Period
to 22 September 2017

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 22 September 2017 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
22 Sep 2017
Same period 2016 Same period 2015
Rank 714 789 825
Rank change year-on-year +75 +36 0
Contract jobs citing IFRS 138 112 81
As % of all contract IT jobs advertised in the UK 0.14% 0.10% 0.071%
As % of the Quality Assurance & Compliance category 1.16% 0.92% 0.60%
Number of daily rates quoted 103 75 48
UK median daily rate £488 £485 £450
Median daily rate % change year-on-year +0.52% +7.78% -
10th Percentile £353 £409 £313
90th Percentile £710 £608 £611
UK excluding London median daily rate £425 £465 £425
% change year-on-year -8.60% +9.41% +17.24%
Number of hourly rates quoted 2 0 0
UK median hourly rate £36.50 - -
UK excluding London median hourly rate £36.50 - -

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 11944 12191 13441
As % of all contract IT jobs advertised in the UK 12.11% 11.34% 11.75%
Number of daily rates quoted 7796 7893 8554
UK median daily rate £438 £413 £400
Median daily rate % change year-on-year +6.06% +3.13% -
10th Percentile £250 £225 £230
90th Percentile £638 £600 £588
UK excluding London median daily rate £400 £375 £375
% change year-on-year +6.67% - +3.45%
Number of hourly rates quoted 367 440 460
UK median hourly rate £21.50 £23.17 £21.55
Median hourly rate % change year-on-year -7.20% +7.51% +7.75%
10th Percentile £10.63 £10.75 £11.00
90th Percentile £48.09 £47.05 £55.08
UK excluding London median hourly rate £20.00 £25.50 £21.55
% change year-on-year -21.57% +18.33% +7.75%

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 22 September 2017.

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 13 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 22 September 2017. 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 +70 133 £488 +0.41% 9
UK excluding London +74 78 £425 -8.60% 2
London +7 58 £583 +8.37% 8
South East +39 26 £413 -2.94%
North of England +86 22 £410 -15.90%
South West +8 17 £475 -1.04%
North West +38 14 £421 -23.41%
Yorkshire +41 8 £410 -4.93%
East of England -1 5 £210 -58.00%
Midlands +25 4 £438 -5.41% 1
Scotland +16 4 £475 - 1
East Midlands -4 3 £444 -
West Midlands +34 1 £300 -35.14% 1

For the 6 months to 22 September 2017, IT contractor jobs citing IFRS also mentioned the following skills in order of popularity. The figures indicate the number co-occurrences and its proportion to all contract ads with a requirement for IFRS.

1 100 (72.46%) Finance
2 85 (61.59%) IFRS 9
3 67 (48.55%) Banking
4 51 (36.96%) SAS
5 33 (23.91%) Retail
5 33 (23.91%) Analytical Skills
6 32 (23.19%) Credit Risk
7 29 (21.01%) Stakeholder Management
8 21 (15.22%) Project Management
8 21 (15.22%) Analytics
9 18 (13.04%) SAP
10 17 (12.32%) Credit Risk Modelling
11 16 (11.59%) Degree
12 15 (10.87%) Retail Banking
12 15 (10.87%) SQL
13 13 (9.42%) Basel II
13 13 (9.42%) Data Modelling
14 12 (8.70%) Mathematics
14 12 (8.70%) Microsoft Excel
15 11 (7.97%) SQL Server
15 11 (7.97%) Risk Management
15 11 (7.97%) User Acceptance Testing
15 11 (7.97%) Test Scripting
16 10 (7.25%) Microsoft PowerPoint
16 10 (7.25%) Risk Analytics
16 10 (7.25%) Investment Banking
16 10 (7.25%) MS Visio
16 10 (7.25%) GAAP
16 10 (7.25%) Numerate Degree
17 9 (6.52%) Stress Testing

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 51 (36.96%) SAS
2 3 (2.17%) Apache Spark
3 1 (0.72%) IIS
3 1 (0.72%) SharePoint
Applications
1 12 (8.70%) Microsoft Excel
2 10 (7.25%) Microsoft PowerPoint
2 10 (7.25%) MS Visio
3 2 (1.45%) Microsoft Office
3 2 (1.45%) Spreadsheet
Business Applications
1 8 (5.80%) SAP FI
2 4 (2.90%) SAP CO
2 4 (2.90%) SAP FI/CO
3 2 (1.45%) SAP ERP
3 2 (1.45%) SAP SD
4 1 (0.72%) Oracle Financials
4 1 (0.72%) SAP FI-AA
4 1 (0.72%) SAP SEM
Communications & Networking
1 3 (2.17%) LAN
1 3 (2.17%) TCP/IP
1 3 (2.17%) WAN
2 2 (1.45%) SMS
Database & Business Intelligence
1 11 (7.97%) SQL Server
2 8 (5.80%) SAS Data Integration Studio
3 6 (4.35%) Base SAS
3 6 (4.35%) SAS Enterprise Guide
4 5 (3.62%) Big Data
4 5 (3.62%) QlikView
5 4 (2.90%) Data Warehouse
5 4 (2.90%) Hadoop
5 4 (2.90%) SAS Visual Analytics
6 3 (2.17%) Apache Hive
6 3 (2.17%) BusinessObjects
7 2 (1.45%) SAS EBI
7 2 (1.45%) SQL Server Integration Services
8 1 (0.72%) Data Mining
Development Applications
1 1 (0.72%) ProC
1 1 (0.72%) Team Foundation Server
General
1 100 (72.46%) Finance
2 67 (48.55%) Banking
3 33 (23.91%) Retail
4 15 (10.87%) Retail Banking
5 10 (7.25%) Investment Banking
6 6 (4.35%) Telecoms
7 3 (2.17%) Corporate Banking
8 2 (1.45%) Back Office
8 2 (1.45%) Billing
8 2 (1.45%) Legal
9 1 (0.72%) Advertising
9 1 (0.72%) Electronics
9 1 (0.72%) French Language
9 1 (0.72%) Manufacturing
9 1 (0.72%) Marketing
Job Titles
1 60 (43.48%) Analyst
2 18 (13.04%) Business Analyst
2 18 (13.04%) Risk Analyst
3 17 (12.32%) Developer
4 16 (11.59%) SAS Developer
5 14 (10.14%) Consultant
5 14 (10.14%) Test Analyst
6 13 (9.42%) Credit Analyst
6 13 (9.42%) Credit Risk Analyst
7 12 (8.70%) Senior Analyst
8 9 (6.52%) Project Manager
9 8 (5.80%) Financial Analyst
9 8 (5.80%) SAP Consultant
10 7 (5.07%) Banking Analyst
10 7 (5.07%) Programme Manager
10 7 (5.07%) SAP FI Consultant
10 7 (5.07%) SAS Analyst
11 5 (3.62%) Finance Business Analyst
11 5 (3.62%) Finance Manager
11 5 (3.62%) Senior Risk Analyst
Libraries, Frameworks & Software Standards
1 3 (2.17%) Middleware
1 3 (2.17%) XML
2 2 (1.45%) .NET
2 2 (1.45%) SAP CO-PA
3 1 (0.72%) .NET Framework
3 1 (0.72%) Entity Framework
Miscellaneous
1 33 (23.91%) Analytical Skills
2 32 (23.19%) Credit Risk
3 3 (2.17%) RIA
4 2 (1.45%) Data Structures
4 2 (1.45%) Equities
4 2 (1.45%) Foreign Exchange (FX)
4 2 (1.45%) Virtual Team
5 1 (0.72%) Fixed Income
Operating Systems
1 4 (2.90%) Linux
1 4 (2.90%) Unix
2 1 (0.72%) Windows
Processes & Methodologies
1 29 (21.01%) Stakeholder Management
2 21 (15.22%) Analytics
2 21 (15.22%) Project Management
3 17 (12.32%) Credit Risk Modelling
4 13 (9.42%) Data Modelling
5 12 (8.70%) Mathematics
6 11 (7.97%) Risk Management
6 11 (7.97%) Test Scripting
6 11 (7.97%) User Acceptance Testing
7 10 (7.25%) Risk Analytics
8 9 (6.52%) Stress Testing
9 8 (5.80%) Business Analysis
9 8 (5.80%) Business Intelligence
9 8 (5.80%) Economics
10 7 (5.07%) Revenue Recognition
10 7 (5.07%) Scenario Testing
10 7 (5.07%) Stakeholder Engagement
10 7 (5.07%) Test Strategy
11 6 (4.35%) ETL
11 6 (4.35%) Validation
Programming Languages
1 15 (10.87%) SQL
2 5 (3.62%) R
3 4 (2.90%) Python
4 3 (2.17%) C#
5 2 (1.45%) Java
5 2 (1.45%) VBA
6 1 (0.72%) PROC SQL
6 1 (0.72%) SAS Macro
6 1 (0.72%) Scala
Qualifications
1 16 (11.59%) Degree
2 10 (7.25%) Numerate Degree
3 6 (4.35%) ACCA
4 5 (3.62%) CIMA
5 3 (2.17%) ISEB
6 2 (1.45%) ISTQB
7 1 (0.72%) PhD
7 1 (0.72%) SAS Certification
Quality Assurance & Compliance
1 85 (61.59%) IFRS 9
2 13 (9.42%) Basel II
3 10 (7.25%) GAAP
4 7 (5.07%) MiFID
4 7 (5.07%) Sarbanes-Oxley
5 3 (2.17%) AIFMD
5 3 (2.17%) FATCA
5 3 (2.17%) IAS 39
5 3 (2.17%) PMO
6 2 (1.45%) Basel III
6 2 (1.45%) COREP
6 2 (1.45%) CRD IV
6 2 (1.45%) Dodd-Frank
6 2 (1.45%) GDPR
7 1 (0.72%) Data Quality
7 1 (0.72%) FINREP
7 1 (0.72%) QA
7 1 (0.72%) Solvency II
Systems Management
1 2 (1.45%) HP Quality Center
Vendors
1 18 (13.04%) SAP
2 4 (2.90%) Oracle
3 3 (2.17%) BT
4 2 (1.45%) HP
4 2 (1.45%) IFS
4 2 (1.45%) Murex
5 1 (0.72%) Hyperion
5 1 (0.72%) Microsoft
5 1 (0.72%) Tableau
5 1 (0.72%) Teradata