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 27 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.

Sophis
England / London
3 months to
27 Mar 2017
Same period 2016 Same period 2015
Rank 388 422 400
Rank change year-on-year +34 -22  
Contract jobs citing Sophis 10 9 15
As % of all contract IT jobs advertised in London 0.052% 0.041% 0.070%
As % of the Vendors category 0.12% 0.099% 0.16%
Number of daily rates quoted 7 6 12
Median daily rate £400 £663 £588
Median daily rate % change year-on-year -39.62% +12.76%  
90% offered a daily rate of more than £350 £485 £550
10% offered a daily rate of more than £495 £700 £700
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 London.

Contract Vendor Product & Service Skills
London
Contract job vacancies with a requirement for skills associated with vendor products and/or services 8160 9101 9589
As % of all contract IT job vacancies advertised in London 42.15% 41.10% 44.57%
Number of daily rates quoted 5477 6064 6207
Median daily rate £450 £450 £425
Median daily rate % change year-on-year - +5.88%  
90% offered a daily rate of more than £300 £275 £260
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 107 131 207
Median hourly rate £22.34 £21.34 £18.70
Median hourly rate % change year-on-year +4.66% +14.11%  
90% offered a hourly rate of more than £14.00 £11.00 £13.09
10% offered a hourly rate of more than £50.00 £45.00 £50.00
UK excluding London median hourly rate £16.38 £19.00 £17.00
% change year-on-year -13.81% +11.76%  

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 27 March 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 hourly rates quoted in IT contractor jobs citing Sophis in London.

Contractor hourly rate trend for Sophis in London

Sophis
Top 30 Co-occurring IT Skills in London

For the 6 months to 27 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 London region with a requirement for Sophis.

1 10 (55.56%) Calypso
1 10 (55.56%) Front Office
1 10 (55.56%) Back Office
2 9 (50.00%) Murex
3 8 (44.44%) Windows
4 7 (38.89%) SQL
4 7 (38.89%) Derivative
4 7 (38.89%) Equity Derivative
5 6 (33.33%) Market Risk
5 6 (33.33%) Relational Database
5 6 (33.33%) Risk Management
5 6 (33.33%) Banking
6 5 (27.78%) Sophis RISQUE
6 5 (27.78%) Misys
6 5 (27.78%) Release Management
6 5 (27.78%) PowerShell
6 5 (27.78%) Investment Banking
7 4 (22.22%) WPF
7 4 (22.22%) Web Development
7 4 (22.22%) REST
7 4 (22.22%) Hedge funds
7 4 (22.22%) Foreign Exchange (FX)
7 4 (22.22%) JavaScript
7 4 (22.22%) C#
7 4 (22.22%) .NET
7 4 (22.22%) SQL Server
7 4 (22.22%) ASP.NET
7 4 (22.22%) CSS
7 4 (22.22%) WinForms
7 4 (22.22%) Fixed Income

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 1 (5.56%) Oracle Coherence
1 1 (5.56%) Oracle Workflow
Applications
1 1 (5.56%) MS Excel
Business Applications
1 5 (27.78%) Sophis RISQUE
2 1 (5.56%) Global One
2 1 (5.56%) SunGard Martini
Database & Business Intelligence
1 6 (33.33%) Relational Database
2 4 (22.22%) SQL Server
3 1 (5.56%) Big Data
3 1 (5.56%) Hadoop
3 1 (5.56%) InterSystems Cache
3 1 (5.56%) OLAP
3 1 (5.56%) RDBMS
General
1 10 (55.56%) Back Office
1 10 (55.56%) Front Office
2 6 (33.33%) Banking
3 5 (27.78%) Investment Banking
4 2 (11.11%) Finance
5 1 (5.56%) French Language
Job Titles
1 8 (44.44%) Analyst
2 6 (33.33%) Developer
2 6 (33.33%) Support Analyst
3 4 (22.22%) .NET Developer
3 4 (22.22%) C# .NET Developer
3 4 (22.22%) C# Developer
3 4 (22.22%) Sophis Developer
4 3 (16.67%) Technical Analyst
4 3 (16.67%) Technical Support
4 3 (16.67%) Technical Support Analyst
5 2 (11.11%) Applications Support
5 2 (11.11%) Business Analyst
5 2 (11.11%) C# WPF Developer
5 2 (11.11%) Calypso Developer
5 2 (11.11%) Derivatives Business Analyst
5 2 (11.11%) Murex Developer
5 2 (11.11%) Pricing Analyst
5 2 (11.11%) Senior Analyst
5 2 (11.11%) Senior Business Analyst
5 2 (11.11%) WPF Developer
Libraries, Frameworks & Software Standards
1 4 (22.22%) .NET
1 4 (22.22%) ASP.NET
1 4 (22.22%) CSS
1 4 (22.22%) REST
1 4 (22.22%) WinForms
1 4 (22.22%) WPF
2 2 (11.11%) HTML
3 1 (5.56%) FIX Protocol
3 1 (5.56%) Hibernate
3 1 (5.56%) JMS
3 1 (5.56%) JPA
3 1 (5.56%) MDX
3 1 (5.56%) Spring
3 1 (5.56%) Spring Integration
3 1 (5.56%) Web Services
Miscellaneous
1 7 (38.89%) Derivative
1 7 (38.89%) Equity Derivative
2 6 (33.33%) Market Risk
3 4 (22.22%) Fixed Income
3 4 (22.22%) Foreign Exchange (FX)
3 4 (22.22%) Hedge funds
4 2 (11.11%) Analytical Skills
4 2 (11.11%) Exotic Derivative
5 1 (5.56%) Enterprise Software
5 1 (5.56%) Equities
5 1 (5.56%) Grid Computing
5 1 (5.56%) Management Information System
5 1 (5.56%) Virtual Team
Operating Systems
1 8 (44.44%) Windows
2 2 (11.11%) Unix
Processes & Methodologies
1 6 (33.33%) Risk Management
2 5 (27.78%) Release Management
3 4 (22.22%) Web Development
4 2 (11.11%) Systems Analysis
4 2 (11.11%) Workflow
5 1 (5.56%) Agile Software Development
5 1 (5.56%) Analytics
5 1 (5.56%) Black-Scholes
5 1 (5.56%) Change Management
5 1 (5.56%) Electronic Trading
5 1 (5.56%) Greeks
5 1 (5.56%) Incident Management
5 1 (5.56%) Microservices
5 1 (5.56%) Migration
5 1 (5.56%) Monte Carlo Method
5 1 (5.56%) OO
5 1 (5.56%) People Management
5 1 (5.56%) Scrum
5 1 (5.56%) Software Engineering
Programming Languages
1 7 (38.89%) SQL
2 5 (27.78%) PowerShell
3 4 (22.22%) C#
3 4 (22.22%) JavaScript
4 2 (11.11%) C++
4 2 (11.11%) Java
4 2 (11.11%) PL/SQL
5 1 (5.56%) Korn
5 1 (5.56%) Perl
5 1 (5.56%) VB
5 1 (5.56%) VBA
Quality Assurance & Compliance
1 1 (5.56%) SLA
Vendors
1 10 (55.56%) Calypso
2 9 (50.00%) Murex
3 5 (27.78%) Misys
4 2 (11.11%) Bloomberg
4 2 (11.11%) Citrix
4 2 (11.11%) Oracle
4 2 (11.11%) Reuters
5 1 (5.56%) Fidessa
5 1 (5.56%) Solace
5 1 (5.56%) SunGard