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 24 July 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.

3 months to
24 Jul 2016
Same period 2015 Same period 2014
Algorithmics
Rank - 645 601
Contract jobs citing Algorithmics 0 1 2
As % of all contract IT jobs located in the UK - 0.002% 0.004%
As % of the Vendors category - 0.004% 0.008%
Number of daily rates quoted 0 1 2
Median daily rate - £450 £613
Median daily rate % change year-on-year
- -26.53%
UK excluding London median daily rate - £450 -
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
24318 25098 23933
As % of all contract IT jobs located in the UK 44.94% 44.07% 45.04%
Number of daily rates quoted 14876 14729 13223
Median daily rate £400 £400 £375
Median daily rate % change year-on-year
- +6.66%
90% offered a daily rate of more than £250 £225 £218
10% offered a daily rate of more than £550 £550 £550
UK excluding London median daily rate £375 £365 £350
% change year-on-year
+2.73% +4.28%
Number of hourly rates quoted 804 1084 1053
Median hourly rate £19.61 £18.00 £17.50
Median hourly rate % change year-on-year
+8.94% +2.85%
90% offered a hourly rate of more than £11.00 £11.00 £11.00
10% offered a hourly rate of more than £43.00 £42.50 £37.50
UK excluding London median hourly rate £20.50 £18.00 £17.50
% change year-on-year
+13.88% +2.85%

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
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 30 Related IT Skills

For the 6 months to 24 July 2016, 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 (77.78%) Banking
1 7 (77.78%) Credit Risk
1 7 (77.78%) Market Risk
2 6 (66.67%) Stress Testing
2 6 (66.67%) Business Analysis
2 6 (66.67%) Finance
3 5 (55.56%) Murex
4 4 (44.44%) Fixed Income
4 4 (44.44%) Data Warehouse
4 4 (44.44%) Investment Banking
5 3 (33.33%) Derivative
5 3 (33.33%) OTC Derivatives
5 3 (33.33%) IBM
5 3 (33.33%) Migration
6 2 (22.22%) Equities
6 2 (22.22%) Process Management
6 2 (22.22%) Financial Institution
6 2 (22.22%) Risk Management
6 2 (22.22%) BEA
6 2 (22.22%) Project Management
6 2 (22.22%) Business Intelligence
6 2 (22.22%) Java
6 2 (22.22%) OO
6 2 (22.22%) J2EE
6 2 (22.22%) Oracle
6 2 (22.22%) WebSphere Application Server
6 2 (22.22%) WebLogic
6 2 (22.22%) JSP
6 2 (22.22%) Servlets
6 2 (22.22%) XML

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:

Application Platforms
1 2 (22.22%) WebLogic
1 2 (22.22%) WebSphere
1 2 (22.22%) WebSphere Application Server
Database & Business Intelligence
1 4 (44.44%) Data Warehouse
2 2 (22.22%) Oracle Database
3 1 (11.11%) Data Mining
Development Applications
1 1 (11.11%) JIRA
1 1 (11.11%) TestDirector
General
1 7 (77.78%) Banking
2 6 (66.67%) Finance
3 4 (44.44%) Investment Banking
4 2 (22.22%) Financial Institution
5 1 (11.11%) Advertising
Job Titles
1 4 (44.44%) Analyst
1 4 (44.44%) Business Analyst
2 2 (22.22%) Architect
2 2 (22.22%) Business IT Analyst
2 2 (22.22%) Credit Analyst
2 2 (22.22%) Credit Risk Analyst
2 2 (22.22%) Credit Risk Business Analyst
2 2 (22.22%) IT Analyst
2 2 (22.22%) IT Business Analyst
2 2 (22.22%) IT Risk Analyst
2 2 (22.22%) Market Risk Analyst
2 2 (22.22%) Market Risk Business Analyst
2 2 (22.22%) Risk Analyst
2 2 (22.22%) Risk Business Analyst
2 2 (22.22%) Solutions Architect
3 1 (11.11%) Investment Banking Business Analyst
Libraries, Frameworks & Software Standards
1 2 (22.22%) J2EE
1 2 (22.22%) JSP
1 2 (22.22%) Servlets
1 2 (22.22%) XML
Miscellaneous
1 7 (77.78%) Credit Risk
1 7 (77.78%) Market Risk
2 4 (44.44%) Fixed Income
3 3 (33.33%) Derivative
3 3 (33.33%) OTC Derivatives
4 2 (22.22%) Computer Science
4 2 (22.22%) Equities
4 2 (22.22%) Hedge funds
Processes & Methodologies
1 6 (66.67%) Business Analysis
1 6 (66.67%) Stress Testing
2 3 (33.33%) Migration
3 2 (22.22%) Analytics
3 2 (22.22%) Asset Management
3 2 (22.22%) Business Development
3 2 (22.22%) Business Intelligence
3 2 (22.22%) Data Analysis
3 2 (22.22%) OO
3 2 (22.22%) Presales
3 2 (22.22%) Process Management
3 2 (22.22%) Project Management
3 2 (22.22%) Risk Analytics
3 2 (22.22%) Risk Management
3 2 (22.22%) Software Engineering
4 1 (11.11%) Agile Software Development
4 1 (11.11%) RUP
4 1 (11.11%) Test Scripting
4 1 (11.11%) Use Case
4 1 (11.11%) User Stories
Programming Languages
1 2 (22.22%) Java
2 1 (11.11%) SQL
Qualifications
1 2 (22.22%) Degree
Quality Assurance & Compliance
1 1 (11.11%) Data Quality
Systems Management
1 1 (11.11%) HP Quality Center
Vendors
1 5 (55.56%) Murex
2 3 (33.33%) IBM
3 2 (22.22%) BEA
3 2 (22.22%) Oracle