The table below provides summary statistics for contract job vacancies advertised in the City of London with a requirement for knowledge and experience of IBM products and/or services. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited IBM over the 6 months to 17 October 2021 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.
The figures below represent the IT contractor job market in general and are not representative of contractor rates within the International Business Machines Corporation.
| IBM |
|
|
6 months to
17 Oct 2021 |
Same period 2020 |
Same period 2019 |
| Rank |
146 |
98 |
193 |
| Rank change year-on-year |
-48 |
+95 |
-41 |
| Contract jobs citing IBM |
33 |
22 |
36 |
| As % of all contract jobs advertised in the City of London |
0.86% |
1.24% |
0.60% |
| As % of the Vendors category |
2.58% |
3.40% |
1.55% |
| Number of daily rates quoted |
22 |
11 |
24 |
| 10th Percentile |
£413 |
£406 |
£413 |
| 25th Percentile |
£416 |
£411 |
£459 |
| Median daily rate (50th Percentile) |
£481 |
£550 |
£500 |
| Median % change year-on-year |
-12.50% |
+10.00% |
- |
| 75th Percentile |
£625 |
£588 |
£616 |
| 90th Percentile |
£665 |
" |
£673 |
| Central London median daily rate |
£475 |
£550 |
£475 |
| % change year-on-year |
-13.64% |
+15.79% |
- |
IBM is in the Vendor Products and Services category. The following table is for comparison with the above and provides summary statistics for all contract job vacancies with a requirement for knowledge or experience of vendor products and services advertised in the City of London.
| All Vendors City of London |
| Contract vacancies with a requirement for knowledge or experience of vendor products and services |
1,281 |
648 |
2,317 |
| As % of all contract IT jobs advertised in the City of London |
33.50% |
36.57% |
38.85% |
| Number of daily rates quoted |
939 |
472 |
1,801 |
| 10th Percentile |
£325 |
£300 |
£263 |
| 25th Percentile |
£425 |
£413 |
£400 |
| Median daily rate (50th Percentile) |
£540 |
£500 |
£500 |
| Median % change year-on-year |
+8.00% |
- |
+2.56% |
| 75th Percentile |
£638 |
£588 |
£575 |
| 90th Percentile |
£725 |
£650 |
£650 |
| Central London median daily rate |
£534 |
£500 |
£500 |
| % change year-on-year |
+6.75% |
- |
+2.56% |
| Number of hourly rates quoted |
20 |
7 |
51 |
| 10th Percentile |
£8.00 |
£12.75 |
£11.25 |
| 25th Percentile |
£12.16 |
£13.88 |
£12.76 |
| Median hourly rate |
£14.25 |
£18.00 |
£20.50 |
| Median % change year-on-year |
-20.83% |
-12.20% |
+9.63% |
| 75th Percentile |
£23.00 |
£21.00 |
£23.21 |
| 90th Percentile |
£25.98 |
£22.20 |
£44.80 |
| Central London median hourly rate |
£14.25 |
£17.97 |
£20.67 |
| % change year-on-year |
-20.68% |
-13.07% |
+10.51% |
