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 5 May 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
5 May 2016
Same period 2015 Same period 2014
Algorithmics
Rank 644 639 -
Rank change year-on-year
-5 -
Contract jobs citing Algorithmics 9 1 0
As % of all contract IT jobs located in the UK 0.016% 0.002% -
As % of the Vendors category 0.037% 0.004% -
Number of daily rates quoted 3 0 0
Median daily rate £650 - -
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
24648 25247 24438
As % of all contract IT jobs located in the UK 44.38% 45.25% 44.85%
Number of daily rates quoted 15158 14364 13802
Median daily rate £403 £400 £388
Median daily rate % change year-on-year
+0.62% +3.22%
90% offered a daily rate of more than £250 £225 £220
10% offered a daily rate of more than £550 £550 £550
UK excluding London median daily rate £380 £375 £350
% change year-on-year
+1.33% +7.14%
Number of hourly rates quoted 792 1121 1057
Median hourly rate £19.50 £18.50 £18.00
Median hourly rate % change year-on-year
+5.40% +2.77%
90% offered a hourly rate of more than £10.99 £11.25 £11.00
10% offered a hourly rate of more than £43.75 £42.50 £40.00
UK excluding London median hourly rate £20.00 £18.50 £17.50
% change year-on-year
+8.10% +5.71%

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 3 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 5 May 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
(Click see detailed
statistics and trends)
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
London +10 9 £650 -
England -17 9 £650 -
City of London - 2 £675 -

Algorithmics
Top 30 Related IT Skills

For the 6 months to 5 May 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 15 (88.24%) Market Risk
2 11 (64.71%) Finance
2 11 (64.71%) Business Analysis
3 10 (58.82%) Derivative
3 10 (58.82%) Credit Risk
4 9 (52.94%) Banking
5 8 (47.06%) Stress Testing
6 7 (41.18%) Fixed Income
6 7 (41.18%) Murex
7 6 (35.29%) Data Warehouse
7 6 (35.29%) Investment Banking
8 5 (29.41%) Degree
8 5 (29.41%) Equity Derivative
9 4 (23.53%) Migration
9 4 (23.53%) IBM
10 2 (11.76%) Presales
10 2 (11.76%) Equities
10 2 (11.76%) Process Management
10 2 (11.76%) Financial Institution
10 2 (11.76%) Risk Management
10 2 (11.76%) Project Management
10 2 (11.76%) Business Intelligence
10 2 (11.76%) BEA
10 2 (11.76%) OO
10 2 (11.76%) Java
10 2 (11.76%) SQL
10 2 (11.76%) J2EE
10 2 (11.76%) Oracle
10 2 (11.76%) WebSphere Application Server
10 2 (11.76%) WebLogic

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 (11.76%) WebLogic
1 2 (11.76%) WebSphere
1 2 (11.76%) WebSphere Application Server
Database & Business Intelligence
1 6 (35.29%) Data Warehouse
2 2 (11.76%) Oracle Database
3 1 (5.88%) Data Mining
Development Applications
1 1 (5.88%) JIRA
1 1 (5.88%) TestDirector
General
1 11 (64.71%) Finance
2 9 (52.94%) Banking
3 6 (35.29%) Investment Banking
4 2 (11.76%) Financial Institution
5 1 (5.88%) Advertising
Job Titles
1 12 (70.59%) Analyst
2 10 (58.82%) Business Analyst
3 9 (52.94%) Risk Analyst
4 7 (41.18%) Risk Business Analyst
5 5 (29.41%) Financial Analyst
5 5 (29.41%) Qualitative Analyst
5 5 (29.41%) Quantitative Analyst
5 5 (29.41%) Quantitative Risk Analyst
5 5 (29.41%) Service Analyst
6 4 (23.53%) Market Risk Analyst
6 4 (23.53%) Market Risk Business Analyst
7 3 (17.65%) Credit Analyst
7 3 (17.65%) Credit Risk Analyst
7 3 (17.65%) Credit Risk Business Analyst
7 3 (17.65%) Finance Business Analyst
7 3 (17.65%) Financial Business Analyst
7 3 (17.65%) Financial Services Business Analyst
7 3 (17.65%) Quantitative Business Analyst
8 2 (11.76%) IT Analyst
8 2 (11.76%) IT Risk Analyst
Libraries, Frameworks & Software Standards
1 2 (11.76%) J2EE
1 2 (11.76%) JSP
1 2 (11.76%) Servlets
1 2 (11.76%) XML
Miscellaneous
1 15 (88.24%) Market Risk
2 10 (58.82%) Credit Risk
2 10 (58.82%) Derivative
3 7 (41.18%) Fixed Income
4 5 (29.41%) Equity Derivative
5 2 (11.76%) Computer Science
5 2 (11.76%) Equities
5 2 (11.76%) Hedge funds
Processes & Methodologies
1 11 (64.71%) Business Analysis
2 8 (47.06%) Stress Testing
3 4 (23.53%) Migration
4 2 (11.76%) Analytics
4 2 (11.76%) Asset Management
4 2 (11.76%) Business Development
4 2 (11.76%) Business Intelligence
4 2 (11.76%) Data Analysis
4 2 (11.76%) OO
4 2 (11.76%) Presales
4 2 (11.76%) Process Management
4 2 (11.76%) Project Management
4 2 (11.76%) Risk Analytics
4 2 (11.76%) Risk Management
4 2 (11.76%) Software Engineering
5 1 (5.88%) Data Management
5 1 (5.88%) RUP
5 1 (5.88%) Test Scripting
5 1 (5.88%) Use Case
5 1 (5.88%) User Stories
Programming Languages
1 2 (11.76%) Java
1 2 (11.76%) SQL
Qualifications
1 5 (29.41%) Degree
Quality Assurance & Compliance
1 1 (5.88%) Data Quality
Systems Management
1 1 (5.88%) HP Quality Center
Vendors
1 7 (41.18%) Murex
2 4 (23.53%) IBM
3 2 (11.76%) BEA
3 2 (11.76%) Oracle