Banking Contracts in the City of Westminster

Banking
Central London > City of Westminster

The table below looks at the prevalence of the term Banking in contract job vacancies in the City of Westminster. Included is a benchmarking guide to the contractor rates offered in vacancies that cited Banking over the 6 months leading up to 31 October 2024, comparing them to the same period in the previous two years.

6 months to
31 Oct 2024
Same period 2023 Same period 2022
Rank 11 - 14
Rank change year-on-year - - -
Contract jobs citing Banking 1 0 1
As % of all contract jobs advertised in the City of Westminster 1.82% - 2.17%
As % of the General category 2.70% - 3.70%
Number of daily rates quoted 1 0 1
10th Percentile - - -
25th Percentile - - £550
Median daily rate (50th Percentile) £600 - £600
75th Percentile - - £650
90th Percentile - - -
Central London median daily rate £600 £625 £650
% change year-on-year -4.00% -3.85% +4.00%

All General Skills
City of Westminster

Banking falls under the General Skills category. For comparison with the information above, the following table provides summary statistics for all contract job vacancies requiring common skills in the City of Westminster.

Contract vacancies with a requirement for common skills 37 27 27
As % of all contract IT jobs advertised in the City of Westminster 67.27% 54.00% 58.70%
Number of daily rates quoted 15 26 23
10th Percentile £353 £256 £203
25th Percentile £426 £388 £388
Median daily rate (50th Percentile) £450 £600 £525
Median % change year-on-year -25.00% +14.29% +19.32%
75th Percentile £575 £938 £681
90th Percentile £713 £1,044 £790
Central London median daily rate £585 £600 £575
% change year-on-year -2.50% +4.35% +3.05%
Number of hourly rates quoted 0 1 0
Median hourly rate - £26.00 -
Central London median hourly rate £35.00 £26.75 £40.50
% change year-on-year +30.84% -33.95% +42.11%

Banking
Job Vacancy Trend in the City of Westminster

Job postings citing Banking as a proportion of all IT jobs advertised in the City of Westminster.

Job vacancy trend for Banking in the City of Westminster

Banking
Contractor Daily Rate Trend in the City of Westminster

3-month moving average daily rate quoted in jobs citing Banking in the City of Westminster.

Daily rate trend for Banking in the City of Westminster

Banking
Contractor Hourly Rate Trend in the City of Westminster

3-month moving average hourly rates quoted in jobs citing Banking in the City of Westminster.

Hourly rate trend for Banking in the City of Westminster

Banking
Contract Job Locations in the City of Westminster

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Banking within the City of Westminster region over the 6 months to 31 October 2024. The 'Rank Change' column provides an indication of the change in demand within each location based on the same 6 month period last year.

Location Rank Change
on Same Period
Last Year
Matching
Contract
IT Job Ads
Median
Daily Rate
Past 6 Months
Median Daily Rate
% Change
on Same Period
Last Year
Live
Jobs
Mayfair - 1 £600 -
Banking
Central London

Banking
Co-occurring Skills and Capabilities in the City of Westminster by Category

The follow tables expand on the table above by listing co-occurrences grouped by category. The same employment type, locality and period is covered with up to 20 co-occurrences shown in each of the following categories:

Database & Business Intelligence
1 1 (100.00%) Data Warehouse
General
1 1 (100.00%) Analytical Skills
1 1 (100.00%) Investment Banking
Job Titles
1 1 (100.00%) Analyst
1 1 (100.00%) Analyst Developer
1 1 (100.00%) Data Analyst
1 1 (100.00%) Developer
1 1 (100.00%) SQL Analyst
1 1 (100.00%) SQL Data Analyst
1 1 (100.00%) SQL Developer
Miscellaneous
1 1 (100.00%) Hedge funds
1 1 (100.00%) Reference Data
Processes & Methodologies
1 1 (100.00%) Data Analysis
1 1 (100.00%) Migration
1 1 (100.00%) Problem-Solving
1 1 (100.00%) Test Automation
1 1 (100.00%) Validation
Programming Languages
1 1 (100.00%) SQL
Quality Assurance & Compliance
1 1 (100.00%) QA