Fintech Contract Rates
Fintech Contract rates and salaries went up by as much as 25% in the past year according to a report by major recruiting company Robert Walters.
The number of Fintech jobs and contracts went up by an astonishing 61%. London is the main city in Europe for Fintech venture capital sucking in 39% of all Europe’s Venture Capital. It’s closest rival Berlin has 21% with Paris next on 18%. The much touted tech hub of Dublin has only 2%.
Fintech Contract Rates in the IT Sector
Half of the Fintech jobs were in the IT sector. According to Robert Walters report we are seeing an 8% rise in Fintech contract rates and salaries year-on-year. The largest growth area was in Compliance with 85% job growth in the last year.
According to James Murray of Robert Walters “Over the next 12 months, we can expect to see the greatest salary movement in the high-demand skills areas, where skills shortages are experienced the most acutely.”
Data Engineering Rate Rises
In the Data Engineering, Development and Devops sector Fintech contract rates grew by 15%. Salaries rose by 10%. However, contract rates for Development Managers rose by an astounding 36.5%.
In the Data Science and Analytics sector Fintech contract rates rose by 7%. In the Technology area Fintech contract rates rose by 5%. However Technical Lead rates soared by 14.3%.
So, it looks like the Fintech sector is a great place for all contractors but especially those in IT. Rates are predicted to continue to outstrip those of IT Contractors in other sectors.
Ad – Contractor Services
If you think you can benefit from using an umbrella company, try the following:-
Do you need some professional advice on which umbrella company is right for you? Do you want to get better returns from your Umbrella Company? Fill out the form below to receive expert advice.
For all necessary business insurance, including IR35, try Business Insurance for Contractors