The first table below looks at the prevalence of the term Banking in IT contracts advertised for the Somerset region. Included is a guide to the average contractor rates offered in IT contracts that have cited Banking over the 3 months to 17 May 2013 with a comparison to the same period in the previous 2 years. The second table is for comparison and provides aggregates for all terms in our General category for the Somerset region.

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
17 May 2013
Same period 2012 Same period 2011
Banking
Rank 31 31 -
Rank change year-on-year
0 -
Contract jobs citing Banking 1 6 0
As % of all contract IT jobs located in Somerset 0.546% 3.509% -
As % of the General category 2.128% 12.77% -
Number of daily rates quoted 0 1 0
Average daily rate - £520 -
UK excluding London average daily rate £388 £390 £383
% change year-on-year
-0.51% +1.96%
Number of hourly rates quoted 0 4 0
Average hourly rate - £23.50 -
UK excluding London average hourly rate £18.00 £22.00 £16.63
% change year-on-year
-18.18% +32.33%
All of the General Category
Somerset
Contract IT job ads with a match in the
General category
47 47 47
As % of all contract IT jobs located in Somerset 25.68% 27.49% 29.75%
Number of daily rates quoted 19 23 26
Average daily rate £400 £360 £338
Average daily rate % change year-on-year
+11.11% +6.66%
90% offered a daily rate of more than £288 £240 £210
10% offered a daily rate of more than £460 £468 £445
UK excluding London average daily rate £375 £375 £375
Number of hourly rates quoted 3 6 2
Average hourly rate £16.50 £22.00 £16.75
Average hourly rate % change year-on-year
-25.00% +31.34%
90% offered a hourly rate of more than £11.10 £22.00 £15.75
10% offered a hourly rate of more than £17.70 £25.00 £17.75
UK excluding London average hourly rate £26.00 £25.00 £26.00
% change year-on-year
+4.00% -3.84%
Banking
South West

Banking
Jobs Demand Trend

This chart provides a 3-month moving total of IT contractor jobs citing Banking across the Somerset region as a proportion of the total demand within the General category.

Somerset Banking Jobs Demand Trend

Banking
Daily Rate Trend

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

Somerset Banking Daily Rate Trend

Banking
Hourly Rate Trend

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

Somerset Banking Hourly Rate Trend

Banking
Contract Locations

The table below looks at the demand and provides a guide to the average contractor rates quoted in IT jobs citing Banking within the Somerset region over the 3 months to 17 May 2013. 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 each for more statistics)
Rank Change
on Same Period
Last Year
Matching
Contract
IT Job Ads
Average
Daily Rate
Last 3 Months
Average Daily Rate
% Change
on Same Period
Last Year
Street 0 1 - -
Banking
South West

Banking
Top 13 Related IT Skills

For the 6 months to 17 May 2013, IT contractor jobs across the Somerset region citing Banking also mentioned the following IT skills in order of popularity. The figures indicate the number of jobs and their proportion against the total number of contract IT job ads sampled that cited Banking.

1 1 (100.00%) Data Warehouse
1 1 (100.00%) Foreign Exchange (FX)
1 1 (100.00%) Change Management
1 1 (100.00%) Back Office
1 1 (100.00%) Finance
1 1 (100.00%) Stakeholder Management
1 1 (100.00%) Data Management
1 1 (100.00%) Investment Banking
1 1 (100.00%) General Ledger
1 1 (100.00%) Derivative
1 1 (100.00%) Investment Management
1 1 (100.00%) Reference Data
1 1 (100.00%) Wall Street Systems

Banking
Top Related IT Skills by Category

For the 6 months to 17 May 2013, IT contractor jobs across the Somerset region citing Banking also mentioned the following IT skills grouped by category. The figures indicate the number of jobs and their proportion against the total number of contract IT job ads sampled that cited Banking. Up to 20 skills are shown per category.

Database & Business Intelligence
1 1 (100.00%) Data Warehouse
General
1 1 (100.00%) Back Office
1 1 (100.00%) Finance
1 1 (100.00%) Investment Banking
1 1 (100.00%) General Ledger
Job Titles
1 1 (100.00%) Project Manager
Miscellaneous
1 1 (100.00%) Foreign Exchange (FX)
1 1 (100.00%) Derivative
1 1 (100.00%) Reference Data
Processes & Methodologies
1 1 (100.00%) Change Management
1 1 (100.00%) Stakeholder Management
1 1 (100.00%) Data Management
1 1 (100.00%) Investment Management
Vendors
1 1 (100.00%) Wall Street Systems