The findings shed light on the lifestyle and motivation of IT contractors, and make intriguing reading for IT managers, who often rely heavily on contract workers.
The research - based on a series of focus group interviews with IT contractors - has been compared to findings from extensive market research on other job types and people.
The average contractor is male, aged between 30 and 44, and lives in London. They are working in IT primarily because it is such a lucrative market.
"Programming appeals to their mathematically orientated brain but they have learned their skills simply to earn money," said the research. "Many are here because they perceive this is where the money is and they are only driven by money."
The majority of contractors interviewed regularly invest money in the stock market and follow their investments closely. The average contractor also lives for buying new gadgets and "boys toys", the research found.
They read newspapers less than other comparable social groups and enjoy the liberation of working on a contract basis. "They see themselves as mavericks or artisans," said the research.
However, one IT director argued that the research only showed a one-dimensional view of contractors. "Some are money driven but we have some contractors that are probably more committed to our company than our full time staff," he said.
He added that contractors had to be more hard-nosed over their time because they operate in a more insecure jobs market. "They are going into a more risky environment and companies are teaching them not to be loyal," he said.