The table below looks at the prevalence of the term Market Risk in IT contracts advertised for the Cambridge region. Included is a guide to the average contractor rates offered in IT contracts that have cited Market Risk over the 3 months to 27 August 2014 with a comparison to the same period in the previous 2 years.

Note that daily contractor rates and hourly contractor rates are treated separately. When calculating average contractor rates, daily rates are not derived from quoted hourly rates or vice versa.

Location
3 months to
27 Aug 2014
Same period 2013 Same period 2012
Market Risk
Rank - - -
Contract jobs citing Market Risk 0 0 0
As % of all contract IT jobs located in Cambridge - - -
As % of the Miscellaneous category - - -
Number of daily rates quoted 0 0 0
Average daily rate
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- - -
UK excluding London average daily rate £425 £555 £525
% change year-on-year
-23.42% +5.71%
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - £85.00 £72.50
% change year-on-year
- +17.24%
Market Risk
Cambridgeshire

The following table is for comparison with the above and provides statistics for the entire Miscellaneous category in contract jobs advertised in the Cambridge region.

Miscellaneous Category
Cambridge
Contract IT job ads with a match in the
Miscellaneous category
135 97 150
As % of all contract IT jobs located in Cambridge 27.89% 26.29% 32.47%
Number of daily rates quoted 65 52 64
Average daily rate £325 £300 £315
Average daily rate % change year-on-year
+8.33% -4.76%
90% offered a daily rate of more than £150 £212 £250
10% offered a daily rate of more than £443 £470 £425
UK excluding London average daily rate £350 £350 £338
% change year-on-year
- +3.70%
Number of hourly rates quoted 31 16 40
Average hourly rate £27.50 £35.50 £37.50
Average hourly rate % change year-on-year
-22.53% -5.33%
90% offered a hourly rate of more than £21.00 £11.70 £15.64
10% offered a hourly rate of more than £55.00 £60.00 £47.50
UK excluding London average hourly rate £19.50 £17.69 £29.00
% change year-on-year
+10.23% -39.00%