The table below provides summary statistics for contract job vacancies advertised in 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 June 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.

Sophis
England / London
3 months to
26 Jun 2017
Same period 2016 Same period 2015
Rank 403 410 433
Rank change year-on-year +7 +23  
Contract jobs citing Sophis 21 8 9
As % of all contract IT jobs advertised in London 0.10% 0.037% 0.039%
As % of the Vendors category 0.24% 0.090% 0.088%
Number of daily rates quoted 11 8 7
Median daily rate £575 £625 £625
Median daily rate % change year-on-year -8.00% -  
UK excluding London median daily rate £575 - -
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 London.

Contract Vendor Product & Service Skills
London
Contract job vacancies with a requirement for skills associated with vendor products and/or services 8594 8848 10276
As % of all contract IT job vacancies advertised in London 41.40% 41.39% 44.02%
Number of daily rates quoted 5811 6111 6782
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 £275 £275 £250
10% offered a daily rate of more than £625 £605 £600
UK excluding London median daily rate £400 £375 £363
% change year-on-year +6.66% +3.44%  
Number of hourly rates quoted 109 110 250
Median hourly rate £23.75 £18.00 £20.00
Median hourly rate % change year-on-year +31.94% -10.00%  
90% offered a hourly rate of more than £12.93 £12.45 £13.00
10% offered a hourly rate of more than £50.00 £42.33 £52.17
UK excluding London median hourly rate £17.50 £20.50 £18.07
% change year-on-year -14.63% +13.44%  

Sophis
Job Vacancy Trend in London

The job posting trend of jobs advertised in 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 London

Sophis
Contractor Daily Rate Trend in London

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

Contractor daily rate trend for Sophis in London

Sophis
Contractor Daily Rate Histogram in London

The daily rate distribution of IT jobs citing Sophis in London over the 3 months to 26 June 2017.

Contractor daily rate histogram for Sophis in London

Sophis
Contractor Hourly Rate Trend in London

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

Contractor hourly rate trend for Sophis in London

Sophis
Contract Job Locations in London

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Sophis within the London region over the 3 months to 26 June 2017. The 'Rank Change' column provides an indication of the change in demand within each location based on the same 3 month period last year.

Location Rank Change
on Same Period
Last Year
Matching
Contract
IT Job Ads
Median
Daily Rate
Last 3 Months
Median Daily Rate
% Change
on Same Period
Last Year
Live
Job
Vacancies
City of London - 2 £475 -
Sophis
England

For the 6 months to 26 June 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 London region with a requirement for Sophis.

1 21 (70.00%) Front Office
2 12 (40.00%) SQL
2 12 (40.00%) Derivative
3 11 (36.67%) Relational Database
3 11 (36.67%) Back Office
3 11 (36.67%) Finance
4 10 (33.33%) Windows
4 10 (33.33%) Murex
5 9 (30.00%) Calypso
5 9 (30.00%) Risk Management
5 9 (30.00%) Agile Software Development
5 9 (30.00%) Equity Derivative
5 9 (30.00%) Release Management
6 8 (26.67%) Business Analysis
6 8 (26.67%) PowerShell
6 8 (26.67%) Market Risk
7 7 (23.33%) Bloomberg
8 6 (20.00%) BPR
8 6 (20.00%) Analytical Skills
9 5 (16.67%) Target Operating Model
9 5 (16.67%) Sophis RISQUE
9 5 (16.67%) Fixed Income
9 5 (16.67%) Banking
10 4 (13.33%) Misys
10 4 (13.33%) Oracle
10 4 (13.33%) Investment Banking
10 4 (13.33%) Systems Analysis
10 4 (13.33%) Exotic Derivative
10 4 (13.33%) Degree
10 4 (13.33%) Greenfield Project

Sophis
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:

Application Platforms
1 2 (6.67%) Oracle Coherence
2 1 (3.33%) Oracle Workflow
Applications
1 2 (6.67%) Microsoft Excel
2 1 (3.33%) Microsoft PowerPoint
2 1 (3.33%) MS Visio
Business Applications
1 5 (16.67%) Sophis RISQUE
2 2 (6.67%) Global One
2 2 (6.67%) SunGard Martini
Database & Business Intelligence
1 11 (36.67%) Relational Database
2 2 (6.67%) InterSystems Cache
2 2 (6.67%) RDBMS
3 1 (3.33%) OLAP
Development Applications
1 1 (3.33%) JIRA
General
1 21 (70.00%) Front Office
2 11 (36.67%) Back Office
2 11 (36.67%) Finance
3 5 (16.67%) Banking
4 4 (13.33%) Investment Banking
5 1 (3.33%) French Language
5 1 (3.33%) Legal
Job Titles
1 22 (73.33%) Analyst
2 17 (56.67%) Business Analyst
3 9 (30.00%) Support Analyst
4 7 (23.33%) Derivatives Business Analyst
5 6 (20.00%) Equity Derivatives Business Analyst
5 6 (20.00%) Senior Analyst
5 6 (20.00%) Senior Business Analyst
5 6 (20.00%) Technical Analyst
6 5 (16.67%) Technical Support
6 5 (16.67%) Technical Support Analyst
7 4 (13.33%) Pricing Analyst
7 4 (13.33%) Senior Pricing Analyst
8 3 (10.00%) Developer
8 3 (10.00%) Sophis Business Analyst
9 2 (6.67%) Applications Support
9 2 (6.67%) Business IT Analyst
9 2 (6.67%) IT Analyst
9 2 (6.67%) IT Business Analyst
9 2 (6.67%) Java Developer
9 2 (6.67%) Report Analyst
Libraries, Frameworks & Software Standards
1 2 (6.67%) FIX Protocol
1 2 (6.67%) Hibernate
1 2 (6.67%) JMS
1 2 (6.67%) JPA
1 2 (6.67%) Spring
1 2 (6.67%) Spring Integration
1 2 (6.67%) Web Services
2 1 (3.33%) MDX
Miscellaneous
1 12 (40.00%) Derivative
2 9 (30.00%) Equity Derivative
3 8 (26.67%) Market Risk
4 6 (20.00%) Analytical Skills
5 5 (16.67%) Fixed Income
6 4 (13.33%) Exotic Derivative
6 4 (13.33%) Greenfield Project
7 3 (10.00%) Equities
7 3 (10.00%) PMI
8 2 (6.67%) Enterprise Software
9 1 (3.33%) Client/Server
9 1 (3.33%) Fintech
9 1 (3.33%) Management Information System
9 1 (3.33%) Reference Data
Operating Systems
1 10 (33.33%) Windows
2 1 (3.33%) Unix
Processes & Methodologies
1 9 (30.00%) Agile Software Development
1 9 (30.00%) Release Management
1 9 (30.00%) Risk Management
2 8 (26.67%) Business Analysis
3 6 (20.00%) BPR
4 5 (16.67%) Target Operating Model
5 4 (13.33%) Systems Analysis
6 3 (10.00%) PRINCE2
6 3 (10.00%) Programme Management
7 2 (6.67%) Change Management
7 2 (6.67%) Data Modelling
7 2 (6.67%) Electronic Trading
7 2 (6.67%) Greeks
7 2 (6.67%) Migration
7 2 (6.67%) OO
7 2 (6.67%) Project Management
7 2 (6.67%) Requirements Analysis
7 2 (6.67%) UML
7 2 (6.67%) Use Case
7 2 (6.67%) User Acceptance Testing
Programming Languages
1 12 (40.00%) SQL
2 8 (26.67%) PowerShell
3 3 (10.00%) PL/SQL
4 2 (6.67%) Java
5 1 (3.33%) Korn
5 1 (3.33%) Perl
5 1 (3.33%) VB
5 1 (3.33%) VBA
Qualifications
1 4 (13.33%) Degree
2 3 (10.00%) PMI Certification
2 3 (10.00%) PMP
3 1 (3.33%) MBA
Quality Assurance & Compliance
1 2 (6.67%) MiFID
2 1 (3.33%) QA
2 1 (3.33%) SLA
Vendors
1 10 (33.33%) Murex
2 9 (30.00%) Calypso
3 7 (23.33%) Bloomberg
4 4 (13.33%) Misys
4 4 (13.33%) Oracle
5 3 (10.00%) Fidessa
6 2 (6.67%) Solace
6 2 (6.67%) SunGard
7 1 (3.33%) Citrix
7 1 (3.33%) Reuters
7 1 (3.33%) Sybase