Period
to 16 November 2018

The following table provides summary statistics for contract job vacancies with a requirement for IAS 39 skills. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited IAS 39 over the 6 months to 16 November 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.

IAS 39 Financial Instruments: Recognition and Measurement
UK
6 months to
16 Nov 2018
Same period 2017 Same period 2016
Rank 891 892 -
Rank change year-on-year +1 - +901
Contract jobs citing IAS 39 1 1 0
As % of all contract IT jobs advertised in the UK 0.001% 0.001% -
As % of the Quality Assurance & Compliance category 0.009% 0.008% -
Number of daily rates quoted 1 1 0
UK median daily rate £700 £425 -
Median daily rate % change year-on-year +64.71% - -
UK excluding London median daily rate £700 £425 -
% change year-on-year +64.71% - -
Number of hourly rates quoted 0 0 0
UK median hourly rate - - -
UK excluding London median hourly rate - - -

IAS 39 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 11,125 12,969 12,059
As % of all contract IT jobs advertised in the UK 10.70% 12.60% 11.36%
Number of daily rates quoted 7,040 8,483 7,829
UK median daily rate £450 £438 £425
Median daily rate % change year-on-year +2.86% +2.94% +4.94%
10th Percentile £250 £256 £225
90th Percentile £625 £630 £600
UK excluding London median daily rate £400 £400 £390
% change year-on-year - +2.56% +1.30%
Number of hourly rates quoted 385 377 439
UK median hourly rate £22.00 £20.00 £25.00
Median hourly rate % change year-on-year +10.00% -20.00% +11.11%
10th Percentile £11.00 £11.25 £10.75
90th Percentile £49.50 £48.75 £47.50
UK excluding London median hourly rate £21.00 £20.00 £25.00
% change year-on-year +4.99% -20.00% +13.64%

IAS 39
Job Vacancy Trend

Job postings citing IAS 39 as a percentage of all IT jobs advertised.

Job vacancy trend for IAS 39 in the UK

IAS 39
Contractor Daily Rate Trend

This chart provides the 3-month moving average for daily rates quoted in contract jobs citing IAS 39.

Contractor daily rate trend for IAS 39 in the UK

IAS 39
Top 4 Contract Locations

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing IAS 39 within the UK over the 6 months to 16 November 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
UK excluding London -20 1 £700 +64.71%
England -31 1 £700 +64.71%
East Midlands - 1 £700 -
Midlands - 1 £700 -

For the 6 months to 16 November 2018, IT contractor jobs citing IAS 39 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 with a requirement for IAS 39.

1 1 (100.00%) SQL
1 1 (100.00%) Oracle
1 1 (100.00%) Unix
1 1 (100.00%) Data Modelling
1 1 (100.00%) SAS
1 1 (100.00%) Teradata
1 1 (100.00%) Banking
1 1 (100.00%) Investment Banking
1 1 (100.00%) Credit Risk
1 1 (100.00%) Risk Analytics
1 1 (100.00%) Analytics
1 1 (100.00%) IFRS
1 1 (100.00%) IFRS 9
1 1 (100.00%) Data Strategy
1 1 (100.00%) Credit Risk Analytics

IAS 39
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:

Application Platforms
1 1 (100.00%) SAS
General
1 1 (100.00%) Banking
1 1 (100.00%) Investment Banking
Job Titles
1 1 (100.00%) SAS Modeller
Miscellaneous
1 1 (100.00%) Credit Risk
Operating Systems
1 1 (100.00%) Unix
Processes & Methodologies
1 1 (100.00%) Analytics
1 1 (100.00%) Credit Risk Analytics
1 1 (100.00%) Data Modelling
1 1 (100.00%) Data Strategy
1 1 (100.00%) Risk Analytics
Programming Languages
1 1 (100.00%) SQL
Quality Assurance & Compliance
1 1 (100.00%) IFRS
1 1 (100.00%) IFRS 9
Vendors
1 1 (100.00%) Oracle
1 1 (100.00%) Teradata