The table below provides summary statistics for contract job vacancies 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 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 Algorithmics, Inc.

3 months to
26 Mar 2017
Same period 2016 Same period 2015
Algorithmics
UK
Rank 607 629 621
Rank change year-on-year +22 -8  
Contract jobs citing Algorithmics 2 12 2
As % of all contract IT jobs advertised in the UK 0.004% 0.023% 0.004%
As % of the Vendors category 0.010% 0.052% 0.008%
Number of daily rates quoted 2 6 1
Median daily rate £950 £663 £525
Median daily rate % change year-on-year +43.39% +26.19%  
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.

Contract Vendor Product & Service Skills
UK
Contract job vacancies with a requirement for skills associated with vendor products and/or services 19767 23258 24068
As % of all contract IT job vacancies advertised in the UK 44.19% 43.70% 45.23%
Number of daily rates quoted 12205 14087 13626
Median daily rate £425 £400 £400
Median daily rate % change year-on-year +6.25% -  
90% offered a daily rate of more than £255 £250 £230
10% offered a daily rate of more than £575 £550 £550
UK excluding London median daily rate £400 £388 £375
% change year-on-year +3.22% +3.33%  
Number of hourly rates quoted 711 804 1010
Median hourly rate £17.50 £20.00 £17.50
Median hourly rate % change year-on-year -12.50% +14.28%  
90% offered a hourly rate of more than £10.80 £10.73 £11.50
10% offered a hourly rate of more than £47.00 £50.68 £42.50
UK excluding London median hourly rate £16.50 £19.50 £17.00
% change year-on-year -15.36% +14.67%  

Algorithmics
Job Vacancy Trend

The job posting trend of jobs advertised 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 the UK

Algorithmics
Contractor Daily Rate Trend

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

Contractor daily rate trend for Algorithmics in the UK

Algorithmics
Top 2 Contract Locations

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Algorithmics within the UK over the 3 months to 26 March 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
England +29 2 £950 +43.39%
London +20 2 £950 +43.39%

Algorithmics
Top 29 Related IT Skills

For the 6 months to 26 March 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 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%) MS 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
Top Related IT Skills 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%) MS 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