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 24 April 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
24 Apr 2015
Same period 2014 Same period 2013
Banking
Rank 2 8 1
Rank change year-on-year
+6 -7
Contract jobs citing Banking 40 15 167
As % of all contract IT jobs located in Canary Wharf 30.77% 10.49% 45.38%
As % of the General category 43.01% 15.00% 57.00%
Number of daily rates quoted 29 8 132
Average daily rate
Keep up to 90%
of your Daily Rate
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£525 £550 £575
Average daily rate % change year-on-year
-4.54% -4.34%
90% offered a daily rate of more than £450 £296 £450
10% offered a daily rate of more than £605 £723 £700
UK excluding London average daily rate £425 £400 £378
% change year-on-year
+6.25% +5.89%
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate £10.44 £11.72 £19.00
% change year-on-year
-10.92% -38.31%
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
93 100 293
As % of all contract IT jobs located in Canary Wharf 71.54% 69.93% 79.62%
Number of daily rates quoted 62 71 242
Average daily rate £520 £475 £575
Average daily rate % change year-on-year
+9.47% -17.39%
90% offered a daily rate of more than £400 £215 £360
10% offered a daily rate of more than £625 £600 £700
UK excluding London average daily rate £400 £380 £375
% change year-on-year
+5.26% +1.33%
Number of hourly rates quoted 1 5 1
Average hourly rate £12.50 £28.00 £42.50
Average hourly rate % change year-on-year
-55.35% -34.11%
UK excluding London average hourly rate £24.00 £25.00 £26.50
% change year-on-year
-4.00% -5.66%

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 24 April 2015.

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 24 April 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 35 (63.64%) Finance
2 29 (52.73%) Investment Banking
3 19 (34.55%) Front Office
3 19 (34.55%) Agile Software Development
4 15 (27.27%) SQL
5 12 (21.82%) UNIX
5 12 (21.82%) Degree
6 11 (20.00%) Stakeholder Management
7 10 (18.18%) Project Management
7 10 (18.18%) Java
8 8 (14.55%) .NET
8 8 (14.55%) Shell Script
8 8 (14.55%) QA
8 8 (14.55%) Analytics
9 7 (12.73%) Analytical Skills
9 7 (12.73%) Equities
9 7 (12.73%) Retail
10 6 (10.91%) Risk Management
10 6 (10.91%) Migration
10 6 (10.91%) SQL Server
10 6 (10.91%) Linux
10 6 (10.91%) Test Automation
11 5 (9.09%) User Acceptance Testing
11 5 (9.09%) Derivative
11 5 (9.09%) Business Analysis
11 5 (9.09%) OO
11 5 (9.09%) Perl
11 5 (9.09%) C
11 5 (9.09%) C#
11 5 (9.09%) C++

Banking
Top Related IT Skills in Canary Wharf by Category

For the 6 months to 24 April 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 3 (5.45%) Oracle Coherence
2 2 (3.64%) SharePoint
2 2 (3.64%) MS Project Server
3 1 (1.82%) Confluence
3 1 (1.82%) Apache Spark
3 1 (1.82%) WebSphere
3 1 (1.82%) JBoss
3 1 (1.82%) WebSphere Application Server
3 1 (1.82%) WebLogic
Applications
1 4 (7.27%) MS Excel
2 3 (5.45%) MS Project
2 3 (5.45%) MS Office
3 2 (3.64%) Photoshop
4 1 (1.82%) MS PowerPoint
4 1 (1.82%) MS Visio
Business Applications
1 3 (5.45%) Global One
2 2 (3.64%) WebTrends
3 1 (1.82%) BusinessWorks
3 1 (1.82%) Cognos TM1
Cloud Services
1 2 (3.64%) Adobe Analytics
2 1 (1.82%) IBM Blueworks
Communications & Networking
1 3 (5.45%) FTP
2 1 (1.82%) Firewall
Database & Business Intelligence
1 6 (10.91%) SQL Server
2 3 (5.45%) UniData
3 2 (3.64%) Big Data
3 2 (3.64%) Oracle Database
3 2 (3.64%) Relational Database
3 2 (3.64%) Hadoop
4 1 (1.82%) SQL Server Analysis Services
4 1 (1.82%) Oracle Database 11g
4 1 (1.82%) SQL Server 2008
4 1 (1.82%) SQL Server Integration Services
4 1 (1.82%) SQLBase
4 1 (1.82%) RDBMS
4 1 (1.82%) Data Mining
4 1 (1.82%) Data Warehouse
4 1 (1.82%) Oracle Reports
4 1 (1.82%) Crystal Reports
4 1 (1.82%) OLAP
4 1 (1.82%) InterSystems Cache
4 1 (1.82%) SQL Server Reporting Services
Development Applications
1 3 (5.45%) Cucumber
1 3 (5.45%) Selenium
1 3 (5.45%) JIRA
2 2 (3.64%) Maven
2 2 (3.64%) Git (software)
3 1 (1.82%) WebDriver
3 1 (1.82%) Atlassian Bamboo
3 1 (1.82%) Rational Rose
3 1 (1.82%) Ant
3 1 (1.82%) Subversion
General
1 35 (63.64%) Finance
2 29 (52.73%) Investment Banking
3 19 (34.55%) Front Office
4 7 (12.73%) Retail
5 5 (9.09%) Legal
6 3 (5.45%) Retail Banking
6 3 (5.45%) Back Office
7 1 (1.82%) Corporate Banking
7 1 (1.82%) Financial Institution
7 1 (1.82%) Multimedia
Job Titles
1 21 (38.18%) Developer
2 7 (12.73%) Architect
2 7 (12.73%) Analyst
3 6 (10.91%) Java Developer
3 6 (10.91%) Project Manager
3 6 (10.91%) Business Analyst
4 5 (9.09%) Test Manager
5 4 (7.27%) Solutions Architect
6 3 (5.45%) C# Developer
7 2 (3.64%) Programme Manager
7 2 (3.64%) Programme Test Manager
7 2 (3.64%) Production Manager
7 2 (3.64%) Test Leader
7 2 (3.64%) Front-End Developer
8 1 (1.82%) Lead Solutions Architect
8 1 (1.82%) C# .NET Developer
8 1 (1.82%) C++ Quantitative Developer
8 1 (1.82%) Agile Business Analyst
8 1 (1.82%) 2nd Line Support Analyst
8 1 (1.82%) Senior Programme Planner
Libraries, Frameworks & Software Standards
1 8 (14.55%) .NET
2 5 (9.09%) HTML
3 4 (7.27%) CSS
4 3 (5.45%) HTML5
5 2 (3.64%) J2EE
5 2 (3.64%) EJB
5 2 (3.64%) XHTML
5 2 (3.64%) Spring
5 2 (3.64%) jQuery
5 2 (3.64%) Apache Flex
5 2 (3.64%) CSS3
6 1 (1.82%) Boost C++ Libraries
6 1 (1.82%) Kafka
6 1 (1.82%) WCF
6 1 (1.82%) JSF
6 1 (1.82%) .NET Framework
6 1 (1.82%) TIBCO EMS
6 1 (1.82%) J2SE
6 1 (1.82%) JMS
6 1 (1.82%) Swing
Miscellaneous
1 7 (12.73%) Analytical Skills
1 7 (12.73%) Equities
2 5 (9.09%) Derivative
3 4 (7.27%) Credit Risk
4 3 (5.45%) Open Source
4 3 (5.45%) Visualisation
4 3 (5.45%) Interest Rate Derivative
4 3 (5.45%) N-Tier
4 3 (5.45%) Fixed Income
5 2 (3.64%) Mainframe
5 2 (3.64%) Management Information System
5 2 (3.64%) PMI
5 2 (3.64%) Equity Derivative
5 2 (3.64%) Market Risk
6 1 (1.82%) Hedge funds
6 1 (1.82%) IBM Mainframe
6 1 (1.82%) Computer Science
6 1 (1.82%) Reference Data
6 1 (1.82%) Foreign Exchange (FX)
6 1 (1.82%) Cryptography
Operating Systems
1 12 (21.82%) UNIX
2 6 (10.91%) Linux
3 1 (1.82%) Windows
3 1 (1.82%) AIX
Processes & Methodologies
1 19 (34.55%) Agile Software Development
2 11 (20.00%) Stakeholder Management
3 10 (18.18%) Project Management
4 8 (14.55%) Analytics
5 6 (10.91%) Risk Management
5 6 (10.91%) Migration
5 6 (10.91%) Test Automation
6 5 (9.09%) User Acceptance Testing
6 5 (9.09%) Business Analysis
6 5 (9.09%) OO
7 4 (7.27%) UML
7 4 (7.27%) OOP
7 4 (7.27%) Test Management
7 4 (7.27%) Use Case
7 4 (7.27%) Change Control
8 3 (5.45%) Test Strategy
8 3 (5.45%) Waterfall
8 3 (5.45%) Multithreading
8 3 (5.45%) Continuous Integration
8 3 (5.45%) User Stories
Programming Languages
1 15 (27.27%) SQL
2 10 (18.18%) Java
3 8 (14.55%) Shell Script
4 5 (9.09%) Perl
4 5 (9.09%) C
4 5 (9.09%) C#
4 5 (9.09%) C++
5 4 (7.27%) VBA
6 3 (5.45%) JavaScript
6 3 (5.45%) UniBasic
7 2 (3.64%) PL/SQL
7 2 (3.64%) Python
8 1 (1.82%) R
8 1 (1.82%) Scala
8 1 (1.82%) T-SQL
8 1 (1.82%) VBScript
Qualifications
1 12 (21.82%) Degree
2 2 (3.64%) PMI Certification
3 1 (1.82%) ISTQB
3 1 (1.82%) ISEB
Quality Assurance & Compliance
1 8 (14.55%) QA
2 1 (1.82%) GAAP
Systems Management
1 1 (1.82%) HP Quality Center
Vendors
1 5 (9.09%) Oracle
2 4 (7.27%) Microsoft
3 3 (5.45%) SunGard
3 3 (5.45%) IBM
4 2 (3.64%) Adobe
4 2 (3.64%) Pega
5 1 (1.82%) Solace
5 1 (1.82%) Atlassian
5 1 (1.82%) Avaloq
5 1 (1.82%) Actimize
5 1 (1.82%) Informatica
5 1 (1.82%) Cognos
5 1 (1.82%) Business Objects
5 1 (1.82%) Sybase
5 1 (1.82%) TIBCO
5 1 (1.82%) Applix