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 22 May 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
22 May 2015
Same period 2014 Same period 2013
Banking
Rank 57 53 54
Rank change year-on-year
-4 +1
Contract jobs citing Banking 7 11 10
As % of all contract IT jobs located in Hertfordshire 0.94% 1.58% 1.54%
As % of the General category 3.21% 3.58% 3.23%
Number of daily rates quoted 5 2 7
Average daily rate
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£390 £344 £325
Average daily rate % change year-on-year
+13.45% +5.76%
90% offered a daily rate of more than £338 £289 £229
10% offered a daily rate of more than £535 £399 £376
UK excluding London average daily rate £413 £400 £396
% change year-on-year
+3.12% +1.01%
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate £10.44 £14.50 £18.00
% change year-on-year
-28.00% -19.44%
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
218 307 310
As % of all contract IT jobs located in Hertfordshire 29.34% 44.17% 47.62%
Number of daily rates quoted 102 144 149
Average daily rate £400 £388 £400
Average daily rate % change year-on-year
+3.22% -3.12%
90% offered a daily rate of more than £225 £169 £243
10% offered a daily rate of more than £625 £475 £550
UK excluding London average daily rate £400 £375 £375
% change year-on-year
+6.66% -
Number of hourly rates quoted 10 19 13
Average hourly rate £32.50 £21.00 £17.50
Average hourly rate % change year-on-year
+54.76% +20.00%
90% offered a hourly rate of more than £13.70 £11.90 £14.50
10% offered a hourly rate of more than £48.00 £23.86 £37.50
UK excluding London average hourly rate £25.00 £25.00 £25.00

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 22 May 2015.

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 22 May 2015. 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 0 2 £508 +23.03% 2
Welwyn Garden City -3 1 £310 -
Banking
East of England

Banking
Top 30 Related IT Skills in Hertfordshire

For the 6 months to 22 May 2015, 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 11 (64.71%) Finance
2 4 (23.53%) SQL
2 4 (23.53%) Linux
2 4 (23.53%) Agile Software Development
3 3 (17.65%) Software Testing
3 3 (17.65%) JIRA
3 3 (17.65%) Test Management
3 3 (17.65%) QA
3 3 (17.65%) Credit Risk
3 3 (17.65%) HP Quality Center
3 3 (17.65%) SWIFT
3 3 (17.65%) JavaScript
3 3 (17.65%) UNIX
3 3 (17.65%) HP
3 3 (17.65%) QuickTest Pro
3 3 (17.65%) Shell Script
3 3 (17.65%) Test Planning
4 2 (11.76%) Firewall
4 2 (11.76%) Red Hat
4 2 (11.76%) CheckPoint
4 2 (11.76%) ERP
4 2 (11.76%) SAP
4 2 (11.76%) ITIL
4 2 (11.76%) F5
4 2 (11.76%) Cisco Nexus
4 2 (11.76%) Stakeholder Engagement
4 2 (11.76%) Cisco ASA
4 2 (11.76%) Red Hat Enterprise Linux
4 2 (11.76%) Infoblox
4 2 (11.76%) Test Scripting

Banking
Top Related IT Skills in Hertfordshire by Category

For the 6 months to 22 May 2015, 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 1 (5.88%) SAS
Applications
1 1 (5.88%) MS PowerPoint
1 1 (5.88%) MS Project
1 1 (5.88%) MS Excel
Communications & Networking
1 2 (11.76%) Firewall
1 2 (11.76%) Cisco Nexus
1 2 (11.76%) Cisco ASA
1 2 (11.76%) Network Security
Database & Business Intelligence
1 1 (5.88%) Base SAS
1 1 (5.88%) Data Warehouse
Development Applications
1 3 (17.65%) JIRA
1 3 (17.65%) QuickTest Pro
General
1 11 (64.71%) Finance
2 1 (5.88%) Retail
2 1 (5.88%) Telecoms
Job Titles
1 7 (41.18%) Analyst
2 3 (17.65%) Business Analyst
2 3 (17.65%) Tester
3 2 (11.76%) Network Analyst
3 2 (11.76%) Security Analyst
3 2 (11.76%) Architect
3 2 (11.76%) Test Analyst
3 2 (11.76%) Consultant
3 2 (11.76%) Designer
3 2 (11.76%) Network Security Analyst
3 2 (11.76%) Linux Consultant
3 2 (11.76%) SAP Business Analyst
4 1 (5.88%) UML Business Analyst
4 1 (5.88%) Linux Engineer
4 1 (5.88%) SAP Analyst
4 1 (5.88%) Build Engineer
4 1 (5.88%) Infrastructure Project Manager
4 1 (5.88%) Solutions Architect
4 1 (5.88%) Project Manager
4 1 (5.88%) Infrastructure Manager
Miscellaneous
1 3 (17.65%) Credit Risk
1 3 (17.65%) SWIFT
2 1 (5.88%) Management Information System
2 1 (5.88%) Analytical Skills
Operating Systems
1 4 (23.53%) Linux
2 3 (17.65%) UNIX
3 2 (11.76%) Red Hat Enterprise Linux
Processes & Methodologies
1 4 (23.53%) Agile Software Development
2 3 (17.65%) Software Testing
2 3 (17.65%) Test Management
2 3 (17.65%) Test Planning
3 2 (11.76%) ERP
3 2 (11.76%) ITIL
3 2 (11.76%) Stakeholder Engagement
3 2 (11.76%) Test Scripting
3 2 (11.76%) Validation
4 1 (5.88%) Stakeholder Management
4 1 (5.88%) Business Analysis
4 1 (5.88%) Use Case
4 1 (5.88%) Waterfall
4 1 (5.88%) Data Reconciliation
4 1 (5.88%) PRINCE2
4 1 (5.88%) UML
4 1 (5.88%) DSDM
4 1 (5.88%) E-Commerce
4 1 (5.88%) ETL
4 1 (5.88%) Change Management
Programming Languages
1 4 (23.53%) SQL
2 3 (17.65%) JavaScript
2 3 (17.65%) Shell Script
3 1 (5.88%) VBA
Qualifications
1 1 (5.88%) Degree
1 1 (5.88%) ISEB
Quality Assurance & Compliance
1 3 (17.65%) QA
System Software
1 2 (11.76%) Xen
Systems Management
1 3 (17.65%) HP Quality Center
Vendors
1 3 (17.65%) HP
2 2 (11.76%) Red Hat
2 2 (11.76%) CheckPoint
2 2 (11.76%) SAP
2 2 (11.76%) F5
2 2 (11.76%) Infoblox
2 2 (11.76%) Blue Coat
2 2 (11.76%) Cisco