Period
to 23 November 2017

The following table provides summary statistics for contract job vacancies with a requirement for COREP skills. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited COREP over the 6 months to 23 November 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.

Common Reporting (COREP)
UK
6 months to
23 Nov 2017
Same period 2016 Same period 2015
Rank 866 876 850
Rank change year-on-year +10 -26 +3
Contract jobs citing COREP 21 15 45
As % of all contract IT jobs advertised in the UK 0.020% 0.014% 0.040%
As % of the Quality Assurance & Compliance category 0.16% 0.13% 0.33%
Number of daily rates quoted 19 13 36
UK median daily rate £550 £600 £550
Median daily rate % change year-on-year -8.33% +9.09% -
10th Percentile £494 £475 £481
90th Percentile £623 £750 £663
UK excluding London median daily rate £550 £575 £575
% change year-on-year -4.35% - +15.00%
Number of hourly rates quoted 0 0 0
UK median hourly rate - - -
UK excluding London median hourly rate - - -

COREP 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 with a requirement for quality assurance or compliance skills.

All Quality Assurance and Compliance Skills
UK
Contract vacancies with a requirement for quality assurance or compliance skills 13132 11937 13459
As % of all contract IT jobs advertised in the UK 12.74% 11.34% 11.84%
Number of daily rates quoted 8585 7781 8508
UK median daily rate £440 £425 £407
Median daily rate % change year-on-year +3.53% +4.42% +1.75%
10th Percentile £256 £225 £230
90th Percentile £638 £600 £588
UK excluding London median daily rate £400 £390 £388
% change year-on-year +2.56% +0.65% +6.90%
Number of hourly rates quoted 381 424 477
UK median hourly rate £20.00 £22.84 £22.50
Median hourly rate % change year-on-year -12.42% +1.49% +18.42%
10th Percentile £11.25 £10.82 £11.61
90th Percentile £50.00 £46.53 £51.27
UK excluding London median hourly rate £20.25 £25.00 £22.38
% change year-on-year -19.00% +11.73% +14.74%

COREP
Job Vacancy Trend

Job postings citing COREP as a percentage of all IT jobs advertised.

Job vacancy trend for COREP in the UK

COREP
Contractor Daily Rate Trend

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

Contractor daily rate trend for COREP in the UK

COREP
Contractor Daily Rate Histogram

The daily rate distribution of IT jobs citing COREP over the 6 months to 23 November 2017.

Contractor daily rate histogram for COREP in the UK

COREP
Top 6 Contract Locations

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing COREP within the UK over the 6 months to 23 November 2017. 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
England +24 20 £550 -8.33%
London -8 17 £550 -8.33%
UK excluding London +34 4 £550 -4.35%
North of England - 3 £550 -
Yorkshire - 3 £550 -
Scotland -3 1 £275 -50.00%

For the 6 months to 23 November 2017, IT contractor jobs citing COREP 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 COREP.

1 17 (80.95%) Finance
2 12 (57.14%) FINREP
3 10 (47.62%) Banking
4 7 (33.33%) Investment Banking
4 7 (33.33%) Stakeholder Management
4 7 (33.33%) Oracle
5 6 (28.57%) Business Analysis
5 6 (28.57%) Market Risk
6 5 (23.81%) Data Analysis
6 5 (23.81%) Credit Risk
6 5 (23.81%) SQL
7 4 (19.05%) Unix
7 4 (19.05%) Linux
7 4 (19.05%) XBRL
7 4 (19.05%) Basel II
7 4 (19.05%) Stress Testing
8 2 (9.52%) Front Office
8 2 (9.52%) Migration
8 2 (9.52%) Project Management
8 2 (9.52%) Microsoft Excel
8 2 (9.52%) SMS
8 2 (9.52%) PL/SQL
8 2 (9.52%) SQL Server
8 2 (9.52%) XML
8 2 (9.52%) Prototyping
8 2 (9.52%) Regulatory Compliance
8 2 (9.52%) IFRS
8 2 (9.52%) IFRS 9
8 2 (9.52%) IT Strategy
8 2 (9.52%) Analytical Skills

COREP
Co-occurring 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 2 (9.52%) Microsoft Excel
Communications & Networking
1 2 (9.52%) SMS
Database & Business Intelligence
1 2 (9.52%) SQL Server
Development Applications
1 2 (9.52%) JIRA
General
1 17 (80.95%) Finance
2 10 (47.62%) Banking
3 7 (33.33%) Investment Banking
4 2 (9.52%) Front Office
5 1 (4.76%) Retail Banking
Job Titles
1 17 (80.95%) Analyst
2 15 (71.43%) Business Analyst
3 9 (42.86%) Regulatory Business Analyst
4 4 (19.05%) Developer
4 4 (19.05%) Senior Developer
5 3 (14.29%) Regulatory Reporting Business Analyst
5 3 (14.29%) Report Analyst
6 2 (9.52%) Business Data Analyst
6 2 (9.52%) Data Analyst
6 2 (9.52%) Data Business Analyst
6 2 (9.52%) Senior Analyst
7 1 (4.76%) Banking Analyst
7 1 (4.76%) Business IT Analyst
7 1 (4.76%) Investment Banking Business Analyst
7 1 (4.76%) IT Business Analyst
7 1 (4.76%) Process Analyst
7 1 (4.76%) Senior Business Analyst
7 1 (4.76%) Senior Systems Analyst
7 1 (4.76%) Systems Analyst
7 1 (4.76%) Test Analyst
Libraries, Frameworks & Software Standards
1 4 (19.05%) XBRL
2 2 (9.52%) XML
Miscellaneous
1 6 (28.57%) Market Risk
2 5 (23.81%) Credit Risk
3 2 (9.52%) Analytical Skills
4 1 (4.76%) Equities
4 1 (4.76%) Foreign Exchange (FX)
Operating Systems
1 4 (19.05%) Linux
1 4 (19.05%) Unix
Processes & Methodologies
1 7 (33.33%) Stakeholder Management
2 6 (28.57%) Business Analysis
3 5 (23.81%) Data Analysis
4 4 (19.05%) Stress Testing
5 2 (9.52%) Analytics
5 2 (9.52%) IT Strategy
5 2 (9.52%) Migration
5 2 (9.52%) Project Management
5 2 (9.52%) Project Planning
5 2 (9.52%) Prototyping
5 2 (9.52%) Regulatory Compliance
5 2 (9.52%) Security Testing
5 2 (9.52%) Translating Business Requirements
5 2 (9.52%) User Acceptance Testing
6 1 (4.76%) Agile Software Development
6 1 (4.76%) Process Improvement
6 1 (4.76%) Target Operating Model
6 1 (4.76%) Validation
6 1 (4.76%) Waterfall
Programming Languages
1 5 (23.81%) SQL
2 2 (9.52%) PL/SQL
Quality Assurance & Compliance
1 12 (57.14%) FINREP
2 4 (19.05%) Basel II
3 2 (9.52%) Basel III
3 2 (9.52%) CRD IV
3 2 (9.52%) IFRS
3 2 (9.52%) IFRS 9
Vendors
1 7 (33.33%) Oracle