International Financial Reporting Standards (IFRS)
UK

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 16 May 2024 with a comparison to the same period in the previous 2 years.

6 months to
16 May 2024
Same period 2023 Same period 2022
Rank 518 643 686
Rank change year-on-year +125 +43 -112
Contract jobs citing IFRS 58 41 163
As % of all contract jobs advertised in the UK 0.14% 0.072% 0.19%
As % of the Quality Assurance & Compliance category 0.96% 0.54% 1.41%
Number of daily rates quoted 29 24 118
10th Percentile £475 £465 £475
25th Percentile £513 £559 £550
Median daily rate (50th Percentile) £600 £700 £606
Median % change year-on-year -14.29% +15.46% +5.43%
75th Percentile - £756 £724
90th Percentile £700 £775 £850
UK excluding London median daily rate £588 £370 £550
% change year-on-year +58.78% -32.73% +9.45%

All Quality Assurance and Compliance Skills
UK

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.

Contract vacancies with a requirement for quality assurance or compliance skills 6,042 7,608 11,576
As % of all contract IT jobs advertised in the UK 14.20% 13.36% 13.24%
Number of daily rates quoted 3,843 5,204 7,919
10th Percentile £282 £281 £300
25th Percentile £405 £413 £404
Median daily rate (50th Percentile) £510 £525 £513
Median % change year-on-year -2.86% +2.31% +8.03%
75th Percentile £625 £638 £625
90th Percentile £750 £743 £713
UK excluding London median daily rate £484 £480 £450
% change year-on-year +0.83% +6.56% +5.88%
Number of hourly rates quoted 380 236 309
10th Percentile £10.95 £13.29 £12.02
25th Percentile £13.18 £18.74 £17.00
Median hourly rate £21.06 £35.00 £32.50
Median % change year-on-year -39.84% +7.69% +54.76%
75th Percentile £45.00 £62.00 £50.00
90th Percentile £68.75 £77.50 £69.05
UK excluding London median hourly rate £18.27 £32.94 £22.50
% change year-on-year -44.54% +46.41% +7.14%

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 16 May 2024.

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 16 May 2024. 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 +134 55 £600 -14.29% 77
UK excluding London +74 30 £588 +58.78% 28
Work from Home +133 24 £600 +4.35% 119
London +98 23 £589 -15.93% 49
South East +34 23 £600 +72.66% 9
Scotland +36 2 £415 -27.83% 2
Midlands +24 2 £650 - 3
East of England - 2 £550 - 4
West Midlands +25 1 - - 1
East Midlands +11 1 £650 - 2
Yorkshire - 1 £525 - 3
North of England - 1 £525 - 6

IFRS
Co-occurring Skills and Capabilities by Category

The follow tables expand on the table above by listing co-occurrences grouped by category. The same employment type, locality and period is covered with up to 20 co-occurrences shown in each of the following categories:

Application Platforms
1 8 (13.79%) SAS
2 2 (3.45%) Confluence
Applications
1 1 (1.72%) Microsoft Excel
1 1 (1.72%) Spreadsheet
Business Applications
1 2 (3.45%) SAP SD
2 1 (1.72%) SAP CO
2 1 (1.72%) SAP FI
2 1 (1.72%) SAP FI/CO
2 1 (1.72%) SAP FSCM
Cloud Services
1 4 (6.90%) Azure
2 3 (5.17%) Azure DevOps
2 3 (5.17%) Snowflake
3 1 (1.72%) Amazon CloudWatch
3 1 (1.72%) Amazon EC2
3 1 (1.72%) Amazon S3
3 1 (1.72%) AWS
3 1 (1.72%) Dynamics 365
3 1 (1.72%) GCP
3 1 (1.72%) Google Workspace
3 1 (1.72%) Power Platform
3 1 (1.72%) Virtual Private Cloud
Database & Business Intelligence
1 5 (8.62%) Data Warehouse
2 2 (3.45%) SQL Server
2 2 (3.45%) SQL Server Analysis Services
2 2 (3.45%) SQL Server Integration Services
3 1 (1.72%) Amazon RDS
3 1 (1.72%) Oracle Database
3 1 (1.72%) Power BI
3 1 (1.72%) SAP HANA
Development Applications
1 3 (5.17%) Eclipse
2 2 (3.45%) JIRA
General
1 51 (87.93%) Finance
2 7 (12.07%) Analytical Skills
2 7 (12.07%) Banking
2 7 (12.07%) Social Skills
3 5 (8.62%) Retail
4 4 (6.90%) Presentation Skills
4 4 (6.90%) Telecoms
5 3 (5.17%) General Ledger
6 2 (3.45%) Financial Institution
6 2 (3.45%) Public Sector
7 1 (1.72%) Corporate Banking
7 1 (1.72%) Inclusion and Diversity
7 1 (1.72%) Manufacturing
Job Titles
1 17 (29.31%) Analyst
2 11 (18.97%) Financial Analyst
3 9 (15.52%) Consultant
3 9 (15.52%) SAP Consultant
4 7 (12.07%) Data Modeller
5 6 (10.34%) Finance Manager
5 6 (10.34%) Project Manager
6 4 (6.90%) Finance Project Manager
7 3 (5.17%) Developer
7 3 (5.17%) Functional Analyst
7 3 (5.17%) Report Analyst
7 3 (5.17%) SAS Modeller
8 2 (3.45%) Architect
8 2 (3.45%) Business Analyst
8 2 (3.45%) Credit Risk Modeller
8 2 (3.45%) Data Engineer
8 2 (3.45%) SAS Developer
8 2 (3.45%) Senior
8 2 (3.45%) Solutions Architect
9 1 (1.72%) Analytics Manager
Miscellaneous
1 10 (17.24%) Credit Risk
2 4 (6.90%) Derivative
2 4 (6.90%) Equities
3 3 (5.17%) Reinsurance
4 1 (1.72%) Clustering
4 1 (1.72%) Replication
Processes & Methodologies
1 13 (22.41%) Analytics
2 12 (20.69%) Data Modelling
3 10 (17.24%) Revenue Recognition
4 9 (15.52%) Stress Testing
5 8 (13.79%) Data Analysis
6 7 (12.07%) Project Management
7 6 (10.34%) Portfolio Management
7 6 (10.34%) Risk Management
7 6 (10.34%) Stakeholder Management
8 5 (8.62%) Migration
8 5 (8.62%) Requirements Workshops
8 5 (8.62%) Stakeholder Engagement
8 5 (8.62%) Validation
9 4 (6.90%) SDLC
10 3 (5.17%) Agile
10 3 (5.17%) Data Cleansing
10 3 (5.17%) DevOps
10 3 (5.17%) Internal Audit
10 3 (5.17%) User Stories
10 3 (5.17%) Waterfall
Programming Languages
1 9 (15.52%) SQL
2 2 (3.45%) Java
3 1 (1.72%) PL/SQL
3 1 (1.72%) Python
Qualifications
1 9 (15.52%) ICAEW
2 7 (12.07%) ACCA
3 5 (8.62%) CIMA
4 2 (3.45%) SC Cleared
4 2 (3.45%) Security Cleared
5 1 (1.72%) CCA
5 1 (1.72%) Degree
5 1 (1.72%) DV Cleared
5 1 (1.72%) OCP
5 1 (1.72%) Oracle Certification
5 1 (1.72%) SAP Certification
5 1 (1.72%) TOGAF Certification
Quality Assurance & Compliance
1 15 (25.86%) IFRS 9
2 11 (18.97%) IFRS 17
3 9 (15.52%) GAAP
4 6 (10.34%) Solvency II
5 5 (8.62%) Basel III
6 4 (6.90%) QA
7 2 (3.45%) Data Quality
7 2 (3.45%) Dodd-Frank
7 2 (3.45%) FINREP
8 1 (1.72%) COREP
8 1 (1.72%) GDPR
System Software
1 1 (1.72%) Oracle RAC
Systems Management
1 1 (1.72%) Data Guard
Vendors
1 10 (17.24%) SAP
2 3 (5.17%) Guidewire
3 2 (3.45%) Google
3 2 (3.45%) Salesforce
3 2 (3.45%) Workday
4 1 (1.72%) Oracle
4 1 (1.72%) Xero