Banking Contracts in the City of London

Banking
Central London > City of London

The table below looks at the prevalence of the term Banking in contract job vacancies advertised in the City of London. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Banking over the 6 months to 3 May 2024 with a comparison to the same period over the previous 2 years.

6 months to
3 May 2024
Same period 2023 Same period 2022
Rank 11 10 12
Rank change year-on-year -1 +2 -4
Contract jobs citing Banking 243 487 497
As % of all contract jobs advertised in the City of London 11.14% 13.38% 11.73%
As % of the General category 16.79% 21.41% 20.45%
Number of daily rates quoted 183 384 345
10th Percentile £350 £463 £413
25th Percentile £510 £538 £525
Median daily rate (50th Percentile) £590 £675 £650
Median % change year-on-year -12.59% +3.85% +11.11%
75th Percentile £725 £775 £750
90th Percentile £873 £888 £853
Central London median daily rate £600 £675 £650
% change year-on-year -11.11% +3.85% +11.11%
Number of hourly rates quoted 1 2 4
10th Percentile - - -
25th Percentile - - -
Median hourly rate £27.00 £21.00 £21.00
Median % change year-on-year +28.57% - -8.70%
75th Percentile - - £35.13
90th Percentile - - £60.55
Central London median hourly rate £27.00 £21.00 £21.00
% change year-on-year +28.57% - +12.10%

All General Skills
City of London

Banking is in the General Skills category. The following table is for comparison with the above and provides summary statistics for all contract job vacancies advertised in the City of London with a requirement for common skills.

Contract vacancies with a requirement for common skills 1,447 2,275 2,430
As % of all contract IT jobs advertised in the City of London 66.32% 62.50% 57.35%
Number of daily rates quoted 1,029 1,601 1,771
10th Percentile £338 £363 £350
25th Percentile £450 £500 £475
Median daily rate (50th Percentile) £575 £605 £575
Median % change year-on-year -4.96% +5.22% +4.55%
75th Percentile £695 £738 £681
90th Percentile £825 £825 £775
Central London median daily rate £553 £600 £570
% change year-on-year -7.92% +5.26% +6.05%
Number of hourly rates quoted 9 13 26
10th Percentile £19.13 £15.10 £18.50
25th Percentile £20.22 £16.61 £21.00
Median hourly rate £24.00 £21.00 £44.50
Median % change year-on-year +14.29% -52.81% +154.29%
75th Percentile £27.00 £53.75 £61.00
90th Percentile £32.05 £58.75 £68.75
Central London median hourly rate £24.00 £35.00 £44.50
% change year-on-year -31.43% -21.35% +122.50%

Banking
Job Vacancy Trend in the City of London

Job postings citing Banking as a proportion of all IT jobs advertised in the City of London.

Job vacancy trend for Banking in the City of London

Banking
Contractor Daily Rate Trend in the City of London

3-month moving average daily rate quoted in jobs citing Banking in the City of London.

Daily rate trend for Banking in the City of London

Banking
Daily Rate Histogram in the City of London

Daily rate distribution for jobs citing Banking in the City of London over the 6 months to 3 May 2024.

Daily rate histogram for Banking in the City of London

Banking
Contractor Hourly Rate Trend in the City of London

3-month moving average hourly rates quoted in jobs citing Banking in the City of London.

Hourly rate trend for Banking in the City of London

Banking
Co-occurring Skills and Capabilities in the City of London by Category

The follow tables expand on the table above by listing co-occurrences grouped by category. The same employment type, locality and period is covered with up to 20 co-occurrences shown in each of the following categories:

Application Platforms
1 25 (10.29%) Microsoft Exchange
2 20 (8.23%) SharePoint
3 5 (2.06%) SAS
4 4 (1.65%) Apache
5 3 (1.23%) Adobe Experience Manager
5 3 (1.23%) Apache Spark
5 3 (1.23%) Tomcat
6 2 (0.82%) CMS
6 2 (0.82%) Confluence
6 2 (0.82%) JBoss
6 2 (0.82%) nginx
7 1 (0.41%) Appian
7 1 (0.41%) BizTalk Server
7 1 (0.41%) Headless CMS
7 1 (0.41%) IIS
7 1 (0.41%) Tornado
7 1 (0.41%) WebSphere
Applications
1 10 (4.12%) Microsoft Excel
2 8 (3.29%) Microsoft PowerPoint
2 8 (3.29%) Microsoft Project
3 6 (2.47%) MS Visio
4 5 (2.06%) Microsoft Office
5 1 (0.41%) Chatbot
Business Applications
1 3 (1.23%) Dynamics CRM
2 2 (0.82%) Fidessa
2 2 (0.82%) Temenos T24
3 1 (0.41%) Adobe Campaign
3 1 (0.41%) Advent Geneva
3 1 (0.41%) Front Arena
3 1 (0.41%) SAP ERP
3 1 (0.41%) SAP S/4HANA
3 1 (0.41%) Summit
Cloud Services
1 38 (15.64%) Azure
2 23 (9.47%) AWS
3 12 (4.94%) Microsoft 365
3 12 (4.94%) Power Platform
4 11 (4.53%) Microsoft Purview
5 8 (3.29%) GCP
6 6 (2.47%) OneDrive
7 5 (2.06%) Power Automate
8 4 (1.65%) Collibra
8 4 (1.65%) Dynamics 365
9 3 (1.23%) Amazon S3
9 3 (1.23%) Amazon SQS
9 3 (1.23%) Cloud Computing
9 3 (1.23%) PaaS
9 3 (1.23%) PowerApps
9 3 (1.23%) SaaS
10 2 (0.82%) Entra ID
10 2 (0.82%) IaaS
10 2 (0.82%) Kong
10 2 (0.82%) NuGet
Communications & Networking
1 24 (9.88%) Firewall
2 12 (4.94%) SAN
3 5 (2.06%) TCP/IP
4 4 (1.65%) FTP
4 4 (1.65%) HTTP
4 4 (1.65%) ICMP
4 4 (1.65%) POP3
4 4 (1.65%) SMTP
4 4 (1.65%) SSH
5 3 (1.23%) SD-WAN
5 3 (1.23%) WAN
6 2 (0.82%) DNS
6 2 (0.82%) SSL
7 1 (0.41%) Intranet
7 1 (0.41%) LAN
7 1 (0.41%) MPLS
7 1 (0.41%) Multicast
7 1 (0.41%) Network Security
7 1 (0.41%) WebEx
7 1 (0.41%) Wi-Fi
Database & Business Intelligence
1 18 (7.41%) SQL Server
2 10 (4.12%) Relational Database
3 7 (2.88%) Data Warehouse
3 7 (2.88%) KDB
4 6 (2.47%) Metadata
5 5 (2.06%) NoSQL
5 5 (2.06%) Power BI
6 4 (1.65%) Elasticsearch
7 3 (1.23%) MongoDB
7 3 (1.23%) MySQL
7 3 (1.23%) Tableau
8 2 (0.82%) Big Data
8 2 (0.82%) Data Mart
8 2 (0.82%) Oracle Database
8 2 (0.82%) RDBMS
8 2 (0.82%) SQL Server Integration Services
8 2 (0.82%) Sybase ASE
9 1 (0.41%) Apache Hive
9 1 (0.41%) Hadoop
9 1 (0.41%) SQL Server Analysis Services
Development Applications
1 11 (4.53%) Jenkins
1 11 (4.53%) TeamCity
2 10 (4.12%) Git
2 10 (4.12%) Selenium
3 7 (2.88%) JIRA
4 6 (2.47%) Bitbucket
5 5 (2.06%) Cucumber
5 5 (2.06%) GitLab
6 4 (1.65%) WebDriver
7 3 (1.23%) PHPUnit
7 3 (1.23%) Visual Studio
8 2 (0.82%) Appium
9 1 (0.41%) Babel
9 1 (0.41%) eggPlant
9 1 (0.41%) Postman
9 1 (0.41%) REST Assured
9 1 (0.41%) SOAtest
9 1 (0.41%) Sonatype Nexus
9 1 (0.41%) webpack
9 1 (0.41%) Zephyr
General
1 130 (53.50%) Finance
2 74 (30.45%) Investment Banking
3 56 (23.05%) Social Skills
4 24 (9.88%) Analytical Skills
5 23 (9.47%) Front Office
6 14 (5.76%) Legal
7 13 (5.35%) Financial Institution
8 11 (4.53%) International Banking
9 9 (3.70%) Retail Banking
10 8 (3.29%) Corporate Banking
10 8 (3.29%) Presentation Skills
10 8 (3.29%) Retail
11 7 (2.88%) Prime Brokerage
12 6 (2.47%) Back Office
13 5 (2.06%) Documentation Skills
14 4 (1.65%) Advertising
14 4 (1.65%) Organisational Skills
15 2 (0.82%) Public Speaking
16 1 (0.41%) Private Banking
16 1 (0.41%) Telecoms
Job Titles
1 55 (22.63%) Developer
2 49 (20.16%) Analyst
3 28 (11.52%) Architect
4 24 (9.88%) Business Analyst
5 23 (9.47%) Senior
6 16 (6.58%) Project Manager
7 15 (6.17%) Consultant
7 15 (6.17%) Data Analyst
8 14 (5.76%) Lead
9 13 (5.35%) Support Engineer
10 12 (4.94%) Java Developer
11 11 (4.53%) DevOps Engineer
12 10 (4.12%) Solutions Architect
13 9 (3.70%) C# Developer
13 9 (3.70%) Python Developer
14 8 (3.29%) Banking Analyst
14 8 (3.29%) Desktop Support
15 7 (2.88%) Senior Developer
15 7 (2.88%) Service Analyst
15 7 (2.88%) Tester
Libraries, Frameworks & Software Standards
1 19 (7.82%) .NET
2 9 (3.70%) Spring
3 8 (3.29%) CSS
4 7 (2.88%) React
4 7 (2.88%) Spring Boot
5 6 (2.47%) FIX Protocol
5 6 (2.47%) HTML
5 6 (2.47%) Node.js
5 6 (2.47%) RabbitMQ
6 5 (2.06%) .NET Core
6 5 (2.06%) RESTful
6 5 (2.06%) WCF
6 5 (2.06%) WinForms
7 4 (1.65%) .NET Framework
7 4 (1.65%) AngularJS
7 4 (1.65%) Elastic Stack
7 4 (1.65%) Kafka
7 4 (1.65%) Middleware
8 3 (1.23%) HTML5 Canvas
8 3 (1.23%) Microsoft Graph
Miscellaneous
1 12 (4.94%) Foreign Exchange (FX)
1 12 (4.94%) Video Conferencing
2 9 (3.70%) Derivative
2 9 (3.70%) Equities
3 8 (3.29%) PKI
4 7 (2.88%) Market Risk
5 5 (2.06%) Distributed Systems
5 5 (2.06%) Management Information System
5 5 (2.06%) Product Ownership
6 4 (1.65%) Security Posture
7 3 (1.23%) Algorithms
7 3 (1.23%) Fixed Income
7 3 (1.23%) Mobile App
7 3 (1.23%) Reinsurance
7 3 (1.23%) SWIFT Messaging Network
8 2 (0.82%) Cyber Threat
8 2 (0.82%) Interest Rate Derivative
8 2 (0.82%) Legacy Systems
8 2 (0.82%) Public Cloud
8 2 (0.82%) Reference Data
Operating Systems
1 34 (13.99%) Windows
2 14 (5.76%) Linux
3 12 (4.94%) Windows Server 2012
3 12 (4.94%) Windows Server 2016
4 11 (4.53%) Unix
5 4 (1.65%) Red Hat Enterprise Linux
6 2 (0.82%) Windows Server
7 1 (0.41%) Android
7 1 (0.41%) Apple iOS
Processes & Methodologies
1 46 (18.93%) Agile
2 28 (11.52%) Problem-Solving
3 26 (10.70%) Data Loss Prevention
4 25 (10.29%) Migration
5 24 (9.88%) DevOps
6 23 (9.47%) Stakeholder Management
7 22 (9.05%) Project Management
8 21 (8.64%) Cybersecurity
9 20 (8.23%) Microservices
10 19 (7.82%) Risk Management
11 18 (7.41%) CI/CD
12 17 (7.00%) Analytics
13 16 (6.58%) Test Automation
14 15 (6.17%) GAP Analysis
15 14 (5.76%) Computer Science
15 14 (5.76%) Disaster Recovery
15 14 (5.76%) ITIL
15 14 (5.76%) Software Engineering
16 13 (5.35%) User Acceptance Testing
16 13 (5.35%) Validation
Programming Languages
1 38 (15.64%) Java
2 37 (15.23%) SQL
3 33 (13.58%) C#
4 29 (11.93%) Python
5 18 (7.41%) PowerShell
6 13 (5.35%) JavaScript
7 10 (4.12%) C++
8 5 (2.06%) TypeScript
9 3 (1.23%) PHP
9 3 (1.23%) PL/SQL
10 2 (0.82%) Data Analysis Expressions
10 2 (0.82%) Go
10 2 (0.82%) Shell Script
10 2 (0.82%) T-SQL
11 1 (0.41%) Clojure
11 1 (0.41%) Haskell
11 1 (0.41%) Jython
11 1 (0.41%) R
11 1 (0.41%) Scala
11 1 (0.41%) VBScript
Qualifications
1 22 (9.05%) Degree
2 10 (4.12%) Computer Science Degree
2 10 (4.12%) ITIL Certification
3 3 (1.23%) SC Cleared
3 3 (1.23%) Security Cleared
4 2 (0.82%) CISA
4 2 (0.82%) CISM
4 2 (0.82%) CISSP
4 2 (0.82%) CRISC
4 2 (0.82%) FFIEC
4 2 (0.82%) PMP
5 1 (0.41%) Azure Certification
5 1 (0.41%) CAPM
5 1 (0.41%) ITIL Foundation Certificate
5 1 (0.41%) MCP
5 1 (0.41%) Microsoft Certification
5 1 (0.41%) PMI Certification
5 1 (0.41%) Tableau Certification
Quality Assurance & Compliance
1 11 (4.53%) QA
2 10 (4.12%) Data Quality
3 7 (2.88%) SLA
4 6 (2.47%) PMO
5 5 (2.06%) ISO/IEC 27001
6 3 (1.23%) NIST
7 2 (0.82%) ISO 20022
7 2 (0.82%) ISO/IEC 27002 (supersedes ISO/IEC 17799)
7 2 (0.82%) PCI DSS
7 2 (0.82%) Sarbanes-Oxley
8 1 (0.41%) Accessibility
8 1 (0.41%) COBIT
8 1 (0.41%) EMIR
8 1 (0.41%) GRC
8 1 (0.41%) MiFID
System Software
1 24 (9.88%) Active Directory
2 5 (2.06%) Docker
3 1 (0.41%) HDFS
Systems Management
1 13 (5.35%) SCCM
2 8 (3.29%) PingFederate
3 6 (2.47%) Kubernetes
3 6 (2.47%) Microsoft Intune
3 6 (2.47%) Terraform
4 4 (1.65%) Ansible
4 4 (1.65%) Kibana
4 4 (1.65%) logstash
4 4 (1.65%) QRadar
5 2 (0.82%) Puppet
5 2 (0.82%) Single Sign-On
6 1 (0.41%) CASB
Vendors
1 45 (18.52%) Microsoft
2 15 (6.17%) Cisco
2 15 (6.17%) Citrix
3 12 (4.94%) Avaya
3 12 (4.94%) CheckPoint
3 12 (4.94%) EMC
3 12 (4.94%) HP
4 9 (3.70%) Bloomberg
5 8 (3.29%) Oracle
6 6 (2.47%) ServiceNow
7 5 (2.06%) Google
7 5 (2.06%) IBM
7 5 (2.06%) Red Hat
8 4 (1.65%) ArcSight
8 4 (1.65%) Murex
8 4 (1.65%) Reuters
8 4 (1.65%) Splunk
9 3 (1.23%) Adobe
9 3 (1.23%) SAP
9 3 (1.23%) Sybase