Friday 2 February 2018 9:56 am

These are the best-paying industries for freelancers to work in

The best paying contracting jobs are mostly in the finance, change and IT sectors, according to new research from Emolument.com.

The best-paid role for a contractor is in the finance sector, with risk modelling/quant jobs coming with an average daily rate of £760.

And despite the headlines about technology 'wonderkids' being offered eye-watering pay packages, Emolument said, the highest paid IT contractors are "still the ones with substantial experience" such as IT senior management, at £570/day.


Change management jobs are also well-represented among the best paying contracting jobs, although Emolument pointed out that these roles are high-stakes "as change projects can dramatically impact a company's bottom line", and as such, are temporary by nature.

"More and more, companies require specific skills and competencies at a given point in time which make the contractor model particularly attractive for employers, prepared to pay up for a targeted solution," said Alice Leguay, co-founder & chief marketing officer at Emolument.com.

"Contractors also enjoy the freedom and job variety afforded by a consulting model, though rates vary widely, with some specialism affording much more financial security and visibility than others as our study shows."

The table below shows the top 20 roles and sectors, ranked by daily rate:

1FinanceRisk Modeling/Quant£760
2Change ManagementRisk Change£730
3ManagementProgramme Management£640
4FinanceModel Validation£610
5Change ManagementFinance Change£570
6ITIT Senior Management£570
7ConsultingStrategy Consulting£570
8FinanceCredit Risk Management£520
9DataBusiness Analysis£505
10ITEnterprise Architecture£505
11FinanceOperational Risk Management & Risk Analytics£505
12ManagementProject Management£500
13FinanceCorporate & M&A Strategy£495
14ITIT Service Delivery£485
15Change ManagementOperational Change£475
16ProductProduct Manager£475
17ITIT Security£450
18OutsourcingProcurement & Purchasing£445
19ITSoftware development£430
20DataData Analysis£425

 

 

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