The table below looks at the prevalence of the term Banking in IT contracts advertised for the Canary Wharf region. Included is a guide to the average contractor rates offered in IT contracts that have cited Banking over the 3 months to 30 October 2014 with a comparison to the same period in the previous 2 years.

Note that daily contractor rates and hourly contractor rates are treated separately. When calculating average contractor rates, daily rates are not derived from quoted hourly rates or vice versa.

Location
3 months to
30 Oct 2014
Same period 2013 Same period 2012
Banking
Rank 10 4 1
Rank change year-on-year
-6 -3
Contract jobs citing Banking 14 55 204
As % of all contract IT jobs located in Canary Wharf 12.07% 27.23% 50.75%
As % of the General category 16.28% 38.73% 68.46%
Number of daily rates quoted 8 36 161
Average daily rate
Keep up to 90%
of your Daily Rate
Get a Free Illustration
£425 £550 £550
Average daily rate % change year-on-year
-22.72% -
90% offered a daily rate of more than £176 £444 £450
10% offered a daily rate of more than £680 £650 £600
UK excluding London average daily rate £415 £396 £375
% change year-on-year
+4.79% +5.60%
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate £9.97 £12.50 £16.96
% change year-on-year
-20.24% -26.29%
Banking
London

The following table is for comparison with the above and provides statistics for the entire General category in contract jobs advertised in the Canary Wharf region.

General Category
Canary Wharf
Contract IT job ads with a match in the
General category
86 142 298
As % of all contract IT jobs located in Canary Wharf 74.14% 70.30% 74.13%
Number of daily rates quoted 54 95 237
Average daily rate £333 £528 £550
Average daily rate % change year-on-year
-37.02% -4.00%
90% offered a daily rate of more than £212 £325 £425
10% offered a daily rate of more than £600 £650 £650
UK excluding London average daily rate £400 £380 £375
% change year-on-year
+5.26% +1.33%
Number of hourly rates quoted 3 0 0
Average hourly rate £35.00 - -
UK excluding London average hourly rate £25.00 £21.00 £26.00
% change year-on-year
+19.04% -19.23%

Banking
Jobs Demand Trend in Canary Wharf

This chart provides a 3-month moving total of IT contractor jobs citing Banking across the Canary Wharf region as a proportion of the total demand within the General category.

Banking Jobs Demand Trend in Canary Wharf

Banking
Daily Rate Trend in Canary Wharf

This chart provides the 3-month moving average for daily rates quoted in IT contract jobs citing Banking across the Canary Wharf region.

Banking Daily Rate Trend in Canary Wharf

Banking
Daily Rate Histogram in Canary Wharf

This chart provides a histogram of daily rates quoted in contract IT jobs citing Banking across the Canary Wharf region over the 3 months to 30 October 2014.

Banking Daily Rate Histogram in Canary Wharf

Banking
Hourly Rate Trend in Canary Wharf

This chart provides the 3-month moving average for hourly rates quoted in IT contractor jobs citing Banking across the Canary Wharf region.

Banking Hourly Rate Trend in Canary Wharf

Banking
Top 30 Related IT Skills in Canary Wharf

For the 6 months to 30 October 2014, IT contractor jobs across the Canary Wharf region citing Banking also mentioned the following IT skills in order of popularity. The figures indicate the number of jobs and their proportion against the total number of contract IT job ads sampled that cited Banking.

1 21 (61.76%) Finance
2 10 (29.41%) Investment Banking
2 10 (29.41%) Project Management
3 7 (20.59%) Stakeholder Management
4 6 (17.65%) User Acceptance Testing
5 5 (14.71%) Change Management
5 5 (14.71%) Agile Software Development
5 5 (14.71%) Microsoft
6 4 (11.76%) ITIL
6 4 (11.76%) PRINCE2
6 4 (11.76%) Service Management
7 3 (8.82%) CMDB
7 3 (8.82%) ServiceNow
7 3 (8.82%) Analytical Skills
7 3 (8.82%) Front Office
7 3 (8.82%) ITSM
7 3 (8.82%) Management Information System
7 3 (8.82%) Business Analysis
7 3 (8.82%) Degree
7 3 (8.82%) Foreign Exchange (FX)
7 3 (8.82%) Oracle
7 3 (8.82%) MS Project
7 3 (8.82%) MS Office
7 3 (8.82%) Windows
7 3 (8.82%) MS Excel
8 2 (5.88%) Linux
8 2 (5.88%) OO
8 2 (5.88%) SQL Server
8 2 (5.88%) Sybase
8 2 (5.88%) C

Banking
Top Related IT Skills in Canary Wharf by Category

For the 6 months to 30 October 2014, IT contractor jobs across the Canary Wharf region citing Banking also mentioned the following IT skills grouped by category. The figures indicate the number of jobs and their proportion against the total number of contract IT job ads sampled that cited Banking. Up to 20 skills are shown per category.

Application Platforms
1 2 (5.88%) CMS
2 1 (2.94%) Lync
2 1 (2.94%) Adobe CQ
2 1 (2.94%) MS Project Server
2 1 (2.94%) Oracle Coherence
2 1 (2.94%) IIS
2 1 (2.94%) SharePoint
Applications
1 3 (8.82%) MS Project
1 3 (8.82%) MS Office
1 3 (8.82%) MS Excel
2 1 (2.94%) MS PowerPoint
2 1 (2.94%) MS Visio
Business Applications
1 1 (2.94%) Cognos TM1
1 1 (2.94%) SAP HR
Communications & Networking
1 2 (5.88%) Wireless
1 2 (5.88%) Firewall
1 2 (5.88%) Network Security
2 1 (2.94%) LAN
2 1 (2.94%) WAN
2 1 (2.94%) TCP/IP
Database & Business Intelligence
1 2 (5.88%) SQL Server
2 1 (2.94%) QlikView
2 1 (2.94%) Oracle Database 11g
2 1 (2.94%) Oracle Database
2 1 (2.94%) SQLBase
2 1 (2.94%) Crystal Reports
2 1 (2.94%) Oracle Reports
Development Applications
1 1 (2.94%) Oracle Forms
General
1 21 (61.76%) Finance
2 10 (29.41%) Investment Banking
3 3 (8.82%) Front Office
4 2 (5.88%) Retail
4 2 (5.88%) Multimedia
4 2 (5.88%) Back Office
5 1 (2.94%) Legal
5 1 (2.94%) Publishing
5 1 (2.94%) Telecoms
5 1 (2.94%) Retail Banking
5 1 (2.94%) Corporate Banking
Job Titles
1 8 (23.53%) Analyst
2 5 (14.71%) Project Manager
2 5 (14.71%) Business Analyst
3 4 (11.76%) Developer
4 3 (8.82%) Banking Business Analyst
4 3 (8.82%) Consultant
5 2 (5.88%) Test Manager
5 2 (5.88%) Network Engineer
5 2 (5.88%) Network Security Engineer
5 2 (5.88%) 3rd Line Support
5 2 (5.88%) Architect
5 2 (5.88%) Security Engineer
5 2 (5.88%) Wireless Engineer
6 1 (2.94%) Automation Specialist
6 1 (2.94%) C++ Quantitative Developer
6 1 (2.94%) Data Network Engineer
6 1 (2.94%) VMware Consultant
6 1 (2.94%) Programme Test Manager
6 1 (2.94%) PMO Manager
6 1 (2.94%) Report Manager
Libraries, Frameworks & Software Standards
1 2 (5.88%) XML
1 2 (5.88%) XML Messaging
2 1 (2.94%) Boost C++ Libraries
2 1 (2.94%) Hibernate
2 1 (2.94%) Spring
2 1 (2.94%) FpML
2 1 (2.94%) .NET
2 1 (2.94%) COM
2 1 (2.94%) STL
Miscellaneous
1 3 (8.82%) CMDB
1 3 (8.82%) Analytical Skills
1 3 (8.82%) Management Information System
1 3 (8.82%) Foreign Exchange (FX)
2 2 (5.88%) PMI
2 2 (5.88%) Equities
3 1 (2.94%) Open Source
3 1 (2.94%) Video Conferencing
3 1 (2.94%) Reference Data
3 1 (2.94%) Enterprise Software
3 1 (2.94%) Fixed Income
3 1 (2.94%) Economics
3 1 (2.94%) Computer Science
3 1 (2.94%) DTCC
3 1 (2.94%) Mainframe
Operating Systems
1 3 (8.82%) Windows
2 2 (5.88%) Linux
2 2 (5.88%) UNIX
3 1 (2.94%) Windows Server 2008
3 1 (2.94%) Windows 7
Processes & Methodologies
1 10 (29.41%) Project Management
2 7 (20.59%) Stakeholder Management
3 6 (17.65%) User Acceptance Testing
4 5 (14.71%) Change Management
4 5 (14.71%) Agile Software Development
5 4 (11.76%) ITIL
5 4 (11.76%) PRINCE2
5 4 (11.76%) Service Management
6 3 (8.82%) ITSM
6 3 (8.82%) Business Analysis
7 2 (5.88%) OO
7 2 (5.88%) Configuration Management
7 2 (5.88%) Information Security
7 2 (5.88%) Scrum
7 2 (5.88%) Unit Testing
7 2 (5.88%) Test Management
7 2 (5.88%) Analytics
7 2 (5.88%) User Stories
7 2 (5.88%) Data Architecture
8 1 (2.94%) Waterfall
Programming Languages
1 2 (5.88%) C
1 2 (5.88%) Java
1 2 (5.88%) SQL
2 1 (2.94%) Shell Script
2 1 (2.94%) T-SQL
2 1 (2.94%) VBA
2 1 (2.94%) PL/SQL
2 1 (2.94%) C++
2 1 (2.94%) Python
Qualifications
1 3 (8.82%) Degree
2 2 (5.88%) PMI Certification
3 1 (2.94%) PRINCE2 Practitioner
3 1 (2.94%) CISA
3 1 (2.94%) ISEB Practitioner
3 1 (2.94%) ISEB
3 1 (2.94%) CISSP
3 1 (2.94%) PMP
Quality Assurance & Compliance
1 2 (5.88%) QA
2 1 (2.94%) Solvency II
2 1 (2.94%) ISO/IEC 27001
2 1 (2.94%) Sarbanes-Oxley
System Software
1 1 (2.94%) VMware ESXi
1 1 (2.94%) vSphere
1 1 (2.94%) Active Directory
Systems Management
1 2 (5.88%) HP UCMDB
2 1 (2.94%) HP Quality Center
2 1 (2.94%) BladeLogic
Vendors
1 5 (14.71%) Microsoft
2 3 (8.82%) ServiceNow
2 3 (8.82%) Oracle
3 2 (5.88%) Sybase
3 2 (5.88%) McAfee
3 2 (5.88%) Nortel
3 2 (5.88%) Aruba
4 1 (2.94%) VMware
4 1 (2.94%) Avaya
4 1 (2.94%) Adobe
4 1 (2.94%) BMC
4 1 (2.94%) SAP
4 1 (2.94%) Cognos
4 1 (2.94%) Cisco
4 1 (2.94%) IBM