IFRS Contracts

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

6 months to
2 Jun 2024
Same period 2023 Same period 2022
Rank 524 639 682
Rank change year-on-year +115 +43 -62
Contract jobs citing IFRS 55 45 159
As % of all contract jobs advertised in the UK 0.13% 0.080% 0.18%
As % of the Quality Assurance & Compliance category 0.92% 0.59% 1.37%
Number of daily rates quoted 26 29 115
10th Percentile £475 £500 £475
25th Percentile £513 £563 £550
Median daily rate (50th Percentile) £589 £700 £600
Median % change year-on-year -15.93% +16.67% +4.35%
75th Percentile £600 - £723
90th Percentile £700 £775 £850
UK excluding London median daily rate £588 £370 £550
% change year-on-year +58.78% -32.73% +4.76%

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 5,993 7,628 11,599
As % of all contract IT jobs advertised in the UK 13.91% 13.53% 13.21%
Number of daily rates quoted 3,782 5,189 7,981
10th Percentile £280 £290 £300
25th Percentile £400 £413 £406
Median daily rate (50th Percentile) £510 £525 £520
Median % change year-on-year -2.86% +0.96% +9.47%
75th Percentile £625 £645 £625
90th Percentile £750 £750 £725
UK excluding London median daily rate £475 £486 £455
% change year-on-year -2.26% +6.81% +7.06%
Number of hourly rates quoted 407 244 311
10th Percentile £10.98 £13.29 £12.05
25th Percentile £13.18 £18.65 £16.25
Median hourly rate £22.34 £37.50 £27.73
Median % change year-on-year -40.43% +35.23% +32.05%
75th Percentile £46.88 £63.23 £49.63
90th Percentile £69.33 £77.50 £68.75
UK excluding London median hourly rate £18.97 £36.25 £22.00
% change year-on-year -47.67% +64.77% +4.76%

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 2 June 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 10 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 2 June 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 +110 53 £600 -14.29% 97
UK excluding London +66 28 £588 +58.78% 33
London +90 23 £589 -15.93% 61
South East +30 22 £600 +72.66% 7
Work from Home +118 21 £588 +2.17% 116
Scotland +42 2 £415 -27.83% 3
Midlands +22 2 £650 - 2
East of England - 2 £550 - 4
West Midlands +14 1 - - 1
East Midlands +8 1 £650 - 1

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 7 (12.73%) SAS
2 2 (3.64%) Confluence
Applications
1 1 (1.82%) Microsoft Excel
1 1 (1.82%) Spreadsheet
Business Applications
1 2 (3.64%) SAP SD
2 1 (1.82%) SAP CO
2 1 (1.82%) SAP FI
2 1 (1.82%) SAP FI/CO
2 1 (1.82%) SAP FSCM
Cloud Services
1 3 (5.45%) Azure
1 3 (5.45%) Azure DevOps
1 3 (5.45%) Snowflake
2 1 (1.82%) Amazon CloudWatch
2 1 (1.82%) Amazon EC2
2 1 (1.82%) Amazon S3
2 1 (1.82%) AWS
2 1 (1.82%) GCP
2 1 (1.82%) Google Workspace
2 1 (1.82%) Power Platform
2 1 (1.82%) Virtual Private Cloud
Database & Business Intelligence
1 5 (9.09%) Data Warehouse
2 2 (3.64%) SQL Server
2 2 (3.64%) SQL Server Analysis Services
2 2 (3.64%) SQL Server Integration Services
3 1 (1.82%) Amazon RDS
3 1 (1.82%) Oracle Database
3 1 (1.82%) Power BI
3 1 (1.82%) SAP HANA
Development Applications
1 3 (5.45%) Eclipse
2 2 (3.64%) JIRA
General
1 48 (87.27%) Finance
2 7 (12.73%) Analytical Skills
2 7 (12.73%) Banking
2 7 (12.73%) Social Skills
3 5 (9.09%) Retail
4 4 (7.27%) Presentation Skills
4 4 (7.27%) Telecoms
5 2 (3.64%) Financial Institution
5 2 (3.64%) General Ledger
6 1 (1.82%) Corporate Banking
6 1 (1.82%) Inclusion and Diversity
6 1 (1.82%) Manufacturing
6 1 (1.82%) Public Sector
Job Titles
1 16 (29.09%) Analyst
2 10 (18.18%) Financial Analyst
3 7 (12.73%) Consultant
3 7 (12.73%) SAP Consultant
4 6 (10.91%) Data Modeller
4 6 (10.91%) Finance Manager
4 6 (10.91%) Project Manager
5 4 (7.27%) Finance Project Manager
6 3 (5.45%) Developer
6 3 (5.45%) Functional Analyst
6 3 (5.45%) Report Analyst
7 2 (3.64%) Business Analyst
7 2 (3.64%) Credit Risk Modeller
7 2 (3.64%) Data Engineer
7 2 (3.64%) SAS Developer
7 2 (3.64%) SAS Modeller
7 2 (3.64%) Senior
8 1 (1.82%) Analytics Manager
8 1 (1.82%) Regulatory Change Manager
8 1 (1.82%) Senior Transformation Manager
Miscellaneous
1 9 (16.36%) Credit Risk
2 4 (7.27%) Derivative
2 4 (7.27%) Equities
3 3 (5.45%) Reinsurance
4 1 (1.82%) Clustering
4 1 (1.82%) Replication
Processes & Methodologies
1 12 (21.82%) Analytics
2 11 (20.00%) Data Modelling
3 10 (18.18%) Revenue Recognition
4 8 (14.55%) Data Analysis
4 8 (14.55%) Stress Testing
5 7 (12.73%) Project Management
6 6 (10.91%) Stakeholder Management
7 5 (9.09%) Migration
7 5 (9.09%) Portfolio Management
7 5 (9.09%) Requirements Workshops
7 5 (9.09%) Risk Management
7 5 (9.09%) Stakeholder Engagement
7 5 (9.09%) Validation
8 4 (7.27%) SDLC
9 3 (5.45%) Agile
9 3 (5.45%) Data Cleansing
9 3 (5.45%) DevOps
9 3 (5.45%) Quantitative Analysis
9 3 (5.45%) User Stories
9 3 (5.45%) Waterfall
Programming Languages
1 8 (14.55%) SQL
2 2 (3.64%) Java
3 1 (1.82%) PL/SQL
3 1 (1.82%) Python
Qualifications
1 9 (16.36%) ICAEW
2 7 (12.73%) ACCA
3 6 (10.91%) CIMA
4 1 (1.82%) CCA
4 1 (1.82%) DV Cleared
4 1 (1.82%) OCP
4 1 (1.82%) Oracle Certification
4 1 (1.82%) SAP Certification
4 1 (1.82%) SC Cleared
4 1 (1.82%) Security Cleared
Quality Assurance & Compliance
1 13 (23.64%) IFRS 9
2 11 (20.00%) IFRS 17
3 9 (16.36%) GAAP
4 6 (10.91%) Solvency II
5 5 (9.09%) Basel III
6 4 (7.27%) QA
7 2 (3.64%) Data Quality
7 2 (3.64%) Dodd-Frank
7 2 (3.64%) FINREP
8 1 (1.82%) COREP
8 1 (1.82%) GDPR
System Software
1 1 (1.82%) Oracle RAC
Systems Management
1 1 (1.82%) Data Guard
Vendors
1 9 (16.36%) SAP
2 3 (5.45%) Guidewire
3 2 (3.64%) Google
3 2 (3.64%) Salesforce
3 2 (3.64%) Workday
4 1 (1.82%) CA
4 1 (1.82%) Oracle
4 1 (1.82%) Xero