The table below looks at the prevalence of the term Financial Institution in contract job vacancies advertised in Essex. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Financial Institution over the 3 months to 22 June 2017 with a comparison to the same period over 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.

Financial Institution
3 months to
22 Jun 2017
Same period 2016 Same period 2015
Rank - 51 62
Contract jobs citing Financial Institution 0 2 1
As % of all contract IT jobs advertised in Essex - 0.42% 0.16%
As % of the General category - 1.03% 0.40%
Number of daily rates quoted 0 0 1
Median daily rate - - £363
UK excluding London median daily rate £475 £438 £398
% change year-on-year +8.57% +10.06%  
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median hourly rate - £10.44 £10.45
% change year-on-year - -0.11%  

Financial Institution is in the common skills category. The next table is for comparison with the above and provides summary statistics for all contract job vacancies advertised in Essex with a requirement for common skills.

General Skills
Essex
Contract job vacancies with a requirement for common skills 149 195 251
As % of all contract IT job vacancies advertised in Essex 34.89% 40.63% 39.34%
Number of daily rates quoted 101 68 155
Median daily rate £538 £400 £400
Median daily rate % change year-on-year +34.37% -  
90% offered a daily rate of more than £425 £239 £274
10% offered a daily rate of more than £613 £505 £600
UK excluding London median daily rate £413 £400 £400
% change year-on-year +3.12% -  
Number of hourly rates quoted 10 66 26
Median hourly rate £35.00 £19.00 £19.00
Median hourly rate % change year-on-year +84.21% -  
90% offered a hourly rate of more than £31.50 £16.50 £16.50
10% offered a hourly rate of more than £45.40 £40.00 £45.65
UK excluding London median hourly rate £30.00 £25.00 £22.50
% change year-on-year +20.00% +11.11%  

Financial Institution
Job Vacancy Trend in Essex

The job posting trend of jobs advertised in Essex citing Financial Institution as a proportion of all contract or permanent IT jobs with a match in the General category.

Job vacancy trend for Financial Institution in Essex

Financial Institution
Contractor Daily Rate Trend in Essex

This chart provides the 3-month moving average for daily rates quoted in contract jobs citing Financial Institution in Essex.

Contractor daily rate trend for Financial Institution in Essex

Financial Institution
Contractor Hourly Rate Trend in Essex

This chart provides the 3-month moving average for contractor hourly rates quoted in IT jobs citing Financial Institution in Essex.

Contractor hourly rate trend for Financial Institution in Essex