The table below provides summary statistics for contract job vacancies advertised in the City of London with a requirement for knowledge and experience of SimCorp products and/or services. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited SimCorp over the 3 months to 22 March 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 SimCorp.

3 months to
22 Mar 2017
Same period 2016 Same period 2015
SimCorp
London / City of London
Rank 144 146 189
Rank change year-on-year +2 +43  
Contract jobs citing SimCorp 7 5 3
As % of all contract IT jobs advertised in the City of London 0.24% 0.15% 0.060%
As % of the Vendors category 0.59% 0.38% 0.14%
Number of daily rates quoted 4 3 2
Median daily rate £382 £500 £650
Median daily rate % change year-on-year -23.60% -23.07%  
UK excluding London median daily rate - - £250
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median hourly rate - - -

SimCorp 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 1177 1310 2120
As % of all contract IT job vacancies advertised in the City of London 39.62% 40.07% 42.37%
Number of daily rates quoted 863 991 1525
Median daily rate £475 £450 £425
Median daily rate % change year-on-year +5.55% +5.88%  
90% offered a daily rate of more than £288 £275 £250
10% offered a daily rate of more than £625 £600 £575
UK excluding London median daily rate £400 £388 £375
% change year-on-year +3.22% +3.33%  
Number of hourly rates quoted 16 14 46
Median hourly rate £14.15 £19.00 £20.45
Median hourly rate % change year-on-year -25.55% -7.06%  
90% offered a hourly rate of more than £12.19 £10.50 £13.46
10% offered a hourly rate of more than £22.34 £30.00 £25.00
UK excluding London median hourly rate £16.50 £20.00 £17.11
% change year-on-year -17.50% +16.89%  

SimCorp
Job Vacancy Trend in the City of London

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

Job vacancy trend for SimCorp in the City of London

SimCorp
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 SimCorp in the City of London.

Contractor daily rate trend for SimCorp in the City of London

SimCorp
Contractor Daily Rate Histogram in the City of London

The daily rate distribution of IT jobs citing SimCorp in the City of London over the 3 months to 22 March 2017.

Contractor daily rate histogram for SimCorp in the City of London

SimCorp
Top 30 Related IT Skills in the City of London

For the 6 months to 22 March 2017, IT contractor jobs citing SimCorp 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 SimCorp.

1 12 (92.31%) Asset Management
2 10 (76.92%) SimCorp Dimension
3 9 (69.23%) Investment Management
4 8 (61.54%) SQL
5 7 (53.85%) Finance
5 7 (53.85%) Equities
5 7 (53.85%) Minerva
6 6 (46.15%) Front Office
6 6 (46.15%) Fixed Income
7 5 (38.46%) Fidessa
8 4 (30.77%) Charles River
9 3 (23.08%) XML
10 2 (15.38%) Foreign Exchange (FX)
10 2 (15.38%) Hedge funds
10 2 (15.38%) Derivative
10 2 (15.38%) Sentinel
10 2 (15.38%) Data Management
10 2 (15.38%) FIX Connectivity
10 2 (15.38%) Data Governance
10 2 (15.38%) Markit EDM
11 1 (7.69%) Business Process Modelling
11 1 (7.69%) Business Analysis
11 1 (7.69%) FIX Protocol
11 1 (7.69%) thinkFolio
11 1 (7.69%) Waterfall
11 1 (7.69%) Bloomberg
11 1 (7.69%) BusinessObjects
11 1 (7.69%) Unix
11 1 (7.69%) VBA
11 1 (7.69%) BPR

SimCorp
Top Related 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 10 (76.92%) SimCorp Dimension
2 7 (53.85%) Minerva
3 2 (15.38%) Markit EDM
3 2 (15.38%) Sentinel
4 1 (7.69%) Global One
4 1 (7.69%) thinkFolio
Communications & Networking
1 2 (15.38%) FIX Connectivity
Database & Business Intelligence
1 1 (7.69%) BusinessObjects
General
1 7 (53.85%) Finance
2 6 (46.15%) Front Office
3 1 (7.69%) Back Office
3 1 (7.69%) Financial Institution
3 1 (7.69%) Retail
Job Titles
1 11 (84.62%) Analyst
2 5 (38.46%) Business Support Analyst
2 5 (38.46%) Support Analyst
3 4 (30.77%) Asset Management Analyst
3 4 (30.77%) Business Analyst
4 3 (23.08%) FIX Analyst
4 3 (23.08%) FIX Business Analyst
5 2 (15.38%) Data Analyst
5 2 (15.38%) Fidessa Analyst
5 2 (15.38%) Fidessa Support
5 2 (15.38%) Fidessa Support Analyst
5 2 (15.38%) Functional Analyst
5 2 (15.38%) Functional Business Analyst
5 2 (15.38%) SimCorp Analyst
5 2 (15.38%) SimCorp Business Analyst
6 1 (7.69%) Business Consultant
6 1 (7.69%) Functional Consultant
6 1 (7.69%) Implementation Manager
6 1 (7.69%) SAP BusinessObjects (BO) Analyst
6 1 (7.69%) Systems Manager
Libraries, Frameworks & Software Standards
1 3 (23.08%) XML
2 1 (7.69%) FIX Protocol
Miscellaneous
1 7 (53.85%) Equities
2 6 (46.15%) Fixed Income
3 2 (15.38%) Derivative
3 2 (15.38%) Foreign Exchange (FX)
3 2 (15.38%) Hedge funds
4 1 (7.69%) Management Information System
Operating Systems
1 1 (7.69%) Unix
Processes & Methodologies
1 12 (92.31%) Asset Management
2 9 (69.23%) Investment Management
3 2 (15.38%) Data Governance
3 2 (15.38%) Data Management
4 1 (7.69%) Agile Software Development
4 1 (7.69%) BPR
4 1 (7.69%) Business Analysis
4 1 (7.69%) Business Process Modelling
4 1 (7.69%) Change Management
4 1 (7.69%) Project Management
4 1 (7.69%) Waterfall
Programming Languages
1 8 (61.54%) SQL
2 1 (7.69%) VBA
Vendors
1 5 (38.46%) Fidessa
2 4 (30.77%) Charles River
3 1 (7.69%) Bloomberg