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 28 April 2016 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.

3 months to
28 Apr 2016
Same period 2015 Same period 2014
Banking
Rank 2 2 9
Rank change year-on-year
0 +7
Contract jobs citing Banking 40 41 13
As % of all contract IT jobs located in Canary Wharf 30.53% 31.06% 9.56%
As % of the General category 43.96% 43.16% 13.83%
Number of daily rates quoted 36 30 7
Average daily rate £506 £525 £550
Average daily rate % change year-on-year
-3.57% -4.54%
90% offered a daily rate of more than £400 £450 £295
10% offered a daily rate of more than £701 £603 £685
UK excluding London average daily rate £413 £420 £400
% change year-on-year
-1.72% +5.06%
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate £9.82 £10.44 £13.50
% change year-on-year
-5.98% -22.66%
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
91 95 94
As % of all contract IT jobs located in Canary Wharf 69.47% 71.97% 69.12%
Number of daily rates quoted 77 64 67
Average daily rate £493 £520 £463
Average daily rate % change year-on-year
-5.28% +12.43%
90% offered a daily rate of more than £351 £420 £215
10% offered a daily rate of more than £701 £625 £600
UK excluding London average daily rate £400 £400 £380
% change year-on-year
- +5.26%
Number of hourly rates quoted 2 1 5
Average hourly rate £29.00 £12.50 £28.00
Average hourly rate % change year-on-year
+132.00% -55.35%
UK excluding London average hourly rate £29.00 £25.00 £25.00
% change year-on-year
+16.00% -

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 28 April 2016.

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 28 April 2016, 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 33 (41.77%) Finance
2 26 (32.91%) Investment Banking
3 21 (26.58%) Agile Software Development
4 20 (25.32%) Java
5 16 (20.25%) SQL
6 15 (18.99%) Stakeholder Management
7 12 (15.19%) Project Management
8 11 (13.92%) Windows
8 11 (13.92%) TDD
9 10 (12.66%) Front Office
10 9 (11.39%) Spring
11 8 (10.13%) C#
11 8 (10.13%) SQL Server
11 8 (10.13%) Microsoft
12 7 (8.86%) C++
12 7 (8.86%) Linux
12 7 (8.86%) Scrum
12 7 (8.86%) Business Analysis
12 7 (8.86%) Software Engineering
12 7 (8.86%) Retail
12 7 (8.86%) BDD
13 6 (7.59%) REST
13 6 (7.59%) SDLC
13 6 (7.59%) Multithreading
13 6 (7.59%) Change Management
13 6 (7.59%) Hibernate
13 6 (7.59%) PRINCE2
13 6 (7.59%) MS Office
13 6 (7.59%) .NET
13 6 (7.59%) J2EE

Banking
Top Related IT Skills in Canary Wharf by Category

For the 6 months to 28 April 2016, 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 4 (5.06%) MS Project Server
1 4 (5.06%) WebSphere
2 3 (3.80%) Apache
2 3 (3.80%) Apache Spark
2 3 (3.80%) SharePoint
3 2 (2.53%) Mule
3 2 (2.53%) SAS
4 1 (1.27%) IBM Notes
4 1 (1.27%) MQSeries
4 1 (1.27%) SharePoint 2013
Applications
1 6 (7.59%) MS Office
2 5 (6.33%) MS Project
3 3 (3.80%) MS Excel
4 2 (2.53%) MS PowerPoint
4 2 (2.53%) MS Visio
5 1 (1.27%) Adobe Illustrator
5 1 (1.27%) OmniGraffle
5 1 (1.27%) Photoshop
Cloud Services
1 1 (1.27%) Microsoft Azure
1 1 (1.27%) Office 365
Communications & Networking
1 4 (5.06%) TCP/IP
2 1 (1.27%) SAN
2 1 (1.27%) WebEx
Database & Business Intelligence
1 8 (10.13%) SQL Server
2 5 (6.33%) Big Data
2 5 (6.33%) Data Warehouse
3 4 (5.06%) DB2
3 4 (5.06%) HBase
4 3 (3.80%) Apache Hive
4 3 (3.80%) Hadoop
4 3 (3.80%) MySQL
4 3 (3.80%) QlikView
5 2 (2.53%) SQL Server 2008
5 2 (2.53%) SQL Server Integration Services
5 2 (2.53%) SQL Server Reporting Services
6 1 (1.27%) Data Mart
6 1 (1.27%) Data Mining
6 1 (1.27%) MS Access
6 1 (1.27%) OLTP
6 1 (1.27%) Relational Database
6 1 (1.27%) SQL Server 2005
6 1 (1.27%) SQL Server 2012
6 1 (1.27%) SQL Server Analysis Services
Development Applications
1 3 (3.80%) Cucumber
1 3 (3.80%) Selenium
1 3 (3.80%) WebDriver
2 2 (2.53%) Artifactory
2 2 (2.53%) JBehave
2 2 (2.53%) Jenkins
2 2 (2.53%) SpecFlow
2 2 (2.53%) Team Foundation Server
3 1 (1.27%) Git (software)
General
1 33 (41.77%) Finance
2 26 (32.91%) Investment Banking
3 10 (12.66%) Front Office
4 7 (8.86%) Retail
5 5 (6.33%) Corporate Banking
6 4 (5.06%) Back Office
7 3 (3.80%) Retail Banking
8 2 (2.53%) Financial Institution
9 1 (1.27%) General Ledger
9 1 (1.27%) Marketing
Job Titles
1 26 (32.91%) Developer
2 18 (22.78%) Analyst
3 10 (12.66%) Architect
3 10 (12.66%) Banking Analyst
4 9 (11.39%) Business Analyst
5 8 (10.13%) Java Developer
6 7 (8.86%) Project Manager
7 6 (7.59%) Banking Business Analyst
8 5 (6.33%) Banking Project Manager
8 5 (6.33%) C# Developer
8 5 (6.33%) SQL Developer
9 4 (5.06%) Data Architect
9 4 (5.06%) IT Manager
9 4 (5.06%) IT Project Manager
9 4 (5.06%) PRINCE2 Project Manager
9 4 (5.06%) Senior Developer
9 4 (5.06%) Solutions Architect
9 4 (5.06%) Stakeholder Manager
10 3 (3.80%) Lead Developer
10 3 (3.80%) Support Analyst
Libraries, Frameworks & Software Standards
1 9 (11.39%) Spring
2 6 (7.59%) .NET
2 6 (7.59%) Hibernate
2 6 (7.59%) J2EE
2 6 (7.59%) REST
3 4 (5.06%) XML
4 3 (3.80%) Drools
4 3 (3.80%) FIX Protocol
4 3 (3.80%) JMS
4 3 (3.80%) JPA
4 3 (3.80%) Spring MVC
4 3 (3.80%) Spring Security
5 2 (2.53%) ASP.NET
5 2 (2.53%) CSS
5 2 (2.53%) GWT
5 2 (2.53%) jQuery
5 2 (2.53%) JSON
5 2 (2.53%) Middleware
5 2 (2.53%) Spring Integration
5 2 (2.53%) WebSphere MQ
Miscellaneous
1 5 (6.33%) Analytical Skills
1 5 (6.33%) PMI
2 4 (5.06%) Computer Science
3 3 (3.80%) Credit Risk
3 3 (3.80%) Equities
4 2 (2.53%) Derivative
4 2 (2.53%) SWIFT
4 2 (2.53%) Visualisation
5 1 (1.27%) Data Centre
5 1 (1.27%) Data Integration
5 1 (1.27%) Equity Derivative
5 1 (1.27%) Fintech
5 1 (1.27%) Fixed Income
5 1 (1.27%) Learning Management System
5 1 (1.27%) Mainframe
5 1 (1.27%) Market Risk
5 1 (1.27%) Mathematics
5 1 (1.27%) Reference Data
5 1 (1.27%) Replication
5 1 (1.27%) User Experience
Operating Systems
1 11 (13.92%) Windows
2 7 (8.86%) Linux
3 3 (3.80%) Unix
3 3 (3.80%) Windows 7
4 2 (2.53%) AIX
5 1 (1.27%) Windows Server
5 1 (1.27%) Windows Server 2003
Processes & Methodologies
1 21 (26.58%) Agile Software Development
2 15 (18.99%) Stakeholder Management
3 12 (15.19%) Project Management
4 11 (13.92%) TDD
5 7 (8.86%) BDD
5 7 (8.86%) Business Analysis
5 7 (8.86%) Scrum
5 7 (8.86%) Software Engineering
6 6 (7.59%) Change Management
6 6 (7.59%) Multithreading
6 6 (7.59%) PRINCE2
6 6 (7.59%) SDLC
7 5 (6.33%) Data Management
7 5 (6.33%) Data Modelling
7 5 (6.33%) DevOps
7 5 (6.33%) Migration
7 5 (6.33%) Performance Tuning
8 4 (5.06%) ITIL
8 4 (5.06%) MVC
8 4 (5.06%) UML
Programming Languages
1 20 (25.32%) Java
2 16 (20.25%) SQL
3 8 (10.13%) C#
4 7 (8.86%) C++
5 5 (6.33%) Shell Script
6 4 (5.06%) Perl
6 4 (5.06%) Scala
7 3 (3.80%) JavaScript
7 3 (3.80%) Tcl
8 2 (2.53%) C
8 2 (2.53%) Python
8 2 (2.53%) VB
9 1 (1.27%) PHP
9 1 (1.27%) Ruby
9 1 (1.27%) VB.NET
9 1 (1.27%) VC++
9 1 (1.27%) XAML
Qualifications
1 5 (6.33%) Degree
1 5 (6.33%) PMI Certification
2 1 (1.27%) ISEB
2 1 (1.27%) ISTQB
2 1 (1.27%) MCP
2 1 (1.27%) MCSE
2 1 (1.27%) Microsoft Certification
Quality Assurance & Compliance
1 2 (2.53%) Dodd-Frank
1 2 (2.53%) FATCA
1 2 (2.53%) QA
1 2 (2.53%) Sarbanes-Oxley
2 1 (1.27%) Data Quality
2 1 (1.27%) EMIR
2 1 (1.27%) MiFID
2 1 (1.27%) SDET
System Software
1 3 (3.80%) HDFS
2 2 (2.53%) Active Directory
2 2 (2.53%) Docker
Systems Management
1 2 (2.53%) Ansible
1 2 (2.53%) Opscode Chef
1 2 (2.53%) Puppet
2 1 (1.27%) Control-M
2 1 (1.27%) HP Quality Center
2 1 (1.27%) Tivoli
Vendors
1 8 (10.13%) Microsoft
2 3 (3.80%) Fidessa
2 3 (3.80%) IBM
3 2 (2.53%) Google
3 2 (2.53%) Pega
3 2 (2.53%) Sybase
3 2 (2.53%) TIBCO
4 1 (1.27%) Bloomberg
4 1 (1.27%) HP
4 1 (1.27%) Informatica
4 1 (1.27%) Infragistics
4 1 (1.27%) Lotus
4 1 (1.27%) MuleSoft
4 1 (1.27%) Oracle
4 1 (1.27%) Reuters
4 1 (1.27%) ServiceNow
4 1 (1.27%) Teradata