Period
to 5 August 2020

The table below looks at the prevalence of the term Financial Institution in contract job vacancies advertised in the West Midlands. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Financial Institution over the 6 months to 5 August 2020 with a comparison to the same period over 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.

Financial Institution
England > West Midlands
6 months to
5 Aug 2020
Same period 2019 Same period 2018
Rank - 164 201
Contract jobs citing Financial Institution 0 16 3
As % of all contract jobs advertised in the West Midlands - 0.36% 0.059%
As % of the General category - 1.17% 0.20%
Number of daily rates quoted 0 10 2
Median daily rate - £450 £513
Median daily rate % change year-on-year - -12.20% +57.69%
England median daily rate £500 £550 £550
% change year-on-year -9.09% - -
Number of hourly rates quoted 0 1 0
Median hourly rate - £10.00 -
England median hourly rate £21.00 £10.00 £18.70
% change year-on-year +110.00% -46.52% -18.70%

Financial Institution 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 the West Midlands with a requirement for common skills.

All General Skills
West Midlands
Contract vacancies with a requirement for common skills 501 1,369 1,522
As % of all contract IT jobs advertised in the West Midlands 31.63% 30.70% 29.78%
Number of daily rates quoted 314 917 855
Median daily rate £425 £450 £425
Median daily rate % change year-on-year -5.56% +5.88% +6.25%
10th Percentile £269 £225 £253
90th Percentile £568 £615 £588
England median daily rate £500 £500 £475
% change year-on-year - +5.26% +5.56%
Number of hourly rates quoted 16 62 102
Median hourly rate £19.70 £18.00 £16.25
Median hourly rate % change year-on-year +9.44% +10.77% -24.42%
10th Percentile £12.25 £13.50 £11.25
90th Percentile £39.38 £43.75 £34.88
Median hourly rate £31.20 £23.00 £22.61
% change year-on-year +35.63% +1.72% +5.16%

Financial Institution
Job Vacancy Trend in the West Midlands

Job postings citing Financial Institution as a proportion of all IT jobs advertised in the West Midlands.

Job vacancy trend for Financial Institution in the West Midlands

Financial Institution
Contractor Daily Rate Trend in the West Midlands

3-month moving average daily rate quoted in jobs citing Financial Institution in the West Midlands.

Daily rate trend for Financial Institution in the West Midlands

Financial Institution
Contractor Hourly Rate Trend in the West Midlands

3-month moving average hourly rates quoted in jobs citing Financial Institution in the West Midlands.

Hourly rate trend for Financial Institution in the West Midlands