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 27 February 2015 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
27 Feb 2015
Same period 2014 Same period 2013
Banking
Rank 11 6 1
Rank change year-on-year
-5 -5
Contract jobs citing Banking 11 27 152
As % of all contract IT jobs located in Canary Wharf 12.22% 15.25% 47.95%
As % of the General category 18.33% 21.77% 60.08%
Number of daily rates quoted 5 21 99
Average daily rate
Keep up to 90%
of your Daily Rate
Get a Free Illustration
£475 £525 £550
Average daily rate % change year-on-year
-9.52% -4.54%
90% offered a daily rate of more than £450 £425 £425
10% offered a daily rate of more than £525 £700 £650
UK excluding London average daily rate £425 £400 £375
% change year-on-year
+6.25% +6.66%
Number of hourly rates quoted 0 0 2
Average hourly rate - - £20.00
UK excluding London average hourly rate £10.44 £12.00 £16.50
% change year-on-year
-13.00% -27.27%
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
60 124 253
As % of all contract IT jobs located in Canary Wharf 66.67% 70.06% 79.81%
Number of daily rates quoted 46 77 185
Average daily rate £450 £525 £525
Average daily rate % change year-on-year
-14.28% -
90% offered a daily rate of more than £338 £265 £375
10% offered a daily rate of more than £600 £700 £650
UK excluding London average daily rate £400 £388 £375
% change year-on-year
+3.22% +3.33%
Number of hourly rates quoted 0 8 2
Average hourly rate - £28.00 £20.00
Average hourly rate % change year-on-year
- +40.00%
UK excluding London average hourly rate £25.00 £24.00 £25.75
% change year-on-year
+4.16% -6.79%

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
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 27 February 2015, 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 15 (53.57%) Finance
2 11 (39.29%) Investment Banking
3 7 (25.00%) Agile Software Development
3 7 (25.00%) Project Management
4 6 (21.43%) Stakeholder Management
4 6 (21.43%) User Acceptance Testing
5 5 (17.86%) Front Office
5 5 (17.86%) Degree
5 5 (17.86%) Java
6 4 (14.29%) SQL
6 4 (14.29%) Windows
6 4 (14.29%) Microsoft
7 3 (10.71%) PRINCE2
7 3 (10.71%) UNIX
7 3 (10.71%) MS Excel
7 3 (10.71%) E-Commerce
7 3 (10.71%) Foreign Exchange (FX)
7 3 (10.71%) Linux
7 3 (10.71%) UML
7 3 (10.71%) MS Project
7 3 (10.71%) MS Office
7 3 (10.71%) Oracle
7 3 (10.71%) Project Planning
7 3 (10.71%) Business Analysis
7 3 (10.71%) Back Office
7 3 (10.71%) Equities
7 3 (10.71%) Fixed Income
7 3 (10.71%) Use Case
7 3 (10.71%) Change Control
7 3 (10.71%) Analytical Skills

Banking
Top Related IT Skills in Canary Wharf by Category

For the 6 months to 27 February 2015, 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 (7.14%) SharePoint
1 2 (7.14%) MS Project Server
1 2 (7.14%) Oracle Coherence
2 1 (3.57%) Confluence
2 1 (3.57%) Lync
2 1 (3.57%) TIBCO EMS
2 1 (3.57%) WebLogic
2 1 (3.57%) IIS
2 1 (3.57%) JBoss
Applications
1 3 (10.71%) MS Project
1 3 (10.71%) MS Office
1 3 (10.71%) MS Excel
Business Applications
1 1 (3.57%) SAP HR
1 1 (3.57%) BusinessWorks
1 1 (3.57%) Cognos TM1
Cloud Services
1 1 (3.57%) IBM Blueworks
Communications & Networking
1 1 (3.57%) LAN
1 1 (3.57%) WAN
1 1 (3.57%) TCP/IP
Database & Business Intelligence
1 1 (3.57%) SQL Server
1 1 (3.57%) OLAP
1 1 (3.57%) Crystal Reports
1 1 (3.57%) Oracle Reports
1 1 (3.57%) Data Warehouse
1 1 (3.57%) RDBMS
1 1 (3.57%) InterSystems Cache
1 1 (3.57%) SQLBase
1 1 (3.57%) Oracle Database 11g
1 1 (3.57%) Oracle Database
1 1 (3.57%) Relational Database
Development Applications
1 1 (3.57%) Ant
1 1 (3.57%) Rational Rose
1 1 (3.57%) Subversion
1 1 (3.57%) Maven
1 1 (3.57%) JIRA
1 1 (3.57%) Selenium
1 1 (3.57%) Atlassian Bamboo
1 1 (3.57%) Git (software)
1 1 (3.57%) WebDriver
1 1 (3.57%) Cucumber
General
1 15 (53.57%) Finance
2 11 (39.29%) Investment Banking
3 5 (17.86%) Front Office
4 3 (10.71%) Back Office
5 2 (7.14%) Retail Banking
5 2 (7.14%) Legal
5 2 (7.14%) Retail
5 2 (7.14%) Multimedia
6 1 (3.57%) Corporate Banking
6 1 (3.57%) Telecoms
Job Titles
1 5 (17.86%) Developer
1 5 (17.86%) Analyst
1 5 (17.86%) Business Analyst
2 4 (14.29%) Architect
2 4 (14.29%) Project Manager
3 3 (10.71%) Java Developer
4 2 (7.14%) Test Manager
4 2 (7.14%) 3rd Line Support
5 1 (3.57%) Release Manager
5 1 (3.57%) Programme Manager
5 1 (3.57%) IT Manager
5 1 (3.57%) Consultant
5 1 (3.57%) Data Architect
5 1 (3.57%) Solutions Architect
5 1 (3.57%) Graduate
5 1 (3.57%) Coordinator
5 1 (3.57%) Project Coordinator
5 1 (3.57%) J2EE Developer
5 1 (3.57%) IT Project Manager
5 1 (3.57%) Quantitative Developer
Libraries, Frameworks & Software Standards
1 2 (7.14%) XML
1 2 (7.14%) .NET
1 2 (7.14%) J2EE
1 2 (7.14%) EJB
2 1 (3.57%) JSP
2 1 (3.57%) STL
2 1 (3.57%) COM
2 1 (3.57%) Swing
2 1 (3.57%) JMS
2 1 (3.57%) Middleware
2 1 (3.57%) XML Messaging
2 1 (3.57%) Hibernate
2 1 (3.57%) Spring
2 1 (3.57%) Apache Flex
2 1 (3.57%) Boost C++ Libraries
Miscellaneous
1 3 (10.71%) Fixed Income
1 3 (10.71%) Equities
1 3 (10.71%) Foreign Exchange (FX)
1 3 (10.71%) Analytical Skills
2 2 (7.14%) PMI
2 2 (7.14%) Mainframe
2 2 (7.14%) Management Information System
3 1 (3.57%) Economics
3 1 (3.57%) Interest Rate Derivative
3 1 (3.57%) DTCC
3 1 (3.57%) Computer Science
3 1 (3.57%) Video Conferencing
3 1 (3.57%) Open Source
3 1 (3.57%) Enterprise Software
Operating Systems
1 4 (14.29%) Windows
2 3 (10.71%) Linux
2 3 (10.71%) UNIX
3 1 (3.57%) Windows Server 2008
3 1 (3.57%) Windows 7
Processes & Methodologies
1 7 (25.00%) Project Management
1 7 (25.00%) Agile Software Development
2 6 (21.43%) Stakeholder Management
2 6 (21.43%) User Acceptance Testing
3 3 (10.71%) Business Analysis
3 3 (10.71%) Project Planning
3 3 (10.71%) PRINCE2
3 3 (10.71%) UML
3 3 (10.71%) E-Commerce
3 3 (10.71%) Use Case
3 3 (10.71%) Change Control
4 2 (7.14%) Waterfall
4 2 (7.14%) Analytics
4 2 (7.14%) User Stories
4 2 (7.14%) DevOps
4 2 (7.14%) Scrum
4 2 (7.14%) OO
4 2 (7.14%) Matrix Management
4 2 (7.14%) Test Management
4 2 (7.14%) Data Architecture
Programming Languages
1 5 (17.86%) Java
2 4 (14.29%) SQL
3 2 (7.14%) Shell Script
3 2 (7.14%) C
4 1 (3.57%) C++
4 1 (3.57%) PL/SQL
4 1 (3.57%) T-SQL
4 1 (3.57%) VBA
Qualifications
1 5 (17.86%) Degree
2 2 (7.14%) PMI Certification
3 1 (3.57%) ISEB Practitioner
3 1 (3.57%) ISEB
Quality Assurance & Compliance
1 2 (7.14%) QA
2 1 (3.57%) Sarbanes-Oxley
2 1 (3.57%) GAAP
System Software
1 1 (3.57%) Active Directory
1 1 (3.57%) vSphere
1 1 (3.57%) VMware ESXi
Systems Management
1 1 (3.57%) HP Quality Center
Vendors
1 4 (14.29%) Microsoft
2 3 (10.71%) Oracle
3 1 (3.57%) Sybase
3 1 (3.57%) Business Objects
3 1 (3.57%) SAP
3 1 (3.57%) Cognos
3 1 (3.57%) Cisco
3 1 (3.57%) IBM
3 1 (3.57%) Avaya
3 1 (3.57%) TIBCO
3 1 (3.57%) VMware
3 1 (3.57%) Applix
3 1 (3.57%) Atlassian
3 1 (3.57%) Avaloq