The table below looks at the prevalence of the term Banking in IT contracts advertised for the Luton region. Included is a guide to the average contractor rates offered in IT contracts that have cited Banking over the 3 months to 4 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
4 Aug 2015
Same period 2014 Same period 2013
Banking
Rank 25 35 15
Rank change year-on-year
+10 -20
Contract jobs citing Banking 2 2 2
As % of all contract IT jobs located in Luton 1.37% 1.02% 2.50%
As % of the General category 3.39% 2.50% 7.41%
Number of daily rates quoted 1 2 0
Average daily rate
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£300 £481 -
Average daily rate % change year-on-year
-37.66% -
UK excluding London average daily rate £400 £400 £400
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate £11.60 £17.00 £22.50
% change year-on-year
-31.79% -24.44%
Banking
Bedfordshire

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

General Category
Luton
Contract IT job ads with a match in the
General category
59 80 27
As % of all contract IT jobs located in Luton 40.41% 40.61% 33.75%
Number of daily rates quoted 46 65 12
Average daily rate £425 £425 £488
Average daily rate % change year-on-year
- -12.82%
90% offered a daily rate of more than £162 £375 £313
10% offered a daily rate of more than £566 £533 £740
UK excluding London average daily rate £395 £388 £388
% change year-on-year
+1.93% -
Number of hourly rates quoted 5 2 3
Average hourly rate £11.00 £21.00 £16.25
Average hourly rate % change year-on-year
-47.61% +29.23%
90% offered a hourly rate of more than £9.50 £13.80 £13.25
10% offered a hourly rate of more than £51.30 £28.20 £21.25
UK excluding London average hourly rate £22.50 £21.50 £22.50
% change year-on-year
+4.65% -4.44%

Banking
Jobs Demand Trend in Luton

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

Banking Jobs Demand Trend in Luton

Banking
Daily Rate Trend in Luton

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

Banking Daily Rate Trend in Luton

Banking
Top 19 Related IT Skills in Luton

For the 6 months to 4 August 2015, IT contractor jobs across the Luton 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 2 (50.00%) E-Commerce
1 2 (50.00%) Finance
1 2 (50.00%) Legal
1 2 (50.00%) Release Management
2 1 (25.00%) Test Strategy
2 1 (25.00%) Data Quality
2 1 (25.00%) Non-Functional Testing
2 1 (25.00%) Technical Analysis
2 1 (25.00%) SDLC
2 1 (25.00%) Data Warehouse
2 1 (25.00%) Programme Management
2 1 (25.00%) Agile Software Development
2 1 (25.00%) QA
2 1 (25.00%) Credit Risk
2 1 (25.00%) SAS
2 1 (25.00%) Business Intelligence
2 1 (25.00%) Project Management
2 1 (25.00%) Regression Testing
2 1 (25.00%) Telecoms

Banking
Top Related IT Skills in Luton by Category

For the 6 months to 4 August 2015, IT contractor jobs across the Luton 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 (25.00%) SAS
Database & Business Intelligence
1 1 (25.00%) Data Warehouse
General
1 2 (50.00%) Finance
1 2 (50.00%) Legal
2 1 (25.00%) Telecoms
Job Titles
1 2 (50.00%) Analyst
2 1 (25.00%) Test Manager
2 1 (25.00%) Senior Manager
2 1 (25.00%) Release Analyst
2 1 (25.00%) Release Manager
2 1 (25.00%) Data Analyst
2 1 (25.00%) SAS Analyst
2 1 (25.00%) Transition Manager
2 1 (25.00%) Credit Risk Analyst
2 1 (25.00%) SAS Data Analyst
Miscellaneous
1 1 (25.00%) Credit Risk
Processes & Methodologies
1 2 (50.00%) E-Commerce
1 2 (50.00%) Release Management
2 1 (25.00%) Test Strategy
2 1 (25.00%) Non-Functional Testing
2 1 (25.00%) Technical Analysis
2 1 (25.00%) SDLC
2 1 (25.00%) Business Intelligence
2 1 (25.00%) Project Management
2 1 (25.00%) Regression Testing
2 1 (25.00%) Programme Management
2 1 (25.00%) Agile Software Development
Quality Assurance & Compliance
1 1 (25.00%) QA
1 1 (25.00%) Data Quality