The table below looks at the prevalence of the term Financial Institution in IT contracts advertised for the Canary Wharf region. Included is a guide to the average contractor rates offered in IT contracts that have cited Financial Institution over the 3 months to 2 October 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
2 Oct 2014
Same period 2013 Same period 2012
Financial Institution
Rank - 39 45
Contract jobs citing Financial Institution 0 1 7
As % of all contract IT jobs located in Canary Wharf - 0.48% 1.76%
As % of the General category - 0.69% 2.42%
Number of daily rates quoted 0 1 6
Average daily rate
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- £650 £475
Average daily rate % change year-on-year
- +36.84%
UK excluding London average daily rate £350 £338 £375
% change year-on-year
+3.70% -10.00%
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate £9.10 £9.88 £14.50
% change year-on-year
-7.84% -31.89%
Financial Institution
London

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

General Category
Canary Wharf
Contract IT job ads with a match in the
General category
87 144 289
As % of all contract IT jobs located in Canary Wharf 72.50% 68.57% 72.61%
Number of daily rates quoted 40 104 230
Average daily rate £450 £550 £550
Average daily rate % change year-on-year
-18.18% -
90% offered a daily rate of more than £300 £300 £400
10% offered a daily rate of more than £600 £650 £620
UK excluding London average daily rate £396 £380 £375
% change year-on-year
+4.21% +1.33%
Number of hourly rates quoted 4 0 1
Average hourly rate £35.00 - £23.50
UK excluding London average hourly rate £27.50 £20.00 £29.00
% change year-on-year
+37.50% -31.03%

Financial Institution
Jobs Demand Trend in Canary Wharf

This chart provides a 3-month moving total of IT contractor jobs citing Financial Institution across the Canary Wharf region as a proportion of the total demand within the General category.

Financial Institution Jobs Demand Trend in Canary Wharf

Financial Institution
Daily Rate Trend in Canary Wharf

This chart provides the 3-month moving average for daily rates quoted in IT contract jobs citing Financial Institution across the Canary Wharf region.

Financial Institution Daily Rate Trend in Canary Wharf

Financial Institution
Hourly Rate Trend in Canary Wharf

This chart provides the 3-month moving average for hourly rates quoted in IT contractor jobs citing Financial Institution across the Canary Wharf region.

Financial Institution Hourly Rate Trend in Canary Wharf