Period
to

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 8 August 2022 with a comparison to the same period in the previous 2 years.

International Financial Reporting Standards (IFRS)
UK
6 months to
8 Aug 2022
Same period 2021 Same period 2020
Rank 1108 950 772
Rank change year-on-year -158 -178 +314
Permanent jobs citing IFRS 119 61 21
As % of all permanent jobs advertised in the UK 0.070% 0.054% 0.032%
As % of the Quality Assurance & Compliance category 0.39% 0.37% 0.25%
Number of salaries quoted 71 40 16
10th Percentile £42,500 £48,925 £34,375
25th Percentile £66,250 £66,250 £49,063
Median annual salary (50th Percentile) £75,000 £72,500 £65,000
Median % change year-on-year +3.45% +11.54% -24.64%
75th Percentile £85,000 £87,000 £71,563
90th Percentile £132,500 £89,250 £75,000
UK excluding London median annual salary £68,897 £61,250 £50,000
% change year-on-year +12.48% +22.50% +42.86%

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 30,134 16,540 8,348
As % of all permanent IT jobs advertised in the UK 17.64% 14.51% 12.82%
Number of salaries quoted 13,939 10,220 6,437
10th Percentile £31,231 £31,250 £30,500
25th Percentile £41,250 £40,500 £40,000
Median annual salary (50th Percentile) £55,000 £53,875 £52,500
Median % change year-on-year +2.09% +2.62% +5.00%
75th Percentile £73,750 £71,250 £70,000
90th Percentile £90,000 £87,500 £85,000
UK excluding London median annual salary £50,000 £47,500 £47,500
% change year-on-year +5.26% - +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 8 August 2022.

Salary histogram for IFRS in the UK

IFRS
Top 11 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 8 August 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
Permanent
IT Job Ads
Median Salary
Past 6 Months
Median Salary
% Change
on Same Period
Last Year
Live
Jobs
England -167 92 £80,000 +10.34% 22
London -155 85 £80,000 +10.34% 18
Work from Home -159 67 £70,000 -9.68% 8
UK excluding London -103 16 £68,897 +12.48% 4
Scotland -31 9 £75,000 -
South East -55 2 £45,000 -30.77% 1
East of England -67 2 - - 1
Wales -17 1 £70,000 +21.74%
Yorkshire -22 1 £48,829 -
South West -22 1 £58,496 -
North of England -64 1 £48,829 - 1

For the 6 months to 8 August 2022, 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 97 (81.51%) Finance
2 81 (68.07%) IFRS 9
3 75 (63.03%) Credit Risk
4 56 (47.06%) SAS
5 51 (42.86%) SQL
6 47 (39.50%) Stress Testing
7 40 (33.61%) Coaching
8 37 (31.09%) Validation
9 35 (29.41%) Mathematics
10 33 (27.73%) Data Management
10 33 (27.73%) Model Validation
11 30 (25.21%) Banking
12 27 (22.69%) Data Quality
13 26 (21.85%) Analytical Skills
14 25 (21.01%) Credit Risk Modelling
15 23 (19.33%) Risk Management
15 23 (19.33%) Microsoft Excel
15 23 (19.33%) Social Skills
16 22 (18.49%) IFRS 17
16 22 (18.49%) Python
17 21 (17.65%) Analytics
18 19 (15.97%) Credit Risk Management
19 18 (15.13%) Strategic Management
19 18 (15.13%) Technical Analysis
19 18 (15.13%) Portfolio Management
20 17 (14.29%) Risk Analytics
21 16 (13.45%) Market Risk
21 16 (13.45%) Computer Science
21 16 (13.45%) VBA
22 15 (12.61%) PhD

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 56 (47.06%) SAS
2 1 (0.84%) Apache
2 1 (0.84%) Apache Spark
Applications
1 23 (19.33%) Microsoft Excel
2 15 (12.61%) Microsoft PowerPoint
3 5 (4.20%) Microsoft Office
Business Applications
1 6 (5.04%) SAP S/4HANA
2 3 (2.52%) Dynamics NAV
3 2 (1.68%) SAP CO
3 2 (1.68%) SAP FI
3 2 (1.68%) SAP FI/CO
4 1 (0.84%) HFM
4 1 (0.84%) Hyperion Planning
4 1 (0.84%) Oracle Assets
4 1 (0.84%) Oracle Payables
4 1 (0.84%) Oracle Receivables
4 1 (0.84%) SAP BPC
Cloud Services
1 11 (9.24%) Power Platform
2 5 (4.20%) Azure
3 3 (2.52%) AWS
3 3 (2.52%) Microsoft 365
3 3 (2.52%) Snowflake
4 2 (1.68%) Amazon SageMaker
4 2 (1.68%) GitHub
5 1 (0.84%) Azure Data Factory
Communications & Networking
1 5 (4.20%) Internet
Database & Business Intelligence
1 15 (12.61%) Relational Database
2 11 (9.24%) Power BI
3 10 (8.40%) Metadata
4 3 (2.52%) Big Data
5 2 (1.68%) Apache Hive
5 2 (1.68%) Oracle Reports
6 1 (0.84%) Data Lake
6 1 (0.84%) Data Mart
6 1 (0.84%) MS Access
6 1 (0.84%) SAP BW
6 1 (0.84%) SAS EBI
6 1 (0.84%) SQL Server
6 1 (0.84%) Tableau
Development Applications
1 1 (0.84%) Oracle Forms
1 1 (0.84%) SQL Server Management Studio (SSMS)
General
1 97 (81.51%) Finance
2 30 (25.21%) Banking
3 26 (21.85%) Analytical Skills
4 23 (19.33%) Social Skills
5 15 (12.61%) Investment Banking
6 6 (5.04%) Retail
7 3 (2.52%) Wholesale Banking
8 2 (1.68%) Legal
8 2 (1.68%) Pharmaceutical
8 2 (1.68%) Presentation Skills
9 1 (0.84%) Advertising
9 1 (0.84%) Financial Institution
9 1 (0.84%) Games
9 1 (0.84%) General Ledger
9 1 (0.84%) Retail Finance
Job Titles
1 56 (47.06%) Analyst
2 23 (19.33%) Consultant
3 21 (17.65%) Financial Analyst
3 21 (17.65%) Service Analyst
4 19 (15.97%) Developer
5 18 (15.13%) Insight Analyst
5 18 (15.13%) Portfolio Analyst
6 16 (13.45%) Functional Consultant
6 16 (13.45%) Risk Manager
7 15 (12.61%) Business Analyst
7 15 (12.61%) Business Consultant
7 15 (12.61%) Credit Risk Manager
7 15 (12.61%) Finance Business Analyst
7 15 (12.61%) Financial Business Analyst
7 15 (12.61%) Financial Services Business Analyst
7 15 (12.61%) Insurance Business Analyst
7 15 (12.61%) Senior Analyst
8 14 (11.76%) Implementation Manager
9 13 (10.92%) Python Developer
9 13 (10.92%) Senior C++ Developer
Libraries, Frameworks & Software Standards
1 13 (10.92%) scikit-learn
1 13 (10.92%) SciPy
1 13 (10.92%) TensorFlow
2 3 (2.52%) Micronaut
2 3 (2.52%) React
2 3 (2.52%) Spring
2 3 (2.52%) Spring Boot
3 2 (1.68%) LightGBM
4 1 (0.84%) SAP Fiori
Miscellaneous
1 75 (63.03%) Credit Risk
2 16 (13.45%) Market Risk
3 13 (10.92%) Derivative
3 13 (10.92%) Equities
3 13 (10.92%) Fixed Income
4 5 (4.20%) Management Information System
5 3 (2.52%) Algorithms
6 1 (0.84%) Greenfield Project
6 1 (0.84%) Public Cloud
Operating Systems
1 13 (10.92%) Linux
2 2 (1.68%) Windows
Processes & Methodologies
1 47 (39.50%) Stress Testing
2 40 (33.61%) Coaching
3 37 (31.09%) Validation
4 35 (29.41%) Mathematics
5 33 (27.73%) Data Management
5 33 (27.73%) Model Validation
6 25 (21.01%) Credit Risk Modelling
7 23 (19.33%) Risk Management
8 21 (17.65%) Analytics
9 19 (15.97%) Credit Risk Management
10 18 (15.13%) Portfolio Management
10 18 (15.13%) Strategic Management
10 18 (15.13%) Technical Analysis
11 17 (14.29%) Risk Analytics
12 16 (13.45%) Computer Science
13 15 (12.61%) Code Optimisation
13 15 (12.61%) Machine Learning
13 15 (12.61%) Problem-Solving
13 15 (12.61%) System Testing
14 14 (11.76%) Credit Risk Analysis
Programming Languages
1 51 (42.86%) SQL
2 22 (18.49%) Python
3 16 (13.45%) VBA
4 13 (10.92%) C++
5 3 (2.52%) Java
5 3 (2.52%) JavaScript
5 3 (2.52%) Shell Script
6 2 (1.68%) R
7 1 (0.84%) ABAP
Qualifications
1 15 (12.61%) PhD
2 14 (11.76%) Degree
3 4 (3.36%) ACCA
4 3 (2.52%) CIMA
4 3 (2.52%) Computer Science Degree
5 1 (0.84%) APMG
5 1 (0.84%) CCA
5 1 (0.84%) ISTQB
5 1 (0.84%) PRINCE2 Practitioner
5 1 (0.84%) Security Cleared
Quality Assurance & Compliance
1 81 (68.07%) IFRS 9
2 27 (22.69%) Data Quality
3 22 (18.49%) IFRS 17
4 9 (7.56%) Solvency II
5 7 (5.88%) GAAP
6 1 (0.84%) CRD IV
6 1 (0.84%) Dodd-Frank
6 1 (0.84%) FATCA
6 1 (0.84%) GDPR
6 1 (0.84%) QA
System Software
1 2 (1.68%) Docker
Systems Management
1 3 (2.52%) Kubernetes
Vendors
1 6 (5.04%) SAP
2 5 (4.20%) Ab Initio
2 5 (4.20%) Hyperion
2 5 (4.20%) MicroStrategy
2 5 (4.20%) Oracle
3 3 (2.52%) Alteryx
3 3 (2.52%) Anaplan
3 3 (2.52%) Microsoft
4 1 (0.84%) Databricks