The first table below looks at the prevalence of the term Finance in IT contracts advertised for the Somerset region. Included is a guide to the average contractor rates offered in IT contracts that have cited Finance over the 3 months to 24 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
24 May 2013
Same period 2012 Same period 2011
Financial
Rank 12 22 19
Rank change year-on-year
+10 -3
Contract jobs citing Finance 17 13 15
As % of all contract IT jobs located in Somerset 10.00% 7.647% 8.671%
As % of the General category 35.42% 27.66% 27.78%
Number of daily rates quoted 3 4 13
Average daily rate £425 £350 £350
Average daily rate % change year-on-year
+21.42% -
UK excluding London average daily rate £378 £375 £375
% change year-on-year
+0.80% -
Number of hourly rates quoted 0 3 0
Average hourly rate - £22.00 -
UK excluding London average hourly rate £18.50 £20.00 £22.00
% change year-on-year
-7.50% -9.09%
All of the General Category
Somerset
Contract IT job ads with a match in the
General category
48 47 54
As % of all contract IT jobs located in Somerset 28.24% 27.65% 31.21%
Number of daily rates quoted 19 24 32
Average daily rate £400 £365 £338
Average daily rate % change year-on-year
+9.58% +8.14%
90% offered a daily rate of more than £250 £240 £210
10% offered a daily rate of more than £460 £453 £445
UK excluding London average daily rate £375 £375 £375
Number of hourly rates quoted 3 4 3
Average hourly rate £16.50 £22.00 £15.50
Average hourly rate % change year-on-year
-25.00% +41.93%
90% offered a hourly rate of more than £11.10 £18.80 £15.10
10% offered a hourly rate of more than £17.70 £22.00 £17.50
UK excluding London average hourly rate £25.50 £25.00 £26.00
% change year-on-year
+2.00% -3.84%
Finance
South West

Finance
Jobs Demand Trend

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

Somerset Finance Jobs Demand Trend

Finance
Daily Rate Trend

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

Somerset Finance Daily Rate Trend

Finance
Hourly Rate Trend

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

Somerset Finance Hourly Rate Trend

Finance
Contract Locations

The table below looks at the demand and provides a guide to the average contractor rates quoted in IT jobs citing Finance within the Somerset region over the 3 months to 24 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
Taunton +13 10 £423 +5.62%
Bath +1 4 £425 +15.25%
Street +1 1 - -
Finance
South West

Finance
Top 30 Related IT Skills

For the 6 months to 24 May 2013, IT contractor jobs across the Somerset region citing Finance 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 Finance.

1 8 (40.00%) Risk Management
1 8 (40.00%) Security Cleared
2 7 (35.00%) SC Cleared
2 7 (35.00%) Information Assurance
2 7 (35.00%) Service Delivery
2 7 (35.00%) Information Security Management
2 7 (35.00%) Security Management
2 7 (35.00%) Management Information System
2 7 (35.00%) IIS
2 7 (35.00%) Risk Assessment
2 7 (35.00%) Information Security
2 7 (35.00%) CESG
2 7 (35.00%) ISO/IEC 27001
2 7 (35.00%) ISMS
2 7 (35.00%) RMADS
3 3 (15.00%) SAP
4 2 (10.00%) PRINCE2
4 2 (10.00%) Data Warehouse
4 2 (10.00%) Foreign Exchange (FX)
4 2 (10.00%) Change Management
4 2 (10.00%) Stakeholder Management
4 2 (10.00%) Reference Data
4 2 (10.00%) Scrum
5 1 (5.000%) Wall Street Systems
5 1 (5.000%) BC Cleared
5 1 (5.000%) FMCG
5 1 (5.000%) SQL Server 2008
5 1 (5.000%) Talend Open Studio
5 1 (5.000%) Pentaho
5 1 (5.000%) MVVM

Finance
Top Related IT Skills by Category

For the 6 months to 24 May 2013, IT contractor jobs across the Somerset region citing Finance 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 Finance. Up to 20 skills are shown per category.

Application Development
1 1 (5.000%) Hibernate
1 1 (5.000%) Apache Flex
1 1 (5.000%) WPF
1 1 (5.000%) Spring
1 1 (5.000%) J2EE
Application Platforms
1 7 (35.00%) IIS
Applications
1 1 (5.000%) MS Excel
Business Applications
1 1 (5.000%) SAP SCM
1 1 (5.000%) SAP HR
Database & Business Intelligence
1 2 (10.00%) Data Warehouse
2 1 (5.000%) SQL Server 2008
2 1 (5.000%) Pentaho
2 1 (5.000%) SQL Server Reporting Services
2 1 (5.000%) GIS
2 1 (5.000%) MySQL
2 1 (5.000%) SQL Server
Development Applications
1 1 (5.000%) Talend Open Studio
1 1 (5.000%) Maven
1 1 (5.000%) Eclipse
1 1 (5.000%) JUnit
General
1 1 (5.000%) Banking
1 1 (5.000%) Investment Banking
1 1 (5.000%) General Ledger
1 1 (5.000%) Back Office
Job Titles
1 7 (35.00%) IT Security Officer
1 7 (35.00%) Security Officer
2 6 (30.00%) Project Manager
3 3 (15.00%) Developer
4 2 (10.00%) Infrastructure Project Manager
4 2 (10.00%) Infrastructure Manager
5 1 (5.000%) Technical Infrastructure Manager
5 1 (5.000%) WPF Developer
5 1 (5.000%) IT Infrastructure Manager
5 1 (5.000%) IT Infrastructure Project Manager
5 1 (5.000%) Technical Manager
5 1 (5.000%) SAP Manager
5 1 (5.000%) HR Specialist
5 1 (5.000%) Flex Developer
5 1 (5.000%) Senior Project Manager
5 1 (5.000%) Java Developer
5 1 (5.000%) C# Developer
5 1 (5.000%) SAP Project Manager
5 1 (5.000%) Data Warehouse Developer
5 1 (5.000%) Desktop Engineer
Miscellaneous
1 7 (35.00%) Management Information System
1 7 (35.00%) CESG
1 7 (35.00%) RMADS
2 2 (10.00%) Foreign Exchange (FX)
2 2 (10.00%) Reference Data
3 1 (5.000%) FMCG
3 1 (5.000%) Hedge funds
3 1 (5.000%) Informatics
3 1 (5.000%) PDA
3 1 (5.000%) Derivative
3 1 (5.000%) Blackberry
Operating Systems
1 1 (5.000%) UNIX
1 1 (5.000%) Windows
Processes & Methodologies
1 8 (40.00%) Risk Management
2 7 (35.00%) Information Assurance
2 7 (35.00%) Service Delivery
2 7 (35.00%) Information Security Management
2 7 (35.00%) Security Management
2 7 (35.00%) Risk Assessment
2 7 (35.00%) Information Security
2 7 (35.00%) ISMS
3 2 (10.00%) PRINCE2
3 2 (10.00%) Change Management
3 2 (10.00%) Stakeholder Management
3 2 (10.00%) Scrum
4 1 (5.000%) MVVM
4 1 (5.000%) Change Control
4 1 (5.000%) Data Migration
4 1 (5.000%) Refactoring
4 1 (5.000%) User Acceptance Testing
4 1 (5.000%) Unit Testing
4 1 (5.000%) Investment Management
4 1 (5.000%) Agile Software Development
Programming Languages
1 1 (5.000%) C#
1 1 (5.000%) Java
Qualifications
1 8 (40.00%) Security Cleared
2 7 (35.00%) SC Cleared
3 1 (5.000%) BC Cleared
3 1 (5.000%) PRINCE2 Practitioner
3 1 (5.000%) CIMA
3 1 (5.000%) ACCA
Quality Assurance & Compliance
1 7 (35.00%) ISO/IEC 27001
Vendors
1 3 (15.00%) SAP
2 1 (5.000%) Wall Street Systems
2 1 (5.000%) Talend
2 1 (5.000%) Reuters
2 1 (5.000%) Bloomberg
2 1 (5.000%) Microsoft