The table below looks at the statistics for Summit skills in IT contracts advertised across the UK. Included is a guide to the contractor rates offered in IT contracts that have cited Summit over the 3 months to 30 June 2016 with a comparison to the same period over 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.

3 months to
30 Jun 2016
Same period 2015 Same period 2014
Misys FusionCapital Summit
Rank 626 603 621
Rank change year-on-year
-23 +18
Contract jobs citing Summit 21 30 10
As % of all contract IT jobs located in the UK 0.039% 0.053% 0.019%
As % of the Business Applications category 0.49% 0.64% 0.19%
Number of daily rates quoted 11 16 7
Median daily rate £475 £550 £563
Median daily rate % change year-on-year
-13.63% -2.22%
90% offered a daily rate of more than £350 £458 £480
10% offered a daily rate of more than £675 £675 £578
UK excluding London median daily rate £406 £458 £563
% change year-on-year
-11.20% -18.66%
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median hourly rate - - -

The following table is for comparison with the above and provides statistics for the entire Business Applications category in contract jobs advertised across the UK.

Business Applications Category
UK
Contract IT job ads with a match in the
Business Applications category
4277 4661 5198
As % of all contract IT jobs located in the UK 7.97% 8.31% 9.64%
Number of daily rates quoted 2614 2642 2815
Median daily rate £438 £450 £425
Median daily rate % change year-on-year
-2.77% +5.88%
90% offered a daily rate of more than £305 £295 £300
10% offered a daily rate of more than £575 £600 £600
UK excluding London median daily rate £425 £413 £400
% change year-on-year
+3.03% +3.12%
Number of hourly rates quoted 52 49 72
Median hourly rate £33.75 £22.50 £31.50
Median hourly rate % change year-on-year
+50.00% -28.57%
90% offered a hourly rate of more than £11.00 £18.00 £17.15
10% offered a hourly rate of more than £99.00 £43.00 £50.25
UK excluding London median hourly rate £35.00 £23.00 £31.50
% change year-on-year
+52.17% -26.98%

Summit
Jobs Demand Trend

The demand trend of contract jobs citing Summit as a proportion of all IT contracts with a match in the Business Applications category.

Summit Jobs Demand Trend in the UK

Summit
Daily Rate Trend

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

Summit Daily Rate Trend in the UK

Summit
Daily Rate Histogram

This chart provides a histogram of daily rates quoted in contract IT jobs citing Summit within the UK over the 3 months to 30 June 2016.

Summit Daily Rate Histogram in the UK

Summit
Hourly Rate Trend

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

Summit Hourly Rate Trend in the UK

Summit
Top 7 Contract Locations

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Summit within the UK over the 3 months to 30 June 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
(Click see detailed
statistics and trends)
Rank Change
on Same Period
Last Year
Matching
Contract
IT Job Ads
Median
Daily Rate
Last 3 Months
Median Daily Rate
% Change
on Same Period
Last Year
Live
Job
Vacancies
Scotland -2 11 £350 -23.49%
Glasgow - 11 £350 -
England -7 10 £525 -6.66% 9
London -7 7 £675 +20.00% 9
East of England +22 3 £450 -
Essex +12 3 £450 -
City of London +51 2 £650 -3.70% 9

Summit
Top 30 Related IT Skills

For the 6 months to 30 June 2016, IT contractor jobs citing Summit also mentioned the following skills in order of popularity. The figures indicate the number co-occurrences and its proportion to all contract ads with a requirement for Summit.

1 28 (51.85%) Murex
1 28 (51.85%) Finance
2 26 (48.15%) Calypso
3 20 (37.04%) SQL
3 20 (37.04%) Banking
3 20 (37.04%) Retail
4 12 (22.22%) SunGard
4 12 (22.22%) HP
4 12 (22.22%) Investment Banking
4 12 (22.22%) EMIR
5 10 (18.52%) MiFID
5 10 (18.52%) Stakeholder Management
6 9 (16.67%) Java
6 9 (16.67%) Derivative
7 8 (14.81%) Market Risk
7 8 (14.81%) Foreign Exchange (FX)
7 8 (14.81%) Migration
7 8 (14.81%) Back Office
8 7 (12.96%) AIFMD
8 7 (12.96%) Hedge funds
8 7 (12.96%) Algorithmic Trading
9 6 (11.11%) Agile Software Development
9 6 (11.11%) Project Management
9 6 (11.11%) MS Excel
9 6 (11.11%) PRINCE2
10 5 (9.26%) Fidessa
10 5 (9.26%) Change Management
10 5 (9.26%) OTC Derivatives
11 4 (7.41%) Dodd-Frank
11 4 (7.41%) MS PowerPoint

Summit
Top Related IT Skills by Category

The follow tables expand on the table above by listing co-occurrences grouped by category. The same job type, locality and period is covered with up to 20 co-occurrences shown in each of the following categories:

Application Platforms
1 2 (3.70%) SAS
2 1 (1.85%) Cloud Foundry
2 1 (1.85%) MS Exchange
2 1 (1.85%) OpenStack
Applications
1 6 (11.11%) MS Excel
2 4 (7.41%) MS PowerPoint
2 4 (7.41%) MS Project
3 3 (5.56%) MS Office
4 1 (1.85%) MS Visio
Business Applications
1 1 (1.85%) Oracle Cash Management
Cloud Services
1 1 (1.85%) Amazon AWS
1 1 (1.85%) Heroku
1 1 (1.85%) Microsoft Azure
1 1 (1.85%) PaaS
Database & Business Intelligence
1 4 (7.41%) Data Warehouse
2 2 (3.70%) MS Access
3 1 (1.85%) Apache Cassandra
3 1 (1.85%) Data Mart
3 1 (1.85%) KDB
3 1 (1.85%) Oracle Database
3 1 (1.85%) QlikView
3 1 (1.85%) Redis
3 1 (1.85%) SQL Server
Development Applications
1 3 (5.56%) JIRA
General
1 28 (51.85%) Finance
2 20 (37.04%) Banking
2 20 (37.04%) Retail
3 12 (22.22%) Investment Banking
4 8 (14.81%) Back Office
5 4 (7.41%) Front Office
6 2 (3.70%) Retail Banking
7 1 (1.85%) Financial Institution
7 1 (1.85%) Legal
7 1 (1.85%) Manufacturing
7 1 (1.85%) Telecoms
Job Titles
1 16 (29.63%) Analyst
2 13 (24.07%) Business Analyst
2 13 (24.07%) Project Manager
3 12 (22.22%) Applications Support
4 8 (14.81%) Investment Banking Business Analyst
4 8 (14.81%) Report Analyst
5 7 (12.96%) Banking Analyst
5 7 (12.96%) Regulatory Business Analyst
5 7 (12.96%) Regulatory Reporting Business Analyst
6 6 (11.11%) Developer
7 5 (9.26%) Investment Banking Project Manager
7 5 (9.26%) Java Developer
7 5 (9.26%) Lead Developer
7 5 (9.26%) Lead Java Developer
8 3 (5.56%) IT Manager
8 3 (5.56%) IT Project Manager
9 2 (3.70%) Consultant
9 2 (3.70%) Finance Project Manager
9 2 (3.70%) IT Finance Manager
9 2 (3.70%) Support Analyst
Libraries, Frameworks & Software Standards
1 3 (5.56%) .NET
1 3 (5.56%) XML
2 2 (3.70%) JMS
3 1 (1.85%) FpML
3 1 (1.85%) Murex MxML
3 1 (1.85%) RabbitMQ
3 1 (1.85%) Web Services
Miscellaneous
1 9 (16.67%) Derivative
2 8 (14.81%) Foreign Exchange (FX)
2 8 (14.81%) Market Risk
3 7 (12.96%) Hedge funds
4 5 (9.26%) OTC Derivatives
5 3 (5.56%) Analytical Skills
5 3 (5.56%) Fixed Income
6 1 (1.85%) Interest Rate Derivative
6 1 (1.85%) User Experience
Operating Systems
1 3 (5.56%) Unix
1 3 (5.56%) Windows
2 1 (1.85%) Windows Server
Processes & Methodologies
1 10 (18.52%) Stakeholder Management
2 8 (14.81%) Migration
3 7 (12.96%) Algorithmic Trading
4 6 (11.11%) Agile Software Development
4 6 (11.11%) PRINCE2
4 6 (11.11%) Project Management
5 5 (9.26%) Change Management
6 3 (5.56%) Business Analysis
6 3 (5.56%) Cash Management
6 3 (5.56%) Risk Management
6 3 (5.56%) SDLC
7 2 (3.70%) Change Control
7 2 (3.70%) Programme Management
7 2 (3.70%) Quality Management
7 2 (3.70%) Software Delivery
7 2 (3.70%) Stakeholder and Relationship Management
7 2 (3.70%) Supplier Management
7 2 (3.70%) Target Operating Model
8 1 (1.85%) ITIL
8 1 (1.85%) Risk Assessment
Programming Languages
1 20 (37.04%) SQL
2 9 (16.67%) Java
3 1 (1.85%) Bash Shell
3 1 (1.85%) C
3 1 (1.85%) Go
3 1 (1.85%) Ruby
Qualifications
1 1 (1.85%) Degree
Quality Assurance & Compliance
1 12 (22.22%) EMIR
2 10 (18.52%) MiFID
3 7 (12.96%) AIFMD
4 4 (7.41%) Dodd-Frank
5 2 (3.70%) SLA
6 1 (1.85%) FATCA
System Software
1 1 (1.85%) VMware Infrastructure
1 1 (1.85%) vSphere
Vendors
1 28 (51.85%) Murex
2 26 (48.15%) Calypso
3 12 (22.22%) HP
3 12 (22.22%) SunGard
4 5 (9.26%) Fidessa
5 3 (5.56%) Oracle
6 1 (1.85%) Bloomberg
6 1 (1.85%) CheckPoint
6 1 (1.85%) Cisco
6 1 (1.85%) IBM
6 1 (1.85%) ION Trading
6 1 (1.85%) Microsoft
6 1 (1.85%) Misys
6 1 (1.85%) Reuters
6 1 (1.85%) VMware
6 1 (1.85%) Yolus