Functional Analyst Contracts in England

Functional Analyst
UK > England

The median Functional Analyst daily rate in England is £465 according to job vacancies posted during the 6 months to 18 April 2024.

The first table below provides contractor rate benchmarking and summary statistics including a comparison to same period in the previous 2 years.

6 months to
18 Apr 2024
Same period 2023 Same period 2022
Rank 519 634 754
Rank change year-on-year +115 +120 -170
Contract jobs requiring a Functional Analyst 22 34 19
As % of all contract jobs advertised in England 0.059% 0.066% 0.026%
As % of the Job Titles category 0.064% 0.070% 0.028%
Number of daily rates quoted 15 22 10
10th Percentile £390 £350 £375
25th Percentile £416 £385 £386
Median daily rate (50th Percentile) £465 £550 £488
Median % change year-on-year -15.45% +12.82% -1.12%
75th Percentile £638 £778 £600
90th Percentile £668 £825 £626
UK median daily rate £490 £550 £500
% change year-on-year -10.91% +10.00% +9.29%
Number of hourly rates quoted 1 0 0
10th Percentile - - -
25th Percentile £51.25 - -
Median hourly rate £52.50 - -
75th Percentile £53.75 - -
90th Percentile - - -
UK median hourly rate £52.50 - -

All Contract IT Job Vacancies
England

The following table is for comparison with the above and includes summary statistics for all contract IT job vacancies advertised in England. Most job vacancies include a discernible job title that can be normalized. As such, the figures in the second row provide an indication of the number of contract jobs in our overall sample.

Contract vacancies in England with a recognized job title 34,525 48,539 68,704
% of contract IT jobs with a recognized job title 92.70% 94.54% 95.57%
Number of daily rates quoted 23,000 34,387 48,854
10th Percentile £275 £308 £313
25th Percentile £412 £425 £425
Median daily rate (50th Percentile) £525 £550 £525
Median % change year-on-year -4.55% +4.76% +10.53%
75th Percentile £644 £663 £638
90th Percentile £750 £763 £738
UK median daily rate £525 £540 £525
% change year-on-year -2.78% +2.86% +10.53%
Number of hourly rates quoted 2,382 1,454 1,923
10th Percentile £12.92 £14.36 £12.50
25th Percentile £16.25 £19.63 £15.25
Median hourly rate £35.00 £43.25 £22.28
Median % change year-on-year -19.08% +94.12% -0.62%
75th Percentile £60.00 £65.00 £47.50
90th Percentile £72.50 £76.43 £61.73
UK median hourly rate £35.00 £45.00 £22.88
% change year-on-year -22.22% +96.68% -0.52%

Functional Analyst
Job Vacancy Trend in England

Job postings that featured Functional Analyst in the job title as a proportion of all IT jobs advertised in England.

Job vacancy trend for Functional Analyst in England

Functional Analyst
Contractor Daily Rate Trend in England

3-month moving average daily rate quoted in jobs citing Functional Analyst in England.

Daily rate trend for Functional Analyst in England

Functional Analyst
Daily Rate Histogram in England

Daily rate distribution for jobs citing Functional Analyst in England over the 6 months to 18 April 2024.

Daily rate histogram for Functional Analyst in England

Functional Analyst
Contractor Hourly Rate Trend in England

3-month moving average hourly rates quoted in jobs citing Functional Analyst in England.

Hourly rate trend for Functional Analyst in England

Functional Analyst
Contract Job Locations in England

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Functional Analyst within the England region over the 6 months to 18 April 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
London +106 11 £450 -40.00% 3
South East +19 6 £625 +38.89%
North of England +33 2 £408 -18.50% 2
North East - 2 £408 -
Functional Analyst
UK

Functional Analyst Skill Set
Top 30 Co-occurring Skills and Capabilities in England

For the 6 months to 18 April 2024, Functional Analyst contract job roles required the following skills and capabilities in order of popularity. The figures indicate the absolute number co-occurrences and as a proportion of all contract job ads across the England region featuring Functional Analyst in the job title.

1 10 (45.45%) Finance
1 10 (45.45%) Social Skills
2 7 (31.82%) Oracle
3 6 (27.27%) QA
4 5 (22.73%) Security Cleared
4 5 (22.73%) Banking
4 5 (22.73%) ERP
4 5 (22.73%) Product Backlog
4 5 (22.73%) Functional Testing
4 5 (22.73%) Procure-to-Pay
5 4 (18.18%) Oracle Procure-to-Pay
5 4 (18.18%) SDLC
5 4 (18.18%) Analytical Skills
5 4 (18.18%) Problem-Solving
5 4 (18.18%) SAP
6 3 (13.64%) Oracle General Ledger
6 3 (13.64%) Business Analysis
6 3 (13.64%) Derivative
6 3 (13.64%) Data Analysis
6 3 (13.64%) Equities
6 3 (13.64%) Oracle Forms
6 3 (13.64%) SQL
6 3 (13.64%) Risk Management
6 3 (13.64%) Roadmaps
6 3 (13.64%) End-to-End Testing
6 3 (13.64%) IFRS
6 3 (13.64%) OCI
6 3 (13.64%) Oracle Receivables
6 3 (13.64%) Oracle Cash Management
6 3 (13.64%) ISTQB

Functional Analyst Skill Set
Co-occurring Skills and Capabilities in England 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:

Business Applications
1 4 (18.18%) Oracle Procure-to-Pay
2 3 (13.64%) Oracle Cash Management
2 3 (13.64%) Oracle General Ledger
2 3 (13.64%) Oracle Payables
2 3 (13.64%) Oracle Receivables
3 2 (9.09%) Oracle Assets
3 2 (9.09%) Oracle BPM
4 1 (4.55%) Loan IQ
4 1 (4.55%) Oracle EBS
4 1 (4.55%) Oracle Financials
4 1 (4.55%) SAP ERP
4 1 (4.55%) SAP S/4HANA
Cloud Services
1 3 (13.64%) OCI
2 1 (4.55%) Azure
2 1 (4.55%) Azure DevOps
2 1 (4.55%) Dynamics 365
2 1 (4.55%) Microsoft 365
Database & Business Intelligence
1 1 (4.55%) SAP BW
Development Applications
1 3 (13.64%) Oracle Forms
General
1 10 (45.45%) Finance
1 10 (45.45%) Social Skills
2 5 (22.73%) Banking
3 4 (18.18%) Analytical Skills
4 2 (9.09%) Public Sector
4 2 (9.09%) Telecoms
5 1 (4.55%) Inclusion and Diversity
Libraries, Frameworks & Software Standards
1 2 (9.09%) Oracle Fusion
Miscellaneous
1 3 (13.64%) Derivative
1 3 (13.64%) Equities
2 1 (4.55%) Enterprise Software
2 1 (4.55%) NHS
2 1 (4.55%) Onboarding
2 1 (4.55%) Product Ownership
Processes & Methodologies
1 5 (22.73%) ERP
1 5 (22.73%) Functional Testing
1 5 (22.73%) Procure-to-Pay
1 5 (22.73%) Product Backlog
2 4 (18.18%) Problem-Solving
2 4 (18.18%) SDLC
3 3 (13.64%) Business Analysis
3 3 (13.64%) Data Analysis
3 3 (13.64%) End-to-End Testing
3 3 (13.64%) Non-Functional Testing
3 3 (13.64%) Risk Management
3 3 (13.64%) Roadmaps
4 2 (9.09%) Continuous Improvement
4 2 (9.09%) Data Modelling
4 2 (9.09%) ITIL
4 2 (9.09%) Quantitative Analysis
4 2 (9.09%) Stakeholder Management
4 2 (9.09%) Test Strategy
4 2 (9.09%) Validation
4 2 (9.09%) Workshop Facilitation
Programming Languages
1 3 (13.64%) SQL
2 2 (9.09%) C#
2 2 (9.09%) Java
3 1 (4.55%) Python
Qualifications
1 5 (22.73%) Security Cleared
2 3 (13.64%) ISTQB
2 3 (13.64%) SC Cleared
3 2 (9.09%) Degree
4 1 (4.55%) ACCA
4 1 (4.55%) CIMA
4 1 (4.55%) DV Cleared
4 1 (4.55%) ISEB
4 1 (4.55%) Oracle Certification
Quality Assurance & Compliance
1 6 (27.27%) QA
2 3 (13.64%) IFRS
3 1 (4.55%) Basel III
3 1 (4.55%) FINREP
3 1 (4.55%) IFRS 9
Vendors
1 7 (31.82%) Oracle
2 4 (18.18%) SAP
3 2 (9.09%) Microsoft
4 1 (4.55%) VMware