The table below provides summary statistics for contract job vacancies with a requirement for knowledge and experience of Sophis products and/or services. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Sophis over the 3 months to 29 March 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.

The figures below represent the IT contractor job market in general and are not representative of contractor rates within Misys FusionCapital Sophis.

Sophis
UK
3 months to
29 Mar 2017
Same period 2016 Same period 2015
Rank 594 638 610
Rank change year-on-year +44 -28  
Contract jobs citing Sophis 11 10 15
As % of all contract IT jobs advertised in the UK 0.024% 0.019% 0.028%
As % of the Vendors category 0.055% 0.042% 0.062%
Number of daily rates quoted 7 7 12
Median daily rate £400 £625 £588
Median daily rate % change year-on-year -36.00% +6.38%  
90% offered a daily rate of more than £350 £524 £550
10% offered a daily rate of more than £495 £700 £700
UK excluding London median daily rate - - -
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median hourly rate - - -

Sophis is in the vendor products and services category. The following table is for comparison with the above and provides summary statistics for all vendor product and service related skills in contract job vacancies.

Contract Vendor Product & Service Skills
UK
Contract job vacancies with a requirement for skills associated with vendor products and/or services 19933 23550 24158
As % of all contract IT job vacancies advertised in the UK 44.07% 43.75% 45.20%
Number of daily rates quoted 12320 14319 13673
Median daily rate £425 £400 £400
Median daily rate % change year-on-year +6.25% -  
90% offered a daily rate of more than £250 £250 £230
10% offered a daily rate of more than £575 £553 £550
UK excluding London median daily rate £400 £388 £375
% change year-on-year +3.22% +3.33%  
Number of hourly rates quoted 711 809 1029
Median hourly rate £17.50 £19.50 £17.50
Median hourly rate % change year-on-year -10.23% +11.40%  
90% offered a hourly rate of more than £11.00 £10.73 £11.50
10% offered a hourly rate of more than £47.00 £50.00 £42.50
UK excluding London median hourly rate £16.25 £19.00 £17.00
% change year-on-year -14.47% +11.76%  

Sophis
Job Vacancy Trend

The job posting trend of jobs advertised citing Sophis as a proportion of all contract or permanent IT jobs with a match in the Vendors category.

Job vacancy trend for Sophis in the UK

Sophis
Contractor Daily Rate Trend

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

Contractor daily rate trend for Sophis in the UK

Sophis
Contractor Daily Rate Histogram

The daily rate distribution of IT jobs citing Sophis over the 3 months to 29 March 2017.

Contractor daily rate histogram for Sophis in the UK

Sophis
Contractor Hourly Rate Trend

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

Contractor hourly rate trend for Sophis in the UK

Sophis
Top 2 Contract Locations

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Sophis within the UK over the 3 months to 29 March 2017. The 'Rank Change' column provides an indication of the change in demand within each location based on the same 3 month period last year.

Location Rank Change
on Same Period
Last Year
Matching
Contract
IT Job Ads
Median
Daily Rate
Last 3 Months
Median Daily Rate
% Change
on Same Period
Last Year
Live
Job
Vacancies
England +50 11 £400 -36.00% 4
London +31 10 £400 -36.00% 4

For the 6 months to 29 March 2017, IT contractor jobs citing Sophis 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 Sophis.

1 10 (55.56%) Front Office
2 9 (50.00%) Back Office
2 9 (50.00%) Calypso
3 8 (44.44%) Murex
3 8 (44.44%) Windows
3 8 (44.44%) SQL
4 7 (38.89%) Derivative
4 7 (38.89%) Equity Derivative
5 6 (33.33%) Market Risk
5 6 (33.33%) Relational Database
5 6 (33.33%) Risk Management
5 6 (33.33%) Banking
6 5 (27.78%) Sophis RISQUE
6 5 (27.78%) Investment Banking
6 5 (27.78%) Release Management
6 5 (27.78%) PowerShell
7 4 (22.22%) Misys
8 3 (16.67%) Foreign Exchange (FX)
8 3 (16.67%) JavaScript
8 3 (16.67%) C#
8 3 (16.67%) .NET
8 3 (16.67%) SQL Server
8 3 (16.67%) ASP.NET
8 3 (16.67%) CSS
8 3 (16.67%) Unix
8 3 (16.67%) WinForms
8 3 (16.67%) Fixed Income
8 3 (16.67%) REST
8 3 (16.67%) WPF
8 3 (16.67%) Web Development

Sophis
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 1 (5.56%) Oracle Coherence
1 1 (5.56%) Oracle Workflow
1 1 (5.56%) WebSphere
Applications
1 1 (5.56%) MS Excel
Business Applications
1 5 (27.78%) Sophis RISQUE
2 1 (5.56%) Global One
2 1 (5.56%) SunGard Martini
2 1 (5.56%) Temenos Triple'A Plus
Database & Business Intelligence
1 6 (33.33%) Relational Database
2 3 (16.67%) SQL Server
3 1 (5.56%) Big Data
3 1 (5.56%) Hadoop
3 1 (5.56%) InterSystems Cache
3 1 (5.56%) OLAP
3 1 (5.56%) RDBMS
General
1 10 (55.56%) Front Office
2 9 (50.00%) Back Office
3 6 (33.33%) Banking
4 5 (27.78%) Investment Banking
5 2 (11.11%) Finance
5 2 (11.11%) French Language
6 1 (5.56%) Dutch Language
Job Titles
1 8 (44.44%) Analyst
2 6 (33.33%) Support Analyst
3 5 (27.78%) Developer
4 3 (16.67%) .NET Developer
4 3 (16.67%) C# .NET Developer
4 3 (16.67%) C# Developer
4 3 (16.67%) Sophis Developer
4 3 (16.67%) Technical Analyst
4 3 (16.67%) Technical Support
4 3 (16.67%) Technical Support Analyst
5 2 (11.11%) Applications Support
5 2 (11.11%) Business Analyst
5 2 (11.11%) C# WPF Developer
5 2 (11.11%) Derivatives Business Analyst
5 2 (11.11%) Equity Derivatives Business Analyst
5 2 (11.11%) Pricing Analyst
5 2 (11.11%) Senior Analyst
5 2 (11.11%) Senior Business Analyst
5 2 (11.11%) Senior Pricing Analyst
5 2 (11.11%) WPF Developer
Libraries, Frameworks & Software Standards
1 3 (16.67%) .NET
1 3 (16.67%) ASP.NET
1 3 (16.67%) CSS
1 3 (16.67%) REST
1 3 (16.67%) WinForms
1 3 (16.67%) WPF
2 2 (11.11%) HTML
3 1 (5.56%) FIX Protocol
3 1 (5.56%) Hibernate
3 1 (5.56%) JMS
3 1 (5.56%) JPA
3 1 (5.56%) MDX
3 1 (5.56%) Spring
3 1 (5.56%) Spring Integration
3 1 (5.56%) Web Services
Miscellaneous
1 7 (38.89%) Derivative
1 7 (38.89%) Equity Derivative
2 6 (33.33%) Market Risk
3 3 (16.67%) Fixed Income
3 3 (16.67%) Foreign Exchange (FX)
3 3 (16.67%) Hedge funds
4 2 (11.11%) Analytical Skills
4 2 (11.11%) Exotic Derivative
5 1 (5.56%) Enterprise Software
5 1 (5.56%) Equities
5 1 (5.56%) Grid Computing
5 1 (5.56%) Management Information System
5 1 (5.56%) Virtual Team
Operating Systems
1 8 (44.44%) Windows
2 3 (16.67%) Unix
Processes & Methodologies
1 6 (33.33%) Risk Management
2 5 (27.78%) Release Management
3 3 (16.67%) Web Development
4 2 (11.11%) Systems Analysis
4 2 (11.11%) Workflow
5 1 (5.56%) Agile Software Development
5 1 (5.56%) Analytics
5 1 (5.56%) Black-Scholes
5 1 (5.56%) Change Management
5 1 (5.56%) Electronic Trading
5 1 (5.56%) Greeks
5 1 (5.56%) Incident Management
5 1 (5.56%) Migration
5 1 (5.56%) Monte Carlo Method
5 1 (5.56%) OO
5 1 (5.56%) People Management
5 1 (5.56%) Portfolio Management
5 1 (5.56%) Scrum
5 1 (5.56%) Software Engineering
5 1 (5.56%) Technical Analysis
Programming Languages
1 8 (44.44%) SQL
2 5 (27.78%) PowerShell
3 3 (16.67%) C#
3 3 (16.67%) JavaScript
4 2 (11.11%) C++
4 2 (11.11%) Java
4 2 (11.11%) PL/SQL
5 1 (5.56%) Korn
5 1 (5.56%) Perl
5 1 (5.56%) VB
5 1 (5.56%) VBA
Quality Assurance & Compliance
1 1 (5.56%) SLA
Vendors
1 9 (50.00%) Calypso
2 8 (44.44%) Murex
3 4 (22.22%) Misys
4 2 (11.11%) Bloomberg
4 2 (11.11%) Citrix
4 2 (11.11%) Oracle
4 2 (11.11%) Reuters
5 1 (5.56%) Actuate
5 1 (5.56%) Fidessa
5 1 (5.56%) Solace
5 1 (5.56%) SunGard
5 1 (5.56%) Temenos