The table below looks at the prevalence of the term Wholesale 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 Wholesale Banking over the 3 months to 30 January 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
30 Jan 2015
Same period 2014 Same period 2013
Wholesale Banking
Rank 195 205 185
Rank change year-on-year
+10 -20
Contract jobs citing Wholesale Banking 1 3 7
As % of all contract IT jobs located in the City of London 0.020% 0.051% 0.12%
As % of the General category 0.038% 0.091% 0.22%
Number of daily rates quoted 1 3 5
Average daily rate
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£600 £550 £550
Average daily rate % change year-on-year
+9.09% -
UK excluding London average daily rate £409 £350 £390
% change year-on-year
+16.78% -10.25%
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
Wholesale 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
2648 3311 3189
As % of all contract IT jobs located in the City of London 52.16% 55.99% 56.58%
Number of daily rates quoted 2063 2492 2475
Average daily rate £475 £500 £471
Average daily rate % change year-on-year
-5.00% +6.26%
90% offered a daily rate of more than £300 £325 £315
10% offered a daily rate of more than £625 £650 £625
UK excluding London average daily rate £400 £380 £375
% change year-on-year
+5.26% +1.33%
Number of hourly rates quoted 17 49 49
Average hourly rate £17.87 £20.00 £22.50
Average hourly rate % change year-on-year
-10.67% -11.11%
90% offered a hourly rate of more than £13.25 £12.30 £13.40
10% offered a hourly rate of more than £28.45 £42.50 £52.70
UK excluding London average hourly rate £26.25 £22.00 £25.00
% change year-on-year
+19.31% -12.00%

Wholesale Banking
Jobs Demand Trend in the City of London

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

Wholesale Banking Jobs Demand Trend in the City of London

Wholesale 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 Wholesale Banking across the City of London region.

Wholesale Banking Daily Rate Trend in the City of London

Wholesale Banking
Top 18 Related IT Skills in the City of London

For the 6 months to 30 January 2015, IT contractor jobs across the City of London region citing Wholesale 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 Wholesale Banking.

1 2 (100.00%) Finance
1 2 (100.00%) Banking
1 2 (100.00%) Degree
2 1 (50.00%) IIBA
2 1 (50.00%) CBAP
2 1 (50.00%) SWIFT
2 1 (50.00%) Analytical Skills
2 1 (50.00%) Business Analysis
2 1 (50.00%) Loan IQ
2 1 (50.00%) Legal
2 1 (50.00%) MBA
2 1 (50.00%) Stakeholder Management
2 1 (50.00%) Change Management
2 1 (50.00%) Risk Management
2 1 (50.00%) Postgraduate
2 1 (50.00%) Data Modelling
2 1 (50.00%) CGI
2 1 (50.00%) Misys

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

For the 6 months to 30 January 2015, IT contractor jobs across the City of London region citing Wholesale 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 Wholesale Banking. Up to 20 skills are shown per category.

Business Applications
1 1 (50.00%) Loan IQ
General
1 2 (100.00%) Finance
1 2 (100.00%) Banking
2 1 (50.00%) Legal
Job Titles
1 2 (100.00%) Business Analyst
1 2 (100.00%) Analyst
2 1 (50.00%) Financial Analyst
2 1 (50.00%) Senior Analyst
2 1 (50.00%) Senior Business Analyst
Libraries, Frameworks & Software Standards
1 1 (50.00%) CGI
Miscellaneous
1 1 (50.00%) SWIFT
1 1 (50.00%) Analytical Skills
Processes & Methodologies
1 1 (50.00%) Business Analysis
1 1 (50.00%) Stakeholder Management
1 1 (50.00%) Change Management
1 1 (50.00%) Risk Management
1 1 (50.00%) Data Modelling
Qualifications
1 2 (100.00%) Degree
2 1 (50.00%) IIBA
2 1 (50.00%) CBAP
2 1 (50.00%) MBA
2 1 (50.00%) Postgraduate
Vendors
1 1 (50.00%) Misys