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 24 April 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
24 Apr 2015
Same period 2014 Same period 2013
Wholesale Banking
Rank 189 209 188
Rank change year-on-year
+20 -21
Contract jobs citing Wholesale Banking 6 4 15
As % of all contract IT jobs located in the City of London 0.11% 0.064% 0.24%
As % of the General category 0.21% 0.12% 0.42%
Number of daily rates quoted 6 4 10
Average daily rate
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£600 £575 £525
Average daily rate % change year-on-year
+4.34% +9.52%
UK excluding London average daily rate - £425 £390
% change year-on-year
- +8.97%
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
2842 3359 3581
As % of all contract IT jobs located in the City of London 52.36% 53.37% 56.27%
Number of daily rates quoted 2207 2492 2749
Average daily rate £475 £482 £476
Average daily rate % change year-on-year
-1.40% +1.18%
90% offered a daily rate of more than £300 £293 £320
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 30 49 41
Average hourly rate £17.87 £22.00 £19.25
Average hourly rate % change year-on-year
-18.79% +14.28%
90% offered a hourly rate of more than £11.20 £11.75 £11.00
10% offered a hourly rate of more than £54.00 £47.50 £26.75
UK excluding London average hourly rate £24.00 £25.00 £26.50
% change year-on-year
-4.00% -5.66%

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
Daily Rate Histogram in the City of London

This chart provides a histogram of daily rates quoted in contract IT jobs citing Wholesale Banking across the City of London region over the 3 months to 24 April 2015.

Wholesale Banking Daily Rate Histogram in the City of London

Wholesale Banking
Top 23 Related IT Skills in the City of London

For the 6 months to 24 April 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 6 (100.00%) Banking
2 3 (50.00%) Software Delivery
2 3 (50.00%) Stress Testing
2 3 (50.00%) Credit Risk
2 3 (50.00%) Basel III
2 3 (50.00%) Investment Banking
2 3 (50.00%) Business Analysis
3 2 (33.33%) Finance
4 1 (16.67%) Stakeholder Management
4 1 (16.67%) Postgraduate
4 1 (16.67%) HP
4 1 (16.67%) QuickTest Pro
4 1 (16.67%) Back Office
4 1 (16.67%) Risk Management
4 1 (16.67%) Degree
4 1 (16.67%) Automated Testing
4 1 (16.67%) Retail
4 1 (16.67%) SWIFT
4 1 (16.67%) User Acceptance Testing
4 1 (16.67%) Integration Testing
4 1 (16.67%) Test Scripting
4 1 (16.67%) System Testing
4 1 (16.67%) HP Quality Center

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

For the 6 months to 24 April 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.

Development Applications
1 1 (16.67%) QuickTest Pro
General
1 6 (100.00%) Banking
2 3 (50.00%) Investment Banking
3 2 (33.33%) Finance
4 1 (16.67%) Back Office
4 1 (16.67%) Retail
Job Titles
1 6 (100.00%) Analyst
2 5 (83.33%) Business Analyst
3 3 (50.00%) Testing Analyst
3 3 (50.00%) Credit Risk Analyst
3 3 (50.00%) Credit Analyst
3 3 (50.00%) Credit Risk Business Analyst
3 3 (50.00%) Risk Analyst
4 1 (16.67%) Senior Analyst
4 1 (16.67%) Test Analyst
4 1 (16.67%) Senior Business Analyst
Miscellaneous
1 3 (50.00%) Credit Risk
2 1 (16.67%) SWIFT
Processes & Methodologies
1 3 (50.00%) Software Delivery
1 3 (50.00%) Stress Testing
1 3 (50.00%) Business Analysis
2 1 (16.67%) Stakeholder Management
2 1 (16.67%) Risk Management
2 1 (16.67%) Automated Testing
2 1 (16.67%) User Acceptance Testing
2 1 (16.67%) Integration Testing
2 1 (16.67%) Test Scripting
2 1 (16.67%) System Testing
Qualifications
1 1 (16.67%) Postgraduate
1 1 (16.67%) Degree
Quality Assurance & Compliance
1 3 (50.00%) Basel III
Systems Management
1 1 (16.67%) HP Quality Center
Vendors
1 1 (16.67%) HP