Period
to 18 May 2021

The median contractor rate for a Business Analyst was £500 per day in advertised job vacancies in the City of London during the 6 months to 18 May 2021.

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.

Business Analyst
Central London > City of London
6 months to
18 May 2021
Same period 2020 Same period 2019
Rank 21 32 48
Rank change year-on-year +11 +16 -20
Contract jobs requiring a Business Analyst 196 186 297
As % of all contract jobs advertised in the City of London 7.06% 5.67% 4.56%
As % of the Job Titles category 7.51% 6.05% 4.85%
Number of daily rates quoted 118 147 226
10th Percentile £400 £393 £382
25th Percentile £463 £413 £425
Median daily rate (50th Percentile) £500 £500 £500
75th Percentile £569 £556 £550
90th Percentile £650 £617 £631
Central London median daily rate £500 £500 £475
% change year-on-year - +5.26% -
Number of hourly rates quoted 1 1 0
Median hourly rate £27.00 £24.00 -
Median % change year-on-year +12.50% - -
Central London median hourly rate £27.00 £24.00 -
% change year-on-year +12.50% - -

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

All Contract IT Job Vacancies
City of London
Contract vacancies in the City of London with a recognized job title 2,611 3,075 6,129
% of contract IT jobs with a recognized job title 94.09% 93.72% 94.15%
Number of daily rates quoted 1,907 2,310 4,749
10th Percentile £325 £300 £313
25th Percentile £425 £413 £423
Median daily rate (50th Percentile) £525 £500 £520
Median % change year-on-year +5.00% -3.85% +4.00%
75th Percentile £625 £600 £600
90th Percentile £700 £675 £675
Central London median daily rate £525 £500 £513
% change year-on-year +5.00% -2.44% +2.50%
Number of hourly rates quoted 29 51 61
10th Percentile £11.90 £12.42 £11.25
25th Percentile £13.63 £14.19 £13.48
Median hourly rate £17.98 £22.74 £19.50
Median % change year-on-year -20.94% +16.59% +4.28%
75th Percentile £27.25 £38.71 £27.43
90th Percentile £38.40 £52.25 £43.01
Central London median hourly rate £17.98 £21.00 £20.00
% change year-on-year -14.40% +5.00% +6.95%

Business Analyst
Job Vacancy Trend in the City of London

Job postings that featured Business Analyst in the job title as a proportion of all IT jobs advertised in the City of London.

Job vacancy trend for Business Analyst in the City of London

Business Analyst
Contractor Daily Rate Trend in the City of London

3-month moving average daily rate quoted in jobs citing Business Analyst in the City of London.

Daily rate trend for Business Analyst in the City of London

Business Analyst
Daily Rate Histogram in the City of London

Daily rate distribution for jobs citing Business Analyst in the City of London over the 6 months to 18 May 2021.

Daily rate histogram for Business Analyst in the City of London

Business Analyst
Contractor Hourly Rate Trend in the City of London

3-month moving average hourly rates quoted in jobs citing Business Analyst in the City of London.

Hourly rate trend for Business Analyst in the City of London

Business Analyst Skill Set
Top 30 Co-occurring IT Skills in the City of London

For the 6 months to 18 May 2021, Business Analyst contract jobs required the following IT skills in order of popularity. The figures indicate the absolute number co-occurrences and as a proportion of all contract job ads across the City of London region featuring Business Analyst in the job title.

1 103 (52.55%) Finance
2 72 (36.73%) Social Skills
3 71 (36.22%) Agile Software Development
4 66 (33.67%) Business Analysis
5 45 (22.96%) Stakeholder Management
6 44 (22.45%) Requirements Gathering
7 40 (20.41%) Asset Management
8 35 (17.86%) SQL
9 34 (17.35%) Banking
10 33 (16.84%) Project Management
11 32 (16.33%) GAP Analysis
11 32 (16.33%) Problem-Solving
12 26 (13.27%) Insurtech
13 22 (11.22%) Analytical Skills
13 22 (11.22%) Data Analysis
13 22 (11.22%) Change Management
13 22 (11.22%) Microsoft Excel
14 20 (10.20%) Tandem
15 19 (9.69%) MS Visio
16 17 (8.67%) Software Engineering
16 17 (8.67%) Software Testing
17 16 (8.16%) User Acceptance Testing
17 16 (8.16%) User Stories
18 15 (7.65%) Target Operating Model
18 15 (7.65%) Management Information System
18 15 (7.65%) Salesforce.com
19 13 (6.63%) SDLC
19 13 (6.63%) Business Case
19 13 (6.63%) Front Office
19 13 (6.63%) Analytics

Business Analyst Skill Set
Co-occurring 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 3 (1.53%) Confluence
2 2 (1.02%) Oracle Workflow
3 1 (0.51%) Adobe Experience Manager
3 1 (0.51%) Camunda
3 1 (0.51%) SharePoint
Applications
1 22 (11.22%) Microsoft Excel
2 19 (9.69%) MS Visio
3 12 (6.12%) Microsoft Office
4 11 (5.61%) Microsoft PowerPoint
5 2 (1.02%) Spreadsheet
Business Applications
1 2 (1.02%) Oracle FAH
1 2 (1.02%) Oracle General Ledger
1 2 (1.02%) Oracle Subledger Accounting
2 1 (0.51%) Dynamics CRM
2 1 (0.51%) Eikon
2 1 (0.51%) iTrent
2 1 (0.51%) Loan IQ
2 1 (0.51%) Orchestrade
2 1 (0.51%) SAP HR
2 1 (0.51%) SAP MM
2 1 (0.51%) SAP Oil and Gas
2 1 (0.51%) SAP S/4HANA
Cloud Services
1 7 (3.57%) Power Platform
2 5 (2.55%) Salesforce Sales Cloud
3 3 (1.53%) Azure
4 2 (1.02%) AWS
4 2 (1.02%) GCP
4 2 (1.02%) Microsoft 365
5 1 (0.51%) Akamai
5 1 (0.51%) Dynamics 365
5 1 (0.51%) SuccessFactors
Communications & Networking
1 3 (1.53%) Network Security
1 3 (1.53%) Unified Communications
2 1 (0.51%) Internet
Database & Business Intelligence
1 7 (3.57%) Power BI
2 4 (2.04%) MS Access
3 3 (1.53%) Qlik Sense
3 3 (1.53%) QlikView
3 3 (1.53%) SQL Server
4 2 (1.02%) Big Data
5 1 (0.51%) Data Lake
5 1 (0.51%) Data Warehouse
5 1 (0.51%) Relational Database
5 1 (0.51%) SAP HANA
5 1 (0.51%) SQL Server Analysis Services
5 1 (0.51%) SQL Server Integration Services
5 1 (0.51%) SQL Server Reporting Services
5 1 (0.51%) Tableau
Development Applications
1 3 (1.53%) JIRA
1 3 (1.53%) Team Foundation Server
2 1 (0.51%) Eclipse
2 1 (0.51%) SQL Server Management Studio (SSMS)
General
1 103 (52.55%) Finance
2 72 (36.73%) Social Skills
3 34 (17.35%) Banking
4 22 (11.22%) Analytical Skills
5 13 (6.63%) Front Office
6 9 (4.59%) Investment Banking
7 7 (3.57%) Legal
7 7 (3.57%) Retail
8 6 (3.06%) Documentation Skills
9 5 (2.55%) Organisational Skills
9 5 (2.55%) Public Sector
10 4 (2.04%) Marketing
11 3 (1.53%) Financial Institution
11 3 (1.53%) International Banking
12 2 (1.02%) General Ledger
12 2 (1.02%) Presentation Skills
12 2 (1.02%) Retail Finance
13 1 (0.51%) Law
13 1 (0.51%) Publishing
13 1 (0.51%) Telecoms
Libraries, Frameworks & Software Standards
1 3 (1.53%) .NET
1 3 (1.53%) Gherkin
1 3 (1.53%) XML
2 2 (1.02%) XML Messaging
3 1 (0.51%) FIX Protocol
3 1 (0.51%) REST
3 1 (0.51%) SailPoint
3 1 (0.51%) XSLT
Miscellaneous
1 20 (10.20%) Tandem
2 15 (7.65%) Management Information System
3 12 (6.12%) Derivative
4 10 (5.10%) User Experience
5 9 (4.59%) Foreign Exchange (FX)
6 7 (3.57%) Reinsurance
7 6 (3.06%) Equities
8 5 (2.55%) Credit Risk
9 4 (2.04%) Data Structures
9 4 (2.04%) OTC Derivatives
10 3 (1.53%) Fixed Income
10 3 (1.53%) Reference Data
11 2 (1.02%) CMDB
11 2 (1.02%) Market Risk
12 1 (0.51%) Client/Server
12 1 (0.51%) Cyber Defence
12 1 (0.51%) Greenfield Project
12 1 (0.51%) Mobile App
12 1 (0.51%) Self-Motivation
12 1 (0.51%) Taxonomies
Processes & Methodologies
1 71 (36.22%) Agile Software Development
2 66 (33.67%) Business Analysis
3 45 (22.96%) Stakeholder Management
4 44 (22.45%) Requirements Gathering
5 40 (20.41%) Asset Management
6 33 (16.84%) Project Management
7 32 (16.33%) GAP Analysis
7 32 (16.33%) Problem-Solving
8 26 (13.27%) Insurtech
9 22 (11.22%) Change Management
9 22 (11.22%) Data Analysis
10 17 (8.67%) Software Engineering
10 17 (8.67%) Software Testing
11 16 (8.16%) User Acceptance Testing
11 16 (8.16%) User Stories
12 15 (7.65%) Target Operating Model
13 13 (6.63%) Analytics
13 13 (6.63%) Business Case
13 13 (6.63%) SDLC
14 12 (6.12%) Business Intelligence
Programming Languages
1 35 (17.86%) SQL
2 4 (2.04%) C#
2 4 (2.04%) T-SQL
3 3 (1.53%) VBA
4 1 (0.51%) Python
Qualifications
1 13 (6.63%) Degree
2 10 (5.10%) Security Cleared
3 8 (4.08%) SC Cleared
4 4 (2.04%) Computer Science Degree
4 4 (2.04%) Numerate Degree
5 2 (1.02%) ACCA
5 2 (1.02%) CIMA
5 2 (1.02%) DV Cleared
5 2 (1.02%) FFIEC
5 2 (1.02%) ISEB
6 1 (0.51%) Master's Degree
6 1 (0.51%) Six Sigma Black Belt
Quality Assurance & Compliance
1 7 (3.57%) IFRS
1 7 (3.57%) MiFID
2 6 (3.06%) QA
3 4 (2.04%) Data Quality
3 4 (2.04%) EMIR
4 2 (1.02%) COBIT
4 2 (1.02%) COREP
4 2 (1.02%) GAAP
4 2 (1.02%) NIST
5 1 (0.51%) Actionable Recommendations
5 1 (0.51%) Basel II
5 1 (0.51%) GDPR
5 1 (0.51%) IFRS 9
5 1 (0.51%) PMO
5 1 (0.51%) UCITS
Systems Management
1 2 (1.02%) CASB
Vendors
1 15 (7.65%) Salesforce.com
2 12 (6.12%) Microsoft
3 6 (3.06%) Oracle
4 5 (2.55%) SAP
5 3 (1.53%) Atlassian
5 3 (1.53%) Murex
6 2 (1.02%) Cadence
6 2 (1.02%) Cisco
6 2 (1.02%) Google
7 1 (0.51%) Adobe
7 1 (0.51%) Ariba
7 1 (0.51%) Avaloq
7 1 (0.51%) Bloomberg
7 1 (0.51%) Informatica
7 1 (0.51%) Refinitiv
7 1 (0.51%) Reuters