The table below looks at the statistics for Summit skills in IT contracts advertised for the London region. Included is a guide to the contractor rates offered in IT contracts that have cited Summit over the 3 months to 27 August 2016 with a comparison to the same period over 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.

3 months to
27 Aug 2016
Same period 2015 Same period 2014
Misys FusionCapital Summit
Rank 424 419 424
Rank change year-on-year
-5 +5
Contract jobs citing Summit 13 27 13
As % of all contract IT jobs located in London 0.057% 0.11% 0.054%
As % of the Business Applications category 0.76% 1.42% 0.53%
Number of daily rates quoted 9 13 5
Median daily rate £600 £525 £545
Median daily rate % change year-on-year
+14.28% -3.66%
90% offered a daily rate of more than £470 £430 £395
10% offered a daily rate of more than £705 £655 £559
UK excluding London median daily rate £450 £458 £190
% change year-on-year
-1.63% +140.78%
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median hourly rate - - -
Summit
England

The following table is for comparison with the above and provides statistics for the entire Business Applications category in contract jobs advertised in the London region.

Business Applications Category
London
Contract IT job ads with a match in the
Business Applications category
1704 1906 2446
As % of all contract IT jobs located in London 7.50% 8.06% 10.07%
Number of daily rates quoted 1127 1179 1455
Median daily rate £475 £475 £475
90% offered a daily rate of more than £325 £288 £300
10% offered a daily rate of more than £625 £625 £600
UK excluding London median daily rate £425 £423 £425
% change year-on-year
+0.59% -0.58%
Number of hourly rates quoted 3 13 14
Median hourly rate £19.50 £38.80 £27.50
Median hourly rate % change year-on-year
-49.74% +41.09%
90% offered a hourly rate of more than £7.90 £23.00 £13.46
10% offered a hourly rate of more than £29.90 £121.00 £32.82
UK excluding London median hourly rate £36.00 £20.32 £31.50
% change year-on-year
+77.16% -35.49%

Summit
Jobs Demand Trend in London

The demand trend of contract jobs across the London region citing Summit as a proportion of all IT contracts with a match in the Business Applications category.

Summit Jobs Demand Trend in London

Summit
Daily Rate Trend in London

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

Summit Daily Rate Trend in London

Summit
Daily Rate Histogram in London

This chart provides a histogram of daily rates quoted in contract IT jobs citing Summit across the London region over the 3 months to 27 August 2016.

Summit Daily Rate Histogram in London

Summit
Hourly Rate Trend in London

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

Summit Hourly Rate Trend in London

Summit
Contract Job Locations in London

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Summit within the London region over the 3 months to 27 August 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
(Click see detailed
statistics and trends)
Rank Change
on Same Period
Last Year
Matching
Contract
IT Job Ads
Median
Daily Rate
Last 3 Months
Median Daily Rate
% Change
on Same Period
Last Year
Live
Job
Vacancies
City of London +32 3 £675 +28.57% 2
Summit
England

Summit
Top 30 Related IT Skills in London

For the 6 months to 27 August 2016, IT contractor jobs citing Summit also mentioned the following skills in order of popularity. The figures indicate the number co-occurrences and its proportion to all contract ads across the London region with a requirement for Summit.

1 22 (81.48%) Calypso
2 21 (77.78%) Murex
3 15 (55.56%) Banking
4 11 (40.74%) Finance
5 8 (29.63%) SQL
5 8 (29.63%) Business Analysis
5 8 (29.63%) Algorithmic Trading
5 8 (29.63%) EMIR
6 7 (25.93%) Java
6 7 (25.93%) Front Office
7 6 (22.22%) Unix
7 6 (22.22%) Investment Banking
7 6 (22.22%) Market Risk
8 5 (18.52%) Degree
8 5 (18.52%) JIRA
8 5 (18.52%) FATCA
8 5 (18.52%) Collateral Management
8 5 (18.52%) Retail
8 5 (18.52%) Stakeholder Management
8 5 (18.52%) IBM
8 5 (18.52%) Fidessa
8 5 (18.52%) Foreign Exchange (FX)
9 4 (14.81%) Back Office
9 4 (14.81%) Financial Institution
9 4 (14.81%) Fixed Income
9 4 (14.81%) Agile Software Development
9 4 (14.81%) QA
9 4 (14.81%) Hedge funds
9 4 (14.81%) MiFID
9 4 (14.81%) Data Analysis

Summit
Top Related IT Skills in London by Category

The follow tables expand on the table above by listing co-occurrences grouped by category. The same job type, locality and period is covered with up to 20 co-occurrences shown in each of the following categories:

Applications
1 2 (7.41%) MS Excel
1 2 (7.41%) MS PowerPoint
1 2 (7.41%) MS Project
1 2 (7.41%) MS Visio
2 1 (3.70%) MS Office
Business Applications
1 1 (3.70%) Oracle Cash Management
Database & Business Intelligence
1 1 (3.70%) KDB
Development Applications
1 5 (18.52%) JIRA
General
1 15 (55.56%) Banking
2 11 (40.74%) Finance
3 7 (25.93%) Front Office
4 6 (22.22%) Investment Banking
5 5 (18.52%) Retail
6 4 (14.81%) Back Office
6 4 (14.81%) Financial Institution
7 1 (3.70%) French Language
7 1 (3.70%) Legal
Job Titles
1 13 (48.15%) Analyst
1 13 (48.15%) Business Analyst
2 7 (25.93%) Project Manager
3 6 (22.22%) Developer
3 6 (22.22%) Java Developer
4 5 (18.52%) Lead Developer
4 5 (18.52%) Lead Java Developer
5 4 (14.81%) Investment Banking Business Analyst
6 3 (11.11%) Banking Analyst
6 3 (11.11%) Business IT Analyst
6 3 (11.11%) IT Analyst
6 3 (11.11%) IT Business Analyst
6 3 (11.11%) IT Manager
6 3 (11.11%) IT Project Manager
6 3 (11.11%) Regulatory Business Analyst
6 3 (11.11%) Regulatory Reporting Business Analyst
6 3 (11.11%) Report Analyst
7 2 (7.41%) Murex Project Manager
7 2 (7.41%) Risk Manager
8 1 (3.70%) Murex Analyst
Libraries, Frameworks & Software Standards
1 1 (3.70%) .NET
1 1 (3.70%) FpML
1 1 (3.70%) XML
Miscellaneous
1 6 (22.22%) Market Risk
2 5 (18.52%) Foreign Exchange (FX)
3 4 (14.81%) Derivative
3 4 (14.81%) Fixed Income
3 4 (14.81%) Hedge funds
4 2 (7.41%) Data Structures
4 2 (7.41%) OTC Derivatives
5 1 (3.70%) Analytical Skills
5 1 (3.70%) SWIFT
Operating Systems
1 6 (22.22%) Unix
2 1 (3.70%) Windows
Processes & Methodologies
1 8 (29.63%) Algorithmic Trading
1 8 (29.63%) Business Analysis
2 5 (18.52%) Collateral Management
2 5 (18.52%) Stakeholder Management
3 4 (14.81%) Agile Software Development
3 4 (14.81%) Data Analysis
4 3 (11.11%) Risk Management
5 2 (7.41%) Cash Management
5 2 (7.41%) Change Management
5 2 (7.41%) Data Cleansing
5 2 (7.41%) Issue Tracking
5 2 (7.41%) Matrix Organization
5 2 (7.41%) Migration
5 2 (7.41%) Project Governance
5 2 (7.41%) Translating Business Requirements
5 2 (7.41%) Waterfall
6 1 (3.70%) Concurrent Programming
6 1 (3.70%) Defect Tracking
6 1 (3.70%) Garbage Collection
6 1 (3.70%) Risk Assessment
Programming Languages
1 8 (29.63%) SQL
2 7 (25.93%) Java
Qualifications
1 5 (18.52%) Degree
Quality Assurance & Compliance
1 8 (29.63%) EMIR
2 5 (18.52%) FATCA
3 4 (14.81%) MiFID
3 4 (14.81%) QA
4 3 (11.11%) AIFMD
Vendors
1 22 (81.48%) Calypso
2 21 (77.78%) Murex
3 5 (18.52%) Fidessa
3 5 (18.52%) IBM
4 2 (7.41%) Oracle
4 2 (7.41%) Sophis
5 1 (3.70%) ION Trading
5 1 (3.70%) Yolus