Period
to 7 December 2019

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 7 December 2019 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
7 Dec 2019
Same period 2018 Same period 2017
Rank 703 756 768
Rank change year-on-year +53 +12 -3
Contract jobs citing IFRS 89 142 132
As % of all contract IT jobs advertised in the UK 0.11% 0.14% 0.13%
As % of the Quality Assurance & Compliance category 1.05% 1.25% 1.00%
Number of daily rates quoted 55 91 74
UK median daily rate £500 £575 £525
Median daily rate % change year-on-year -13.04% +9.52% +8.14%
10th Percentile £363 £350 £363
90th Percentile £790 £725 £743
UK excluding London median daily rate £500 £500 £465
% change year-on-year - +7.53% +1.36%
Number of hourly rates quoted 0 0 4
UK median hourly rate - - £40.00
UK excluding London median hourly rate - - £40.00

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 8,454 11,346 13,227
As % of all contract IT jobs advertised in the UK 10.53% 10.84% 12.80%
Number of daily rates quoted 5,278 7,176 8,677
UK median daily rate £450 £450 £438
Median daily rate % change year-on-year - +2.86% +2.94%
10th Percentile £213 £250 £256
90th Percentile £638 £625 £638
UK excluding London median daily rate £415 £413 £400
% change year-on-year +0.61% +3.13% +1.27%
Number of hourly rates quoted 382 397 372
UK median hourly rate £21.17 £20.24 £20.00
Median hourly rate % change year-on-year +4.62% +1.18% -11.11%
10th Percentile £11.49 £11.00 £11.00
90th Percentile £53.75 £48.45 £49.98
UK excluding London median hourly rate £22.43 £19.25 £20.00
% change year-on-year +16.51% -3.75% -20.00%

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 7 December 2019.

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 11 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 7 December 2019. 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 +73 84 £500 -14.89% 19
London +72 65 £506 -13.83% 12
UK excluding London +74 22 £500 - 8
North of England +31 6 £375 -42.31% 1
Midlands +48 5 £500 -5.66% 2
South East +61 4 £900 +75.61% 3
Scotland +32 4 £550 +33.33% 1
North West +21 4 £375 -53.13% 1
East of England +44 3 £475 -5.00% 1
West Midlands +36 3 £500 - 2
Yorkshire +37 2 £450 -

For the 6 months to 7 December 2019, 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 62 (69.66%) Finance
2 20 (22.47%) Solvency II
3 19 (21.35%) IFRS 9
3 19 (21.35%) Stakeholder Management
4 16 (17.98%) Agile Software Development
4 16 (17.98%) Microsoft Excel
5 15 (16.85%) GDPR
5 15 (16.85%) Data Governance
5 15 (16.85%) Credit Risk
6 14 (15.73%) SAS
6 14 (15.73%) Banking
7 13 (14.61%) SQL Server
7 13 (14.61%) Analytics
8 12 (13.48%) Waterfall
8 12 (13.48%) Credit Risk Modelling
8 12 (13.48%) Oracle
8 12 (13.48%) Business Intelligence
9 11 (12.36%) Data Enrichment
10 10 (11.24%) Analytical Skills
10 10 (11.24%) R
10 10 (11.24%) SQL
10 10 (11.24%) Data Modelling
10 10 (11.24%) ETL
11 9 (10.11%) ERP
11 9 (10.11%) Data Analysis
12 8 (8.99%) Validation
13 7 (7.87%) General Ledger
13 7 (7.87%) SAP
13 7 (7.87%) Project Management
14 6 (6.74%) GAAP

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 14 (15.73%) SAS
Applications
1 16 (17.98%) Microsoft Excel
2 2 (2.25%) Microsoft PowerPoint
2 2 (2.25%) Microsoft Project
3 1 (1.12%) SPSS
Business Applications
1 5 (5.62%) Oracle Financials
2 4 (4.49%) Oracle Assets
2 4 (4.49%) Oracle EBS
2 4 (4.49%) Oracle EBS R12
3 3 (3.37%) Oracle ERP
3 3 (3.37%) SAP S/4HANA
4 2 (2.25%) Oracle General Ledger
4 2 (2.25%) Oracle Receivables
4 2 (2.25%) Oracle Subledger Accounting
4 2 (2.25%) SAP FI
5 1 (1.12%) HFM
5 1 (1.12%) Oracle Cash Management
5 1 (1.12%) Oracle Payables
5 1 (1.12%) PeopleSoft Financials
5 1 (1.12%) SAP CO
5 1 (1.12%) SAP FI/CO
Cloud Services
1 1 (1.12%) AWS
1 1 (1.12%) Azure
Database & Business Intelligence
1 13 (14.61%) SQL Server
2 6 (6.74%) Data Warehouse
3 5 (5.62%) Crystal Reports
3 5 (5.62%) QlikView
3 5 (5.62%) Relational Database
4 4 (4.49%) Data Mining
5 3 (3.37%) SQL Server 2012
6 1 (1.12%) Base SAS
6 1 (1.12%) Big Data
6 1 (1.12%) BusinessObjects
6 1 (1.12%) Data Lake
6 1 (1.12%) DataStage
6 1 (1.12%) Hadoop
6 1 (1.12%) IBM InfoSphere
6 1 (1.12%) MS Access
6 1 (1.12%) OLAP
6 1 (1.12%) Oracle Reports
6 1 (1.12%) SAP BW
6 1 (1.12%) SAS Enterprise Guide
Development Applications
1 1 (1.12%) SQL Server Management Studio (SSMS)
General
1 62 (69.66%) Finance
2 14 (15.73%) Banking
3 7 (7.87%) General Ledger
4 4 (4.49%) Legal
5 1 (1.12%) Advertising
5 1 (1.12%) Billing
5 1 (1.12%) Dutch Language
5 1 (1.12%) Private Banking
5 1 (1.12%) Retail
5 1 (1.12%) Retail Banking
5 1 (1.12%) Retail Finance
5 1 (1.12%) Telecoms
Job Titles
1 29 (32.58%) Analyst
2 12 (13.48%) Consultant
3 11 (12.36%) Data Analyst
4 7 (7.87%) Business Analyst
5 6 (6.74%) Credit Analyst
5 6 (6.74%) Credit Risk Analyst
5 6 (6.74%) Developer
5 6 (6.74%) Project Manager
5 6 (6.74%) Risk Analyst
6 5 (5.62%) Accountant
6 5 (5.62%) Oracle Consultant
6 5 (5.62%) SAS Analyst
6 5 (5.62%) SAS Credit Risk Analyst
6 5 (5.62%) SAS Risk Analyst
6 5 (5.62%) Technical Analyst
7 4 (4.49%) Insurance Business Analyst
7 4 (4.49%) SAP Consultant
8 3 (3.37%) Architect
8 3 (3.37%) Financial Analyst
8 3 (3.37%) Programme Manager
Libraries, Frameworks & Software Standards
1 6 (6.74%) XML
2 4 (4.49%) HTML
3 3 (3.37%) .NET
3 3 (3.37%) Oracle Fusion
4 2 (2.25%) .NET Framework
4 2 (2.25%) AngularJS
4 2 (2.25%) ASP.NET Web API
4 2 (2.25%) Entity Framework
4 2 (2.25%) JSON
4 2 (2.25%) KnockoutJS
4 2 (2.25%) Twitter Bootstrap
5 1 (1.12%) HTML5
5 1 (1.12%) Web Services
Miscellaneous
1 15 (16.85%) Credit Risk
2 10 (11.24%) Analytical Skills
3 2 (2.25%) Derivative
3 2 (2.25%) Self-Motivation
4 1 (1.12%) Foreign Exchange (FX)
4 1 (1.12%) Management Information System
4 1 (1.12%) Market Risk
4 1 (1.12%) Reinsurance
Processes & Methodologies
1 19 (21.35%) Stakeholder Management
2 16 (17.98%) Agile Software Development
3 15 (16.85%) Data Governance
4 13 (14.61%) Analytics
5 12 (13.48%) Business Intelligence
5 12 (13.48%) Credit Risk Modelling
5 12 (13.48%) Waterfall
6 11 (12.36%) Data Enrichment
7 10 (11.24%) Data Modelling
7 10 (11.24%) ETL
8 9 (10.11%) Data Analysis
8 9 (10.11%) ERP
9 8 (8.99%) Validation
10 7 (7.87%) Project Management
11 6 (6.74%) Data Architecture
11 6 (6.74%) Data Validation
11 6 (6.74%) Project Delivery
12 5 (5.62%) Business Analytics
12 5 (5.62%) Data Cleansing
12 5 (5.62%) Matrix Organization
Programming Languages
1 10 (11.24%) R
1 10 (11.24%) SQL
2 3 (3.37%) C#
2 3 (3.37%) Java
2 3 (3.37%) VBA
3 2 (2.25%) JavaScript
3 2 (2.25%) Python
4 1 (1.12%) Bash Shell
4 1 (1.12%) PowerShell
Qualifications
1 4 (4.49%) Degree
2 3 (3.37%) CIMA
3 2 (2.25%) CCAB
4 1 (1.12%) CFA
4 1 (1.12%) MBA
4 1 (1.12%) Numerate Degree
Quality Assurance & Compliance
1 20 (22.47%) Solvency II
2 19 (21.35%) IFRS 9
3 15 (16.85%) GDPR
4 6 (6.74%) GAAP
5 3 (3.37%) Basel III
6 2 (2.25%) Data Quality
6 2 (2.25%) FRS 29
6 2 (2.25%) Sarbanes-Oxley
6 2 (2.25%) SLA
7 1 (1.12%) Basel II
7 1 (1.12%) PMO
7 1 (1.12%) QA
Vendors
1 12 (13.48%) Oracle
2 7 (7.87%) SAP
3 2 (2.25%) Microsoft
4 1 (1.12%) Ariba
4 1 (1.12%) Cognos
4 1 (1.12%) Hyperion
4 1 (1.12%) IBM
4 1 (1.12%) PeopleSoft