The table below looks at the prevalence of the term Economics in IT contracts advertised across the UK. Included is a guide to the contractor rates offered in IT contracts that have cited Economics over the 3 months to 26 June 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
26 Jun 2016
Same period 2015 Same period 2014
Economics
Rank 586 558 521
Rank change year-on-year
-28 -37
Contract jobs citing Economics 57 83 102
As % of all contract IT jobs located in the UK 0.11% 0.15% 0.19%
As % of the Miscellaneous category 0.32% 0.46% 0.58%
Number of daily rates quoted 44 46 68
Median daily rate £438 £375 £375
Median daily rate % change year-on-year
+16.66% -
90% offered a daily rate of more than £200 £260 £318
10% offered a daily rate of more than £609 £493 £517
UK excluding London median daily rate £428 £363 £346
% change year-on-year
+18.00% +4.69%
Number of hourly rates quoted 0 1 9
Median hourly rate - £14.65 £30.00
Median hourly rate % change year-on-year
- -51.18%
UK excluding London median hourly rate - - £25.00

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
17659 17863 17492
As % of all contract IT jobs located in the UK 33.27% 31.95% 32.43%
Number of daily rates quoted 11429 11116 10751
Median daily rate £425 £420 £400
Median daily rate % change year-on-year
+1.19% +5.00%
90% offered a daily rate of more than £255 £250 £230
10% offered a daily rate of more than £600 £600 £600
UK excluding London median daily rate £390 £375 £350
% change year-on-year
+4.00% +7.14%
Number of hourly rates quoted 615 675 702
Median hourly rate £21.50 £19.00 £21.00
Median hourly rate % change year-on-year
+13.15% -9.52%
90% offered a hourly rate of more than £12.50 £12.33 £12.50
10% offered a hourly rate of more than £47.35 £45.24 £42.50
UK excluding London median hourly rate £22.50 £18.47 £21.00
% change year-on-year
+21.81% -12.04%

Economics
Jobs Demand Trend

The demand trend of contract jobs citing Economics as a proportion of all IT contracts with a match in 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 26 June 2016.

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
Top 30 Contract Locations

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Economics within the UK over the 3 months to 26 June 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
England -12 54 £438 +15.13% 34
London +8 20 £451 +6.80% 17
South East -4 19 £525 +38.15% 5
Berkshire -9 9 £550 -9.56% 1
North East -50 8 £350 -22.47% 2
Tyne and Wear -55 8 £350 -22.47% 1
Newcastle upon Tyne -61 8 £350 -22.47% 1
Reading -2 4 £550 - 1
Hampshire -11 4 £424 +11.44% 1
Hook -3 3 £434 +8.76%
West Midlands -20 3 £266 +10.83% 2
Yorkshire -2 2 - - 6
Wolverhampton - 2 £432 -
Hove - 2 £600 -
East Sussex - 2 £600 - 1
Surrey - 2 £350 -
City of London +36 1 £613 +63.33% 3
Buckinghamshire +16 1 £240 -10.94% 2
West Yorkshire +7 1 - - 3
Bristol +6 1 £400 +8.47%
Paddington +6 1 £198 -
South West -4 1 £400 +10.34%
Edinburgh -12 1 £600 +84.61%
Scotland -16 1 £600 +122.22% 1
North West - 1 - - 1
Dudley - 1 £100 -
High Wycombe - 1 £240 -
York - 1 - -
Oxford - 1 £265 -
Weybridge - 1 £350 -

Economics
Top 30 Related IT Skills

For the 6 months to 26 June 2016, IT contractor jobs citing Economics also mentioned the following skills in order of popularity. The figures indicate the number co-occurrences and its proportion to all contract ads with a requirement for Economics.

1 53 (43.80%) Degree
2 47 (38.84%) Finance
2 47 (38.84%) Analytical Skills
3 45 (37.19%) Project Management
4 40 (33.06%) Mathematics
5 33 (27.27%) Change Management
6 29 (23.97%) Computer Science
7 28 (23.14%) Microsoft
8 26 (21.49%) Security Cleared
9 23 (19.01%) SC Cleared
10 22 (18.18%) Programme Management
11 20 (16.53%) Agile Software Development
11 20 (16.53%) MS Office
12 19 (15.70%) SQL
12 19 (15.70%) PRINCE2
13 18 (14.88%) Statistics
14 17 (14.05%) Analytics
15 16 (13.22%) Banking
15 16 (13.22%) MS Excel
15 16 (13.22%) SAS
15 16 (13.22%) Service Management
16 15 (12.40%) Process Improvement
17 14 (11.57%) Service Delivery
17 14 (11.57%) Windows
18 12 (9.92%) VBA
18 12 (9.92%) Oracle
18 12 (9.92%) QA
19 11 (9.09%) Credit Risk
19 11 (9.09%) Marketing
19 11 (9.09%) Project Planning

Economics
Top Related IT Skills 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 16 (13.22%) SAS
2 5 (4.13%) Confluence
3 2 (1.65%) GemFire
3 2 (1.65%) Oracle Coherence
4 1 (0.83%) Apache Spark
4 1 (0.83%) SharePoint
4 1 (0.83%) Skype for Business
Applications
1 20 (16.53%) MS Office
2 16 (13.22%) MS Excel
3 10 (8.26%) MS PowerPoint
3 10 (8.26%) SPSS
4 2 (1.65%) MS Project
4 2 (1.65%) MS Visio
4 2 (1.65%) Spreadsheet
5 1 (0.83%) EViews
Business Applications
1 1 (0.83%) Hyperion Planning
1 1 (0.83%) SAP BPC
1 1 (0.83%) SAP CO
1 1 (0.83%) SAP FI
1 1 (0.83%) SAP FI/CO
Cloud Services
1 7 (5.79%) Google Analytics
2 2 (1.65%) SaaS
3 1 (0.83%) Google Cloud Platform
3 1 (0.83%) Office 365
3 1 (0.83%) OneDrive
3 1 (0.83%) SuccessFactors
Communications & Networking
1 3 (2.48%) HTTPS
1 3 (2.48%) Internet
1 3 (2.48%) SAN
2 2 (1.65%) Firewall
3 1 (0.83%) LAN
3 1 (0.83%) Multicast
3 1 (0.83%) Skype
3 1 (0.83%) Wi-Fi
3 1 (0.83%) WLAN
Database & Business Intelligence
1 10 (8.26%) SQL Server
2 6 (4.96%) Data Mining
3 5 (4.13%) Big Data
3 5 (4.13%) Hadoop
3 5 (4.13%) Relational Database
4 4 (3.31%) Apache Hive
4 4 (3.31%) QlikView
5 3 (2.48%) GIS
6 1 (0.83%) BigQuery
6 1 (0.83%) Data Mart
6 1 (0.83%) Essbase
6 1 (0.83%) Hyperion Smart View
6 1 (0.83%) KDB
6 1 (0.83%) NoSQL
6 1 (0.83%) PowerPivot
6 1 (0.83%) QGIS
6 1 (0.83%) Roambi
6 1 (0.83%) SAS Data Integration Studio
6 1 (0.83%) Spatial Data
6 1 (0.83%) Spotfire
Development Applications
1 5 (4.13%) JIRA
2 1 (0.83%) TeamCity
General
1 47 (38.84%) Finance
2 16 (13.22%) Banking
3 11 (9.09%) Marketing
4 10 (8.26%) Front Office
4 10 (8.26%) Retail
5 9 (7.44%) Investment Banking
6 4 (3.31%) Electronics
7 2 (1.65%) Advertising
8 1 (0.83%) Automotive
8 1 (0.83%) Billing
8 1 (0.83%) Dutch Language
8 1 (0.83%) French Language
8 1 (0.83%) Games
8 1 (0.83%) Greek Language
8 1 (0.83%) Law
8 1 (0.83%) Military
8 1 (0.83%) Polish Language
8 1 (0.83%) Retail Banking
8 1 (0.83%) Romanian Language
8 1 (0.83%) Russian Language
Job Titles
1 45 (37.19%) Project Manager
2 33 (27.27%) Analyst
3 15 (12.40%) Business Analyst
4 13 (10.74%) Programme Manager
5 7 (5.79%) Consultant
6 6 (4.96%) Architect
6 6 (4.96%) SC Cleared Project Manager
6 6 (4.96%) Senior Manager
6 6 (4.96%) Senior Project Manager
7 5 (4.13%) Data Analyst
7 5 (4.13%) Developer
7 5 (4.13%) Risk Analyst
8 4 (3.31%) Applications Manager
8 4 (3.31%) Applications Project Manager
8 4 (3.31%) Digital Project Manager
8 4 (3.31%) Insight Analyst
8 4 (3.31%) Marketing Analyst
8 4 (3.31%) Risk Consultant
8 4 (3.31%) Technical Architect
9 3 (2.48%) Agile Project Manager
Libraries, Frameworks & Software Standards
1 2 (1.65%) .NET
1 2 (1.65%) Spring
2 1 (0.83%) .NET Framework
2 1 (0.83%) Entity Framework
2 1 (0.83%) jQuery
2 1 (0.83%) Middleware
2 1 (0.83%) MLlib
2 1 (0.83%) Murex MxML
2 1 (0.83%) NHibernate
2 1 (0.83%) PostGIS
2 1 (0.83%) SciPy
2 1 (0.83%) Silverlight
Miscellaneous
1 47 (38.84%) Analytical Skills
2 40 (33.06%) Mathematics
3 29 (23.97%) Computer Science
4 18 (14.88%) Statistics
5 11 (9.09%) Credit Risk
6 6 (4.96%) Algorithms
6 6 (4.96%) Derivative
6 6 (4.96%) Physics
7 5 (4.13%) Equities
7 5 (4.13%) Fixed Income
7 5 (4.13%) Virtual Team
8 4 (3.31%) Data Structures
8 4 (3.31%) Hedge funds
8 4 (3.31%) Management Information System
8 4 (3.31%) Market Risk
9 3 (2.48%) User Experience
10 2 (1.65%) Foreign Exchange (FX)
10 2 (1.65%) Visualisation
11 1 (0.83%) PMI
11 1 (0.83%) Video on Demand
Operating Systems
1 14 (11.57%) Windows
2 7 (5.79%) Linux
3 6 (4.96%) Red Hat Enterprise Linux
4 3 (2.48%) Unix
5 1 (0.83%) Mac OS X
5 1 (0.83%) MVS
Processes & Methodologies
1 45 (37.19%) Project Management
2 33 (27.27%) Change Management
3 22 (18.18%) Programme Management
4 20 (16.53%) Agile Software Development
5 19 (15.70%) PRINCE2
6 17 (14.05%) Analytics
7 16 (13.22%) Service Management
8 15 (12.40%) Process Improvement
9 14 (11.57%) Service Delivery
10 11 (9.09%) Project Planning
11 10 (8.26%) Business Analysis
12 9 (7.44%) Configuration Management
12 9 (7.44%) E-Commerce
12 9 (7.44%) ITIL
12 9 (7.44%) Risk Management
13 8 (6.61%) SDLC
14 7 (5.79%) Operations Research
14 7 (5.79%) User Stories
14 7 (5.79%) Validation
15 6 (4.96%) Capacity Planning
Programming Languages
1 19 (15.70%) SQL
2 12 (9.92%) VBA
3 11 (9.09%) Python
4 8 (6.61%) Java
5 7 (5.79%) R
6 2 (1.65%) C#
6 2 (1.65%) C++
6 2 (1.65%) MATLAB
6 2 (1.65%) SAS Macro
7 1 (0.83%) C
7 1 (0.83%) JavaScript
7 1 (0.83%) Perl
7 1 (0.83%) Scala
7 1 (0.83%) T-SQL
7 1 (0.83%) VB
Qualifications
1 53 (43.80%) Degree
2 26 (21.49%) Security Cleared
3 23 (19.01%) SC Cleared
4 6 (4.96%) PMI Certification
5 5 (4.13%) PMP
6 4 (3.31%) Postgraduate
7 3 (2.48%) BPSS Clearance
8 2 (1.65%) CFA
8 2 (1.65%) CISA
8 2 (1.65%) CISM
8 2 (1.65%) CISSP
8 2 (1.65%) PRINCE2 Practitioner
9 1 (0.83%) A+ Certification
9 1 (0.83%) CAPM
9 1 (0.83%) DV Cleared
9 1 (0.83%) MBA
Quality Assurance & Compliance
1 12 (9.92%) QA
2 6 (4.96%) MiFID
3 5 (4.13%) Data Quality
4 4 (3.31%) AIFMD
4 4 (3.31%) Dodd-Frank
4 4 (3.31%) UCITS
5 3 (2.48%) SLA
6 1 (0.83%) Disclosure Scotland
System Software
1 6 (4.96%) VMware Infrastructure
Systems Management
1 6 (4.96%) NetBackup
1 6 (4.96%) Tivoli Storage Manager
2 1 (0.83%) ITRS Geneos
Vendors
1 28 (23.14%) Microsoft
2 12 (9.92%) Oracle
3 7 (5.79%) Google
3 7 (5.79%) Tableau
4 6 (4.96%) BMC
4 6 (4.96%) NetApp
4 6 (4.96%) VMware
5 5 (4.13%) Atlassian
6 3 (2.48%) Cognos
6 3 (2.48%) Optimizely
6 3 (2.48%) SAP
7 2 (1.65%) HP
7 2 (1.65%) Sybase
8 1 (0.83%) Cisco
8 1 (0.83%) Hyperion
8 1 (0.83%) IBM
8 1 (0.83%) MicroStrategy
8 1 (0.83%) Murex
8 1 (0.83%) Splunk
8 1 (0.83%) Teradata
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