Period
to 24 June 2018

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 24 June 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.

International Financial Reporting Standards (IFRS)
UK
6 months to
24 Jun 2018
Same period 2017 Same period 2016
Rank 758 685 788
Rank change year-on-year -73 +103 -10
Contract jobs citing IFRS 125 156 106
As % of all contract IT jobs advertised in the UK 0.12% 0.17% 0.099%
As % of the Quality Assurance & Compliance category 1.03% 1.45% 0.87%
Number of daily rates quoted 68 126 72
UK median daily rate £525 £450 £475
Median daily rate % change year-on-year +16.67% -5.26% +2.15%
10th Percentile £371 £350 £330
90th Percentile £733 £694 £723
UK excluding London median daily rate £468 £425 £450
% change year-on-year +10.00% -5.56% +3.45%
Number of hourly rates quoted 1 1 0
UK median hourly rate £22.00 £33.00 -
Median hourly rate % change year-on-year -33.33% - -
UK excluding London median hourly rate - £33.00 -

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 12,190 10,728 12,138
As % of all contract IT jobs advertised in the UK 12.16% 11.71% 11.37%
Number of daily rates quoted 7,795 6,940 7,779
UK median daily rate £450 £438 £405
Median daily rate % change year-on-year +2.86% +8.02% +1.25%
10th Percentile £256 £240 £225
90th Percentile £638 £625 £600
UK excluding London median daily rate £400 £391 £375
% change year-on-year +2.30% +4.27% -
Number of hourly rates quoted 380 359 416
UK median hourly rate £23.50 £20.00 £24.09
Median hourly rate % change year-on-year +17.50% -16.97% +11.77%
10th Percentile £12.43 £11.00 £11.88
90th Percentile £52.53 £52.50 £55.38
UK excluding London median hourly rate £22.85 £19.50 £26.00
% change year-on-year +17.15% -25.00% +20.93%

IFRS
Job Vacancy Trend

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

Job vacancy trend for IFRS in the UK

IFRS
Contractor Daily Rate Trend

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

Contractor daily rate trend for IFRS in the UK

IFRS
Contractor Daily Rate Histogram

The daily rate distribution of IT jobs citing IFRS over the 6 months to 24 June 2018.

Contractor daily rate histogram for IFRS in the UK

IFRS
Contractor Hourly Rate Trend

This chart provides the 3-month moving average for contractor hourly rates quoted in IT jobs citing IFRS.

Contractor hourly rate trend for IFRS in the UK

IFRS
Top 15 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 24 June 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 -83 115 £538 +19.44% 17
London -35 80 £550 +7.32% 13
UK excluding London -72 44 £468 +10.00% 6
South East -34 16 £468 +10.00%
North of England -23 13 £500 +21.95% 2
Scotland -38 7 - - 2
North West -23 5 £401 -2.13%
Yorkshire -23 4 £500 +21.95%
North East - 4 £650 - 2
South West -9 3 £938 +108.33%
East Midlands -6 2 £425 -9.09%
Midlands -27 2 £425 -4.23% 1
East of England -6 1 - - 1
Channel Islands - 1 £325 -
Wales - 1 £400 -

For the 6 months to 24 June 2018, 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 98 (78.40%) Finance
2 47 (37.60%) IFRS 9
3 32 (25.60%) Credit Risk
4 29 (23.20%) SQL
4 29 (23.20%) SAS
5 28 (22.40%) Banking
6 22 (17.60%) SAP
7 18 (14.40%) Oracle
7 18 (14.40%) Microsoft Excel
8 16 (12.80%) Degree
9 15 (12.00%) Stress Testing
9 15 (12.00%) Analytics
9 15 (12.00%) ETL
9 15 (12.00%) Project Management
10 14 (11.20%) Analytical Skills
10 14 (11.20%) User Acceptance Testing
10 14 (11.20%) Business Analysis
11 13 (10.40%) SAP FI
11 13 (10.40%) Stakeholder Management
12 12 (9.60%) Validation
12 12 (9.60%) Migration
12 12 (9.60%) Agile Software Development
12 12 (9.60%) Data Modelling
13 10 (8.00%) Retail Banking
13 10 (8.00%) R
14 9 (7.20%) Solvency II
14 9 (7.20%) Big Data
14 9 (7.20%) System Integration Testing
14 9 (7.20%) Mathematics
14 9 (7.20%) SQL Server Integration Services

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 29 (23.20%) SAS
2 4 (3.20%) Confluence
Applications
1 18 (14.40%) Microsoft Excel
2 7 (5.60%) Microsoft Office
3 6 (4.80%) MS Visio
4 5 (4.00%) SPSS
5 2 (1.60%) Microsoft PowerPoint
6 1 (0.80%) Microsoft Project
Business Applications
1 13 (10.40%) SAP FI
2 7 (5.60%) SAP CO
2 7 (5.60%) SAP FI/CO
3 5 (4.00%) HFM
4 3 (2.40%) SAP R/3
5 2 (1.60%) MoSes
5 2 (1.60%) SAP PS
6 1 (0.80%) CODA-Financials
6 1 (0.80%) Dynamics AX
6 1 (0.80%) Oracle Assets
6 1 (0.80%) Oracle Financials
6 1 (0.80%) SAP S/4HANA
Cloud Services
1 4 (3.20%) IBM Blueworks
2 2 (1.60%) Cloud Computing
2 2 (1.60%) IaaS
2 2 (1.60%) PaaS
2 2 (1.60%) SaaS
3 1 (0.80%) SuccessFactors
Database & Business Intelligence
1 9 (7.20%) Big Data
1 9 (7.20%) SQL Server Integration Services
2 6 (4.80%) BusinessObjects
2 6 (4.80%) SAS Visual Analytics
3 5 (4.00%) Base SAS
3 5 (4.00%) Data Warehouse
3 5 (4.00%) Essbase
3 5 (4.00%) SQL Server
4 4 (3.20%) Oracle Smart View
5 2 (1.60%) OLAP
5 2 (1.60%) SAS Enterprise Guide
5 2 (1.60%) SQL Server Reporting Services
6 1 (0.80%) Enterprise Data Warehouse
6 1 (0.80%) MOLAP
6 1 (0.80%) OLTP
6 1 (0.80%) Relational Database
6 1 (0.80%) SAP HANA
6 1 (0.80%) SQL Server 2008
6 1 (0.80%) SQL Server Analysis Services
Development Applications
1 6 (4.80%) JIRA
2 1 (0.80%) SQL Server Management Studio (SSMS)
General
1 98 (78.40%) Finance
2 28 (22.40%) Banking
3 10 (8.00%) Retail Banking
4 8 (6.40%) Legal
5 7 (5.60%) Retail
6 6 (4.80%) Financial Institution
7 5 (4.00%) Private Banking
7 5 (4.00%) Telecoms
8 2 (1.60%) French Language
8 2 (1.60%) General Ledger
9 1 (0.80%) Back Office
9 1 (0.80%) Billing
9 1 (0.80%) Cantonese Language
9 1 (0.80%) Dutch Language
9 1 (0.80%) Front Office
9 1 (0.80%) German Language
9 1 (0.80%) Investment Banking
9 1 (0.80%) Mandarin Language
9 1 (0.80%) Spanish Language
Job Titles
1 50 (40.00%) Analyst
2 23 (18.40%) Business Analyst
3 20 (16.00%) Consultant
4 16 (12.80%) Financial Analyst
5 13 (10.40%) Data Analyst
6 11 (8.80%) SAP Consultant
7 10 (8.00%) Senior Analyst
7 10 (8.00%) Test Analyst
8 9 (7.20%) Developer
8 9 (7.20%) ETL Analyst
9 7 (5.60%) Credit Analyst
9 7 (5.60%) Risk Analyst
9 7 (5.60%) SQL Analyst
10 6 (4.80%) Credit Risk Analyst
10 6 (4.80%) Finance Business Analyst
10 6 (4.80%) SAP FI Consultant
10 6 (4.80%) Senior Business Analyst
10 6 (4.80%) Service Analyst
11 5 (4.00%) Asset and Configuration Manager
11 5 (4.00%) Insurance Business Analyst
Libraries, Frameworks & Software Standards
1 4 (3.20%) XML
1 4 (3.20%) XSD
2 1 (0.80%) .NET
2 1 (0.80%) XBRL
Miscellaneous
1 32 (25.60%) Credit Risk
2 14 (11.20%) Analytical Skills
3 6 (4.80%) Data Structures
4 5 (4.00%) Computer Science
4 5 (4.00%) Self-Motivation
5 2 (1.60%) Equities
5 2 (1.60%) Fixed Income
5 2 (1.60%) Management Information System
6 1 (0.80%) Derivative
6 1 (0.80%) Foreign Exchange (FX)
6 1 (0.80%) Market Risk
Operating Systems
1 1 (0.80%) Unix
Processes & Methodologies
1 15 (12.00%) Analytics
1 15 (12.00%) ETL
1 15 (12.00%) Project Management
1 15 (12.00%) Stress Testing
2 14 (11.20%) Business Analysis
2 14 (11.20%) User Acceptance Testing
3 13 (10.40%) Stakeholder Management
4 12 (9.60%) Agile Software Development
4 12 (9.60%) Data Modelling
4 12 (9.60%) Migration
4 12 (9.60%) Validation
5 9 (7.20%) Mathematics
5 9 (7.20%) Risk Management
5 9 (7.20%) System Integration Testing
6 8 (6.40%) Data Analysis
6 8 (6.40%) Data Migration
6 8 (6.40%) Software Testing
7 7 (5.60%) Credit Risk Modelling
8 6 (4.80%) Regulatory Compliance
8 6 (4.80%) Scenario Testing
Programming Languages
1 29 (23.20%) SQL
2 10 (8.00%) R
3 9 (7.20%) VBA
4 7 (5.60%) Python
5 6 (4.80%) C#
6 5 (4.00%) MATLAB
7 4 (3.20%) Java
8 2 (1.60%) C++
8 2 (1.60%) VBScript
9 1 (0.80%) ABAP
9 1 (0.80%) Jython
9 1 (0.80%) Shell Script
9 1 (0.80%) T-SQL
9 1 (0.80%) VB.NET
9 1 (0.80%) X++
Qualifications
1 16 (12.80%) Degree
2 9 (7.20%) ACCA
3 6 (4.80%) Numerate Degree
4 4 (3.20%) Master's Degree
5 2 (1.60%) CCAB
5 2 (1.60%) CIMA
6 1 (0.80%) Computer Science Degree
6 1 (0.80%) SAS Certification
6 1 (0.80%) Security Cleared
Quality Assurance & Compliance
1 47 (37.60%) IFRS 9
2 9 (7.20%) GDPR
2 9 (7.20%) Solvency II
3 6 (4.80%) Data Quality
3 6 (4.80%) QA
4 5 (4.00%) GAAP
4 5 (4.00%) Sarbanes-Oxley
5 4 (3.20%) FINREP
6 3 (2.40%) Basel II
7 2 (1.60%) PMO
8 1 (0.80%) COREP
Vendors
1 22 (17.60%) SAP
2 18 (14.40%) Oracle
3 4 (3.20%) Hyperion
3 4 (3.20%) Informatica
4 3 (2.40%) Microsoft
4 3 (2.40%) Salesforce.com
4 3 (2.40%) Tagetik
5 1 (0.80%) Anaplan
5 1 (0.80%) Ariba
5 1 (0.80%) Bloomberg
5 1 (0.80%) Capita
5 1 (0.80%) CODA
5 1 (0.80%) Cognos
5 1 (0.80%) WorldPay
5 1 (0.80%) Yardi