The table below looks at the statistics for Summit 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 Summit over the 3 months to 11 February 2016 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
11 Feb 2016
Same period 2015 Same period 2014
Misys FusionCapital Summit
Rank 380 392 382
Rank change year-on-year
+12 -10
Contract jobs citing Summit 28 23 25
As % of all contract IT jobs located in London 0.13% 0.11% 0.11%
As % of the Business Applications category 1.74% 1.15% 1.19%
Number of daily rates quoted 8 20 22
Average daily rate £603 £563 £550
Average daily rate % change year-on-year
+7.11% +2.27%
90% offered a daily rate of more than £433 £525 £500
10% offered a daily rate of more than £675 £655 £650
UK excluding London average daily rate £700 - £606
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - £35.00
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
1608 2000 2109
As % of all contract IT jobs located in London 7.59% 9.43% 9.58%
Number of daily rates quoted 987 1268 1211
Average daily rate £455 £475 £450
Average daily rate % change year-on-year
-4.21% +5.55%
90% offered a daily rate of more than £313 £306 £300
10% offered a daily rate of more than £625 £625 £600
UK excluding London average daily rate £425 £425 £415
% change year-on-year
- +2.40%
Number of hourly rates quoted 7 11 24
Average hourly rate £55.00 £37.50 £25.00
Average hourly rate % change year-on-year
+46.66% +50.00%
90% offered a hourly rate of more than £21.50 £30.00 £16.40
10% offered a hourly rate of more than £100.00 £53.82 £75.20
UK excluding London average hourly rate £38.50 £17.75 £35.00
% change year-on-year
+116.90% -49.28%

Summit
Jobs Demand Trend in London

This chart provides a 3-month moving total of IT contractor jobs citing Summit across the London region as a proportion of the total demand within 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 11 February 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 average contractor rates quoted in IT jobs citing Summit within the London region over the 3 months to 11 February 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
(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 +36 6 £675 +22.72% 3
Summit
England

Summit
Top 30 Related IT Skills in London

For the 6 months to 11 February 2016, IT contractor jobs across the London region citing Summit 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 Summit.

1 42 (73.68%) Murex
2 38 (66.67%) Calypso
2 38 (66.67%) Banking
3 30 (52.63%) Investment Banking
4 29 (50.88%) EMIR
5 22 (38.60%) MiFID
6 18 (31.58%) Derivative
6 18 (31.58%) Algorithmic Trading
6 18 (31.58%) Market Risk
6 18 (31.58%) Hedge funds
6 18 (31.58%) Back Office
6 18 (31.58%) AIFMD
7 11 (19.30%) Front Office
8 10 (17.54%) SQL
9 8 (14.04%) Foreign Exchange (FX)
9 8 (14.04%) Change Management
9 8 (14.04%) Finance
9 8 (14.04%) Stakeholder Management
10 7 (12.28%) User Acceptance Testing
11 6 (10.53%) Analytical Skills
11 6 (10.53%) Interest Rate Derivative
11 6 (10.53%) Migration
12 5 (8.77%) Risk Management
12 5 (8.77%) SLA
12 5 (8.77%) Project Management
12 5 (8.77%) Release Management
12 5 (8.77%) Dodd-Frank
12 5 (8.77%) Technical Analysis
12 5 (8.77%) Integration Testing
12 5 (8.77%) Electronic Trading

Summit
Top Related IT Skills in London by Category

For the 6 months to 11 February 2016, IT contractor jobs across the London region citing Summit 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 Summit. Up to 20 skills are shown per category.

Application Platforms
1 1 (1.75%) Cloud Foundry
1 1 (1.75%) OpenStack
Applications
1 1 (1.75%) MS Excel
1 1 (1.75%) Spreadsheet
Business Applications
1 1 (1.75%) Loan IQ
1 1 (1.75%) SunGard Martini
Cloud Services
1 1 (1.75%) Amazon AWS
1 1 (1.75%) Heroku
1 1 (1.75%) Microsoft Azure
1 1 (1.75%) PaaS
Database & Business Intelligence
1 2 (3.51%) Data Warehouse
2 1 (1.75%) Apache Cassandra
2 1 (1.75%) Data Mining
2 1 (1.75%) Oracle Database
2 1 (1.75%) Redis
2 1 (1.75%) Sybase ASE
Development Applications
1 1 (1.75%) Cucumber
General
1 38 (66.67%) Banking
2 30 (52.63%) Investment Banking
3 18 (31.58%) Back Office
4 11 (19.30%) Front Office
5 8 (14.04%) Finance
6 1 (1.75%) French Language
6 1 (1.75%) Manufacturing
6 1 (1.75%) Retail
6 1 (1.75%) Telecoms
Job Titles
1 34 (59.65%) Analyst
2 31 (54.39%) Business Analyst
3 21 (36.84%) Banking Analyst
3 21 (36.84%) Investment Banking Business Analyst
4 18 (31.58%) Report Analyst
5 17 (29.82%) Regulatory Business Analyst
5 17 (29.82%) Regulatory Reporting Business Analyst
6 16 (28.07%) Project Manager
7 8 (14.04%) Investment Banking Project Manager
8 5 (8.77%) Murex Project Manager
9 4 (7.02%) Project Analyst
9 4 (7.02%) Summit Business Analyst
10 3 (5.26%) Business Manager
10 3 (5.26%) Business Project Manager
10 3 (5.26%) Derivatives Project Manager
10 3 (5.26%) Electronic Trading Project Manager
11 2 (3.51%) MiFID Business Analyst
11 2 (3.51%) MiFID Project Manager
11 2 (3.51%) Murex Analyst
11 2 (3.51%) Murex Business Analyst
Libraries, Frameworks & Software Standards
1 4 (7.02%) JMS
1 4 (7.02%) XML
2 1 (1.75%) RabbitMQ
2 1 (1.75%) Web Services
Miscellaneous
1 18 (31.58%) Derivative
1 18 (31.58%) Hedge funds
1 18 (31.58%) Market Risk
2 8 (14.04%) Foreign Exchange (FX)
3 6 (10.53%) Analytical Skills
3 6 (10.53%) Interest Rate Derivative
4 4 (7.02%) Replication
5 3 (5.26%) Fixed Income
6 2 (3.51%) DTCC
7 1 (1.75%) Contract for Difference
7 1 (1.75%) Data Centre
7 1 (1.75%) Equities
7 1 (1.75%) Equity Derivative
7 1 (1.75%) Swaptions
7 1 (1.75%) User Experience
Operating Systems
1 2 (3.51%) Unix
2 1 (1.75%) Linux
2 1 (1.75%) Windows
Processes & Methodologies
1 18 (31.58%) Algorithmic Trading
2 8 (14.04%) Change Management
2 8 (14.04%) Stakeholder Management
3 7 (12.28%) User Acceptance Testing
4 6 (10.53%) Migration
5 5 (8.77%) Data Migration
5 5 (8.77%) Electronic Trading
5 5 (8.77%) Integration Testing
5 5 (8.77%) Project Management
5 5 (8.77%) Release Management
5 5 (8.77%) Risk Management
5 5 (8.77%) Technical Analysis
6 4 (7.02%) Agile Software Development
6 4 (7.02%) Requirements Analysis
6 4 (7.02%) Technical Architecture
7 3 (5.26%) Automated Testing
7 3 (5.26%) Business Analysis
7 3 (5.26%) Change Control
7 3 (5.26%) PRINCE2
7 3 (5.26%) SDLC
Programming Languages
1 10 (17.54%) SQL
2 3 (5.26%) Java
3 1 (1.75%) Bash Shell
3 1 (1.75%) Go
3 1 (1.75%) Korn
3 1 (1.75%) Ruby
3 1 (1.75%) Shell Script
Qualifications
1 2 (3.51%) Degree
Quality Assurance & Compliance
1 29 (50.88%) EMIR
2 22 (38.60%) MiFID
3 18 (31.58%) AIFMD
4 5 (8.77%) Dodd-Frank
4 5 (8.77%) SLA
System Software
1 1 (1.75%) vSphere
Systems Management
1 1 (1.75%) Tivoli Storage Manager
Vendors
1 42 (73.68%) Murex
2 38 (66.67%) Calypso
3 3 (5.26%) Bloomberg
4 2 (3.51%) Sybase
5 1 (1.75%) Misys
5 1 (1.75%) Oracle
5 1 (1.75%) SunGard
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