Period
to 16 April 2021

The following table provides summary statistics for contract job vacancies advertised in the City of London with a requirement for IFRS skills. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited IFRS over the 6 months to 16 April 2021 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.

International Financial Reporting Standards (IFRS)
Central London > City of London
6 months to
16 Apr 2021
Same period 2020 Same period 2019
Rank 130 148 244
Rank change year-on-year +18 +96 +1
Contract jobs citing IFRS 12 23 10
As % of all contract jobs advertised in the City of London 0.49% 0.57% 0.15%
As % of the Quality Assurance & Compliance category 3.97% 5.46% 1.73%
Number of daily rates quoted 10 23 10
10th Percentile £400 " £391
25th Percentile £502 £413 £456
Median daily rate (50th Percentile) £575 £475 £563
Median % change year-on-year +21.05% -15.56% +2.27%
75th Percentile £728 £500 £594
90th Percentile £753 £745 £635
Central London median daily rate £575 £475 £563
% change year-on-year +21.05% -15.56% +2.27%

IFRS is in the Quality Assurance and Compliance category. The following table is for comparison with the above and provides summary statistics for all contract job vacancies advertised in the City of London with a requirement for quality assurance or compliance skills.

All Quality Assurance and Compliance Skills
City of London
Contract vacancies with a requirement for quality assurance or compliance skills 302 421 577
As % of all contract IT jobs advertised in the City of London 12.30% 10.51% 8.50%
Number of daily rates quoted 198 304 426
10th Percentile £338 £252 £313
25th Percentile £413 £380 £410
Median daily rate (50th Percentile) £513 £491 £513
Median % change year-on-year +4.33% -4.15% +2.50%
75th Percentile £600 £587 £575
90th Percentile £713 £642 £638
Central London median daily rate £513 £483 £500
% change year-on-year +6.22% -3.50% -
Number of hourly rates quoted 3 6 10
10th Percentile £14.05 £22.73 £13.65
25th Percentile £14.13 £29.62 £16.74
Median hourly rate £14.50 £38.48 £22.00
Median % change year-on-year -62.31% +74.89% +46.67%
75th Percentile £18.63 £38.75 £26.38
90th Percentile £20.95 £50.00 £28.83
Central London median hourly rate £17.25 £38.48 £22.00
% change year-on-year -55.17% +74.89% +46.67%

IFRS
Job Vacancy Trend in the City of London

Job postings citing IFRS as a proportion of all IT jobs advertised in the City of London.

Job vacancy trend for IFRS in the City of London

IFRS
Contractor Daily Rate Trend in the City of London

3-month moving average daily rate quoted in jobs citing IFRS in the City of London.

Daily rate trend for IFRS in the City of London

IFRS
Daily Rate Histogram in the City of London

Daily rate distribution for jobs citing IFRS in the City of London over the 6 months to 16 April 2021.

Daily rate histogram for IFRS in the City of London

For the 6 months to 16 April 2021, IT contractor jobs citing IFRS also mentioned the following skills in order of popularity. The figures indicate the absolute number co-occurrences and as a proportion of all contract job ads across the City of London region with a requirement for IFRS.

1 12 (100.00%) Finance
2 4 (33.33%) Banking
3 3 (25.00%) Analytical Skills
4 2 (16.67%) Data Structures
4 2 (16.67%) Retail
4 2 (16.67%) Data Analysis
4 2 (16.67%) General Ledger
4 2 (16.67%) Derivative
4 2 (16.67%) User Acceptance Testing
4 2 (16.67%) Data Extraction
4 2 (16.67%) Financial Modelling
4 2 (16.67%) Analytics
4 2 (16.67%) Oracle
4 2 (16.67%) Microsoft Excel
4 2 (16.67%) MS Access
4 2 (16.67%) ERP
4 2 (16.67%) Foreign Exchange (FX)
4 2 (16.67%) ACCA
4 2 (16.67%) Project Management
4 2 (16.67%) Scrum
4 2 (16.67%) Stakeholder Management
4 2 (16.67%) Financial Institution
4 2 (16.67%) Management Information System
4 2 (16.67%) Front Office
5 1 (8.33%) Workflow
5 1 (8.33%) XML Messaging
5 1 (8.33%) Oracle ERP
5 1 (8.33%) Oracle Workflow
5 1 (8.33%) Programme Management
5 1 (8.33%) Agile Software Development

IFRS
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:

Application Platforms
1 1 (8.33%) Oracle Workflow
Applications
1 2 (16.67%) Microsoft Excel
Business Applications
1 1 (8.33%) Loan IQ
1 1 (8.33%) Oracle ERP
1 1 (8.33%) Oracle FAH
1 1 (8.33%) Oracle General Ledger
1 1 (8.33%) Oracle Subledger Accounting
Cloud Services
1 1 (8.33%) Azure
Database & Business Intelligence
1 2 (16.67%) MS Access
Development Applications
1 1 (8.33%) Jenkins
1 1 (8.33%) JIRA
General
1 12 (100.00%) Finance
2 4 (33.33%) Banking
3 2 (16.67%) Financial Institution
3 2 (16.67%) Front Office
3 2 (16.67%) General Ledger
3 2 (16.67%) Retail
Job Titles
1 6 (50.00%) Analyst
1 6 (50.00%) Business Analyst
2 2 (16.67%) Architect
2 2 (16.67%) Banking Analyst
2 2 (16.67%) Banking Business Analyst
2 2 (16.67%) Business IT Analyst
2 2 (16.67%) IT Analyst
2 2 (16.67%) IT Business Analyst
2 2 (16.67%) Project Manager
3 1 (8.33%) Data Business Analyst
3 1 (8.33%) Finance Business Analyst
3 1 (8.33%) Finance Manager
3 1 (8.33%) Finance Project Manager
3 1 (8.33%) Financial Analyst
3 1 (8.33%) Financial Services Project Manager
3 1 (8.33%) Front Office Business Analyst
3 1 (8.33%) Implementation Analyst
3 1 (8.33%) Programme Manager
3 1 (8.33%) Scrum Master
3 1 (8.33%) Technical Analyst
Libraries, Frameworks & Software Standards
1 1 (8.33%) XML
1 1 (8.33%) XML Messaging
Miscellaneous
1 3 (25.00%) Analytical Skills
2 2 (16.67%) Data Structures
2 2 (16.67%) Derivative
2 2 (16.67%) Foreign Exchange (FX)
2 2 (16.67%) Management Information System
3 1 (8.33%) Credit Risk
3 1 (8.33%) PMI
Processes & Methodologies
1 2 (16.67%) Analytics
1 2 (16.67%) Data Analysis
1 2 (16.67%) Data Extraction
1 2 (16.67%) ERP
1 2 (16.67%) Financial Modelling
1 2 (16.67%) Project Management
1 2 (16.67%) Scrum
1 2 (16.67%) Stakeholder Management
1 2 (16.67%) User Acceptance Testing
2 1 (8.33%) Acceptance Criteria
2 1 (8.33%) Agile Software Development
2 1 (8.33%) Asset Management
2 1 (8.33%) Data Architecture
2 1 (8.33%) Data Reconciliation
2 1 (8.33%) Programme Delivery
2 1 (8.33%) Programme Management
2 1 (8.33%) Project Governance
2 1 (8.33%) Regulatory Compliance
2 1 (8.33%) Statistics
2 1 (8.33%) Target Operating Model
Programming Languages
1 1 (8.33%) SQL
Qualifications
1 2 (16.67%) ACCA
2 1 (8.33%) CIMA
2 1 (8.33%) Degree
2 1 (8.33%) PMI Certification
Quality Assurance & Compliance
1 1 (8.33%) GAAP
1 1 (8.33%) IFRS 9
1 1 (8.33%) PMO
Systems Management
1 1 (8.33%) Kubernetes
Vendors
1 2 (16.67%) Oracle
2 1 (8.33%) Murex