Period
to 11 July 2020

The median contractor rate for a Functional Consultant was £500 per day in advertised job vacancies in London during the 6 months to 11 July 2020.

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.

Functional Consultant
England > London
6 months to
11 Jul 2020
Same period 2019 Same period 2018
Rank 332 443 489
Rank change year-on-year +111 +46 -7
Contract jobs requiring a Functional Consultant 66 157 141
As % of all contract jobs advertised in London 0.38% 0.38% 0.30%
As % of the Job Titles category 0.40% 0.40% 0.32%
Number of daily rates quoted 41 72 88
Median daily rate £500 £525 £500
Median daily rate % change year-on-year -4.76% +5.00% +5.26%
10th Percentile £400 £400 £381
90th Percentile £625 £650 £650
England median daily rate £540 £525 £500
% change year-on-year +2.86% +5.00% +5.26%
Number of hourly rates quoted 3 0 0
Median hourly rate £35.00 - -
England median hourly rate £35.00 £70.00 -
% change year-on-year -50.00% - -

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

All Contract IT Job Vacancies
London
Contract vacancies in London with a recognized job title 16,377 39,045 44,059
% of contract IT jobs with a recognized job title 93.41% 94.25% 94.73%
Number of daily rates quoted 11,257 27,943 31,875
Median daily rate £510 £500 £500
Median daily rate % change year-on-year +2.00% - +5.26%
10th Percentile £313 £319 £313
90th Percentile £700 £675 £675
England median daily rate £475 £475 £450
% change year-on-year - +5.56% +2.86%
Number of hourly rates quoted 285 516 668
Median hourly rate £35.00 £21.00 £21.50
Median hourly rate % change year-on-year +66.67% -2.33% -
10th Percentile £15.25 £12.50 £13.09
90th Percentile £54.60 £56.00 £51.63
Median hourly rate £22.67 £20.00 £18.70
% change year-on-year +13.36% +6.95% -

Functional Consultant
Job Vacancy Trend in London

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

Job vacancy trend for Functional Consultant in London

Functional Consultant
Contractor Daily Rate Trend in London

3-month moving average daily rate quoted in jobs citing Functional Consultant in London.

Daily rate trend for Functional Consultant in London

Functional Consultant
Daily Rate Histogram in London

Daily rate distribution for jobs citing Functional Consultant in London over the 6 months to 11 July 2020.

Daily rate histogram for Functional Consultant in London

Functional Consultant
Contractor Hourly Rate Trend in London

3-month moving average hourly rates quoted in jobs citing Functional Consultant in London.

Hourly rate trend for Functional Consultant in London

Functional Consultant
Contract Job Locations in London

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Functional Consultant within the London region over the 6 months to 11 July 2020. 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
Job
Vacancies
West London +45 12 £575 +15.00%
Central London +101 2 £448 -18.78% 1
South London +37 1 - -
Functional Consultant
England

Functional Consultant Skill Set
Top 30 Co-occurring IT Skills in London

For the 6 months to 11 July 2020, Functional Consultant contract jobs required the following IT skills in order of popularity. The figures indicate the absolute number co-occurrences and as a proportion of all contract job ads across the London region featuring Functional Consultant in the job title.

1 34 (51.52%) Oracle
2 19 (28.79%) Finance
3 15 (22.73%) Dynamics 365
4 14 (21.21%) SAP
4 14 (21.21%) CRM
5 12 (18.18%) Oracle EBS R12
6 11 (16.67%) General Ledger
7 10 (15.15%) Dynamics CRM
7 10 (15.15%) Data Migration
7 10 (15.15%) Migration
7 10 (15.15%) Oracle Assets
8 9 (13.64%) Oracle E-Business Tax
8 9 (13.64%) Procure-to-Pay
8 9 (13.64%) Oracle EBS
8 9 (13.64%) Oracle Fusion
9 8 (12.12%) User Stories
9 8 (12.12%) Dynamics AX
9 8 (12.12%) Stakeholder Management
9 8 (12.12%) Oracle Financials
9 8 (12.12%) Microsoft
10 7 (10.61%) Business Intelligence
10 7 (10.61%) Oracle Payables
11 6 (9.09%) Oracle Cash Management
11 6 (9.09%) Oracle Procure-to-Pay
11 6 (9.09%) Record to Report
11 6 (9.09%) SAP S/4HANA
11 6 (9.09%) Workshop Facilitation
11 6 (9.09%) Cash Management
11 6 (9.09%) Azure
11 6 (9.09%) SharePoint

Functional Consultant Skill Set
Co-occurring IT Skills in 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:

Application Platforms
1 6 (9.09%) SharePoint
2 4 (6.06%) BizTalk Server
2 4 (6.06%) Oracle SOA Suite
3 1 (1.52%) Oracle Self-Service HR
Applications
1 2 (3.03%) MS Visio
2 1 (1.52%) Microsoft Office
Business Applications
1 12 (18.18%) Oracle EBS R12
2 10 (15.15%) Dynamics CRM
2 10 (15.15%) Oracle Assets
3 9 (13.64%) Oracle EBS
3 9 (13.64%) Oracle E-Business Tax
4 8 (12.12%) Dynamics AX
4 8 (12.12%) Oracle Financials
5 7 (10.61%) Oracle Payables
6 6 (9.09%) Oracle Cash Management
6 6 (9.09%) Oracle Procure-to-Pay
6 6 (9.09%) SAP S/4HANA
7 5 (7.58%) Oracle iProcurement
7 5 (7.58%) Oracle Receivables
8 4 (6.06%) Oracle General Ledger
8 4 (6.06%) Oracle Subledger Accounting
8 4 (6.06%) Oracle TCA
9 3 (4.55%) Oracle Applications
10 2 (3.03%) Oracle ERP
10 2 (3.03%) SAP SRM
11 1 (1.52%) Misys Opics
Cloud Services
1 15 (22.73%) Dynamics 365
2 6 (9.09%) Azure
3 5 (7.58%) Power Platform
4 3 (4.55%) PowerApps
5 2 (3.03%) Azure Active Directory
5 2 (3.03%) Salesforce Service Cloud
6 1 (1.52%) Oracle CX
6 1 (1.52%) Oracle Service Cloud
6 1 (1.52%) Power Automate
Database & Business Intelligence
1 5 (7.58%) Oracle BI EE
1 5 (7.58%) Power BI
2 4 (6.06%) BusinessObjects
3 1 (1.52%) Oracle Discoverer
3 1 (1.52%) Oracle Reports
3 1 (1.52%) Oracle Smart View
Development Applications
1 3 (4.55%) Visual Studio Team System
2 1 (1.52%) Oracle Forms
2 1 (1.52%) Team Foundation Server
General
1 19 (28.79%) Finance
2 11 (16.67%) General Ledger
3 4 (6.06%) Local Government
3 4 (6.06%) Marketing
4 3 (4.55%) Retail
5 2 (3.03%) Advertising
5 2 (3.03%) Back Office
5 2 (3.03%) Law
6 1 (1.52%) Banking
6 1 (1.52%) Billing
6 1 (1.52%) Dutch Language
6 1 (1.52%) French Language
6 1 (1.52%) Greek Language
6 1 (1.52%) Investment Banking
6 1 (1.52%) Manufacturing
6 1 (1.52%) Public Sector
6 1 (1.52%) Romanian Language
6 1 (1.52%) Serbian Language
Libraries, Frameworks & Software Standards
1 9 (13.64%) Oracle Fusion
2 4 (6.06%) .NET
2 4 (6.06%) J2EE
3 2 (3.03%) SAP Fiori
Miscellaneous
1 5 (7.58%) EFT
2 3 (4.55%) Analytical Skills
3 1 (1.52%) Data Protection Act
3 1 (1.52%) Derivative
Processes & Methodologies
1 14 (21.21%) CRM
2 10 (15.15%) Data Migration
2 10 (15.15%) Migration
3 9 (13.64%) Procure-to-Pay
4 8 (12.12%) Stakeholder Management
4 8 (12.12%) User Stories
5 7 (10.61%) Business Intelligence
6 6 (9.09%) Cash Management
6 6 (9.09%) ERP
6 6 (9.09%) Record to Report
6 6 (9.09%) Workshop Facilitation
7 5 (7.58%) Accounts Receivable
7 5 (7.58%) Order to Cash
7 5 (7.58%) Project Management
8 4 (6.06%) Project Delivery
8 4 (6.06%) Quote-to-Cash
8 4 (6.06%) SOA
8 4 (6.06%) User Acceptance Testing
9 3 (4.55%) GAP Analysis
10 2 (3.03%) Change Management
Programming Languages
1 4 (6.06%) Java
2 2 (3.03%) SQL
3 1 (1.52%) PHP
3 1 (1.52%) PL/SQL
Qualifications
1 4 (6.06%) Security Cleared
2 1 (1.52%) Degree
2 1 (1.52%) SC Cleared
Quality Assurance & Compliance
1 5 (7.58%) SEPA
2 1 (1.52%) IFRS
2 1 (1.52%) IFRS 9
2 1 (1.52%) SLA
System Software
1 2 (3.03%) Active Directory
Vendors
1 34 (51.52%) Oracle
2 14 (21.21%) SAP
3 8 (12.12%) Microsoft
4 3 (4.55%) Salesforce.com
5 1 (1.52%) Anaplan
5 1 (1.52%) Murex
5 1 (1.52%) Temenos
5 1 (1.52%) Workday