The first table below looks at the prevalence of the term Investment 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 Investment Banking over the 3 months to 18 April 2014 with a comparison to the same period in the previous 2 years. The second table is for comparison and provides aggregates for all terms in our General category for the Canary Wharf region.

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
18 Apr 2014
Same period 2013 Same period 2012
Investment Banking
Rank 16 4 3
Rank change year-on-year
-12 -1
Contract jobs citing Investment Banking 8 99 124
As % of all contract IT jobs located in Canary Wharf 5.19% 27.97% 31.31%
As % of the General category 7.48% 34.98% 45.93%
Number of daily rates quoted 6 75 102
Average daily rate £638 £575 £550
Average daily rate % change year-on-year
+10.86% +4.54%
90% offered a daily rate of more than £425 £475 £428
10% offered a daily rate of more than £675 £700 £650
UK excluding London average daily rate £423 £400 £400
% change year-on-year
+5.62% -
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - £14.75 £25.00
% change year-on-year
- -41.00%
General Category
Canary Wharf
Contract IT job ads with a match in the
General category
107 283 270
As % of all contract IT jobs located in Canary Wharf 69.48% 79.94% 68.18%
Number of daily rates quoted 76 231 177
Average daily rate £500 £575 £550
Average daily rate % change year-on-year
-13.04% +4.54%
90% offered a daily rate of more than £229 £371 £433
10% offered a daily rate of more than £625 £700 £650
UK excluding London average daily rate £380 £375 £375
% change year-on-year
+1.33% -
Number of hourly rates quoted 5 1 2
Average hourly rate £28.00 £42.50 £35.00
Average hourly rate % change year-on-year
-34.11% +21.42%
UK excluding London average hourly rate £25.00 £27.00 £25.00
% change year-on-year
-7.40% +8.00%
Investment Banking
London

Investment Banking
Jobs Demand Trend in Canary Wharf

This chart provides a 3-month moving total of IT contractor jobs citing Investment Banking across the Canary Wharf region as a proportion of the total demand within the General category.

Investment Banking Jobs Demand Trend in Canary Wharf

Investment Banking
Daily Rate Trend in Canary Wharf

This chart provides the 3-month moving average for daily rates quoted in IT contract jobs citing Investment Banking across the Canary Wharf region.

Investment Banking Daily Rate Trend in Canary Wharf

Investment Banking
Daily Rate Histogram in Canary Wharf

This chart provides a histogram of daily rates quoted in contract IT jobs citing Investment Banking across the Canary Wharf region over the 3 months to 18 April 2014.

Investment Banking Daily Rate Histogram in Canary Wharf

Investment Banking
Hourly Rate Trend in Canary Wharf

This chart provides the 3-month moving average for hourly rates quoted in IT contractor jobs citing Investment Banking across the Canary Wharf region.

Investment Banking Hourly Rate Trend in Canary Wharf

Investment Banking
Top 30 Related IT Skills in Canary Wharf

For the 6 months to 18 April 2014, IT contractor jobs across the Canary Wharf region citing Investment 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 Investment Banking.

1 38 (100.00%) Banking
2 19 (50.00%) Java
3 12 (31.58%) SQL
4 7 (18.42%) Finance
4 7 (18.42%) Hibernate
4 7 (18.42%) Derivative
4 7 (18.42%) Multithreading
5 6 (15.79%) Guice
5 6 (15.79%) Scala
5 6 (15.79%) Hadoop
5 6 (15.79%) Open Source
5 6 (15.79%) RabbitMQ
5 6 (15.79%) GemFire
5 6 (15.79%) Guava
5 6 (15.79%) Enterprise Software
5 6 (15.79%) Akka
5 6 (15.79%) Low Latency
5 6 (15.79%) Platform Symphony
5 6 (15.79%) Spring
5 6 (15.79%) OOD
5 6 (15.79%) UNIX
5 6 (15.79%) OOP
5 6 (15.79%) OO
6 5 (13.16%) Oracle
6 5 (13.16%) Front Office
7 4 (10.53%) Foreign Exchange (FX)
7 4 (10.53%) SQL Server
7 4 (10.53%) PL/SQL
8 3 (7.89%) Equity Derivative
8 3 (7.89%) WebSphere

Investment Banking
Top Related IT Skills in Canary Wharf by Category

For the 6 months to 18 April 2014, IT contractor jobs across the Canary Wharf region citing Investment 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 Investment Banking. Up to 20 skills are shown per category.

Application Platforms
1 6 (15.79%) GemFire
2 3 (7.89%) WebSphere
3 1 (2.63%) Oracle Coherence
3 1 (2.63%) WebLogic
Applications
1 1 (2.63%) MS Excel
Database & Business Intelligence
1 6 (15.79%) Hadoop
2 4 (10.53%) SQL Server
3 3 (7.89%) KDB
4 2 (5.26%) Data Warehouse
4 2 (5.26%) QlikView
5 1 (2.63%) SQL Server Reporting Services
5 1 (2.63%) SQL Server Analysis Services
5 1 (2.63%) DB2
Development Applications
1 1 (2.63%) Maven
1 1 (2.63%) TestNG
1 1 (2.63%) Build Forge
1 1 (2.63%) JUnit
1 1 (2.63%) Toad
General
1 38 (100.00%) Banking
2 7 (18.42%) Finance
3 5 (13.16%) Front Office
4 2 (5.26%) Back Office
Job Titles
1 15 (39.47%) Developer
2 10 (26.32%) Java Developer
3 6 (15.79%) Analyst
4 4 (10.53%) Business Analyst
5 2 (5.26%) Consultant
5 2 (5.26%) Senior Developer
5 2 (5.26%) Applications Support
5 2 (5.26%) Oracle Developer
5 2 (5.26%) WPF Developer
5 2 (5.26%) Compliance Consultant
5 2 (5.26%) Investment Banking Business Analyst
5 2 (5.26%) MI Analyst
6 1 (2.63%) Service Manager
6 1 (2.63%) Report Analyst
6 1 (2.63%) SQL Database Developer
6 1 (2.63%) Applications Manager
6 1 (2.63%) GUI Developer
6 1 (2.63%) UAT Test Manager
6 1 (2.63%) Banking Business Analyst
6 1 (2.63%) Production Manager
Libraries, Frameworks & Software Standards
1 7 (18.42%) Hibernate
2 6 (15.79%) Guice
2 6 (15.79%) RabbitMQ
2 6 (15.79%) Guava
2 6 (15.79%) Akka
2 6 (15.79%) Spring
3 3 (7.89%) HTML
3 3 (7.89%) XML
4 2 (5.26%) CGI
4 2 (5.26%) .NET
4 2 (5.26%) WPF
5 1 (2.63%) Ajax
5 1 (2.63%) jQuery
5 1 (2.63%) .NET Framework
5 1 (2.63%) HTML5
5 1 (2.63%) WCF
5 1 (2.63%) Ext JS
5 1 (2.63%) Ehcache
5 1 (2.63%) JSP
5 1 (2.63%) Servlets
Miscellaneous
1 7 (18.42%) Derivative
2 6 (15.79%) Open Source
2 6 (15.79%) Enterprise Software
3 4 (10.53%) Foreign Exchange (FX)
4 3 (7.89%) Equity Derivative
4 3 (7.89%) Computer Science
4 3 (7.89%) Data Integration
5 2 (5.26%) Reference Data
5 2 (5.26%) Fixed Income
5 2 (5.26%) Equities
6 1 (2.63%) Interest Rate Derivative
6 1 (2.63%) Management Information System
6 1 (2.63%) PMI
Operating Systems
1 6 (15.79%) UNIX
2 3 (7.89%) Linux
3 1 (2.63%) Windows
Processes & Methodologies
1 7 (18.42%) Multithreading
2 6 (15.79%) Low Latency
2 6 (15.79%) OOD
2 6 (15.79%) OOP
2 6 (15.79%) OO
3 3 (7.89%) Data Modelling
3 3 (7.89%) Business Intelligence
4 2 (5.26%) ITIL
4 2 (5.26%) User Acceptance Testing
4 2 (5.26%) Unit Testing
4 2 (5.26%) Performance Tuning
5 1 (2.63%) Programme Management
5 1 (2.63%) Data Analysis
5 1 (2.63%) Incident Management
5 1 (2.63%) Software Engineering
5 1 (2.63%) Systems Analysis
5 1 (2.63%) Business Analysis
5 1 (2.63%) Release Management
5 1 (2.63%) Project Planning
5 1 (2.63%) Technical Architecture
Programming Languages
1 19 (50.00%) Java
2 12 (31.58%) SQL
3 6 (15.79%) Scala
4 4 (10.53%) PL/SQL
5 3 (7.89%) Perl
5 3 (7.89%) C#
6 2 (5.26%) T-SQL
6 2 (5.26%) VB
6 2 (5.26%) Korn
7 1 (2.63%) Ruby
7 1 (2.63%) Python
7 1 (2.63%) VBA
7 1 (2.63%) Shell Script
Qualifications
1 2 (5.26%) Degree
2 1 (2.63%) PMI Certification
Quality Assurance & Compliance
1 2 (5.26%) EMIR
1 2 (5.26%) Dodd-Frank
1 2 (5.26%) MiFID
2 1 (2.63%) Basel III
System Software
1 6 (15.79%) Platform Symphony
Vendors
1 5 (13.16%) Oracle
2 2 (5.26%) Sun
2 2 (5.26%) Sybase
2 2 (5.26%) Business Objects
2 2 (5.26%) Cognos
3 1 (2.63%) ION Trading
3 1 (2.63%) Sencha
3 1 (2.63%) Microsoft