Period
to 20 September 2018

The following table provides summary statistics for contract job vacancies advertised in Scotland with a requirement for IFRS 9 skills. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited IFRS 9 over the 6 months to 20 September 2018 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.

IFRS 9 Financial Instruments
UK > Scotland
6 months to
20 Sep 2018
Same period 2017 Same period 2016
Rank 198 179 203
Rank change year-on-year -19 +24 -14
Contract jobs citing IFRS 9 6 3 8
As % of all contract IT jobs advertised in Scotland 0.11% 0.063% 0.15%
As % of the Quality Assurance & Compliance category 0.79% 0.47% 1.11%
Number of daily rates quoted 5 3 6
Scotland median daily rate £350 £500 £475
Median daily rate % change year-on-year -30.00% +5.26% -8.65%
10th Percentile £326 £430 £364
90th Percentile £401 £640 £569
UK median daily rate £525 £475 £486
% change year-on-year +10.53% -2.26% -7.43%
Number of hourly rates quoted 0 0 0
Scotland median hourly rate - - -
UK median hourly rate - £40.00 -

IFRS 9 is in the Quality Assurance and Compliance category. The following table is for comparison with the above and provides summary statistics for all contract job vacancies advertised in Scotland with a requirement for quality assurance or compliance skills.

All Quality Assurance and Compliance Skills
Scotland
Contract vacancies with a requirement for quality assurance or compliance skills 755 638 722
As % of all contract IT jobs advertised in Scotland 13.84% 13.36% 13.84%
Number of daily rates quoted 423 347 393
Scotland median daily rate £375 £375 £350
Median daily rate % change year-on-year - +7.14% -
10th Percentile £192 £150 £182
90th Percentile £555 £525 £488
UK median daily rate £450 £438 £413
% change year-on-year +2.86% +6.06% +3.13%
Number of hourly rates quoted 24 27 19
Scotland median hourly rate £16.38 £17.00 £25.00
Median hourly rate % change year-on-year -3.68% -32.00% -22.90%
10th Percentile £10.61 £13.00 £14.10
90th Percentile £35.00 £33.13 £40.90
UK median hourly rate £21.00 £21.90 £24.00
% change year-on-year -4.11% -8.75% +11.37%

IFRS 9
Job Vacancy Trend in Scotland

Job postings citing IFRS 9 as a percentage of all IT jobs advertised in Scotland.

Job vacancy trend for IFRS 9 in Scotland

IFRS 9
Contractor Daily Rate Trend in Scotland

This chart provides the 3-month moving average for daily rates quoted in contract jobs citing IFRS 9 in Scotland.

Contractor daily rate trend for IFRS 9 in Scotland

IFRS 9
Contract Job Locations in Scotland

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing IFRS 9 within the Scotland region over the 6 months to 20 September 2018. The 'Rank Change' column provides an indication of the change in demand within each location based on the same 6 month period last year.

Location Rank Change
on Same Period
Last Year
Matching
Contract
IT Job Ads
Median
Daily Rate
Past 6 Months
Median Daily Rate
% Change
on Same Period
Last Year
Live
Job
Vacancies
Edinburgh +2 6 £350 -30.00% 1
IFRS 9
UK

For the 6 months to 20 September 2018, IT contractor jobs citing IFRS 9 also mentioned the following skills in order of popularity. The figures indicate the absolute number co-occurrences and as a proportion of all contract job ads across the Scotland region with a requirement for IFRS 9.

1 6 (100.00%) IFRS
2 5 (83.33%) SAS
2 5 (83.33%) Finance
3 4 (66.67%) Banking
3 4 (66.67%) SQL
4 2 (33.33%) Microsoft Excel
4 2 (33.33%) VBA
4 2 (33.33%) BusinessObjects
4 2 (33.33%) Risk Management
4 2 (33.33%) Degree
4 2 (33.33%) Credit Risk
4 2 (33.33%) Analytics
4 2 (33.33%) Analytical Skills
5 1 (16.67%) Remediation Plan
5 1 (16.67%) EViews
5 1 (16.67%) Problem-Solving
5 1 (16.67%) User Acceptance Testing
5 1 (16.67%) Stress Testing
5 1 (16.67%) Unit Testing
5 1 (16.67%) Time Management
5 1 (16.67%) R
5 1 (16.67%) Continuous Improvement
5 1 (16.67%) Mathematics
5 1 (16.67%) Quantitative Analysis
5 1 (16.67%) Economics
5 1 (16.67%) Statistics
5 1 (16.67%) Operations Research
5 1 (16.67%) Project Planning
5 1 (16.67%) Validation
5 1 (16.67%) Stakeholder Management

IFRS 9
Co-occurring IT Skills in Scotland 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 5 (83.33%) SAS
Applications
1 2 (33.33%) Microsoft Excel
2 1 (16.67%) EViews
2 1 (16.67%) SPSS
Database & Business Intelligence
1 2 (33.33%) BusinessObjects
General
1 5 (83.33%) Finance
2 4 (66.67%) Banking
Job Titles
1 3 (50.00%) Developer
2 2 (33.33%) Lead Developer
3 1 (16.67%) Analyst
3 1 (16.67%) Business Analyst
3 1 (16.67%) Credit Risk Manager
3 1 (16.67%) Monitoring Analyst
3 1 (16.67%) Report Manager
3 1 (16.67%) Risk Manager
3 1 (16.67%) SAS Developer
3 1 (16.67%) Senior Business Analyst
Miscellaneous
1 2 (33.33%) Analytical Skills
1 2 (33.33%) Credit Risk
Processes & Methodologies
1 2 (33.33%) Analytics
1 2 (33.33%) Risk Management
2 1 (16.67%) Continuous Improvement
2 1 (16.67%) Economics
2 1 (16.67%) ETL
2 1 (16.67%) Mathematics
2 1 (16.67%) Operations Research
2 1 (16.67%) Problem-Solving
2 1 (16.67%) Project Management
2 1 (16.67%) Project Planning
2 1 (16.67%) Quantitative Analysis
2 1 (16.67%) Remediation Plan
2 1 (16.67%) Stakeholder Management
2 1 (16.67%) Statistics
2 1 (16.67%) Stress Testing
2 1 (16.67%) Time Management
2 1 (16.67%) Unit Testing
2 1 (16.67%) User Acceptance Testing
2 1 (16.67%) Validation
Programming Languages
1 4 (66.67%) SQL
2 2 (33.33%) VBA
3 1 (16.67%) C
3 1 (16.67%) C++
3 1 (16.67%) Java
3 1 (16.67%) MATLAB
3 1 (16.67%) R
Qualifications
1 2 (33.33%) Degree
2 1 (16.67%) ACCA
2 1 (16.67%) Postgraduate
Quality Assurance & Compliance
1 6 (100.00%) IFRS
2 1 (16.67%) Basel II
2 1 (16.67%) Sarbanes-Oxley