The first table below looks at the demand for knowledge and experience of Sophis 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 Sophis over the 3 months to 18 April 2014 with a comparison to the same period in the previous 2 years. The second table is for comparison and provides aggregates for all Vendors currently tracked.

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 Sophis.

Location
3 months to
18 Apr 2014
Same period 2013 Same period 2012
Sophis
Rank 567 526 540
Rank change year-on-year
-41 +14
Contract jobs citing Sophis 20 18 48
As % of all contract IT jobs located in the UK 0.036% 0.038% 0.079%
As % of the Vendors category 0.077% 0.080% 0.17%
Number of daily rates quoted 8 12 34
Average daily rate £550 £500 £500
Average daily rate % change year-on-year
+10.00% -
90% offered a daily rate of more than £414 £500 £283
10% offered a daily rate of more than £625 £673 £618
UK excluding London average daily rate - - -
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
Vendors Category
UK
Contract IT job ads with a match in the
Vendors category
25818 22455 27837
As % of all contract IT jobs located in the UK 45.86% 47.05% 45.90%
Number of daily rates quoted 14474 11940 14191
Average daily rate £400 £400 £400
90% offered a daily rate of more than £225 £225 £225
10% offered a daily rate of more than £550 £550 £550
UK excluding London average daily rate £350 £350 £350
Number of hourly rates quoted 1103 1186 1344
Average hourly rate £17.50 £19.00 £20.00
Average hourly rate % change year-on-year
-7.89% -5.00%
90% offered a hourly rate of more than £11.00 £11.00 £12.00
10% offered a hourly rate of more than £41.00 £40.00 £41.50
UK excluding London average hourly rate £17.50 £18.90 £20.00
% change year-on-year
-7.40% -5.50%

Sophis
Jobs Demand Trend

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

Sophis Jobs Demand Trend in the UK

Sophis
Daily Rate Trend

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

Sophis Daily Rate Trend in the UK

Sophis
Daily Rate Histogram

This chart provides a histogram of daily rates quoted in contract IT jobs citing Sophis within the UK over the 3 months to 18 April 2014.

Sophis Daily Rate Histogram in the UK

Sophis
Hourly Rate Trend

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

Sophis Hourly Rate Trend in the UK

Sophis
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 Sophis within the UK over the 3 months to 18 April 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
(Click each for more statistics)
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
Find
Job
Vacancies
London -21 20 £550 +10.00%
England -85 20 £550 +10.00%
City of London -14 4 £625 +19.04%

Sophis
Top 30 Related IT Skills

For the 6 months to 18 April 2014, IT contractor jobs within the UK citing Sophis 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 Sophis.

1 20 (58.82%) Front Office
2 14 (41.18%) Derivative
3 12 (35.29%) Asset Management
4 11 (32.35%) Murex
5 10 (29.41%) SQL
5 10 (29.41%) Charles River
5 10 (29.41%) Finance
5 10 (29.41%) Banking
6 9 (26.47%) Investment Banking
7 8 (23.53%) Fixed Income
7 8 (23.53%) Calypso
8 7 (20.59%) Equity Derivative
8 7 (20.59%) Equities
8 7 (20.59%) Investment Management
9 6 (17.65%) Fund Management
9 6 (17.65%) C#
10 5 (14.71%) Java
10 5 (14.71%) Linux
10 5 (14.71%) UNIX
10 5 (14.71%) User Acceptance Testing
10 5 (14.71%) Analytics
10 5 (14.71%) Relational Database
10 5 (14.71%) Business Analysis
11 4 (11.76%) LatentZero
11 4 (11.76%) Global One
11 4 (11.76%) Summit
11 4 (11.76%) QA
11 4 (11.76%) Windows
11 4 (11.76%) SQL Server
11 4 (11.76%) Workflow

Sophis
Top Related IT Skills by Category

For the 6 months to 18 April 2014, IT contractor jobs within the UK citing Sophis 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 Sophis. Up to 20 skills are shown per category.

Applications
1 1 (2.94%) MS Excel
Business Applications
1 4 (11.76%) LatentZero
1 4 (11.76%) Global One
1 4 (11.76%) Summit
2 2 (5.88%) Sophis RISQUE
3 1 (2.94%) HiPortfolio
3 1 (2.94%) Rolfe and Nolan
3 1 (2.94%) Markit EDM
3 1 (2.94%) IntelliMatch
Database & Business Intelligence
1 5 (14.71%) Relational Database
2 4 (11.76%) SQL Server
3 3 (8.82%) RDBMS
4 2 (5.88%) SQL Server 2012
4 2 (5.88%) SQL Server 2008
4 2 (5.88%) SQL Server 2005
4 2 (5.88%) SQL Server 2000
5 1 (2.94%) Informix
5 1 (2.94%) Oracle Database 10g
5 1 (2.94%) SQL Server Integration Services
5 1 (2.94%) Oracle Database 11g
5 1 (2.94%) Oracle Database
Development Applications
1 1 (2.94%) Toad
1 1 (2.94%) QuickTest Pro
1 1 (2.94%) Selenium
1 1 (2.94%) FitNesse
General
1 20 (58.82%) Front Office
2 10 (29.41%) Finance
2 10 (29.41%) Banking
3 9 (26.47%) Investment Banking
4 1 (2.94%) Legal
4 1 (2.94%) Back Office
4 1 (2.94%) Marketing
4 1 (2.94%) French Language
Job Titles
1 19 (55.88%) Analyst
2 12 (35.29%) Business Analyst
3 4 (11.76%) Sophis Business Analyst
3 4 (11.76%) Test Analyst
4 3 (8.82%) DBA
4 3 (8.82%) Senior Analyst
4 3 (8.82%) Support Analyst
4 3 (8.82%) Applications Support
4 3 (8.82%) Senior Business Analyst
5 2 (5.88%) SQL DBA
5 2 (5.88%) Project Manager
6 1 (2.94%) Analyst Programmer
6 1 (2.94%) Programmer
6 1 (2.94%) Developer
6 1 (2.94%) Business Systems Analyst
6 1 (2.94%) Systems Analyst
6 1 (2.94%) Support Specialist
6 1 (2.94%) Murex Support
6 1 (2.94%) Murex Analyst
6 1 (2.94%) Business Test Analyst
Libraries, Frameworks & Software Standards
1 3 (8.82%) XML
2 2 (5.88%) XSLT
3 1 (2.94%) Middleware
3 1 (2.94%) CSS
3 1 (2.94%) CSS3
Miscellaneous
1 14 (41.18%) Derivative
2 8 (23.53%) Fixed Income
3 7 (20.59%) Equity Derivative
3 7 (20.59%) Equities
4 2 (5.88%) Hedge funds
4 2 (5.88%) Credit Risk
4 2 (5.88%) Energy Derivatives
4 2 (5.88%) Foreign Exchange (FX)
5 1 (2.94%) Contract for Difference
5 1 (2.94%) Credit Derivative
Operating Systems
1 5 (14.71%) Linux
1 5 (14.71%) UNIX
2 4 (11.76%) Windows
3 3 (8.82%) Solaris
4 1 (2.94%) Red Hat Enterprise Linux
Processes & Methodologies
1 12 (35.29%) Asset Management
2 7 (20.59%) Investment Management
3 6 (17.65%) Fund Management
4 5 (14.71%) User Acceptance Testing
4 5 (14.71%) Analytics
4 5 (14.71%) Business Analysis
5 4 (11.76%) Workflow
6 3 (8.82%) Migration
6 3 (8.82%) Database Security
7 2 (5.88%) Portfolio Management
7 2 (5.88%) Change Management
7 2 (5.88%) Disaster Recovery
7 2 (5.88%) Risk Management
7 2 (5.88%) Project Management
8 1 (2.94%) ITIL
8 1 (2.94%) Incident Management
8 1 (2.94%) Enterprise Architecture
8 1 (2.94%) Matrix Management
8 1 (2.94%) Use Case
8 1 (2.94%) Problem Management
Programming Languages
1 10 (29.41%) SQL
2 6 (17.65%) C#
3 5 (14.71%) Java
4 3 (8.82%) C++
5 2 (5.88%) VBA
6 1 (2.94%) Shell Script
6 1 (2.94%) Python
6 1 (2.94%) VBScript
6 1 (2.94%) VB
6 1 (2.94%) Perl
6 1 (2.94%) PL/SQL
6 1 (2.94%) sed
Qualifications
1 1 (2.94%) ISEB
Quality Assurance & Compliance
1 4 (11.76%) QA
System Software
1 2 (5.88%) LiteSpeed
2 1 (2.94%) Oracle RAC
Systems Management
1 3 (8.82%) Control-M
2 2 (5.88%) BMC PATROL
3 1 (2.94%) Oracle Enterprise Manager
Vendors
1 11 (32.35%) Murex
2 10 (29.41%) Charles River
3 8 (23.53%) Calypso
4 4 (11.76%) Bloomberg
5 3 (8.82%) Veritas
5 3 (8.82%) thinkFolio
5 3 (8.82%) Wall Street Systems
5 3 (8.82%) FactSet
6 2 (5.88%) BMC
6 2 (5.88%) Microsoft
6 2 (5.88%) Oracle
7 1 (2.94%) Remedy
7 1 (2.94%) VMware
7 1 (2.94%) Sun
7 1 (2.94%) Misys
7 1 (2.94%) Red Hat
7 1 (2.94%) Fidessa
7 1 (2.94%) SunGard
7 1 (2.94%) HP
7 1 (2.94%) SimCorp