The median contractor rate for a Functional Architect was £725 per day in advertised job vacancies during the 3 months to 22 March 2017.

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.

3 months to
22 Mar 2017
Same period 2016 Same period 2015
Functional Architect
UK
Rank 579 627 610
Rank change year-on-year +48 -17  
Contract jobs requiring a Functional Architect 7 3 2
As % of all contract IT jobs advertised in the UK 0.016% 0.006% 0.004%
As % of the Job Titles category 0.017% 0.006% 0.004%
Number of daily rates quoted 5 3 0
Median daily rate £725 £650 -
Median daily rate % change year-on-year +11.53% -  
UK excluding London median daily rate - - -
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median hourly rate - - -

The next table is for comparison with the above and includes summary statistics for all job roles in contract job vacancies. Most job vacancies include a discernible job title. As such, the figures in the first row provide an indication of the number of contract jobs in our overall sample.

Contract IT Job Roles
UK
Contract job vacancies with a job title containing a recognized job role 42134 50253 49507
As % of all contract IT job vacancies advertised in the UK 94.85% 95.17% 94.77%
Number of daily rates quoted 27277 32490 29886
Median daily rate £425 £425 £400
Median daily rate % change year-on-year - +6.25%  
90% offered a daily rate of more than £260 £260 £238
10% offered a daily rate of more than £600 £591 £550
UK excluding London median daily rate £400 £388 £375
% change year-on-year +3.22% +3.33%  
Number of hourly rates quoted 1476 1587 1956
Median hourly rate £18.00 £18.70 £17.50
Median hourly rate % change year-on-year -3.74% +6.85%  
90% offered a hourly rate of more than £11.17 £11.25 £11.00
10% offered a hourly rate of more than £47.50 £48.00 £42.50
UK excluding London median hourly rate £17.50 £20.00 £17.00
% change year-on-year -12.50% +17.64%  

Functional Architect
Job Vacancy Trend

The job posting trend of jobs advertised that featured Functional Architect in the job title.

Job vacancy trend for Functional Architect in the UK

Functional Architect
Contractor Daily Rate Trend

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

Contractor daily rate trend for Functional Architect in the UK

Functional Architect
Contractor Daily Rate Histogram

The daily rate distribution of IT jobs citing Functional Architect over the 3 months to 22 March 2017.

Contractor daily rate histogram for Functional Architect in the UK

Functional Architect
Contractor Hourly Rate Trend

This chart provides the 3-month moving average for hourly rates quoted in IT contractor jobs citing Functional Architect.

Contractor hourly rate trend for Functional Architect in the UK

Functional Architect
Top 3 Contract Locations

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Functional Architect within the UK over the 3 months to 22 March 2017. The 'Rank Change' column provides an indication of the change in demand within each location based on the same 3 month period last year.

Location Rank Change
on Same Period
Last Year
Matching
Contract
IT Job Ads
Median
Daily Rate
Last 3 Months
Median Daily Rate
% Change
on Same Period
Last Year
Live
Job
Vacancies
England +52 7 £725 +11.53%
London +16 7 £725 +11.53%
City of London - 2 £725 -

Functional Architect Skill Set
Top 30 Related IT Skills

For the 6 months to 22 March 2017, Functional Architect contract jobs required the following IT skills in order of popularity. The figures indicate the number co-occurrences and its proportion to all contract ads featuring Functional Architect in the job title.

1 10 (62.50%) Finance
2 6 (37.50%) Banking
3 5 (31.25%) Target Operating Model
4 4 (25.00%) Salesforce.com
4 4 (25.00%) Data Modelling
5 3 (18.75%) Change Management
5 3 (18.75%) Java
5 3 (18.75%) Stakeholder Management
5 3 (18.75%) Analytical Skills
5 3 (18.75%) Data Structures
5 3 (18.75%) Data Architecture
5 3 (18.75%) Project Management
6 2 (12.50%) GWT
6 2 (12.50%) Confluence
6 2 (12.50%) HTML5
6 2 (12.50%) Visualforce
6 2 (12.50%) Apex Code
6 2 (12.50%) NoSQL
6 2 (12.50%) Tableau
6 2 (12.50%) Big Data
6 2 (12.50%) XML Parsing
6 2 (12.50%) DevOps
6 2 (12.50%) AngularJS
6 2 (12.50%) Analytics
6 2 (12.50%) Data Flow Diagram
6 2 (12.50%) Retail
6 2 (12.50%) Back Office
6 2 (12.50%) Enterprise Architecture
6 2 (12.50%) WebSphere
6 2 (12.50%) Investment Banking

Functional Architect Skill Set
Top Related IT Skills 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 2 (12.50%) Apache
1 2 (12.50%) Confluence
1 2 (12.50%) JBoss
1 2 (12.50%) WebLogic
1 2 (12.50%) WebSphere
2 1 (6.25%) Oracle Coherence
2 1 (6.25%) Oracle Workflow
Applications
1 1 (6.25%) MS Excel
1 1 (6.25%) MS Office
1 1 (6.25%) MS Project
Business Applications
1 1 (6.25%) NetSuite
1 1 (6.25%) Oracle BPM
1 1 (6.25%) SAP MDM
Cloud Services
1 1 (6.25%) Force.com
Communications & Networking
1 2 (12.50%) HTTP
Database & Business Intelligence
1 2 (12.50%) Big Data
1 2 (12.50%) NoSQL
1 2 (12.50%) QlikView
1 2 (12.50%) SQL Server
Development Applications
1 2 (12.50%) JIRA
1 2 (12.50%) Oracle APEX
General
1 10 (62.50%) Finance
2 6 (37.50%) Banking
3 2 (12.50%) Back Office
3 2 (12.50%) Investment Banking
3 2 (12.50%) Retail
4 1 (6.25%) Financial Institution
4 1 (6.25%) Legal
4 1 (6.25%) Marketing
Libraries, Frameworks & Software Standards
1 2 (12.50%) AngularJS
1 2 (12.50%) GWT
1 2 (12.50%) HTML
1 2 (12.50%) HTML5
1 2 (12.50%) J2EE
1 2 (12.50%) Visualforce
1 2 (12.50%) XML
1 2 (12.50%) XML Schema
1 2 (12.50%) XSLT
2 1 (6.25%) REST
2 1 (6.25%) SOAP
Miscellaneous
1 3 (18.75%) Analytical Skills
1 3 (18.75%) Data Structures
2 2 (12.50%) Foreign Exchange (FX)
3 1 (6.25%) Computer Science
3 1 (6.25%) Credit Risk
3 1 (6.25%) Derivative
3 1 (6.25%) Equities
3 1 (6.25%) Fintech
3 1 (6.25%) Fixed Income
3 1 (6.25%) Interest Rate Derivative
3 1 (6.25%) Market Risk
3 1 (6.25%) Reference Data
3 1 (6.25%) User Experience
3 1 (6.25%) Virtual Team
Processes & Methodologies
1 5 (31.25%) Target Operating Model
2 4 (25.00%) Data Modelling
3 3 (18.75%) Change Management
3 3 (18.75%) Data Architecture
3 3 (18.75%) Project Management
3 3 (18.75%) Stakeholder Management
4 2 (12.50%) Analytics
4 2 (12.50%) Data Flow Diagram
4 2 (12.50%) DevOps
4 2 (12.50%) Enterprise Architecture
4 2 (12.50%) ETL
4 2 (12.50%) XML Parsing
5 1 (6.25%) Agile Software Development
5 1 (6.25%) CRM
5 1 (6.25%) Data Management
5 1 (6.25%) Ontologies
5 1 (6.25%) PRINCE2
5 1 (6.25%) Requirements Analysis
5 1 (6.25%) TOGAF
5 1 (6.25%) UML
Programming Languages
1 3 (18.75%) Java
2 2 (12.50%) Apex Code
2 2 (12.50%) C++
2 2 (12.50%) JavaScript
2 2 (12.50%) SQL
Qualifications
1 2 (12.50%) PMI Certification
1 2 (12.50%) PMP
2 1 (6.25%) Degree
Quality Assurance & Compliance
1 2 (12.50%) QA
2 1 (6.25%) MiFID
System Software
1 1 (6.25%) Docker
Vendors
1 4 (25.00%) Salesforce.com
2 2 (12.50%) IBM
2 2 (12.50%) Oracle
2 2 (12.50%) Tableau
3 1 (6.25%) Murex
3 1 (6.25%) Pega
3 1 (6.25%) PeopleSoft
3 1 (6.25%) SAP
3 1 (6.25%) Siebel
3 1 (6.25%) SunGard
3 1 (6.25%) TIBCO