The median contractor rate for a Business Analyst was £500 per day in advertised job vacancies in the City of London during the 3 months to 24 March 2017.

The first table below provides contractor rate benchmarking and summary statistics including a comparison to same period in the previous 2 years.

Note that daily and hourly rates are treated separately in these statistics. When calculating contractor rate percentiles, daily rates are never derived from quoted hourly rates or vice versa.

3 months to
24 Mar 2017
Same period 2016 Same period 2015
Business Analyst
London / City of London
Rank 17 19 13
Rank change year-on-year +2 -6  
Contract jobs requiring a Business Analyst 253 283 457
As % of all contract IT jobs advertised in the City of London 8.34% 8.59% 9.05%
As % of the Job Titles category 8.76% 9.01% 9.42%
Number of daily rates quoted 195 246 355
Median daily rate £500 £500 £475
Median daily rate % change year-on-year - +5.26%  
90% offered a daily rate of more than £354 £393 £350
10% offered a daily rate of more than £623 £600 £600
UK excluding London median daily rate £400 £388 £400
% change year-on-year +3.22% -3.12%  
Number of hourly rates quoted 0 1 0
Median hourly rate - £47.50 -
UK excluding London median hourly rate £45.00 £46.20 £41.00
% change year-on-year -2.58% +12.67%  

The next table is for comparison with the above and includes summary statistics for all job roles in contract job vacancies advertised in the City of London. Most job vacancies include a discernible job title. As such, the figures in the first row provide an indication of the number of contract jobs in our overall sample.

Contract IT Job Roles
City of London
Contract job vacancies with a job title containing a recognized job role 2888 3140 4850
As % of all contract IT job vacancies advertised in the City of London 95.25% 95.32% 96.06%
Number of daily rates quoted 2244 2502 3650
Median daily rate £500 £475 £450
Median daily rate % change year-on-year +5.26% +5.55%  
90% offered a daily rate of more than £313 £300 £276
10% offered a daily rate of more than £650 £625 £600
UK excluding London median daily rate £400 £388 £375
% change year-on-year +3.22% +3.33%  
Number of hourly rates quoted 32 47 76
Median hourly rate £19.00 £20.00 £18.70
Median hourly rate % change year-on-year -4.97% +6.92%  
90% offered a hourly rate of more than £13.50 £12.00 £12.50
10% offered a hourly rate of more than £29.38 £46.10 £27.37
UK excluding London median hourly rate £17.50 £20.00 £17.38
% change year-on-year -12.50% +15.10%  

Business Analyst
Job Vacancy Trend in the City of London

The job posting trend of jobs advertised in the City of London that featured Business Analyst in the job title.

Job vacancy trend for Business Analyst in the City of London

Business Analyst
Contractor Daily Rate Trend in the City of London

This chart provides the 3-month moving average for daily rates quoted in contract jobs citing Business Analyst in the City of London.

Contractor daily rate trend for Business Analyst in the City of London

Business Analyst
Contractor Daily Rate Histogram in the City of London

The daily rate distribution of IT jobs citing Business Analyst in the City of London over the 3 months to 24 March 2017.

Contractor daily rate histogram for Business Analyst in the City of London

Business Analyst
Contractor Hourly Rate Trend in the City of London

This chart provides the 3-month moving average for hourly rates quoted in IT contractor jobs citing Business Analyst in the City of London.

Contractor hourly rate trend for Business Analyst in the City of London

Business Analyst Skill Set
Top 30 Related IT Skills in the City of London

For the 6 months to 24 March 2017, Business Analyst 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 across the City of London region featuring Business Analyst in the job title.

1 197 (38.63%) Business Analysis
2 191 (37.45%) Finance
3 121 (23.73%) Agile Software Development
4 108 (21.18%) Banking
5 107 (20.98%) Stakeholder Management
6 79 (15.49%) MiFID
7 69 (13.53%) Front Office
8 60 (11.76%) Use Case
9 59 (11.57%) Asset Management
10 55 (10.78%) Analytical Skills
11 49 (9.61%) Investment Banking
12 47 (9.22%) Foreign Exchange (FX)
13 45 (8.82%) Project Management
13 45 (8.82%) SQL
14 43 (8.43%) Derivative
15 42 (8.24%) User Acceptance Testing
16 41 (8.04%) Investment Management
16 41 (8.04%) Fixed Income
17 38 (7.45%) Scrum
17 38 (7.45%) User Stories
18 35 (6.86%) Change Management
19 30 (5.88%) Microsoft
20 29 (5.69%) UML
20 29 (5.69%) SDLC
21 28 (5.49%) Migration
21 28 (5.49%) Data Modelling
21 28 (5.49%) GAP Analysis
22 25 (4.90%) Data Analysis
22 25 (4.90%) QA
23 24 (4.71%) Test Scripting

Business Analyst Skill Set
Top Related IT Skills in the City of London 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 11 (2.16%) SharePoint
2 8 (1.57%) Confluence
3 3 (0.59%) CMS
4 2 (0.39%) Adobe Experience Manager
4 2 (0.39%) SharePoint 2010
4 2 (0.39%) SharePoint 2013
5 1 (0.20%) Apache
5 1 (0.20%) Documentum
5 1 (0.20%) FileNet
5 1 (0.20%) IBM Notes
5 1 (0.20%) SAS
5 1 (0.20%) Skype for Business
Applications
1 21 (4.12%) MS Visio
2 15 (2.94%) MS Excel
3 10 (1.96%) MS Office
4 6 (1.18%) MS PowerPoint
5 3 (0.59%) MS Project
6 1 (0.20%) Spreadsheet
Business Applications
1 8 (1.57%) FLEXCUBE
1 8 (1.57%) Loan IQ
2 5 (0.98%) Dynamics CRM
3 4 (0.78%) ION MarketView
3 4 (0.78%) Markit EDM
3 4 (0.78%) SimCorp Dimension
3 4 (0.78%) thinkFolio
4 3 (0.59%) Bloomberg TOMS
4 3 (0.59%) Eagle PACE
4 3 (0.59%) Minerva
5 2 (0.39%) Adobe Campaign
5 2 (0.39%) Summit
6 1 (0.20%) Dynamics AX
6 1 (0.20%) Hyperion Planning
6 1 (0.20%) Magento
6 1 (0.20%) RMDS
6 1 (0.20%) Salesforce.com CRM
6 1 (0.20%) SAP CRM
6 1 (0.20%) SAP Oil and Gas
6 1 (0.20%) Temenos T24
Cloud Services
1 5 (0.98%) IBM Blueworks
2 3 (0.59%) Office 365
2 3 (0.59%) SuccessFactors
3 1 (0.20%) G Suite
3 1 (0.20%) Microsoft Azure
Communications & Networking
1 4 (0.78%) Internet
1 4 (0.78%) Intranet
2 2 (0.39%) FIX Connectivity
2 2 (0.39%) Network Security
3 1 (0.20%) ATM
3 1 (0.20%) Firewall
3 1 (0.20%) Kerberos
3 1 (0.20%) LDAP
3 1 (0.20%) SSL
3 1 (0.20%) TETRA
Database & Business Intelligence
1 14 (2.75%) Data Warehouse
2 13 (2.55%) SQL Server
3 7 (1.37%) Big Data
3 7 (1.37%) QlikView
3 7 (1.37%) SQL Server Reporting Services
4 5 (0.98%) Relational Database
5 3 (0.59%) Hadoop
5 3 (0.59%) RDBMS
6 2 (0.39%) Data Mining
6 2 (0.39%) Power BI
6 2 (0.39%) SQL Server Analysis Services
6 2 (0.39%) SQL Server Integration Services
7 1 (0.20%) Blockchain
7 1 (0.20%) Data Lake
7 1 (0.20%) Electronic Patient Records
7 1 (0.20%) Essbase
7 1 (0.20%) NoSQL
7 1 (0.20%) Oracle Database
7 1 (0.20%) Qlik Sense
7 1 (0.20%) SQL Server 2012
Development Applications
1 22 (4.31%) JIRA
2 6 (1.18%) Team Foundation Server
3 5 (0.98%) Visual Studio
4 3 (0.59%) Eclipse
5 1 (0.20%) Cucumber
5 1 (0.20%) Jenkins
5 1 (0.20%) Subversion
5 1 (0.20%) Visual Studio Team System
General
1 191 (37.45%) Finance
2 108 (21.18%) Banking
3 69 (13.53%) Front Office
4 49 (9.61%) Investment Banking
5 19 (3.73%) Retail
6 16 (3.14%) Advertising
6 16 (3.14%) Legal
7 12 (2.35%) Marketing
8 11 (2.16%) Back Office
9 10 (1.96%) Games
10 8 (1.57%) Law
10 8 (1.57%) Wholesale Banking
11 6 (1.18%) Retail Banking
12 5 (0.98%) Financial Institution
13 3 (0.59%) French Language
13 3 (0.59%) Telecoms
14 2 (0.39%) Corporate Banking
14 2 (0.39%) Manufacturing
14 2 (0.39%) Private Banking
14 2 (0.39%) Spanish Language
Libraries, Frameworks & Software Standards
1 9 (1.76%) FpML
2 8 (1.57%) XML
3 6 (1.18%) FIX Protocol
4 4 (0.78%) Gherkin
4 4 (0.78%) Middleware
5 3 (0.59%) Murex MxML
6 2 (0.39%) Oracle Fusion
6 2 (0.39%) Web Services
6 2 (0.39%) XBRL
7 1 (0.20%) .NET
7 1 (0.20%) HTML
7 1 (0.20%) HTML5
7 1 (0.20%) J2EE
7 1 (0.20%) JSP
7 1 (0.20%) Mason
7 1 (0.20%) SailPoint
7 1 (0.20%) SAML
7 1 (0.20%) Servlets
7 1 (0.20%) Software Packaging
7 1 (0.20%) Velocity
Miscellaneous
1 55 (10.78%) Analytical Skills
2 47 (9.22%) Foreign Exchange (FX)
3 43 (8.43%) Derivative
4 41 (8.04%) Fixed Income
5 19 (3.73%) Equities
6 14 (2.75%) Market Risk
6 14 (2.75%) User Experience
7 12 (2.35%) Credit Risk
7 12 (2.35%) Reinsurance
8 11 (2.16%) Management Information System
9 10 (1.96%) Fintech
10 8 (1.57%) Reference Data
11 7 (1.37%) Credit Derivative
12 5 (0.98%) Computer Science
13 3 (0.59%) Client/Server
13 3 (0.59%) Data Centre
13 3 (0.59%) Equity Derivative
14 2 (0.39%) OTC Derivatives
14 2 (0.39%) SWIFT
14 2 (0.39%) Virtual Team
Operating Systems
1 9 (1.76%) Windows
2 5 (0.98%) Linux
3 1 (0.20%) Unix
3 1 (0.20%) Windows 10
Processes & Methodologies
1 197 (38.63%) Business Analysis
2 121 (23.73%) Agile Software Development
3 107 (20.98%) Stakeholder Management
4 60 (11.76%) Use Case
5 59 (11.57%) Asset Management
6 45 (8.82%) Project Management
7 42 (8.24%) User Acceptance Testing
8 41 (8.04%) Investment Management
9 38 (7.45%) Scrum
9 38 (7.45%) User Stories
10 35 (6.86%) Change Management
11 29 (5.69%) SDLC
11 29 (5.69%) UML
12 28 (5.49%) Data Modelling
12 28 (5.49%) GAP Analysis
12 28 (5.49%) Migration
13 25 (4.90%) Data Analysis
14 24 (4.71%) Business Intelligence
14 24 (4.71%) Process Improvement
14 24 (4.71%) Waterfall
Programming Languages
1 45 (8.82%) SQL
2 3 (0.59%) C
2 3 (0.59%) Java
2 3 (0.59%) Python
3 2 (0.39%) C#
3 2 (0.39%) T-SQL
3 2 (0.39%) VBA
4 1 (0.20%) PL/SQL
4 1 (0.20%) R
4 1 (0.20%) VB
Qualifications
1 22 (4.31%) Security Cleared
2 21 (4.12%) ISEB
3 12 (2.35%) Degree
4 10 (1.96%) DV Cleared
4 10 (1.96%) SC Cleared
5 9 (1.76%) CBAP
6 7 (1.37%) Chartered Engineer
6 7 (1.37%) CITP
7 5 (0.98%) CISSP
8 4 (0.78%) CTC Cleared
9 3 (0.59%) CISA
9 3 (0.59%) CISM
9 3 (0.59%) ITIL Certification
9 3 (0.59%) PRINCE2 Certification
10 2 (0.39%) BPSS Clearance
10 2 (0.39%) IIBA
11 1 (0.20%) CIMA
11 1 (0.20%) CSSLP
11 1 (0.20%) RHCE
11 1 (0.20%) Six Sigma Black Belt
Quality Assurance & Compliance
1 79 (15.49%) MiFID
2 25 (4.90%) QA
3 10 (1.96%) Dodd-Frank
3 10 (1.96%) EMIR
3 10 (1.96%) GDPR
4 8 (1.57%) Solvency II
5 6 (1.18%) Data Quality
6 4 (0.78%) SEPA
7 2 (0.39%) Basel III
7 2 (0.39%) PCI DSS
7 2 (0.39%) PMO
7 2 (0.39%) Sarbanes-Oxley
8 1 (0.20%) DICOM
8 1 (0.20%) FATCA
8 1 (0.20%) FINREP
8 1 (0.20%) SLA
8 1 (0.20%) UCITS
System Software
1 1 (0.20%) Active Directory
1 1 (0.20%) Docker
Systems Management
1 2 (0.39%) HP Quality Center
2 1 (0.20%) CA Single Sign-On
2 1 (0.20%) ITRS Geneos
2 1 (0.20%) Nagios
Vendors
1 30 (5.88%) Microsoft
2 14 (2.75%) Murex
2 14 (2.75%) Oracle
3 10 (1.96%) Bloomberg
3 10 (1.96%) Charles River
3 10 (1.96%) Fidessa
3 10 (1.96%) Salesforce.com
3 10 (1.96%) SAP
4 7 (1.37%) HP
5 6 (1.18%) Cognos
5 6 (1.18%) CyberArk
5 6 (1.18%) Guidewire
6 5 (0.98%) ION Trading
6 5 (0.98%) Splunk
6 5 (0.98%) Tableau
7 4 (0.78%) SimCorp
8 3 (0.59%) GoldenSource
8 3 (0.59%) IBM
8 3 (0.59%) Varonis
9 2 (0.39%) ServiceNow
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