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 28 August 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
28 Aug 2015
Same period 2014 Same period 2013
Wholesale Banking
Rank 192 200 224
Rank change year-on-year
+8 +24
Contract jobs citing Wholesale Banking 6 2 2
As % of all contract IT jobs located in the City of London 0.11% 0.034% 0.028%
As % of the General category 0.21% 0.068% 0.047%
Number of daily rates quoted 6 2 2
Average daily rate
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£520 £494 £300
Average daily rate % change year-on-year
+5.21% +64.58%
90% offered a daily rate of more than £413 £449 £280
10% offered a daily rate of more than £531 £539 £320
UK excluding London average daily rate - - £370
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
2863 2942 4243
As % of all contract IT jobs located in the City of London 53.28% 50.60% 58.58%
Number of daily rates quoted 2225 2178 3157
Average daily rate £500 £475 £475
Average daily rate % change year-on-year
+5.26% -
90% offered a daily rate of more than £320 £300 £320
10% offered a daily rate of more than £650 £638 £625
UK excluding London average daily rate £400 £388 £385
% change year-on-year
+3.22% +0.64%
Number of hourly rates quoted 34 28 65
Average hourly rate £21.00 £19.00 £20.50
Average hourly rate % change year-on-year
+10.52% -7.31%
90% offered a hourly rate of more than £12.14 £11.00 £13.50
10% offered a hourly rate of more than £40.00 £31.02 £52.05
UK excluding London average hourly rate £25.83 £22.50 £22.47
% change year-on-year
+14.80% +0.15%

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 28 August 2015.

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 28 August 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 12 (100.00%) Banking
2 4 (33.33%) Back Office
2 4 (33.33%) Risk Management
2 4 (33.33%) Finance
2 4 (33.33%) Test Scripting
3 3 (25.00%) System Testing
3 3 (25.00%) HP Quality Center
3 3 (25.00%) Credit Risk
3 3 (25.00%) User Acceptance Testing
3 3 (25.00%) Stress Testing
3 3 (25.00%) Integration Testing
3 3 (25.00%) Investment Banking
3 3 (25.00%) Automated Testing
3 3 (25.00%) Business Analysis
3 3 (25.00%) Information Security
3 3 (25.00%) HP
3 3 (25.00%) HP UFT
3 3 (25.00%) Software Delivery
3 3 (25.00%) Basel III
3 3 (25.00%) SWIFT
4 2 (16.67%) Analytical Skills
4 2 (16.67%) Project Management
5 1 (8.33%) QA
5 1 (8.33%) Security Architecture
5 1 (8.33%) Stakeholder Management
5 1 (8.33%) Websense
5 1 (8.33%) SQL
5 1 (8.33%) Sybase
5 1 (8.33%) UNIX
5 1 (8.33%) Foreign Exchange (FX)

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

For the 6 months to 28 August 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 3 (25.00%) HP UFT
General
1 12 (100.00%) Banking
2 4 (33.33%) Back Office
2 4 (33.33%) Finance
3 3 (25.00%) Investment Banking
4 1 (8.33%) Retail
Job Titles
1 11 (91.67%) Analyst
2 7 (58.33%) Business Analyst
3 4 (33.33%) Test Analyst
4 3 (25.00%) Credit Risk Business Analyst
4 3 (25.00%) Risk Analyst
4 3 (25.00%) Credit Analyst
4 3 (25.00%) Credit Risk Analyst
4 3 (25.00%) Testing Analyst
5 2 (16.67%) Information Security Analyst
5 2 (16.67%) Security Analyst
5 2 (16.67%) Information Analyst
6 1 (8.33%) QA Analyst
6 1 (8.33%) QA Test Analyst
Miscellaneous
1 3 (25.00%) Credit Risk
1 3 (25.00%) SWIFT
2 2 (16.67%) Analytical Skills
3 1 (8.33%) Foreign Exchange (FX)
Operating Systems
1 1 (8.33%) UNIX
Processes & Methodologies
1 4 (33.33%) Risk Management
1 4 (33.33%) Test Scripting
2 3 (25.00%) System Testing
2 3 (25.00%) Information Security
2 3 (25.00%) Automated Testing
2 3 (25.00%) Business Analysis
2 3 (25.00%) User Acceptance Testing
2 3 (25.00%) Stress Testing
2 3 (25.00%) Integration Testing
2 3 (25.00%) Software Delivery
3 2 (16.67%) Project Management
4 1 (8.33%) Security Architecture
4 1 (8.33%) Stakeholder Management
Programming Languages
1 1 (8.33%) SQL
Quality Assurance & Compliance
1 3 (25.00%) Basel III
2 1 (8.33%) QA
Systems Management
1 3 (25.00%) HP Quality Center
Vendors
1 3 (25.00%) HP
2 1 (8.33%) Symantec
2 1 (8.33%) Websense
2 1 (8.33%) Sybase