The table below looks at the prevalence of the term Banking in IT contracts advertised for the Somerset region. Included is a guide to the contractor rates offered in IT contracts that have cited Banking over the 3 months to 29 August 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
29 Aug 2016
Same period 2015 Same period 2014
Banking
Rank 31 44 48
Rank change year-on-year
+13 +4
Contract jobs citing Banking 2 3 1
As % of all contract IT jobs located in Somerset 0.87% 1.05% 0.30%
As % of the General category 5.56% 4.55% 1.27%
Number of daily rates quoted 1 3 1
Median daily rate £575 £400 £450
Median daily rate % change year-on-year
+43.75% -11.11%
UK excluding London median daily rate £420 £405 £400
% change year-on-year
+3.70% +1.25%
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median hourly rate £29.50 £12.75 £17.25
% change year-on-year
+131.37% -26.08%
Banking
South West

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

General Category
Somerset
Contract IT job ads with a match in the
General category
36 66 79
As % of all contract IT jobs located in Somerset 15.72% 23.16% 23.37%
Number of daily rates quoted 22 37 60
Median daily rate £373 £400 £349
Median daily rate % change year-on-year
-6.87% +14.69%
90% offered a daily rate of more than £268 £300 £290
10% offered a daily rate of more than £506 £475 £476
UK excluding London median daily rate £400 £400 £388
% change year-on-year
- +3.22%
Number of hourly rates quoted 3 11 4
Median hourly rate £36.50 £55.00 £35.00
Median hourly rate % change year-on-year
-33.63% +57.14%
90% offered a hourly rate of more than £15.30 £42.00 £32.50
10% offered a hourly rate of more than £38.50 £55.00 £36.00
UK excluding London median hourly rate £20.00 £25.00 £22.50
% change year-on-year
-20.00% +11.11%

Banking
Jobs Demand Trend in Somerset

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

Banking Jobs Demand Trend in Somerset

Banking
Daily Rate Trend in Somerset

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

Banking Daily Rate Trend in Somerset

Banking
Hourly Rate Trend in Somerset

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

Banking Hourly Rate Trend in Somerset

Banking
Contract Job Locations in Somerset

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Banking within the Somerset region over the 3 months to 29 August 2016. The 'Rank Change' column provides an indication of the change in demand within each location based on the same 3 month period last year.

Location
(Click see detailed
statistics and trends)
Rank Change
on Same Period
Last Year
Matching
Contract
IT Job Ads
Median
Daily Rate
Last 3 Months
Median Daily Rate
% Change
on Same Period
Last Year
Live
Job
Vacancies
Weston-super-Mare - 1 - -
Banking
South West

Banking
Top 7 Related IT Skills in Somerset

For the 6 months to 29 August 2016, IT contractor jobs citing Banking also mentioned the following skills in order of popularity. The figures indicate the number co-occurrences and its proportion to all contract ads across the Somerset region with a requirement for Banking.

1 2 (66.67%) Retail
1 2 (66.67%) Finance
2 1 (33.33%) Retail Banking
2 1 (33.33%) User Acceptance Testing
2 1 (33.33%) Anti-Money Laundering
2 1 (33.33%) ATM
2 1 (33.33%) EPoS

Banking
Top Related IT Skills in Somerset by Category

The follow tables expand on the table above by listing co-occurrences grouped by category. The same job type, locality and period is covered with up to 20 co-occurrences shown in each of the following categories:

Communications & Networking
1 1 (33.33%) ATM
General
1 2 (66.67%) Finance
1 2 (66.67%) Retail
2 1 (33.33%) Retail Banking
Job Titles
1 1 (33.33%) ATM Engineer
1 1 (33.33%) Desktop Engineer
1 1 (33.33%) Desktop Support
1 1 (33.33%) Desktop Support Engineer
1 1 (33.33%) EPoS Engineer
1 1 (33.33%) EPoS Field Engineer
1 1 (33.33%) EPoS Field Service Engineer
1 1 (33.33%) Field Engineer
1 1 (33.33%) Field Service Engineer
1 1 (33.33%) Fraud Manager
1 1 (33.33%) IT Engineer
1 1 (33.33%) IT Support
1 1 (33.33%) IT Support Engineer
1 1 (33.33%) Senior Manager
1 1 (33.33%) Senior Test Manager
1 1 (33.33%) Support Engineer
1 1 (33.33%) Test Manager
Miscellaneous
1 1 (33.33%) EPoS
Processes & Methodologies
1 1 (33.33%) Anti-Money Laundering
1 1 (33.33%) User Acceptance Testing