Permanent IT Jobs Contract IT Jobs

The first part of the 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 19 March 2010 with a comparison to the same period in the previous 2 years. The second part of the table is for comparison and provides aggregates for all Vendors currently tracked.

LinkSophis
Location
3 months to
19 Mar 2010
Same period 2009Same period 2008
Rank408333485
Rank change year-on-year
Down-75Up+152
Matching contract IT job ads85108115
As % of all contract IT jobs located in the UK0.176 %0.274 %0.140 %
As % of the Vendors category0.401 %0.620 %0.323 %
Daily rates quoted542549
Average daily rate£600£475£600
Average daily rate % change year-on-year
+26.31 %-20.83 %
90% of contracts offered a daily rate of more than£533£435£400
10% of contracts offered a daily rate of more than£700£655£815
UK excluding London average daily rate--£375
Hourly rates quoted010
Average hourly rate-£26.50-
UK excluding London average hourly rate---
IT Contractor Job Market, Vendors CategoryAll Vendors
UK
Contract IT job ads with a match in the
Vendors category
211921741035634
As % of all contract IT jobs located in the UK43.87 %44.13 %43.35 %
Daily rates quoted9143508310163
Average daily rate£400£375£400
Average daily rate % change year-on-year
+6.660 %-6.250 %
90% of contracts offered a daily rate of more than£230£220£250
10% of contracts offered a daily rate of more than£575£525£600
UK excluding London average daily rate£330£350£360
% change year-on-year
-5.710 %-2.770 %
Hourly rates quoted121613663140
Average hourly rate£20.00£21.50£21.00
Average hourly rate % change year-on-year
-6.970 %+2.380 %
90% of contracts offered a hourly rate of more than£10.46£11.50£12.00
10% of contracts offered a hourly rate of more than£36.46£40.00£40.00
UK excluding London average hourly rate£19.00£21.00£20.00
% change year-on-year
-9.520 %+5.000 %

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.

These figures represent the IT job market and are NOT representative of employment within Sophis.

Sophis
Demand Trend

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

Sophis Demand Trend

Sophis
Daily Rate Trend

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

Sophis Daily Rate Trend

Sophis
Daily Rate Histogram

The chart provides a histogram of daily rates quoted in contract IT jobs citing Sophis within the UK over the 3 months to 19 March 2010.

Sophis Daily Rate Histogram

Sophis
Hourly Rate Trend

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

Sophis Hourly Rate Trend

Sophis
Top 5 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 19 March 2010. The 'Rank Change' column provides an indication of the change in demand within each location based on the same 3 month period last year.

LocationRank 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
EnglandDown-6785£600+26.31 %
LondonDown-8685£600+26.31 %
City of LondonDown-6322£625+13.63 %
Canary WharfDown-2016£650-
Docklands, LondonDown-162£550+22.22 %

Sophis
Top 30 Related IT Skills

For the 6 months to 19 March 2010, 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.

196 (58.90 %)Derivative
288 (53.99 %)Equity Derivative
359 (36.20 %)Front Office
451 (31.29 %)Banking
546 (28.22 %)SQL
645 (27.61 %)Investment Banking
741 (25.15 %)Finance
836 (22.09 %)C++
934 (20.86 %)Sophis RISQUE
1032 (19.63 %)Calypso
1130 (18.40 %)Business Analysis
1227 (16.56 %)Oracle
1326 (15.95 %)VBA
1326 (15.95 %)Back Office
1425 (15.34 %)Equities
1425 (15.34 %)Murex
1522 (13.50 %)Java
1621 (12.88 %)UNIX
1621 (12.88 %)Migration
1621 (12.88 %)User Acceptance Testing
1720 (12.27 %)C#
1818 (11.04 %)Fidessa
1818 (11.04 %)Project Management
1917 (10.43 %)Risk Management
2016 (9.816 %)Fixed Income
2115 (9.202 %)Charles River
2115 (9.202 %)XML
2214 (8.589 %)Asset Management
2214 (8.589 %)Sophis VALUE
2312 (7.362 %)Sophis Toolkit

Sophis
Top Related IT Skills by Category

For the 6 months to 19 March 2010, 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.

IT Contractor Job Market, Application Development CategoryApplication Development
115 (9.202 %)XML
212 (7.362 %)Sophis Toolkit
38 (4.908 %)Middleware
43 (1.840 %).NET
51 (0.613 %)STL
51 (0.613 %)XML Schema
51 (0.613 %)WinForms
51 (0.613 %)WCF
51 (0.613 %)WPF
51 (0.613 %)Silverlight
IT Contractor Job Market, Applications CategoryApplications
13 (1.840 %)Spreadsheet
22 (1.227 %)MS Excel
31 (0.613 %)MS Project
31 (0.613 %)MS Visio
31 (0.613 %)MS PowerPoint
IT Contractor Job Market, Business Applications CategoryBusiness Applications
134 (20.86 %)Sophis RISQUE
214 (8.589 %)Sophis VALUE
311 (6.748 %)Summit
49 (5.521 %)Global One
52 (1.227 %)Front Arena
61 (0.613 %)Murex MxG2000
61 (0.613 %)RMDS
61 (0.613 %)Loanet
IT Contractor Job Market, Communications & Networking CategoryCommunications & Networking
11 (0.613 %)FTP
IT Contractor Job Market, Database & Business Intelligence CategoryDatabase & Business Intelligence
19 (5.521 %)SQL Server
24 (2.454 %)RDBMS
31 (0.613 %)Datawarehouse
31 (0.613 %)Oracle 8/8i
31 (0.613 %)SQL Server 2005
IT Contractor Job Market, Development Applications CategoryDevelopment Applications
11 (0.613 %)Ant
IT Contractor Job Market, General CategoryGeneral
159 (36.20 %)Front Office
251 (31.29 %)Banking
345 (27.61 %)Investment Banking
441 (25.15 %)Finance
526 (15.95 %)Back Office
67 (4.294 %)Financial Institution
74 (2.454 %)General Ledger
81 (0.613 %)International Banking
81 (0.613 %)Education
IT Contractor Job Market, Job Titles CategoryJob Titles
189 (54.60 %)Analyst
278 (47.85 %)Business Analyst
341 (25.15 %)Sophis Business Analyst
437 (22.70 %)Developer
533 (20.25 %)Sophis Developer
614 (8.589 %)Equity Derivatives Business Analyst
711 (6.748 %)Banking Business Analyst
711 (6.748 %)Investment Banking Business Analyst
89 (5.521 %)Senior Analyst
89 (5.521 %)Support Analyst
89 (5.521 %)Senior Business Analyst
97 (4.294 %)Applications Support
97 (4.294 %)Team Leader
105 (3.067 %)Project Manager
105 (3.067 %)C++ Developer
113 (1.840 %)Credit Risk Business Analyst
113 (1.840 %)Risk Analyst
113 (1.840 %)Credit Analyst
113 (1.840 %)Equity Analyst
113 (1.840 %)Java Developer
IT Contractor Job Market, Miscellaneous CategoryMiscellaneous
196 (58.90 %)Derivative
288 (53.99 %)Equity Derivative
325 (15.34 %)Equities
416 (9.816 %)Fixed Income
512 (7.362 %)Foreign Exchange (FX)
610 (6.135 %)Market Risk
76 (3.681 %)Contract for Difference
85 (3.067 %)Credit Risk
92 (1.227 %)French Language
92 (1.227 %)Multithreading
92 (1.227 %)Grid Computing
101 (0.613 %)Exotic Derivative
IT Contractor Job Market, Operating Systems CategoryOperating Systems
121 (12.88 %)UNIX
26 (3.681 %)Windows
32 (1.227 %)Windows 2000 Server
32 (1.227 %)Windows Server 2003
41 (0.613 %)Solaris
IT Contractor Job Market, Processes & Methodologies CategoryProcesses & Methodologies
130 (18.40 %)Business Analysis
221 (12.88 %)Migration
221 (12.88 %)User Acceptance Testing
318 (11.04 %)Project Management
417 (10.43 %)Risk Management
514 (8.589 %)Asset Management
69 (5.521 %)Release Management
76 (3.681 %)GAP Analysis
76 (3.681 %)SOA
76 (3.681 %)UML
76 (3.681 %)RAD
84 (2.454 %)Workflow
93 (1.840 %)Business Intelligence
93 (1.840 %)Change Management
93 (1.840 %)Validation
102 (1.227 %)Product Management
102 (1.227 %)Business Development
102 (1.227 %)Test Scripting
102 (1.227 %)Data Migration
102 (1.227 %)Monte Carlo Method
IT Contractor Job Market, Programming Languages CategoryProgramming Languages
146 (28.22 %)SQL
236 (22.09 %)C++
326 (15.95 %)VBA
422 (13.50 %)Java
520 (12.27 %)C#
68 (4.908 %)VC++
77 (4.294 %)C
77 (4.294 %)Perl
86 (3.681 %)PL/SQL
94 (2.454 %)VB
102 (1.227 %)Shell Script
102 (1.227 %)VB.NET
IT Contractor Job Market, Qualifications CategoryQualifications
17 (4.294 %)Degree
24 (2.454 %)CIMA
33 (1.840 %)ACCA
42 (1.227 %)Microsoft Certification
42 (1.227 %)MCP
51 (0.613 %)ISEB
IT Contractor Job Market, Quality Assurance & Compliance CategoryQuality Assurance & Compliance
11 (0.613 %)SLA
IT Contractor Job Market, System Software CategorySystem Software
11 (0.613 %)Veritas Volume Manager
IT Contractor Job Market, Systems Management CategorySystems Management
11 (0.613 %)Tivoli
IT Contractor Job Market, Vendors CategoryVendors
132 (19.63 %)Calypso
227 (16.56 %)Oracle
325 (15.34 %)Murex
418 (11.04 %)Fidessa
515 (9.202 %)Charles River
66 (3.681 %)Sybase
73 (1.840 %)Bloomberg
73 (1.840 %)OpenLink
73 (1.840 %)Microsoft
82 (1.227 %)Cognos
91 (0.613 %)TIBCO
91 (0.613 %)Veritas
91 (0.613 %)DataSynapse
91 (0.613 %)LatentZero
91 (0.613 %)Microgen
91 (0.613 %)Triple Point
91 (0.613 %)thinkFolio