The table below looks at the prevalence of the term Retail 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 Retail Banking over the 3 months to 29 December 2014 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
29 Dec 2014
Same period 2013 Same period 2012
Retail Banking
Rank 143 141 92
Rank change year-on-year
-2 -49
Contract jobs citing Retail Banking 55 62 120
As % of all contract IT jobs located in the City of London 0.99% 0.93% 2.00%
As % of the General category 1.94% 1.67% 3.57%
Number of daily rates quoted 38 48 109
Average daily rate
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£425 £485 £450
Average daily rate % change year-on-year
-12.37% +7.77%
90% offered a daily rate of more than £300 £325 £325
10% offered a daily rate of more than £506 £633 £571
UK excluding London average daily rate £433 £390 £375
% change year-on-year
+10.89% +4.00%
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
Retail 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
2841 3716 3357
As % of all contract IT jobs located in the City of London 51.23% 55.89% 55.98%
Number of daily rates quoted 2239 2818 2577
Average daily rate £475 £500 £475
Average daily rate % change year-on-year
-5.00% +5.26%
90% offered a daily rate of more than £298 £315 £300
10% offered a daily rate of more than £627 £650 £625
UK excluding London average daily rate £400 £375 £375
% change year-on-year
+6.66% -
Number of hourly rates quoted 21 54 52
Average hourly rate £19.00 £20.00 £22.00
Average hourly rate % change year-on-year
-5.02% -9.09%
90% offered a hourly rate of more than £13.50 £10.73 £14.50
10% offered a hourly rate of more than £28.50 £40.00 £49.00
UK excluding London average hourly rate £23.75 £25.00 £22.50
% change year-on-year
-5.00% +11.11%

Retail Banking
Jobs Demand Trend in the City of London

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

Retail Banking Jobs Demand Trend in the City of London

Retail 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 Retail Banking across the City of London region.

Retail Banking Daily Rate Trend in the City of London

Retail Banking
Daily Rate Histogram in the City of London

This chart provides a histogram of daily rates quoted in contract IT jobs citing Retail Banking across the City of London region over the 3 months to 29 December 2014.

Retail Banking Daily Rate Histogram in the City of London

Retail 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 Retail Banking across the City of London region.

Retail Banking Hourly Rate Trend in the City of London

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

For the 6 months to 29 December 2014, IT contractor jobs across the City of London region citing Retail 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 Retail Banking.

1 113 (100.00%) Banking
1 113 (100.00%) Retail
2 63 (55.75%) Finance
3 27 (23.89%) Project Management
3 27 (23.89%) Stakeholder Management
4 17 (15.04%) User Acceptance Testing
5 12 (10.62%) Agile Software Development
6 11 (9.73%) Business Analysis
6 11 (9.73%) Waterfall
7 10 (8.85%) Financial Institution
7 10 (8.85%) Linux
8 9 (7.96%) SQL
9 8 (7.08%) Oracle
9 8 (7.08%) MS Project
9 8 (7.08%) Change Management
10 7 (6.19%) CMS
10 7 (6.19%) Programme Management
10 7 (6.19%) E-Commerce
10 7 (6.19%) Middleware
10 7 (6.19%) Systems Analysis
10 7 (6.19%) Requirements Analysis
10 7 (6.19%) Integration Testing
10 7 (6.19%) Cash Management
10 7 (6.19%) SWIFT
10 7 (6.19%) Oracle Cash Management
10 7 (6.19%) Analytical Skills
11 6 (5.31%) Change Control
11 6 (5.31%) QA
11 6 (5.31%) Microsoft
11 6 (5.31%) Windows

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

For the 6 months to 29 December 2014, IT contractor jobs across the City of London region citing Retail 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 Retail Banking. Up to 20 skills are shown per category.

Application Platforms
1 7 (6.19%) CMS
2 2 (1.77%) SAS
3 1 (0.88%) Tomcat
3 1 (0.88%) SharePoint
3 1 (0.88%) MS Exchange
3 1 (0.88%) Exchange Server 2003
3 1 (0.88%) Exchange Server 2007
3 1 (0.88%) Apache Solr
3 1 (0.88%) Adobe CQ
3 1 (0.88%) Elasticsearch
Applications
1 8 (7.08%) MS Project
2 5 (4.42%) MS Excel
3 4 (3.54%) Adobe Illustrator
3 4 (3.54%) MS PowerPoint
3 4 (3.54%) Photoshop
4 3 (2.65%) MS Visio
4 3 (2.65%) MS Office
Business Applications
1 7 (6.19%) Oracle Cash Management
Cloud Services
1 1 (0.88%) Amazon EC2
1 1 (0.88%) Amazon S3
Communications & Networking
1 3 (2.65%) Internet
1 3 (2.65%) Firewall
2 2 (1.77%) ATM
3 1 (0.88%) LAN
3 1 (0.88%) WAN
3 1 (0.88%) TCP/IP
3 1 (0.88%) DNS
3 1 (0.88%) Network Security
Database & Business Intelligence
1 3 (2.65%) SQL Server
2 2 (1.77%) Data Warehouse
2 2 (1.77%) MongoDB
3 1 (0.88%) NoSQL
3 1 (0.88%) Redis
3 1 (0.88%) Big Data
3 1 (0.88%) Relational Database
3 1 (0.88%) SQL Server Integration Services
3 1 (0.88%) Hadoop
3 1 (0.88%) MS Access
Development Applications
1 2 (1.77%) JIRA
2 1 (0.88%) Git (software)
2 1 (0.88%) Gradle
2 1 (0.88%) JUnit
2 1 (0.88%) Maven
General
1 113 (100.00%) Banking
1 113 (100.00%) Retail
2 63 (55.75%) Finance
3 10 (8.85%) Financial Institution
4 5 (4.42%) Investment Banking
5 2 (1.77%) Marketing
5 2 (1.77%) Spanish Language
6 1 (0.88%) Legal
6 1 (0.88%) International Banking
6 1 (0.88%) Private Banking
Job Titles
1 46 (40.71%) Analyst
2 26 (23.01%) Business Analyst
3 13 (11.50%) Project Manager
4 11 (9.73%) PMO Manager
5 9 (7.96%) Banking Business Analyst
6 8 (7.08%) Systems Analyst
7 6 (5.31%) Senior Manager
8 5 (4.42%) Architect
9 4 (3.54%) Developer
9 4 (3.54%) PMO Analyst
9 4 (3.54%) Designer
10 3 (2.65%) Test Analyst
10 3 (2.65%) Programme Manager
10 3 (2.65%) Java Developer
11 2 (1.77%) Implementation Manager
11 2 (1.77%) Junior
11 2 (1.77%) Sales Consultant
11 2 (1.77%) Consultant
11 2 (1.77%) Applications Support
11 2 (1.77%) Senior Analyst
Libraries, Frameworks & Software Standards
1 7 (6.19%) Middleware
2 2 (1.77%) Spring
3 1 (0.88%) RESTful
3 1 (0.88%) Memcached
3 1 (0.88%) Hibernate
3 1 (0.88%) Lucene
3 1 (0.88%) SOAP
3 1 (0.88%) Web Services
Miscellaneous
1 7 (6.19%) SWIFT
1 7 (6.19%) Analytical Skills
2 4 (3.54%) User Experience
3 3 (2.65%) Credit Risk
3 3 (2.65%) Mobile App
3 3 (2.65%) Foreign Exchange (FX)
4 2 (1.77%) Management Information System
4 2 (1.77%) Mobile Banking
4 2 (1.77%) Copywriting
5 1 (0.88%) iSeries
5 1 (0.88%) Social Media
5 1 (0.88%) Data Structures
5 1 (0.88%) Mobile Payment
5 1 (0.88%) Online Banking
5 1 (0.88%) Mathematics
5 1 (0.88%) Mainframe
Operating Systems
1 10 (8.85%) Linux
2 6 (5.31%) Windows
3 5 (4.42%) Android
3 5 (4.42%) Apple iOS
4 2 (1.77%) Solaris
4 2 (1.77%) UNIX
Processes & Methodologies
1 27 (23.89%) Project Management
1 27 (23.89%) Stakeholder Management
2 17 (15.04%) User Acceptance Testing
3 12 (10.62%) Agile Software Development
4 11 (9.73%) Business Analysis
4 11 (9.73%) Waterfall
5 8 (7.08%) Change Management
6 7 (6.19%) E-Commerce
6 7 (6.19%) Programme Management
6 7 (6.19%) Systems Analysis
6 7 (6.19%) Requirements Analysis
6 7 (6.19%) Cash Management
6 7 (6.19%) Integration Testing
7 6 (5.31%) Change Control
7 6 (5.31%) PRINCE2
8 5 (4.42%) Data Analysis
9 4 (3.54%) Migration
9 4 (3.54%) Scrum
9 4 (3.54%) Data Migration
10 3 (2.65%) Process Improvement
Programming Languages
1 9 (7.96%) SQL
2 4 (3.54%) VBA
3 3 (2.65%) Java
4 1 (0.88%) RPG
4 1 (0.88%) SAS Macro
4 1 (0.88%) COBOL
Qualifications
1 2 (1.77%) PRINCE2 Certification
1 2 (1.77%) Degree
2 1 (0.88%) CISSP
2 1 (0.88%) PMP
2 1 (0.88%) PMI Certification
2 1 (0.88%) CISM
Quality Assurance & Compliance
1 6 (5.31%) QA
2 2 (1.77%) FATCA
System Software
1 2 (1.77%) Active Directory
1 2 (1.77%) VMware ESX
1 2 (1.77%) XenApp
Systems Management
1 3 (2.65%) HP Quality Center
Vendors
1 8 (7.08%) Oracle
2 6 (5.31%) Microsoft
3 3 (2.65%) HP
4 2 (1.77%) Citrix
4 2 (1.77%) Sybase
4 2 (1.77%) VMware
4 2 (1.77%) Teradata
4 2 (1.77%) GoldenSource
4 2 (1.77%) NetApp
4 2 (1.77%) Axway
5 1 (0.88%) Tufin
5 1 (0.88%) 29West
5 1 (0.88%) CheckPoint
5 1 (0.88%) TIBCO
5 1 (0.88%) Fortinet
5 1 (0.88%) Adobe
5 1 (0.88%) Informatica
5 1 (0.88%) Intel
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