The table below looks at the statistics 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 30 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.

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

Location
3 months to
30 Jul 2015
Same period 2014 Same period 2013
Sophis
Rank 619 608 556
Rank change year-on-year
-11 -52
Contract jobs citing Sophis 9 7 20
As % of all contract IT jobs located in the UK 0.016% 0.013% 0.039%
As % of the Vendors category 0.036% 0.028% 0.084%
Number of daily rates quoted 7 0 12
Average daily rate
Keep up to 90%
of your Daily Rate
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£625 - £456
UK excluding London average daily rate - - £600
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
24962 24573 23789
As % of all contract IT jobs located in the UK 43.75% 44.94% 46.54%
Number of daily rates quoted 14721 13575 12861
Average daily rate £400 £375 £385
Average daily rate % change year-on-year
+6.66% -2.59%
90% offered a daily rate of more than £225 £215 £225
10% offered a daily rate of more than £550 £550 £550
UK excluding London average daily rate £365 £350 £350
% change year-on-year
+4.28% -
Number of hourly rates quoted 1066 1080 1200
Average hourly rate £18.50 £18.00 £20.00
Average hourly rate % change year-on-year
+2.77% -10.00%
90% offered a hourly rate of more than £11.00 £11.00 £11.00
10% offered a hourly rate of more than £43.89 £37.50 £41.50
UK excluding London average hourly rate £18.50 £17.50 £19.50
% change year-on-year
+5.71% -10.25%

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 30 July 2015.

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 2 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 30 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
London +2 9 £625 -
England -27 9 £625 -

Sophis
Top 30 Related IT Skills

For the 6 months to 30 July 2015, 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 13 (61.90%) Derivative
2 11 (52.38%) Murex
3 10 (47.62%) Finance
3 10 (47.62%) Banking
4 7 (33.33%) Fixed Income
4 7 (33.33%) Equity Derivative
4 7 (33.33%) SQL
5 6 (28.57%) Investment Banking
6 5 (23.81%) SimCorp
6 5 (23.81%) SimCorp Dimension
6 5 (23.81%) CFA
6 5 (23.81%) Front Office
6 5 (23.81%) LatentZero
6 5 (23.81%) Charles River
6 5 (23.81%) BPR
6 5 (23.81%) Foreign Exchange (FX)
6 5 (23.81%) Agile Software Development
6 5 (23.81%) thinkFolio
6 5 (23.81%) Portfolio Management
6 5 (23.81%) Data Analysis
7 4 (19.05%) Calypso
8 3 (14.29%) Equities
8 3 (14.29%) Stakeholder Management
9 2 (9.52%) Credit Risk
9 2 (9.52%) Test Scripting
9 2 (9.52%) Monte Carlo Method
9 2 (9.52%) Analytics
9 2 (9.52%) SDLC
9 2 (9.52%) Microsoft
9 2 (9.52%) Back Office

Sophis
Top Related IT Skills by Category

For the 6 months to 30 July 2015, 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 2 (9.52%) Open Workbench
2 1 (4.76%) MS Office
2 1 (4.76%) MS Excel
2 1 (4.76%) MS Visio
2 1 (4.76%) MS PowerPoint
Business Applications
1 5 (23.81%) LatentZero
1 5 (23.81%) SimCorp Dimension
1 5 (23.81%) thinkFolio
2 1 (4.76%) Summit
2 1 (4.76%) Misys Opics
2 1 (4.76%) Front Arena
Database & Business Intelligence
1 1 (4.76%) Crystal Reports
Development Applications
1 1 (4.76%) ClearQuest
1 1 (4.76%) JIRA
General
1 10 (47.62%) Finance
1 10 (47.62%) Banking
2 6 (28.57%) Investment Banking
3 5 (23.81%) Front Office
4 2 (9.52%) Back Office
5 1 (4.76%) Corporate Banking
Job Titles
1 7 (33.33%) Analyst
2 5 (23.81%) Project Manager
3 3 (14.29%) Programme Manager
3 3 (14.29%) IT Programme Manager
3 3 (14.29%) IT Project Manager
4 2 (9.52%) Support Specialist
4 2 (9.52%) Applications Support
4 2 (9.52%) Business Analyst
5 1 (4.76%) Junior
5 1 (4.76%) Test Manager
5 1 (4.76%) Test Analyst
5 1 (4.76%) Support Analyst
5 1 (4.76%) Support Engineer
5 1 (4.76%) Senior Business Analyst
5 1 (4.76%) Senior Analyst
5 1 (4.76%) Applications Support Analyst
5 1 (4.76%) Business Manager
5 1 (4.76%) Junior Test Analyst
5 1 (4.76%) Junior Analyst
5 1 (4.76%) Crystal Reports Writer
Libraries, Frameworks & Software Standards
1 1 (4.76%) XML
Miscellaneous
1 13 (61.90%) Derivative
2 7 (33.33%) Equity Derivative
2 7 (33.33%) Fixed Income
3 5 (23.81%) Foreign Exchange (FX)
4 3 (14.29%) Equities
5 2 (9.52%) Credit Risk
6 1 (4.76%) Hedge funds
6 1 (4.76%) Analytical Skills
6 1 (4.76%) Swaptions
6 1 (4.76%) PMI
Operating Systems
1 1 (4.76%) UNIX
1 1 (4.76%) Windows
1 1 (4.76%) Linux
Processes & Methodologies
1 5 (23.81%) BPR
1 5 (23.81%) Agile Software Development
1 5 (23.81%) Data Analysis
1 5 (23.81%) Portfolio Management
2 3 (14.29%) Stakeholder Management
3 2 (9.52%) Programme Management
3 2 (9.52%) Project Management
3 2 (9.52%) Monte Carlo Method
3 2 (9.52%) Test Scripting
3 2 (9.52%) Analytics
3 2 (9.52%) Migration
3 2 (9.52%) SDLC
4 1 (4.76%) Low Latency
4 1 (4.76%) Coaching
4 1 (4.76%) Electronic Trading
4 1 (4.76%) Release Management
4 1 (4.76%) Load Testing
4 1 (4.76%) Stakeholder Engagement
4 1 (4.76%) Test Strategy
4 1 (4.76%) Root Cause Analysis
Programming Languages
1 7 (33.33%) SQL
2 1 (4.76%) Python
2 1 (4.76%) Shell Script
2 1 (4.76%) C#
2 1 (4.76%) Java
2 1 (4.76%) Perl
Qualifications
1 5 (23.81%) CFA
2 1 (4.76%) Degree
2 1 (4.76%) PRINCE2 Certification
2 1 (4.76%) PMI Certification
Systems Management
1 1 (4.76%) Control-M
1 1 (4.76%) HP Quality Center
Vendors
1 11 (52.38%) Murex
2 5 (23.81%) Charles River
2 5 (23.81%) SimCorp
3 4 (19.05%) Calypso
4 2 (9.52%) Microsoft
5 1 (4.76%) Fidessa
5 1 (4.76%) SunGard
5 1 (4.76%) Bloomberg
5 1 (4.76%) Remedy
5 1 (4.76%) Wall Street Systems
5 1 (4.76%) Oracle
5 1 (4.76%) IBM