The median contractor rate for a Functional Consultant was £500 per day in advertised job vacancies in the City of London during the 3 months to 27 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.

Functional Consultant
London / City of London
3 months to
27 Mar 2017
Same period 2016 Same period 2015
Rank 148 151 180
Rank change year-on-year +3 +29  
Contract jobs requiring a Functional Consultant 7 7 14
As % of all contract IT jobs advertised in the City of London 0.23% 0.21% 0.27%
As % of the Job Titles category 0.24% 0.22% 0.28%
Number of daily rates quoted 4 5 8
Median daily rate £500 £500 £500
90% offered a daily rate of more than £433 £404 £418
10% offered a daily rate of more than £518 £540 £583
UK excluding London median daily rate £475 £475 £475
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median hourly rate - - -

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 2871 3173 4972
As % of all contract IT job vacancies advertised in the City of London 95.22% 95.40% 96.13%
Number of daily rates quoted 2239 2525 3747
Median daily rate £500 £473 £450
Median daily rate % change year-on-year +5.82% +5.00%  
90% offered a daily rate of more than £312 £300 £280
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 78
Median hourly rate £19.00 £20.00 £17.98
Median hourly rate % change year-on-year -4.97% +11.20%  
90% offered a hourly rate of more than £13.50 £12.00 £12.50
10% offered a hourly rate of more than £29.38 £45.40 £26.90
UK excluding London median hourly rate £17.50 £20.00 £17.00
% change year-on-year -12.50% +17.64%  

Functional Consultant
Job Vacancy Trend in the City of London

The job posting trend of jobs advertised in the City of London that featured Functional Consultant in the job title.

Job vacancy trend for Functional Consultant in the City of London

Functional Consultant
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 Functional Consultant in the City of London.

Contractor daily rate trend for Functional Consultant in the City of London

Functional Consultant
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 Functional Consultant in the City of London.

Contractor hourly rate trend for Functional Consultant in the City of London

Functional Consultant Skill Set
Top 30 Co-occurring IT Skills in the City of London

For the 6 months to 27 March 2017, Functional Consultant 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 Functional Consultant in the job title.

1 7 (63.64%) Finance
2 3 (27.27%) SAP
2 3 (27.27%) CRM
2 3 (27.27%) Salesforce.com
3 2 (18.18%) Workflow
3 2 (18.18%) Microsoft
3 2 (18.18%) Dynamics AX
4 1 (9.09%) Use Case
4 1 (9.09%) Test Scripting
4 1 (9.09%) Data Architecture
4 1 (9.09%) Cash Management
4 1 (9.09%) Force.com
4 1 (9.09%) Derivative
4 1 (9.09%) JSON
4 1 (9.09%) SAP Business One
4 1 (9.09%) FIX Protocol
4 1 (9.09%) General Ledger
4 1 (9.09%) Business Analysis
4 1 (9.09%) SimCorp
4 1 (9.09%) SimCorp Dimension
4 1 (9.09%) Dynamics CRM
4 1 (9.09%) Oracle EBS
4 1 (9.09%) Advertising
4 1 (9.09%) Stakeholder Management
4 1 (9.09%) Fixed Income
4 1 (9.09%) SAP FI/CO
4 1 (9.09%) Equities
4 1 (9.09%) Foreign Exchange (FX)
4 1 (9.09%) SAP SD
4 1 (9.09%) SAP FI

Functional Consultant 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:

Applications
1 1 (9.09%) MS Excel
Business Applications
1 2 (18.18%) Dynamics AX
2 1 (9.09%) Dynamics CRM
2 1 (9.09%) Minerva
2 1 (9.09%) Oracle EBS
2 1 (9.09%) Salesforce.com CRM
2 1 (9.09%) SAP Business One
2 1 (9.09%) SAP CO
2 1 (9.09%) SAP FI
2 1 (9.09%) SAP FI/CO
2 1 (9.09%) SAP SD
2 1 (9.09%) SimCorp Dimension
Cloud Services
1 1 (9.09%) Amazon AWS
1 1 (9.09%) Force.com
1 1 (9.09%) Heroku
General
1 7 (63.64%) Finance
2 1 (9.09%) Advertising
2 1 (9.09%) Banking
2 1 (9.09%) General Ledger
Libraries, Frameworks & Software Standards
1 1 (9.09%) .NET
1 1 (9.09%) ASP.NET
1 1 (9.09%) FIX Protocol
1 1 (9.09%) JSON
1 1 (9.09%) REST
1 1 (9.09%) Web Services
1 1 (9.09%) XML
Miscellaneous
1 1 (9.09%) Derivative
1 1 (9.09%) Equities
1 1 (9.09%) Fixed Income
1 1 (9.09%) Foreign Exchange (FX)
1 1 (9.09%) Virtual Team
Processes & Methodologies
1 3 (27.27%) CRM
2 2 (18.18%) Workflow
3 1 (9.09%) Agile Software Development
3 1 (9.09%) Asset Management
3 1 (9.09%) Business Analysis
3 1 (9.09%) Business Process Modelling
3 1 (9.09%) Cash Management
3 1 (9.09%) Data Architecture
3 1 (9.09%) Data Management
3 1 (9.09%) Master Data Management
3 1 (9.09%) Microservices
3 1 (9.09%) Order to Cash
3 1 (9.09%) Stakeholder Management
3 1 (9.09%) Test Scripting
3 1 (9.09%) Use Case
Programming Languages
1 1 (9.09%) C#
1 1 (9.09%) JavaScript
1 1 (9.09%) SQL
Vendors
1 3 (27.27%) Salesforce.com
1 3 (27.27%) SAP
2 2 (18.18%) Microsoft
3 1 (9.09%) Marketo
3 1 (9.09%) Oracle
3 1 (9.09%) SimCorp