
1 4 (20.00%) UNIX
Processes & Methodologies
1 5 (25.00%) Migration
2 4 (20.00%) Software Engineering
2 4 (20.00%) Data Modelling
2 4 (20.00%) Risk Management
2 4 (20.00%) Unit Testing
3 1 (5.000%) RAD
3 1 (5.000%) Business Intelligence
3 1 (5.000%) Business Analysis
3 1 (5.000%) Release Management
3 1 (5.000%) User Acceptance Testing
Programming Languages
1 12 (60.00%) SQL
2 11 (55.00%) C++
3 10 (50.00%) PL/SQL
4 8 (40.00%) VB
5 5 (25.00%) VBA
6 4 (20.00%) VB6
7 2 (10.00%) C#
Qualifications
1 5 (25.00%) Degree
Systems Management
1 4 (20.00%) HP Quality Center
Vendors
1 10 (50.00%) Oracle
2 6 (30.00%) Murex
2 6 (30.00%) Calypso
3 4 (20.00%) Perforce
4 3 (15.00%) Thunderhead
5 1 (5.000%) Wall Street Systems
5 1 (5.000%) DevExpress
London
Project Manager, Business Analyst, MarkitWire, Summit, Fixed Income, Clearing, Rates, Murex, Sophis, Calypso, Investment Banking, Risk... The role is a Summit Fixed Income MarkitWire IT Lead and the...
IT Human Resources
Rate: £800 - £850 per day
Posted: 16 May 2013