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 29 May 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
29 May 2015
Same period 2014 Same period 2013
Banking
Rank 3 3 2
Rank change year-on-year
0 -1
Contract jobs citing Banking 39 19 150
As % of all contract IT jobs located in Canary Wharf 24.07% 17.27% 39.58%
As % of the General category 33.62% 24.05% 50.00%
Number of daily rates quoted 32 11 116
Average daily rate
Keep up to 90%
of your Daily Rate
Get a Free Illustration
£525 £550 £550
Average daily rate % change year-on-year
-4.54% -
90% offered a daily rate of more than £400 £288 £400
10% offered a daily rate of more than £600 £650 £650
UK excluding London average daily rate £413 £400 £400
% change year-on-year
+3.12% -
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate £10.44 £14.50 £20.75
% change year-on-year
-28.00% -30.12%
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
116 79 300
As % of all contract IT jobs located in Canary Wharf 71.60% 71.82% 79.16%
Number of daily rates quoted 75 48 241
Average daily rate £520 £425 £550
Average daily rate % change year-on-year
+22.35% -22.72%
90% offered a daily rate of more than £313 £215 £326
10% offered a daily rate of more than £600 £625 £650
UK excluding London average daily rate £400 £375 £375
% change year-on-year
+6.66% -
Number of hourly rates quoted 2 1 1
Average hourly rate £12.50 £18.00 £42.50
Average hourly rate % change year-on-year
-30.55% -57.64%
UK excluding London average hourly rate £23.00 £25.00 £26.00
% change year-on-year
-8.00% -3.84%

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 29 May 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 29 May 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 31 (60.78%) Finance
2 29 (56.86%) Investment Banking
3 16 (31.37%) Agile Software Development
4 15 (29.41%) Front Office
5 13 (25.49%) SQL
6 12 (23.53%) UNIX
6 12 (23.53%) Degree
7 10 (19.61%) SDLC
8 9 (17.65%) Stakeholder Management
9 8 (15.69%) Retail
9 8 (15.69%) Java
9 8 (15.69%) Analytical Skills
10 7 (13.73%) Analytics
10 7 (13.73%) .NET
10 7 (13.73%) Risk Management
11 6 (11.76%) Migration
11 6 (11.76%) Derivative
11 6 (11.76%) Perl
11 6 (11.76%) Shell Script
11 6 (11.76%) Project Management
11 6 (11.76%) Data Centre
11 6 (11.76%) QA
12 5 (9.80%) Credit Risk
12 5 (9.80%) Test Automation
12 5 (9.80%) C#
12 5 (9.80%) HTML
12 5 (9.80%) SQL Server
12 5 (9.80%) Linux
12 5 (9.80%) Equities
12 5 (9.80%) Legal

Banking
Top Related IT Skills in Canary Wharf by Category

For the 6 months to 29 May 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 (3.92%) WebSphere
1 2 (3.92%) Oracle Coherence
2 1 (1.96%) MS Project Server
2 1 (1.96%) Apache Spark
2 1 (1.96%) WebSphere Application Server
2 1 (1.96%) CICS
2 1 (1.96%) SharePoint
Applications
1 2 (3.92%) MS Excel
1 2 (3.92%) Photoshop
1 2 (3.92%) MS Project
1 2 (3.92%) MS Office
2 1 (1.96%) MS Visio
2 1 (1.96%) MS PowerPoint
Business Applications
1 3 (5.88%) Global One
2 2 (3.92%) WebTrends
3 1 (1.96%) BusinessWorks
Cloud Services
1 2 (3.92%) Adobe Analytics
2 1 (1.96%) IBM Blueworks
Communications & Networking
1 3 (5.88%) FTP
2 1 (1.96%) Firewall
Database & Business Intelligence
1 5 (9.80%) SQL Server
2 3 (5.88%) UniData
3 2 (3.92%) Big Data
3 2 (3.92%) Hadoop
4 1 (1.96%) SQL Server Analysis Services
4 1 (1.96%) SQL Server 2008
4 1 (1.96%) Oracle Database
4 1 (1.96%) Relational Database
4 1 (1.96%) DB2
4 1 (1.96%) Data Mining
4 1 (1.96%) SQL Server Integration Services
4 1 (1.96%) InterSystems Cache
4 1 (1.96%) SQL Server Reporting Services
Development Applications
1 2 (3.92%) Cucumber
1 2 (3.92%) JIRA
1 2 (3.92%) Selenium
2 1 (1.96%) Git (software)
2 1 (1.96%) Rational Rose
2 1 (1.96%) Maven
General
1 31 (60.78%) Finance
2 29 (56.86%) Investment Banking
3 15 (29.41%) Front Office
4 8 (15.69%) Retail
5 5 (9.80%) Legal
6 3 (5.88%) Retail Banking
7 1 (1.96%) Corporate Banking
7 1 (1.96%) Financial Institution
7 1 (1.96%) Back Office
Job Titles
1 20 (39.22%) Developer
2 8 (15.69%) Architect
3 7 (13.73%) Analyst
4 6 (11.76%) Java Developer
4 6 (11.76%) Project Manager
4 6 (11.76%) Business Analyst
4 6 (11.76%) Solutions Architect
5 4 (7.84%) Test Manager
6 3 (5.88%) C# Developer
7 2 (3.92%) Production Manager
7 2 (3.92%) Front-End Developer
8 1 (1.96%) GUI Developer
8 1 (1.96%) Programme Test Manager
8 1 (1.96%) Flex Developer
8 1 (1.96%) Lead Architect
8 1 (1.96%) SOA Architect
8 1 (1.96%) Banking Business Analyst
8 1 (1.96%) Java Architect
8 1 (1.96%) 2nd Line Support Analyst
8 1 (1.96%) RAD Developer
Libraries, Frameworks & Software Standards
1 7 (13.73%) .NET
2 5 (9.80%) HTML
3 4 (7.84%) CSS
4 3 (5.88%) Apache Flex
4 3 (5.88%) HTML5
5 2 (3.92%) Spring
5 2 (3.92%) JSF
5 2 (3.92%) XHTML
5 2 (3.92%) Middleware
5 2 (3.92%) CSS3
5 2 (3.92%) jQuery
6 1 (1.96%) WCF
6 1 (1.96%) .NET Framework
6 1 (1.96%) TIBCO EMS
6 1 (1.96%) Kafka
6 1 (1.96%) ASP.NET
6 1 (1.96%) EJB
6 1 (1.96%) JSP
6 1 (1.96%) XML
6 1 (1.96%) J2EE
Miscellaneous
1 8 (15.69%) Analytical Skills
2 6 (11.76%) Derivative
2 6 (11.76%) Data Centre
3 5 (9.80%) Credit Risk
3 5 (9.80%) Equities
4 3 (5.88%) Market Risk
4 3 (5.88%) Visualisation
4 3 (5.88%) N-Tier
4 3 (5.88%) Interest Rate Derivative
5 2 (3.92%) Equity Derivative
5 2 (3.92%) Mainframe
6 1 (1.96%) IBM Mainframe
6 1 (1.96%) Computer Science
6 1 (1.96%) Reference Data
6 1 (1.96%) Hedge funds
6 1 (1.96%) Enterprise Software
6 1 (1.96%) PMI
6 1 (1.96%) Foreign Exchange (FX)
6 1 (1.96%) Cryptography
6 1 (1.96%) Fixed Income
Operating Systems
1 12 (23.53%) UNIX
2 5 (9.80%) Linux
3 1 (1.96%) Windows
3 1 (1.96%) AIX
Processes & Methodologies
1 16 (31.37%) Agile Software Development
2 10 (19.61%) SDLC
3 9 (17.65%) Stakeholder Management
4 7 (13.73%) Analytics
4 7 (13.73%) Risk Management
5 6 (11.76%) Migration
5 6 (11.76%) Project Management
6 5 (9.80%) Test Automation
7 4 (7.84%) Business Analysis
7 4 (7.84%) OOP
7 4 (7.84%) OO
7 4 (7.84%) User Acceptance Testing
7 4 (7.84%) Multithreading
7 4 (7.84%) Use Case
8 3 (5.88%) Release Management
8 3 (5.88%) Test Management
8 3 (5.88%) Investment Management
8 3 (5.88%) Open Source
8 3 (5.88%) Waterfall
8 3 (5.88%) Change Control
Programming Languages
1 13 (25.49%) SQL
2 8 (15.69%) Java
3 6 (11.76%) Perl
3 6 (11.76%) Shell Script
4 5 (9.80%) C#
5 4 (7.84%) C++
6 3 (5.88%) C
6 3 (5.88%) JavaScript
6 3 (5.88%) VBA
6 3 (5.88%) UniBasic
7 2 (3.92%) Python
8 1 (1.96%) Scala
8 1 (1.96%) R
8 1 (1.96%) VBScript
8 1 (1.96%) PL/SQL
8 1 (1.96%) COBOL
8 1 (1.96%) JCL
Qualifications
1 12 (23.53%) Degree
2 1 (1.96%) ISEB
2 1 (1.96%) PMI Certification
2 1 (1.96%) ISTQB
Quality Assurance & Compliance
1 6 (11.76%) QA
Systems Management
1 1 (1.96%) HP Quality Center
Vendors
1 3 (5.88%) Pega
1 3 (5.88%) Oracle
1 3 (5.88%) SunGard
1 3 (5.88%) IBM
2 2 (3.92%) Microsoft
2 2 (3.92%) Adobe
3 1 (1.96%) Avaloq
3 1 (1.96%) Solace
3 1 (1.96%) Business Objects
3 1 (1.96%) Reuters
3 1 (1.96%) Bloomberg
3 1 (1.96%) Informatica
3 1 (1.96%) TIBCO
3 1 (1.96%) Actimize