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 3 months to 24 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.

3 months to
24 Mar 2017
Same period 2016 Same period 2015
Common Reporting (COREP)
UK
Rank 594 629 603
Rank change year-on-year +35 -26  
Contract jobs citing COREP 2 13 18
As % of all contract IT jobs advertised in the UK 0.004% 0.025% 0.034%
As % of the Quality Assurance & Compliance category 0.038% 0.22% 0.29%
Number of daily rates quoted 1 12 17
Median daily rate £450 £550 £550
Median daily rate % change year-on-year -18.18% -  
UK excluding London median daily rate - £540 £550
% change year-on-year - -1.81%  
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median hourly rate - - -

COREP is in the quality assurance and compliance skills category. The next table is for comparison with the above and provides summary statistics for all contract job vacancies with a requirement for quality assurance and compliance skills.

Contract Quality Assurance & Compliance Skills
UK
Contract job vacancies with a requirement for quality assurance and compliance skills 5286 5939 6240
As % of all contract IT job vacancies advertised in the UK 11.67% 11.21% 11.86%
Number of daily rates quoted 3459 3779 3778
Median daily rate £450 £420 £400
Median daily rate % change year-on-year +7.14% +5.00%  
90% offered a daily rate of more than £263 £250 £230
10% offered a daily rate of more than £618 £588 £585
UK excluding London median daily rate £400 £400 £385
% change year-on-year - +3.89%  
Number of hourly rates quoted 162 199 175
Median hourly rate £19.95 £39.00 £25.00
Median hourly rate % change year-on-year -48.84% +56.00%  
90% offered a hourly rate of more than £11.00 £13.00 £11.50
10% offered a hourly rate of more than £52.50 £61.00 £49.50
UK excluding London median hourly rate £19.45 £41.00 £26.00
% change year-on-year -52.56% +57.69%  

COREP
Job Vacancy Trend

The job posting trend of jobs advertised citing COREP as a proportion of all contract or permanent IT jobs with a match in the Quality Assurance & Compliance category.

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
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 COREP within the UK over the 3 months to 24 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 +24 2 £450 -18.18%
London +23 2 £450 -25.00%

COREP
Top 30 Related IT Skills

For the 6 months to 24 March 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 5 (71.43%) Finance
1 5 (71.43%) IFRS
2 4 (57.14%) IFRS 9
2 4 (57.14%) FINREP
3 3 (42.86%) Banking
3 3 (42.86%) Business Analysis
4 2 (28.57%) Stress Testing
4 2 (28.57%) Basel III
5 1 (14.29%) Migration
5 1 (14.29%) Stakeholder Management
5 1 (14.29%) Equities
5 1 (14.29%) Agile Software Development
5 1 (14.29%) C#
5 1 (14.29%) Java
5 1 (14.29%) Oracle
5 1 (14.29%) SQL Server
5 1 (14.29%) Sybase
5 1 (14.29%) XML
5 1 (14.29%) Unix
5 1 (14.29%) Data Warehouse
5 1 (14.29%) ETL
5 1 (14.29%) Microsoft
5 1 (14.29%) XBRL
5 1 (14.29%) Foreign Exchange (FX)
5 1 (14.29%) Shell Script
5 1 (14.29%) GAAP
5 1 (14.29%) Oracle Database
5 1 (14.29%) CRD IV
5 1 (14.29%) Test Scripting
5 1 (14.29%) SDLC

COREP
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:

Database & Business Intelligence
1 1 (14.29%) Data Mart
1 1 (14.29%) Data Warehouse
1 1 (14.29%) Oracle Database
1 1 (14.29%) SQL Server
General
1 5 (71.43%) Finance
2 3 (42.86%) Banking
3 1 (14.29%) Investment Banking
3 1 (14.29%) Retail
Job Titles
1 2 (28.57%) Analyst
1 2 (28.57%) Business Analyst
1 2 (28.57%) Developer
1 2 (28.57%) Programme Manager
2 1 (14.29%) Lead Business Analyst
2 1 (14.29%) Report Specialist
2 1 (14.29%) SQL Developer
2 1 (14.29%) SQL Server Developer
Libraries, Frameworks & Software Standards
1 1 (14.29%) XBRL
1 1 (14.29%) XML
Miscellaneous
1 1 (14.29%) Computer Science
1 1 (14.29%) Credit Risk
1 1 (14.29%) Equities
1 1 (14.29%) Fintech
1 1 (14.29%) Foreign Exchange (FX)
Operating Systems
1 1 (14.29%) Unix
Processes & Methodologies
1 3 (42.86%) Business Analysis
2 2 (28.57%) Stress Testing
3 1 (14.29%) Agile Software Development
3 1 (14.29%) ETL
3 1 (14.29%) Migration
3 1 (14.29%) Programme Governance
3 1 (14.29%) SDLC
3 1 (14.29%) Stakeholder Management
3 1 (14.29%) Target Operating Model
3 1 (14.29%) Test Scripting
3 1 (14.29%) User Acceptance Testing
Programming Languages
1 1 (14.29%) C#
1 1 (14.29%) Java
1 1 (14.29%) Shell Script
Qualifications
1 1 (14.29%) Degree
Quality Assurance & Compliance
1 5 (71.43%) IFRS
2 4 (57.14%) FINREP
2 4 (57.14%) IFRS 9
3 2 (28.57%) Basel III
4 1 (14.29%) CRD IV
4 1 (14.29%) GAAP
Vendors
1 1 (14.29%) Microsoft
1 1 (14.29%) Oracle
1 1 (14.29%) Sybase