Graduate Contracts

Graduate
UK

The median Graduate daily rate in the UK is £113 according to job vacancies posted during the 6 months to 7 May 2024.

The first table below provides contractor rate benchmarking and summary statistics including a comparison to same period in the previous 2 years.

6 months to
7 May 2024
Same period 2023 Same period 2022
Rank 570 673 826
Rank change year-on-year +103 +153 -154
Contract jobs requiring a Graduate 15 20 23
As % of all contract jobs advertised in the UK 0.035% 0.034% 0.026%
As % of the Job Titles category 0.038% 0.036% 0.027%
Number of daily rates quoted 7 10 10
10th Percentile £91 £108 £125
25th Percentile £98 £119 £130
Median daily rate (50th Percentile) £113 £150 £166
Median % change year-on-year -25.00% -9.77% +3.91%
75th Percentile £150 £188 £204
90th Percentile £184 £261 £260
UK excluding London median daily rate £98 £124 £166
% change year-on-year -20.81% -25.56% +15.65%
Number of hourly rates quoted 3 1 6
10th Percentile £9.10 - £16.75
25th Percentile £9.63 - -
Median hourly rate £12.50 £20.00 £21.00
Median % change year-on-year -37.50% -4.76% +58.55%
75th Percentile £15.13 - £31.50
90th Percentile £15.80 - £35.00
UK excluding London median hourly rate £12.50 £20.00 £21.00
% change year-on-year -37.50% -4.76% +58.55%

All Contract IT Job Vacancies
UK

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

Contract vacancies in the UK with a recognized job title 39,719 54,978 83,963
% of contract IT jobs with a recognized job title 92.74% 94.64% 95.46%
Number of daily rates quoted 25,839 38,395 59,001
10th Percentile £280 £313 £313
25th Percentile £410 £425 £425
Median daily rate (50th Percentile) £525 £540 £525
Median % change year-on-year -2.78% +2.86% +10.53%
75th Percentile £638 £650 £638
90th Percentile £750 £750 £738
UK excluding London median daily rate £490 £500 £475
% change year-on-year -2.00% +5.26% +11.76%
Number of hourly rates quoted 2,655 1,545 2,052
10th Percentile £12.86 £14.25 £12.50
25th Percentile £16.30 £19.25 £15.63
Median hourly rate £36.50 £45.00 £23.91
Median % change year-on-year -18.89% +88.21% +6.27%
75th Percentile £61.30 £65.75 £49.25
90th Percentile £72.74 £76.40 £63.75
UK excluding London median hourly rate £40.00 £42.50 £19.52
% change year-on-year -5.88% +117.73% +2.74%

Graduate
Job Vacancy Trend

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

Job vacancy trend for Graduate in the UK

Graduate
Contractor Daily Rate Trend

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

Daily rate trend for Graduate in the UK

Graduate
Daily Rate Histogram

Daily rate distribution for jobs citing Graduate over the 6 months to 7 May 2024.

Daily rate histogram for Graduate in the UK

Graduate
Contractor Hourly Rate Trend

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

Hourly rate trend for Graduate in the UK

Graduate
Top 11 Contract Locations

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Graduate within the UK over the 6 months to 7 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
England +97 13 £120 -20.00% 325
UK excluding London +68 10 £98 -20.81% 276
South East +22 6 £84 - 52
London +86 5 £140 -17.04% 87
Work from Home +122 1 - - 95
Midlands +32 1 - - 47
North of England +24 1 - - 64
North East +15 1 - - 9
East Midlands - 1 - - 17
Wales - 1 - - 7
Northern Ireland - 1 £113 - 6

Graduate Skill Set
Top 30 Co-occurring Skills and Capabilities

For the 6 months to 7 May 2024, Graduate contract job roles required the following skills and capabilities in order of popularity. The figures indicate the absolute number co-occurrences and as a proportion of all contract job ads featuring Graduate in the job title.

1 6 (40.00%) Social Skills
2 4 (26.67%) SCADA
2 4 (26.67%) Computer Science
3 3 (20.00%) QA
3 3 (20.00%) Finance
3 3 (20.00%) Degree
4 2 (13.33%) Cybersecurity
4 2 (13.33%) Operational Technology
4 2 (13.33%) Code Quality
4 2 (13.33%) Critical Thinking
4 2 (13.33%) Aerospace
4 2 (13.33%) Automotive
4 2 (13.33%) Microsoft Office
4 2 (13.33%) Microsoft Excel
4 2 (13.33%) SharePoint
4 2 (13.33%) Intranet
5 1 (6.67%) Risk Management
5 1 (6.67%) AutoCAD
5 1 (6.67%) SLA
5 1 (6.67%) Microsoft
5 1 (6.67%) PhD
5 1 (6.67%) SAP
5 1 (6.67%) Python
5 1 (6.67%) C#
5 1 (6.67%) C++
5 1 (6.67%) SQL
5 1 (6.67%) Microsoft PowerPoint
5 1 (6.67%) Derivative
5 1 (6.67%) Mathematics
5 1 (6.67%) Mandarin Language

Graduate Skill Set
Co-occurring Skills and Capabilities 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:

Application Platforms
1 2 (13.33%) SharePoint
Applications
1 2 (13.33%) Microsoft Excel
1 2 (13.33%) Microsoft Office
2 1 (6.67%) AutoCAD
2 1 (6.67%) Autodesk Inventor
2 1 (6.67%) Microsoft PowerPoint
Cloud Services
1 1 (6.67%) Microsoft 365
Communications & Networking
1 2 (13.33%) Intranet
General
1 6 (40.00%) Social Skills
2 3 (20.00%) Finance
3 2 (13.33%) Aerospace
3 2 (13.33%) Automotive
4 1 (6.67%) Analytical Skills
4 1 (6.67%) Banking
4 1 (6.67%) Billing
4 1 (6.67%) Mandarin Language
Miscellaneous
1 4 (26.67%) SCADA
2 2 (13.33%) Operational Technology
3 1 (6.67%) Data Centre
3 1 (6.67%) Derivative
3 1 (6.67%) Onboarding
3 1 (6.67%) Self-Motivation
Processes & Methodologies
1 4 (26.67%) Computer Science
2 2 (13.33%) Code Quality
2 2 (13.33%) Critical Thinking
2 2 (13.33%) Cybersecurity
3 1 (6.67%) Accounts Payable
3 1 (6.67%) Backtesting
3 1 (6.67%) Business Continuity
3 1 (6.67%) Creative Thinking
3 1 (6.67%) Customer Service
3 1 (6.67%) Logistics
3 1 (6.67%) Mathematics
3 1 (6.67%) Problem-Solving
3 1 (6.67%) Project Delivery
3 1 (6.67%) Quantitative Finance
3 1 (6.67%) Risk Management
3 1 (6.67%) Root Cause Analysis
Programming Languages
1 1 (6.67%) C#
1 1 (6.67%) C++
1 1 (6.67%) Python
1 1 (6.67%) R
1 1 (6.67%) SQL
Qualifications
1 3 (20.00%) Degree
2 1 (6.67%) Computer Science Degree
2 1 (6.67%) Master's Degree
2 1 (6.67%) Numerate Degree
2 1 (6.67%) PhD
Quality Assurance & Compliance
1 3 (20.00%) QA
2 1 (6.67%) SLA
Vendors
1 1 (6.67%) Microsoft
1 1 (6.67%) SAP