Period
to 18 January 2022

The median contractor rate for a Financial Analyst was £450 per day in advertised job vacancies in the City of London during the 6 months to 18 January 2022.

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.

Finance Analyst
Central London > City of London
6 months to
18 Jan 2022
Same period 2021 Same period 2020
Rank 179 120 182
Rank change year-on-year -59 +62 +50
Contract jobs requiring a Financial Analyst 8 6 17
As % of all contract jobs advertised in the City of London 0.20% 0.29% 0.34%
As % of the Job Titles category 0.22% 0.32% 0.37%
Number of daily rates quoted 3 3 13
10th Percentile £389 £475 £405
25th Percentile £403 £494 £459
Median daily rate (50th Percentile) £450 £550 £500
Median % change year-on-year -18.18% +10.00% +2.56%
75th Percentile £548 £588 £575
90th Percentile £592 £595 £594
Central London median daily rate £450 £425 £500
% change year-on-year +5.88% -15.00% +5.26%

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 3,699 1,883 4,608
% of contract IT jobs with a recognized job title 92.48% 92.26% 93.45%
Number of daily rates quoted 2,864 1,420 3,638
10th Percentile £356 £305 £300
25th Percentile £463 £413 £413
Median daily rate (50th Percentile) £550 £520 £500
Median % change year-on-year +5.77% +4.00% -
75th Percentile £650 £602 £600
90th Percentile £750 £688 £675
Central London median daily rate £550 £513 £500
% change year-on-year +7.32% +2.50% -
Number of hourly rates quoted 46 20 60
10th Percentile £13.88 £16.58 £12.38
25th Percentile £18.63 £20.74 £14.19
Median hourly rate £33.75 £24.75 £19.75
Median % change year-on-year +36.36% +25.32% +5.61%
75th Percentile £51.50 £36.69 £25.50
90th Percentile £62.50 £46.18 £49.50
Central London median hourly rate £34.50 £26.50 £19.75
% change year-on-year +30.19% +34.18% +5.61%

Financial Analyst
Job Vacancy Trend in the City of London

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

Job vacancy trend for Financial Analyst in the City of London

Financial Analyst
Contractor Daily Rate Trend in the City of London

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

Daily rate trend for Financial Analyst in the City of London

Financial Analyst
Daily Rate Histogram in the City of London

Daily rate distribution for jobs citing Financial Analyst in the City of London over the 6 months to 18 January 2022.

Daily rate histogram for Financial Analyst in the City of London

Financial Analyst
Contractor Hourly Rate Trend in the City of London

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

Hourly rate trend for Financial Analyst in the City of London

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

For the 6 months to 18 January 2022, Financial 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 Financial Analyst in the job title.

1 8 (100.00%) Finance
2 4 (50.00%) IFRS
3 3 (37.50%) Social Skills
3 3 (37.50%) Agile Software Development
3 3 (37.50%) Business Analysis
4 2 (25.00%) Degree
4 2 (25.00%) Requirements Engineering
4 2 (25.00%) GAAP
4 2 (25.00%) SAP BW
4 2 (25.00%) Oracle
4 2 (25.00%) SAP
4 2 (25.00%) Workflow
4 2 (25.00%) FRS 29
4 2 (25.00%) Requirements Gathering
4 2 (25.00%) IFRS 9
4 2 (25.00%) SAP S/4HANA
4 2 (25.00%) PMO
4 2 (25.00%) Computer Science
4 2 (25.00%) QA
4 2 (25.00%) SAP Implementation
5 1 (12.50%) User Acceptance Testing
5 1 (12.50%) Test Scripting
5 1 (12.50%) Oracle General Ledger
5 1 (12.50%) Business Process Modelling
5 1 (12.50%) Tagetik
5 1 (12.50%) Decision-Making
5 1 (12.50%) Self-Motivation
5 1 (12.50%) Problem-Solving
5 1 (12.50%) Workshop Facilitation
5 1 (12.50%) Project Delivery

Financial 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 1 (12.50%) Oracle Workflow
Applications
1 1 (12.50%) Microsoft Excel
Business Applications
1 2 (25.00%) SAP S/4HANA
2 1 (12.50%) Oracle FAH
2 1 (12.50%) Oracle General Ledger
2 1 (12.50%) Oracle Subledger Accounting
Database & Business Intelligence
1 2 (25.00%) SAP BW
General
1 8 (100.00%) Finance
2 3 (37.50%) Social Skills
3 1 (12.50%) Analytical Skills
3 1 (12.50%) Banking
3 1 (12.50%) General Ledger
Libraries, Frameworks & Software Standards
1 1 (12.50%) XML
1 1 (12.50%) XML Messaging
Miscellaneous
1 1 (12.50%) Self-Motivation
Processes & Methodologies
1 3 (37.50%) Agile Software Development
1 3 (37.50%) Business Analysis
2 2 (25.00%) Computer Science
2 2 (25.00%) Requirements Engineering
2 2 (25.00%) Requirements Gathering
2 2 (25.00%) SAP Implementation
2 2 (25.00%) Workflow
3 1 (12.50%) Agile Project Management
3 1 (12.50%) Business Process Modelling
3 1 (12.50%) Continuous Improvement
3 1 (12.50%) Data Modelling
3 1 (12.50%) Decision-Making
3 1 (12.50%) DevOps
3 1 (12.50%) Kalman Filter
3 1 (12.50%) PRINCE2
3 1 (12.50%) Problem-Solving
3 1 (12.50%) Project Delivery
3 1 (12.50%) Project Management
3 1 (12.50%) Test Strategy
3 1 (12.50%) Workshop Facilitation
Qualifications
1 2 (25.00%) Degree
Quality Assurance & Compliance
1 4 (50.00%) IFRS
2 2 (25.00%) FRS 29
2 2 (25.00%) GAAP
2 2 (25.00%) IFRS 9
2 2 (25.00%) PMO
2 2 (25.00%) QA
3 1 (12.50%) P3O
3 1 (12.50%) Solvency II
Vendors
1 2 (25.00%) Oracle
1 2 (25.00%) SAP
2 1 (12.50%) Murex
2 1 (12.50%) Tagetik