Investment Banking Java Developer Contracts

Java Developer - Investment Banking
UK

The median Java Developer - Investment Banking daily rate in the UK is £600 according to job vacancies posted during the 6 months to 25 April 2024.

The first table below provides contractor rate benchmarking and summary statistics including a comparison to same period in the previous 2 years.

6 months to
25 Apr 2024
Same period 2023 Same period 2022
Rank 561 658 733
Rank change year-on-year +97 +75 -147
Contract jobs requiring an Investment Banking Java Developer 25 64 98
As % of all contract jobs advertised in the UK 0.057% 0.11% 0.11%
As % of the Job Titles category 0.062% 0.11% 0.12%
Number of daily rates quoted 24 55 80
10th Percentile - £638 £675
25th Percentile - £700 £750
Median daily rate (50th Percentile) £600 £750 £800
Median % change year-on-year -20.00% -6.25% +14.29%
75th Percentile £950 £813 £900
90th Percentile £1,100 £1,300 £913
UK excluding London median daily rate £400 £750 -
% change year-on-year -46.67% - -

All Contract IT Job Vacancies
UK

The following table is for comparison with the above and includes summary statistics for all contract IT job vacancies. Most job vacancies include a discernible job title that can be normalized. As such, the figures in the second row provide an indication of the number of contract jobs in our overall sample.

Contract vacancies in the UK with a recognized job title 40,482 56,783 84,604
% of contract IT jobs with a recognized job title 92.77% 94.58% 95.49%
Number of daily rates quoted 26,407 39,621 59,331
10th Percentile £275 £313 £313
25th Percentile £408 £425 £425
Median daily rate (50th Percentile) £525 £540 £525
Median % change year-on-year -2.78% +2.86% +10.53%
75th Percentile £638 £650 £638
90th Percentile £750 £750 £725
UK excluding London median daily rate £490 £500 £475
% change year-on-year -2.00% +5.26% +11.76%
Number of hourly rates quoted 2,642 1,607 2,111
10th Percentile £12.86 £14.28 £12.50
25th Percentile £16.30 £19.45 £15.50
Median hourly rate £35.68 £45.00 £23.00
Median % change year-on-year -20.71% +95.65% +1.41%
75th Percentile £60.00 £65.75 £48.75
90th Percentile £72.50 £75.60 £63.00
UK excluding London median hourly rate £37.50 £42.50 £19.50
% change year-on-year -11.76% +117.95% +2.63%

Investment Banking Java Developer
Job Vacancy Trend

Job postings that featured Investment Banking Java Developer in the job title as a proportion of all IT jobs advertised.

Job vacancy trend for Investment Banking Java Developer in the UK

Investment Banking Java Developer
Contractor Daily Rate Trend

3-month moving average daily rate quoted in jobs citing Investment Banking Java Developer.

Daily rate trend for Investment Banking Java Developer in the UK

Investment Banking Java Developer
Daily Rate Histogram

Daily rate distribution for jobs citing Investment Banking Java Developer over the 6 months to 25 April 2024.

Daily rate histogram for Investment Banking Java Developer in the UK

Investment Banking Java Developer
Top 5 Contract Locations

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Investment Banking Java Developer within the UK over the 6 months to 25 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 +89 25 £600 -20.00% 1
London +74 24 £600 -20.00% 1
Work from Home +117 19 £600 -20.00%
UK excluding London +63 1 £400 -46.67%
South West - 1 £400 -

Investment Banking Java Developer Skill Set
Top 30 Co-occurring Skills and Capabilities

For the 6 months to 25 April 2024, Investment Banking Java Developer contract job roles required the following skills and capabilities in order of popularity. The figures indicate the absolute number co-occurrences and as a proportion of all contract job ads featuring Investment Banking Java Developer in the job title.

1 25 (100.00%) Java
1 25 (100.00%) Banking
1 25 (100.00%) Investment Banking
2 16 (64.00%) Front Office
2 16 (64.00%) Finance
3 14 (56.00%) RAD
3 14 (56.00%) Derivative
4 13 (52.00%) Equity Derivative
5 6 (24.00%) Electronic Trading
5 6 (24.00%) SQL
5 6 (24.00%) Fixed Income
6 5 (20.00%) Multithreading
6 5 (20.00%) SDLC
7 4 (16.00%) Problem-Solving
7 4 (16.00%) Analytical Skills
7 4 (16.00%) Agile
7 4 (16.00%) C#
8 3 (12.00%) .NET
8 3 (12.00%) Microservices
8 3 (12.00%) React
8 3 (12.00%) NoSQL
8 3 (12.00%) CI/CD
9 2 (8.00%) Distributed Computing
9 2 (8.00%) Social Skills
9 2 (8.00%) Event-Driven
9 2 (8.00%) Event-Driven Programming
9 2 (8.00%) Solace
9 2 (8.00%) Garbage Collection
9 2 (8.00%) Algorithmic Pricing
9 2 (8.00%) OpenFin

Investment Banking Java Developer Skill Set
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:

Applications
1 2 (8.00%) Microsoft Excel
Database & Business Intelligence
1 3 (12.00%) NoSQL
2 2 (8.00%) Hazelcast
2 2 (8.00%) KDB
2 2 (8.00%) MongoDB
2 2 (8.00%) SQL Server
3 1 (4.00%) Apache Cassandra
3 1 (4.00%) CockroachDB
3 1 (4.00%) Relational Database
Development Applications
1 1 (4.00%) JIRA
1 1 (4.00%) TeamCity
General
1 25 (100.00%) Banking
1 25 (100.00%) Investment Banking
2 16 (64.00%) Finance
2 16 (64.00%) Front Office
3 4 (16.00%) Analytical Skills
4 2 (8.00%) Social Skills
5 1 (4.00%) Inclusion and Diversity
Libraries, Frameworks & Software Standards
1 3 (12.00%) .NET
1 3 (12.00%) React
2 2 (8.00%) .NET Framework
2 2 (8.00%) Guice
2 2 (8.00%) HTML
2 2 (8.00%) HTML5
2 2 (8.00%) OpenFin
2 2 (8.00%) Spring
3 1 (4.00%) CSS
3 1 (4.00%) JPA
3 1 (4.00%) Reactive Extensions
3 1 (4.00%) Redux
3 1 (4.00%) REST
3 1 (4.00%) Spring Boot
3 1 (4.00%) WPF
Miscellaneous
1 14 (56.00%) Derivative
2 13 (52.00%) Equity Derivative
3 6 (24.00%) Fixed Income
4 2 (8.00%) Distributed Computing
4 2 (8.00%) Self-Motivation
5 1 (4.00%) Equities
5 1 (4.00%) Spread Betting
Operating Systems
1 2 (8.00%) Linux
1 2 (8.00%) Unix
1 2 (8.00%) Windows
Processes & Methodologies
1 14 (56.00%) RAD
2 6 (24.00%) Electronic Trading
3 5 (20.00%) Multithreading
3 5 (20.00%) SDLC
4 4 (16.00%) Agile
4 4 (16.00%) Problem-Solving
5 3 (12.00%) CI/CD
5 3 (12.00%) Microservices
6 2 (8.00%) Algorithmic Pricing
6 2 (8.00%) Algorithmic Trading
6 2 (8.00%) Analytics
6 2 (8.00%) Decision-Making
6 2 (8.00%) DevOps
6 2 (8.00%) Event-Driven
6 2 (8.00%) Event-Driven Programming
6 2 (8.00%) Garbage Collection
6 2 (8.00%) Kanban
6 2 (8.00%) Low Latency
6 2 (8.00%) Scrum
6 2 (8.00%) Visualisation
Programming Languages
1 25 (100.00%) Java
2 6 (24.00%) SQL
3 4 (16.00%) C#
4 2 (8.00%) C++
4 2 (8.00%) JavaScript
4 2 (8.00%) Python
4 2 (8.00%) Shell Script
4 2 (8.00%) VBA
5 1 (4.00%) TypeScript
Qualifications
1 1 (4.00%) Degree
Vendors
1 2 (8.00%) Google
1 2 (8.00%) Oracle
1 2 (8.00%) Solace
2 1 (4.00%) Microsoft