Digital Banking Contracts with Work from Home Options

Digital Banking
UK > Work from Home

The table below provides summary statistics for contract job vacancies with an option to work from home (WFH) and a requirement for Digital Banking skills. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Digital Banking over the 6 months to 20 May 2024 with a comparison to the same period in the previous 2 years.

6 months to
20 May 2024
Same period 2023 Same period 2022
Rank 335 447 591
Rank change year-on-year +112 +144 -117
Contract jobs citing Digital Banking 6 8 28
As % of all contract jobs with a WFH option 0.041% 0.032% 0.063%
As % of the Processes & Methodologies category 0.046% 0.036% 0.069%
Number of daily rates quoted 2 1 25
10th Percentile - - £519
25th Percentile - £625 £575
Median daily rate (50th Percentile) £550 £650 £650
Median % change year-on-year -15.38% - +30.00%
75th Percentile - £675 £688
90th Percentile - - £713
UK median daily rate £475 £525 £650
% change year-on-year -9.52% -19.23% +20.93%

All Process and Methodology Skills
Work from Home

Digital Banking is in the Processes and Methodologies category. The following table is for comparison with the above and provides summary statistics for all contract job vacancies with a WFH option and a requirement for process or methodology skills.

Contract vacancies with a requirement for process or methodology skills 12,942 22,217 40,480
As % of all contract jobs with a WFH option 87.90% 89.66% 91.06%
Number of daily rates quoted 8,728 15,724 29,400
10th Percentile £325 £363 £363
25th Percentile £425 £450 £433
Median daily rate (50th Percentile) £525 £544 £525
Median % change year-on-year -3.49% +3.62% +7.14%
75th Percentile £638 £650 £633
90th Percentile £750 £750 £725
UK median daily rate £525 £550 £530
% change year-on-year -4.55% +3.77% +7.07%
Number of hourly rates quoted 567 510 538
10th Percentile £14.70 £18.63 £14.50
25th Percentile £24.13 £26.46 £20.75
Median hourly rate £43.00 £52.50 £39.50
Median % change year-on-year -18.10% +32.91% +64.58%
75th Percentile £60.00 £68.75 £57.50
90th Percentile £75.00 £80.00 £72.50
UK median hourly rate £36.50 £36.00 £25.68
% change year-on-year +1.39% +40.19% +7.00%

Digital Banking
Trend for Jobs with a WFH Option

Job vacancies with a work from home option citing Digital Banking as a proportion of all IT jobs advertised.

Digital Banking trend for jobs with a WFH option

Digital Banking
Daily Rate Trend for Jobs with a WFH Option

3-month moving average daily rate quoted in job vacancies with a work from home option citing Digital Banking.

Digital Banking daily rate for jobs with a WFH option

Digital Banking
Co-occurring Skills and Capabilities with WFH Options 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 1 (16.67%) Confluence
Business Applications
1 2 (33.33%) Payment Gateway
Cloud Services
1 2 (33.33%) Azure
1 2 (33.33%) Azure DevOps
1 2 (33.33%) Stripe
2 1 (16.67%) AWS
Development Applications
1 1 (16.67%) JIRA
General
1 6 (100.00%) Banking
2 2 (33.33%) Finance
3 1 (16.67%) Corporate Banking
3 1 (16.67%) Investment Banking
3 1 (16.67%) Retail
3 1 (16.67%) Retail Banking
Job Titles
1 3 (50.00%) Analyst
1 3 (50.00%) Business Analyst
2 2 (33.33%) Architect
2 2 (33.33%) Banking Analyst
2 2 (33.33%) Banking Business Analyst
2 2 (33.33%) Commercial Analyst
2 2 (33.33%) Commercial Business Analyst
2 2 (33.33%) Payments Architect
3 1 (16.67%) Data Engineer
3 1 (16.67%) Digital Analyst
3 1 (16.67%) Digital Business Analyst
3 1 (16.67%) Junior
3 1 (16.67%) Junior Analyst
3 1 (16.67%) Junior Banking Business Analyst
3 1 (16.67%) Junior Business Analyst
3 1 (16.67%) Online Business Analyst
3 1 (16.67%) Principal Engineer
3 1 (16.67%) Product Analyst
3 1 (16.67%) Product Business Analyst
3 1 (16.67%) Product Owner
Libraries, Frameworks & Software Standards
1 2 (33.33%) FIDO
1 2 (33.33%) RESTful
Miscellaneous
1 2 (33.33%) Contactless
1 2 (33.33%) Digital Wallet
1 2 (33.33%) Online Banking
2 1 (16.67%) Mobile App
2 1 (16.67%) Product Ownership
Processes & Methodologies
1 4 (66.67%) Agile
2 3 (50.00%) Customer Experience
3 2 (33.33%) API Design
3 2 (33.33%) Architecture Roadmap
3 2 (33.33%) B2B
3 2 (33.33%) Data Encryption
3 2 (33.33%) Data Protection
3 2 (33.33%) DevOps
3 2 (33.33%) E-Commerce
3 2 (33.33%) Fraud Detection
3 2 (33.33%) Kanban
3 2 (33.33%) Machine Learning
3 2 (33.33%) Microservices
3 2 (33.33%) Performance Optimisation
3 2 (33.33%) Regulatory Compliance
3 2 (33.33%) Roadmaps
3 2 (33.33%) Scaled Agile Framework
3 2 (33.33%) Stakeholder Management
3 2 (33.33%) Waterfall
4 1 (16.67%) Backlog Prioritisation
Programming Languages
1 1 (16.67%) Python
Qualifications
1 1 (16.67%) Degree
Quality Assurance & Compliance
1 2 (33.33%) GDPR
1 2 (33.33%) PCI DSS
1 2 (33.33%) PSD2
Vendors
1 2 (33.33%) PayPal
2 1 (16.67%) TSYS