Period
to 3 August 2021

The following table provides summary statistics for permanent job vacancies with a requirement for IFRS skills. Included is a benchmarking guide to the salaries offered in vacancies that have cited IFRS over the 6 months to 3 August 2021 with a comparison to the same period in the previous 2 years.

International Financial Reporting Standards (IFRS)
UK
6 months to
3 Aug 2021
Same period 2020 Same period 2019
Rank 937 775 1070
Rank change year-on-year -162 +295 +38
Permanent jobs citing IFRS 60 21 39
As % of all permanent jobs advertised in the UK 0.053% 0.031% 0.027%
As % of the Quality Assurance & Compliance category 0.37% 0.24% 0.19%
Number of salaries quoted 39 15 31
10th Percentile £48,850 £32,750 £32,500
25th Percentile £65,000 £48,125 £67,500
Median annual salary (50th Percentile) £72,500 £65,000 £87,500
Median % change year-on-year +11.54% -25.71% +40.00%
75th Percentile £87,750 £71,875 £93,750
90th Percentile £89,250 £75,000 "
UK excluding London median annual salary £61,250 £50,000 £35,000
% change year-on-year +22.50% +42.86% -22.22%

IFRS is in the Quality Assurance and Compliance category. The following table is for comparison with the above and provides summary statistics for all permanent job vacancies with a requirement for quality assurance or compliance skills.

All Quality Assurance and Compliance Skills
UK
Permanent vacancies with a requirement for quality assurance or compliance skills 16,371 8,667 20,227
As % of all permanent IT jobs advertised in the UK 14.44% 12.87% 14.03%
Number of salaries quoted 10,151 6,672 15,052
10th Percentile £31,250 £30,025 £28,250
25th Percentile £40,500 £40,000 £37,500
Median annual salary (50th Percentile) £54,000 £52,500 £50,000
Median % change year-on-year +2.86% +5.00% -
75th Percentile £71,250 £70,000 £67,500
90th Percentile £87,500 £85,000 £83,750
UK excluding London median annual salary £47,500 £47,500 £45,000
% change year-on-year - +5.56% -

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
Salary Trend

3-month moving average salary quoted in jobs citing IFRS.

Salary trend for IFRS in the UK

IFRS
Salary Histogram

Salary distribution for jobs citing IFRS over the 6 months to 3 August 2021.

Salary histogram for IFRS in the UK

IFRS
Top 13 Job Locations

The table below looks at the demand and provides a guide to the median salaries quoted in IT jobs citing IFRS within the UK over the 6 months to 3 August 2021. 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
Permanent
IT Job Ads
Median Salary
Past 6 Months
Median Salary
% Change
on Same Period
Last Year
Live
Job
Vacancies
England -124 56 £72,500 +11.54% 21
London -95 46 £72,500 +11.11% 17
UK excluding London -134 11 £61,250 +22.50% 3
Work from Home -244 9 £77,500 -8.82% 4
South East -84 4 £65,000 +23.81% 1
East Midlands -43 2 £62,500 -7.41%
Midlands -75 2 £62,500 -7.41% 1
Wales -23 1 £57,500 +21.05%
East of England -41 1 - -
Yorkshire -65 1 - -
North of England -66 1 - -
Scotland -67 1 - -
South West - 1 - - 1

For the 6 months to 3 August 2021, IT 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 permanent job ads with a requirement for IFRS.

1 58 (96.67%) Finance
2 24 (40.00%) Solvency II
3 21 (35.00%) Agile Software Development
4 15 (25.00%) KYC
5 14 (23.33%) Social Skills
6 11 (18.33%) Credit Risk
7 10 (16.67%) User Acceptance Testing
7 10 (16.67%) Migration
7 10 (16.67%) IFRS 9
7 10 (16.67%) Target Operating Model
8 9 (15.00%) SQL
8 9 (15.00%) SAP
8 9 (15.00%) Microsoft Excel
8 9 (15.00%) Banking
9 8 (13.33%) Microsoft PowerPoint
9 8 (13.33%) MiFID
9 8 (13.33%) System Testing
9 8 (13.33%) ACCA
10 7 (11.67%) Project Delivery
10 7 (11.67%) Stakeholder Management
10 7 (11.67%) Mathematics
11 6 (10.00%) Investment Banking
11 6 (10.00%) Relational Database
12 5 (8.33%) Degree
12 5 (8.33%) CIMA
12 5 (8.33%) Internet
12 5 (8.33%) Oracle
13 4 (6.67%) VBA
13 4 (6.67%) Risk Management
13 4 (6.67%) Data Management

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 3 (5.00%) SAS
2 1 (1.67%) SharePoint
Applications
1 9 (15.00%) Microsoft Excel
2 8 (13.33%) Microsoft PowerPoint
3 2 (3.33%) Microsoft Office
4 1 (1.67%) Spreadsheet
Business Applications
1 4 (6.67%) SAP S/4HANA
2 2 (3.33%) SAP BRIM
3 1 (1.67%) HFM
3 1 (1.67%) Oracle EBS
3 1 (1.67%) Oracle General Ledger
3 1 (1.67%) Oracle Subledger Accounting
3 1 (1.67%) SAP BPC
3 1 (1.67%) SAP CO
3 1 (1.67%) SAP ERP
3 1 (1.67%) SAP FI
3 1 (1.67%) SAP FI/CO
Cloud Services
1 1 (1.67%) Dynamics 365
1 1 (1.67%) Microsoft 365
Communications & Networking
1 5 (8.33%) Internet
2 1 (1.67%) 5G
Database & Business Intelligence
1 6 (10.00%) Relational Database
2 2 (3.33%) BusinessObjects
2 2 (3.33%) Metadata
2 2 (3.33%) SAP HANA
3 1 (1.67%) Data Mart
3 1 (1.67%) Essbase
3 1 (1.67%) Oracle BI EE
3 1 (1.67%) Oracle Reports
3 1 (1.67%) SQL Server Reporting Services
Development Applications
1 2 (3.33%) JIRA
1 2 (3.33%) Zephyr
General
1 58 (96.67%) Finance
2 14 (23.33%) Social Skills
3 9 (15.00%) Banking
4 6 (10.00%) Investment Banking
5 4 (6.67%) Analytical Skills
6 3 (5.00%) Presentation Skills
6 3 (5.00%) Telecoms
7 2 (3.33%) General Ledger
7 2 (3.33%) Legal
8 1 (1.67%) Financial Institution
8 1 (1.67%) Local Government
8 1 (1.67%) Manufacturing
8 1 (1.67%) Wholesale Banking
Job Titles
1 27 (45.00%) Analyst
2 18 (30.00%) Business Analyst
3 16 (26.67%) Regulatory Business Analyst
4 12 (20.00%) Risk Analyst
5 9 (15.00%) Consultant
5 9 (15.00%) Product Owner
5 9 (15.00%) Senior Analyst
6 8 (13.33%) Business Change Analyst
6 8 (13.33%) Business Change Business Analyst
6 8 (13.33%) Insurance Business Analyst
6 8 (13.33%) Investment Banking Business Analyst
6 8 (13.33%) Product Analyst
6 8 (13.33%) Product Business Analyst
6 8 (13.33%) Risk Business Analyst
6 8 (13.33%) Senior Business Analyst
6 8 (13.33%) Senior Investment Banking Business Analyst
7 7 (11.67%) Financial Analyst
8 5 (8.33%) Service Analyst
9 4 (6.67%) Governance Analyst
10 2 (3.33%) Test Leader
Libraries, Frameworks & Software Standards
1 2 (3.33%) SAP Fiori
Miscellaneous
1 11 (18.33%) Credit Risk
2 2 (3.33%) Reinsurance
2 2 (3.33%) User Experience
3 1 (1.67%) Foreign Exchange (FX)
3 1 (1.67%) SWIFT
Processes & Methodologies
1 21 (35.00%) Agile Software Development
2 15 (25.00%) KYC
3 10 (16.67%) Migration
3 10 (16.67%) Target Operating Model
3 10 (16.67%) User Acceptance Testing
4 8 (13.33%) System Testing
5 7 (11.67%) Mathematics
5 7 (11.67%) Project Delivery
5 7 (11.67%) Stakeholder Management
6 4 (6.67%) Analytics
6 4 (6.67%) Data Management
6 4 (6.67%) Risk Management
7 3 (5.00%) Artificial Intelligence
7 3 (5.00%) Business Analysis
7 3 (5.00%) Coaching
7 3 (5.00%) Contract Management
7 3 (5.00%) Project Management
8 2 (3.33%) Decision-Making
8 2 (3.33%) Problem-Solving
8 2 (3.33%) Sprint Review
Programming Languages
1 9 (15.00%) SQL
2 4 (6.67%) VBA
3 3 (5.00%) Python
4 1 (1.67%) ABAP
4 1 (1.67%) Java
4 1 (1.67%) R
Qualifications
1 8 (13.33%) ACCA
2 5 (8.33%) CIMA
2 5 (8.33%) Degree
3 2 (3.33%) Master's Degree
4 1 (1.67%) CCAB
4 1 (1.67%) CIPFA
4 1 (1.67%) Numerate Degree
4 1 (1.67%) PMI Certification
4 1 (1.67%) PMP
4 1 (1.67%) Postgraduate
4 1 (1.67%) PRINCE2 Certification
4 1 (1.67%) SC Cleared
4 1 (1.67%) Security Cleared
Quality Assurance & Compliance
1 24 (40.00%) Solvency II
2 10 (16.67%) IFRS 9
3 8 (13.33%) MiFID
4 3 (5.00%) Sarbanes-Oxley
5 1 (1.67%) Data Quality
5 1 (1.67%) GAAP
5 1 (1.67%) QA
Vendors
1 9 (15.00%) SAP
2 5 (8.33%) Oracle
3 3 (5.00%) Microsoft
4 1 (1.67%) Anaplan
4 1 (1.67%) Concur
4 1 (1.67%) PeopleSoft
4 1 (1.67%) Progress
4 1 (1.67%) Workday