Banking
UK
The table below looks at the prevalence of the term Banking in contract job vacancies. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Banking over the 6 months to 29 May 2024 with a comparison to the same period over the previous 2 years.
| 6 months to 29 May 2024 |
Same period 2023 | Same period 2022 | |
|---|---|---|---|
| Rank | 24 | 24 | 27 |
| Rank change year-on-year | 0 | +3 | -4 |
| Contract jobs citing Banking | 2,754 | 4,255 | 6,350 |
| As % of all contract jobs advertised in the UK | 6.42% | 7.58% | 7.25% |
| As % of the General category | 11.14% | 12.94% | 12.78% |
| Number of daily rates quoted | 1,890 | 3,004 | 4,153 |
| 10th Percentile | £385 | £450 | £425 |
| 25th Percentile | £500 | £525 | £513 |
| Median daily rate (50th Percentile) | £600 | £650 | £625 |
| Median % change year-on-year | -7.69% | +4.00% | +11.11% |
| 75th Percentile | £762 | £788 | £750 |
| 90th Percentile | £850 | £888 | £830 |
| UK excluding London median daily rate | £510 | £550 | £500 |
| % change year-on-year | -7.32% | +10.00% | +16.01% |
| Number of hourly rates quoted | 27 | 8 | 27 |
| 10th Percentile | £12.18 | £12.66 | £12.51 |
| 25th Percentile | £13.67 | £15.45 | £21.00 |
| Median hourly rate | £19.05 | £36.75 | £26.00 |
| Median % change year-on-year | -48.16% | +41.35% | +85.32% |
| 75th Percentile | £23.88 | £67.11 | £40.75 |
| 90th Percentile | £85.00 | £69.13 | £55.00 |
| UK excluding London median hourly rate | £15.00 | £64.38 | £19.53 |
| % change year-on-year | -76.70% | +229.66% | +39.18% |
All General Skills
UK
Banking is in the General Skills category. The following table is for comparison with the above and provides summary statistics for all contract job vacancies with a requirement for common skills.
| Contract vacancies with a requirement for common skills | 24,727 | 32,883 | 49,686 |
| As % of all contract IT jobs advertised in the UK | 57.62% | 58.56% | 56.72% |
| Number of daily rates quoted | 15,561 | 22,792 | 34,447 |
| 10th Percentile | £275 | £313 | £324 |
| 25th Percentile | £413 | £440 | £426 |
| Median daily rate (50th Percentile) | £525 | £550 | £540 |
| Median % change year-on-year | -4.55% | +1.85% | +8.00% |
| 75th Percentile | £650 | £675 | £650 |
| 90th Percentile | £763 | £775 | £750 |
| UK excluding London median daily rate | £490 | £500 | £475 |
| % change year-on-year | -2.00% | +5.26% | +8.57% |
| Number of hourly rates quoted | 1,973 | 991 | 1,415 |
| 10th Percentile | £12.78 | £13.41 | £12.50 |
| 25th Percentile | £15.50 | £17.56 | £15.00 |
| Median hourly rate | £30.00 | £32.50 | £22.50 |
| Median % change year-on-year | -7.69% | +44.44% | +2.27% |
| 75th Percentile | £52.50 | £61.25 | £47.25 |
| 90th Percentile | £66.74 | £72.50 | £59.23 |
| UK excluding London median hourly rate | £28.00 | £27.84 | £19.50 |
| % change year-on-year | +0.57% | +42.77% | +0.31% |
Banking
Job Vacancy Trend
Job postings citing Banking as a proportion of all IT jobs advertised.
Banking
Contractor Daily Rate Trend
3-month moving average daily rate quoted in jobs citing Banking.
Banking
Daily Rate Histogram
Daily rate distribution for jobs citing Banking over the 6 months to 29 May 2024.
Banking
Contractor Hourly Rate Trend
3-month moving average hourly rates quoted in jobs citing Banking.
Banking
Hourly Rate Histogram
Hourly rate distribution of jobs citing Banking over the 6 months to 29 May 2024.
Banking
Top 18 Contract Locations
The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Banking within the UK over the 6 months to 29 May 2024. The 'Rank Change' column provides an indication of the change in demand within each location based on the same 6 month period last year.
| Location | Rank Change on Same Period Last Year |
Matching Contract IT Job Ads |
Median Daily Rate Past 6 Months |
Median Daily Rate % Change on Same Period Last Year |
Live Jobs |
|---|---|---|---|---|---|
| England | -3 | 2,358 | £625 | -3.85% | 764 |
| London | -3 | 1,899 | £650 | -3.70% | 556 |
| Work from Home | +3 | 1,206 | £625 | -3.85% | 323 |
| UK excluding London | +10 | 542 | £510 | -7.32% | 236 |
| North of England | +5 | 196 | £475 | -13.64% | 64 |
| Scotland | +1 | 130 | £550 | +10.00% | 38 |
| North West | +27 | 109 | £470 | -14.55% | 44 |
| South East | +24 | 94 | £513 | -12.77% | 47 |
| Yorkshire | -9 | 84 | £475 | -13.64% | 16 |
| Midlands | +7 | 67 | £450 | -25.00% | 35 |
| East Midlands | +41 | 45 | £445 | -1.11% | 17 |
| South West | -6 | 32 | £613 | +2.08% | 35 |
| East of England | +21 | 27 | £575 | +15.00% | 9 |
| West Midlands | -17 | 20 | £525 | -12.50% | 18 |
| Northern Ireland | -2 | 8 | £443 | +14.19% | 4 |
| North East | +6 | 3 | £463 | -35.99% | 4 |
| Isle of Man | - | 3 | - | - | |
| Wales | +18 | 1 | £550 | - | 6 |
Banking
Co-occurring Skills and Capabilities by Category
The follow tables expand on the table above by listing co-occurrences grouped by category. The same employment type, locality and period is covered with up to 20 co-occurrences shown in each of the following categories:
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