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 24 February 2017 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
24 Feb 2017
Same period 2016 Same period 2015
Banking
South West / Somerset
Rank 33 37 -
Rank change year-on-year
+4 -
Contract jobs citing Banking 5 3 0
As % of all contract IT jobs located in Somerset 2.12% 1.02% -
As % of the General category 8.47% 3.23% -
Number of daily rates quoted 4 3 0
Median daily rate £320 £400 -
Median daily rate % change year-on-year
-20.00% -
UK excluding London median daily rate £415 £425 £425
% change year-on-year
-2.35% -
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median hourly rate £12.96 £11.75 £10.44
% change year-on-year
+10.31% +12.54%

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
59 93 65
As % of all contract IT jobs located in Somerset 25.00% 31.74% 22.97%
Number of daily rates quoted 35 54 43
Median daily rate £375 £360 £550
Median daily rate % change year-on-year
+4.16% -34.54%
90% offered a daily rate of more than £267 £275 £325
10% offered a daily rate of more than £500 £474 £705
UK excluding London median daily rate £410 £400 £400
% change year-on-year
+2.50% -
Number of hourly rates quoted 13 17 4
Median hourly rate £39.50 £43.17 £37.20
Median hourly rate % change year-on-year
-8.50% +16.04%
90% offered a hourly rate of more than £16.00 £18.80 £35.42
10% offered a hourly rate of more than £43.00 £57.00 £42.90
UK excluding London median hourly rate £27.00 £31.50 £22.85
% change year-on-year
-14.28% +37.85%

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
Daily Rate Histogram in Somerset

This chart provides a histogram of daily rates quoted in contract IT jobs citing Banking across the Somerset region over the 3 months to 24 February 2017.

Banking Daily Rate Histogram 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 24 February 2017. 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 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
Bath -1 3 £263 -19.23%
Street - 2 £320 -
Banking
South West

Banking
Top 28 Related IT Skills in Somerset

For the 6 months to 24 February 2017, 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 4 (57.14%) Finance
2 2 (28.57%) ATM
2 2 (28.57%) Agile Software Development
2 2 (28.57%) Software Engineering
3 1 (14.29%) International Banking
3 1 (14.29%) Web Development
3 1 (14.29%) MiFID
3 1 (14.29%) Learning Management System
3 1 (14.29%) Analytics
3 1 (14.29%) User Stories
3 1 (14.29%) Business Analysis
3 1 (14.29%) Wincor Nixdorf
3 1 (14.29%) Spring
3 1 (14.29%) Investment Banking
3 1 (14.29%) NCR
3 1 (14.29%) Foreign Exchange (FX)
3 1 (14.29%) EPoS
3 1 (14.29%) Project Management
3 1 (14.29%) Management Information System
3 1 (14.29%) Workflow
3 1 (14.29%) Stakeholder Management
3 1 (14.29%) Scrum
3 1 (14.29%) Java
3 1 (14.29%) SQL
3 1 (14.29%) JSP
3 1 (14.29%) UML
3 1 (14.29%) JBoss
3 1 (14.29%) Tomcat

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:

Application Platforms
1 1 (14.29%) JBoss
1 1 (14.29%) Tomcat
Communications & Networking
1 2 (28.57%) ATM
General
1 4 (57.14%) Finance
2 1 (14.29%) International Banking
2 1 (14.29%) Investment Banking
Job Titles
1 2 (28.57%) ATM Engineer
2 1 (14.29%) Analyst
2 1 (14.29%) Banking Analyst
2 1 (14.29%) Business Analyst
2 1 (14.29%) Commercial Manager
2 1 (14.29%) Database Engineer
2 1 (14.29%) Field Engineer
2 1 (14.29%) Field Service Engineer
2 1 (14.29%) FX Business Analyst
2 1 (14.29%) Investment Banking Business Analyst
2 1 (14.29%) Java Engineer
2 1 (14.29%) Scrum Master
2 1 (14.29%) Senior Java Engineer
2 1 (14.29%) Technical Analyst
2 1 (14.29%) Technical Business Analyst
2 1 (14.29%) Trainer
2 1 (14.29%) Training Manager
Libraries, Frameworks & Software Standards
1 1 (14.29%) JSP
1 1 (14.29%) Spring
Miscellaneous
1 1 (14.29%) EPoS
1 1 (14.29%) Foreign Exchange (FX)
1 1 (14.29%) Learning Management System
1 1 (14.29%) Management Information System
Processes & Methodologies
1 2 (28.57%) Agile Software Development
1 2 (28.57%) Software Engineering
2 1 (14.29%) Analytics
2 1 (14.29%) Business Analysis
2 1 (14.29%) Project Management
2 1 (14.29%) Scrum
2 1 (14.29%) Stakeholder Management
2 1 (14.29%) UML
2 1 (14.29%) User Stories
2 1 (14.29%) Web Development
2 1 (14.29%) Workflow
Programming Languages
1 1 (14.29%) Java
1 1 (14.29%) SQL
Quality Assurance & Compliance
1 1 (14.29%) MiFID
Vendors
1 1 (14.29%) NCR
1 1 (14.29%) Wincor Nixdorf