The median contractor rate for a Head of IT was - per day in advertised job vacancies in the City of London during the 3 months to 23 June 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.

Head of Information Technology
London / City of London
3 months to
23 Jun 2017
Same period 2016 Same period 2015
Rank - 162 200
Contract jobs requiring a Head of IT 0 2 1
As % of all contract IT jobs advertised in the City of London - 0.059% 0.017%
As % of the Job Titles category - 0.062% 0.018%
Number of daily rates quoted 0 2 0
Median daily rate - £725 -
UK excluding London median daily rate £588 £525 £525
% change year-on-year +11.90% -  
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 3152 3240 5510
As % of all contract IT job vacancies advertised in the City of London 95.52% 95.74% 94.82%
Number of daily rates quoted 2416 2625 4243
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 £325 £313 £275
10% offered a daily rate of more than £650 £625 £625
UK excluding London median daily rate £400 £400 £370
% change year-on-year - +8.10%  
Number of hourly rates quoted 39 39 100
Median hourly rate £17.77 £19.00 £19.72
Median hourly rate % change year-on-year -6.47% -3.62%  
90% offered a hourly rate of more than £12.93 £12.50 £10.65
10% offered a hourly rate of more than £30.00 £31.50 £37.05
UK excluding London median hourly rate £17.50 £17.45 £16.14
% change year-on-year +0.28% +8.11%  

Head of IT
Job Vacancy Trend in the City of London

The job posting trend of jobs advertised in the City of London that featured Head of IT in the job title.

Job vacancy trend for Head of IT in the City of London

Head of IT
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 Head of IT in the City of London.

Contractor daily rate trend for Head of IT in the City of London