The statistics below represent IT contracts advertised across the UK that had Functional Architect featuring in the job title. Included is a guide to the contractor rates offered over the 3 months to 22 February 2017 with a comparison to same period over 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
22 Feb 2017
Same period 2016 Same period 2015
Functional Architect
UK
Rank 590 624 613
Rank change year-on-year
+34 -11
Contract jobs requiring a Functional Architect 4 5 3
As % of all contract IT jobs located in the UK 0.009% 0.010% 0.006%
As % of the Job Titles category 0.009% 0.010% 0.006%
Number of daily rates quoted 2 3 2
Median daily rate £825 £650 £725
Median daily rate % change year-on-year
+26.92% -10.34%
90% offered a daily rate of more than £805 £530 £665
10% offered a daily rate of more than £845 £670 £785
UK excluding London median daily rate - £500 £650
% change year-on-year
- -23.07%
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median hourly rate - - -

The following table is for comparison with the above and provides statistics for the entire Job Titles category in contract jobs advertised across the UK. Most job vacancies include a discernible job title. As such the figures in the first row provide an indication of the total number of contract jobs in the overall sample.

Job Titles Category
UK
Contract IT job ads with a match in the
Job Titles category
42966 49399 48939
As % of all contract IT jobs located in the UK 94.73% 94.99% 94.80%
Number of daily rates quoted 28025 31812 30247
Median daily rate £425 £415 £400
Median daily rate % change year-on-year
+2.40% +3.75%
90% offered a daily rate of more than £250 £260 £240
10% offered a daily rate of more than £600 £575 £563
UK excluding London median daily rate £400 £380 £375
% change year-on-year
+5.26% +1.33%
Number of hourly rates quoted 1562 1656 1895
Median hourly rate £18.50 £17.50 £17.50
Median hourly rate % change year-on-year
+5.71% -
90% offered a hourly rate of more than £11.17 £11.00 £11.00
10% offered a hourly rate of more than £47.00 £50.00 £40.60
UK excluding London median hourly rate £17.50 £18.00 £16.75
% change year-on-year
-2.77% +7.46%

Functional Architect
Jobs Demand Trend

The demand trend of IT contracts that featured Functional Architect in the job title.

Functional Architect Jobs Demand Trend in the UK

Functional Architect
Daily Rate Trend

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

Functional Architect Daily Rate Trend in the UK

Functional Architect
Hourly Rate Trend

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

Functional Architect Hourly Rate Trend in the UK

Functional Architect
Top 3 Contract Locations

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Functional Architect within the UK over the 3 months to 22 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
England +43 4 £825 +26.92%
London +23 4 £825 +24.52%
City of London - 1 £850 -

Functional Architect Skill Set
Top 30 Related IT Skills

For the 6 months to 22 February 2017, Functional Architect contract jobs required the following IT skills in order of popularity. The figures indicate the number co-occurrences and its proportion to all contract ads featuring Functional Architect in the job title.

1 8 (47.06%) Finance
2 6 (35.29%) Banking
3 5 (29.41%) Target Operating Model
4 4 (23.53%) Collateral Management
4 4 (23.53%) Back Office
4 4 (23.53%) Investment Banking
5 3 (17.65%) Stakeholder Management
5 3 (17.65%) Change Management
5 3 (17.65%) Data Structures
5 3 (17.65%) Retail
5 3 (17.65%) TOGAF
6 2 (11.76%) Project Management
6 2 (11.76%) Data Architecture
6 2 (11.76%) Analytical Skills
6 2 (11.76%) Data Flow Diagram
6 2 (11.76%) Salesforce.com
6 2 (11.76%) Data Modelling
6 2 (11.76%) SunGard
6 2 (11.76%) Enterprise Architecture
7 1 (5.88%) Derivative
7 1 (5.88%) Interest Rate Derivative
7 1 (5.88%) Marketing
7 1 (5.88%) MiFID
7 1 (5.88%) Oracle Coherence
7 1 (5.88%) Credit Risk
7 1 (5.88%) Market Risk
7 1 (5.88%) Fixed Income
7 1 (5.88%) SAP MDM
7 1 (5.88%) Programme Management
7 1 (5.88%) Workflow

Functional Architect Skill Set
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 1 (5.88%) Oracle Coherence
Applications
1 1 (5.88%) MS Excel
1 1 (5.88%) MS Project
Business Applications
1 1 (5.88%) SAP MDM
General
1 8 (47.06%) Finance
2 6 (35.29%) Banking
3 4 (23.53%) Back Office
3 4 (23.53%) Investment Banking
4 3 (17.65%) Retail
5 1 (5.88%) Financial Institution
5 1 (5.88%) Legal
5 1 (5.88%) Marketing
Libraries, Frameworks & Software Standards
1 1 (5.88%) REST
1 1 (5.88%) SOAP
Miscellaneous
1 3 (17.65%) Data Structures
2 2 (11.76%) Analytical Skills
3 1 (5.88%) Credit Risk
3 1 (5.88%) Derivative
3 1 (5.88%) Fintech
3 1 (5.88%) Fixed Income
3 1 (5.88%) Foreign Exchange (FX)
3 1 (5.88%) Interest Rate Derivative
3 1 (5.88%) Market Risk
Processes & Methodologies
1 5 (29.41%) Target Operating Model
2 4 (23.53%) Collateral Management
3 3 (17.65%) Change Management
3 3 (17.65%) Stakeholder Management
3 3 (17.65%) TOGAF
4 2 (11.76%) Data Architecture
4 2 (11.76%) Data Flow Diagram
4 2 (11.76%) Data Modelling
4 2 (11.76%) Enterprise Architecture
4 2 (11.76%) Project Management
5 1 (5.88%) B2C
5 1 (5.88%) Data Management
5 1 (5.88%) ERP
5 1 (5.88%) Master Data Management
5 1 (5.88%) PRINCE2
5 1 (5.88%) Programme Management
5 1 (5.88%) Service Management
5 1 (5.88%) Software Delivery
5 1 (5.88%) Validation
5 1 (5.88%) Workflow
Programming Languages
1 1 (5.88%) Java
Quality Assurance & Compliance
1 1 (5.88%) MiFID
Vendors
1 2 (11.76%) Salesforce.com
1 2 (11.76%) SunGard
2 1 (5.88%) Murex
2 1 (5.88%) Nokia
2 1 (5.88%) SAP
2 1 (5.88%) TIBCO