Period
to 22 November 2017

The following table provides summary statistics for contract job vacancies advertised in Scotland with a requirement for Economics skills. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Economics over the 6 months to 22 November 2017 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.

Economics
UK > Scotland
6 months to
22 Nov 2017
Same period 2016 Same period 2015
Rank 187 175 191
Rank change year-on-year -12 +16 -16
Contract jobs citing Economics 1 6 4
As % of all contract IT jobs advertised in Scotland 0.020% 0.14% 0.065%
As % of the Processes & Methodologies category 0.024% 0.17% 0.080%
Number of daily rates quoted 0 7 2
Scotland median daily rate - £350 £265
Median daily rate % change year-on-year - +32.08% -23.85%
UK median daily rate £561 £400 £400
% change year-on-year +40.31% - -
Number of hourly rates quoted 0 0 0
Scotland median hourly rate - - -
UK median hourly rate £29.50 £24.88 £14.11
% change year-on-year +18.59% +76.36% -52.98%

Economics is in the Processes and Methodologies category. The following table is for comparison with the above and provides summary statistics for all contract job vacancies advertised in Scotland with a requirement for process or methodology skills.

All Process and Methodology Skills
Scotland
Contract vacancies with a requirement for process or methodology skills 4249 3633 5027
As % of all contract IT jobs advertised in Scotland 84.19% 83.56% 82.17%
Number of daily rates quoted 2422 2128 2624
Scotland median daily rate £390 £356 £375
Median daily rate % change year-on-year +9.55% -5.07% -
10th Percentile £250 £250 £250
90th Percentile £538 £488 £500
UK median daily rate £450 £425 £413
% change year-on-year +5.88% +2.91% +3.25%
Number of hourly rates quoted 106 87 102
Scotland median hourly rate £24.50 £21.00 £25.00
Median hourly rate % change year-on-year +16.67% -16.00% +11.11%
10th Percentile £13.00 £10.67 £12.35
90th Percentile £45.00 £43.00 £47.00
UK median hourly rate £23.63 £24.00 £22.50
% change year-on-year -1.56% +6.67% +18.42%

Economics
Job Vacancy Trend in Scotland

Job postings citing Economics as a percentage of all IT jobs advertised in Scotland.

Job vacancy trend for Economics in Scotland

Economics
Contractor Daily Rate Trend in Scotland

This chart provides the 3-month moving average for daily rates quoted in contract jobs citing Economics in Scotland.

Contractor daily rate trend for Economics in Scotland

Economics
Contract Job Locations in Scotland

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Economics within the Scotland region over the 6 months to 22 November 2017. 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
Edinburgh -14 1 - -
Economics
UK

For the 6 months to 22 November 2017, IT contractor jobs citing Economics also mentioned the following skills in order of popularity. The figures indicate the number co-occurrences and its proportion to all contract ads across the Scotland region with a requirement for Economics.

1 1 (100.00%) Python
1 1 (100.00%) PhD
1 1 (100.00%) SAS
1 1 (100.00%) MATLAB
1 1 (100.00%) Finance
1 1 (100.00%) Data Analysis
1 1 (100.00%) Statistics
1 1 (100.00%) Mathematics
1 1 (100.00%) Applied Mathematics
1 1 (100.00%) Spotfire
1 1 (100.00%) QlikView
1 1 (100.00%) Tableau
1 1 (100.00%) Machine Learning
1 1 (100.00%) Risk Analytics
1 1 (100.00%) Analytics
1 1 (100.00%) Regulatory Compliance

Economics
Co-occurring IT Skills in Scotland 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 1 (100.00%) SAS
Database & Business Intelligence
1 1 (100.00%) QlikView
1 1 (100.00%) Spotfire
General
1 1 (100.00%) Finance
Job Titles
1 1 (100.00%) Analyst
1 1 (100.00%) Qualitative Analyst
1 1 (100.00%) Quantitative Analyst
Processes & Methodologies
1 1 (100.00%) Analytics
1 1 (100.00%) Applied Mathematics
1 1 (100.00%) Data Analysis
1 1 (100.00%) Machine Learning
1 1 (100.00%) Mathematics
1 1 (100.00%) Regulatory Compliance
1 1 (100.00%) Risk Analytics
1 1 (100.00%) Statistics
Programming Languages
1 1 (100.00%) MATLAB
1 1 (100.00%) Python
Qualifications
1 1 (100.00%) PhD
Vendors
1 1 (100.00%) Tableau