The table below looks at the prevalence of the term Online Banking in IT contracts advertised for the City of London region. Included is a guide to the average contractor rates offered in IT contracts that have cited Online Banking over the 3 months to 13 February 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.

Location
3 months to
13 Feb 2016
Same period 2015 Same period 2014
Online Banking (Internet Banking)
Rank 135 183 191
Rank change year-on-year
+48 +8
Contract jobs citing Online Banking 8 7 15
As % of all contract IT jobs located in the City of London 0.26% 0.14% 0.25%
As % of the Miscellaneous category 0.65% 0.36% 0.65%
Number of daily rates quoted 4 7 12
Average daily rate £475 £460 £513
Average daily rate % change year-on-year
+3.26% -10.24%
90% offered a daily rate of more than £423 £380 £425
10% offered a daily rate of more than £948 £545 £650
UK excluding London average daily rate £403 £363 £463
% change year-on-year
+11.03% -21.62%
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
Online Banking
London

The following table is for comparison with the above and provides statistics for the entire Miscellaneous category in contract jobs advertised in the City of London region.

Miscellaneous Category
City of London
Contract IT job ads with a match in the
Miscellaneous category
1229 1962 2314
As % of all contract IT jobs located in the City of London 39.85% 38.68% 39.00%
Number of daily rates quoted 943 1541 1672
Average daily rate £500 £450 £500
Average daily rate % change year-on-year
+11.11% -10.00%
90% offered a daily rate of more than £300 £300 £275
10% offered a daily rate of more than £675 £625 £650
UK excluding London average daily rate £375 £375 £350
% change year-on-year
- +7.14%
Number of hourly rates quoted 28 30 39
Average hourly rate £19.99 £17.87 £22.44
Average hourly rate % change year-on-year
+11.89% -20.37%
90% offered a hourly rate of more than £12.90 £13.25 £16.05
10% offered a hourly rate of more than £35.60 £27.37 £42.50
UK excluding London average hourly rate £22.50 £17.50 £17.50
% change year-on-year
+28.57% -

Online Banking
Jobs Demand Trend in the City of London

This chart provides a 3-month moving total of IT contractor jobs citing Online Banking across the City of London region as a proportion of the total demand within the Miscellaneous category.

Online Banking Jobs Demand Trend in the City of London

Online Banking
Daily Rate Trend in the City of London

This chart provides the 3-month moving average for daily rates quoted in IT contract jobs citing Online Banking across the City of London region.

Online Banking Daily Rate Trend in the City of London

Online Banking
Daily Rate Histogram in the City of London

This chart provides a histogram of daily rates quoted in contract IT jobs citing Online Banking across the City of London region over the 3 months to 13 February 2016.

Online Banking Daily Rate Histogram in the City of London

Online Banking
Hourly Rate Trend in the City of London

This chart provides the 3-month moving average for hourly rates quoted in IT contractor jobs citing Online Banking across the City of London region.

Online Banking Hourly Rate Trend in the City of London

Online Banking
Top 30 Related IT Skills in the City of London

For the 6 months to 13 February 2016, IT contractor jobs across the City of London region citing Online 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 Online Banking.

1 14 (100.00%) Banking
2 12 (85.71%) Finance
3 6 (42.86%) Project Management
4 5 (35.71%) Java
4 5 (35.71%) SWIFT
4 5 (35.71%) SEPA
5 4 (28.57%) Retail
6 3 (21.43%) BizTalk Server
6 3 (21.43%) High Availability
7 2 (14.29%) HTML
7 2 (14.29%) REST
7 2 (14.29%) SQL Server Integration Services
7 2 (14.29%) Release Management
7 2 (14.29%) Unit Testing
7 2 (14.29%) Test Scripting
7 2 (14.29%) Software Delivery
7 2 (14.29%) API Design
7 2 (14.29%) Mobile Banking
7 2 (14.29%) Business Intelligence
7 2 (14.29%) MSMQ
7 2 (14.29%) CRM
7 2 (14.29%) JMS
7 2 (14.29%) JavaScript
7 2 (14.29%) Oracle
7 2 (14.29%) SQL Server
7 2 (14.29%) JSP
7 2 (14.29%) SOAP
7 2 (14.29%) Web Services
7 2 (14.29%) Linux
7 2 (14.29%) Content Management

Online Banking
Top Related IT Skills in the City of London by Category

For the 6 months to 13 February 2016, IT contractor jobs across the City of London region citing Online 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 Online Banking. Up to 20 skills are shown per category.

Application Platforms
1 3 (21.43%) BizTalk Server
2 1 (7.14%) Confluence
2 1 (7.14%) JBoss
2 1 (7.14%) Tomcat
Business Applications
1 2 (14.29%) Oracle CRM
Communications & Networking
1 1 (7.14%) Internet
1 1 (7.14%) TCP/IP
Database & Business Intelligence
1 2 (14.29%) SQL Server
1 2 (14.29%) SQL Server Integration Services
Development Applications
1 1 (7.14%) Ant
1 1 (7.14%) Emacs
1 1 (7.14%) Jenkins
1 1 (7.14%) JIRA
1 1 (7.14%) Maven
General
1 14 (100.00%) Banking
2 12 (85.71%) Finance
3 4 (28.57%) Retail
4 1 (7.14%) Financial Institution
4 1 (7.14%) Front Office
4 1 (7.14%) Retail Banking
Job Titles
1 7 (50.00%) Analyst
2 6 (42.86%) Business Analyst
3 5 (35.71%) Payments Business Analyst
4 4 (28.57%) Business IT Analyst
4 4 (28.57%) IT Analyst
4 4 (28.57%) IT Business Analyst
5 2 (14.29%) Consultant
5 2 (14.29%) Development Manager
5 2 (14.29%) Digital Development Manager
5 2 (14.29%) Release Manager
5 2 (14.29%) Software Development Manager
5 2 (14.29%) Test Analyst
6 1 (7.14%) DevOps Engineer
6 1 (7.14%) Digital Product Manager
6 1 (7.14%) Electronic Trading C++ Developer
6 1 (7.14%) Electronic Trading Developer
6 1 (7.14%) Finance Business Analyst
6 1 (7.14%) Financial Services Business Analyst
6 1 (7.14%) Financial Services Project Manager
6 1 (7.14%) Mobile Test Analyst
Libraries, Frameworks & Software Standards
1 2 (14.29%) HTML
1 2 (14.29%) JMS
1 2 (14.29%) JSP
1 2 (14.29%) MSMQ
1 2 (14.29%) REST
1 2 (14.29%) SOAP
1 2 (14.29%) Web Services
1 2 (14.29%) WebSphere MQ
2 1 (7.14%) .NET
2 1 (7.14%) FIX Protocol
2 1 (7.14%) Middleware
2 1 (7.14%) XML
Miscellaneous
1 5 (35.71%) SWIFT
2 2 (14.29%) Mobile Banking
3 1 (7.14%) Algorithms
3 1 (7.14%) Analytical Skills
3 1 (7.14%) Artificial Intelligence
3 1 (7.14%) Biometrics
3 1 (7.14%) Computer Science
3 1 (7.14%) Foreign Exchange (FX)
3 1 (7.14%) Mathematics
3 1 (7.14%) Mobile App
3 1 (7.14%) Mobile Payment
3 1 (7.14%) Physics
3 1 (7.14%) User Experience
Operating Systems
1 2 (14.29%) Linux
2 1 (7.14%) Unix
2 1 (7.14%) Windows
Processes & Methodologies
1 6 (42.86%) Project Management
2 3 (21.43%) High Availability
3 2 (14.29%) API Design
3 2 (14.29%) Business Intelligence
3 2 (14.29%) Content Management
3 2 (14.29%) CRM
3 2 (14.29%) Release Management
3 2 (14.29%) Software Delivery
3 2 (14.29%) Test Scripting
3 2 (14.29%) Unit Testing
3 2 (14.29%) Web Development
4 1 (7.14%) Agile Software Development
4 1 (7.14%) Asset Management
4 1 (7.14%) Continuous Integration
4 1 (7.14%) Electronic Trading
4 1 (7.14%) Market Making
4 1 (7.14%) Multithreading
4 1 (7.14%) OO
4 1 (7.14%) Risk Management
4 1 (7.14%) Scrum
Programming Languages
1 5 (35.71%) Java
2 2 (14.29%) JavaScript
3 1 (7.14%) C#
3 1 (7.14%) C++
3 1 (7.14%) SQL
Qualifications
1 1 (7.14%) Degree
Quality Assurance & Compliance
1 5 (35.71%) SEPA
Systems Management
1 1 (7.14%) Puppet
Vendors
1 2 (14.29%) Oracle
2 1 (7.14%) Atlassian