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 average contractor rates offered in IT contracts that have cited Algorithmics over the 3 months to 5 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.

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
5 Feb 2016
Same period 2015 Same period 2014
Algorithmics
Rank 612 600 578
Rank change year-on-year
-12 -22
Contract jobs citing Algorithmics 7 1 1
As % of all contract IT jobs located in the UK 0.014% 0.002% 0.002%
As % of the Vendors category 0.032% 0.004% 0.005%
Number of daily rates quoted 7 1 1
Average daily rate £675 £525 £600
Average daily rate % change year-on-year
+28.57% -12.50%
UK excluding London average daily rate - - -
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average 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
22182 23145 22099
As % of all contract IT jobs located in the UK 43.13% 45.68% 45.50%
Number of daily rates quoted 13227 13479 12168
Average daily rate £400 £400 £388
Average daily rate % change year-on-year
- +3.22%
90% offered a daily rate of more than £230 £225 £220
10% offered a daily rate of more than £560 £550 £550
UK excluding London average daily rate £375 £375 £350
% change year-on-year
- +7.14%
Number of hourly rates quoted 875 970 963
Average hourly rate £22.50 £17.50 £17.00
Average hourly rate % change year-on-year
+28.57% +2.94%
90% offered a hourly rate of more than £11.50 £11.50 £11.00
10% offered a hourly rate of more than £54.29 £40.00 £40.00
UK excluding London average hourly rate £22.50 £17.00 £16.50
% change year-on-year
+32.35% +3.03%

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 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
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 in the UK

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 5 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
England +6 7 £675 +28.57% 4
London 0 7 £675 +28.57% 4
City of London +39 2 £675 +28.57% 2

Algorithmics
Top 27 Related IT Skills

For the 6 months to 5 February 2016, 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 11 (91.67%) Derivative
1 11 (91.67%) Market Risk
2 9 (75.00%) Finance
2 9 (75.00%) Equity Derivative
3 8 (66.67%) Business Analysis
4 5 (41.67%) Fixed Income
4 5 (41.67%) Degree
4 5 (41.67%) Credit Risk
5 3 (25.00%) Murex
6 2 (16.67%) Banking
6 2 (16.67%) Stress Testing
6 2 (16.67%) Risk Analytics
6 2 (16.67%) Analytics
6 2 (16.67%) Investment Banking
6 2 (16.67%) Migration
6 2 (16.67%) Data Warehouse
7 1 (8.33%) IBM
7 1 (8.33%) Bloomberg
7 1 (8.33%) Project Management
7 1 (8.33%) Change Management
7 1 (8.33%) Financial Institution
7 1 (8.33%) Management Information System
7 1 (8.33%) Front Office
7 1 (8.33%) SQL
7 1 (8.33%) Analytical Skills
7 1 (8.33%) Data Management
7 1 (8.33%) Adaptiv

Algorithmics
Top Related IT Skills by Category

For the 6 months to 5 February 2016, 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.

Business Applications
1 1 (8.33%) Adaptiv
Database & Business Intelligence
1 2 (16.67%) Data Warehouse
General
1 9 (75.00%) Finance
2 2 (16.67%) Banking
2 2 (16.67%) Investment Banking
3 1 (8.33%) Financial Institution
3 1 (8.33%) Front Office
Job Titles
1 12 (100.00%) Analyst
2 11 (91.67%) Risk Analyst
3 10 (83.33%) Business Analyst
4 9 (75.00%) Risk Business Analyst
5 7 (58.33%) Financial Analyst
5 7 (58.33%) Service Analyst
6 5 (41.67%) Finance Business Analyst
6 5 (41.67%) Financial Business Analyst
6 5 (41.67%) Financial Services Business Analyst
6 5 (41.67%) Quantitative Analyst
7 4 (33.33%) Market Risk Analyst
7 4 (33.33%) Market Risk Business Analyst
8 3 (25.00%) Credit Analyst
8 3 (25.00%) Credit Risk Analyst
8 3 (25.00%) Credit Risk Business Analyst
9 2 (16.67%) Market Analyst
9 2 (16.67%) Quantitative Risk Analyst
10 1 (8.33%) Investment Banking Business Analyst
Miscellaneous
1 11 (91.67%) Derivative
1 11 (91.67%) Market Risk
2 9 (75.00%) Equity Derivative
3 5 (41.67%) Credit Risk
3 5 (41.67%) Fixed Income
4 1 (8.33%) Analytical Skills
4 1 (8.33%) Management Information System
Processes & Methodologies
1 8 (66.67%) Business Analysis
2 2 (16.67%) Analytics
2 2 (16.67%) Migration
2 2 (16.67%) Risk Analytics
2 2 (16.67%) Stress Testing
3 1 (8.33%) Change Management
3 1 (8.33%) Data Management
3 1 (8.33%) Project Management
Programming Languages
1 1 (8.33%) SQL
Qualifications
1 5 (41.67%) Degree
Vendors
1 3 (25.00%) Murex
2 1 (8.33%) Bloomberg
2 1 (8.33%) IBM
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