Banking
UK
The table below looks at the prevalence of the term Banking in contract job vacancies. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Banking over the 6 months to 27 April 2024 with a comparison to the same period over the previous 2 years.
| 6 months to 27 Apr 2024 |
Same period 2023 | Same period 2022 | |
|---|---|---|---|
| Rank | 25 | 24 | 27 |
| Rank change year-on-year | -1 | +3 | -5 |
| Contract jobs citing Banking | 2,648 | 4,536 | 6,371 |
| As % of all contract jobs advertised in the UK | 6.12% | 7.58% | 7.17% |
| As % of the General category | 10.50% | 12.97% | 12.80% |
| Number of daily rates quoted | 1,796 | 3,139 | 4,265 |
| 10th Percentile | £383 | £450 | £425 |
| 25th Percentile | £500 | £525 | £513 |
| Median daily rate (50th Percentile) | £618 | £650 | £625 |
| Median % change year-on-year | -5.00% | +4.00% | +13.64% |
| 75th Percentile | £750 | £788 | £738 |
| 90th Percentile | £850 | £888 | £813 |
| UK excluding London median daily rate | £519 | £550 | £500 |
| % change year-on-year | -5.68% | +10.00% | +17.65% |
| Number of hourly rates quoted | 25 | 8 | 24 |
| 10th Percentile | £12.12 | £12.66 | £12.50 |
| 25th Percentile | £12.84 | £19.41 | £17.13 |
| Median hourly rate | £19.50 | £21.00 | £25.71 |
| Median % change year-on-year | -7.14% | -18.30% | +62.07% |
| 75th Percentile | £30.00 | £47.95 | £44.63 |
| 90th Percentile | £79.30 | £67.22 | £73.00 |
| UK excluding London median hourly rate | £18.27 | £64.38 | £16.00 |
| % change year-on-year | -71.62% | +302.34% | +14.04% |
All General Skills
UK
Banking is in the General Skills category. The following table is for comparison with the above and provides summary statistics for all contract job vacancies with a requirement for common skills.
| Contract vacancies with a requirement for common skills | 25,217 | 34,983 | 49,764 |
| As % of all contract IT jobs advertised in the UK | 58.24% | 58.49% | 56.02% |
| Number of daily rates quoted | 15,921 | 24,245 | 34,457 |
| 10th Percentile | £270 | £313 | £319 |
| 25th Percentile | £413 | £440 | £425 |
| Median daily rate (50th Percentile) | £525 | £550 | £533 |
| Median % change year-on-year | -4.55% | +3.29% | +7.58% |
| 75th Percentile | £650 | £675 | £650 |
| 90th Percentile | £763 | £775 | £750 |
| UK excluding London median daily rate | £496 | £500 | £475 |
| % change year-on-year | -0.90% | +5.26% | +11.76% |
| Number of hourly rates quoted | 1,927 | 1,077 | 1,444 |
| 10th Percentile | £12.78 | £13.46 | £12.50 |
| 25th Percentile | £15.48 | £18.13 | £14.75 |
| Median hourly rate | £29.00 | £35.00 | £21.50 |
| Median % change year-on-year | -17.14% | +62.79% | -4.44% |
| 75th Percentile | £51.75 | £61.25 | £46.13 |
| 90th Percentile | £65.00 | £72.50 | £58.00 |
| UK excluding London median hourly rate | £27.51 | £30.54 | £18.50 |
| % change year-on-year | -9.93% | +65.08% | -7.50% |
Banking
Job Vacancy Trend
Job postings citing Banking as a proportion of all IT jobs advertised.
Banking
Contractor Daily Rate Trend
3-month moving average daily rate quoted in jobs citing Banking.
Banking
Daily Rate Histogram
Daily rate distribution for jobs citing Banking over the 6 months to 27 April 2024.
Banking
Contractor Hourly Rate Trend
3-month moving average hourly rates quoted in jobs citing Banking.
Banking
Hourly Rate Histogram
Hourly rate distribution of jobs citing Banking over the 6 months to 27 April 2024.
Banking
Top 17 Contract Locations
The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Banking within the UK over the 6 months to 27 April 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 |
|---|---|---|---|---|---|
| England | -4 | 2,251 | £625 | -3.85% | 754 |
| London | -3 | 1,855 | £650 | -3.70% | 568 |
| Work from Home | -1 | 1,168 | £625 | -3.85% | 275 |
| UK excluding London | -1 | 487 | £519 | -5.68% | 233 |
| North of England | +2 | 175 | £500 | -9.09% | 65 |
| Scotland | -4 | 133 | £575 | +15.00% | 47 |
| North West | +10 | 95 | £500 | -3.47% | 44 |
| South East | +29 | 83 | £513 | -14.58% | 39 |
| Yorkshire | -9 | 75 | £444 | -19.32% | 17 |
| Midlands | -10 | 42 | £484 | -12.05% | 34 |
| South West | +6 | 26 | £630 | +9.57% | 26 |
| East Midlands | +35 | 24 | £450 | +9.09% | 12 |
| East of England | +30 | 21 | £588 | +30.56% | 13 |
| West Midlands | -4 | 17 | £525 | -4.55% | 22 |
| Northern Ireland | -7 | 10 | £469 | +10.29% | 5 |
| North East | +17 | 5 | £500 | -30.56% | 4 |
| Isle of Man | - | 3 | - | - |
Banking
Co-occurring Skills and Capabilities 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:
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