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 26 September 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
26 Sep 2016
Same period 2015 Same period 2014
Misys FusionCapital Summit
Rank 419 411 415
Rank change year-on-year
-8 +4
Contract jobs citing Summit 21 23 23
As % of all contract IT jobs located in London 0.092% 0.100% 0.094%
As % of the Business Applications category 1.21% 1.24% 0.93%
Number of daily rates quoted 12 10 17
Median daily rate £575 £475 £550
Median daily rate % change year-on-year
+21.05% -13.63%
90% offered a daily rate of more than £426 £275 £415
10% offered a daily rate of more than £723 £610 £569
UK excluding London median daily rate £538 £500 £190
% change year-on-year
+7.50% +163.15%
Number of hourly rates quoted 0 1 0
Median hourly rate - £25.00 -
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
1738 1852 2481
As % of all contract IT jobs located in London 7.58% 8.03% 10.12%
Number of daily rates quoted 1162 1130 1571
Median daily rate £475 £450 £469
Median daily rate % change year-on-year
+5.55% -3.94%
90% offered a daily rate of more than £325 £280 £319
10% offered a daily rate of more than £650 £625 £600
UK excluding London median daily rate £425 £425 £425
Number of hourly rates quoted 6 15 15
Median hourly rate £17.50 £30.75 £25.00
Median hourly rate % change year-on-year
-43.08% +23.00%
90% offered a hourly rate of more than £5.00 £17.75 £13.00
10% offered a hourly rate of more than £25.50 £100.00 £34.89
UK excluding London median hourly rate £36.00 £17.50 £31.75
% change year-on-year
+105.71% -44.88%

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 26 September 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 26 September 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 +13 3 £675 +58.82% 1
Summit
England

Summit
Top 30 Related IT Skills in London

For the 6 months to 26 September 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 (78.57%) Murex
2 19 (67.86%) Calypso
3 18 (64.29%) Finance
4 13 (46.43%) Banking
5 12 (42.86%) Front Office
6 9 (32.14%) SQL
6 9 (32.14%) Business Analysis
6 9 (32.14%) Derivative
7 8 (28.57%) Unix
7 8 (28.57%) Java
7 8 (28.57%) Fixed Income
8 5 (17.86%) Retail
8 5 (17.86%) MiFID
9 4 (14.29%) JIRA
9 4 (14.29%) Degree
9 4 (14.29%) Data Analysis
9 4 (14.29%) Investment Banking
9 4 (14.29%) QA
9 4 (14.29%) Algorithmic Trading
9 4 (14.29%) Market Risk
9 4 (14.29%) Electronic Trading
9 4 (14.29%) FATCA
9 4 (14.29%) EMIR
9 4 (14.29%) Collateral Management
9 4 (14.29%) Agile Software Development
9 4 (14.29%) IBM
9 4 (14.29%) Oracle
9 4 (14.29%) Project Management
9 4 (14.29%) Fidessa
9 4 (14.29%) Bloomberg

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 (7.14%) MS Excel
1 2 (7.14%) MS PowerPoint
1 2 (7.14%) MS Project
1 2 (7.14%) MS Visio
2 1 (3.57%) MS Office
Business Applications
1 2 (7.14%) Oracle General Ledger
2 1 (3.57%) Oracle Cash Management
Database & Business Intelligence
1 3 (10.71%) KDB
Development Applications
1 4 (14.29%) JIRA
2 2 (7.14%) Eclipse
General
1 18 (64.29%) Finance
2 13 (46.43%) Banking
3 12 (42.86%) Front Office
4 5 (17.86%) Retail
5 4 (14.29%) Investment Banking
6 3 (10.71%) Financial Institution
7 1 (3.57%) Back Office
7 1 (3.57%) French Language
7 1 (3.57%) Legal
Job Titles
1 12 (42.86%) Analyst
2 11 (39.29%) Business Analyst
3 9 (32.14%) Developer
4 7 (25.00%) Java Developer
5 4 (14.29%) Lead Developer
5 4 (14.29%) Lead Java Developer
5 4 (14.29%) Project Manager
6 3 (10.71%) Business IT Analyst
6 3 (10.71%) IT Analyst
6 3 (10.71%) IT Business Analyst
6 3 (10.71%) IT Manager
6 3 (10.71%) IT Project Manager
7 2 (7.14%) Lead Business Analyst
7 2 (7.14%) MiFID Business Analyst
7 2 (7.14%) Risk Manager
7 2 (7.14%) Summit Support
7 2 (7.14%) Summit Support Analyst
7 2 (7.14%) Support Analyst
8 1 (3.57%) Java Development Manager
8 1 (3.57%) Murex Support Analyst
Libraries, Frameworks & Software Standards
1 2 (7.14%) Spring
2 1 (3.57%) .NET
2 1 (3.57%) CORBA
2 1 (3.57%) FpML
2 1 (3.57%) XML
Miscellaneous
1 9 (32.14%) Derivative
2 8 (28.57%) Fixed Income
3 4 (14.29%) Market Risk
4 3 (10.71%) Foreign Exchange (FX)
5 2 (7.14%) Analytical Skills
5 2 (7.14%) Credit Derivative
5 2 (7.14%) Data Structures
6 1 (3.57%) Hedge funds
6 1 (3.57%) OTC Derivatives
6 1 (3.57%) SWIFT
Operating Systems
1 8 (28.57%) Unix
2 3 (10.71%) Windows
3 2 (7.14%) Linux
Processes & Methodologies
1 9 (32.14%) Business Analysis
2 4 (14.29%) Agile Software Development
2 4 (14.29%) Algorithmic Trading
2 4 (14.29%) Collateral Management
2 4 (14.29%) Data Analysis
2 4 (14.29%) Electronic Trading
2 4 (14.29%) Project Management
3 3 (10.71%) Multithreading
3 3 (10.71%) Risk Management
3 3 (10.71%) Stakeholder Management
4 2 (7.14%) Cash Management
4 2 (7.14%) Change Management
4 2 (7.14%) Data Cleansing
4 2 (7.14%) Issue Tracking
4 2 (7.14%) Matrix Organization
4 2 (7.14%) Project Governance
4 2 (7.14%) Translating Business Requirements
4 2 (7.14%) Unit Testing
4 2 (7.14%) User Acceptance Testing
4 2 (7.14%) Waterfall
Programming Languages
1 9 (32.14%) SQL
2 8 (28.57%) Java
3 2 (7.14%) C
3 2 (7.14%) C#
3 2 (7.14%) C++
3 2 (7.14%) Shell Script
4 1 (3.57%) Perl
4 1 (3.57%) VBA
Qualifications
1 4 (14.29%) Degree
Quality Assurance & Compliance
1 5 (17.86%) MiFID
2 4 (14.29%) EMIR
2 4 (14.29%) FATCA
2 4 (14.29%) QA
System Software
1 1 (3.57%) Tivoli Workload Scheduler
Systems Management
1 1 (3.57%) Tivoli
Vendors
1 22 (78.57%) Murex
2 19 (67.86%) Calypso
3 4 (14.29%) Bloomberg
3 4 (14.29%) Fidessa
3 4 (14.29%) IBM
3 4 (14.29%) Oracle
4 3 (10.71%) ION Trading
5 2 (7.14%) Sophis
5 2 (7.14%) TIBCO
5 2 (7.14%) Tradeweb
6 1 (3.57%) Yolus