The table below provides summary statistics for contract job vacancies advertised in the City of London with a requirement for knowledge and experience of FactSet products and/or services. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited FactSet over the 3 months to 23 April 2017 with a comparison to the same period in the previous 2 years.

Note that daily and hourly rates are treated separately in these statistics. When calculating contractor rate percentiles, daily rates are never 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 FactSet Research Systems, Inc.

FactSet
London / City of London
3 months to
23 Apr 2017
Same period 2016 Same period 2015
Rank 158 159 191
Rank change year-on-year +1 +32  
Contract jobs citing FactSet 3 5 5
As % of all contract IT jobs advertised in the City of London 0.093% 0.14% 0.092%
As % of the Vendors category 0.24% 0.36% 0.22%
Number of daily rates quoted 3 4 5
Median daily rate £700 £328 £475
Median daily rate % change year-on-year +113.74% -31.05%  
UK excluding London median daily rate £550 £225 £550
% change year-on-year +144.44% -59.09%  
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median hourly rate - - -

FactSet is in the vendor products and services category. The following table is for comparison with the above and provides summary statistics for all vendor product and service related skills in contract job vacancies advertised in the City of London.

Contract Vendor Product & Service Skills
City of London
Contract job vacancies with a requirement for skills associated with vendor products and/or services 1248 1384 2276
As % of all contract IT job vacancies advertised in the City of London 38.60% 39.75% 41.89%
Number of daily rates quoted 900 1068 1657
Median daily rate £468 £450 £425
Median daily rate % change year-on-year +3.88% +5.88%  
90% offered a daily rate of more than £255 £295 £250
10% offered a daily rate of more than £625 £600 £588
UK excluding London median daily rate £400 £385 £375
% change year-on-year +3.89% +2.66%  
Number of hourly rates quoted 17 18 47
Median hourly rate £22.34 £19.00 £17.50
Median hourly rate % change year-on-year +17.55% +8.57%  
90% offered a hourly rate of more than £13.50 £18.60 £12.80
10% offered a hourly rate of more than £24.86 £30.00 £25.00
UK excluding London median hourly rate £16.18 £19.00 £17.50
% change year-on-year -14.84% +8.57%  

FactSet
Job Vacancy Trend in the City of London

The job posting trend of jobs advertised in the City of London citing FactSet as a proportion of all contract or permanent IT jobs with a match in the Vendors category.

Job vacancy trend for FactSet in the City of London

FactSet
Contractor Daily Rate Trend in the City of London

This chart provides the 3-month moving average for daily rates quoted in contract jobs citing FactSet in the City of London.

Contractor daily rate trend for FactSet in the City of London

FactSet
Contractor Daily Rate Histogram in the City of London

The daily rate distribution of IT jobs citing FactSet in the City of London over the 3 months to 23 April 2017.

Contractor daily rate histogram for FactSet in the City of London

FactSet
Contractor Hourly Rate Trend in the City of London

This chart provides the 3-month moving average for contractor hourly rates quoted in IT jobs citing FactSet in the City of London.

Contractor hourly rate trend for FactSet in the City of London

For the 6 months to 23 April 2017, IT contractor jobs citing FactSet also mentioned the following skills in order of popularity. The figures indicate the number co-occurrences and its proportion to all contract ads across the City of London region with a requirement for FactSet.

1 3 (100.00%) Finance
2 2 (66.67%) Fixed Income
2 2 (66.67%) StatPro
2 2 (66.67%) Asset Management
2 2 (66.67%) Market Risk
2 2 (66.67%) BISAM
2 2 (66.67%) Sylvan
2 2 (66.67%) Performance Attribution
3 1 (33.33%) C#
3 1 (33.33%) PL/SQL
3 1 (33.33%) SQL
3 1 (33.33%) Oracle
3 1 (33.33%) Unix
3 1 (33.33%) Linux
3 1 (33.33%) Python
3 1 (33.33%) Bloomberg

FactSet
Co-occurring IT Skills in the City of London 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:

Business Applications
1 2 (66.67%) Sylvan
General
1 3 (100.00%) Finance
Job Titles
1 2 (66.67%) Business Consultant
1 2 (66.67%) Consultant
1 2 (66.67%) Software Consultant
2 1 (33.33%) Analyst
2 1 (33.33%) Analyst Developer
2 1 (33.33%) Developer
2 1 (33.33%) Performance Consultant
2 1 (33.33%) Risk Analyst
2 1 (33.33%) Senior Business Consultant
2 1 (33.33%) Senior Consultant
2 1 (33.33%) Senior Performance Consultant
Miscellaneous
1 2 (66.67%) Fixed Income
1 2 (66.67%) Market Risk
Operating Systems
1 1 (33.33%) Linux
1 1 (33.33%) Unix
Processes & Methodologies
1 2 (66.67%) Asset Management
1 2 (66.67%) Performance Attribution
Programming Languages
1 1 (33.33%) C#
1 1 (33.33%) PL/SQL
1 1 (33.33%) Python
1 1 (33.33%) SQL
Vendors
1 2 (66.67%) BISAM
1 2 (66.67%) StatPro
2 1 (33.33%) Bloomberg
2 1 (33.33%) Oracle