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 22 August 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
22 Aug 2014
Same period 2013 Same period 2012
Banking
Rank 9 5 2
Rank change year-on-year
-4 -3
Contract jobs citing Banking 14 46 146
As % of all contract IT jobs located in Canary Wharf 11.97% 21.40% 43.07%
As % of the General category 15.73% 30.07% 57.94%
Number of daily rates quoted 9 33 110
Average daily rate
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of your Daily Rate
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£500 £600 £550
Average daily rate % change year-on-year
-16.66% +9.09%
90% offered a daily rate of more than £360 £400 £450
10% offered a daily rate of more than £605 £650 £650
UK excluding London average daily rate £400 £400 £380
% change year-on-year
- +5.26%
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate £17.25 £22.50 £19.50
% change year-on-year
-23.33% +15.38%
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
89 153 252
As % of all contract IT jobs located in Canary Wharf 76.07% 71.16% 74.34%
Number of daily rates quoted 40 117 179
Average daily rate £450 £550 £550
Average daily rate % change year-on-year
-18.18% -
90% offered a daily rate of more than £300 £300 £400
10% offered a daily rate of more than £600 £700 £650
UK excluding London average daily rate £388 £385 £375
% change year-on-year
+0.64% +2.66%
Number of hourly rates quoted 9 2 1
Average hourly rate £18.00 £22.50 £23.50
Average hourly rate % change year-on-year
-20.00% -4.25%
UK excluding London average hourly rate £22.50 £22.50 £27.50
% change year-on-year
- -18.18%

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 22 August 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 22 August 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 11 (32.35%) Investment Banking
3 8 (23.53%) Project Management
4 5 (14.71%) Change Management
4 5 (14.71%) Stakeholder Management
5 4 (11.76%) Service Management
5 4 (11.76%) ITIL
5 4 (11.76%) PRINCE2
6 3 (8.82%) Java
6 3 (8.82%) MS Project
6 3 (8.82%) IBM
6 3 (8.82%) Microsoft
6 3 (8.82%) ITSM
6 3 (8.82%) CMDB
6 3 (8.82%) User Acceptance Testing
6 3 (8.82%) Agile Software Development
6 3 (8.82%) Retail
6 3 (8.82%) Business Analysis
6 3 (8.82%) ServiceNow
7 2 (5.88%) User Stories
7 2 (5.88%) HP UCMDB
7 2 (5.88%) Retail Banking
7 2 (5.88%) International Banking
7 2 (5.88%) CMS
7 2 (5.88%) Hibernate
7 2 (5.88%) Scrum
7 2 (5.88%) Unit Testing
7 2 (5.88%) Spring
7 2 (5.88%) Technical Architecture
7 2 (5.88%) MiFID

Banking
Top Related IT Skills in Canary Wharf by Category

For the 6 months to 22 August 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%) SharePoint
2 1 (2.94%) Adobe CQ
2 1 (2.94%) MS Project Server
2 1 (2.94%) WebSphere
Applications
1 3 (8.82%) MS Project
2 2 (5.88%) MS Office
2 2 (5.88%) MS Excel
3 1 (2.94%) MS Visio
3 1 (2.94%) MS PowerPoint
Business Applications
1 1 (2.94%) Cognos TM1
Communications & Networking
1 2 (5.88%) Network Security
1 2 (5.88%) Firewall
1 2 (5.88%) Wireless
2 1 (2.94%) TCP/IP
Database & Business Intelligence
1 2 (5.88%) SQL Server
2 1 (2.94%) PowerCenter
2 1 (2.94%) IBM InfoSphere
2 1 (2.94%) QlikView
Development Applications
1 1 (2.94%) Oracle Forms
General
1 21 (61.76%) Finance
2 11 (32.35%) Investment Banking
3 3 (8.82%) Retail
4 2 (5.88%) Retail Banking
4 2 (5.88%) International Banking
5 1 (2.94%) Front Office
5 1 (2.94%) Back Office
5 1 (2.94%) Legal
5 1 (2.94%) Publishing
5 1 (2.94%) Wholesale Banking
Job Titles
1 9 (26.47%) Analyst
2 5 (14.71%) Business Analyst
3 4 (11.76%) Project Manager
3 4 (11.76%) Consultant
3 4 (11.76%) Developer
4 3 (8.82%) Network Engineer
5 2 (5.88%) Compliance Consultant
5 2 (5.88%) Banking Business Analyst
5 2 (5.88%) Business Manager
5 2 (5.88%) Security Engineer
5 2 (5.88%) Java Developer
5 2 (5.88%) Wireless Engineer
5 2 (5.88%) Solutions Architect
5 2 (5.88%) Network Security Engineer
5 2 (5.88%) Architect
6 1 (2.94%) Coordinator
6 1 (2.94%) Support Engineer
6 1 (2.94%) Solutions Designer
6 1 (2.94%) Senior Business Analyst
6 1 (2.94%) Process Analyst
Libraries, Frameworks & Software Standards
1 2 (5.88%) Hibernate
1 2 (5.88%) Spring
2 1 (2.94%) XML
2 1 (2.94%) FpML
2 1 (2.94%) XML Messaging
Miscellaneous
1 3 (8.82%) CMDB
2 2 (5.88%) PMI
3 1 (2.94%) Foreign Exchange (FX)
3 1 (2.94%) Management Information System
3 1 (2.94%) Reference Data
3 1 (2.94%) Data Integration
3 1 (2.94%) Equities
Operating Systems
1 2 (5.88%) Linux
2 1 (2.94%) UNIX
2 1 (2.94%) Windows
Processes & Methodologies
1 8 (23.53%) Project Management
2 5 (14.71%) Change Management
2 5 (14.71%) Stakeholder Management
3 4 (11.76%) Service Management
3 4 (11.76%) ITIL
3 4 (11.76%) PRINCE2
4 3 (8.82%) ITSM
4 3 (8.82%) User Acceptance Testing
4 3 (8.82%) Agile Software Development
4 3 (8.82%) Business Analysis
5 2 (5.88%) User Stories
5 2 (5.88%) Scrum
5 2 (5.88%) Unit Testing
5 2 (5.88%) Technical Architecture
5 2 (5.88%) Multithreading
5 2 (5.88%) Waterfall
5 2 (5.88%) Configuration Management
5 2 (5.88%) Data Modelling
6 1 (2.94%) E-Commerce
6 1 (2.94%) UML
Programming Languages
1 3 (8.82%) Java
2 1 (2.94%) Python
2 1 (2.94%) SQL
2 1 (2.94%) VBA
2 1 (2.94%) C
Qualifications
1 2 (5.88%) PMI Certification
2 1 (2.94%) PMP
2 1 (2.94%) CISSP
2 1 (2.94%) CISA
2 1 (2.94%) PRINCE2 Practitioner
2 1 (2.94%) Degree
Quality Assurance & Compliance
1 2 (5.88%) MiFID
2 1 (2.94%) Solvency II
2 1 (2.94%) Data Quality
2 1 (2.94%) QA
2 1 (2.94%) ISO/IEC 27001
Systems Management
1 2 (5.88%) HP UCMDB
2 1 (2.94%) BladeLogic
Vendors
1 3 (8.82%) IBM
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%) Cognos
3 1 (2.94%) BMC
3 1 (2.94%) Informatica
3 1 (2.94%) Reuters
3 1 (2.94%) Bloomberg
3 1 (2.94%) Trillium
3 1 (2.94%) Adobe