The table below provides summary statistics for contract job vacancies advertised in the City of London with a requirement for knowledge and experience of Sophis products and/or services. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Sophis over the 3 months to 26 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 Misys FusionCapital Sophis.

3 months to
26 Mar 2017
Same period 2016 Same period 2015
Sophis
London / City of London
Rank - - 192
Contract jobs citing Sophis 0 0 3
As % of all contract IT jobs advertised in the City of London - - 0.059%
As % of the Vendors category - - 0.14%
Number of daily rates quoted 0 0 3
Median daily rate - - £625
UK excluding London median daily rate - - -
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median hourly rate - - -

Sophis 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 1181 1334 2166
As % of all contract IT job vacancies advertised in the City of London 39.45% 40.10% 42.47%
Number of daily rates quoted 866 1004 1571
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 £288 £283 £250
10% offered a daily rate of more than £625 £600 £583
UK excluding London median daily rate £400 £388 £375
% change year-on-year +3.22% +3.33%  
Number of hourly rates quoted 16 17 45
Median hourly rate £14.15 £19.50 £18.70
Median hourly rate % change year-on-year -27.46% +4.27%  
90% offered a hourly rate of more than £12.19 £11.00 £13.55
10% offered a hourly rate of more than £22.34 £43.57 £25.00
UK excluding London median hourly rate £16.50 £19.50 £17.00
% change year-on-year -15.36% +14.67%  

Sophis
Job Vacancy Trend in the City of London

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

Job vacancy trend for Sophis in the City of London

Sophis
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 Sophis in the City of London.

Contractor daily rate trend for Sophis in the City of London

Sophis
Top 12 Related IT Skills in the City of London

For the 6 months to 26 March 2017, IT contractor jobs citing Sophis 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 Sophis.

1 2 (100.00%) Front Office
1 2 (100.00%) Sophis RISQUE
1 2 (100.00%) Banking
1 2 (100.00%) Derivative
1 2 (100.00%) Equity Derivative
2 1 (50.00%) Investment Banking
2 1 (50.00%) Workflow
2 1 (50.00%) Unix
2 1 (50.00%) Windows
2 1 (50.00%) Citrix
2 1 (50.00%) Reuters
2 1 (50.00%) Bloomberg

Sophis
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 2 (100.00%) Sophis RISQUE
General
1 2 (100.00%) Banking
1 2 (100.00%) Front Office
2 1 (50.00%) Investment Banking
Job Titles
1 1 (50.00%) Applications Support
Miscellaneous
1 2 (100.00%) Derivative
1 2 (100.00%) Equity Derivative
Operating Systems
1 1 (50.00%) Unix
1 1 (50.00%) Windows
Processes & Methodologies
1 1 (50.00%) Workflow
Vendors
1 1 (50.00%) Bloomberg
1 1 (50.00%) Citrix
1 1 (50.00%) Reuters