The table below looks at the statistics for knowledge and experience of SimCorp 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 SimCorp over the 3 months to 22 May 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.

The figures below represent the IT contractor job market in general and are NOT representative of contractor rates within SimCorp.

Location
3 months to
22 May 2015
Same period 2014 Same period 2013
SimCorp
Rank 574 572 545
Rank change year-on-year
-2 -27
Contract jobs citing SimCorp 33 10 4
As % of all contract IT jobs located in the UK 0.061% 0.019% 0.008%
As % of the Vendors category 0.14% 0.042% 0.018%
Number of daily rates quoted 5 8 0
Average daily rate
Keep up to 90%
of your Daily Rate
Get a Free Illustration
£650 £513 -
Average daily rate % change year-on-year
+26.82% -
UK excluding London average daily rate - - -
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 Vendors category in contract jobs advertised across the UK.

Vendors Category
UK
Contract IT job ads with a match in the
Vendors category
24357 23653 22103
As % of all contract IT jobs located in the UK 44.97% 44.93% 46.89%
Number of daily rates quoted 14074 13450 11763
Average daily rate £400 £388 £400
Average daily rate % change year-on-year
+3.22% -3.12%
90% offered a daily rate of more than £230 £222 £235
10% offered a daily rate of more than £550 £550 £550
UK excluding London average daily rate £370 £350 £350
% change year-on-year
+5.71% -
Number of hourly rates quoted 1123 1058 1214
Average hourly rate £18.00 £18.00 £19.00
Average hourly rate % change year-on-year
- -5.26%
90% offered a hourly rate of more than £11.00 £11.00 £11.21
10% offered a hourly rate of more than £40.00 £38.50 £40.00
UK excluding London average hourly rate £18.00 £17.50 £19.00
% change year-on-year
+2.85% -7.89%

SimCorp
Jobs Demand Trend

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

SimCorp Jobs Demand Trend in the UK

SimCorp
Daily Rate Trend

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

SimCorp Daily Rate Trend in the UK

SimCorp
Daily Rate Histogram

This chart provides a histogram of daily rates quoted in contract IT jobs citing SimCorp within the UK over the 3 months to 22 May 2015.

SimCorp Daily Rate Histogram in the UK

SimCorp
Hourly Rate Trend

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

SimCorp Hourly Rate Trend in the UK

SimCorp
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 SimCorp within the UK over the 3 months to 22 May 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
London +15 31 £650 +26.82% 7
England -3 31 £650 +26.82% 7
City of London +6 3 £650 +26.82% 6
Channel Islands - 2 - -
Guernsey - 1 - -
Jersey - 1 - -

SimCorp
Top 30 Related IT Skills

For the 6 months to 22 May 2015, IT contractor jobs within the UK citing SimCorp 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 SimCorp.

1 35 (89.74%) SimCorp Dimension
2 26 (66.67%) Asset Management
3 21 (53.85%) Back Office
4 20 (51.28%) SQL
5 16 (41.03%) Front Office
6 15 (38.46%) Data Structures
7 11 (28.21%) Charles River
7 11 (28.21%) Investment Management
8 10 (25.64%) Cash Management
9 9 (23.08%) Data Management
10 8 (20.51%) Fixed Income
11 7 (17.95%) Equities
12 6 (15.38%) Foreign Exchange (FX)
12 6 (15.38%) DTCC
13 5 (12.82%) Finance
13 5 (12.82%) thinkFolio
13 5 (12.82%) Eagle PACE
13 5 (12.82%) Markit EDM
13 5 (12.82%) Data Warehouse
14 4 (10.26%) Oracle
14 4 (10.26%) Business Objects
14 4 (10.26%) Salesforce.com
14 4 (10.26%) Metastorm
14 4 (10.26%) Portfolio Management
14 4 (10.26%) Oracle BPM
14 4 (10.26%) Test Management
14 4 (10.26%) Test Automation
15 3 (7.69%) FIX Protocol
15 3 (7.69%) Degree
15 3 (7.69%) Analytical Skills

SimCorp
Top Related IT Skills by Category

For the 6 months to 22 May 2015, IT contractor jobs within the UK citing SimCorp 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 SimCorp. Up to 20 skills are shown per category.

Applications
1 1 (2.56%) Spreadsheet
Business Applications
1 35 (89.74%) SimCorp Dimension
2 5 (12.82%) thinkFolio
2 5 (12.82%) Eagle PACE
2 5 (12.82%) Markit EDM
3 4 (10.26%) Oracle BPM
4 2 (5.13%) HiPortfolio
5 1 (2.56%) SunGard APT
5 1 (2.56%) Investran
5 1 (2.56%) PORTIA
Database & Business Intelligence
1 5 (12.82%) Data Warehouse
2 1 (2.56%) SQL Server Integration Services
General
1 21 (53.85%) Back Office
2 16 (41.03%) Front Office
3 5 (12.82%) Finance
4 1 (2.56%) Investment Banking
4 1 (2.56%) Banking
Job Titles
1 28 (71.79%) Analyst
2 20 (51.28%) Business Analyst
3 13 (33.33%) Senior Business Analyst
3 13 (33.33%) Senior Analyst
4 6 (15.38%) Data Analyst
5 3 (7.69%) Test Manager
5 3 (7.69%) Environment Manager
6 2 (5.13%) Project Manager
6 2 (5.13%) PRINCE2 Project Manager
6 2 (5.13%) Test Environment Manager
7 1 (2.56%) Performance Analyst
7 1 (2.56%) Technical Analyst
7 1 (2.56%) Implementation Consultant
7 1 (2.56%) Consultant
7 1 (2.56%) Developer
Libraries, Frameworks & Software Standards
1 3 (7.69%) FIX Protocol
Miscellaneous
1 15 (38.46%) Data Structures
2 8 (20.51%) Fixed Income
3 7 (17.95%) Equities
4 6 (15.38%) Foreign Exchange (FX)
4 6 (15.38%) DTCC
5 3 (7.69%) Analytical Skills
6 1 (2.56%) SWIFT
6 1 (2.56%) Derivative
Processes & Methodologies
1 26 (66.67%) Asset Management
2 11 (28.21%) Investment Management
3 10 (25.64%) Cash Management
4 9 (23.08%) Data Management
5 4 (10.26%) Portfolio Management
5 4 (10.26%) Test Management
5 4 (10.26%) Test Automation
6 2 (5.13%) Analytics
6 2 (5.13%) PRINCE
6 2 (5.13%) Project Management
6 2 (5.13%) PRINCE2
6 2 (5.13%) Data Modelling
6 2 (5.13%) Migration
6 2 (5.13%) Wealth Management
6 2 (5.13%) Risk Analysis
6 2 (5.13%) Time Management
6 2 (5.13%) Data Cleansing
6 2 (5.13%) Continuous Improvement
7 1 (2.56%) User Acceptance Testing
7 1 (2.56%) Stakeholder Management
Programming Languages
1 20 (51.28%) SQL
2 1 (2.56%) C
Qualifications
1 3 (7.69%) Degree
2 2 (5.13%) PRINCE2 Certification
Quality Assurance & Compliance
1 1 (2.56%) QA
Vendors
1 11 (28.21%) Charles River
2 4 (10.26%) Oracle
2 4 (10.26%) Business Objects
2 4 (10.26%) Salesforce.com
2 4 (10.26%) Metastorm
3 2 (5.13%) Bloomberg
3 2 (5.13%) Avaloq
4 1 (2.56%) BI-SAM
4 1 (2.56%) Yardi
4 1 (2.56%) Murex
4 1 (2.56%) SunGard