Functional Analyst Contracts in England

Functional Analyst
UK > England

The median Functional Analyst daily rate in England is £530 according to job vacancies posted during the 6 months to 7 May 2024.

The first table below provides contractor rate benchmarking and summary statistics including a comparison to same period in the previous 2 years.

6 months to
7 May 2024
Same period 2023 Same period 2022
Rank 521 611 760
Rank change year-on-year +90 +149 -157
Contract jobs requiring a Functional Analyst 21 34 18
As % of all contract jobs advertised in England 0.057% 0.069% 0.026%
As % of the Job Titles category 0.062% 0.073% 0.027%
Number of daily rates quoted 16 22 7
10th Percentile £391 £353 £393
25th Percentile £418 £425 £463
Median daily rate (50th Percentile) £530 £550 £600
Median % change year-on-year -3.64% -8.33% +21.70%
75th Percentile £638 £656 £613
90th Percentile £663 £825 £630
UK median daily rate £500 £550 £500
% change year-on-year -9.09% +10.00% +11.11%

All Contract IT Job Vacancies
England

The following table is for comparison with the above and includes summary statistics for all contract IT job vacancies advertised in England. 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.

Contract vacancies in England with a recognized job title 33,916 46,484 67,372
% of contract IT jobs with a recognized job title 92.70% 94.64% 95.50%
Number of daily rates quoted 22,507 32,994 47,972
10th Percentile £281 £313 £313
25th Percentile £413 £425 £425
Median daily rate (50th Percentile) £525 £550 £525
Median % change year-on-year -4.55% +4.76% +7.69%
75th Percentile £645 £663 £639
90th Percentile £750 £758 £738
UK median daily rate £525 £540 £525
% change year-on-year -2.78% +2.86% +10.53%
Number of hourly rates quoted 2,425 1,382 1,859
10th Percentile £12.92 £14.30 £12.50
25th Percentile £16.30 £20.00 £15.37
Median hourly rate £36.50 £45.00 £22.50
Median % change year-on-year -18.89% +100.00% +2.27%
75th Percentile £61.30 £65.45 £48.75
90th Percentile £73.75 £77.50 £62.80
UK median hourly rate £36.50 £45.00 £23.91
% change year-on-year -18.89% +88.21% +6.27%

Functional Analyst
Job Vacancy Trend in England

Job postings that featured Functional Analyst in the job title as a proportion of all IT jobs advertised in England.

Job vacancy trend for Functional Analyst in England

Functional Analyst
Contractor Daily Rate Trend in England

3-month moving average daily rate quoted in jobs citing Functional Analyst in England.

Daily rate trend for Functional Analyst in England

Functional Analyst
Daily Rate Histogram in England

Daily rate distribution for jobs citing Functional Analyst in England over the 6 months to 7 May 2024.

Daily rate histogram for Functional Analyst in England

Functional Analyst
Contractor Hourly Rate Trend in England

3-month moving average hourly rates quoted in jobs citing Functional Analyst in England.

Hourly rate trend for Functional Analyst in England

Functional Analyst
Contract Job Locations in England

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Functional Analyst within the England region over the 6 months to 7 May 2024. The 'Rank Change' column provides an indication of the change in demand within each location based on the same 6 month period last year.

Location Rank Change
on Same Period
Last Year
Matching
Contract
IT Job Ads
Median
Daily Rate
Past 6 Months
Median Daily Rate
% Change
on Same Period
Last Year
Live
Jobs
London +84 11 £520 -30.67% 2
South East +15 5 £625 +16.28%
North of England +23 2 £408 -18.50%
North East - 2 £408 -
Functional Analyst
UK

Functional Analyst Skill Set
Top 30 Co-occurring Skills and Capabilities in England

For the 6 months to 7 May 2024, Functional Analyst contract job roles required the following skills and capabilities in order of popularity. The figures indicate the absolute number co-occurrences and as a proportion of all contract job ads across the England region featuring Functional Analyst in the job title.

1 11 (52.38%) Finance
2 10 (47.62%) Social Skills
3 7 (33.33%) Oracle
4 6 (28.57%) QA
4 6 (28.57%) Procure-to-Pay
5 5 (23.81%) Oracle Procure-to-Pay
5 5 (23.81%) Functional Testing
5 5 (23.81%) Banking
5 5 (23.81%) SAP
6 4 (19.05%) Risk Management
6 4 (19.05%) ERP
6 4 (19.05%) SDLC
6 4 (19.05%) Product Backlog
6 4 (19.05%) Analytical Skills
6 4 (19.05%) Problem-Solving
7 3 (14.29%) End-to-End Testing
7 3 (14.29%) IFRS
7 3 (14.29%) Security Cleared
7 3 (14.29%) Non-Functional Testing
7 3 (14.29%) Oracle General Ledger
7 3 (14.29%) SC Cleared
7 3 (14.29%) ISTQB
7 3 (14.29%) Business Analysis
7 3 (14.29%) Derivative
7 3 (14.29%) Data Analysis
7 3 (14.29%) Equities
7 3 (14.29%) Oracle Forms
8 2 (9.52%) C#
8 2 (9.52%) Java
8 2 (9.52%) SQL

Functional Analyst Skill Set
Co-occurring Skills and Capabilities in England by Category

The follow tables expand on the table above by listing co-occurrences grouped by category. The same employment type, locality and period is covered with up to 20 co-occurrences shown in each of the following categories:

Business Applications
1 5 (23.81%) Oracle Procure-to-Pay
2 3 (14.29%) Oracle General Ledger
3 2 (9.52%) Oracle Cash Management
3 2 (9.52%) Oracle EBS
3 2 (9.52%) Oracle Payables
3 2 (9.52%) Oracle Receivables
4 1 (4.76%) Loan IQ
4 1 (4.76%) Oracle Assets
4 1 (4.76%) Oracle BPM
4 1 (4.76%) Oracle Financials
4 1 (4.76%) SAP ERP
4 1 (4.76%) SAP MM
4 1 (4.76%) SAP S/4HANA
Cloud Services
1 2 (9.52%) OCI
2 1 (4.76%) Dynamics 365
2 1 (4.76%) Microsoft 365
Database & Business Intelligence
1 1 (4.76%) SAP BW
Development Applications
1 3 (14.29%) Oracle Forms
General
1 11 (52.38%) Finance
2 10 (47.62%) Social Skills
3 5 (23.81%) Banking
4 4 (19.05%) Analytical Skills
5 2 (9.52%) Public Sector
5 2 (9.52%) Telecoms
6 1 (4.76%) General Ledger
6 1 (4.76%) Inclusion and Diversity
Libraries, Frameworks & Software Standards
1 1 (4.76%) IDoc
1 1 (4.76%) Oracle Fusion
1 1 (4.76%) SAP XI
1 1 (4.76%) XML
Miscellaneous
1 3 (14.29%) Derivative
1 3 (14.29%) Equities
2 1 (4.76%) Enterprise Software
2 1 (4.76%) Onboarding
Processes & Methodologies
1 6 (28.57%) Procure-to-Pay
2 5 (23.81%) Functional Testing
3 4 (19.05%) ERP
3 4 (19.05%) Problem-Solving
3 4 (19.05%) Product Backlog
3 4 (19.05%) Risk Management
3 4 (19.05%) SDLC
4 3 (14.29%) Business Analysis
4 3 (14.29%) Data Analysis
4 3 (14.29%) End-to-End Testing
4 3 (14.29%) Non-Functional Testing
5 2 (9.52%) Continuous Improvement
5 2 (9.52%) GAP Analysis
5 2 (9.52%) ITIL
5 2 (9.52%) Quantitative Analysis
5 2 (9.52%) Roadmaps
5 2 (9.52%) Stakeholder Management
5 2 (9.52%) Test Scripting
5 2 (9.52%) Test Strategy
5 2 (9.52%) Validation
Programming Languages
1 2 (9.52%) C#
1 2 (9.52%) Java
1 2 (9.52%) SQL
2 1 (4.76%) ABAP
2 1 (4.76%) Python
Qualifications
1 3 (14.29%) ISTQB
1 3 (14.29%) SC Cleared
1 3 (14.29%) Security Cleared
2 2 (9.52%) Degree
3 1 (4.76%) ACCA
3 1 (4.76%) CIMA
3 1 (4.76%) DV Cleared
3 1 (4.76%) ISEB
3 1 (4.76%) Oracle Certification
Quality Assurance & Compliance
1 6 (28.57%) QA
2 3 (14.29%) IFRS
3 1 (4.76%) Basel III
3 1 (4.76%) FINREP
3 1 (4.76%) IFRS 9
Vendors
1 7 (33.33%) Oracle
2 5 (23.81%) SAP
3 2 (9.52%) Microsoft
4 1 (4.76%) VMware