Financial Institution Contracts

This section looks at the prevalence of the term 'Financial Institution' in contract IT jobs across the UK together with a comparison to our General terms category. Included is a guide to the contractor rates offered in IT jobs that have cited Financial Institution over the 3 months to 25 July 2008 with a comparison to the same period last year.

Financial Institution
Location Aylesbury Basingstoke Bedfordshire Belfast Berkshire Birmingham Bournemouth Bracknell Brighton Bristol Bromley Buckinghamshire Camberley Canary Wharf Channel Islands Cheltenham Cheshire Chester City of London County Antrim Coventry Docklands, London Dorset Dunstable East Midlands East of England East Sussex Edinburgh England Epsom Feltham Glasgow Gloucestershire Guildford Halifax Hammersmith Hampshire Harrogate Hertfordshire High Wycombe Home Counties Ipswich Isle of Man Jersey Knutsford Leeds London Maidenhead Manchester Midlands Milton Keynes North West North Yorkshire Northampton Northamptonshire Northern Ireland Poole Reading Redhill Rickmansworth Scotland Sheffield South East South West South Yorkshire Southampton Suffolk Surrey Swindon UK Warwickshire West Midlands West Yorkshire Wiltshire Wokingham Yorkshire	3 months to 25 Jul 2008	Same period last year
Rank	129	170
Rank change on same period last year	+41
Matching contract IT job ads	960	962
As % of all UK contract IT job ads sampled	1.280 %	0.973 %
As % of the category below	2.656 %	2.031 %
Daily rates quoted	351	339
Average minimum daily rate	£430	£405
Average daily rate	£455	£435
% change on same period last year	+4.67 %
Average maximum daily rate	£481	£465
UK excluding London average daily rate	£350	£362
% change on same period last year	-3.07 %
Hourly rates quoted	27	39
Average minimum hourly rate	£25.83	£16.54
Average hourly rate	£27.42	£17.23
% change on same period last year	+59.11 %
Average maximum hourly rate	£29.00	£17.92
UK excluding London average hourly rate	£23.29	£23.50
% change on same period last year	-0.91 %
General UK
Matching contract IT job ads	36140	47376
As % of all UK contract IT job ads sampled	48.17 %	47.93 %
Daily rates quoted	13677	16935
Average minimum daily rate	£415	£419
Average daily rate	£444	£448
% change on same period last year	-0.79 %
Average maximum daily rate	£473	£476
UK excluding London average daily rate	£383	£374
% change on same period last year	+2.49 %
Hourly rates quoted	2057	2302
Average minimum hourly rate	£24.89	£25.14
Average hourly rate	£26.66	£26.87
% change on same period last year	-0.80 %
Average maximum hourly rate	£28.43	£28.61
UK excluding London average hourly rate	£26.78	£27.25
% change on same period last year	-1.70 %

We calculate average IT contractor rates directly from the figures quoted and do not attempt to derive hourly rates from daily rates or vice versa.

Financial Institution
Demand Trend

The chart provides the 3-month moving total beginning in 2004 of IT contractor jobs citing Financial Institution within the UK as a proportion of the total demand within the General category.

Financial Institution
Daily Rate Trend

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

Financial Institution
Daily Rate Histogram

The chart provides a histogram of daily rates quoted in contract IT jobs citing Financial Institution within the UK over the 3 months to 25 July 2008.

Financial Institution
Hourly Rate Trend

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

Financial Institution
Hourly Rate Histogram

The chart provides a histogram of hourly rates quoted in contract IT jobs citing Financial Institution within the UK over the 3 months to 25 July 2008.

Financial Institution
Top 30 Contract Locations

This section looks at the demand and provides a guide to the average contractor rates quoted in IT jobs citing Financial Institution within the UK over the 3 months to 25 July 2008. The 'Rank Change' column provides an indication of the change in demand within each location based on the same 3 month period last year. A positive number indicates a relative increase in demand.

Location	Rank Change on Same Period Last Last	Matching Contract IT Job Ads	Average Daily Rate Last 3 Months	Average Daily Rate % Change on Same Period Last Year
England	+47	918	£456	+3.69 %
London	+22	637	£488	+9.39 %
City of London	-7	220	£456	+5.46 %
South East	+80	94	£370	-4.45 %
East of England	+35	65	£115	-68.00 %
Hertfordshire	+31	55	£100	-73.33 %
Yorkshire	+43	45	£295	-19.86 %
Buckinghamshire	+34	43	£338	-
Milton Keynes	+16	41	£338	-
Harrogate	-	36	£85	-
North Yorkshire	+31	36	£85	-76.16 %
Scotland	+11	32	£190	-34.48 %
Canary Wharf	+16	27	£421	-8.40 %
North West	-2	26	£317	-28.29 %
Docklands, London	+14	26	£517	+19.37 %
Berkshire	+49	22	£381	-1.61 %
Cheshire	+3	22	£335	-17.52 %
Hampshire	+37	21	£409	+9.16 %
West Midlands	+21	20	£306	-
Edinburgh	-3	20	£190	-28.68 %
Surrey	+7	14	£397	-4.51 %
East Midlands	+14	13	£513	+51.85 %
Northamptonshire	+5	12	£513	+46.42 %
South West	+26	11	£324	-12.09 %
Birmingham	-	11	£450	-
Northampton	0	11	£550	+57.14 %
Reading	+11	11	£400	-
Basingstoke	+29	10	£409	+2.34 %
Glasgow	+6	9	-	-
Bedfordshire	+17	9	£130	-65.33 %

Financial Institution
Top 30 Related IT Skills

For the 6 months to 25 July 2008, IT contractor jobs within the UK citing Financial Institution 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 Financial Institution.

1 1947 (100.00 %) Finance 2 581 (29.84 %) Banking 3 285 (14.64 %) SQL 4 267 (13.71 %) UNIX 5 260 (13.35 %) Java 6 244 (12.53 %) Oracle 7 233 (11.97 %) Investment Banking 8 185 (9.502 %) Project Management 9 180 (9.245 %) SQL Server 10 170 (8.731 %) .NET 11 161 (8.269 %) C# 12 154 (7.910 %) Windows 13 138 (7.088 %) Front Office 14 130 (6.677 %) Derivative 15 119 (6.112 %) PRINCE2

16 103 (5.290 %) Microsoft 17 95 (4.879 %) Equities 17 95 (4.879 %) C++ 18 87 (4.468 %) Back Office 19 86 (4.417 %) MS Excel 20 84 (4.314 %) Business Analysis 21 83 (4.263 %) Risk Management 21 83 (4.263 %) Migration 21 83 (4.263 %) OO 22 82 (4.212 %) MS Office 23 78 (4.006 %) J2EE 23 78 (4.006 %) Sybase 24 77 (3.955 %) ASP.NET 24 77 (3.955 %) Solaris 25 76 (3.903 %) IBM

Financial Institution
Top Related IT Skills by Category

For the 6 months to 25 July 2008, IT contractor jobs within the UK citing Financial Institution 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 Financial Institution. Up to 20 skills are shown per category.

Application Development 1 170 (8.731 %) .NET 2 78 (4.006 %) J2EE 3 77 (3.955 %) ASP.NET 4 69 (3.544 %) XML 5 60 (3.082 %) WebSphere 6 56 (2.876 %) Spring 7 53 (2.722 %) Middleware 8 46 (2.363 %) Hibernate 9 28 (1.438 %) HTML 10 26 (1.335 %) .NET Framework 11 25 (1.284 %) CSS 12 24 (1.233 %) WinForms 13 23 (1.181 %) Java EE 14 19 (0.976 %) JSP 14 19 (0.976 %) Struts 15 18 (0.924 %) WebServices 16 16 (0.822 %) Java SE 16 16 (0.822 %) AJAX 17 12 (0.616 %) ASP 18 11 (0.565 %) XML Schema	Application Platforms 1 47 (2.414 %) WebLogic 2 46 (2.363 %) SharePoint 3 40 (2.054 %) IIS 4 28 (1.438 %) MQSeries 5 23 (1.181 %) SharePoint Server 2007 6 22 (1.130 %) MS Exchange 7 20 (1.027 %) SAS 8 14 (0.719 %) Apache 9 13 (0.668 %) Tomcat 9 13 (0.668 %) Lotus Notes 9 13 (0.668 %) WebSphere MQ 10 12 (0.616 %) WebSphere Application Server 11 11 (0.565 %) TIBCO EMS 12 10 (0.514 %) iPlanet 12 10 (0.514 %) CICS 13 9 (0.462 %) Lotus Domino 14 8 (0.411 %) BizTalk Server 14 8 (0.411 %) Exchange Server 2000 15 7 (0.360 %) Exchange Server 2003 15 7 (0.360 %) MQSI
Applications 1 86 (4.417 %) MS Excel 2 82 (4.212 %) MS Office 3 53 (2.722 %) MS Project 4 45 (2.311 %) MS Visio 5 31 (1.592 %) MS PowerPoint 6 12 (0.616 %) Photoshop 7 10 (0.514 %) Spreadsheet 8 9 (0.462 %) InfoPath 9 4 (0.205 %) Adobe Illustrator 9 4 (0.205 %) Fireworks 10 2 (0.103 %) ImageReady 10 2 (0.103 %) SPSS 10 2 (0.103 %) CA Clarity 11 1 (0.051 %) Open Workbench 11 1 (0.051 %) Acrobat 11 1 (0.051 %) QuarkXPress 11 1 (0.051 %) RoboHelp 11 1 (0.051 %) MATLAB 11 1 (0.051 %) FrameMaker	Business Applications 1 27 (1.387 %) Loan IQ 2 13 (0.668 %) BASE24 3 12 (0.616 %) Summit 3 12 (0.616 %) FRONT ARENA 4 9 (0.462 %) Oracle Financials 5 5 (0.257 %) Sophis VALUE 6 4 (0.205 %) Adaptiv 6 4 (0.205 %) InvestOne 6 4 (0.205 %) Advent Geneva 6 4 (0.205 %) HiInvest 6 4 (0.205 %) HiPortfolio 6 4 (0.205 %) Endur 6 4 (0.205 %) RMDS 6 4 (0.205 %) SimCorp Dimension 6 4 (0.205 %) Sophis RISQUE 6 4 (0.205 %) SunGard AvantGard 6 4 (0.205 %) Thomson PORTIA 6 4 (0.205 %) SunGard Martini 6 4 (0.205 %) Nortel Periphonics 7 3 (0.154 %) Misys Midas
Communications & Networking 1 48 (2.465 %) TCP/IP 2 44 (2.260 %) Firewall 3 39 (2.003 %) SAN 4 33 (1.695 %) DNS 5 32 (1.644 %) Internet 6 30 (1.541 %) LAN 7 28 (1.438 %) WAN 8 22 (1.130 %) VPN 9 21 (1.079 %) SSL 9 21 (1.079 %) VoIP 10 16 (0.822 %) BGP 11 14 (0.719 %) LDAP 12 13 (0.668 %) OSPF 13 10 (0.514 %) ATM 13 10 (0.514 %) IP Telephony 13 10 (0.514 %) Network Security 14 9 (0.462 %) Intranet 15 8 (0.411 %) MPLS 16 7 (0.360 %) DMZ 16 7 (0.360 %) PBX	Database & Business Intelligence 1 180 (9.245 %) SQL Server 2 63 (3.236 %) SQL Server 2005 3 50 (2.568 %) Datawarehouse 4 43 (2.209 %) DB2 5 42 (2.157 %) ETL 5 42 (2.157 %) Oracle 10g 6 35 (1.798 %) BusinessObjects 7 34 (1.746 %) SQL Server 2000 8 24 (1.233 %) Oracle 8/8i 9 19 (0.976 %) Reference Data 10 16 (0.822 %) RDBMS 11 15 (0.770 %) OLAP 11 15 (0.770 %) Data Mart 12 14 (0.719 %) SQL Server Reporting Services 13 13 (0.668 %) SQL Server Integration Services 13 13 (0.668 %) SQL Server Analysis Services 13 13 (0.668 %) MS Access 13 13 (0.668 %) DTS 13 13 (0.668 %) PowerCenter 14 11 (0.565 %) Oracle Reports
Development Applications 1 47 (2.414 %) TestDirector 2 42 (2.157 %) Eclipse 3 29 (1.489 %) ClearQuest 4 23 (1.181 %) ClearCase 5 14 (0.719 %) JUnit 6 10 (0.514 %) Rational Rose 6 10 (0.514 %) LoadRunner 6 10 (0.514 %) RequisitePro 6 10 (0.514 %) ERwin 7 9 (0.462 %) Visual Studio 8 7 (0.360 %) Ant 9 6 (0.308 %) NUnit 9 6 (0.308 %) CruiseControl 10 5 (0.257 %) Flash 11 4 (0.205 %) PVCS 11 4 (0.205 %) Dreamweaver 11 4 (0.205 %) WinRunner 12 3 (0.154 %) Synon 12 3 (0.154 %) COOL2E 12 3 (0.154 %) Subversion	General 1 1947 (100.00 %) Finance 2 581 (29.84 %) Banking 3 233 (11.97 %) Investment Banking 4 138 (7.088 %) Front Office 5 87 (4.468 %) Back Office 6 56 (2.876 %) Insurance 7 43 (2.209 %) Pensions 8 36 (1.849 %) Retail 9 29 (1.489 %) Government 10 21 (1.079 %) Retail Banking 11 20 (1.027 %) Legal 12 18 (0.924 %) Marketing 13 12 (0.616 %) Telecoms 14 10 (0.514 %) Law 15 8 (0.411 %) Education 15 8 (0.411 %) Corporate Banking 16 6 (0.308 %) Wholesale Banking 17 5 (0.257 %) General Ledger 18 3 (0.154 %) Billing 18 3 (0.154 %) Publishing
Job Titles 1 553 (28.40 %) Analyst 2 474 (24.35 %) Developer 3 228 (11.71 %) Business Analyst 4 182 (9.348 %) Project Manager 5 97 (4.982 %) Java Developer 6 90 (4.622 %) Consultant 7 88 (4.520 %) Support Analyst 8 84 (4.314 %) C# Developer 9 78 (4.006 %) Architect 10 66 (3.390 %) Administrator 11 56 (2.876 %) Test Analyst 12 48 (2.465 %) DBA 13 42 (2.157 %) Test Manager 14 41 (2.106 %) Senior Analyst 15 40 (2.054 %) .NET Developer 16 37 (1.900 %) C++ Developer 16 37 (1.900 %) Data Analyst 17 34 (1.746 %) Oracle Developer 18 33 (1.695 %) Java/J2EE Developer 19 31 (1.592 %) Support Engineer	Miscellaneous 1 130 (6.677 %) Derivative 2 95 (4.879 %) Equities 3 64 (3.287 %) Fixed Income 4 45 (2.311 %) Credit Risk 5 44 (2.260 %) Foreign Exchange (FX) 6 26 (1.335 %) Equity Derivative 7 25 (1.284 %) Mainframe 8 24 (1.233 %) Market Risk 9 18 (0.924 %) Blackberry 10 17 (0.873 %) Management Information System 11 14 (0.719 %) Interest Rate Derivative 11 14 (0.719 %) Multithreading 11 14 (0.719 %) IBM Mainframe 12 13 (0.668 %) Replication 13 12 (0.616 %) CLARiiON 13 12 (0.616 %) EMC Centera 14 11 (0.565 %) Celerra 15 10 (0.514 %) Data Extraction 15 10 (0.514 %) PMI 16 9 (0.462 %) Symmetrix
Operating Systems 1 267 (13.71 %) UNIX 2 154 (7.910 %) Windows 3 77 (3.955 %) Solaris 4 38 (1.952 %) Linux 5 26 (1.335 %) Windows 2000 6 22 (1.130 %) Windows NT 7 21 (1.079 %) Windows XP 7 21 (1.079 %) Windows Server 2003 8 16 (0.822 %) AIX 9 5 (0.257 %) Windows Vista 10 4 (0.205 %) VMS 11 1 (0.051 %) NetWare 11 1 (0.051 %) zOS 11 1 (0.051 %) Fedora 11 1 (0.051 %) Windows Mobile	Processes & Methodologies 1 185 (9.502 %) Project Management 2 119 (6.112 %) PRINCE2 3 84 (4.314 %) Business Analysis 4 83 (4.263 %) OO 4 83 (4.263 %) Risk Management 4 83 (4.263 %) Migration 5 72 (3.698 %) Asset Management 6 62 (3.184 %) ITIL 7 56 (2.876 %) Investment Management 8 51 (2.619 %) UML 9 48 (2.465 %) Change Management 9 48 (2.465 %) User Acceptance Testing 10 45 (2.311 %) RAD 11 43 (2.209 %) Data Modelling 12 38 (1.952 %) Service Delivery 13 36 (1.849 %) Project Planning 14 30 (1.541 %) Stakeholder Management 15 28 (1.438 %) Data Analysis 15 28 (1.438 %) Service Management 16 26 (1.335 %) Business Intelligence
Programming Languages 1 285 (14.64 %) SQL 2 260 (13.35 %) Java 3 161 (8.269 %) C# 4 95 (4.879 %) C++ 5 73 (3.749 %) Perl 6 53 (2.722 %) PL/SQL 7 52 (2.671 %) VBA 8 40 (2.054 %) Shell Script 9 39 (2.003 %) VB 10 28 (1.438 %) JavaScript 11 23 (1.181 %) COBOL 12 16 (0.822 %) Transact-SQL 13 15 (0.770 %) VBScript 13 15 (0.770 %) VB.NET 13 15 (0.770 %) Korn 14 14 (0.719 %) C 15 13 (0.668 %) JCL 16 12 (0.616 %) DHTML 17 8 (0.411 %) AWK 17 8 (0.411 %) VB6	Qualifications 1 60 (3.082 %) Degree 2 48 (2.465 %) Cisco Certification 3 39 (2.003 %) CCNP 4 32 (1.644 %) Microsoft Certification 5 30 (1.541 %) MCSE 6 23 (1.181 %) ISEB 7 22 (1.130 %) PRINCE2 Certification 8 14 (0.719 %) CISSP 9 12 (0.616 %) CCDP 9 12 (0.616 %) CCNA 10 11 (0.565 %) CCDA 11 9 (0.462 %) CCIE 12 8 (0.411 %) Sun Certification 13 7 (0.360 %) PRINCE2 Practitioner 14 5 (0.257 %) ITIL Certification 14 5 (0.257 %) A+ Certification 15 4 (0.205 %) MCSA 16 3 (0.154 %) MCP 16 3 (0.154 %) ACCA 16 3 (0.154 %) CISA
Quality Assurance & Compliance 1 40 (2.054 %) Basel II 2 37 (1.900 %) SLA 3 33 (1.695 %) QA 4 14 (0.719 %) Sarbanes-Oxley 5 9 (0.462 %) PCI DSS 6 4 (0.205 %) ISO27001 7 2 (0.103 %) MiFID 8 1 (0.051 %) GAAP 8 1 (0.051 %) TickIT 8 1 (0.051 %) IAS 39	System Software 1 59 (3.030 %) Active Directory 2 15 (0.770 %) VMware ESX 2 15 (0.770 %) VMware Infrastructure 3 10 (0.514 %) NetBackup 4 8 (0.411 %) ISA Server 5 3 (0.154 %) Oracle RMAN 5 3 (0.154 %) NFS 6 2 (0.103 %) Oracle RAC 6 2 (0.103 %) Orbix 7 1 (0.051 %) Terminal Services 7 1 (0.051 %) Tivoli Workload Scheduler 7 1 (0.051 %) VMware Server
Systems Management 1 20 (1.027 %) OpenView 2 14 (0.719 %) AutoSys 3 10 (0.514 %) MOM 4 9 (0.462 %) CiscoWorks 4 9 (0.462 %) Tivoli 5 8 (0.411 %) BMC PATROL 6 4 (0.205 %) Tivoli Storage Manager 7 3 (0.154 %) Legato 7 3 (0.154 %) CONTROL-M 7 3 (0.154 %) ServiceCenter 8 2 (0.103 %) SCCM 8 2 (0.103 %) ARCserve 8 2 (0.103 %) RepliStor 8 2 (0.103 %) HP Data Protector 9 1 (0.051 %) EMC TimeFinder 9 1 (0.051 %) OMEGAMON 9 1 (0.051 %) EMC NetWorker 9 1 (0.051 %) Norton AntiVirus 9 1 (0.051 %) Oracle Statspack 9 1 (0.051 %) Tivoli Monitoring	Vendors 1 244 (12.53 %) Oracle 2 103 (5.290 %) Microsoft 3 78 (4.006 %) Sybase 4 76 (3.903 %) IBM 5 75 (3.852 %) Cisco 6 54 (2.773 %) HP 7 39 (2.003 %) Calypso 8 37 (1.900 %) Murex 9 35 (1.798 %) Business Objects 9 35 (1.798 %) Sun 10 32 (1.644 %) Reuters 11 31 (1.592 %) Bloomberg 12 30 (1.541 %) Citrix 13 25 (1.284 %) Informatica 14 24 (1.233 %) EMC 14 24 (1.233 %) CheckPoint 14 24 (1.233 %) TIBCO 14 24 (1.233 %) VMware 15 22 (1.130 %) Cognos 16 21 (1.079 %) VERITAS