Period
to 28 January 2022

The following table provides summary statistics for contract job vacancies advertised in the City of London with a requirement for Economics skills. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Economics over the 6 months to 28 January 2022 with a comparison to the 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.

Economics
Central London > City of London
6 months to
28 Jan 2022
Same period 2021 Same period 2020
Rank 178 126 199
Rank change year-on-year -52 +73 +52
Contract jobs citing Economics 10 7 7
As % of all contract jobs advertised in the City of London 0.25% 0.33% 0.14%
As % of the Processes & Methodologies category 0.27% 0.36% 0.16%
Number of daily rates quoted 4 3 5
10th Percentile £561 £407 £568
25th Percentile £596 £407 £575
Median daily rate (50th Percentile) £658 £415 £600
Median % change year-on-year +58.43% -30.83% +11.63%
75th Percentile £730 £471 £656
90th Percentile £738 £500 £743
Central London median daily rate £658 £415 £600
% change year-on-year +58.43% -30.83% +118.18%
Number of hourly rates quoted 3 1 0
10th Percentile £37.05 - -
25th Percentile £38.25 £59.25 -
Median hourly rate £41.50 £60.50 -
Median % change year-on-year -31.40% - -
75th Percentile £47.25 £61.75 -
90th Percentile £49.95 - -
Central London median hourly rate £41.50 £60.50 -
% change year-on-year -31.40% - -

Economics is in the Processes and Methodologies category. The following table is for comparison with the above and provides summary statistics for all contract job vacancies advertised in the City of London with a requirement for process or methodology skills.

All Process and Methodology Skills
City of London
Contract vacancies with a requirement for process or methodology skills 3,655 1,919 4,362
As % of all contract IT jobs advertised in the City of London 91.06% 90.78% 89.02%
Number of daily rates quoted 2,839 1,444 3,402
10th Percentile £375 £313 £319
25th Percentile £475 £413 £413
Median daily rate (50th Percentile) £550 £525 £513
Median % change year-on-year +4.76% +2.44% -
75th Percentile £660 £602 £610
90th Percentile £750 £688 £688
Central London median daily rate £550 £515 £509
% change year-on-year +6.80% +1.23% -0.73%
Number of hourly rates quoted 36 21 49
10th Percentile £19.13 £13.54 £12.03
25th Percentile £33.19 £17.00 £15.00
Median hourly rate £43.50 £26.50 £20.00
Median % change year-on-year +64.15% +32.50% +5.26%
75th Percentile £61.75 £36.50 £25.76
90th Percentile £64.25 £46.00 £52.25
Central London median hourly rate £43.50 £27.00 £21.00
% change year-on-year +61.11% +28.57% +9.09%

Economics
Job Vacancy Trend in the City of London

Job postings citing Economics as a proportion of all IT jobs advertised in the City of London.

Job vacancy trend for Economics in the City of London

Economics
Contractor Daily Rate Trend in the City of London

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

Daily rate trend for Economics in the City of London

Economics
Daily Rate Histogram in the City of London

Daily rate distribution for jobs citing Economics in the City of London over the 6 months to 28 January 2022.

Daily rate histogram for Economics in the City of London

Economics
Contractor Hourly Rate Trend in the City of London

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

Hourly rate trend for Economics in the City of London

Economics
Hourly Rate Histogram in the City of London

Hourly rate distribution of jobs citing Economics in the City of London over the 6 months to 28 January 2022.

Hourly rate histogram for Economics in the City of London

For the 6 months to 28 January 2022, IT contractor jobs citing Economics also mentioned the following 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 with a requirement for Economics.

1 5 (50.00%) Project Management
1 5 (50.00%) Finance
1 5 (50.00%) Agile Software Development
2 4 (40.00%) Azure
2 4 (40.00%) Continuous Improvement
2 4 (40.00%) Analytics
2 4 (40.00%) Public Cloud
3 3 (30.00%) Social Media
3 3 (30.00%) AWS
3 3 (30.00%) Spend Analysis
3 3 (30.00%) Budgeting and Forecasting
3 3 (30.00%) Kubernetes
3 3 (30.00%) GDPR
3 3 (30.00%) Decision-Making
3 3 (30.00%) FinOps
3 3 (30.00%) Computer Science
3 3 (30.00%) CMDB
3 3 (30.00%) Data Protection
3 3 (30.00%) Marketing
3 3 (30.00%) Degree
3 3 (30.00%) Legal
3 3 (30.00%) Billing
3 3 (30.00%) AOP
3 3 (30.00%) SQL
4 2 (20.00%) Financial Institution
4 2 (20.00%) Banking
4 2 (20.00%) Content Strategy
4 2 (20.00%) Cost Optimisation
4 2 (20.00%) Cloudability
4 2 (20.00%) Data Science

Economics
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 1 (10.00%) ArcGIS
1 1 (10.00%) Confluence
Applications
1 1 (10.00%) Microsoft Excel
1 1 (10.00%) Microsoft PowerPoint
1 1 (10.00%) MS Visio
Business Applications
1 2 (20.00%) Cloudability
Cloud Services
1 4 (40.00%) Azure
2 3 (30.00%) AWS
3 2 (20.00%) Amazon EC2
3 2 (20.00%) Amazon S3
Communications & Networking
1 1 (10.00%) DHCP
1 1 (10.00%) DNS
1 1 (10.00%) Firewall
1 1 (10.00%) Intrusion Detection
1 1 (10.00%) LAN
Database & Business Intelligence
1 2 (20.00%) Amazon RDS
2 1 (10.00%) Data Mining
2 1 (10.00%) GIS
2 1 (10.00%) QGIS
2 1 (10.00%) Tableau
Development Applications
1 1 (10.00%) JIRA
1 1 (10.00%) TeamCity
General
1 5 (50.00%) Finance
2 3 (30.00%) Billing
2 3 (30.00%) Legal
2 3 (30.00%) Marketing
3 2 (20.00%) Analytical Skills
3 2 (20.00%) Banking
3 2 (20.00%) Financial Institution
4 1 (10.00%) Front Office
4 1 (10.00%) Influencing Skills
4 1 (10.00%) Investment Banking
4 1 (10.00%) Presentation Skills
4 1 (10.00%) Social Science
4 1 (10.00%) Social Skills
4 1 (10.00%) Telecoms
Job Titles
1 3 (30.00%) Consultant
1 3 (30.00%) Senior Consultant
2 2 (20.00%) Analyst
2 2 (20.00%) Business Analyst
2 2 (20.00%) Cloud Consultant
2 2 (20.00%) User Experience Researcher
3 1 (10.00%) Azure Consultant
3 1 (10.00%) Azure Specialist
3 1 (10.00%) Data Analyst
3 1 (10.00%) Developer
3 1 (10.00%) Investment Banking Java Developer
3 1 (10.00%) IT Business Analyst
3 1 (10.00%) Java Developer
3 1 (10.00%) Senior Business Analyst
3 1 (10.00%) Senior Data Warehouse Specialist
3 1 (10.00%) Senior Developer
3 1 (10.00%) Senior Investment Banking Java Developer
3 1 (10.00%) Senior IT Business Analyst
3 1 (10.00%) Senior Java Developer
Libraries, Frameworks & Software Standards
1 1 (10.00%) FIX Protocol
1 1 (10.00%) Hibernate
1 1 (10.00%) J2SE
1 1 (10.00%) Spring
1 1 (10.00%) XML
Miscellaneous
1 4 (40.00%) Public Cloud
2 3 (30.00%) CMDB
2 3 (30.00%) Social Media
3 2 (20.00%) Hedge funds
3 2 (20.00%) User Experience
4 1 (10.00%) Data Centre
4 1 (10.00%) Private Cloud
4 1 (10.00%) SWIFT
4 1 (10.00%) Virtual Team
Operating Systems
1 1 (10.00%) Unix
Processes & Methodologies
1 5 (50.00%) Agile Software Development
1 5 (50.00%) Project Management
2 4 (40.00%) Analytics
2 4 (40.00%) Continuous Improvement
3 3 (30.00%) AOP
3 3 (30.00%) Budgeting and Forecasting
3 3 (30.00%) Computer Science
3 3 (30.00%) Data Protection
3 3 (30.00%) Decision-Making
3 3 (30.00%) FinOps
3 3 (30.00%) Spend Analysis
4 2 (20.00%) Agile Project Management
4 2 (20.00%) Capacity Planning
4 2 (20.00%) Content Strategy
4 2 (20.00%) Cost Optimisation
4 2 (20.00%) Data Science
4 2 (20.00%) Product Management
4 2 (20.00%) Psychology
4 2 (20.00%) Sociology
4 2 (20.00%) UX Research
Programming Languages
1 3 (30.00%) SQL
2 1 (10.00%) Java
2 1 (10.00%) Python
2 1 (10.00%) R
Qualifications
1 3 (30.00%) Degree
2 1 (10.00%) Master's Degree
2 1 (10.00%) MBA
2 1 (10.00%) PhD
Quality Assurance & Compliance
1 3 (30.00%) GDPR
2 1 (10.00%) Dodd-Frank
2 1 (10.00%) EMIR
2 1 (10.00%) MiFID
2 1 (10.00%) QA
2 1 (10.00%) SLA
Systems Management
1 3 (30.00%) Kubernetes
Vendors
1 1 (10.00%) Cisco
1 1 (10.00%) Dell
1 1 (10.00%) Juniper
1 1 (10.00%) NetApp
1 1 (10.00%) ServiceNow