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 July 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 Jul 2016
Same period 2015 Same period 2014
Misys FusionCapital Summit
Rank 637 635 625
Rank change year-on-year
-2 -10
Contract jobs citing Summit 24 28 13
As % of all contract IT jobs located in the UK 0.045% 0.049% 0.024%
As % of the Business Applications category 0.54% 0.59% 0.24%
Number of daily rates quoted 12 15 8
Median daily rate £513 £550 £523
Median daily rate % change year-on-year
-6.81% +5.26%
90% offered a daily rate of more than £351 £450 £285
10% offered a daily rate of more than £698 £675 £563
UK excluding London median daily rate £406 £458 £376
% change year-on-year
-11.20% +21.59%
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
4413 4771 5440
As % of all contract IT jobs located in the UK 8.20% 8.36% 9.94%
Number of daily rates quoted 2635 2710 2861
Median daily rate £438 £450 £428
Median daily rate % change year-on-year
-2.77% +5.26%
90% offered a daily rate of more than £300 £288 £288
10% offered a daily rate of more than £575 £600 £575
UK excluding London median daily rate £425 £425 £422
% change year-on-year
- +0.73%
Number of hourly rates quoted 55 61 76
Median hourly rate £38.00 £22.50 £31.50
Median hourly rate % change year-on-year
+68.88% -28.57%
90% offered a hourly rate of more than £10.24 £12.50 £17.50
10% offered a hourly rate of more than £99.00 £50.37 £46.00
UK excluding London median hourly rate £38.00 £22.50 £30.75
% change year-on-year
+68.88% -26.82%

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 July 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 July 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
England +6 15 £550 - 10
London -15 12 £638 +15.90% 9
Scotland +9 9 £350 -23.49%
Glasgow - 9 £350 -
East of England +23 3 £450 -
Essex +3 3 £450 -
City of London +47 2 £700 +3.70% 8

Summit
Top 30 Related IT Skills

For the 6 months to 30 July 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 33 (61.11%) Finance
2 31 (57.41%) Calypso
3 29 (53.70%) Murex
4 24 (44.44%) Banking
5 21 (38.89%) SQL
6 19 (35.19%) Retail
7 14 (25.93%) EMIR
8 12 (22.22%) SunGard
8 12 (22.22%) HP
8 12 (22.22%) Investment Banking
9 10 (18.52%) Java
9 10 (18.52%) MiFID
9 10 (18.52%) Market Risk
10 9 (16.67%) Agile Software Development
10 9 (16.67%) Stakeholder Management
11 8 (14.81%) Migration
11 8 (14.81%) Foreign Exchange (FX)
12 7 (12.96%) Front Office
12 7 (12.96%) Back Office
12 7 (12.96%) Business Analysis
12 7 (12.96%) Hedge funds
12 7 (12.96%) JIRA
12 7 (12.96%) Derivative
13 6 (11.11%) Algorithmic Trading
13 6 (11.11%) Risk Management
13 6 (11.11%) Change Management
13 6 (11.11%) Project Management
13 6 (11.11%) MS Excel
13 6 (11.11%) PRINCE2
13 6 (11.11%) Unix

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%) MS Exchange
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
Database & Business Intelligence
1 4 (7.41%) Data Warehouse
2 2 (3.70%) MS Access
3 1 (1.85%) Data Mart
3 1 (1.85%) KDB
3 1 (1.85%) QlikView
3 1 (1.85%) SQL Server
Development Applications
1 7 (12.96%) JIRA
General
1 33 (61.11%) Finance
2 24 (44.44%) Banking
3 19 (35.19%) Retail
4 12 (22.22%) Investment Banking
5 7 (12.96%) Back Office
5 7 (12.96%) Front Office
6 3 (5.56%) Financial Institution
7 1 (1.85%) French Language
7 1 (1.85%) Legal
7 1 (1.85%) Manufacturing
7 1 (1.85%) Retail Banking
7 1 (1.85%) Telecoms
Job Titles
1 17 (31.48%) Analyst
2 15 (27.78%) Business Analyst
3 14 (25.93%) Project Manager
4 11 (20.37%) Applications Support
5 7 (12.96%) Investment Banking Business Analyst
6 6 (11.11%) Banking Analyst
6 6 (11.11%) Developer
6 6 (11.11%) Java Developer
6 6 (11.11%) Regulatory Business Analyst
6 6 (11.11%) Regulatory Reporting Business Analyst
6 6 (11.11%) Report Analyst
7 5 (9.26%) IT Manager
7 5 (9.26%) IT Project Manager
7 5 (9.26%) Lead Developer
7 5 (9.26%) Lead Java Developer
8 4 (7.41%) Investment Banking Project Manager
9 2 (3.70%) Data Business Analyst
9 2 (3.70%) Finance Manager
9 2 (3.70%) IT Analyst
9 2 (3.70%) Risk Manager
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
Miscellaneous
1 10 (18.52%) Market Risk
2 8 (14.81%) Foreign Exchange (FX)
3 7 (12.96%) Derivative
3 7 (12.96%) Hedge funds
4 4 (7.41%) Fixed Income
4 4 (7.41%) OTC Derivatives
5 2 (3.70%) Analytical Skills
Operating Systems
1 6 (11.11%) Unix
2 2 (3.70%) Windows
3 1 (1.85%) Windows Server
Processes & Methodologies
1 9 (16.67%) Agile Software Development
1 9 (16.67%) Stakeholder Management
2 8 (14.81%) Migration
3 7 (12.96%) Business Analysis
4 6 (11.11%) Algorithmic Trading
4 6 (11.11%) Change Management
4 6 (11.11%) PRINCE2
4 6 (11.11%) Project Management
4 6 (11.11%) Risk Management
5 5 (9.26%) Collateral Management
6 4 (7.41%) Data Analysis
7 3 (5.56%) Cash Management
7 3 (5.56%) SDLC
8 2 (3.70%) Change Control
8 2 (3.70%) Issue Tracking
8 2 (3.70%) Project Governance
8 2 (3.70%) Software Delivery
8 2 (3.70%) Target Operating Model
8 2 (3.70%) Translating Business Requirements
8 2 (3.70%) Waterfall
Programming Languages
1 21 (38.89%) SQL
2 10 (18.52%) Java
3 1 (1.85%) C
Qualifications
1 5 (9.26%) Degree
Quality Assurance & Compliance
1 14 (25.93%) EMIR
2 10 (18.52%) MiFID
3 6 (11.11%) AIFMD
4 5 (9.26%) FATCA
5 4 (7.41%) QA
6 3 (5.56%) Dodd-Frank
7 2 (3.70%) SLA
System Software
1 1 (1.85%) VMware Infrastructure
Vendors
1 31 (57.41%) Calypso
2 29 (53.70%) Murex
3 12 (22.22%) HP
3 12 (22.22%) SunGard
4 5 (9.26%) Fidessa
4 5 (9.26%) IBM
5 2 (3.70%) Oracle
6 1 (1.85%) Bloomberg
6 1 (1.85%) CheckPoint
6 1 (1.85%) Cisco
6 1 (1.85%) ION Trading
6 1 (1.85%) Microsoft
6 1 (1.85%) Reuters
6 1 (1.85%) Sophis
6 1 (1.85%) VMware
6 1 (1.85%) Yolus