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 10 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.

Location
3 months to
10 Feb 2016
Same period 2015 Same period 2014
Misys FusionCapital Summit
Rank 595 589 558
Rank change year-on-year
-6 -31
Contract jobs citing Summit 31 23 30
As % of all contract IT jobs located in the UK 0.060% 0.044% 0.060%
As % of the Business Applications category 0.76% 0.48% 0.63%
Number of daily rates quoted 11 20 24
Average daily rate £630 £563 £550
Average daily rate % change year-on-year
+12.00% +2.27%
90% offered a daily rate of more than £375 £525 £500
10% offered a daily rate of more than £700 £655 £650
UK excluding London average daily rate £700 - £606
Number of hourly rates quoted 0 0 2
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
4097 4813 4744
As % of all contract IT jobs located in the UK 7.96% 9.29% 9.54%
Number of daily rates quoted 2407 2729 2442
Average daily rate £438 £446 £438
Average daily rate % change year-on-year
-1.96% +2.00%
90% offered a daily rate of more than £300 £300 £279
10% offered a daily rate of more than £600 £600 £600
UK excluding London average daily rate £425 £425 £415
% change year-on-year
- +2.40%
Number of hourly rates quoted 63 38 59
Average hourly rate £39.14 £30.00 £27.53
Average hourly rate % change year-on-year
+30.45% +8.97%
90% offered a hourly rate of more than £12.75 £13.00 £15.15
10% offered a hourly rate of more than £69.07 £59.57 £59.90
UK excluding London average hourly rate £38.50 £17.75 £35.00
% change year-on-year
+116.90% -49.28%

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 10 February 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 8 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 10 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
England +3 29 £575 +2.22% 2
London +12 28 £603 +7.11% 1
City of London +36 6 £675 +22.72% 1
Glasgow - 2 £700 -
Scotland - 2 £700 -
Bournemouth - 1 £375 -
Dorset - 1 £375 -
South West - 1 £375 -

Summit
Top 30 Related IT Skills

For the 6 months to 10 February 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 44 (70.97%) Murex
2 43 (69.35%) Banking
3 39 (62.90%) Calypso
4 30 (48.39%) Investment Banking
5 29 (46.77%) EMIR
6 22 (35.48%) MiFID
7 18 (29.03%) Algorithmic Trading
7 18 (29.03%) Market Risk
7 18 (29.03%) Hedge funds
7 18 (29.03%) Derivative
7 18 (29.03%) Back Office
7 18 (29.03%) AIFMD
8 13 (20.97%) Finance
9 12 (19.35%) SQL
10 11 (17.74%) Front Office
11 10 (16.13%) Change Management
12 9 (14.52%) Stakeholder Management
13 8 (12.90%) Foreign Exchange (FX)
14 7 (11.29%) User Acceptance Testing
15 6 (9.68%) Interest Rate Derivative
15 6 (9.68%) Migration
15 6 (9.68%) Risk Management
15 6 (9.68%) Analytical Skills
16 5 (8.06%) Dodd-Frank
16 5 (8.06%) Project Management
16 5 (8.06%) SLA
16 5 (8.06%) Integration Testing
16 5 (8.06%) Electronic Trading
16 5 (8.06%) Data Migration
16 5 (8.06%) Release Management

Summit
Top Related IT Skills by Category

For the 6 months to 10 February 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 1 (1.61%) Cloud Foundry
1 1 (1.61%) OpenStack
1 1 (1.61%) SAS
Applications
1 1 (1.61%) MS Excel
1 1 (1.61%) Spreadsheet
Business Applications
1 1 (1.61%) ACBS
1 1 (1.61%) Loan IQ
1 1 (1.61%) Oracle Cash Management
1 1 (1.61%) SunGard Martini
Cloud Services
1 1 (1.61%) Amazon AWS
1 1 (1.61%) Heroku
1 1 (1.61%) Microsoft Azure
1 1 (1.61%) PaaS
Database & Business Intelligence
1 2 (3.23%) Data Warehouse
2 1 (1.61%) Apache Cassandra
2 1 (1.61%) Data Mining
2 1 (1.61%) Oracle Database
2 1 (1.61%) Redis
2 1 (1.61%) Sybase ASE
Development Applications
1 1 (1.61%) Cucumber
General
1 43 (69.35%) Banking
2 30 (48.39%) Investment Banking
3 18 (29.03%) Back Office
4 13 (20.97%) Finance
5 11 (17.74%) Front Office
6 4 (6.45%) Retail
7 1 (1.61%) French Language
7 1 (1.61%) Manufacturing
7 1 (1.61%) Retail Banking
7 1 (1.61%) Telecoms
Job Titles
1 36 (58.06%) Analyst
2 31 (50.00%) Business Analyst
3 21 (33.87%) Banking Analyst
3 21 (33.87%) Investment Banking Business Analyst
4 18 (29.03%) Report Analyst
5 17 (27.42%) Regulatory Business Analyst
5 17 (27.42%) Regulatory Reporting Business Analyst
6 16 (25.81%) Project Manager
7 8 (12.90%) Investment Banking Project Manager
8 5 (8.06%) Murex Project Manager
9 4 (6.45%) Project Analyst
9 4 (6.45%) Summit Business Analyst
10 3 (4.84%) Applications Support
10 3 (4.84%) Applications Support Analyst
10 3 (4.84%) Business Manager
10 3 (4.84%) Business Project Manager
10 3 (4.84%) Consultant
10 3 (4.84%) Derivatives Project Manager
10 3 (4.84%) Summit Support
10 3 (4.84%) Support Analyst
Libraries, Frameworks & Software Standards
1 4 (6.45%) JMS
1 4 (6.45%) XML
2 2 (3.23%) HTML
3 1 (1.61%) RabbitMQ
3 1 (1.61%) Web Services
Miscellaneous
1 18 (29.03%) Derivative
1 18 (29.03%) Hedge funds
1 18 (29.03%) Market Risk
2 8 (12.90%) Foreign Exchange (FX)
3 6 (9.68%) Analytical Skills
3 6 (9.68%) Interest Rate Derivative
4 4 (6.45%) Replication
5 3 (4.84%) Fixed Income
6 2 (3.23%) DTCC
7 1 (1.61%) Contract for Difference
7 1 (1.61%) Data Centre
7 1 (1.61%) Equities
7 1 (1.61%) Equity Derivative
7 1 (1.61%) Swaptions
7 1 (1.61%) User Experience
Operating Systems
1 2 (3.23%) Unix
2 1 (1.61%) Linux
2 1 (1.61%) Windows
Processes & Methodologies
1 18 (29.03%) Algorithmic Trading
2 10 (16.13%) Change Management
3 9 (14.52%) Stakeholder Management
4 7 (11.29%) User Acceptance Testing
5 6 (9.68%) Migration
5 6 (9.68%) Risk Management
6 5 (8.06%) Data Migration
6 5 (8.06%) Electronic Trading
6 5 (8.06%) Integration Testing
6 5 (8.06%) Project Management
6 5 (8.06%) Release Management
6 5 (8.06%) Technical Analysis
7 4 (6.45%) Agile Software Development
7 4 (6.45%) Requirements Analysis
7 4 (6.45%) Technical Architecture
8 3 (4.84%) Automated Testing
8 3 (4.84%) Business Analysis
8 3 (4.84%) Change Control
8 3 (4.84%) PRINCE2
8 3 (4.84%) SDLC
Programming Languages
1 12 (19.35%) SQL
2 3 (4.84%) Java
3 2 (3.23%) JavaScript
4 1 (1.61%) Bash Shell
4 1 (1.61%) Go
4 1 (1.61%) Korn
4 1 (1.61%) Ruby
4 1 (1.61%) Shell Script
Qualifications
1 2 (3.23%) Degree
Quality Assurance & Compliance
1 29 (46.77%) EMIR
2 22 (35.48%) MiFID
3 18 (29.03%) AIFMD
4 5 (8.06%) Dodd-Frank
4 5 (8.06%) SLA
System Software
1 1 (1.61%) vSphere
Systems Management
1 1 (1.61%) Tivoli Storage Manager
Vendors
1 44 (70.97%) Murex
2 39 (62.90%) Calypso
3 3 (4.84%) Bloomberg
4 2 (3.23%) Oracle
4 2 (3.23%) Sybase
5 1 (1.61%) Misys
5 1 (1.61%) SunGard
City of London
Real Staffing
Rate: £300 - £350 per day
Posted: 8 days ago