The table below looks at the prevalence of the term Financial Institution in IT contracts advertised for the Essex region. Included is a guide to the contractor rates offered in IT contracts that have cited Financial Institution over the 3 months to 3 December 2016 with a comparison to the same period over 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.

3 months to
3 Dec 2016
Same period 2015 Same period 2014
Financial Institution
Rank - 53 69
Contract jobs citing Financial Institution 0 3 1
As % of all contract IT jobs located in Essex - 0.53% 0.18%
As % of the General category - 1.21% 0.55%
Number of daily rates quoted 0 2 0
Median daily rate - £500 -
UK excluding London median daily rate £340 £395 £381
% change year-on-year
-13.92% +3.60%
Number of hourly rates quoted 0 1 0
Median hourly rate - £16.13 -
UK excluding London median hourly rate £9.13 £16.13 £9.10
% change year-on-year
-43.41% +77.19%
Financial Institution
East of England

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

General Category
Essex
Contract IT job ads with a match in the
General category
142 247 183
As % of all contract IT jobs located in Essex 34.89% 43.56% 33.64%
Number of daily rates quoted 92 118 91
Median daily rate £450 £400 £413
Median daily rate % change year-on-year
+12.50% -3.03%
90% offered a daily rate of more than £250 £240 £275
10% offered a daily rate of more than £550 £550 £600
UK excluding London median daily rate £400 £400 £400
Number of hourly rates quoted 21 41 33
Median hourly rate £35.00 £22.50 £20.50
Median hourly rate % change year-on-year
+55.55% +9.75%
90% offered a hourly rate of more than £16.80 £16.50 £16.50
10% offered a hourly rate of more than £43.00 £43.70 £47.00
UK excluding London median hourly rate £24.50 £28.50 £25.00
% change year-on-year
-14.03% +14.00%

Financial Institution
Jobs Demand Trend in Essex

The demand trend of contract jobs across the Essex region citing Financial Institution as a proportion of all IT contracts with a match in the General category.

Financial Institution Jobs Demand Trend in Essex

Financial Institution
Daily Rate Trend in Essex

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

Financial Institution Daily Rate Trend in Essex

Financial Institution
Hourly Rate Trend in Essex

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

Financial Institution Hourly Rate Trend in Essex