The 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 3 August 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
3 Aug 2015
Same period 2014 Same period 2013
Investment Banking
Rank 20 19 9
Rank change year-on-year
-1 -10
Contract jobs citing Investment Banking 9 3 52
As % of all contract IT jobs located in Canary Wharf 4.66% 2.48% 18.64%
As % of the General category 6.62% 3.26% 25.24%
Number of daily rates quoted 6 1 41
Average daily rate
Keep up to 90%
of your Daily Rate
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£400 £575 £600
Average daily rate % change year-on-year
-30.43% -4.16%
90% offered a daily rate of more than £275 £575 £400
10% offered a daily rate of more than £650 £575 £650
UK excluding London average daily rate £425 £400 £425
% change year-on-year
+6.31% -5.88%
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - £175.00 £19.00
% change year-on-year
- +821.05%
Investment 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
136 92 206
As % of all contract IT jobs located in Canary Wharf 70.47% 76.03% 73.84%
Number of daily rates quoted 93 34 165
Average daily rate £450 £450 £541
Average daily rate % change year-on-year
- -16.85%
90% offered a daily rate of more than £275 £288 £313
10% offered a daily rate of more than £550 £605 £700
UK excluding London average daily rate £395 £388 £388
% change year-on-year
+1.93% -
Number of hourly rates quoted 1 7 2
Average hourly rate £35.75 £18.00 £22.50
Average hourly rate % change year-on-year
+98.61% -20.00%
UK excluding London average hourly rate £22.50 £22.00 £22.50
% change year-on-year
+2.27% -2.22%

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 3 August 2015.

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 3 August 2015, 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 33 (100.00%) Banking
2 18 (54.55%) Finance
3 14 (42.42%) Agile Software Development
4 11 (33.33%) SQL
4 11 (33.33%) SDLC
5 10 (30.30%) Front Office
6 9 (27.27%) Degree
7 7 (21.21%) Java
7 7 (21.21%) UNIX
7 7 (21.21%) Analytical Skills
8 6 (18.18%) Analytics
8 6 (18.18%) QA
8 6 (18.18%) Migration
9 5 (15.15%) Derivative
9 5 (15.15%) Credit Risk
9 5 (15.15%) C#
9 5 (15.15%) .NET
9 5 (15.15%) Risk Management
10 4 (12.12%) C++
10 4 (12.12%) Test Management
10 4 (12.12%) Multithreading
10 4 (12.12%) Business Analysis
10 4 (12.12%) Stakeholder Management
10 4 (12.12%) Test Automation
11 3 (9.09%) Visualisation
11 3 (9.09%) Open Source
11 3 (9.09%) Equities
11 3 (9.09%) TDD
11 3 (9.09%) Pega
11 3 (9.09%) Apache Flex

Investment Banking
Top Related IT Skills in Canary Wharf by Category

For the 6 months to 3 August 2015, 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 1 (3.03%) WebSphere Application Server
1 1 (3.03%) CICS
1 1 (3.03%) WebSphere
1 1 (3.03%) Oracle Coherence
1 1 (3.03%) Apache Spark
Applications
1 2 (6.06%) MS Excel
1 2 (6.06%) MS Visio
1 2 (6.06%) MS PowerPoint
2 1 (3.03%) MS Project
2 1 (3.03%) MS Office
Business Applications
1 1 (3.03%) Summit
Cloud Services
1 2 (6.06%) IBM Blueworks
Communications & Networking
1 3 (9.09%) FTP
2 1 (3.03%) Firewall
Database & Business Intelligence
1 3 (9.09%) BusinessObjects
2 1 (3.03%) Spotfire
2 1 (3.03%) QlikView
2 1 (3.03%) SQL Server 2008
2 1 (3.03%) Hadoop
2 1 (3.03%) Big Data
2 1 (3.03%) Oracle Database
2 1 (3.03%) Relational Database
2 1 (3.03%) SQL Server
2 1 (3.03%) DB2
2 1 (3.03%) Data Mining
Development Applications
1 3 (9.09%) JIRA
2 2 (6.06%) Selenium
2 2 (6.06%) Rational Rose
2 2 (6.06%) Cucumber
3 1 (3.03%) Maven
3 1 (3.03%) Git (software)
General
1 33 (100.00%) Banking
2 18 (54.55%) Finance
3 10 (30.30%) Front Office
4 3 (9.09%) Back Office
5 2 (6.06%) Legal
6 1 (3.03%) Publishing
6 1 (3.03%) Retail
6 1 (3.03%) Financial Institution
Job Titles
1 13 (39.39%) Developer
2 5 (15.15%) Analyst
2 5 (15.15%) Architect
2 5 (15.15%) Business Analyst
2 5 (15.15%) Solutions Architect
2 5 (15.15%) Java Developer
3 4 (12.12%) Test Manager
4 3 (9.09%) Project Manager
4 3 (9.09%) C# Developer
5 2 (6.06%) Agile Business Analyst
6 1 (3.03%) Market Data Engineer
6 1 (3.03%) C# .NET Developer
6 1 (3.03%) Lead Solutions Architect
6 1 (3.03%) Big Data Developer
6 1 (3.03%) Core Java Developer
6 1 (3.03%) Programme Manager
6 1 (3.03%) Development Manager
6 1 (3.03%) Senior Manager
6 1 (3.03%) Front Office Developer
6 1 (3.03%) Senior Developer
Libraries, Frameworks & Software Standards
1 5 (15.15%) .NET
2 3 (9.09%) Apache Flex
3 2 (6.06%) JSF
4 1 (3.03%) .NET Framework
4 1 (3.03%) J2SE
4 1 (3.03%) Spring
4 1 (3.03%) HTML5
4 1 (3.03%) Kafka
4 1 (3.03%) HTML
Miscellaneous
1 7 (21.21%) Analytical Skills
2 5 (15.15%) Derivative
2 5 (15.15%) Credit Risk
3 3 (9.09%) Equities
3 3 (9.09%) Visualisation
3 3 (9.09%) N-Tier
4 2 (6.06%) Mainframe
4 2 (6.06%) Interest Rate Derivative
4 2 (6.06%) Market Risk
5 1 (3.03%) IBM Mainframe
5 1 (3.03%) Reference Data
5 1 (3.03%) Data Integration
5 1 (3.03%) Hedge funds
5 1 (3.03%) Cryptography
5 1 (3.03%) Equity Derivative
5 1 (3.03%) Computer Science
5 1 (3.03%) Management Information System
5 1 (3.03%) Foreign Exchange (FX)
Operating Systems
1 7 (21.21%) UNIX
2 3 (9.09%) Linux
3 1 (3.03%) Windows
3 1 (3.03%) AIX
Processes & Methodologies
1 14 (42.42%) Agile Software Development
2 11 (33.33%) SDLC
3 6 (18.18%) Analytics
3 6 (18.18%) Migration
4 5 (15.15%) Risk Management
5 4 (12.12%) Stakeholder Management
5 4 (12.12%) Business Analysis
5 4 (12.12%) Test Management
5 4 (12.12%) Multithreading
5 4 (12.12%) Test Automation
6 3 (9.09%) TDD
6 3 (9.09%) OOP
6 3 (9.09%) OO
6 3 (9.09%) Open Source
7 2 (6.06%) Test Strategy
7 2 (6.06%) Mentoring
7 2 (6.06%) SOA
7 2 (6.06%) Scrum
7 2 (6.06%) UML
7 2 (6.06%) Investment Management
Programming Languages
1 11 (33.33%) SQL
2 7 (21.21%) Java
3 5 (15.15%) C#
4 4 (12.12%) C++
5 3 (9.09%) Shell Script
5 3 (9.09%) C
6 2 (6.06%) Python
6 2 (6.06%) Perl
7 1 (3.03%) PL/SQL
7 1 (3.03%) COBOL
7 1 (3.03%) JCL
7 1 (3.03%) Scala
7 1 (3.03%) R
Qualifications
1 9 (27.27%) Degree
2 1 (3.03%) ISEB
2 1 (3.03%) ISTQB
Quality Assurance & Compliance
1 6 (18.18%) QA
Systems Management
1 1 (3.03%) HP Quality Center
Vendors
1 3 (9.09%) Pega
2 2 (6.06%) Oracle
2 2 (6.06%) IBM
3 1 (3.03%) Microsoft
3 1 (3.03%) Murex
3 1 (3.03%) Calypso
3 1 (3.03%) Fidessa
3 1 (3.03%) Informatica
3 1 (3.03%) Reuters
3 1 (3.03%) Bloomberg
3 1 (3.03%) Actimize
3 1 (3.03%) Solace
3 1 (3.03%) Blue Prism