The table below looks at the prevalence of the term Banking in IT contracts advertised for the Hertfordshire region. Included is a guide to the average contractor rates offered in IT contracts that have cited Banking over the 3 months to 10 February 2016 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
10 Feb 2016
Same period 2015 Same period 2014
Banking
Rank 44 50 62
Rank change year-on-year
+6 +12
Contract jobs citing Banking 10 11 5
As % of all contract IT jobs located in Hertfordshire 1.74% 1.73% 0.75%
As % of the General category 4.10% 4.53% 1.85%
Number of daily rates quoted 7 10 4
Average daily rate £363 £341 £425
Average daily rate % change year-on-year
+6.22% -19.70%
90% offered a daily rate of more than £350 £220 £408
10% offered a daily rate of more than £503 £720 £436
UK excluding London average daily rate £425 £425 £400
% change year-on-year
- +6.25%
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate £13.75 £10.44 £10.97
% change year-on-year
+31.70% -4.83%
Banking
East of England

The following table is for comparison with the above and provides statistics for the entire General category in contract jobs advertised in the Hertfordshire region.

General Category
Hertfordshire
Contract IT job ads with a match in the
General category
244 243 270
As % of all contract IT jobs located in Hertfordshire 42.36% 38.27% 40.30%
Number of daily rates quoted 127 115 134
Average daily rate £425 £393 £400
Average daily rate % change year-on-year
+8.28% -1.87%
90% offered a daily rate of more than £300 £260 £300
10% offered a daily rate of more than £583 £563 £530
UK excluding London average daily rate £400 £400 £388
% change year-on-year
- +3.22%
Number of hourly rates quoted 19 11 15
Average hourly rate £30.00 £13.50 £31.75
Average hourly rate % change year-on-year
+122.22% -57.48%
90% offered a hourly rate of more than £12.75 £10.50 £12.90
10% offered a hourly rate of more than £40.26 £36.50 £37.50
UK excluding London average hourly rate £33.66 £25.50 £23.00
% change year-on-year
+31.98% +10.86%

Banking
Jobs Demand Trend in Hertfordshire

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

Banking Jobs Demand Trend in Hertfordshire

Banking
Daily Rate Trend in Hertfordshire

This chart provides the 3-month moving average for daily rates quoted in IT contract jobs citing Banking across the Hertfordshire region.

Banking Daily Rate Trend in Hertfordshire

Banking
Daily Rate Histogram in Hertfordshire

This chart provides a histogram of daily rates quoted in contract IT jobs citing Banking across the Hertfordshire region over the 3 months to 10 February 2016.

Banking Daily Rate Histogram in Hertfordshire

Banking
Hourly Rate Trend in Hertfordshire

This chart provides the 3-month moving average for hourly rates quoted in IT contractor jobs citing Banking across the Hertfordshire region.

Banking Hourly Rate Trend in Hertfordshire

Banking
Contract Job Locations in Hertfordshire

The table below looks at the demand and provides a guide to the average contractor rates quoted in IT jobs citing Banking within the Hertfordshire region over the 3 months to 10 February 2016. The 'Rank Change' column provides an indication of the change in demand within each location based on the same 3 month period last year.

Location
(Use links below to see detailed
statistics and historical trends)
Rank Change
on Same Period
Last Year
Matching
Contract
IT Job Ads
Average
Daily Rate
Last 3 Months
Average Daily Rate
% Change
on Same Period
Last Year
Live
Job
Vacancies
Watford -5 2 - -
Banking
East of England

Banking
Top 30 Related IT Skills in Hertfordshire

For the 6 months to 10 February 2016, IT contractor jobs across the Hertfordshire region citing 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 Banking.

1 9 (37.50%) Finance
2 7 (29.17%) Investment Management
3 6 (25.00%) Telecoms
3 6 (25.00%) Microsoft
4 4 (16.67%) Service Management
4 4 (16.67%) ITSM
4 4 (16.67%) BMC
4 4 (16.67%) Remedy
4 4 (16.67%) Web Services
4 4 (16.67%) XML
4 4 (16.67%) ITIL
4 4 (16.67%) Remedy ITSM
5 3 (12.50%) SCOM
5 3 (12.50%) Agile Software Development
5 3 (12.50%) Retail
5 3 (12.50%) Blue Coat
5 3 (12.50%) BIG-IP
5 3 (12.50%) QMS
5 3 (12.50%) Cisco ASA
5 3 (12.50%) Capacity Management
5 3 (12.50%) F5
5 3 (12.50%) F5 BIG-IP LTM
5 3 (12.50%) F5 BIG-IP GTM
5 3 (12.50%) MS Excel
5 3 (12.50%) CheckPoint
5 3 (12.50%) Symantec
5 3 (12.50%) MPLS
5 3 (12.50%) HP
5 3 (12.50%) SLA
5 3 (12.50%) Cisco

Banking
Top Related IT Skills in Hertfordshire by Category

For the 6 months to 10 February 2016, IT contractor jobs across the Hertfordshire region citing 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 Banking. Up to 20 skills are shown per category.

Application Platforms
1 2 (8.33%) Tomcat
Applications
1 3 (12.50%) MS Excel
2 2 (8.33%) MS PowerPoint
Business Applications
1 4 (16.67%) Remedy ITSM
2 2 (8.33%) Dynamics CRM
Cloud Services
1 2 (8.33%) SaaS
Communications & Networking
1 3 (12.50%) ATM
1 3 (12.50%) BIG-IP
1 3 (12.50%) Cisco ASA
1 3 (12.50%) DNS
1 3 (12.50%) F5 BIG-IP GTM
1 3 (12.50%) F5 BIG-IP LTM
1 3 (12.50%) MPLS
2 2 (8.33%) Intrusion Detection
3 1 (4.17%) LAN
3 1 (4.17%) WAN
3 1 (4.17%) Wi-Fi
Database & Business Intelligence
1 2 (8.33%) Oracle Database
2 1 (4.17%) Data Warehouse
Development Applications
1 2 (8.33%) Oracle Forms
General
1 9 (37.50%) Finance
2 6 (25.00%) Telecoms
3 3 (12.50%) Retail
4 2 (8.33%) Corporate Banking
4 2 (8.33%) Investment Banking
5 1 (4.17%) Games
5 1 (4.17%) Retail Banking
Job Titles
1 5 (20.83%) Analyst
2 4 (16.67%) Developer
2 4 (16.67%) Project Manager
3 3 (12.50%) Agile Project Manager
3 3 (12.50%) Banking Project Manager
3 3 (12.50%) Infrastructure Engineer
3 3 (12.50%) Network Specialist
3 3 (12.50%) Remedy Analyst
3 3 (12.50%) Technical Specialist
4 2 (8.33%) Agile Scrum Master
4 2 (8.33%) CRM Trainer
4 2 (8.33%) Dynamics CRM Trainer
4 2 (8.33%) Financial Analyst
4 2 (8.33%) Integration Analyst
4 2 (8.33%) ITSM Analyst
4 2 (8.33%) Microsoft Trainer
4 2 (8.33%) Oracle ETL Developer
4 2 (8.33%) ScrumMaster Project Manager
4 2 (8.33%) Security Manager
4 2 (8.33%) Senior Scrum Master
Libraries, Frameworks & Software Standards
1 4 (16.67%) Web Services
1 4 (16.67%) XML
2 2 (8.33%) J2EE
3 1 (4.17%) CSS
3 1 (4.17%) HTML
Miscellaneous
1 2 (8.33%) Analytical Skills
1 2 (8.33%) Data Centre
Operating Systems
1 2 (8.33%) Apple iOS
1 2 (8.33%) Unix
1 2 (8.33%) Windows
Processes & Methodologies
1 7 (29.17%) Investment Management
2 4 (16.67%) ITIL
2 4 (16.67%) ITSM
2 4 (16.67%) Service Management
3 3 (12.50%) Agile Software Development
3 3 (12.50%) Capacity Management
3 3 (12.50%) QMS
3 3 (12.50%) Service Delivery
4 2 (8.33%) Configuration Management
4 2 (8.33%) ETL
4 2 (8.33%) ETL Development
4 2 (8.33%) High Availability
4 2 (8.33%) Integration Testing
4 2 (8.33%) Line Management
4 2 (8.33%) Matrix Management
4 2 (8.33%) Requirements Analysis
4 2 (8.33%) Risk Analysis
4 2 (8.33%) SDLC
4 2 (8.33%) SIEM
4 2 (8.33%) Use Case
Programming Languages
1 2 (8.33%) Java
1 2 (8.33%) PL/SQL
1 2 (8.33%) SQL
2 1 (4.17%) JavaScript
Qualifications
1 2 (8.33%) CISA
1 2 (8.33%) CISSP
1 2 (8.33%) Degree
2 1 (4.17%) ISEB
2 1 (4.17%) ISTQB
2 1 (4.17%) ISTQB Foundation Certification
Quality Assurance & Compliance
1 3 (12.50%) SLA
2 2 (8.33%) ISO/IEC 27001
2 2 (8.33%) PCI DSS
2 2 (8.33%) Sarbanes-Oxley
Systems Management
1 3 (12.50%) SCOM
2 2 (8.33%) Oracle RMAN
Vendors
1 6 (25.00%) Microsoft
2 4 (16.67%) BMC
2 4 (16.67%) Remedy
3 3 (12.50%) Blue Coat
3 3 (12.50%) CheckPoint
3 3 (12.50%) Cisco
3 3 (12.50%) F5
3 3 (12.50%) HP
3 3 (12.50%) Symantec
4 2 (8.33%) iManage
4 2 (8.33%) Oracle
5 1 (4.17%) BT
5 1 (4.17%) ION Trading
5 1 (4.17%) Teradata