The table below looks at the prevalence of the term Economics in IT contracts advertised across the UK. Included is a guide to the average contractor rates offered in IT contracts that have cited Economics over the 3 months to 22 October 2014 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
22 Oct 2014
Same period 2013 Same period 2012
Economics
Rank 517 485 483
Rank change year-on-year
-32 -2
Contract jobs citing Economics 98 84 104
As % of all contract IT jobs located in the UK 0.17% 0.16% 0.19%
As % of the Miscellaneous category 0.55% 0.51% 0.62%
Number of daily rates quoted 68 29 65
Average daily rate
Keep up to 90%
of your Daily Rate
Get a Free Illustration
£376 £500 £425
Average daily rate % change year-on-year
-24.83% +17.64%
90% offered a daily rate of more than £265 £353 £305
10% offered a daily rate of more than £541 £650 £550
UK excluding London average daily rate £348 £375 £400
% change year-on-year
-7.20% -6.25%
Number of hourly rates quoted 2 0 4
Average hourly rate £23.75 - £32.50
UK excluding London average hourly rate £17.50 - £32.50

The following table is for comparison with the above and provides statistics for the entire Miscellaneous category in contract jobs advertised across the UK.

Miscellaneous Category
UK
Contract IT job ads with a match in the
Miscellaneous category
17686 16532 16863
As % of all contract IT jobs located in the UK 30.79% 31.59% 30.40%
Number of daily rates quoted 11072 10326 9887
Average daily rate £413 £410 £413
Average daily rate % change year-on-year
+0.60% -0.60%
90% offered a daily rate of more than £238 £240 £245
10% offered a daily rate of more than £600 £600 £600
UK excluding London average daily rate £351 £350 £350
% change year-on-year
+0.32% -
Number of hourly rates quoted 726 669 833
Average hourly rate £17.50 £18.00 £21.50
Average hourly rate % change year-on-year
-2.77% -16.27%
90% offered a hourly rate of more than £11.00 £12.00 £12.00
10% offered a hourly rate of more than £42.50 £40.00 £45.00
UK excluding London average hourly rate £17.50 £17.69 £21.00
% change year-on-year
-1.07% -15.76%

Economics
Jobs Demand Trend

This chart provides the 3-month moving total of IT contractor jobs citing Economics within the UK as a proportion of the total demand within the Miscellaneous category.

Economics Jobs Demand Trend in the UK

Economics
Daily Rate Trend

This chart provides the 3-month moving average for daily rates quoted in IT contract jobs citing Economics within the UK.

Economics Daily Rate Trend in the UK

Economics
Daily Rate Histogram

This chart provides a histogram of daily rates quoted in contract IT jobs citing Economics within the UK over the 3 months to 22 October 2014.

Economics Daily Rate Histogram in the UK

Economics
Hourly Rate Trend

This chart provides the 3-month moving average for hourly rates quoted in IT contractor jobs citing Economics within the UK.

Economics Hourly Rate Trend in the UK

Economics
Hourly Rate Histogram

This chart provides a histogram of hourly rates quoted in contract IT jobs citing Economics within the UK over the 3 months to 22 October 2014.

Economics Hourly Rate Histogram in the UK

Economics
Top 30 Contract Locations

The table below looks at the demand and provides a guide to the average contractor rates quoted in IT jobs citing Economics within the UK over the 3 months to 22 October 2014. 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
(Use links below to see detailed
statistics and historical trends)
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
Live
Job
Vacancies
England -10 92 £379 -25.29% 43
London +12 40 £463 -15.90% 26
South East -8 20 £348 -10.76% 9
East of England - 11 £270 - 2
Hertfordshire - 8 £278 - 1
Scotland -10 6 £350 -6.66%
North East - 6 £350 -
East Midlands -1 5 £425 +18.05%
West Midlands -16 5 £420 +52.72% 3
City of London -6 3 £425 -22.72% 7
South West - 3 £415 -
Bristol - 2 £451 -
Berkshire +7 1 - - 1
Surrey +1 1 £500 - 2
Coventry -9 1 - - 2
North West -13 1 - - 2
Warwickshire -15 1 - - 1
Norfolk - 1 £238 -
Nottinghamshire - 1 £325 -
Oxfordshire - 1 £500 - 2
Gloucestershire - 1 £379 -
Bedfordshire - 1 £253 -
Norwich - 1 £238 -
Nottingham - 1 £325 -
Oxford - 1 £500 -
Preston - - - -
Reading - - - - 1
Reigate - - - -
Sheffield - - - -
Swindon - - - -

Economics
Top 30 Related IT Skills

For the 6 months to 22 October 2014, IT contractor jobs within the UK citing Economics 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 Economics.

1 95 (46.34%) Project Management
2 75 (36.59%) Finance
3 66 (32.20%) Degree
4 61 (29.76%) Analytical Skills
5 59 (28.78%) Security Cleared
6 55 (26.83%) Change Management
7 49 (23.90%) Mathematics
8 47 (22.93%) SC Cleared
9 45 (21.95%) SQL
10 41 (20.00%) Banking
11 36 (17.56%) Project Planning
12 33 (16.10%) PRINCE2
13 32 (15.61%) Computer Science
14 29 (14.15%) Statistics
15 24 (11.71%) Management Information System
16 23 (11.22%) Stakeholder Management
16 23 (11.22%) Programme Management
16 23 (11.22%) Investment Banking
17 22 (10.73%) Windows
18 19 (9.27%) Analytics
19 17 (8.29%) Oracle
19 17 (8.29%) SQL Server
20 16 (7.80%) MS Office
20 16 (7.80%) SAS
20 16 (7.80%) Data Analysis
21 15 (7.32%) Agile Software Development
21 15 (7.32%) Marketing
21 15 (7.32%) Business Intelligence
21 15 (7.32%) UNIX
22 14 (6.83%) Microsoft

Economics
Top Related IT Skills by Category

For the 6 months to 22 October 2014, IT contractor jobs within the UK citing Economics 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 Economics. Up to 20 skills are shown per category.

Application Platforms
1 16 (7.80%) SAS
2 3 (1.46%) Joomla!
2 3 (1.46%) CMS
2 3 (1.46%) IIS
3 1 (0.49%) Apache Pig
3 1 (0.49%) Documentum
Applications
1 16 (7.80%) MS Office
2 10 (4.88%) MS Excel
3 6 (2.93%) MS PowerPoint
4 4 (1.95%) MS Project
4 4 (1.95%) SPSS
5 2 (0.98%) MS Visio
5 2 (0.98%) Stata
5 2 (0.98%) Spreadsheet
6 1 (0.49%) LaTeX
6 1 (0.49%) Weka
Business Applications
1 2 (0.98%) CA Clarity
2 1 (0.49%) SAP GRC
2 1 (0.49%) Google Analytics
2 1 (0.49%) SiteCatalyst
2 1 (0.49%) SAP HR
Cloud Services
1 2 (0.98%) Amazon EC2
2 1 (0.49%) Google Apps
Communications & Networking
1 4 (1.95%) Intranet
2 3 (1.46%) NAS
2 3 (1.46%) Network Security
2 3 (1.46%) VLAN
2 3 (1.46%) Firewall
2 3 (1.46%) SAN
3 2 (0.98%) IPv6
3 2 (0.98%) Internet
4 1 (0.49%) Software-Defined Networking
4 1 (0.49%) LTE
4 1 (0.49%) Multicast
4 1 (0.49%) 4G
4 1 (0.49%) 3G
4 1 (0.49%) DWDM
4 1 (0.49%) MPLS
4 1 (0.49%) WAN
4 1 (0.49%) Ethernet
Database & Business Intelligence
1 17 (8.29%) SQL Server
2 11 (5.37%) Oracle Database
2 11 (5.37%) Big Data
3 9 (4.39%) Hadoop
4 8 (3.90%) Data Mining
5 7 (3.41%) SAS Enterprise Miner
5 7 (3.41%) Relational Database
5 7 (3.41%) Oracle ODI
6 4 (1.95%) Data Warehouse
6 4 (1.95%) RDBMS
7 3 (1.46%) SQL Server 2008
8 2 (0.98%) DB2
8 2 (0.98%) QlikView
8 2 (0.98%) BusinessObjects XI
8 2 (0.98%) BusinessObjects Web Intelligence
8 2 (0.98%) SQL Server Analysis Services
9 1 (0.49%) Pentaho
9 1 (0.49%) Oracle BI EE
9 1 (0.49%) Mahout
9 1 (0.49%) Impala
Development Applications
1 1 (0.49%) SoapUI
1 1 (0.49%) JIRA
1 1 (0.49%) ERwin
1 1 (0.49%) ClearQuest
1 1 (0.49%) Rational Rose
1 1 (0.49%) Toad
1 1 (0.49%) ClearCase
General
1 75 (36.59%) Finance
2 41 (20.00%) Banking
3 23 (11.22%) Investment Banking
4 15 (7.32%) Marketing
5 11 (5.37%) Front Office
6 7 (3.41%) Military
6 7 (3.41%) Financial Institution
7 5 (2.44%) Games
7 5 (2.44%) Legal
8 4 (1.95%) Retail
9 2 (0.98%) Pharmaceutical
9 2 (0.98%) Telecoms
9 2 (0.98%) Automotive
10 1 (0.49%) Dutch Language
10 1 (0.49%) French Language
10 1 (0.49%) Music Industry
10 1 (0.49%) Manufacturing
10 1 (0.49%) Advertising
10 1 (0.49%) Publishing
10 1 (0.49%) Law
Job Titles
1 89 (43.41%) Project Manager
2 56 (27.32%) Analyst
3 19 (9.27%) Data Analyst
4 16 (7.80%) Business Analyst
5 12 (5.85%) IT Project Manager
6 10 (4.88%) Developer
7 8 (3.90%) Delivery Manager
8 7 (3.41%) Data Scientist
8 7 (3.41%) Insight Analyst
8 7 (3.41%) Consultant
9 6 (2.93%) Programme Manager
9 6 (2.93%) Data Manager
10 5 (2.44%) Investment Banking Business Analyst
10 5 (2.44%) Risk Analyst
10 5 (2.44%) Credit Risk Analyst
10 5 (2.44%) Statistician
10 5 (2.44%) Senior Project Manager
10 5 (2.44%) C# Developer
10 5 (2.44%) Project Planner
10 5 (2.44%) Senior Manager
Libraries, Frameworks & Software Standards
1 4 (1.95%) XML
1 4 (1.95%) .NET
1 4 (1.95%) WPF
2 1 (0.49%) Pandas
2 1 (0.49%) SciPy
2 1 (0.49%) WCF
2 1 (0.49%) SAML
2 1 (0.49%) J2EE
2 1 (0.49%) HTML
2 1 (0.49%) XSD
2 1 (0.49%) COM
2 1 (0.49%) EJB
2 1 (0.49%) JDBC
2 1 (0.49%) JSP
2 1 (0.49%) Servlets
2 1 (0.49%) SOAP
2 1 (0.49%) Struts
Miscellaneous
1 61 (29.76%) Analytical Skills
2 49 (23.90%) Mathematics
3 32 (15.61%) Computer Science
4 29 (14.15%) Statistics
5 24 (11.71%) Management Information System
6 12 (5.85%) Derivative
7 10 (4.88%) Market Risk
8 9 (4.39%) Credit Risk
8 9 (4.39%) Algorithms
9 8 (3.90%) Fixed Income
9 8 (3.90%) Applied Mathematics
10 6 (2.93%) Mainframe
10 6 (2.93%) Visualisation
11 5 (2.44%) PMI
12 3 (1.46%) Online Games
12 3 (1.46%) Psychology
12 3 (1.46%) E-Learning
13 2 (0.98%) NHS
14 1 (0.49%) User Experience
14 1 (0.49%) Performance Metrics
Operating Systems
1 22 (10.73%) Windows
2 15 (7.32%) UNIX
3 8 (3.90%) Windows Server 2003
4 6 (2.93%) Windows Server 2008
5 5 (2.44%) Windows XP
6 2 (0.98%) Linux
7 1 (0.49%) Windows 7
7 1 (0.49%) CentOS
7 1 (0.49%) Mac OS
Processes & Methodologies
1 95 (46.34%) Project Management
2 55 (26.83%) Change Management
3 36 (17.56%) Project Planning
4 33 (16.10%) PRINCE2
5 23 (11.22%) Stakeholder Management
5 23 (11.22%) Programme Management
6 19 (9.27%) Analytics
7 16 (7.80%) Data Analysis
8 15 (7.32%) Agile Software Development
8 15 (7.32%) Business Intelligence
9 14 (6.83%) Information Security
10 13 (6.34%) Risk Management
10 13 (6.34%) Business Analysis
10 13 (6.34%) ITIL
11 12 (5.85%) Predictive Modelling
12 9 (4.39%) Data Modelling
13 8 (3.90%) ETL
13 8 (3.90%) Quality Management
13 8 (3.90%) Operations Research
14 7 (3.41%) User Acceptance Testing
Programming Languages
1 45 (21.95%) SQL
2 12 (5.85%) Python
3 7 (3.41%) VBA
3 7 (3.41%) C#
3 7 (3.41%) Java
4 6 (2.93%) C
5 5 (2.44%) R
6 4 (1.95%) C++
7 3 (1.46%) VB
8 2 (0.98%) Shell Script
8 2 (0.98%) SAS Macro
9 1 (0.49%) Bash Shell
9 1 (0.49%) MATLAB
9 1 (0.49%) JavaScript
Qualifications
1 66 (32.20%) Degree
2 59 (28.78%) Security Cleared
3 47 (22.93%) SC Cleared
4 10 (4.88%) PhD
5 8 (3.90%) DV Cleared
6 6 (2.93%) PMI Certification
7 4 (1.95%) CISA
7 4 (1.95%) PMP
7 4 (1.95%) CISSP
8 3 (1.46%) CISM
9 2 (0.98%) MBA
9 2 (0.98%) PRINCE2 Practitioner
10 1 (0.49%) APMP
10 1 (0.49%) JNCIA
10 1 (0.49%) JNCIS
10 1 (0.49%) CFA
10 1 (0.49%) GIAC
10 1 (0.49%) PRINCE2 Certification
10 1 (0.49%) CIMA
10 1 (0.49%) ACCA
Quality Assurance & Compliance
1 7 (3.41%) QA
2 4 (1.95%) Dodd-Frank
3 3 (1.46%) ISO/IEC 27001
3 3 (1.46%) Sarbanes-Oxley
3 3 (1.46%) SLA
4 1 (0.49%) CDISC
4 1 (0.49%) P3O
4 1 (0.49%) Basel III
System Software
1 5 (2.44%) vSphere
2 4 (1.95%) Active Directory
3 1 (0.49%) Platform Symphony
Systems Management
1 5 (2.44%) Netcool
1 5 (2.44%) OpenView Configuration Management
2 1 (0.49%) ZABBIX
2 1 (0.49%) Opscode Chef
2 1 (0.49%) Puppet
2 1 (0.49%) Oracle Identity Manager
2 1 (0.49%) OPNET
2 1 (0.49%) Tivoli
2 1 (0.49%) Tivoli Identity Manager
Vendors
1 17 (8.29%) Oracle
2 14 (6.83%) Microsoft
3 10 (4.88%) HP
4 9 (4.39%) Cisco
5 7 (3.41%) Tableau
5 7 (3.41%) Teradata
5 7 (3.41%) Informatica
5 7 (3.41%) Business Objects
6 6 (2.93%) SAP
7 5 (2.44%) EMC
8 4 (1.95%) Cyber-Ark
9 3 (1.46%) SonicWALL
9 3 (1.46%) NETGEAR
9 3 (1.46%) VMware
9 3 (1.46%) CheckPoint
9 3 (1.46%) CA
9 3 (1.46%) Dell
10 2 (0.98%) Sybase
10 2 (0.98%) Planview
10 2 (0.98%) Google
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