The first table below looks at the demand for knowledge and experience of Algorithmics products and/or services in IT contracts advertised across the UK. Included is a guide to the average contractor rates offered in IT contracts that have cited Algorithmics over the 3 months to 21 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 currently tracked.

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 Algorithmics, Inc.

Location
3 months to
21 May 2013
Same period 2012 Same period 2011
Algorithmics
Rank 534 569 543
Rank change year-on-year
+35 -26
Contract jobs citing Algorithmics 6 12 37
As % of all contract IT jobs located in the UK 0.013% 0.021% 0.062%
As % of the Vendors category 0.027% 0.044% 0.132%
Number of daily rates quoted 5 9 29
Average daily rate £550 £675 £650
Average daily rate % change year-on-year
-18.51% +3.84%
90% offered a daily rate of more than £480 £590 £343
10% offered a daily rate of more than £610 £765 £950
UK excluding London average daily rate - - £938
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
All Vendors
UK
Contract IT job ads with a match in the
Vendors category
22181 27194 27998
As % of all contract IT jobs located in the UK 46.98% 46.52% 46.54%
Number of daily rates quoted 11810 13898 14021
Average daily rate £400 £400 £408
Average daily rate % change year-on-year
- -1.84%
90% offered a daily rate of more than £235 £235 £250
10% offered a daily rate of more than £550 £550 £600
UK excluding London average daily rate £350 £350 £350
Number of hourly rates quoted 1218 1319 1577
Average hourly rate £19.50 £20.00 £20.00
Average hourly rate % change year-on-year
-2.50% -
90% offered a hourly rate of more than £11.23 £11.50 £11.25
10% offered a hourly rate of more than £40.00 £41.50 £40.00
UK excluding London average hourly rate £19.00 £19.00 £20.50
% change year-on-year
- -7.31%

Algorithmics
Jobs Demand Trend

This chart provides the 3-month moving total of IT contractor jobs citing Algorithmics within the UK as a proportion of the total demand within the Vendors category.

Algorithmics Jobs Demand Trend

Algorithmics
Daily Rate Trend

This chart provides the 3-month moving average for daily rates quoted in IT contract jobs citing Algorithmics within the UK.

Algorithmics Daily Rate Trend

Algorithmics
Daily Rate Histogram

This chart provides a histogram of daily rates quoted in contract IT jobs citing Algorithmics within the UK over the 3 months to 21 May 2013.

Algorithmics Daily Rate Histogram

Algorithmics
Hourly Rate Trend

This chart provides the 3-month moving average for hourly rates quoted in IT contractor jobs citing Algorithmics within the UK.

Algorithmics Hourly Rate Trend

Algorithmics
Top 3 Contract Locations

The table below looks at the demand and provides a guide to the average contractor rates quoted in IT jobs citing Algorithmics within the UK over the 3 months to 21 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
England +39 6 £550 -18.51%
London +10 6 £550 -18.51%
City of London +12 1 - -

Algorithmics
Top 30 Related IT Skills

For the 6 months to 21 May 2013, IT contractor jobs within the UK citing Algorithmics 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 Algorithmics.

1 7 (58.33%) Banking
2 6 (50.00%) Finance
3 5 (41.67%) Fixed Income
3 5 (41.67%) Equities
3 5 (41.67%) Investment Banking
3 5 (41.67%) User Acceptance Testing
3 5 (41.67%) Stress Testing
3 5 (41.67%) Market Risk
4 4 (33.33%) Business Analysis
4 4 (33.33%) Risk Management
4 4 (33.33%) Project Management
5 3 (25.00%) Microsoft
5 3 (25.00%) MS Excel
5 3 (25.00%) Front Office
5 3 (25.00%) Back Office
5 3 (25.00%) Derivative
5 3 (25.00%) Credit Risk
5 3 (25.00%) Adaptiv
5 3 (25.00%) Data Analysis
6 2 (16.67%) Asset Management
6 2 (16.67%) Agile Software Development
6 2 (16.67%) Use Case
6 2 (16.67%) JIRA
6 2 (16.67%) Fund Management
6 2 (16.67%) DSDM
6 2 (16.67%) Business Continuity
6 2 (16.67%) SharePoint
6 2 (16.67%) SQL
6 2 (16.67%) MS Project
6 2 (16.67%) MS PowerPoint

Algorithmics
Top Related IT Skills by Category

For the 6 months to 21 May 2013, IT contractor jobs within the UK citing Algorithmics 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 Algorithmics. Up to 20 skills are shown per category.

Application Development
1 1 (8.333%) .NET
Application Platforms
1 2 (16.67%) SharePoint
2 1 (8.333%) SAS
2 1 (8.333%) Mathematica
Applications
1 3 (25.00%) MS Excel
2 2 (16.67%) MS Project
2 2 (16.67%) MS PowerPoint
3 1 (8.333%) MS Office
3 1 (8.333%) MS Visio
Business Applications
1 3 (25.00%) Adaptiv
2 1 (8.333%) Algo Collateral
2 1 (8.333%) LatentZero
Communications & Networking
1 1 (8.333%) HTTP
1 1 (8.333%) HTTPS
Database & Business Intelligence
1 1 (8.333%) Data Warehouse
Development Applications
1 2 (16.67%) JIRA
General
1 7 (58.33%) Banking
2 6 (50.00%) Finance
3 5 (41.67%) Investment Banking
4 3 (25.00%) Front Office
4 3 (25.00%) Back Office
5 1 (8.333%) International Banking
Job Titles
1 7 (58.33%) Analyst
2 6 (50.00%) Business Analyst
3 3 (25.00%) Project Manager
4 2 (16.67%) Technical Business Analyst
4 2 (16.67%) Market Risk Analyst
4 2 (16.67%) Technical Analyst
4 2 (16.67%) Market Risk Business Analyst
5 1 (8.333%) Developer
5 1 (8.333%) Consultant
5 1 (8.333%) Senior Business Analyst
5 1 (8.333%) Integration Engineer
5 1 (8.333%) Developer Analyst
5 1 (8.333%) Data Analyst
5 1 (8.333%) Senior Analyst
5 1 (8.333%) Fidessa Consultant
Miscellaneous
1 5 (41.67%) Fixed Income
1 5 (41.67%) Equities
1 5 (41.67%) Market Risk
2 3 (25.00%) Derivative
2 3 (25.00%) Credit Risk
Operating Systems
1 1 (8.333%) UNIX
1 1 (8.333%) Solaris
Processes & Methodologies
1 5 (41.67%) User Acceptance Testing
1 5 (41.67%) Stress Testing
2 4 (33.33%) Business Analysis
2 4 (33.33%) Risk Management
2 4 (33.33%) Project Management
3 3 (25.00%) Data Analysis
4 2 (16.67%) Asset Management
4 2 (16.67%) Agile Software Development
4 2 (16.67%) Use Case
4 2 (16.67%) Fund Management
4 2 (16.67%) DSDM
4 2 (16.67%) Business Continuity
4 2 (16.67%) User Stories
4 2 (16.67%) Test Scripting
5 1 (8.333%) System Testing
5 1 (8.333%) Investment Management
5 1 (8.333%) Data Modelling
5 1 (8.333%) Business Intelligence
5 1 (8.333%) Data Management
5 1 (8.333%) Systems Analysis
Programming Languages
1 2 (16.67%) SQL
2 1 (8.333%) T-SQL
2 1 (8.333%) VB
2 1 (8.333%) VB.NET
2 1 (8.333%) Tcl
2 1 (8.333%) Shell Script
2 1 (8.333%) MATLAB
2 1 (8.333%) C#
2 1 (8.333%) Perl
2 1 (8.333%) VB6
Quality Assurance & Compliance
1 1 (8.333%) Solvency II
Vendors
1 3 (25.00%) Microsoft
2 1 (8.333%) Twitter
2 1 (8.333%) thinkFolio
2 1 (8.333%) Sun
2 1 (8.333%) Fidessa
2 1 (8.333%) SunGard
2 1 (8.333%) HP
2 1 (8.333%) Intel
2 1 (8.333%) Reuters
2 1 (8.333%) StatPro
2 1 (8.333%) Charles River