Investment Banking Contracts with Work from Home Options

Investment Banking
UK > Work from Home

The table below looks at the prevalence of the term Investment Banking in contract job vacancies with an option to work from home (WFH). Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Investment Banking over the 6 months to 9 May 2024 with a comparison to the same period over the previous 2 years.

6 months to
9 May 2024
Same period 2023 Same period 2022
Rank 132 156 220
Rank change year-on-year +24 +64 +64
Contract jobs citing Investment Banking 239 400 539
As % of all contract jobs with a WFH option 1.59% 1.59% 1.23%
As % of the General category 2.70% 2.73% 2.26%
Number of daily rates quoted 199 274 380
10th Percentile £500 £488 £506
25th Percentile £619 £613 £597
Median daily rate (50th Percentile) £800 £715 £700
Median % change year-on-year +11.89% +2.14% +7.69%
75th Percentile £888 £820 £800
90th Percentile - £975 £850
UK median daily rate £725 £700 £700
% change year-on-year +3.57% - +7.69%

All General Skills
Work from Home

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 WFH option and a requirement for common skills.

Contract vacancies with a requirement for common skills 8,864 14,673 23,844
As % of all contract jobs with a WFH option 58.80% 58.48% 54.36%
Number of daily rates quoted 5,820 10,341 17,298
10th Percentile £325 £363 £350
25th Percentile £425 £450 £431
Median daily rate (50th Percentile) £538 £550 £525
Median % change year-on-year -2.27% +4.76% +6.06%
75th Percentile £650 £675 £638
90th Percentile £775 £775 £738
UK median daily rate £525 £550 £538
% change year-on-year -4.55% +2.33% +7.50%
Number of hourly rates quoted 471 333 343
10th Percentile £14.00 £19.00 £13.50
25th Percentile £22.61 £25.95 £19.43
Median hourly rate £38.12 £50.00 £32.77
Median % change year-on-year -23.76% +52.58% +40.54%
75th Percentile £53.00 £67.50 £49.25
90th Percentile £72.50 £80.20 £64.95
UK median hourly rate £30.00 £32.60 £22.00
% change year-on-year -7.96% +48.16% -2.22%

Investment Banking
Trend for Jobs with a WFH Option

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

Investment Banking trend for jobs with a WFH option

Investment 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 Investment Banking.

Investment Banking daily rate for jobs with a WFH option

Investment Banking
Daily Rate Histogram for Jobs with a WFH Option

Daily rate distribution for jobs with a work from home option citing Investment Banking over the 6 months to 9 May 2024.

Investment Banking daily rate histogram for jobs with a WFH option

Investment Banking
Hourly Rate Trend for Jobs with a WFH Option

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

Investment Banking hourly rate for jobs with a WFH option

Investment 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 76 (31.80%) Apache
1 76 (31.80%) Apache Airflow
2 3 (1.26%) Apache Spark
2 3 (1.26%) CMS
2 3 (1.26%) Headless CMS
2 3 (1.26%) SharePoint
3 1 (0.42%) Confluence
3 1 (0.42%) GemFire
3 1 (0.42%) Oracle Coherence
3 1 (0.42%) Oracle Workflow
Applications
1 12 (5.02%) Microsoft Excel
2 7 (2.93%) Microsoft Office
3 6 (2.51%) Microsoft PowerPoint
4 4 (1.67%) Microsoft Project
Business Applications
1 5 (2.09%) Loan IQ
2 3 (1.26%) Orchestrade
3 2 (0.84%) SAP S/4HANA
4 1 (0.42%) SAP CO
4 1 (0.42%) SAP ERP
4 1 (0.42%) SAP FI
4 1 (0.42%) SAP FI/CO
Cloud Services
1 83 (34.73%) AWS
2 75 (31.38%) dbt
3 66 (27.62%) Snowflake
4 39 (16.32%) GCP
5 9 (3.77%) Azure
6 3 (1.26%) Amazon S3
6 3 (1.26%) Amazon SQS
6 3 (1.26%) GitHub
6 3 (1.26%) IaaS
6 3 (1.26%) Microsoft 365
7 2 (0.84%) Azure DevOps
7 2 (0.84%) Power Platform
7 2 (0.84%) Serverless
8 1 (0.42%) Amazon EC2
8 1 (0.42%) AWS Lambda
8 1 (0.42%) Azure Cosmos DB
8 1 (0.42%) Azure Functions
8 1 (0.42%) Azure Logic Apps
8 1 (0.42%) PowerApps
8 1 (0.42%) Virtual Private Cloud
Communications & Networking
1 4 (1.67%) DNS
2 3 (1.26%) DHCP
3 1 (0.42%) Cisco Nexus
3 1 (0.42%) DMZ
3 1 (0.42%) Firewall
3 1 (0.42%) TCP/IP
3 1 (0.42%) VPN
Database & Business Intelligence
1 75 (31.38%) Amazon Athena
1 75 (31.38%) Apache Arrow
1 75 (31.38%) Apache Ignite
1 75 (31.38%) Dremio
2 66 (27.62%) Data Lake
3 6 (2.51%) SQL Server
4 4 (1.67%) MySQL
5 3 (1.26%) Big Data
5 3 (1.26%) KDB
5 3 (1.26%) NoSQL
5 3 (1.26%) Relational Database
6 2 (0.84%) Apache Hive
6 2 (0.84%) Data Warehouse
6 2 (0.84%) Impala
6 2 (0.84%) Metadata
6 2 (0.84%) Oracle Database
6 2 (0.84%) Power BI
7 1 (0.42%) DB2
7 1 (0.42%) RDBMS
7 1 (0.42%) Siebel EIM
Development Applications
1 9 (3.77%) Git
2 6 (2.51%) MLflow
3 5 (2.09%) JIRA
4 4 (1.67%) Visual Studio
5 3 (1.26%) GitLab
5 3 (1.26%) PHPUnit
6 2 (0.84%) Jenkins
6 2 (0.84%) NUnit
6 2 (0.84%) Selenium
6 2 (0.84%) TeamCity
7 1 (0.42%) Artifactory
7 1 (0.42%) Bitbucket
7 1 (0.42%) Cucumber
7 1 (0.42%) Log4Net
7 1 (0.42%) Maven
7 1 (0.42%) MSTest
7 1 (0.42%) Postman
7 1 (0.42%) SpecFlow
7 1 (0.42%) TestComplete
7 1 (0.42%) TestRail
General
1 239 (100.00%) Banking
2 163 (68.20%) Finance
3 127 (53.14%) Front Office
4 38 (15.90%) Social Skills
5 22 (9.21%) Analytical Skills
6 15 (6.28%) Retail Banking
7 14 (5.86%) Retail
8 12 (5.02%) Corporate Banking
9 7 (2.93%) Financial Institution
10 6 (2.51%) Public Sector
11 4 (1.67%) Prime Brokerage
11 4 (1.67%) Synthetic Prime Brokerage
12 3 (1.26%) Inclusion and Diversity
13 2 (0.84%) Organisational Skills
13 2 (0.84%) Public Speaking
14 1 (0.42%) Back Office
14 1 (0.42%) German Language
14 1 (0.42%) Influencing Skills
14 1 (0.42%) Wholesale Banking
Job Titles
1 102 (42.68%) Developer
2 51 (21.34%) Software Engineer
3 50 (20.92%) Lead
4 48 (20.08%) Java Developer
5 33 (13.81%) Senior
6 29 (12.13%) Java Engineer
6 29 (12.13%) Java Software Engineer
6 29 (12.13%) Python Engineer
6 29 (12.13%) Python Software Engineer
7 27 (11.30%) AWS Engineer
7 27 (11.30%) AWS Software Engineer
7 27 (11.30%) Developer/Software Engineer
8 26 (10.88%) Senior Software Engineer
8 26 (10.88%) Software Developer
9 22 (9.21%) Lead Developer
9 22 (9.21%) Lead Software Developer
9 22 (9.21%) Lead Software Engineer
9 22 (9.21%) Software Team Leader
9 22 (9.21%) Team Leader
10 21 (8.79%) Python Developer
Libraries, Frameworks & Software Standards
1 76 (31.80%) Pandas
2 75 (31.38%) gRPC
2 75 (31.38%) NumPy
2 75 (31.38%) Protocol Buffers
2 75 (31.38%) SciPy
3 15 (6.28%) .NET
4 13 (5.44%) FIX Protocol
4 13 (5.44%) React
5 6 (2.51%) WPF
6 5 (2.09%) AngularJS
6 5 (2.09%) HTML
6 5 (2.09%) Spring
7 4 (1.67%) CSS
8 3 (1.26%) .NET Framework
8 3 (1.26%) GraphQL
8 3 (1.26%) Laravel
8 3 (1.26%) REST
8 3 (1.26%) SailPoint
8 3 (1.26%) Symfony
8 3 (1.26%) Yii
Miscellaneous
1 105 (43.93%) Derivative
2 104 (43.51%) Fixed Income
3 86 (35.98%) Foreign Exchange (FX)
4 84 (35.15%) Equities
5 76 (31.80%) Hedge funds
6 17 (7.11%) Equity Derivative
7 8 (3.35%) Pricing Data
7 8 (3.35%) Product Ownership
8 6 (2.51%) Management Information System
9 5 (2.09%) Algorithms
10 4 (1.67%) Distributed Computing
11 3 (1.26%) Embedded Systems
11 3 (1.26%) Greenfield Project
11 3 (1.26%) Self-Motivation
12 2 (0.84%) Data Structures
12 2 (0.84%) Distributed Systems
12 2 (0.84%) Market Risk
12 2 (0.84%) Mobile App
13 1 (0.42%) Low-Code
13 1 (0.42%) Team-Oriented Environment
Operating Systems
1 13 (5.44%) Linux
2 11 (4.60%) Unix
2 11 (4.60%) Windows
3 2 (0.84%) Red Hat Enterprise Linux
3 2 (0.84%) Windows Server
Processes & Methodologies
1 117 (48.95%) Agile
2 81 (33.89%) Software Engineering
3 79 (33.05%) Asset Management
4 69 (28.87%) Investment Management
5 30 (12.55%) Line Management
6 28 (11.72%) Greeks
7 24 (10.04%) Analytics
8 23 (9.62%) Problem-Solving
9 22 (9.21%) Test Automation
10 19 (7.95%) Electronic Trading
11 17 (7.11%) Wealth Management
12 13 (5.44%) CI/CD
12 13 (5.44%) RAD
12 13 (5.44%) SDLC
13 12 (5.02%) Algorithmic Trading
13 12 (5.02%) DevOps
14 11 (4.60%) Data Architecture
14 11 (4.60%) Project Management
15 10 (4.18%) Continuous Integration
15 10 (4.18%) Migration
Programming Languages
1 121 (50.63%) Java
2 119 (49.79%) Python
3 88 (36.82%) TypeScript
4 81 (33.89%) JavaScript
5 35 (14.64%) SQL
6 26 (10.88%) C#
7 15 (6.28%) Scala
8 10 (4.18%) C++
9 9 (3.77%) Perl
9 9 (3.77%) Ruby
10 6 (2.51%) VBA
11 4 (1.67%) PHP
11 4 (1.67%) PowerShell
11 4 (1.67%) Shell Script
12 3 (1.26%) R
13 2 (0.84%) Bash
13 2 (0.84%) F#
13 2 (0.84%) Korn
14 1 (0.42%) Jython
14 1 (0.42%) PL/SQL
Qualifications
1 20 (8.37%) Degree
2 8 (3.35%) Numerate Degree
3 6 (2.51%) Computer Science Degree
3 6 (2.51%) Master's Degree
4 4 (1.67%) APMP
5 3 (1.26%) SC Cleared
5 3 (1.26%) Security Cleared
6 2 (0.84%) PMP
6 2 (0.84%) Six Sigma Black Belt
6 2 (0.84%) Six Sigma Green Belt
7 1 (0.42%) FFIEC
7 1 (0.42%) ISTQB
7 1 (0.42%) PMI Certification
Quality Assurance & Compliance
1 36 (15.06%) Data Quality
2 15 (6.28%) QA
3 7 (2.93%) PMO
4 3 (1.26%) EMIR
4 3 (1.26%) MiFID
5 1 (0.42%) GRC
5 1 (0.42%) ISO/IEC 27001
5 1 (0.42%) NIST
5 1 (0.42%) SOC 2
System Software
1 4 (1.67%) Docker
2 3 (1.26%) Firmware
3 1 (0.42%) GridGain
3 1 (0.42%) Virtual Servers
Systems Management
1 5 (2.09%) Ansible
2 4 (1.67%) Puppet
3 2 (0.84%) Kubernetes
3 2 (0.84%) Red Hat Satellite
4 1 (0.42%) Consul
4 1 (0.42%) Packer
4 1 (0.42%) Progress Chef
4 1 (0.42%) Terraform
Vendors
1 12 (5.02%) Microsoft
2 7 (2.93%) Oracle
3 6 (2.51%) Databricks
4 3 (1.26%) Murex
5 2 (0.84%) Bloomberg
5 2 (0.84%) Citrix
5 2 (0.84%) ION Trading
5 2 (0.84%) Red Hat
5 2 (0.84%) Refinitiv
5 2 (0.84%) SAP
5 2 (0.84%) Sun
5 2 (0.84%) TOWER Software
6 1 (0.42%) Avaloq
6 1 (0.42%) Barracuda Networks
6 1 (0.42%) Blue Coat
6 1 (0.42%) Cadence
6 1 (0.42%) CheckPoint
6 1 (0.42%) Fortinet
6 1 (0.42%) Juniper
6 1 (0.42%) Siebel