Investment Banking Contracts

Investment Banking
UK

The table below looks at the prevalence of the term Investment Banking in contract job vacancies. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Investment Banking over the 6 months to 10 May 2024 with a comparison to the same period over the previous 2 years.

6 months to
10 May 2024
Same period 2023 Same period 2022
Rank 168 122 128
Rank change year-on-year -46 +6 +30
Contract jobs citing Investment Banking 599 1,241 1,807
As % of all contract jobs advertised in the UK 1.39% 2.14% 2.07%
As % of the General category 2.40% 3.66% 3.68%
Number of daily rates quoted 439 900 1,295
10th Percentile £500 £500 £525
25th Percentile £588 £564 £613
Median daily rate (50th Percentile) £725 £700 £700
Median % change year-on-year +3.57% - +7.69%
75th Percentile £850 £806 £800
90th Percentile £888 £950 £875
UK excluding London median daily rate £550 £515 £525
% change year-on-year +6.80% -1.90% +7.69%
Number of hourly rates quoted 1 2 4
10th Percentile - £62.84 £22.55
25th Percentile £18.25 £63.83 £37.63
Median hourly rate £19.50 £66.56 £53.50
Median % change year-on-year -70.70% +24.42% +137.78%
75th Percentile £20.75 £68.20 £68.69
90th Percentile - £68.53 £79.83
UK excluding London median hourly rate £19.50 £66.56 £30.00
% change year-on-year -70.70% +121.88% -

All General Skills
UK

Investment 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 24,955 33,889 49,124
As % of all contract IT jobs advertised in the UK 58.03% 58.54% 56.27%
Number of daily rates quoted 15,747 23,499 34,070
10th Percentile £275 £313 £320
25th Percentile £413 £440 £425
Median daily rate (50th Percentile) £525 £550 £538
Median % change year-on-year -4.55% +2.33% +7.50%
75th Percentile £650 £675 £650
90th Percentile £775 £775 £750
UK excluding London median daily rate £500 £500 £475
% change year-on-year - +5.26% +10.47%
Number of hourly rates quoted 1,935 1,038 1,413
10th Percentile £12.76 £13.41 £12.50
25th Percentile £15.50 £17.75 £15.00
Median hourly rate £30.16 £33.91 £22.00
Median % change year-on-year -11.06% +54.14% -2.22%
75th Percentile £52.89 £61.25 £47.40
90th Percentile £65.55 £72.50 £60.00
UK excluding London median hourly rate £28.50 £29.00 £18.82
% change year-on-year -1.72% +54.07% -5.50%

Investment Banking
Job Vacancy Trend

Job postings citing Investment Banking as a proportion of all IT jobs advertised.

Job vacancy trend for Investment Banking in the UK

Investment Banking
Contractor Daily Rate Trend

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

Daily rate trend for Investment Banking in the UK

Investment Banking
Daily Rate Histogram

Daily rate distribution for jobs citing Investment Banking over the 6 months to 10 May 2024.

Daily rate histogram for Investment Banking in the UK

Investment Banking
Contractor Hourly Rate Trend

3-month moving average hourly rates quoted in jobs citing Investment Banking.

Hourly rate trend for Investment Banking in the UK

Investment Banking
Top 13 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 within the UK over the 6 months to 10 May 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 -63 556 £725 +3.57% 120
London -22 530 £750 +7.14% 108
Work from Home +21 238 £800 +11.89% 36
UK excluding London +10 41 £550 +6.80% 17
Scotland +4 19 £550 -8.33% 6
South East +26 10 - - 3
North of England +22 10 £625 +38.89% 4
North West +9 8 £625 +38.89% 3
South West +18 2 £463 +2.78%
Midlands +22 1 - - 1
West Midlands +14 1 - - 1
Yorkshire - 1 £400 - 1
North East - 1 - -

Investment 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:

Application Platforms
1 91 (15.19%) Apache
2 90 (15.03%) Apache Airflow
3 12 (2.00%) Apache Spark
4 6 (1.00%) SharePoint
5 5 (0.83%) Confluence
5 5 (0.83%) Microsoft Exchange
6 3 (0.50%) CMS
6 3 (0.50%) Headless CMS
6 3 (0.50%) SAS
7 2 (0.33%) Adobe Experience Manager
7 2 (0.33%) nginx
8 1 (0.17%) GemFire
8 1 (0.17%) IIS
8 1 (0.17%) Oracle Coherence
8 1 (0.17%) Oracle Workflow
8 1 (0.17%) WebSphere
Applications
1 26 (4.34%) Microsoft Excel
2 13 (2.17%) Microsoft PowerPoint
3 9 (1.50%) Microsoft Office
4 4 (0.67%) Microsoft Project
5 2 (0.33%) Sketch
5 2 (0.33%) Spreadsheet
6 1 (0.17%) InVision
Business Applications
1 12 (2.00%) Aladdin
2 11 (1.84%) ION Anvil
2 11 (1.84%) Loan IQ
3 8 (1.34%) ION MarketView
4 5 (0.83%) IntelliMatch
5 4 (0.67%) Orchestrade
6 2 (0.33%) Fidessa
6 2 (0.33%) SAP S/4HANA
7 1 (0.17%) Finacle
7 1 (0.17%) FLEXCUBE
7 1 (0.17%) Oracle FAH
7 1 (0.17%) Oracle General Ledger
7 1 (0.17%) SAP CO
7 1 (0.17%) SAP ERP
7 1 (0.17%) SAP FI
7 1 (0.17%) SAP FI/CO
7 1 (0.17%) Temenos T24
Cloud Services
1 129 (21.54%) AWS
2 89 (14.86%) dbt
3 76 (12.69%) Snowflake
4 65 (10.85%) GCP
5 51 (8.51%) Azure
6 15 (2.50%) Power Platform
7 9 (1.50%) OpenShift
8 8 (1.34%) Azure DevOps
9 7 (1.17%) GitHub
9 7 (1.17%) Microsoft 365
9 7 (1.17%) Power Automate
10 6 (1.00%) Serverless
11 5 (0.83%) Cloud Run
11 5 (0.83%) Dynamics 365
11 5 (0.83%) Google Kubernetes Engine
11 5 (0.83%) npm
11 5 (0.83%) Yarn
12 4 (0.67%) IaaS
13 3 (0.50%) AWS Lambda
13 3 (0.50%) Azure AKS
Communications & Networking
1 17 (2.84%) Firewall
2 15 (2.50%) DMZ
2 15 (2.50%) VPN
3 13 (2.17%) Cisco Nexus
4 5 (0.83%) DNS
4 5 (0.83%) SAN
5 4 (0.67%) DHCP
5 4 (0.67%) FIX Connectivity
5 4 (0.67%) Internet
5 4 (0.67%) SSH
6 3 (0.50%) Fibre Channel
6 3 (0.50%) iSCSI
6 3 (0.50%) LAN
6 3 (0.50%) WAN
7 2 (0.33%) AMQP
7 2 (0.33%) IPsec
7 2 (0.33%) NAS
7 2 (0.33%) TCP/IP
7 2 (0.33%) Wireshark
8 1 (0.17%) Cisco IOS
Database & Business Intelligence
1 89 (14.86%) Amazon Athena
1 89 (14.86%) Apache Arrow
1 89 (14.86%) Apache Ignite
1 89 (14.86%) Dremio
2 78 (13.02%) Data Lake
3 37 (6.18%) Relational Database
4 31 (5.18%) SQL Server
5 14 (2.34%) Big Data
6 12 (2.00%) KDB
7 10 (1.67%) Power BI
8 8 (1.34%) NoSQL
9 7 (1.17%) Apache Hive
9 7 (1.17%) Impala
9 7 (1.17%) Oracle Database
10 6 (1.00%) MySQL
11 5 (0.83%) BigQuery
11 5 (0.83%) Data Warehouse
11 5 (0.83%) Hadoop
11 5 (0.83%) MongoDB
12 4 (0.67%) Data Mart
Development Applications
1 33 (5.51%) JIRA
2 27 (4.51%) Git
3 24 (4.01%) Cucumber
4 21 (3.51%) TeamCity
5 18 (3.01%) Jenkins
6 8 (1.34%) Visual Studio
7 7 (1.17%) Bitbucket
8 6 (1.00%) MLflow
9 5 (0.83%) GitLab
9 5 (0.83%) TestRail
10 4 (0.67%) JUnit
10 4 (0.67%) Selenium
11 3 (0.50%) Octopus Deploy
11 3 (0.50%) PHPUnit
11 3 (0.50%) SpecFlow
11 3 (0.50%) webpack
12 2 (0.33%) Artifactory
12 2 (0.33%) Cypress.io
12 2 (0.33%) Mocha
12 2 (0.33%) Visual Studio Code
General
1 599 (100.00%) Banking
2 327 (54.59%) Finance
3 200 (33.39%) Front Office
4 129 (21.54%) Social Skills
5 64 (10.68%) Analytical Skills
6 37 (6.18%) Retail
7 36 (6.01%) Retail Banking
8 33 (5.51%) Corporate Banking
9 10 (1.67%) Financial Institution
9 10 (1.67%) Public Sector
9 10 (1.67%) Wholesale Banking
10 9 (1.50%) Back Office
11 7 (1.17%) Prime Brokerage
12 6 (1.00%) Organisational Skills
12 6 (1.00%) Presentation Skills
12 6 (1.00%) Synthetic Prime Brokerage
13 5 (0.83%) Inclusion and Diversity
13 5 (0.83%) Legal
14 2 (0.33%) French Language
14 2 (0.33%) Public Speaking
Job Titles
1 211 (35.23%) Developer
2 116 (19.37%) Analyst
3 76 (12.69%) Business Analyst
4 70 (11.69%) Java Developer
5 68 (11.35%) Senior
6 67 (11.19%) Lead
7 58 (9.68%) Software Engineer
8 38 (6.34%) Architect
8 38 (6.34%) Python Engineer
9 36 (6.01%) Java Engineer
10 33 (5.51%) C# Developer
11 32 (5.34%) AWS Engineer
11 32 (5.34%) Python Software Engineer
11 32 (5.34%) Software Developer
12 31 (5.18%) Java Software Engineer
12 31 (5.18%) Project Manager
12 31 (5.18%) Python Developer
13 30 (5.01%) AWS Software Engineer
13 30 (5.01%) Developer/Software Engineer
13 30 (5.01%) Solutions Architect
Libraries, Frameworks & Software Standards
1 90 (15.03%) gRPC
2 89 (14.86%) Pandas
3 88 (14.69%) NumPy
3 88 (14.69%) Protocol Buffers
3 88 (14.69%) SciPy
4 47 (7.85%) .NET
5 37 (6.18%) FIX Protocol
6 32 (5.34%) React
7 21 (3.51%) WPF
8 15 (2.50%) CSS
8 15 (2.50%) Spring
9 14 (2.34%) AngularJS
10 13 (2.17%) HTML
11 10 (1.67%) .NET Framework
11 10 (1.67%) Middleware
11 10 (1.67%) Redux
11 10 (1.67%) REST
12 9 (1.50%) Kafka
12 9 (1.50%) XML
13 8 (1.34%) WCF
Miscellaneous
1 170 (28.38%) Derivative
2 160 (26.71%) Fixed Income
3 133 (22.20%) Equities
4 131 (21.87%) Foreign Exchange (FX)
5 106 (17.70%) Hedge funds
6 41 (6.84%) Product Ownership
7 20 (3.34%) Equity Derivative
8 14 (2.34%) Market Risk
9 10 (1.67%) Algorithms
10 8 (1.34%) Credit Risk
10 8 (1.34%) Distributed Computing
10 8 (1.34%) Management Information System
10 8 (1.34%) OTC Derivatives
10 8 (1.34%) Pricing Data
11 7 (1.17%) Greenfield Project
11 7 (1.17%) Public Cloud
11 7 (1.17%) Reference Data
12 6 (1.00%) Data Structures
12 6 (1.00%) Mobile App
12 6 (1.00%) Self-Motivation
Operating Systems
1 57 (9.52%) Linux
2 46 (7.68%) Windows
3 45 (7.51%) Unix
4 6 (1.00%) Windows Server
5 5 (0.83%) Red Hat Enterprise Linux
6 3 (0.50%) Android
6 3 (0.50%) Data ONTAP
7 2 (0.33%) Apple iOS
8 1 (0.17%) VMS
8 1 (0.17%) Windows 10
Processes & Methodologies
1 222 (37.06%) Agile
2 111 (18.53%) Software Engineering
3 110 (18.36%) Asset Management
4 101 (16.86%) Investment Management
5 67 (11.19%) Problem-Solving
6 56 (9.35%) DevOps
7 50 (8.35%) Wealth Management
8 49 (8.18%) Test Automation
9 45 (7.51%) Electronic Trading
10 44 (7.35%) SDLC
11 43 (7.18%) Line Management
12 42 (7.01%) Project Management
13 41 (6.84%) Analytics
13 41 (6.84%) Stakeholder Management
14 32 (5.34%) Migration
15 30 (5.01%) Risk Management
16 29 (4.84%) BDD
16 29 (4.84%) Greeks
17 28 (4.67%) High Availability
17 28 (4.67%) OO
Programming Languages
1 199 (33.22%) Python
2 191 (31.89%) Java
3 131 (21.87%) SQL
4 109 (18.20%) TypeScript
5 99 (16.53%) JavaScript
6 87 (14.52%) C#
7 39 (6.51%) Scala
8 25 (4.17%) PowerShell
9 24 (4.01%) C++
10 16 (2.67%) Perl
11 10 (1.67%) T-SQL
12 9 (1.50%) VBA
13 8 (1.34%) Ruby
14 7 (1.17%) Shell Script
15 5 (0.83%) Bash
15 5 (0.83%) PHP
15 5 (0.83%) R
16 4 (0.67%) Data Analysis Expressions
16 4 (0.67%) PL/SQL
17 3 (0.50%) Go
Qualifications
1 42 (7.01%) Degree
2 13 (2.17%) Numerate Degree
3 12 (2.00%) Computer Science Degree
4 7 (1.17%) Master's Degree
5 5 (0.83%) Security Cleared
6 4 (0.67%) APMP
6 4 (0.67%) PMP
7 3 (0.50%) CISM
7 3 (0.50%) CISSP
7 3 (0.50%) MCSE
7 3 (0.50%) Microsoft Certification
7 3 (0.50%) SC Cleared
8 2 (0.33%) ISEB
8 2 (0.33%) Six Sigma Black Belt
8 2 (0.33%) Six Sigma Green Belt
9 1 (0.17%) FFIEC
9 1 (0.17%) ISTQB
9 1 (0.17%) PMI Certification
Quality Assurance & Compliance
1 38 (6.34%) Data Quality
2 33 (5.51%) QA
3 16 (2.67%) PMO
4 15 (2.50%) EMIR
5 11 (1.84%) MiFID
6 10 (1.67%) SLA
7 4 (0.67%) ISO/IEC 27001
8 3 (0.50%) Dodd-Frank
9 2 (0.33%) Cyber Essentials
9 2 (0.33%) GRC
9 2 (0.33%) NIST
9 2 (0.33%) SEPA
10 1 (0.17%) Basel II
10 1 (0.17%) Basel III
10 1 (0.17%) COREP
10 1 (0.17%) GDPR
10 1 (0.17%) IFRS
10 1 (0.17%) IFRS 17
10 1 (0.17%) IFRS 9
10 1 (0.17%) SOC 2
System Software
1 19 (3.17%) Docker
2 11 (1.84%) Active Directory
3 3 (0.50%) Firmware
3 3 (0.50%) GPFS
3 3 (0.50%) NFS
4 2 (0.33%) Virtual Servers
5 1 (0.17%) Cronacle
5 1 (0.17%) GridGain
5 1 (0.17%) HDFS
5 1 (0.17%) VMware Infrastructure
Systems Management
1 27 (4.51%) Ansible
2 22 (3.67%) Kubernetes
3 12 (2.00%) ITRS Geneos
4 10 (1.67%) Grafana
5 9 (1.50%) Terraform
6 7 (1.17%) Puppet
7 3 (0.50%) Prometheus
7 3 (0.50%) Veritas Storage Foundation
8 2 (0.33%) NetBackup
8 2 (0.33%) Progress Chef
9 1 (0.17%) Argo
9 1 (0.17%) Consul
9 1 (0.17%) Control-M
9 1 (0.17%) CSIRT
9 1 (0.17%) Kibana
9 1 (0.17%) Netcool
9 1 (0.17%) Packer
9 1 (0.17%) Rancher
9 1 (0.17%) Red Hat Satellite
Vendors
1 44 (7.35%) Microsoft
2 30 (5.01%) Bloomberg
3 21 (3.51%) Oracle
4 15 (2.50%) Cisco
5 14 (2.34%) Fortinet
5 14 (2.34%) ION Trading
6 12 (2.00%) BISAM
6 12 (2.00%) Blue Coat
6 12 (2.00%) CheckPoint
6 12 (2.00%) Juniper
7 11 (1.84%) Databricks
8 9 (1.50%) Google
8 9 (1.50%) IBM
9 8 (1.34%) Murex
9 8 (1.34%) Refinitiv
10 6 (1.00%) Dynatrace
11 5 (0.83%) Alteryx
11 5 (0.83%) SAP
11 5 (0.83%) Veritas
12 4 (0.67%) Sybase