The table below looks at the prevalence of the term Wholesale Banking in IT contracts advertised for the 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 19 September 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
19 Sep 2014
Same period 2013 Same period 2012
Wholesale Banking
Rank 412 418 349
Rank change year-on-year
+6 -69
Contract jobs citing Wholesale Banking 8 16 57
As % of all contract IT jobs located in London 0.033% 0.064% 0.22%
As % of the General category 0.073% 0.13% 0.42%
Number of daily rates quoted 5 11 37
Average daily rate
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£500 £450 £500
Average daily rate % change year-on-year
+11.11% -10.00%
90% offered a daily rate of more than £418 £325 £415
10% offered a daily rate of more than £565 £538 £575
UK excluding London average daily rate - £350 £375
% change year-on-year
- -6.66%
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
Wholesale Banking
England

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

General Category
London
Contract IT job ads with a match in the
General category
11019 12735 13522
As % of all contract IT jobs located in London 44.99% 50.67% 52.36%
Number of daily rates quoted 7766 8967 9260
Average daily rate £475 £475 £475
90% offered a daily rate of more than £300 £300 £300
10% offered a daily rate of more than £625 £650 £625
UK excluding London average daily rate £400 £380 £375
% change year-on-year
+5.26% +1.33%
Number of hourly rates quoted 147 175 249
Average hourly rate £20.13 £22.00 £22.00
Average hourly rate % change year-on-year
-8.48% -
90% offered a hourly rate of more than £11.50 £13.00 £14.00
10% offered a hourly rate of more than £39.00 £48.00 £50.00
UK excluding London average hourly rate £23.00 £20.50 £28.50
% change year-on-year
+12.19% -28.07%

Wholesale Banking
Jobs Demand Trend in London

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

Wholesale Banking Jobs Demand Trend in London

Wholesale Banking
Daily Rate Trend in London

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

Wholesale Banking Daily Rate Trend in London

Wholesale Banking
Daily Rate Histogram in London

This chart provides a histogram of daily rates quoted in contract IT jobs citing Wholesale Banking across the London region over the 3 months to 19 September 2014.

Wholesale Banking Daily Rate Histogram in London

Wholesale Banking
Contract Job Locations in London

The table below looks at the demand and provides a guide to the average contractor rates quoted in IT jobs citing Wholesale Banking within the London region over the 3 months to 19 September 2014. 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
City of London +28 2 £481 +60.41% 1
Bromley - - - -
Wholesale Banking
England

Wholesale Banking
Top 30 Related IT Skills in London

For the 6 months to 19 September 2014, IT contractor jobs across the 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 13 (100.00%) Banking
2 10 (76.92%) Finance
3 7 (53.85%) Data Modelling
4 6 (46.15%) CGI
4 6 (46.15%) Misys
4 6 (46.15%) Change Management
4 6 (46.15%) Business Analysis
4 6 (46.15%) Loan IQ
4 6 (46.15%) SWIFT
5 5 (38.46%) Analytical Skills
5 5 (38.46%) Use Case
5 5 (38.46%) Stakeholder Management
6 4 (30.77%) Fixed Income
6 4 (30.77%) Investment Banking
7 3 (23.08%) MBA
7 3 (23.08%) Derivative
7 3 (23.08%) Degree
7 3 (23.08%) Market Risk
7 3 (23.08%) IIBA
7 3 (23.08%) CBAP
7 3 (23.08%) Oracle
8 2 (15.38%) Foreign Exchange (FX)
8 2 (15.38%) Business Development
8 2 (15.38%) Credit Risk
8 2 (15.38%) Equity Derivative
8 2 (15.38%) Project Management
9 1 (7.69%) ION Trading
9 1 (7.69%) Systems Analysis
9 1 (7.69%) Software Testing
9 1 (7.69%) Incident Management

Wholesale Banking
Top Related IT Skills in London by Category

For the 6 months to 19 September 2014, IT contractor jobs across the 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 (7.69%) MS Visio
Business Applications
1 6 (46.15%) Loan IQ
Database & Business Intelligence
1 1 (7.69%) Data Warehouse
General
1 13 (100.00%) Banking
2 10 (76.92%) Finance
3 4 (30.77%) Investment Banking
4 1 (7.69%) Marketing
4 1 (7.69%) Legal
4 1 (7.69%) Manufacturing
4 1 (7.69%) Financial Institution
4 1 (7.69%) Front Office
4 1 (7.69%) Telecoms
Job Titles
1 8 (61.54%) Business Analyst
1 8 (61.54%) Analyst
2 2 (15.38%) Consultant
3 1 (7.69%) IT Business Analyst
3 1 (7.69%) Investment Banking Business Analyst
3 1 (7.69%) Financial Analyst
3 1 (7.69%) Banking Business Analyst
3 1 (7.69%) Market Risk Business Analyst
3 1 (7.69%) Business Consultant
3 1 (7.69%) Support Manager
3 1 (7.69%) Risk Analyst
3 1 (7.69%) Financial Business Analyst
3 1 (7.69%) Development Manager
3 1 (7.69%) Market Risk Analyst
Libraries, Frameworks & Software Standards
1 6 (46.15%) CGI
2 1 (7.69%) XML
Miscellaneous
1 6 (46.15%) SWIFT
2 5 (38.46%) Analytical Skills
3 4 (30.77%) Fixed Income
4 3 (23.08%) Derivative
4 3 (23.08%) Market Risk
5 2 (15.38%) Foreign Exchange (FX)
5 2 (15.38%) Credit Risk
5 2 (15.38%) Equity Derivative
6 1 (7.69%) Equities
Operating Systems
1 1 (7.69%) Windows 7
1 1 (7.69%) Windows
Processes & Methodologies
1 7 (53.85%) Data Modelling
2 6 (46.15%) Change Management
2 6 (46.15%) Business Analysis
3 5 (38.46%) Use Case
3 5 (38.46%) Stakeholder Management
4 2 (15.38%) Business Development
4 2 (15.38%) Project Management
5 1 (7.69%) Systems Analysis
5 1 (7.69%) Software Testing
5 1 (7.69%) Incident Management
5 1 (7.69%) Business Analytics
5 1 (7.69%) Analytics
5 1 (7.69%) Digital Marketing
5 1 (7.69%) Stress Testing
5 1 (7.69%) Greeks
5 1 (7.69%) Configuration Management
5 1 (7.69%) Risk Management
5 1 (7.69%) Programme Management
5 1 (7.69%) Business Intelligence
Programming Languages
1 1 (7.69%) PowerShell
1 1 (7.69%) C#
1 1 (7.69%) SQL
Qualifications
1 3 (23.08%) MBA
1 3 (23.08%) Degree
1 3 (23.08%) IIBA
1 3 (23.08%) CBAP
System Software
1 1 (7.69%) Active Directory
Systems Management
1 1 (7.69%) SCCM
1 1 (7.69%) HP Quality Center
Vendors
1 6 (46.15%) Misys
2 3 (23.08%) Oracle
3 1 (7.69%) ION Trading
3 1 (7.69%) Microsoft
3 1 (7.69%) Murex
3 1 (7.69%) SAP
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