Banking
South West > Somerset
The table below looks at the prevalence of the term Banking in contract job vacancies in Somerset. Included is a benchmarking guide to the contractor rates offered in vacancies that cited Banking over the 6 months leading up to 1 May 2025, comparing them to the same period in the previous two years.
| 6 months to 1 May 2025 |
Same period 2024 | Same period 2023 | |
|---|---|---|---|
| Rank | 20 | 25 | 32 |
| Rank change year-on-year | +5 | +7 | - |
| Contract jobs citing Banking | 4 | 2 | 2 |
| As % of all contract jobs advertised in Somerset | 2.88% | 0.99% | 0.97% |
| As % of the General category | 4.88% | 1.72% | 1.72% |
| Number of daily rates quoted | 4 | 2 | 2 |
| 10th Percentile | £534 | - | £485 |
| 25th Percentile | £584 | - | £500 |
| Median daily rate (50th Percentile) | £625 | £200 | £550 |
| Median % change year-on-year | +212.50% | -63.64% | - |
| 75th Percentile | £638 | - | £600 |
| 90th Percentile | - | - | £615 |
| South West median daily rate | £563 | £625 | £575 |
| % change year-on-year | -10.00% | +8.70% | +16.75% |
All General Skills
Somerset
Banking falls under the General Skills category. For comparison with the information above, the following table provides summary statistics for all contract job vacancies requiring common skills in Somerset.
| Contract vacancies with a requirement for common skills | 82 | 116 | 116 |
| As % of all contract IT jobs advertised in Somerset | 58.99% | 57.14% | 56.04% |
| Number of daily rates quoted | 57 | 56 | 92 |
| 10th Percentile | £327 | £205 | £164 |
| 25th Percentile | £481 | £396 | £363 |
| Median daily rate (50th Percentile) | £620 | £500 | £513 |
| Median % change year-on-year | +24.00% | -2.44% | +13.89% |
| 75th Percentile | £675 | £588 | £650 |
| 90th Percentile | £739 | £606 | £720 |
| South West median daily rate | £500 | £525 | £545 |
| % change year-on-year | -4.76% | -3.67% | +11.79% |
| Number of hourly rates quoted | 2 | 28 | 9 |
| 10th Percentile | - | £12.50 | £18.05 |
| 25th Percentile | - | £22.63 | £31.25 |
| Median hourly rate | £14.42 | £25.00 | £40.00 |
| Median % change year-on-year | -42.32% | -37.50% | -19.60% |
| 75th Percentile | - | £40.00 | £50.00 |
| 90th Percentile | - | £42.40 | £64.60 |
| South West median hourly rate | £60.00 | £46.39 | £60.35 |
| % change year-on-year | +29.34% | -23.13% | +34.98% |
Banking
Job Vacancy Trend in Somerset
Job postings citing Banking as a proportion of all IT jobs advertised in Somerset.
Banking
Contractor Daily Rate Trend in Somerset
3-month moving average daily rate quoted in jobs citing Banking in Somerset.
Banking
Contractor Hourly Rate Trend in Somerset
3-month moving average hourly rates quoted in jobs citing 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 1 May 2025. 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 | -2 | 3 | £625 | +212.50% | 1 |
| Bath | - | 1 | £500 | - | 7 |
| Banking South West |
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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: