The table below looks at the statistics for COREP skills in IT contracts advertised across the UK. Included is a guide to the average contractor rates offered in IT contracts that have cited COREP over the 3 months to 12 September 2014 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.

Location
3 months to
12 Sep 2014
Same period 2013 Same period 2012
Common Reporting (COREP)
Rank 597 559 511
Rank change year-on-year
-38 -48
Contract jobs citing COREP 16 22 80
As % of all contract IT jobs located in the UK 0.028% 0.042% 0.14%
As % of the Quality Assurance & Compliance category 0.36% 0.56% 1.74%
Number of daily rates quoted 12 18 68
Average daily rate
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£550 £500 £550
Average daily rate % change year-on-year
+10.00% -9.09%
90% offered a daily rate of more than £457 £400 £450
10% offered a daily rate of more than £598 £650 £608
UK excluding London average daily rate £538 £425 £500
% change year-on-year
+26.47% -15.00%
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 Quality Assurance & Compliance category in contract jobs advertised across the UK.

Quality Assurance & Compliance Category
UK
Contract IT job ads with a match in the
Quality Assurance & Compliance category
4464 3949 4595
As % of all contract IT jobs located in the UK 7.79% 7.48% 7.90%
Number of daily rates quoted 2714 2330 2560
Average daily rate £400 £425 £425
Average daily rate % change year-on-year
-5.88% -
90% offered a daily rate of more than £225 £250 £246
10% offered a daily rate of more than £555 £620 £600
UK excluding London average daily rate £375 £353 £363
% change year-on-year
+6.38% -2.75%
Number of hourly rates quoted 220 164 242
Average hourly rate £19.50 £17.50 £20.00
Average hourly rate % change year-on-year
+11.42% -12.50%
90% offered a hourly rate of more than £12.00 £10.50 £10.78
10% offered a hourly rate of more than £45.00 £37.50 £41.40
UK excluding London average hourly rate £19.75 £17.50 £21.00
% change year-on-year
+12.85% -16.66%

COREP
Jobs Demand Trend

This chart provides the 3-month moving total of IT contractor jobs citing COREP within the UK as a proportion of the total demand within the Quality Assurance & Compliance category.

COREP Jobs Demand Trend in the UK

COREP
Daily Rate Trend

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

COREP Daily Rate Trend in the UK

COREP
Daily Rate Histogram

This chart provides a histogram of daily rates quoted in contract IT jobs citing COREP within the UK over the 3 months to 12 September 2014.

COREP Daily Rate Histogram in the UK

COREP
Top 6 Contract Locations

The table below looks at the demand and provides a guide to the average contractor rates quoted in IT jobs citing COREP within the UK over the 3 months to 12 September 2014. 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 -29 16 £550 +15.78% 4
London -2 10 £565 +7.52% 4
South West -32 5 £550 +37.50%
City of London +20 3 £550 -4.34% 3
Bournemouth - - - -
Dorset - - - -

COREP
Top 30 Related IT Skills

For the 6 months to 12 September 2014, IT contractor jobs within the UK citing COREP 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 COREP.

1 34 (79.07%) Finance
2 24 (55.81%) FINREP
3 16 (37.21%) Banking
4 12 (27.91%) Basel III
5 11 (25.58%) Business Analysis
5 11 (25.58%) CRD IV
6 9 (20.93%) Investment Banking
6 9 (20.93%) User Acceptance Testing
7 8 (18.60%) Requirements Analysis
7 8 (18.60%) FATCA
7 8 (18.60%) Analytical Skills
7 8 (18.60%) Sarbanes-Oxley
7 8 (18.60%) SQL
8 7 (16.28%) GAP Analysis
9 6 (13.95%) CIMA
9 6 (13.95%) ACCA
9 6 (13.95%) Data Mapping
10 5 (11.63%) Basel II
10 5 (11.63%) Stakeholder Management
11 4 (9.30%) Financial Institution
11 4 (9.30%) Project Management
11 4 (9.30%) Stakeholder Engagement
11 4 (9.30%) Stress Testing
11 4 (9.30%) QA
12 3 (6.98%) Credit Risk
12 3 (6.98%) Degree
12 3 (6.98%) General Ledger
12 3 (6.98%) Data Warehouse
12 3 (6.98%) Oracle
12 3 (6.98%) SQL Server

COREP
Top Related IT Skills by Category

For the 6 months to 12 September 2014, IT contractor jobs within the UK citing COREP 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 COREP. Up to 20 skills are shown per category.

Application Platforms
1 1 (2.33%) IBM Notes
1 1 (2.33%) SAS
Applications
1 1 (2.33%) MS Excel
Business Applications
1 1 (2.33%) Oracle Financials
Database & Business Intelligence
1 3 (6.98%) SQL Server
1 3 (6.98%) Data Warehouse
2 2 (4.65%) Data Mining
3 1 (2.33%) RDBMS
3 1 (2.33%) DataStage
3 1 (2.33%) Data Mart
3 1 (2.33%) Oracle Database
3 1 (2.33%) Relational Database
Development Applications
1 1 (2.33%) ProC
General
1 34 (79.07%) Finance
2 16 (37.21%) Banking
3 9 (20.93%) Investment Banking
4 4 (9.30%) Financial Institution
5 3 (6.98%) General Ledger
6 2 (4.65%) Front Office
6 2 (4.65%) Back Office
7 1 (2.33%) Retail
7 1 (2.33%) Marketing
Job Titles
1 23 (53.49%) Analyst
2 22 (51.16%) Business Analyst
3 8 (18.60%) Senior Business Analyst
3 8 (18.60%) Senior Analyst
4 7 (16.28%) Project Manager
5 5 (11.63%) Developer
6 2 (4.65%) Consultant
6 2 (4.65%) PMO Lead
7 1 (2.33%) Data Architect
7 1 (2.33%) Sales Consultant
7 1 (2.33%) Security Consultant
7 1 (2.33%) Architect
7 1 (2.33%) Data Analyst
7 1 (2.33%) SQL Developer
7 1 (2.33%) Credit Analyst
7 1 (2.33%) Pre Sales Consultant
7 1 (2.33%) SAS Analyst
7 1 (2.33%) Information Security Consultant
7 1 (2.33%) Risk Analyst
7 1 (2.33%) Banking Analyst
Libraries, Frameworks & Software Standards
1 1 (2.33%) .NET
1 1 (2.33%) XBRL
1 1 (2.33%) Middleware
Miscellaneous
1 8 (18.60%) Analytical Skills
2 3 (6.98%) Credit Risk
3 2 (4.65%) Foreign Exchange (FX)
4 1 (2.33%) Derivative
4 1 (2.33%) Market Risk
4 1 (2.33%) Reference Data
Operating Systems
1 1 (2.33%) UNIX
1 1 (2.33%) Windows
1 1 (2.33%) AIX
1 1 (2.33%) Linux
Processes & Methodologies
1 11 (25.58%) Business Analysis
2 9 (20.93%) User Acceptance Testing
3 8 (18.60%) Requirements Analysis
4 7 (16.28%) GAP Analysis
5 6 (13.95%) Data Mapping
6 5 (11.63%) Stakeholder Management
7 4 (9.30%) Project Management
7 4 (9.30%) Stakeholder Engagement
7 4 (9.30%) Stress Testing
8 3 (6.98%) Data Analysis
8 3 (6.98%) Agile Software Development
9 2 (4.65%) Data Management
9 2 (4.65%) ETL
9 2 (4.65%) Test Strategy
9 2 (4.65%) Performance Tuning
9 2 (4.65%) Technical Analysis
9 2 (4.65%) Data Architecture
9 2 (4.65%) IT Governance
10 1 (2.33%) Risk Analysis
10 1 (2.33%) Use Case
Programming Languages
1 8 (18.60%) SQL
2 1 (2.33%) VBA
2 1 (2.33%) Shell Script
2 1 (2.33%) C#
2 1 (2.33%) PL/SQL
Qualifications
1 6 (13.95%) ACCA
1 6 (13.95%) CIMA
2 3 (6.98%) Degree
3 1 (2.33%) CISM
3 1 (2.33%) CISSP
3 1 (2.33%) PMP
3 1 (2.33%) PMI Certification
Quality Assurance & Compliance
1 24 (55.81%) FINREP
2 12 (27.91%) Basel III
3 11 (25.58%) CRD IV
4 8 (18.60%) FATCA
4 8 (18.60%) Sarbanes-Oxley
5 5 (11.63%) Basel II
6 4 (9.30%) QA
7 2 (4.65%) Solvency II
8 1 (2.33%) Data Quality
8 1 (2.33%) EMIR
8 1 (2.33%) Dodd-Frank
Vendors
1 3 (6.98%) Oracle
2 2 (4.65%) Microsoft
2 2 (4.65%) Microgen
3 1 (2.33%) Lotus
3 1 (2.33%) Business Objects
3 1 (2.33%) SAP
City of London
Orgtel
Rate: £450 - £550 per day + competitive
Posted: 6 days ago