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 22 August 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
22 Aug 2014
Same period 2013 Same period 2012
Wholesale Banking
Rank 198 229 204
Rank change year-on-year
+31 -25
Contract jobs citing Wholesale Banking 2 2 23
As % of all contract IT jobs located in the City of London 0.034% 0.027% 0.29%
As % of the General category 0.067% 0.047% 0.49%
Number of daily rates quoted 2 2 19
Average daily rate
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£494 £300 £535
Average daily rate % change year-on-year
+64.58% -43.92%
90% offered a daily rate of more than £449 £280 £365
10% offered a daily rate of more than £539 £320 £580
UK excluding London average daily rate - £380 £405
% change year-on-year
- -6.17%
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
2987 4288 4739
As % of all contract IT jobs located in the City of London 50.70% 58.27% 60.62%
Number of daily rates quoted 2216 3203 3583
Average daily rate £475 £475 £475
90% offered a daily rate of more than £300 £320 £301
10% offered a daily rate of more than £638 £625 £625
UK excluding London average daily rate £388 £385 £375
% change year-on-year
+0.64% +2.66%
Number of hourly rates quoted 30 63 68
Average hourly rate £20.50 £20.93 £20.00
Average hourly rate % change year-on-year
-2.03% +4.62%
90% offered a hourly rate of more than £11.10 £14.40 £15.00
10% offered a hourly rate of more than £36.50 £54.00 £52.30
UK excluding London average hourly rate £22.50 £22.50 £27.50
% change year-on-year
- -18.18%

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 22 August 2014.

Wholesale Banking Daily Rate Histogram in the City of London

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

For the 6 months to 22 August 2014, 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 3 (100.00%) Banking
2 2 (66.67%) Finance
3 1 (33.33%) MBA
3 1 (33.33%) Stakeholder Management
3 1 (33.33%) Fixed Income
3 1 (33.33%) Change Management
3 1 (33.33%) C#
3 1 (33.33%) Oracle
3 1 (33.33%) Windows
3 1 (33.33%) MS Visio
3 1 (33.33%) Data Modelling
3 1 (33.33%) CGI
3 1 (33.33%) Microsoft
3 1 (33.33%) Misys
3 1 (33.33%) Active Directory
3 1 (33.33%) Configuration Management
3 1 (33.33%) Project Management
3 1 (33.33%) Investment Banking
3 1 (33.33%) Systems Analysis
3 1 (33.33%) Business Analysis
3 1 (33.33%) Derivative
3 1 (33.33%) Equity Derivative
3 1 (33.33%) Loan IQ
3 1 (33.33%) Business Development
3 1 (33.33%) Degree
3 1 (33.33%) Credit Risk
3 1 (33.33%) Use Case
3 1 (33.33%) Market Risk
3 1 (33.33%) SCCM
3 1 (33.33%) PowerShell

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

For the 6 months to 22 August 2014, 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.

Applications
1 1 (33.33%) MS Visio
Business Applications
1 1 (33.33%) Loan IQ
General
1 3 (100.00%) Banking
2 2 (66.67%) Finance
3 1 (33.33%) Investment Banking
Job Titles
1 2 (66.67%) Business Analyst
1 2 (66.67%) Analyst
2 1 (33.33%) Market Risk Analyst
2 1 (33.33%) Market Risk Business Analyst
Libraries, Frameworks & Software Standards
1 1 (33.33%) CGI
Miscellaneous
1 1 (33.33%) Fixed Income
1 1 (33.33%) Derivative
1 1 (33.33%) Equity Derivative
1 1 (33.33%) Credit Risk
1 1 (33.33%) Market Risk
1 1 (33.33%) SWIFT
Operating Systems
1 1 (33.33%) Windows
1 1 (33.33%) Windows 7
Processes & Methodologies
1 1 (33.33%) Stakeholder Management
1 1 (33.33%) Change Management
1 1 (33.33%) Data Modelling
1 1 (33.33%) Configuration Management
1 1 (33.33%) Project Management
1 1 (33.33%) Systems Analysis
1 1 (33.33%) Business Analysis
1 1 (33.33%) Business Development
1 1 (33.33%) Use Case
Programming Languages
1 1 (33.33%) C#
1 1 (33.33%) PowerShell
Qualifications
1 1 (33.33%) MBA
1 1 (33.33%) Degree
1 1 (33.33%) IIBA
1 1 (33.33%) CBAP
System Software
1 1 (33.33%) Active Directory
Systems Management
1 1 (33.33%) SCCM
1 1 (33.33%) HP Quality Center
Vendors
1 1 (33.33%) Oracle
1 1 (33.33%) Microsoft
1 1 (33.33%) Misys