The table below looks at the statistics for Summit skills in IT contracts advertised across the UK. Included is a guide to the average contractor rates offered in IT contracts that have cited Summit over the 3 months to 28 April 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.

3 months to
28 Apr 2016
Same period 2015 Same period 2014
Misys FusionCapital Summit
Rank 614 622 608
Rank change year-on-year
+8 -14
Contract jobs citing Summit 30 19 22
As % of all contract IT jobs located in the UK 0.054% 0.034% 0.040%
As % of the Business Applications category 0.70% 0.41% 0.44%
Number of daily rates quoted 13 13 16
Average daily rate £650 £600 £588
Average daily rate % change year-on-year
+8.33% +2.12%
90% offered a daily rate of more than £364 £550 £544
10% offered a daily rate of more than £695 £735 £700
UK excluding London average daily rate £485 - £563
Number of hourly rates quoted 0 0 1
Average hourly rate - - £35.00
UK excluding London average hourly rate - - £35.00

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
4311 4586 4969
As % of all contract IT jobs located in the UK 7.72% 8.23% 9.11%
Number of daily rates quoted 2654 2554 2797
Average daily rate £440 £440 £425
Average daily rate % change year-on-year
- +3.52%
90% offered a daily rate of more than £300 £300 £288
10% offered a daily rate of more than £591 £600 £600
UK excluding London average daily rate £425 £420 £400
% change year-on-year
+1.19% +5.00%
Number of hourly rates quoted 43 30 46
Average hourly rate £26.00 £30.00 £34.00
Average hourly rate % change year-on-year
-13.33% -11.76%
90% offered a hourly rate of more than £9.00 £16.00 £14.55
10% offered a hourly rate of more than £50.00 £60.16 £53.25
UK excluding London average hourly rate £27.50 £32.00 £37.50
% change year-on-year
-14.06% -14.65%

Summit
Jobs Demand Trend

This chart provides the 3-month moving total of IT contractor jobs citing Summit within the UK as a proportion of the total demand within 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 28 April 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 11 Contract Locations

The table below looks at the demand and provides a guide to the average contractor rates quoted in IT jobs citing Summit within the UK over the 3 months to 28 April 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
England -14 27 £600 - 10
London +4 23 £675 +12.50% 9
City of London +41 4 £575 +2.22% 6
Glasgow - 3 £700 -
Scotland - 3 £700 -
Yorkshire - 2 £331 -
Halifax - 2 £331 -
West Yorkshire - 2 £331 -
North West - 1 £450 - 1
South East - 1 £520 -
Docklands, London - 1 £600 -

Summit
Top 30 Related IT Skills

For the 6 months to 28 April 2016, IT contractor jobs within the UK citing Summit 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 Summit.

1 47 (77.05%) Murex
2 45 (73.77%) Calypso
3 30 (49.18%) Banking
4 25 (40.98%) Investment Banking
5 22 (36.07%) Derivative
6 18 (29.51%) Finance
6 18 (29.51%) MiFID
6 18 (29.51%) EMIR
7 14 (22.95%) Market Risk
7 14 (22.95%) Back Office
8 13 (21.31%) Migration
8 13 (21.31%) Foreign Exchange (FX)
8 13 (21.31%) Algorithmic Trading
8 13 (21.31%) Hedge funds
8 13 (21.31%) AIFMD
9 12 (19.67%) Stakeholder Management
10 11 (18.03%) Front Office
11 9 (14.75%) Change Management
11 9 (14.75%) Retail
12 8 (13.11%) User Acceptance Testing
12 8 (13.11%) Risk Management
12 8 (13.11%) Java
13 7 (11.48%) XML
13 7 (11.48%) SLA
13 7 (11.48%) Project Management
13 7 (11.48%) Programme Management
14 6 (9.84%) Interest Rate Derivative
14 6 (9.84%) Integration Testing
14 6 (9.84%) Release Management
14 6 (9.84%) Data Migration

Summit
Top Related IT Skills by Category

For the 6 months to 28 April 2016, IT contractor jobs within the UK citing Summit 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 Summit. Up to 20 skills are shown per category.

Application Platforms
1 2 (3.28%) SAS
2 1 (1.64%) Cloud Foundry
2 1 (1.64%) MS Exchange
2 1 (1.64%) OpenStack
Applications
1 2 (3.28%) MS Excel
Business Applications
1 1 (1.64%) Oracle Cash Management
Cloud Services
1 1 (1.64%) Amazon AWS
1 1 (1.64%) Heroku
1 1 (1.64%) Microsoft Azure
1 1 (1.64%) PaaS
Database & Business Intelligence
1 4 (6.56%) Data Warehouse
2 2 (3.28%) MS Access
3 1 (1.64%) Apache Cassandra
3 1 (1.64%) Data Mart
3 1 (1.64%) Oracle Database
3 1 (1.64%) QlikView
3 1 (1.64%) Redis
3 1 (1.64%) SQL Server
Development Applications
1 1 (1.64%) JIRA
General
1 30 (49.18%) Banking
2 25 (40.98%) Investment Banking
3 18 (29.51%) Finance
4 14 (22.95%) Back Office
5 11 (18.03%) Front Office
6 9 (14.75%) Retail
7 2 (3.28%) Manufacturing
7 2 (3.28%) Telecoms
8 1 (1.64%) Financial Institution
8 1 (1.64%) Legal
8 1 (1.64%) Retail Banking
Job Titles
1 25 (40.98%) Analyst
2 23 (37.70%) Business Analyst
3 20 (32.79%) Project Manager
4 16 (26.23%) Investment Banking Business Analyst
5 15 (24.59%) Banking Analyst
6 14 (22.95%) Report Analyst
7 13 (21.31%) Regulatory Business Analyst
7 13 (21.31%) Regulatory Reporting Business Analyst
8 9 (14.75%) Investment Banking Project Manager
9 6 (9.84%) Murex Project Manager
10 5 (8.20%) Developer
11 4 (6.56%) Java Developer
11 4 (6.56%) Lead Developer
11 4 (6.56%) Lead Java Developer
11 4 (6.56%) Project Analyst
12 3 (4.92%) Business Manager
12 3 (4.92%) Business Project Manager
12 3 (4.92%) Derivatives Project Manager
12 3 (4.92%) Electronic Trading Project Manager
13 2 (3.28%) Senior Business Analyst
Libraries, Frameworks & Software Standards
1 7 (11.48%) XML
2 6 (9.84%) JMS
3 1 (1.64%) FpML
3 1 (1.64%) Murex MxML
3 1 (1.64%) RabbitMQ
3 1 (1.64%) Web Services
Miscellaneous
1 22 (36.07%) Derivative
2 14 (22.95%) Market Risk
3 13 (21.31%) Foreign Exchange (FX)
3 13 (21.31%) Hedge funds
4 6 (9.84%) Interest Rate Derivative
5 4 (6.56%) Fixed Income
6 1 (1.64%) Analytical Skills
6 1 (1.64%) Contract for Difference
6 1 (1.64%) Data Centre
6 1 (1.64%) Swaptions
6 1 (1.64%) User Experience
Operating Systems
1 2 (3.28%) Unix
1 2 (3.28%) Windows
2 1 (1.64%) Windows Server
Processes & Methodologies
1 13 (21.31%) Algorithmic Trading
1 13 (21.31%) Migration
2 12 (19.67%) Stakeholder Management
3 9 (14.75%) Change Management
4 8 (13.11%) Risk Management
4 8 (13.11%) User Acceptance Testing
5 7 (11.48%) Programme Management
5 7 (11.48%) Project Management
6 6 (9.84%) Data Migration
6 6 (9.84%) Integration Testing
6 6 (9.84%) Release Management
7 5 (8.20%) Business Analysis
7 5 (8.20%) Electronic Trading
7 5 (8.20%) Requirements Analysis
8 4 (6.56%) Agile Software Development
8 4 (6.56%) Technical Architecture
9 3 (4.92%) Cash Management
9 3 (4.92%) PRINCE2
9 3 (4.92%) SDLC
10 2 (3.28%) Target Operating Model
Programming Languages
1 8 (13.11%) Java
2 6 (9.84%) SQL
3 1 (1.64%) Bash Shell
3 1 (1.64%) C
3 1 (1.64%) Go
3 1 (1.64%) Ruby
Qualifications
1 1 (1.64%) Degree
Quality Assurance & Compliance
1 18 (29.51%) EMIR
1 18 (29.51%) MiFID
2 13 (21.31%) AIFMD
3 7 (11.48%) SLA
4 4 (6.56%) Dodd-Frank
5 1 (1.64%) FATCA
System Software
1 1 (1.64%) VMware Infrastructure
1 1 (1.64%) vSphere
Vendors
1 47 (77.05%) Murex
2 45 (73.77%) Calypso
3 4 (6.56%) Fidessa
4 3 (4.92%) Bloomberg
5 2 (3.28%) HP
5 2 (3.28%) Oracle
5 2 (3.28%) SunGard
6 1 (1.64%) CheckPoint
6 1 (1.64%) Cisco
6 1 (1.64%) IBM
6 1 (1.64%) Microsoft
6 1 (1.64%) Misys
6 1 (1.64%) Reuters
6 1 (1.64%) VMware
London
Westbourne Partners
Rate: From £300 to £550 per day
Posted: 2 days ago
North West England
Real Staffing
Rate: competitive
Posted: 24 days ago