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 31 October 2014 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
31 Oct 2014
Same period 2013 Same period 2012
Sophis
Rank 609 554 537
Rank change year-on-year
-55 -17
Contract jobs citing Sophis 3 33 38
As % of all contract IT jobs located in the UK 0.005% 0.063% 0.071%
As % of the Vendors category 0.012% 0.14% 0.15%
Number of daily rates quoted 0 22 19
Average daily rate
Keep up to 90%
of your Daily Rate
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- £550 £575
Average daily rate % change year-on-year
- -4.34%
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
26037 24193 25519
As % of all contract IT jobs located in the UK 44.88% 46.22% 47.36%
Number of daily rates quoted 15267 13737 13206
Average daily rate £388 £388 £380
Average daily rate % change year-on-year
- +1.97%
90% offered a daily rate of more than £220 £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 1239 1166 1307
Average hourly rate £17.55 £17.50 £19.00
Average hourly rate % change year-on-year
+0.28% -7.89%
90% offered a hourly rate of more than £11.00 £11.00 £11.00
10% offered a hourly rate of more than £40.00 £37.50 £40.00
UK excluding London average hourly rate £17.50 £18.00 £19.00
% change year-on-year
-2.77% -5.26%

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
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 31 October 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
(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 -21 3 - - 6
England -65 3 - - 6
City of London +13 1 - -

Sophis
Top 30 Related IT Skills

For the 6 months to 31 October 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 8 (88.89%) Finance
2 7 (77.78%) Charles River
2 7 (77.78%) Test Scripting
2 7 (77.78%) Investment Management
2 7 (77.78%) SQL
2 7 (77.78%) Calypso
3 6 (66.67%) XML
4 3 (33.33%) Markit EDM
4 3 (33.33%) QlikView
5 2 (22.22%) Asset Management
5 2 (22.22%) FactSet
5 2 (22.22%) Bloomberg
5 2 (22.22%) Front Office
6 1 (11.11%) Risk Management
6 1 (11.11%) Foreign Exchange (FX)
6 1 (11.11%) Salesforce.com
6 1 (11.11%) Middleware
6 1 (11.11%) UNIX
6 1 (11.11%) Linux
6 1 (11.11%) Microsoft
6 1 (11.11%) Murex
6 1 (11.11%) VBScript
6 1 (11.11%) VB
6 1 (11.11%) VBA
6 1 (11.11%) Oracle
6 1 (11.11%) MS Office
6 1 (11.11%) Business Analysis
6 1 (11.11%) FIX Protocol
6 1 (11.11%) Market Risk
6 1 (11.11%) User Acceptance Testing

Sophis
Top Related IT Skills by Category

For the 6 months to 31 October 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 (11.11%) MS Office
Business Applications
1 3 (33.33%) Markit EDM
Database & Business Intelligence
1 3 (33.33%) QlikView
General
1 8 (88.89%) Finance
2 2 (22.22%) Front Office
3 1 (11.11%) Banking
Job Titles
1 7 (77.78%) Analyst
2 6 (66.67%) Test Analyst
3 2 (22.22%) Applications Support
4 1 (11.11%) Business Analyst
Libraries, Frameworks & Software Standards
1 6 (66.67%) XML
2 1 (11.11%) Middleware
2 1 (11.11%) FIX Protocol
Miscellaneous
1 1 (11.11%) Foreign Exchange (FX)
1 1 (11.11%) Equities
1 1 (11.11%) Market Risk
Operating Systems
1 1 (11.11%) UNIX
1 1 (11.11%) Linux
Processes & Methodologies
1 7 (77.78%) Test Scripting
1 7 (77.78%) Investment Management
2 2 (22.22%) Asset Management
3 1 (11.11%) Business Analysis
3 1 (11.11%) User Acceptance Testing
3 1 (11.11%) Risk Management
Programming Languages
1 7 (77.78%) SQL
2 1 (11.11%) VBScript
2 1 (11.11%) VB
2 1 (11.11%) VBA
Vendors
1 7 (77.78%) Calypso
1 7 (77.78%) Charles River
2 2 (22.22%) FactSet
2 2 (22.22%) Bloomberg
3 1 (11.11%) Salesforce.com
3 1 (11.11%) Oracle
3 1 (11.11%) Microsoft
3 1 (11.11%) Murex