The table below provides summary statistics for contract job vacancies advertised in London with a requirement for knowledge and experience of Algorithmics products and/or services. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Algorithmics over the 3 months to 27 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 Algorithmics, Inc.

Algorithmics
England / London
3 months to
27 Apr 2017
Same period 2016 Same period 2015
Rank - 433 431
Contract jobs citing Algorithmics 0 9 2
As % of all contract IT jobs advertised in London - 0.039% 0.009%
As % of the Vendors category - 0.095% 0.020%
Number of daily rates quoted 0 3 1
Median daily rate - £650 £525
Median daily rate % change year-on-year - +23.80%  
UK excluding London median daily rate - - -
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median hourly rate - - -

Algorithmics 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 London.

Contract Vendor Product & Service Skills
London
Contract job vacancies with a requirement for skills associated with vendor products and/or services 8445 9471 9896
As % of all contract IT job vacancies advertised in London 41.68% 41.11% 44.35%
Number of daily rates quoted 5709 6405 6391
Median daily rate £474 £450 £425
Median daily rate % change year-on-year +5.33% +5.88%  
90% offered a daily rate of more than £300 £275 £250
10% offered a daily rate of more than £625 £600 £575
UK excluding London median daily rate £400 £385 £375
% change year-on-year +3.89% +2.66%  
Number of hourly rates quoted 101 123 215
Median hourly rate £23.00 £19.00 £18.70
Median hourly rate % change year-on-year +21.05% +1.60%  
90% offered a hourly rate of more than £14.15 £10.00 £13.00
10% offered a hourly rate of more than £50.00 £40.00 £42.50
UK excluding London median hourly rate £16.50 £19.00 £17.50
% change year-on-year -13.15% +8.57%  

Algorithmics
Job Vacancy Trend in London

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

Job vacancy trend for Algorithmics in London

Algorithmics
Contractor Daily Rate Trend in London

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

Contractor daily rate trend for Algorithmics in London

For the 6 months to 27 April 2017, IT contractor jobs citing Algorithmics 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 London region with a requirement for Algorithmics.

1 7 (100.00%) Subversion
1 7 (100.00%) Market Risk
2 5 (71.43%) Monte Carlo Method
2 5 (71.43%) Mathematics
2 5 (71.43%) Mathematical Modelling
2 5 (71.43%) Microsoft Office
2 5 (71.43%) C#
2 5 (71.43%) Java
2 5 (71.43%) OOP
2 5 (71.43%) OO
3 2 (28.57%) Retail
3 2 (28.57%) Quality Management
3 2 (28.57%) Management Information System
3 2 (28.57%) Risk Management
3 2 (28.57%) Finance
3 2 (28.57%) Validation
3 2 (28.57%) Perforce
3 2 (28.57%) Flash
3 2 (28.57%) Python
3 2 (28.57%) Shell Script
3 2 (28.57%) VBA
3 2 (28.57%) C++
3 2 (28.57%) Risk Analytics
3 2 (28.57%) Analytics
3 2 (28.57%) Algorithms
3 2 (28.57%) Unix
3 2 (28.57%) Degree
3 2 (28.57%) JIRA
3 2 (28.57%) Solvency II

Algorithmics
Co-occurring IT Skills in 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:

Applications
1 5 (71.43%) Microsoft Office
Development Applications
1 7 (100.00%) Subversion
2 2 (28.57%) JIRA
General
1 2 (28.57%) Finance
1 2 (28.57%) Retail
Job Titles
1 5 (71.43%) C# Developer
1 5 (71.43%) C# Pricing Developer
1 5 (71.43%) C# Quant Developer
1 5 (71.43%) Developer
1 5 (71.43%) Java Developer
1 5 (71.43%) Java Pricing Developer
1 5 (71.43%) Java Quantitative Developer
1 5 (71.43%) Market Risk Developer
1 5 (71.43%) Market Risk Java Developer
1 5 (71.43%) Quantitative Developer
2 2 (28.57%) Unix Engineer
Libraries, Frameworks & Software Standards
1 2 (28.57%) Flash
Miscellaneous
1 7 (100.00%) Market Risk
2 2 (28.57%) Algorithms
2 2 (28.57%) Management Information System
Operating Systems
1 2 (28.57%) Unix
Processes & Methodologies
1 5 (71.43%) Mathematical Modelling
1 5 (71.43%) Mathematics
1 5 (71.43%) Monte Carlo Method
1 5 (71.43%) OO
1 5 (71.43%) OOP
2 2 (28.57%) Analytics
2 2 (28.57%) Quality Management
2 2 (28.57%) Risk Analytics
2 2 (28.57%) Risk Management
2 2 (28.57%) Validation
Programming Languages
1 5 (71.43%) C#
1 5 (71.43%) Java
2 2 (28.57%) C++
2 2 (28.57%) Python
2 2 (28.57%) Shell Script
2 2 (28.57%) VBA
Qualifications
1 2 (28.57%) Degree
Quality Assurance & Compliance
1 2 (28.57%) Solvency II
Vendors
1 2 (28.57%) Perforce