The table below looks at the prevalence of the term Private 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 Private Banking over the 3 months to 5 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
5 Feb 2016
Same period 2015 Same period 2014
Private Banking
Rank 147 182 196
Rank change year-on-year
+35 +14
Contract jobs citing Private Banking 5 8 10
As % of all contract IT jobs located in the City of London 0.16% 0.16% 0.17%
As % of the General category 0.28% 0.31% 0.31%
Number of daily rates quoted 5 4 7
Average daily rate £525 £488 £575
Average daily rate % change year-on-year
+7.69% -15.21%
UK excluding London average daily rate £130 £550 £438
% change year-on-year
-76.36% +25.71%
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
Private 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 City of London region.

General Category
City of London
Contract IT job ads with a match in the
General category
1755 2622 3233
As % of all contract IT jobs located in the City of London 55.95% 52.09% 55.32%
Number of daily rates quoted 1379 2046 2424
Average daily rate £525 £475 £500
Average daily rate % change year-on-year
+10.52% -5.00%
90% offered a daily rate of more than £313 £300 £315
10% offered a daily rate of more than £650 £625 £650
UK excluding London average daily rate £400 £400 £388
% change year-on-year
- +3.22%
Number of hourly rates quoted 14 16 48
Average hourly rate £31.75 £17.87 £20.00
Average hourly rate % change year-on-year
+77.72% -10.67%
90% offered a hourly rate of more than £18.99 £13.25 £12.20
10% offered a hourly rate of more than £55.00 £28.00 £42.50
UK excluding London average hourly rate £35.00 £26.00 £22.00
% change year-on-year
+34.61% +18.18%

Private Banking
Jobs Demand Trend in the City of London

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

Private Banking Jobs Demand Trend in the City of London

Private 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 Private Banking across the City of London region.

Private Banking Daily Rate Trend in the City of London

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

For the 6 months to 5 February 2016, IT contractor jobs across the City of London region citing Private 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 Private Banking.

1 10 (100.00%) Banking
2 8 (80.00%) Wealth Management
3 3 (30.00%) Agile Software Development
3 3 (30.00%) User Acceptance Testing
3 3 (30.00%) SDLC
4 2 (20.00%) Test Strategy
4 2 (20.00%) Re-Platforming
4 2 (20.00%) Analytical Skills
4 2 (20.00%) Credit Risk
4 2 (20.00%) Lean Six Sigma
4 2 (20.00%) MS PowerPoint
4 2 (20.00%) Finance
4 2 (20.00%) Six Sigma
4 2 (20.00%) Project Management
4 2 (20.00%) GAP Analysis
4 2 (20.00%) SharePoint
5 1 (10.00%) Microsoft
5 1 (10.00%) Salesforce.com
5 1 (10.00%) MS Office
5 1 (10.00%) MS Excel
5 1 (10.00%) Change Management
5 1 (10.00%) Front Office
5 1 (10.00%) Legal
5 1 (10.00%) Validation
5 1 (10.00%) Programme Management
5 1 (10.00%) Investment Banking
5 1 (10.00%) Business Analysis
5 1 (10.00%) MiFID
5 1 (10.00%) Coaching
5 1 (10.00%) KYC

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

For the 6 months to 5 February 2016, IT contractor jobs across the City of London region citing Private 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 Private Banking. Up to 20 skills are shown per category.

Application Platforms
1 2 (20.00%) SharePoint
Applications
1 2 (20.00%) MS PowerPoint
2 1 (10.00%) MS Excel
2 1 (10.00%) MS Office
General
1 10 (100.00%) Banking
2 2 (20.00%) Finance
3 1 (10.00%) Front Office
3 1 (10.00%) Investment Banking
3 1 (10.00%) Legal
Job Titles
1 9 (90.00%) Analyst
1 9 (90.00%) Business Analyst
2 4 (40.00%) Banking Analyst
2 4 (40.00%) Senior Analyst
2 4 (40.00%) Senior Business Analyst
3 3 (30.00%) Banking Business Analyst
4 2 (20.00%) Credit Analyst
4 2 (20.00%) Credit Risk Analyst
4 2 (20.00%) Credit Risk Business Analyst
4 2 (20.00%) PMO Analyst
4 2 (20.00%) Process Analyst
4 2 (20.00%) Risk Analyst
4 2 (20.00%) Risk Business Analyst
4 2 (20.00%) Senior Process Analyst
5 1 (10.00%) Change Analyst
5 1 (10.00%) Digital Analyst
5 1 (10.00%) Digital Business Analyst
5 1 (10.00%) Regulatory Business Analyst
5 1 (10.00%) Wealth Management Business Analyst
5 1 (10.00%) Web Business Analyst
Miscellaneous
1 2 (20.00%) Analytical Skills
1 2 (20.00%) Credit Risk
Processes & Methodologies
1 8 (80.00%) Wealth Management
2 3 (30.00%) Agile Software Development
2 3 (30.00%) SDLC
2 3 (30.00%) User Acceptance Testing
3 2 (20.00%) GAP Analysis
3 2 (20.00%) Lean Six Sigma
3 2 (20.00%) Project Management
3 2 (20.00%) Re-Platforming
3 2 (20.00%) Six Sigma
3 2 (20.00%) Test Strategy
4 1 (10.00%) Anti-Money Laundering
4 1 (10.00%) Business Analysis
4 1 (10.00%) Change Management
4 1 (10.00%) Coaching
4 1 (10.00%) Continuous Improvement
4 1 (10.00%) KYC
4 1 (10.00%) Programme Management
4 1 (10.00%) Test Scripting
4 1 (10.00%) Validation
Quality Assurance & Compliance
1 1 (10.00%) MiFID
Vendors
1 1 (10.00%) Microsoft
1 1 (10.00%) Salesforce.com