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 8 February 2016 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 Misys FusionCapital Sophis.

Location
3 months to
8 Feb 2016
Same period 2015 Same period 2014
Sophis
Rank 614 600 571
Rank change year-on-year
-14 -29
Contract jobs citing Sophis 14 9 11
As % of all contract IT jobs located in the UK 0.027% 0.017% 0.023%
As % of the Vendors category 0.063% 0.038% 0.050%
Number of daily rates quoted 10 7 6
Average daily rate £500 £550 £563
Average daily rate % change year-on-year
-9.09% -2.22%
90% offered a daily rate of more than £485 £413 £525
10% offered a daily rate of more than £700 £600 £625
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
22140 23572 22103
As % of all contract IT jobs located in the UK 43.04% 45.69% 45.51%
Number of daily rates quoted 13204 13718 12166
Average daily rate £400 £400 £388
Average daily rate % change year-on-year
- +3.22%
90% offered a daily rate of more than £233 £225 £220
10% offered a daily rate of more than £560 £550 £550
UK excluding London average daily rate £375 £375 £350
% change year-on-year
- +7.14%
Number of hourly rates quoted 871 988 963
Average hourly rate £22.50 £17.50 £17.00
Average hourly rate % change year-on-year
+28.57% +2.94%
90% offered a hourly rate of more than £11.50 £11.50 £11.00
10% offered a hourly rate of more than £55.00 £39.55 £40.00
UK excluding London average hourly rate £22.50 £17.40 £16.50
% change year-on-year
+29.31% +5.45%

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 8 February 2016.

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 8 February 2016. 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 14 £500 -9.09% 3
England -6 14 £500 -9.09% 3
City of London +49 2 £498 -10.56% 2

Sophis
Top 30 Related IT Skills

For the 6 months to 8 February 2016, 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 12 (80.00%) SQL
2 11 (73.33%) Murex
3 10 (66.67%) Calypso
3 10 (66.67%) Windows
3 10 (66.67%) PowerShell
3 10 (66.67%) Relational Database
4 8 (53.33%) Risk Management
5 7 (46.67%) Back Office
5 7 (46.67%) Release Management
6 6 (40.00%) Banking
7 5 (33.33%) Market Risk
8 4 (26.67%) Front Office
8 4 (26.67%) Finance
8 4 (26.67%) Investment Banking
9 2 (13.33%) Equities
10 1 (6.67%) Programme Management
10 1 (6.67%) TDD
10 1 (6.67%) ActiveMQ
10 1 (6.67%) InterSystems Cache
10 1 (6.67%) Spring
10 1 (6.67%) SunGard Martini
10 1 (6.67%) Derivative
10 1 (6.67%) Equity Derivative
10 1 (6.67%) Degree
10 1 (6.67%) MiFID
10 1 (6.67%) FIX Protocol
10 1 (6.67%) Oracle Coherence
10 1 (6.67%) Mathematics
10 1 (6.67%) French Language
10 1 (6.67%) Electronic Trading

Sophis
Top Related IT Skills by Category

For the 6 months to 8 February 2016, 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.

Application Platforms
1 1 (6.67%) Oracle Coherence
Business Applications
1 1 (6.67%) Global One
1 1 (6.67%) SunGard Martini
Database & Business Intelligence
1 10 (66.67%) Relational Database
2 1 (6.67%) InterSystems Cache
2 1 (6.67%) OLAP
2 1 (6.67%) RDBMS
General
1 7 (46.67%) Back Office
2 6 (40.00%) Banking
3 4 (26.67%) Finance
3 4 (26.67%) Front Office
3 4 (26.67%) Investment Banking
4 1 (6.67%) French Language
Job Titles
1 10 (66.67%) Analyst
2 7 (46.67%) Support Analyst
3 6 (40.00%) Applications Support
4 4 (26.67%) Business Support Analyst
5 3 (20.00%) Applications Support Analyst
5 3 (20.00%) Murex Analyst
5 3 (20.00%) Murex Support
5 3 (20.00%) Murex Support Analyst
5 3 (20.00%) SQL Analyst
5 3 (20.00%) SQL Support Analyst
6 2 (13.33%) Risk Analyst
7 1 (6.67%) Banking Analyst
7 1 (6.67%) Financial Analyst
7 1 (6.67%) IT Analyst
7 1 (6.67%) IT Support
7 1 (6.67%) IT Support Analyst
7 1 (6.67%) MiFID Programme Manager
7 1 (6.67%) Qualitative Analyst
7 1 (6.67%) Risk Consultant
7 1 (6.67%) Sophis Consultant
Libraries, Frameworks & Software Standards
1 1 (6.67%) ActiveMQ
1 1 (6.67%) FIX Protocol
1 1 (6.67%) Hibernate
1 1 (6.67%) JMS
1 1 (6.67%) JPA
1 1 (6.67%) Spring
1 1 (6.67%) Spring Integration
1 1 (6.67%) Web Services
Miscellaneous
1 5 (33.33%) Market Risk
2 2 (13.33%) Equities
3 1 (6.67%) Analytical Skills
3 1 (6.67%) Derivative
3 1 (6.67%) Enterprise Software
3 1 (6.67%) Equity Derivative
3 1 (6.67%) Foreign Exchange (FX)
3 1 (6.67%) Mathematics
Operating Systems
1 10 (66.67%) Windows
2 1 (6.67%) Linux
Processes & Methodologies
1 8 (53.33%) Risk Management
2 7 (46.67%) Release Management
3 1 (6.67%) Analytics
3 1 (6.67%) Electronic Trading
3 1 (6.67%) OO
3 1 (6.67%) Process Management
3 1 (6.67%) Programme Management
3 1 (6.67%) Regression Testing
3 1 (6.67%) TDD
3 1 (6.67%) Test Automation
3 1 (6.67%) Validation
Programming Languages
1 12 (80.00%) SQL
2 10 (66.67%) PowerShell
3 1 (6.67%) C++
3 1 (6.67%) Java
3 1 (6.67%) PL/SQL
Qualifications
1 1 (6.67%) Degree
Quality Assurance & Compliance
1 1 (6.67%) MiFID
Vendors
1 11 (73.33%) Murex
2 10 (66.67%) Calypso
3 1 (6.67%) Fidessa
3 1 (6.67%) Oracle
3 1 (6.67%) SunGard
London
TEKsystems
Rate: £650 - £750 per day
Posted: 6 days ago