Banking Contracts in Somerset

Banking
South West > Somerset

The table below looks at the prevalence of the term Banking in contract job vacancies advertised in Somerset. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Banking over the 6 months to 6 May 2024 with a comparison to the same period over the previous 2 years.

6 months to
6 May 2024
Same period 2023 Same period 2022
Rank 27 31 -
Rank change year-on-year +4 - -
Contract jobs citing Banking 2 2 0
As % of all contract jobs advertised in Somerset 0.97% 0.98% -
As % of the General category 1.69% 1.79% -
Number of daily rates quoted 2 2 0
Median daily rate (50th Percentile) £200 £550 -
Median % change year-on-year -63.64% - -
South West median daily rate £625 £575 £500
% change year-on-year +8.70% +15.00% +13.64%

All General Skills
Somerset

Banking is in the General Skills category. The following table is for comparison with the above and provides summary statistics for all contract job vacancies advertised in Somerset with a requirement for common skills.

Contract vacancies with a requirement for common skills 118 112 115
As % of all contract IT jobs advertised in Somerset 57.00% 54.63% 56.93%
Number of daily rates quoted 58 89 80
10th Percentile £205 £177 £259
25th Percentile £396 £363 £400
Median daily rate (50th Percentile) £500 £525 £450
Median % change year-on-year -4.76% +16.67% -5.26%
75th Percentile £588 £650 £534
90th Percentile £608 £726 £594
South West median daily rate £525 £549 £491
% change year-on-year -4.37% +11.76% +6.22%
Number of hourly rates quoted 28 9 7
10th Percentile £12.50 £18.05 £48.35
25th Percentile £22.63 £31.25 -
Median hourly rate £25.00 £40.00 £49.75
Median % change year-on-year -37.50% -19.60% +0.57%
75th Percentile £40.00 £50.00 £57.34
90th Percentile £42.40 £64.60 £60.56
South West median hourly rate £46.39 £60.00 £43.54
% change year-on-year -22.68% +37.82% +8.84%

Banking
Job Vacancy Trend in Somerset

Job postings citing Banking as a proportion of all IT jobs advertised in Somerset.

Job vacancy trend for Banking in Somerset

Banking
Contractor Daily Rate Trend in Somerset

3-month moving average daily rate quoted in jobs citing Banking in Somerset.

Daily rate trend for Banking in Somerset

Banking
Contractor Hourly Rate Trend in Somerset

3-month moving average hourly rates quoted in jobs citing Banking in Somerset.

Hourly rate trend for Banking in Somerset

Banking
Contract Job Locations in Somerset

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Banking within the Somerset region over the 6 months to 6 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
Street +1 2 £200 -63.64% 2
Banking
South West

Banking
Co-occurring Skills and Capabilities in Somerset 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:

Database & Business Intelligence
1 2 (100.00%) Data Vault
General
1 2 (100.00%) Finance
Job Titles
1 2 (100.00%) Administrator
1 2 (100.00%) Analyst
1 2 (100.00%) Compliance Analyst
1 2 (100.00%) Data Administrator
1 2 (100.00%) Data Analyst
1 2 (100.00%) Data Compliance Analyst
1 2 (100.00%) Market Analyst
1 2 (100.00%) Market Data Administrator
1 2 (100.00%) Market Data Analyst
1 2 (100.00%) Market Data Support Analyst
1 2 (100.00%) Support Analyst
Processes & Methodologies
1 2 (100.00%) Application Security
1 2 (100.00%) EAI
1 2 (100.00%) Internal Audit
1 2 (100.00%) Risk Assessment
1 2 (100.00%) Risk Management
Systems Management
1 2 (100.00%) Thomson Reuters DACS
Vendors
1 2 (100.00%) Bloomberg
1 2 (100.00%) Refinitiv