Period
to 17 December 2018

The following table provides summary statistics for contract job vacancies 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 17 December 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
6 months to
17 Dec 2018
Same period 2017 Same period 2016
Rank 840 820 793
Rank change year-on-year -20 -27 +50
Contract jobs citing IFRS 9 50 66 95
As % of all contract IT jobs advertised in the UK 0.048% 0.064% 0.093%
As % of the Quality Assurance & Compliance category 0.45% 0.51% 0.82%
Number of daily rates quoted 41 32 70
UK median daily rate £600 £563 £500
Median daily rate % change year-on-year +6.67% +12.50% -
10th Percentile £360 £372 £412
90th Percentile £675 £750 £675
UK excluding London median daily rate £438 £475 £480
% change year-on-year -7.89% -1.04% -8.57%
Number of hourly rates quoted 0 4 0
UK median hourly rate - £40.00 -
UK excluding London 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 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 11,215 13,057 11,605
As % of all contract IT jobs advertised in the UK 10.69% 12.72% 11.40%
Number of daily rates quoted 7,103 8,579 7,559
UK median daily rate £450 £440 £425
Median daily rate % change year-on-year +2.27% +3.53% +4.17%
10th Percentile £250 £256 £225
90th Percentile £625 £638 £603
UK excluding London median daily rate £411 £400 £396
% change year-on-year +2.81% +1.07% +2.13%
Number of hourly rates quoted 390 362 410
UK median hourly rate £20.24 £20.80 £22.50
Median hourly rate % change year-on-year -2.72% -7.56% -
10th Percentile £11.00 £11.03 £10.50
90th Percentile £47.50 £50.54 £45.75
UK excluding London median hourly rate £19.63 £21.65 £25.00
% change year-on-year -9.33% -13.42% +11.11%

IFRS 9
Job Vacancy Trend

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

Job vacancy trend for IFRS 9 in the UK

IFRS 9
Contractor Daily Rate Trend

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

Contractor daily rate trend for IFRS 9 in the UK

IFRS 9
Contractor Daily Rate Histogram

The daily rate distribution of IT jobs citing IFRS 9 over the 6 months to 17 December 2018.

Contractor daily rate histogram for IFRS 9 in the UK

IFRS 9
Top 9 Contract Locations

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 UK over the 6 months to 17 December 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
England -22 42 £600 +9.09% 8
London +4 33 £600 -7.69% 6
UK excluding London -36 16 £438 -7.89% 2
Scotland -3 7 £350 -44.00%
North of England -22 4 £650 +49.43% 2
North East - 4 £650 -
East Midlands +9 3 £530 -
Midlands -19 3 £530 -
South West -21 2 £439 -20.23%

For the 6 months to 17 December 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 with a requirement for IFRS 9.

1 50 (100.00%) IFRS
2 45 (90.00%) Finance
3 36 (72.00%) Banking
4 31 (62.00%) Credit Risk
5 16 (32.00%) SQL
5 16 (32.00%) SAS
6 11 (22.00%) Validation
7 9 (18.00%) Microsoft
7 9 (18.00%) ETL
7 9 (18.00%) Web Services
7 9 (18.00%) XML
7 9 (18.00%) R
8 8 (16.00%) Analytics
8 8 (16.00%) Performance Tuning
8 8 (16.00%) Analytical Skills
8 8 (16.00%) SQL Server
8 8 (16.00%) Data Warehouse
9 7 (14.00%) Oracle
9 7 (14.00%) Microsoft Excel
9 7 (14.00%) Business Intelligence
9 7 (14.00%) Agile Software Development
9 7 (14.00%) Kimball Methodology
10 6 (12.00%) SPSS
10 6 (12.00%) Data Modelling
11 5 (10.00%) Python
11 5 (10.00%) Stakeholder Management
11 5 (10.00%) Financial Institution
11 5 (10.00%) Investment Banking
11 5 (10.00%) Degree
11 5 (10.00%) Statistics

IFRS 9
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 16 (32.00%) SAS
2 1 (2.00%) GemFire
Applications
1 7 (14.00%) Microsoft Excel
2 6 (12.00%) SPSS
3 1 (2.00%) EViews
3 1 (2.00%) Microsoft PowerPoint
Business Applications
1 1 (2.00%) SAP FI-GL
Database & Business Intelligence
1 8 (16.00%) Data Warehouse
1 8 (16.00%) SQL Server
2 4 (8.00%) Oracle Reports
2 4 (8.00%) Power BI
2 4 (8.00%) PowerPivot
2 4 (8.00%) RDBMS
2 4 (8.00%) Relational Database
2 4 (8.00%) SQL Server 2005
2 4 (8.00%) SQL Server 2008
2 4 (8.00%) SQL Server 2014
2 4 (8.00%) SQL Server 2016
2 4 (8.00%) SQL Server Integration Services
3 3 (6.00%) Big Data
4 2 (4.00%) BusinessObjects
5 1 (2.00%) InterSystems Cache
5 1 (2.00%) Oracle Database
5 1 (2.00%) Oracle Database 12c
Development Applications
1 3 (6.00%) RStudio
General
1 45 (90.00%) Finance
2 36 (72.00%) Banking
3 5 (10.00%) Financial Institution
3 5 (10.00%) Investment Banking
4 2 (4.00%) Retail
5 1 (2.00%) Retail Finance
Job Titles
1 21 (42.00%) Analyst
2 15 (30.00%) Developer
3 14 (28.00%) Business Analyst
4 8 (16.00%) ETL Developer
4 8 (16.00%) Risk Analyst
4 8 (16.00%) Risk Business Analyst
5 5 (10.00%) Credit Analyst
5 5 (10.00%) Credit Risk Analyst
5 5 (10.00%) Credit Risk Business Analyst
5 5 (10.00%) Project Manager
5 5 (10.00%) Senior Analyst
5 5 (10.00%) SQL Developer
6 4 (8.00%) Financial Analyst
6 4 (8.00%) Informatica Developer
6 4 (8.00%) Informatica ETL Developer
6 4 (8.00%) SSIS Developer
7 3 (6.00%) Business Finance Analyst
7 3 (6.00%) Credit Risk Modeller
7 3 (6.00%) Data Business Analyst
7 3 (6.00%) Finance Business Analyst
Libraries, Frameworks & Software Standards
1 9 (18.00%) Web Services
1 9 (18.00%) XML
2 4 (8.00%) JSON
3 2 (4.00%) .NET
4 1 (2.00%) CORBA
4 1 (2.00%) J2EE
4 1 (2.00%) JavaBeans
4 1 (2.00%) REST
4 1 (2.00%) RESTful
4 1 (2.00%) SOAP
4 1 (2.00%) Spring
Miscellaneous
1 31 (62.00%) Credit Risk
2 8 (16.00%) Analytical Skills
3 3 (6.00%) Self-Motivation
4 2 (4.00%) Market Risk
5 1 (2.00%) Data Structures
5 1 (2.00%) Virtual Team
Operating Systems
1 1 (2.00%) Unix
Processes & Methodologies
1 11 (22.00%) Validation
2 9 (18.00%) ETL
3 8 (16.00%) Analytics
3 8 (16.00%) Performance Tuning
4 7 (14.00%) Agile Software Development
4 7 (14.00%) Business Intelligence
4 7 (14.00%) Kimball Methodology
5 6 (12.00%) Data Modelling
6 5 (10.00%) Mathematics
6 5 (10.00%) Stakeholder Management
6 5 (10.00%) Statistics
7 4 (8.00%) Business Analysis
7 4 (8.00%) Computer Science
7 4 (8.00%) Data Mapping
7 4 (8.00%) Data Validation
7 4 (8.00%) Financial Modelling
7 4 (8.00%) Physics
7 4 (8.00%) Risk Management
7 4 (8.00%) Stress Testing
7 4 (8.00%) Visualisation
Programming Languages
1 16 (32.00%) SQL
2 9 (18.00%) R
3 5 (10.00%) Python
4 4 (8.00%) MATLAB
5 2 (4.00%) Java
5 2 (4.00%) PL/SQL
5 2 (4.00%) VB.NET
5 2 (4.00%) VBA
6 1 (2.00%) C
6 1 (2.00%) C++
6 1 (2.00%) VB
Qualifications
1 5 (10.00%) Degree
2 4 (8.00%) Master's Degree
3 1 (2.00%) PhD
3 1 (2.00%) Postgraduate
Quality Assurance & Compliance
1 50 (100.00%) IFRS
2 4 (8.00%) Basel III
3 2 (4.00%) CRD IV
4 1 (2.00%) Basel II
4 1 (2.00%) IAS 39
4 1 (2.00%) QA
Vendors
1 9 (18.00%) Microsoft
2 7 (14.00%) Oracle
3 4 (8.00%) Informatica
4 1 (2.00%) SAP
4 1 (2.00%) Tableau
4 1 (2.00%) Teradata