Period
to

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 19 May 2022 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
19 May 2022
Same period 2021 Same period 2020
Rank 661 583 552
Rank change year-on-year -78 -31 +197
Contract jobs citing IFRS 164 105 84
As % of all contract jobs advertised in the UK 0.19% 0.18% 0.17%
As % of the Quality Assurance & Compliance category 1.41% 1.50% 1.56%
Number of daily rates quoted 119 64 55
10th Percentile £475 £423 £413
25th Percentile £550 £511 £450
Median daily rate (50th Percentile) £613 £575 £475
Median % change year-on-year +6.52% +21.05% -20.83%
75th Percentile £725 £666 £569
90th Percentile £850 £735 £780
UK excluding London median daily rate £550 £503 £588
% change year-on-year +9.45% -14.47% +22.08%

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 11,642 7,010 5,394
As % of all contract IT jobs advertised in the UK 13.27% 12.17% 11.00%
Number of daily rates quoted 7,979 4,698 3,392
10th Percentile £300 £263 £250
25th Percentile £405 £368 £350
Median daily rate (50th Percentile) £515 £475 £450
Median % change year-on-year +8.42% +5.56% -
75th Percentile £625 £575 £556
90th Percentile £713 £656 £638
UK excluding London median daily rate £450 £425 £425
% change year-on-year +5.88% - -
Number of hourly rates quoted 310 294 234
10th Percentile £12.02 £11.36 £13.03
25th Percentile £16.50 £14.25 £17.27
Median hourly rate £31.00 £21.00 £23.00
Median % change year-on-year +47.62% -8.70% +10.84%
75th Percentile £50.58 £38.75 £47.50
90th Percentile £69.05 £52.50 £53.00
UK excluding London median hourly rate £22.50 £21.00 £22.50
% change year-on-year +7.14% -6.67% +11.14%

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 19 May 2022.

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 12 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 19 May 2022. 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
Jobs
England -67 152 £613 +6.52% 19
London -70 125 £625 +8.70% 17
Work from Home -96 73 £600 +9.09% 9
UK excluding London -61 24 £550 +9.45% 3
South East -37 10 £613 +18.07%
Midlands - 5 £150 - 1
West Midlands - 5 £150 - 1
Yorkshire - 4 £425 -
North of England - 4 £425 -
Scotland -12 3 £550 +14.58% 1
East of England -29 1 - -
South West -38 1 - - 1

For the 6 months to 19 May 2022, 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.

1 120 (73.17%) Finance
2 99 (60.37%) IFRS 17
3 40 (24.39%) Agile
4 35 (21.34%) Banking
5 34 (20.73%) Data Modelling
6 32 (19.51%) SQL
7 30 (18.29%) Solvency II
7 30 (18.29%) Social Skills
8 29 (17.68%) Business Analysis
9 26 (15.85%) Data Warehouse
10 24 (14.63%) Analytical Skills
11 23 (14.02%) SAP
12 22 (13.41%) GAAP
13 20 (12.20%) Derivative
13 20 (12.20%) Fixed Income
13 20 (12.20%) Functional Testing
14 18 (10.98%) IFRS 9
15 17 (10.37%) Stakeholder Management
15 17 (10.37%) Data Analysis
15 17 (10.37%) Influencing Skills
16 16 (9.76%) ETL
17 15 (9.15%) Foreign Exchange (FX)
17 15 (9.15%) SQL Server
17 15 (9.15%) User Acceptance Testing
18 14 (8.54%) Root Cause Analysis
18 14 (8.54%) FRS 29
19 12 (7.32%) Microsoft Excel
19 12 (7.32%) Logical Data Model
20 11 (6.71%) Test Scripting
20 11 (6.71%) ERP

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 6 (3.66%) SAS
2 3 (1.83%) Apache Spark
Applications
1 12 (7.32%) Microsoft Excel
2 5 (3.05%) MS Visio
3 2 (1.22%) Microsoft Office
3 2 (1.22%) Microsoft PowerPoint
4 1 (0.61%) Spreadsheet
Business Applications
1 7 (4.27%) SAP S/4HANA
2 4 (2.44%) Sparx Enterprise Architect
3 3 (1.83%) SAP FI-GL
3 3 (1.83%) Sentinel
4 2 (1.22%) Oracle Financials
4 2 (1.22%) SAP CO
4 2 (1.22%) SAP ERP
4 2 (1.22%) SAP FI
4 2 (1.22%) SAP FI/CO
5 1 (0.61%) HFM
5 1 (0.61%) Oracle Applications
5 1 (0.61%) Oracle Assets
5 1 (0.61%) Oracle Cash Management
5 1 (0.61%) Oracle ERP
5 1 (0.61%) Oracle Receivables
5 1 (0.61%) SAP BPC
5 1 (0.61%) SAP R/3
Cloud Services
1 8 (4.88%) Azure
2 7 (4.27%) AWS
3 4 (2.44%) Power Platform
4 3 (1.83%) dbt
4 3 (1.83%) Snowflake
5 1 (0.61%) Fivetran
5 1 (0.61%) GCP
5 1 (0.61%) PowerApps
Communications & Networking
1 1 (0.61%) FTP
Database & Business Intelligence
1 26 (15.85%) Data Warehouse
2 15 (9.15%) SQL Server
3 5 (3.05%) Base SAS
3 5 (3.05%) SQL Server Reporting Services
4 4 (2.44%) Apache Hive
4 4 (2.44%) Big Data
4 4 (2.44%) Power BI
4 4 (2.44%) Tableau
5 3 (1.83%) DB2
5 3 (1.83%) RDBMS
5 3 (1.83%) Relational Database
5 3 (1.83%) SAP HANA
5 3 (1.83%) SAS EBI
5 3 (1.83%) SAS Enterprise Guide
6 2 (1.22%) Azure SQL Data Warehouse
6 2 (1.22%) SAS Data Integration Studio
7 1 (0.61%) QlikView
7 1 (0.61%) SAP BW
7 1 (0.61%) SQL Server Analysis Services
7 1 (0.61%) WhereScape RED
Development Applications
1 2 (1.22%) Eclipse
2 1 (0.61%) JIRA
General
1 120 (73.17%) Finance
2 35 (21.34%) Banking
3 30 (18.29%) Social Skills
4 24 (14.63%) Analytical Skills
5 17 (10.37%) Influencing Skills
6 9 (5.49%) Back Office
7 8 (4.88%) Legal
8 7 (4.27%) General Ledger
9 4 (2.44%) Inclusion and Diversity
9 4 (2.44%) Retail
10 3 (1.83%) Presentation Skills
11 1 (0.61%) Advertising
11 1 (0.61%) Corporate Banking
11 1 (0.61%) Front Office
11 1 (0.61%) Investment Banking
11 1 (0.61%) Organisational Skills
11 1 (0.61%) Telecoms
Job Titles
1 60 (36.59%) Analyst
2 32 (19.51%) Business Analyst
3 19 (11.59%) Accountant
4 18 (10.98%) Consultant
5 17 (10.37%) Data Analyst
5 17 (10.37%) Project Accountant
5 17 (10.37%) Project Analyst
6 13 (7.93%) Developer
6 13 (7.93%) Transformation Consultant
7 12 (7.32%) Project Manager
8 10 (6.10%) Data Modeller
8 10 (6.10%) Derivatives Business Analyst
8 10 (6.10%) Financial Analyst
8 10 (6.10%) Fixed Income Business Analyst
9 9 (5.49%) Insurance Business Analyst
10 8 (4.88%) Data Business Analyst
10 8 (4.88%) Data Engineer
10 8 (4.88%) Test Analyst
10 8 (4.88%) Test Manager
11 6 (3.66%) SQL Data Analyst
Libraries, Frameworks & Software Standards
1 2 (1.22%) Oracle Fusion
2 1 (0.61%) PySpark
Miscellaneous
1 20 (12.20%) Derivative
1 20 (12.20%) Fixed Income
2 15 (9.15%) Foreign Exchange (FX)
3 9 (5.49%) Credit Risk
4 3 (1.83%) Enterprise Software
4 3 (1.83%) Equities
4 3 (1.83%) Management Information System
4 3 (1.83%) Reinsurance
5 2 (1.22%) Data Structures
6 1 (0.61%) CMDB
6 1 (0.61%) Private Cloud
6 1 (0.61%) Self-Motivation
Operating Systems
1 1 (0.61%) Linux
Processes & Methodologies
1 40 (24.39%) Agile
2 34 (20.73%) Data Modelling
3 29 (17.68%) Business Analysis
4 20 (12.20%) Functional Testing
5 17 (10.37%) Data Analysis
5 17 (10.37%) Stakeholder Management
6 16 (9.76%) ETL
7 15 (9.15%) User Acceptance Testing
8 14 (8.54%) Root Cause Analysis
9 12 (7.32%) Logical Data Model
10 11 (6.71%) ERP
10 11 (6.71%) Test Scripting
11 10 (6.10%) Analytics
11 10 (6.10%) Business Intelligence
11 10 (6.10%) Requirements Gathering
12 9 (5.49%) Test Strategy
13 8 (4.88%) Data Architecture
13 8 (4.88%) Project Management
14 7 (4.27%) DevOps
14 7 (4.27%) Risk Management
Programming Languages
1 32 (19.51%) SQL
2 5 (3.05%) Python
2 5 (3.05%) T-SQL
3 3 (1.83%) SAS Macro
3 3 (1.83%) Scala
4 1 (0.61%) VB
Qualifications
1 8 (4.88%) Degree
2 7 (4.27%) ACCA
3 4 (2.44%) CIMA
3 4 (2.44%) Numerate Degree
4 3 (1.83%) APMG
4 3 (1.83%) IIBA
4 3 (1.83%) ISEB
4 3 (1.83%) ISTQB Foundation Certification
5 2 (1.22%) PMP
5 2 (1.22%) Security Cleared
6 1 (0.61%) Master's Degree
6 1 (0.61%) PhD
Quality Assurance & Compliance
1 99 (60.37%) IFRS 17
2 30 (18.29%) Solvency II
3 22 (13.41%) GAAP
4 18 (10.98%) IFRS 9
5 14 (8.54%) FRS 29
6 6 (3.66%) QA
7 5 (3.05%) PMO
8 3 (1.83%) Actionable Recommendations
8 3 (1.83%) COREP
8 3 (1.83%) CRD IV
8 3 (1.83%) Data Quality
8 3 (1.83%) FINREP
9 2 (1.22%) Sarbanes-Oxley
10 1 (0.61%) Basel III
10 1 (0.61%) MiFID
Vendors
1 23 (14.02%) SAP
2 8 (4.88%) Oracle
3 4 (2.44%) CODA
4 3 (1.83%) Alteryx
4 3 (1.83%) Charles River
4 3 (1.83%) Microsoft
4 3 (1.83%) Teradata
5 2 (1.22%) Informatica
5 2 (1.22%) Talend
6 1 (0.61%) CA