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 19 September 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
19 Sep 2014
Same period 2013 Same period 2012
Banking
Rank 6 4 2
Rank change year-on-year
-2 -2
Contract jobs citing Banking 16 52 174
As % of all contract IT jobs located in Canary Wharf 14.16% 23.85% 45.08%
As % of the General category 18.82% 34.21% 62.59%
Number of daily rates quoted 10 34 143
Average daily rate
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of your Daily Rate
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£550 £575 £550
Average daily rate % change year-on-year
-4.34% +4.54%
90% offered a daily rate of more than £300 £400 £450
10% offered a daily rate of more than £638 £650 £650
UK excluding London average daily rate £413 £400 £380
% change year-on-year
+3.25% +5.26%
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate £14.00 £17.50 £19.00
% change year-on-year
-20.00% -7.89%
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
85 152 278
As % of all contract IT jobs located in Canary Wharf 75.22% 69.72% 72.02%
Number of daily rates quoted 36 112 220
Average daily rate £450 £572 £550
Average daily rate % change year-on-year
-21.32% +4.00%
90% offered a daily rate of more than £300 £303 £400
10% offered a daily rate of more than £603 £700 £650
UK excluding London average daily rate £400 £380 £375
% change year-on-year
+5.26% +1.33%
Number of hourly rates quoted 3 2 1
Average hourly rate £35.00 £22.50 £23.50
Average hourly rate % change year-on-year
+55.55% -4.25%
UK excluding London average hourly rate £23.00 £20.50 £28.50
% change year-on-year
+12.19% -28.07%

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 19 September 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 19 September 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 12 (35.29%) Investment Banking
3 9 (26.47%) Project Management
4 6 (17.65%) Stakeholder Management
5 5 (14.71%) User Acceptance Testing
5 5 (14.71%) Change Management
6 4 (11.76%) Service Management
6 4 (11.76%) ITIL
6 4 (11.76%) PRINCE2
6 4 (11.76%) Agile Software Development
7 3 (8.82%) CMDB
7 3 (8.82%) Business Analysis
7 3 (8.82%) Windows
7 3 (8.82%) Java
7 3 (8.82%) MS Project
7 3 (8.82%) Microsoft
7 3 (8.82%) ITSM
7 3 (8.82%) ServiceNow
7 3 (8.82%) Analytical Skills
8 2 (5.88%) User Stories
8 2 (5.88%) HP UCMDB
8 2 (5.88%) Aruba
8 2 (5.88%) McAfee
8 2 (5.88%) Configuration Management
8 2 (5.88%) Foreign Exchange (FX)
8 2 (5.88%) Management Information System
8 2 (5.88%) Wireless
8 2 (5.88%) Firewall
8 2 (5.88%) Nortel
8 2 (5.88%) PMI

Banking
Top Related IT Skills in Canary Wharf by Category

For the 6 months to 19 September 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%) MS Project Server
2 1 (2.94%) IIS
2 1 (2.94%) SharePoint
2 1 (2.94%) Adobe CQ
Applications
1 3 (8.82%) MS Project
2 2 (5.88%) MS Excel
2 2 (5.88%) MS Office
3 1 (2.94%) MS PowerPoint
3 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%) TCP/IP
Database & Business Intelligence
1 2 (5.88%) SQL Server
2 1 (2.94%) QlikView
Development Applications
1 1 (2.94%) Oracle Forms
General
1 21 (61.76%) Finance
2 12 (35.29%) Investment Banking
3 2 (5.88%) Retail
4 1 (2.94%) International Banking
4 1 (2.94%) Retail Banking
4 1 (2.94%) Legal
4 1 (2.94%) Publishing
4 1 (2.94%) Front Office
4 1 (2.94%) Back Office
Job Titles
1 8 (23.53%) Analyst
2 5 (14.71%) Project Manager
3 4 (11.76%) Business Analyst
3 4 (11.76%) Developer
3 4 (11.76%) Consultant
4 3 (8.82%) Network Engineer
5 2 (5.88%) Wireless Engineer
5 2 (5.88%) Solutions Architect
5 2 (5.88%) Network Security Engineer
5 2 (5.88%) Banking Business Analyst
5 2 (5.88%) Architect
5 2 (5.88%) Security Engineer
5 2 (5.88%) Java Developer
6 1 (2.94%) Project Coordinator
6 1 (2.94%) Network Support Engineer
6 1 (2.94%) IT Project Manager
6 1 (2.94%) Project Analyst
6 1 (2.94%) Network Support
6 1 (2.94%) Configuration Analyst
6 1 (2.94%) Delivery Manager
Libraries, Frameworks & Software Standards
1 2 (5.88%) XML
1 2 (5.88%) Spring
1 2 (5.88%) XML Messaging
1 2 (5.88%) Hibernate
2 1 (2.94%) FpML
Miscellaneous
1 3 (8.82%) CMDB
1 3 (8.82%) Analytical Skills
2 2 (5.88%) Foreign Exchange (FX)
2 2 (5.88%) Management Information System
2 2 (5.88%) PMI
2 2 (5.88%) Equities
3 1 (2.94%) Economics
3 1 (2.94%) Reference Data
3 1 (2.94%) Open Source
3 1 (2.94%) Computer Science
3 1 (2.94%) DTCC
3 1 (2.94%) Mainframe
3 1 (2.94%) Enterprise Software
Operating Systems
1 3 (8.82%) Windows
2 2 (5.88%) Linux
2 2 (5.88%) UNIX
Processes & Methodologies
1 9 (26.47%) Project Management
2 6 (17.65%) Stakeholder Management
3 5 (14.71%) User Acceptance Testing
3 5 (14.71%) Change Management
4 4 (11.76%) Service Management
4 4 (11.76%) ITIL
4 4 (11.76%) PRINCE2
4 4 (11.76%) Agile Software Development
5 3 (8.82%) Business Analysis
5 3 (8.82%) ITSM
6 2 (5.88%) User Stories
6 2 (5.88%) Configuration Management
6 2 (5.88%) Data Modelling
6 2 (5.88%) Technical Architecture
6 2 (5.88%) Unit Testing
6 2 (5.88%) Multithreading
6 2 (5.88%) Information Security
6 2 (5.88%) Scrum
7 1 (2.94%) Content Management
7 1 (2.94%) Data Analysis
Programming Languages
1 3 (8.82%) Java
2 1 (2.94%) C
2 1 (2.94%) Python
2 1 (2.94%) SQL
2 1 (2.94%) VBA
Qualifications
1 2 (5.88%) PMI Certification
1 2 (5.88%) Degree
2 1 (2.94%) ISEB Practitioner
2 1 (2.94%) PRINCE2 Practitioner
2 1 (2.94%) PMP
2 1 (2.94%) ISEB
2 1 (2.94%) CISSP
2 1 (2.94%) CISA
Quality Assurance & Compliance
1 1 (2.94%) MiFID
1 1 (2.94%) QA
1 1 (2.94%) ISO/IEC 27001
1 1 (2.94%) Sarbanes-Oxley
1 1 (2.94%) Solvency II
System Software
1 1 (2.94%) vSphere
1 1 (2.94%) Active Directory
1 1 (2.94%) VMware ESXi
Systems Management
1 2 (5.88%) HP UCMDB
2 1 (2.94%) HP Quality Center
2 1 (2.94%) BladeLogic
Vendors
1 3 (8.82%) Microsoft
1 3 (8.82%) ServiceNow
2 2 (5.88%) Aruba
2 2 (5.88%) McAfee
2 2 (5.88%) Nortel
2 2 (5.88%) Oracle
2 2 (5.88%) Sybase
3 1 (2.94%) VMware
3 1 (2.94%) SAP
3 1 (2.94%) Cisco
3 1 (2.94%) IBM
3 1 (2.94%) Cognos
3 1 (2.94%) BMC
3 1 (2.94%) Adobe
3 1 (2.94%) Reuters
3 1 (2.94%) Bloomberg