The table below looks at the statistics for knowledge and experience of Algorithmics products and/or services in IT contracts advertised across the UK. Included is a guide to the contractor rates offered in IT contracts that have cited Algorithmics over the 3 months to 26 February 2017 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.

The figures below represent the IT contractor job market in general and are not representative of contractor rates within Algorithmics, Inc.

3 months to
26 Feb 2017
Same period 2016 Same period 2015
Algorithmics
UK
Rank 593 620 609
Rank change year-on-year
+27 -11
Contract jobs citing Algorithmics 4 9 2
As % of all contract IT jobs located in the UK 0.009% 0.017% 0.004%
As % of the Vendors category 0.020% 0.040% 0.008%
Number of daily rates quoted 4 7 1
Median daily rate £888 £675 £525
Median daily rate % change year-on-year
+31.48% +28.57%
UK excluding London median daily rate - - -
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median hourly rate - - -

The following table is for comparison with the above and provides statistics for the entire Vendors category in contract jobs advertised across the UK.

Vendors Category
UK
Contract IT job ads with a match in the
Vendors category
19929 22519 23875
As % of all contract IT jobs located in the UK 44.51% 43.35% 45.55%
Number of daily rates quoted 12359 13462 13654
Median daily rate £425 £400 £400
Median daily rate % change year-on-year
+6.25% -
90% offered a daily rate of more than £250 £240 £225
10% offered a daily rate of more than £575 £550 £550
UK excluding London median daily rate £400 £375 £375
% change year-on-year
+6.66% -
Number of hourly rates quoted 738 850 971
Median hourly rate £19.00 £21.00 £18.00
Median hourly rate % change year-on-year
-9.52% +16.66%
90% offered a hourly rate of more than £10.60 £11.50 £11.50
10% offered a hourly rate of more than £47.00 £55.00 £43.00
UK excluding London median hourly rate £17.50 £21.00 £17.50
% change year-on-year
-16.66% +20.00%

Algorithmics
Jobs Demand Trend

The demand trend of contract jobs citing Algorithmics as a proportion of all IT contracts with a match in the Vendors category.

Algorithmics Jobs Demand Trend in the UK

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 in the UK

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 26 February 2017.

Algorithmics Daily Rate Histogram in the UK

Algorithmics
Top 2 Contract Locations

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Algorithmics within the UK over the 3 months to 26 February 2017. 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 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
England +23 4 £888 +31.48%
London +12 4 £888 +31.48%

Algorithmics
Top 29 Related IT Skills

For the 6 months to 26 February 2017, IT contractor jobs citing Algorithmics also mentioned the following skills in order of popularity. The figures indicate the number co-occurrences and its proportion to all contract ads with a requirement for Algorithmics.

1 7 (100.00%) Subversion
1 7 (100.00%) Market Risk
2 5 (71.43%) Monte Carlo Method
2 5 (71.43%) Mathematics
2 5 (71.43%) Mathematical Modelling
2 5 (71.43%) MS Office
2 5 (71.43%) C#
2 5 (71.43%) Java
2 5 (71.43%) OOP
2 5 (71.43%) OO
3 2 (28.57%) Retail
3 2 (28.57%) Quality Management
3 2 (28.57%) Management Information System
3 2 (28.57%) Risk Management
3 2 (28.57%) Finance
3 2 (28.57%) Validation
3 2 (28.57%) Perforce
3 2 (28.57%) Flash
3 2 (28.57%) Python
3 2 (28.57%) Shell Script
3 2 (28.57%) VBA
3 2 (28.57%) C++
3 2 (28.57%) Risk Analytics
3 2 (28.57%) Analytics
3 2 (28.57%) Algorithms
3 2 (28.57%) Unix
3 2 (28.57%) Degree
3 2 (28.57%) JIRA
3 2 (28.57%) Solvency II

Algorithmics
Top Related IT Skills 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 5 (71.43%) MS Office
Development Applications
1 7 (100.00%) Subversion
2 2 (28.57%) JIRA
General
1 2 (28.57%) Finance
1 2 (28.57%) Retail
Job Titles
1 5 (71.43%) C# Developer
1 5 (71.43%) C# Pricing Developer
1 5 (71.43%) C# Quant Developer
1 5 (71.43%) Developer
1 5 (71.43%) Java Developer
1 5 (71.43%) Java Pricing Developer
1 5 (71.43%) Java Quantitative Developer
1 5 (71.43%) Market Risk Developer
1 5 (71.43%) Market Risk Java Developer
1 5 (71.43%) Quantitative Developer
2 2 (28.57%) Unix Engineer
Libraries, Frameworks & Software Standards
1 2 (28.57%) Flash
Miscellaneous
1 7 (100.00%) Market Risk
2 2 (28.57%) Algorithms
2 2 (28.57%) Management Information System
Operating Systems
1 2 (28.57%) Unix
Processes & Methodologies
1 5 (71.43%) Mathematical Modelling
1 5 (71.43%) Mathematics
1 5 (71.43%) Monte Carlo Method
1 5 (71.43%) OO
1 5 (71.43%) OOP
2 2 (28.57%) Analytics
2 2 (28.57%) Quality Management
2 2 (28.57%) Risk Analytics
2 2 (28.57%) Risk Management
2 2 (28.57%) Validation
Programming Languages
1 5 (71.43%) C#
1 5 (71.43%) Java
2 2 (28.57%) C++
2 2 (28.57%) Python
2 2 (28.57%) Shell Script
2 2 (28.57%) VBA
Qualifications
1 2 (28.57%) Degree
Quality Assurance & Compliance
1 2 (28.57%) Solvency II
Vendors
1 2 (28.57%) Perforce