The table below looks at the statistics for LatentZero skills in IT contracts advertised across the UK. Included is a guide to the average contractor rates offered in IT contracts that have cited LatentZero over the 3 months to 31 July 2015 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
31 Jul 2015
Same period 2014 Same period 2013
Fidessa LatentZero
Rank 604 599 558
Rank change year-on-year
-5 -41
Contract jobs citing LatentZero 16 12 21
As % of all contract IT jobs located in the UK 0.028% 0.022% 0.041%
As % of the Business Applications category 0.35% 0.24% 0.45%
Number of daily rates quoted 9 10 12
Average daily rate
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of your Daily Rate
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£625 £600 £326
Average daily rate % change year-on-year
+4.16% +83.90%
90% offered a daily rate of more than £417 £498 £315
10% offered a daily rate of more than £635 £650 £530
UK excluding London average daily rate - - £328
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 Business Applications category in contract jobs advertised across the UK.

Business Applications Category
UK
Contract IT job ads with a match in the
Business Applications category
4587 5087 4627
As % of all contract IT jobs located in the UK 8.07% 9.31% 9.05%
Number of daily rates quoted 2586 2607 2361
Average daily rate £450 £445 £425
Average daily rate % change year-on-year
+1.05% +4.77%
90% offered a daily rate of more than £300 £300 £300
10% offered a daily rate of more than £600 £575 £600
UK excluding London average daily rate £425 £425 £413
% change year-on-year
- +3.03%
Number of hourly rates quoted 63 71 75
Average hourly rate £22.50 £31.16 £20.00
Average hourly rate % change year-on-year
-27.79% +55.80%
90% offered a hourly rate of more than £12.50 £16.05 £12.30
10% offered a hourly rate of more than £50.22 £47.25 £45.00
UK excluding London average hourly rate £22.50 £28.00 £20.00
% change year-on-year
-19.64% +40.00%

LatentZero
Jobs Demand Trend

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

LatentZero Jobs Demand Trend in the UK

LatentZero
Daily Rate Trend

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

LatentZero Daily Rate Trend in the UK

LatentZero
Daily Rate Histogram

This chart provides a histogram of daily rates quoted in contract IT jobs citing LatentZero within the UK over the 3 months to 31 July 2015.

LatentZero Daily Rate Histogram in the UK

LatentZero
Hourly Rate Trend

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

LatentZero Hourly Rate Trend in the UK

LatentZero
Top 7 Contract Locations

The table below looks at the demand and provides a guide to the average contractor rates quoted in IT jobs citing LatentZero within the UK over the 3 months to 31 July 2015. 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 -23 14 £625 +4.16% 11
London -2 12 £625 +4.16% 11
Glasgow - 2 - -
Scotland - 2 - -
Street - 2 - -
Somerset - 2 - -
South West - 2 - -

LatentZero
Top 30 Related IT Skills

For the 6 months to 31 July 2015, IT contractor jobs within the UK citing LatentZero 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 LatentZero.

1 29 (96.67%) thinkFolio
2 21 (70.00%) Front Office
3 19 (63.33%) Asset Management
4 17 (56.67%) Derivative
5 15 (50.00%) Charles River
6 14 (46.67%) Fixed Income
7 12 (40.00%) Investment Management
8 10 (33.33%) Portfolio Management
9 9 (30.00%) User Acceptance Testing
9 9 (30.00%) Equities
10 8 (26.67%) SQL
10 8 (26.67%) Foreign Exchange (FX)
10 8 (26.67%) Sentinel
11 7 (23.33%) Tesseract
11 7 (23.33%) Minerva
11 7 (23.33%) Fidessa
11 7 (23.33%) Finance
12 6 (20.00%) Markit EDM
13 5 (16.67%) Fund Management
13 5 (16.67%) Sophis
13 5 (16.67%) CFA
13 5 (16.67%) Data Analysis
13 5 (16.67%) SimCorp
13 5 (16.67%) SimCorp Dimension
13 5 (16.67%) Murex
13 5 (16.67%) BPR
14 4 (13.33%) HP
14 4 (13.33%) Agile Software Development
14 4 (13.33%) Eagle PACE
14 4 (13.33%) HP Quality Center

LatentZero
Top Related IT Skills by Category

For the 6 months to 31 July 2015, IT contractor jobs within the UK citing LatentZero 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 LatentZero. Up to 20 skills are shown per category.

Applications
1 1 (3.33%) MS Excel
Business Applications
1 29 (96.67%) thinkFolio
2 8 (26.67%) Sentinel
3 7 (23.33%) Tesseract
3 7 (23.33%) Minerva
4 6 (20.00%) Markit EDM
5 5 (16.67%) SimCorp Dimension
6 4 (13.33%) Eagle PACE
7 2 (6.67%) Front Arena
Database & Business Intelligence
1 1 (3.33%) SQL Server
Development Applications
1 1 (3.33%) SQL Server Management Studio (SSMS)
General
1 21 (70.00%) Front Office
2 7 (23.33%) Finance
3 3 (10.00%) Back Office
4 1 (3.33%) Banking
Job Titles
1 26 (86.67%) Analyst
2 11 (36.67%) Business Analyst
3 5 (16.67%) Support Analyst
4 4 (13.33%) Test Analyst
5 3 (10.00%) Applications Support
5 3 (10.00%) Senior Business Analyst
5 3 (10.00%) Senior Analyst
5 3 (10.00%) Applications Support Analyst
5 3 (10.00%) Testing Analyst
6 1 (3.33%) Project Manager
6 1 (3.33%) Senior Test Analyst
6 1 (3.33%) Project Analyst
6 1 (3.33%) Business Manager
6 1 (3.33%) Business Test Analyst
6 1 (3.33%) Data Analyst
6 1 (3.33%) Programme Manager
Miscellaneous
1 17 (56.67%) Derivative
2 14 (46.67%) Fixed Income
3 9 (30.00%) Equities
4 8 (26.67%) Foreign Exchange (FX)
5 4 (13.33%) Analytical Skills
6 2 (6.67%) Swaptions
6 2 (6.67%) Reference Data
7 1 (3.33%) Data Integration
7 1 (3.33%) Equity Derivative
Processes & Methodologies
1 19 (63.33%) Asset Management
2 12 (40.00%) Investment Management
3 10 (33.33%) Portfolio Management
4 9 (30.00%) User Acceptance Testing
5 5 (16.67%) Fund Management
5 5 (16.67%) Data Analysis
5 5 (16.67%) BPR
6 4 (13.33%) Agile Software Development
7 3 (10.00%) Fund Accounting
8 2 (6.67%) Analytics
8 2 (6.67%) Software Testing
8 2 (6.67%) Test Scripting
8 2 (6.67%) Regression Testing
9 1 (3.33%) Validation
9 1 (3.33%) Migration
9 1 (3.33%) Project Management
9 1 (3.33%) Change Management
9 1 (3.33%) Business Analysis
9 1 (3.33%) Data Management
9 1 (3.33%) Data Validation
Programming Languages
1 8 (26.67%) SQL
Qualifications
1 5 (16.67%) CFA
Systems Management
1 4 (13.33%) HP Quality Center
2 1 (3.33%) Control-M
Vendors
1 15 (50.00%) Charles River
2 7 (23.33%) Fidessa
3 5 (16.67%) Murex
3 5 (16.67%) Sophis
3 5 (16.67%) SimCorp
4 4 (13.33%) HP
5 3 (10.00%) Bloomberg
6 1 (3.33%) Reuters
6 1 (3.33%) Microsoft
6 1 (3.33%) FactSet