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 7 July 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
7 Jul 2015
Same period 2014 Same period 2013
Banking
Rank 7 5 3
Rank change year-on-year
-2 -2
Contract jobs citing Banking 26 17 112
As % of all contract IT jobs located in Canary Wharf 14.94% 16.83% 33.73%
As % of the General category 19.85% 22.97% 43.08%
Number of daily rates quoted 24 11 93
Average daily rate
Keep up to 90%
of your Daily Rate
Get a Free Illustration
£525 £550 £525
Average daily rate % change year-on-year
-4.54% +4.76%
90% offered a daily rate of more than £348 £375 £400
10% offered a daily rate of more than £635 £625 £650
UK excluding London average daily rate £400 £400 £400
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate £11.97 £20.75 £20.75
% change year-on-year
-42.31% -
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
131 74 260
As % of all contract IT jobs located in Canary Wharf 75.29% 73.27% 78.31%
Number of daily rates quoted 95 36 214
Average daily rate £475 £475 £525
Average daily rate % change year-on-year
- -9.52%
90% offered a daily rate of more than £313 £215 £315
10% offered a daily rate of more than £600 £625 £650
UK excluding London average daily rate £400 £378 £380
% change year-on-year
+5.96% -0.65%
Number of hourly rates quoted 3 7 2
Average hourly rate £12.50 £18.00 £22.50
Average hourly rate % change year-on-year
-30.55% -20.00%
UK excluding London average hourly rate £22.50 £22.50 £23.11
% change year-on-year
- -2.61%

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 7 July 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 7 July 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 33 (55.93%) Finance
2 31 (52.54%) Investment Banking
3 18 (30.51%) Agile Software Development
4 14 (23.73%) Front Office
4 14 (23.73%) SQL
5 12 (20.34%) UNIX
5 12 (20.34%) Degree
6 10 (16.95%) Java
6 10 (16.95%) SDLC
7 9 (15.25%) Analytical Skills
7 9 (15.25%) Retail
8 8 (13.56%) Risk Management
8 8 (13.56%) Stakeholder Management
9 7 (11.86%) .NET
9 7 (11.86%) Analytics
10 6 (10.17%) Data Centre
10 6 (10.17%) QA
10 6 (10.17%) Perl
10 6 (10.17%) CSS
10 6 (10.17%) Shell Script
10 6 (10.17%) Migration
10 6 (10.17%) Derivative
11 5 (8.47%) Legal
11 5 (8.47%) Scrum
11 5 (8.47%) Equities
11 5 (8.47%) SQL Server
11 5 (8.47%) C#
11 5 (8.47%) HTML
11 5 (8.47%) Credit Risk
11 5 (8.47%) Investment Management

Banking
Top Related IT Skills in Canary Wharf by Category

For the 6 months to 7 July 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 (3.39%) WebSphere
2 1 (1.69%) Oracle Coherence
2 1 (1.69%) Apache Spark
2 1 (1.69%) WebSphere Application Server
2 1 (1.69%) CICS
Applications
1 2 (3.39%) Photoshop
1 2 (3.39%) MS Excel
1 2 (3.39%) MS Visio
1 2 (3.39%) MS PowerPoint
2 1 (1.69%) MS Project
2 1 (1.69%) MS Office
Business Applications
1 3 (5.08%) Global One
2 2 (3.39%) WebTrends
3 1 (1.69%) Summit
Cloud Services
1 2 (3.39%) Adobe Analytics
2 1 (1.69%) IBM Blueworks
Communications & Networking
1 3 (5.08%) FTP
2 1 (1.69%) Firewall
Database & Business Intelligence
1 5 (8.47%) SQL Server
2 3 (5.08%) UniData
2 3 (5.08%) Oracle Database
3 2 (3.39%) Hadoop
3 2 (3.39%) Big Data
4 1 (1.69%) Relational Database
4 1 (1.69%) SQL Server Reporting Services
4 1 (1.69%) SQL Server Integration Services
4 1 (1.69%) Oracle Database 11g
4 1 (1.69%) SQL Server Analysis Services
4 1 (1.69%) SQL Server 2008
4 1 (1.69%) DB2
4 1 (1.69%) Data Mining
4 1 (1.69%) SQLPlus
Development Applications
1 4 (6.78%) Selenium
2 3 (5.08%) JIRA
3 2 (3.39%) Cucumber
4 1 (1.69%) Git (software)
4 1 (1.69%) Rational Rose
4 1 (1.69%) Maven
General
1 33 (55.93%) Finance
2 31 (52.54%) Investment Banking
3 14 (23.73%) Front Office
4 9 (15.25%) Retail
5 5 (8.47%) Legal
6 3 (5.08%) Retail Banking
7 2 (3.39%) Back Office
8 1 (1.69%) Publishing
8 1 (1.69%) Corporate Banking
8 1 (1.69%) Financial Institution
Job Titles
1 21 (35.59%) Developer
2 11 (18.64%) Analyst
3 8 (13.56%) Business Analyst
4 7 (11.86%) Architect
5 6 (10.17%) Solutions Architect
6 5 (8.47%) Test Manager
6 5 (8.47%) Java Developer
7 4 (6.78%) Project Manager
8 3 (5.08%) Front-End Developer
8 3 (5.08%) C# Developer
9 2 (3.39%) Agile Business Analyst
9 2 (3.39%) Production Manager
9 2 (3.39%) Selenium Tester
9 2 (3.39%) Tester
9 2 (3.39%) Risk Analyst
10 1 (1.69%) Senior Test Manager
10 1 (1.69%) Business Project Manager
10 1 (1.69%) Technical Business Analyst
10 1 (1.69%) Mainframe Developer
10 1 (1.69%) Business Manager
Libraries, Frameworks & Software Standards
1 7 (11.86%) .NET
2 6 (10.17%) CSS
3 5 (8.47%) HTML
4 3 (5.08%) Apache Flex
4 3 (5.08%) HTML5
5 2 (3.39%) CSS3
5 2 (3.39%) jQuery
5 2 (3.39%) XHTML
5 2 (3.39%) JSF
6 1 (1.69%) .NET Framework
6 1 (1.69%) Dojo
6 1 (1.69%) ASP.NET
6 1 (1.69%) J2SE
6 1 (1.69%) Middleware
6 1 (1.69%) Spring
6 1 (1.69%) WCF
6 1 (1.69%) Kafka
Miscellaneous
1 9 (15.25%) Analytical Skills
2 6 (10.17%) Data Centre
2 6 (10.17%) Derivative
3 5 (8.47%) Credit Risk
3 5 (8.47%) Equities
4 3 (5.08%) Visualisation
4 3 (5.08%) Market Risk
4 3 (5.08%) Interest Rate Derivative
4 3 (5.08%) N-Tier
5 2 (3.39%) Mainframe
5 2 (3.39%) Equity Derivative
6 1 (1.69%) Online Banking
6 1 (1.69%) Computer Science
6 1 (1.69%) Management Information System
6 1 (1.69%) Foreign Exchange (FX)
6 1 (1.69%) IBM Mainframe
6 1 (1.69%) Reference Data
6 1 (1.69%) Data Integration
6 1 (1.69%) Hedge funds
6 1 (1.69%) Enterprise Software
Operating Systems
1 12 (20.34%) UNIX
2 4 (6.78%) Linux
3 2 (3.39%) Windows
4 1 (1.69%) AIX
Processes & Methodologies
1 18 (30.51%) Agile Software Development
2 10 (16.95%) SDLC
3 8 (13.56%) Stakeholder Management
3 8 (13.56%) Risk Management
4 7 (11.86%) Analytics
5 6 (10.17%) Migration
6 5 (8.47%) Scrum
6 5 (8.47%) Investment Management
6 5 (8.47%) Test Automation
7 4 (6.78%) Waterfall
7 4 (6.78%) Multithreading
7 4 (6.78%) Use Case
7 4 (6.78%) User Acceptance Testing
7 4 (6.78%) Test Management
7 4 (6.78%) Project Management
8 3 (5.08%) Change Management
8 3 (5.08%) OOP
8 3 (5.08%) OO
8 3 (5.08%) E-Commerce
8 3 (5.08%) TDD
Programming Languages
1 14 (23.73%) SQL
2 10 (16.95%) Java
3 6 (10.17%) Perl
3 6 (10.17%) Shell Script
4 5 (8.47%) C#
5 4 (6.78%) C++
5 4 (6.78%) JavaScript
6 3 (5.08%) VBA
6 3 (5.08%) UniBasic
6 3 (5.08%) C
7 2 (3.39%) Python
7 2 (3.39%) PL/SQL
8 1 (1.69%) VBScript
8 1 (1.69%) COBOL
8 1 (1.69%) JCL
8 1 (1.69%) Scala
8 1 (1.69%) R
Qualifications
1 12 (20.34%) Degree
2 1 (1.69%) ISEB
2 1 (1.69%) CISSP
2 1 (1.69%) CISA
2 1 (1.69%) CISM
2 1 (1.69%) ISTQB
Quality Assurance & Compliance
1 6 (10.17%) QA
2 1 (1.69%) ISO/IEC 27001
Systems Management
1 1 (1.69%) HP Quality Center
Vendors
1 4 (6.78%) Oracle
2 3 (5.08%) IBM
2 3 (5.08%) SunGard
2 3 (5.08%) Pega
3 2 (3.39%) Adobe
4 1 (1.69%) Murex
4 1 (1.69%) Calypso
4 1 (1.69%) Fidessa
4 1 (1.69%) Microsoft
4 1 (1.69%) Business Objects
4 1 (1.69%) Cisco
4 1 (1.69%) Cyber-Ark
4 1 (1.69%) Solace
4 1 (1.69%) Blue Prism
4 1 (1.69%) Informatica
4 1 (1.69%) CheckPoint
4 1 (1.69%) Reuters
4 1 (1.69%) Bloomberg
4 1 (1.69%) Actimize
4 1 (1.69%) Avaloq