The table below looks at the statistics for knowledge and experience of FactSet 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 FactSet over the 3 months to 11 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 FactSet Research Systems, Inc.

Location
3 months to
11 Feb 2016
Same period 2015 Same period 2014
FactSet
Rank 619 599 573
Rank change year-on-year
-20 -26
Contract jobs citing FactSet 7 13 15
As % of all contract IT jobs located in the UK 0.014% 0.025% 0.030%
As % of the Vendors category 0.032% 0.055% 0.066%
Number of daily rates quoted 4 5 9
Average daily rate £450 £338 £230
Average daily rate % change year-on-year
+33.33% +46.73%
90% offered a daily rate of more than £251 £285 £200
10% offered a daily rate of more than £535 £505 £300
UK excluding London average daily rate - - £500
Number of hourly rates quoted 0 0 1
Average hourly rate - - £18.70
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
22062 23715 22622
As % of all contract IT jobs located in the UK 42.89% 45.79% 45.50%
Number of daily rates quoted 13130 13749 12420
Average daily rate £400 £400 £388
Average daily rate % change year-on-year
- +3.22%
90% offered a daily rate of more than £235 £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 866 1006 988
Average hourly rate £22.00 £17.50 £17.32
Average hourly rate % change year-on-year
+25.71% +1.03%
90% offered a hourly rate of more than £11.02 £11.50 £11.00
10% offered a hourly rate of more than £55.00 £40.00 £40.00
UK excluding London average hourly rate £21.50 £17.50 £16.50
% change year-on-year
+22.85% +6.06%

FactSet
Jobs Demand Trend

This chart provides the 3-month moving total of IT contractor jobs citing FactSet within the UK as a proportion of the total demand within the Vendors category.

FactSet Jobs Demand Trend in the UK

FactSet
Daily Rate Trend

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

FactSet Daily Rate Trend in the UK

FactSet
Daily Rate Histogram

This chart provides a histogram of daily rates quoted in contract IT jobs citing FactSet within the UK over the 3 months to 11 February 2016.

FactSet Daily Rate Histogram in the UK

FactSet
Hourly Rate Trend

This chart provides the 3-month moving average for hourly rates quoted in IT contractor jobs citing FactSet within the UK.

FactSet Hourly Rate Trend in the UK

FactSet
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 FactSet within the UK over the 3 months to 11 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
London +1 7 £450 +33.33% 6
England -9 7 £450 +33.33% 6
City of London +36 4 £550 +41.93% 6

FactSet
Top 30 Related IT Skills

For the 6 months to 11 February 2016, IT contractor jobs within the UK citing FactSet 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 FactSet.

1 23 (92.00%) Bloomberg
2 20 (80.00%) Finance
3 13 (52.00%) Reuters
4 11 (44.00%) Front Office
5 9 (36.00%) MS Office
5 9 (36.00%) Windows
5 9 (36.00%) Windows 7
6 8 (32.00%) Investment Management
6 8 (32.00%) Microsoft
6 8 (32.00%) ITIL
6 8 (32.00%) Asset Management
7 7 (28.00%) Fidessa
7 7 (28.00%) HP
7 7 (28.00%) TCP/IP
7 7 (28.00%) PowerShell
7 7 (28.00%) Android
7 7 (28.00%) Apple iOS
7 7 (28.00%) Mobile App
7 7 (28.00%) Windows 8
7 7 (28.00%) BYOD
8 5 (20.00%) Fixed Income
8 5 (20.00%) Equities
8 5 (20.00%) Eikon
9 4 (16.00%) Banking
9 4 (16.00%) Derivative
9 4 (16.00%) Fund Management
9 4 (16.00%) ITIL Certification
9 4 (16.00%) Mac OS X
9 4 (16.00%) Apple
9 4 (16.00%) SQL

FactSet
Top Related IT Skills by Category

For the 6 months to 11 February 2016, IT contractor jobs within the UK citing FactSet 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 FactSet. Up to 20 skills are shown per category.

Application Platforms
1 1 (4.00%) WebSphere
Applications
1 9 (36.00%) MS Office
2 2 (8.00%) MS Excel
Business Applications
1 5 (20.00%) Eikon
2 3 (12.00%) Markit EDM
2 3 (12.00%) thinkFolio
2 3 (12.00%) Unit4 Business World
3 2 (8.00%) RMDS
Communications & Networking
1 7 (28.00%) TCP/IP
Database & Business Intelligence
1 2 (8.00%) SQL Server
Development Applications
1 2 (8.00%) Visual Studio Tools for Office
General
1 20 (80.00%) Finance
2 11 (44.00%) Front Office
3 4 (16.00%) Banking
4 2 (8.00%) Financial Institution
5 1 (4.00%) Investment Banking
Job Titles
1 13 (52.00%) Analyst
2 8 (32.00%) Desktop Support
3 6 (24.00%) Support Analyst
4 5 (20.00%) Business Analyst
4 5 (20.00%) Desktop Analyst
4 5 (20.00%) Desktop Support Analyst
5 3 (12.00%) Architect
5 3 (12.00%) Solutions Architect
6 2 (8.00%) Asset Management Analyst
6 2 (8.00%) Asset Management Business Analyst
6 2 (8.00%) Developer
6 2 (8.00%) Investment Management Business Analyst
6 2 (8.00%) Technical Analyst
7 1 (4.00%) 2nd Line Technical Support
7 1 (4.00%) 2nd Line Technical Support Analyst
7 1 (4.00%) Asset Management Project Manager
7 1 (4.00%) C# WPF Developer
7 1 (4.00%) Fund Management Business Analyst
7 1 (4.00%) MiFID Architect
7 1 (4.00%) Regulatory Business Analyst
Libraries, Frameworks & Software Standards
1 3 (12.00%) .NET
2 1 (4.00%) .NET Framework
2 1 (4.00%) IBM Integration Bus
2 1 (4.00%) WebSphere MQ
2 1 (4.00%) WPF
Miscellaneous
1 7 (28.00%) BYOD
1 7 (28.00%) Mobile App
2 5 (20.00%) Equities
2 5 (20.00%) Fixed Income
3 4 (16.00%) Derivative
4 3 (12.00%) Foreign Exchange (FX)
4 3 (12.00%) Hedge funds
5 2 (8.00%) Analytical Skills
5 2 (8.00%) Blackberry
5 2 (8.00%) Equity Derivative
5 2 (8.00%) Smartphone
5 2 (8.00%) Visualisation
6 1 (4.00%) Credit Derivative
Operating Systems
1 9 (36.00%) Windows
1 9 (36.00%) Windows 7
2 7 (28.00%) Android
2 7 (28.00%) Apple iOS
2 7 (28.00%) Windows 8
3 4 (16.00%) Mac OS X
4 1 (4.00%) Windows 10
Processes & Methodologies
1 8 (32.00%) Asset Management
1 8 (32.00%) Investment Management
1 8 (32.00%) ITIL
2 4 (16.00%) Fund Management
3 3 (12.00%) Agile Software Development
3 3 (12.00%) Business Analysis
3 3 (12.00%) Data Modelling
4 2 (8.00%) Analytics
4 2 (8.00%) Performance Tuning
4 2 (8.00%) Portfolio Management
4 2 (8.00%) Project Management
4 2 (8.00%) Risk Management
4 2 (8.00%) SOA
5 1 (4.00%) Data Analysis
5 1 (4.00%) Data Architecture
5 1 (4.00%) Data Mapping
5 1 (4.00%) Process Improvement
5 1 (4.00%) RAD
5 1 (4.00%) Stakeholder Management
5 1 (4.00%) Translating Business Requirements
Programming Languages
1 7 (28.00%) PowerShell
2 4 (16.00%) SQL
3 3 (12.00%) MATLAB
3 3 (12.00%) R
3 3 (12.00%) VBA
4 2 (8.00%) C#
5 1 (4.00%) C++
5 1 (4.00%) Java
5 1 (4.00%) Python
Qualifications
1 4 (16.00%) ITIL Certification
2 3 (12.00%) Degree
3 2 (8.00%) CFA
3 2 (8.00%) MBA
Quality Assurance & Compliance
1 3 (12.00%) MiFID
2 1 (4.00%) AIFMD
2 1 (4.00%) EMIR
2 1 (4.00%) Solvency II
Vendors
1 23 (92.00%) Bloomberg
2 13 (52.00%) Reuters
3 8 (32.00%) Microsoft
4 7 (28.00%) Fidessa
4 7 (28.00%) HP
5 4 (16.00%) Apple
6 2 (8.00%) CQG
7 1 (4.00%) Ab Initio
7 1 (4.00%) Citrix
7 1 (4.00%) IBM
7 1 (4.00%) QAD
City, London
Harvey Nash plc
Rate: £180 - £205 per day
Posted: 13 hours ago