The table below looks at the prevalence of the term Economics in IT contracts advertised for the City of London region. Included is a guide to the average contractor rates offered in IT contracts that have cited Economics over the 3 months to 9 February 2016 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
9 Feb 2016
Same period 2015 Same period 2014
Economics
Rank 148 184 193
Rank change year-on-year
+36 +9
Contract jobs citing Economics 2 8 12
As % of all contract IT jobs located in the City of London 0.064% 0.16% 0.20%
As % of the Miscellaneous category 0.16% 0.41% 0.51%
Number of daily rates quoted 1 7 8
Average daily rate £575 £510 £340
Average daily rate % change year-on-year
+12.74% +50.22%
UK excluding London average daily rate £389 £378 £400
% change year-on-year
+2.98% -5.62%
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
Economics
London

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

Miscellaneous Category
City of London
Contract IT job ads with a match in the
Miscellaneous category
1266 1974 2331
As % of all contract IT jobs located in the City of London 40.23% 38.55% 39.18%
Number of daily rates quoted 973 1540 1690
Average daily rate £500 £450 £500
Average daily rate % change year-on-year
+11.11% -10.00%
90% offered a daily rate of more than £300 £300 £275
10% offered a daily rate of more than £675 £625 £650
UK excluding London average daily rate £375 £370 £350
% change year-on-year
+1.35% +5.71%
Number of hourly rates quoted 28 31 36
Average hourly rate £19.99 £17.87 £20.00
Average hourly rate % change year-on-year
+11.89% -10.67%
90% offered a hourly rate of more than £12.90 £13.25 £17.00
10% offered a hourly rate of more than £35.60 £27.37 £42.50
UK excluding London average hourly rate £24.00 £17.50 £17.50
% change year-on-year
+37.14% -

Economics
Jobs Demand Trend in the City of London

This chart provides a 3-month moving total of IT contractor jobs citing Economics across the City of London region as a proportion of the total demand within the Miscellaneous category.

Economics Jobs Demand Trend in the City of London

Economics
Daily Rate Trend in the City of London

This chart provides the 3-month moving average for daily rates quoted in IT contract jobs citing Economics across the City of London region.

Economics Daily Rate Trend in the City of London

Economics
Hourly Rate Trend in the City of London

This chart provides the 3-month moving average for hourly rates quoted in IT contractor jobs citing Economics across the City of London region.

Economics Hourly Rate Trend in the City of London

Economics
Top 30 Related IT Skills in the City of London

For the 6 months to 9 February 2016, IT contractor jobs across the City of London region citing Economics also mentioned the following IT skills in order of popularity. The figures indicate the number of jobs and their proportion against the total number of contract IT job ads sampled that cited Economics.

1 5 (50.00%) SQL
1 5 (50.00%) Computer Science
1 5 (50.00%) Degree
1 5 (50.00%) Analytical Skills
2 4 (40.00%) Statistics
2 4 (40.00%) Finance
3 3 (30.00%) SAS
3 3 (30.00%) Mathematics
4 2 (20.00%) Applied Mathematics
4 2 (20.00%) Hadoop
4 2 (20.00%) R
4 2 (20.00%) Business Intelligence
4 2 (20.00%) CRM
4 2 (20.00%) E-Commerce
4 2 (20.00%) Data Mining
4 2 (20.00%) Front Office
4 2 (20.00%) Business Analysis
4 2 (20.00%) Operations Research
4 2 (20.00%) Agile Software Development
5 1 (10.00%) Banking
5 1 (10.00%) Retail
5 1 (10.00%) Information Management
5 1 (10.00%) Data Analysis
5 1 (10.00%) Investment Banking
5 1 (10.00%) Stata
5 1 (10.00%) Programme Management
5 1 (10.00%) Marketing
5 1 (10.00%) Business Development
5 1 (10.00%) Cost-Benefit Analysis
5 1 (10.00%) Dynamics CRM

Economics
Top Related IT Skills in the City of London by Category

For the 6 months to 9 February 2016, IT contractor jobs across the City of London region citing Economics also mentioned the following IT skills grouped by category. The figures indicate the number of jobs and their proportion against the total number of contract IT job ads sampled that cited Economics. Up to 20 skills are shown per category.

Application Platforms
1 3 (30.00%) SAS
Applications
1 1 (10.00%) MS Office
1 1 (10.00%) SPSS
1 1 (10.00%) Stata
Business Applications
1 1 (10.00%) Dynamics CRM
Database & Business Intelligence
1 2 (20.00%) Data Mining
1 2 (20.00%) Hadoop
2 1 (10.00%) Oracle BI EE
2 1 (10.00%) Oracle Database
2 1 (10.00%) RDBMS
2 1 (10.00%) Relational Database
2 1 (10.00%) SQL Server
General
1 4 (40.00%) Finance
2 2 (20.00%) Front Office
3 1 (10.00%) Banking
3 1 (10.00%) Investment Banking
3 1 (10.00%) Marketing
3 1 (10.00%) Retail
Job Titles
1 6 (60.00%) Analyst
2 4 (40.00%) Business Analyst
3 2 (20.00%) Risk Analyst
3 2 (20.00%) Risk Business Analyst
3 2 (20.00%) Senior Analyst
3 2 (20.00%) Senior Business Analyst
4 1 (10.00%) Applications Manager
4 1 (10.00%) Applications Project Manager
4 1 (10.00%) Banking Analyst
4 1 (10.00%) Banking Business Analyst
4 1 (10.00%) Business Intelligence Analyst
4 1 (10.00%) Compliance Analyst
4 1 (10.00%) CRM Manager
4 1 (10.00%) Data Mining Analyst
4 1 (10.00%) Data Scientist
4 1 (10.00%) Insight Analyst
4 1 (10.00%) IT Business Analyst
4 1 (10.00%) Market Risk Business Analyst
4 1 (10.00%) Senior Applications Project Manager
4 1 (10.00%) Senior Business Intelligence Analyst
Libraries, Frameworks & Software Standards
1 1 (10.00%) .NET
Miscellaneous
1 5 (50.00%) Analytical Skills
1 5 (50.00%) Computer Science
2 4 (40.00%) Statistics
3 3 (30.00%) Mathematics
4 2 (20.00%) Applied Mathematics
5 1 (10.00%) Credit Risk
5 1 (10.00%) Data Structures
5 1 (10.00%) Fixed Income
5 1 (10.00%) Market Risk
Processes & Methodologies
1 2 (20.00%) Agile Software Development
1 2 (20.00%) Business Analysis
1 2 (20.00%) Business Intelligence
1 2 (20.00%) CRM
1 2 (20.00%) E-Commerce
1 2 (20.00%) Operations Research
2 1 (10.00%) Analytics
2 1 (10.00%) Business Development
2 1 (10.00%) Cost-Benefit Analysis
2 1 (10.00%) Data Analysis
2 1 (10.00%) Data Analytics
2 1 (10.00%) Information Management
2 1 (10.00%) Monte Carlo Method
2 1 (10.00%) People Management
2 1 (10.00%) Predictive Modelling
2 1 (10.00%) SDLC
2 1 (10.00%) Test Planning
2 1 (10.00%) UML
2 1 (10.00%) Unit Testing
2 1 (10.00%) Waterfall
Programming Languages
1 5 (50.00%) SQL
2 2 (20.00%) R
3 1 (10.00%) C#
3 1 (10.00%) Python
3 1 (10.00%) VBA
Qualifications
1 5 (50.00%) Degree
2 1 (10.00%) Security Cleared
Vendors
1 1 (10.00%) Cognos
1 1 (10.00%) Microsoft
1 1 (10.00%) MicroStrategy
1 1 (10.00%) Oracle
1 1 (10.00%) Tableau