Period
to 20 September 2021

The following table provides summary statistics for contract job vacancies with a requirement for IFRS skills. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited IFRS over the 6 months to 20 September 2021 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.

International Financial Reporting Standards (IFRS)
UK
6 months to
20 Sep 2021
Same period 2020 Same period 2019
Rank 659 471 747
Rank change year-on-year -188 +276 +53
Contract jobs citing IFRS 130 36 89
As % of all contract jobs advertised in the UK 0.16% 0.12% 0.10%
As % of the Quality Assurance & Compliance category 1.32% 1.06% 0.89%
Number of daily rates quoted 81 19 59
10th Percentile £506 £380 £405
25th Percentile £525 £403 £472
Median daily rate (50th Percentile) £600 £475 £550
Median % change year-on-year +26.32% -13.64% +4.76%
75th Percentile £638 £544 £675
90th Percentile £700 £950 £800
UK excluding London median daily rate £540 £525 £538
% change year-on-year +2.86% -2.33% +26.47%
Number of hourly rates quoted 1 0 0
Median hourly rate £19.36 - -
UK excluding London median hourly rate £19.36 - -

IFRS 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 9,873 3,412 9,986
As % of all contract IT jobs advertised in the UK 12.48% 11.70% 11.25%
Number of daily rates quoted 6,629 2,115 6,284
10th Percentile £265 £263 £242
25th Percentile £381 £360 £350
Median daily rate (50th Percentile) £500 £470 £450
Median % change year-on-year +6.38% +4.44% -
75th Percentile £590 £563 £550
90th Percentile £675 £638 £637
UK excluding London median daily rate £435 £433 £425
% change year-on-year +0.54% +1.80% +3.03%
Number of hourly rates quoted 334 155 409
10th Percentile £11.17 £10.92 £10.80
25th Percentile £12.99 £15.24 £14.75
Median hourly rate £20.00 £21.50 £21.00
Median % change year-on-year -6.98% +2.38% +6.37%
75th Percentile £43.15 £45.00 £43.75
90th Percentile £62.15 £55.00 £53.15
UK excluding London median hourly rate £17.50 £21.05 £22.50
% change year-on-year -16.86% -6.44% +16.88%

IFRS
Job Vacancy Trend

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

Job vacancy trend for IFRS in the UK

IFRS
Contractor Daily Rate Trend

3-month moving average daily rate quoted in jobs citing IFRS.

Daily rate trend for IFRS in the UK

IFRS
Daily Rate Histogram

Daily rate distribution for jobs citing IFRS over the 6 months to 20 September 2021.

Daily rate histogram for IFRS in the UK

IFRS
Contractor Hourly Rate Trend

3-month moving average hourly rates quoted in jobs citing IFRS.

Hourly rate trend for IFRS in the UK

IFRS
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 within the UK over the 6 months to 20 September 2021. 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 -201 86 £580 +22.11% 25
London -127 78 £580 +42.77% 14
Work from Home -217 45 £600 +45.45% 2
UK excluding London -152 16 £540 +2.86% 12
Wales - 6 £650 - 1
Scotland -81 5 £480 -
South East -104 3 - - 3
South West - 1 - - 2
East of England - 1 - -

For the 6 months to 20 September 2021, IT contractor jobs citing IFRS 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.

1 99 (76.15%) Finance
2 53 (40.77%) Banking
2 53 (40.77%) SQL
3 34 (26.15%) Python
4 33 (25.38%) IFRS 9
5 31 (23.85%) Social Skills
6 28 (21.54%) GAAP
7 24 (18.46%) SAP
7 24 (18.46%) Data Modelling
7 24 (18.46%) SAS
8 21 (16.15%) Business Analysis
8 21 (16.15%) Analytics
9 20 (15.38%) Credit Risk
10 18 (13.85%) Stress Testing
10 18 (13.85%) Data Analysis
10 18 (13.85%) CIMA
11 17 (13.08%) Investment Banking
11 17 (13.08%) Agile Software Development
12 15 (11.54%) General Ledger
13 14 (10.77%) GAP Analysis
13 14 (10.77%) Basel II
13 14 (10.77%) ERP
13 14 (10.77%) Digital Banking
14 13 (10.00%) SAP S/4HANA
14 13 (10.00%) AWS
15 11 (8.46%) Project Management
15 11 (8.46%) CA
15 11 (8.46%) Stakeholder Engagement
15 11 (8.46%) Azure
15 11 (8.46%) Big Data

IFRS
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 24 (18.46%) SAS
2 11 (8.46%) Apache Spark
3 3 (2.31%) Oracle Workflow
Applications
1 6 (4.62%) Microsoft Excel
2 3 (2.31%) MS Visio
3 2 (1.54%) Microsoft Office
4 1 (0.77%) Spreadsheet
Business Applications
1 13 (10.00%) SAP S/4HANA
2 7 (5.38%) SAP FI-GL
3 5 (3.85%) SAP SD
4 4 (3.08%) SAP FI
5 3 (2.31%) Oracle FAH
5 3 (2.31%) Oracle General Ledger
5 3 (2.31%) Oracle Subledger Accounting
6 2 (1.54%) Alphatax
6 2 (1.54%) SAP CO
6 2 (1.54%) SAP FI/CO
6 2 (1.54%) SAP FSCM
6 2 (1.54%) Unit4 Business World
7 1 (0.77%) MoSes
7 1 (0.77%) Oracle ERP
Cloud Services
1 13 (10.00%) AWS
2 11 (8.46%) Azure
3 5 (3.85%) Power Platform
4 2 (1.54%) Azure Key Vault
5 1 (0.77%) Amazon S3
5 1 (0.77%) AWS Data Pipeline
5 1 (0.77%) Azure Storage
5 1 (0.77%) PowerApps
5 1 (0.77%) SaaS
5 1 (0.77%) Snowflake
5 1 (0.77%) SuccessFactors
Communications & Networking
1 1 (0.77%) SAN
Database & Business Intelligence
1 11 (8.46%) Big Data
2 9 (6.92%) Data Vault
3 8 (6.15%) Apache Hive
4 5 (3.85%) Power BI
5 3 (2.31%) Data Lake
5 3 (2.31%) Hadoop
5 3 (2.31%) SAP BW
6 2 (1.54%) Snowflake Schema
6 2 (1.54%) SQL Server
6 2 (1.54%) SQL Server Analysis Services
7 1 (0.77%) Amazon Redshift
7 1 (0.77%) Crystal Reports
7 1 (0.77%) Data Warehouse
7 1 (0.77%) Enterprise Data Warehouse
7 1 (0.77%) Microsoft Analysis Services
7 1 (0.77%) NoSQL
7 1 (0.77%) QlikView
7 1 (0.77%) SQL Server Integration Services
7 1 (0.77%) Tableau
7 1 (0.77%) WhereScape RED
Development Applications
1 3 (2.31%) JIRA
2 2 (1.54%) GCC
2 2 (1.54%) Jenkins
2 2 (1.54%) Selenium
3 1 (0.77%) Cucumber
3 1 (0.77%) SpecFlow
3 1 (0.77%) Toad
General
1 99 (76.15%) Finance
2 53 (40.77%) Banking
3 31 (23.85%) Social Skills
4 17 (13.08%) Investment Banking
5 15 (11.54%) General Ledger
6 10 (7.69%) Analytical Skills
7 6 (4.62%) Retail
8 4 (3.08%) Billing
8 4 (3.08%) Documentation Skills
9 3 (2.31%) Telecoms
10 2 (1.54%) Legal
10 2 (1.54%) Organisational Skills
10 2 (1.54%) Wholesale Banking
11 1 (0.77%) Corporate Banking
11 1 (0.77%) Danish Language
11 1 (0.77%) Norwegian Language
11 1 (0.77%) Public Sector
11 1 (0.77%) Retail Banking
11 1 (0.77%) Spanish Language
11 1 (0.77%) Swedish Language
Job Titles
1 43 (33.08%) Analyst
2 23 (17.69%) Business Analyst
3 12 (9.23%) Consultant
3 12 (9.23%) Project Manager
4 11 (8.46%) Architect
5 9 (6.92%) Data Architect
5 9 (6.92%) Financial Analyst
6 8 (6.15%) Data Modeller
6 8 (6.15%) SAP Consultant
7 7 (5.38%) Big Data Specialist
7 7 (5.38%) SAP Analyst
7 7 (5.38%) SAP Business Analyst
7 7 (5.38%) Testing Analyst
7 7 (5.38%) Testing Manager
8 6 (4.62%) Data Engineer
9 5 (3.85%) Finance Business Analyst
9 5 (3.85%) SAP Manager
9 5 (3.85%) SAP Project Manager
9 5 (3.85%) Senior Analyst
10 4 (3.08%) Senior Manager
Libraries, Frameworks & Software Standards
1 4 (3.08%) XML
2 3 (2.31%) Kafka
3 2 (1.54%) ARM Templates
3 2 (1.54%) XML Messaging
4 1 (0.77%) .NET
4 1 (0.77%) Gherkin
4 1 (0.77%) Oracle Fusion
4 1 (0.77%) Shiny
Miscellaneous
1 20 (15.38%) Credit Risk
2 5 (3.85%) Market Risk
3 4 (3.08%) Reinsurance
3 4 (3.08%) Self-Motivation
4 2 (1.54%) Foreign Exchange (FX)
4 2 (1.54%) Taxonomies
4 2 (1.54%) Virtual Team
5 1 (0.77%) Analytical Mindset
5 1 (0.77%) Derivative
5 1 (0.77%) Greenfield Project
5 1 (0.77%) Interest Rate Derivative
5 1 (0.77%) Legacy Systems
5 1 (0.77%) Public Cloud
Operating Systems
1 2 (1.54%) Unix
2 1 (0.77%) Windows
2 1 (0.77%) Windows Server
Processes & Methodologies
1 24 (18.46%) Data Modelling
2 21 (16.15%) Analytics
2 21 (16.15%) Business Analysis
3 18 (13.85%) Data Analysis
3 18 (13.85%) Stress Testing
4 17 (13.08%) Agile Software Development
5 14 (10.77%) Digital Banking
5 14 (10.77%) ERP
5 14 (10.77%) GAP Analysis
6 11 (8.46%) Project Management
6 11 (8.46%) Stakeholder Engagement
7 9 (6.92%) Data Engineering
8 8 (6.15%) Stakeholder Management
9 7 (5.38%) Logical Data Model
9 7 (5.38%) Scrum
10 6 (4.62%) DevOps
10 6 (4.62%) Test Scripting
10 6 (4.62%) User Acceptance Testing
11 5 (3.85%) Data Governance
11 5 (3.85%) Kimball Methodology
Programming Languages
1 53 (40.77%) SQL
2 34 (26.15%) Python
3 8 (6.15%) Scala
4 4 (3.08%) PowerShell
5 2 (1.54%) MATLAB
5 2 (1.54%) PL/SQL
5 2 (1.54%) R
5 2 (1.54%) Shell Script
5 2 (1.54%) VBA
6 1 (0.77%) C#
6 1 (0.77%) T-SQL
Qualifications
1 18 (13.85%) CIMA
2 9 (6.92%) ACCA
3 6 (4.62%) Degree
4 1 (0.77%) BPSS Clearance
4 1 (0.77%) DBS Check
4 1 (0.77%) Master's Degree
4 1 (0.77%) SC Cleared
4 1 (0.77%) Security Cleared
Quality Assurance & Compliance
1 33 (25.38%) IFRS 9
2 28 (21.54%) GAAP
3 14 (10.77%) Basel II
4 6 (4.62%) Solvency II
5 4 (3.08%) FINREP
5 4 (3.08%) GDPR
5 4 (3.08%) QA
5 4 (3.08%) Sarbanes-Oxley
6 2 (1.54%) Basel III
6 2 (1.54%) COREP
7 1 (0.77%) Data Quality
7 1 (0.77%) Disclosure Scotland
7 1 (0.77%) IAS 39
7 1 (0.77%) ITGC
Systems Management
1 3 (2.31%) Kubernetes
1 3 (2.31%) Terraform
2 2 (1.54%) Ansible
2 2 (1.54%) Control-M
Vendors
1 24 (18.46%) SAP
2 11 (8.46%) CA
3 7 (5.38%) Informatica
3 7 (5.38%) Microsoft
3 7 (5.38%) Oracle
4 3 (2.31%) Databricks
4 3 (2.31%) Murex
5 2 (1.54%) Alteryx
6 1 (0.77%) Calypso
6 1 (0.77%) Concur
6 1 (0.77%) IBM
6 1 (0.77%) Salesforce.com
6 1 (0.77%) StreamSets
6 1 (0.77%) Tagetik