The median contractor rate for a Solvency II Project Manager was £550 per day in advertised job vacancies in the City of London during the 3 months to 29 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.

Project Manager - Solvency II
London / City of London
3 months to
29 Mar 2017
Same period 2016 Same period 2015
Rank 161 158 187
Rank change year-on-year -3 +29  
Contract jobs requiring a Solvency II Project Manager 1 1 4
As % of all contract IT jobs advertised in the City of London 0.033% 0.030% 0.078%
As % of the Job Titles category 0.034% 0.031% 0.081%
Number of daily rates quoted 1 1 4
Median daily rate £550 £640 £600
Median daily rate % change year-on-year -14.06% +6.66%  
UK excluding London median daily rate £625 - £638
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 2926 3222 4914
As % of all contract IT job vacancies advertised in the City of London 95.25% 95.18% 96.09%
Number of daily rates quoted 2273 2570 3709
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 £313 £300 £276
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 33 46 72
Median hourly rate £19.00 £19.99 £17.98
Median hourly rate % change year-on-year -4.96% +11.19%  
90% offered a hourly rate of more than £13.50 £12.00 £12.50
10% offered a hourly rate of more than £29.38 £45.75 £27.37
UK excluding London median hourly rate £17.50 £19.50 £17.00
% change year-on-year -10.25% +14.70%  

Solvency II Project Manager
Job Vacancy Trend in the City of London

The job posting trend of jobs advertised in the City of London that featured Solvency II Project Manager in the job title.

Job vacancy trend for Solvency II Project Manager in the City of London

Solvency II Project Manager
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 Solvency II Project Manager in the City of London.

Contractor daily rate trend for Solvency II Project Manager in the City of London

Solvency II Project Manager Skill Set
Top 5 Co-occurring IT Skills in the City of London

For the 6 months to 29 March 2017, Solvency II Project Manager 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 Solvency II Project Manager in the job title.

1 1 (100.00%) Project Management
1 1 (100.00%) Change Management
1 1 (100.00%) Business Analysis
1 1 (100.00%) Data Integration
1 1 (100.00%) Solvency II

Solvency II Project Manager 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:

Processes & Methodologies
1 1 (100.00%) Business Analysis
1 1 (100.00%) Change Management
1 1 (100.00%) Data Integration
1 1 (100.00%) Project Management
Quality Assurance & Compliance
1 1 (100.00%) Solvency II