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 average contractor rates offered in IT contracts that have cited Financial Institution over the 3 months to 27 April 2015 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 Apr 2015
Same period 2014 Same period 2013
Financial Institution
Rank - 61 44
Contract jobs citing Financial Institution 0 2 2
As % of all contract IT jobs located in Essex - 0.27% 0.48%
As % of the General category - 0.77% 1.47%
Number of daily rates quoted 0 2 1
Average daily rate
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- £400 £245
Average daily rate % change year-on-year
- +63.26%
UK excluding London average daily rate £425 £365 £375
% change year-on-year
+16.43% -2.66%
Number of hourly rates quoted 0 0 1
Average hourly rate - - £30.00
UK excluding London average hourly rate £16.00 £13.50 £20.50
% change year-on-year
+18.51% -34.14%
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
187 259 136
As % of all contract IT jobs located in Essex 36.24% 35.43% 32.69%
Number of daily rates quoted 118 145 57
Average daily rate £400 £400 £375
Average daily rate % change year-on-year
- +6.66%
90% offered a daily rate of more than £184 £153 £243
10% offered a daily rate of more than £600 £575 £425
UK excluding London average daily rate £400 £380 £375
% change year-on-year
+5.26% +1.33%
Number of hourly rates quoted 12 19 38
Average hourly rate £40.60 £38.50 £31.00
Average hourly rate % change year-on-year
+5.45% +24.19%
90% offered a hourly rate of more than £16.00 £16.50 £15.00
10% offered a hourly rate of more than £48.60 £45.35 £44.80
UK excluding London average hourly rate £25.00 £25.00 £26.50
% change year-on-year
- -5.66%

Financial Institution
Jobs Demand Trend in Essex

This chart provides a 3-month moving total of IT contractor jobs citing Financial Institution across the Essex region as a proportion of the total demand within 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