The following table provides summary statistics for contract job vacancies advertised in the West Midlands with a requirement for Economics skills. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Economics over the 3 months to 24 March 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.

3 months to
24 Mar 2017
Same period 2016 Same period 2015
Economics
England / West Midlands
Rank 114 122 120
Rank change year-on-year +8 -2  
Contract jobs citing Economics 4 3 1
As % of all contract IT jobs advertised in the West Midlands 0.17% 0.11% 0.040%
As % of the Processes & Methodologies category 0.22% 0.14% 0.053%
Number of daily rates quoted 1 2 1
Median daily rate £650 £421 £400
Median daily rate % change year-on-year +54.57% +5.12%  
UK excluding London median daily rate £408 £375 £347
% change year-on-year +8.66% +7.91%  
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median hourly rate £125.00 - -

Economics is in the process and methodology skills category. The next table is for comparison with the above and provides summary statistics for all contract job vacancies advertised in the West Midlands with a requirement for process and methodology skills.

Contract Process & Methodology Skills
West Midlands
Contract job vacancies with a requirement for process and methodology skills 1846 2211 1879
As % of all contract IT job vacancies advertised in the West Midlands 80.09% 82.41% 75.13%
Number of daily rates quoted 1186 1223 1062
Median daily rate £413 £400 £388
Median daily rate % change year-on-year +3.12% +3.22%  
90% offered a daily rate of more than £275 £275 £260
10% offered a daily rate of more than £523 £550 £530
UK excluding London median daily rate £410 £400 £400
% change year-on-year +2.50% -  
Number of hourly rates quoted 61 43 110
Median hourly rate £24.50 £18.00 £30.00
Median hourly rate % change year-on-year +36.11% -40.00%  
90% offered a hourly rate of more than £12.00 £10.73 £13.06
10% offered a hourly rate of more than £35.00 £35.25 £39.50
UK excluding London median hourly rate £36.00 £39.00 £30.00
% change year-on-year -7.69% +30.00%  

Economics
Job Vacancy Trend in the West Midlands

The job posting trend of jobs advertised in the West Midlands citing Economics as a proportion of all contract or permanent IT jobs with a match in the Processes & Methodologies category.

Job vacancy trend for Economics in the West Midlands

Economics
Contractor Daily Rate Trend in the West Midlands

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

Contractor daily rate trend for Economics in the West Midlands

Economics
Contractor Hourly Rate Trend in the West Midlands

This chart provides the 3-month moving average for hourly rates quoted in IT contractor jobs citing Economics in the West Midlands.

Contractor hourly rate trend for Economics in the West Midlands

Economics
Contract Job Locations in the West Midlands

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Economics within the West Midlands region over the 3 months to 24 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
Birmingham - 2 £650 -
Coventry - 2 - -
Economics
England

Economics
Top 30 Related IT Skills in the West Midlands

For the 6 months to 24 March 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 West Midlands region with a requirement for Economics.

1 3 (60.00%) Finance
1 3 (60.00%) Degree
1 3 (60.00%) Agile Software Development
2 2 (40.00%) Programme Governance
2 2 (40.00%) Data Centre
2 2 (40.00%) Translating Business Requirements
2 2 (40.00%) Infrastructure Transformation
2 2 (40.00%) Project Management
2 2 (40.00%) Programme Management
3 1 (20.00%) Migration
3 1 (20.00%) Stakeholder Management
3 1 (20.00%) Information Security
3 1 (20.00%) Change Management
3 1 (20.00%) Management Information System
3 1 (20.00%) Risk Management
3 1 (20.00%) PRINCE2
3 1 (20.00%) PRINCE2 Certification
3 1 (20.00%) PMP
3 1 (20.00%) PMI Certification
3 1 (20.00%) Six Sigma
3 1 (20.00%) Virtual Team
3 1 (20.00%) Banking
3 1 (20.00%) Lean Six Sigma
3 1 (20.00%) Data Migration
3 1 (20.00%) Financial Analysis
3 1 (20.00%) Six Sigma Green Belt
3 1 (20.00%) Stakeholder Engagement
3 1 (20.00%) Process Improvement
3 1 (20.00%) Business Transformation
3 1 (20.00%) PMBOK

Economics
Top Related IT Skills in the West Midlands 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:

General
1 3 (60.00%) Finance
2 1 (20.00%) Banking
Job Titles
1 3 (60.00%) Programme Manager
2 2 (40.00%) Infrastructure Manager
2 2 (40.00%) Infrastructure Programme Manager
3 1 (20.00%) Change Manager
3 1 (20.00%) Change Project Manager
3 1 (20.00%) Project Change Manager
3 1 (20.00%) Project Manager
Miscellaneous
1 2 (40.00%) Data Centre
2 1 (20.00%) Management Information System
2 1 (20.00%) Virtual Team
Processes & Methodologies
1 3 (60.00%) Agile Software Development
2 2 (40.00%) Infrastructure Transformation
2 2 (40.00%) Programme Governance
2 2 (40.00%) Programme Management
2 2 (40.00%) Project Management
2 2 (40.00%) Translating Business Requirements
3 1 (20.00%) Business Transformation
3 1 (20.00%) Change Management
3 1 (20.00%) Data Migration
3 1 (20.00%) Financial Analysis
3 1 (20.00%) Information Security
3 1 (20.00%) Lean Six Sigma
3 1 (20.00%) Migration
3 1 (20.00%) PRINCE2
3 1 (20.00%) Process Improvement
3 1 (20.00%) Risk Management
3 1 (20.00%) Six Sigma
3 1 (20.00%) Stakeholder Engagement
3 1 (20.00%) Stakeholder Management
Qualifications
1 3 (60.00%) Degree
2 1 (20.00%) PMI Certification
2 1 (20.00%) PMP
2 1 (20.00%) PRINCE2 Certification
2 1 (20.00%) Six Sigma Green Belt
Quality Assurance & Compliance
1 1 (20.00%) PMBOK